Friday, March 3, 2023

InitiativesofInnovation

8:30 AM Pearl Zhu No comments

Innovation becomes significantly important in the age with abundant information and advanced technologies.

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.

Initiatives of Innovation

Initiativesofinnovation Innovation is a unique business competency. Innovation management is neither an oxymoron nor a serendipity; it needs to be introduced all over the spectrum of the product/services lifecycle, such as refreshing the innovation portfolio, exploring totally new fields or ensuring on-going extension of the current portfolio, and manage it systematically to achieve consistent business results.

Innovation Innovation is a managed process to create business advantage; the best point of view is to see innovation as a differentiated competency to deliver business value. Innovation ecosystem or the methodological environment should cover the whole innovation process, including the philosophy to apply, and methods that cover the process from idea generation to commercialization.

Initiativesofinnovation Innovation becomes significantly important in the age with abundant information and advanced technologies. Because knowledge is outdated sooner than what you thought about, frequent disruptions and fierce competitions are part of reality.

Innovativeleadership Organizations are complex, societies are complex. In today’s “VUCA” new normal, leadership and management practices are complex. Leadership is not just soft skills, but hard capabilities. There are all sorts of gaps that need to be closed.

Intrapreneurinnovation Running an innovative business doesn’t mean everything goes rogue, practicing intrapreneurship in a large organization also doesn’t mean getting rid of all rules and doing things spontaneously. It is about creating the future via constantly learning, experimenting, discovering, and improving.