Friday, February 3, 2023

Innovationvariance

9:57 AM Pearl Zhu No comments

To awaken innovation in the well-established organization, business leaders and professionals should think as an intrapreneur and act as a startup manager.

Digital is the age of innovation. And innovation is what leads to differentiation. There are many ways to differentiate and, therefore, there are many ways to pursue innovation.

The purpose of the book “Unpuzzling Innovation - Mastering Innovation Management in a Structural Way“ is to demystify innovation puzzles in a structural way.

Innovation Variance

Innovationvariance Due to abundant knowledge, increasing pace of changes, blurred territories, and hyperconnectivity, innovation can happen anywhere across the organization and its ecosystem. However, it has a very low success rate; every organization has a tolerance for the variance which, when exceeded, produces a failure scenario.

InitiativesofinnovationThe 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.

InnovationIntensity Innovation is similar to "the sum is larger than its parts" and is what leads to differentiation. Innovation shouldn’t be serendipity. It is a high mature digital capability that needs to be built via disciplines, structures, processes, and practices. At today's modern organizations, variety, hyperconnectivity, diversification, collaboration, and flexibility increase innovation intensity and expand the ever-evolving digital innovation ecosystem.

Initiateglobalinnovationagenda Compared to the industrial era with silo setting, static knowledge and overly restrictive hierarchy inherited from the last century, the global world has become much more complex and smaller all at once due to blurred territories, cross-boundary interactions, intriguing business relationships, and diversity of talent. Business leaders and professionals should lay out different thinking, structures, and solutions to sees the world as interconnected, interdependent and integrated, develop global innovation agenda with following characteristics, take initiatives to solve bigger and tougher problems, scale up innovation effort, to help more people, businesses, industries, and societies for enhancing inclusiveness and unleashing collective human potential in a structural way.

Innovation Innovation is not serendipity, but a management process and discipline. The broader the scope, scale, and impact of the change, the more one leans towards calling such change an innovation. Applying discipline to innovation is to figure out how to manage innovation in a structural way.