Thursday, January 12, 2023

Initiativesofinnovation

An enriched innovation ecosystem enables systematic innovation management.


The purpose of “Digital Fit: Manifest Future of Business with Multidimensional Fit“ is to share insight about multidimensional enterprise fit from digital characteristics, organizational structure, change, knowledge, and talent perspectives; evoke critical and paradoxical thinking about digital “fit vs. misfit,” spark healthy debates on how to define and develop true digital fit, and build a fitting working environment to inspire creativity and accelerate digital transformation.

                    

Initiatives of Innovation

Initiativeofinnovation vThe businesses, and the world as a whole become over-complex, uncertain, and ambiguous, innovation is the process that can be fine tuned for improving its effectiveness. The important thing is to identify the common principles and the shared body of knowledge that will help to raise innovation thinking from an inwardly focused semantic argument to the truly recognized set of management principles and disciplines.

Initiativesofinnovation ivInnovation is a process to transform novel ideas for achieving commercial value as "intentional novelty bringing sustainable benefit.” Due to the increasing pace of changes, innovation can happen anywhere. Innovation Management needs to take a structural approach, which is driven by clear strategic goals, effective risk management, integral and interdisciplinary process management, to build innovation as the business competency and long-term advantage.

Initiativesofinnovation iii Innovation is not serendipity, but a systematic process to transform novel ideas for achieving the business values. There will be bumps and roadblocks along the way in achieving innovation excellence. Thus, taking the right pace is important to strike the right balance of innovation and standardization, to ensure the business can both reap some quick wins and more importantly, build long term innovation competency.

Initiativesofinnovation ii Innovation is the means to the end, it should either benefit your customers or create fresh value. An enriched innovation ecosystem enables systematic innovation management. Information is one of the most critical pieces in the innovation puzzle. Given this assertion, there is no limit to the value of information in running an innovative organization.

Initiativesofinnovation iThe organizational ecosystem is complex, nonlinear, interrelated, and interconnected, full of opportunities and risks. Companies have to gain a greater awareness of the intricacies and interdependencies of business systems, processes, people dynamics, technology, resource allocation.

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