Initiativesofinnovation

Innovation management requires much deeper whole systems and integrative approaches; to leverage various environments, or ecosystems, manage innovation and accelerate performance structurally.

The new paradigm that is emerging is organic, alive, holistic, vibrant, energetic, fluid, creative and innovative, in relationship with its environment, and above all enhances interdisciplinary innovation approach and supports the dignity of the creative human spirit.

However, at business scope, innovation expands its horizon and flexes its muscles, goes beyond creating the new things, it includes both hard innovations such as products/services/processes/structures/business model innovation, as well as soft leadership/communication/culture innovation, to accelerate business performance.

Innovate via value-driven structural approach: The value-based innovation management needs to be driven by concepts like collaborative value or collective advantage. It leverages useful tools such as business architecture, and effective measures such as multi-layer ROIs, for improving the growth capacity and maturity of the business. The core principle of the system-based innovation is the structural method, leveraging the design of experiment type approaches.

Innovation can be viewed as consisting of many different stages. Some processes are more structured than others in innovation management. The most powerful thing about value based structural processes involves breakthrough innovation more than those that only manage short-term incremental innovation. It’s crucial to enhance organizational interrelationship between people and process, streamline information and idea flow, enforce business communications, and foster innovation.

Innovators are both natural and nurtured: To run an innovative organization, the more difficult challenge is not just launching successful teams, but maintaining their motivation and focus. Working in an innovation garden not only takes passion but also needs the process and hard work to rise above the learning curve; instill passion, boost energy and excitement to achieve the ultimate business results.

Innovations often happen at the intersection of people, business and customers, people and technology. Diversity catalyzes innovation, inquisitiveness stimulates creativity. Thus, it’s crucial to harness communication and collaboration. Communication should tailor the audience, leverage multiple digital channels and methodologies to share knowledge, spur great ideas, and implement the best ideas effectively.

Art and science of innovation: Innovation is not serendipity, or only a few spontaneous efforts, but needs to be a differentiated business competency. A great innovation framework approach helps to mix the art and science of management discipline holistically in order to manage different flavors of innovation systematically without “losing a big picture.” In reality though, there is the tension between the art and science of management, including innovation. Art is about visualizing unseen, abstract and envision; science is about simplifying complex things via experimenting, inference & deference.

There are many ways to innovate, the art of discovery is about rising above the status quo and taking on a new set of activities to ask open-ended questions, and create previously unconsidered solutions. The science of innovation is about pattern discovery, experimenting, and measurable outcome. Every scientific innovation effort needs to incorporate the means and ends, become more information-enriched, people-centric, having innovators involved in the innovation strategy development process, and systematically build the unique innovation competency of the company.

Due to the fact that innovating in today’s digital world has become increasingly complex in nature, organizations can no longer rely on a single individual or team to drive innovation. Innovation management requires much deeper whole systems and integrative approaches; to leverage various environments, or ecosystems, manage innovation and accelerate performance structurally.

Posted in: Innovation