Focus on meeting important customer needs, ensure that the results of an innovative approach will have a positive impact on people and create differentiated value for their organizations.
With the right innovation appetite, attitude, and aptitude, the organization is on the right track of developing innovation as a business-wide unique competency. Business management needs to connect more reasonable dots to catalyze innovation, and look at innovation from the perspective of developing business-wide innovation capabilities.
Innovation investment: Innovation investment is one of the most critical business activities to bring long term prosperity. The logical investment scenario helps an organization assess whether the business improvement associated with developing new capabilities is the right investment to be done in the first place, any value justification for making the investment, and ensure the expected return on investment. Great innovation investors advocate entrepreneurship/ intrapreneurship activities, and put emphasis on investing in people-centric innovation.
Investment is both art and science. Innovation investment is risky; how to strike the right balance of short-term gain and long-term perspective. Vision, strategy, practice, resource, etc, are all crucial to improve its success rate. Make sure your vision is not limited to black or white, embrace the full spectrum of color. It’s important to map the strategic objectives into key performance indicators and then determine what capital investments will be needed to develop unique business competency. The return on investment should take into account both financial and non-financial measures.
Innovation fluency: Innovation is a unique business capability to reinvent business, but not to reinvent the wheels. Businesses today have to make strategic choices all the time about where and when and how they innovate, putting emphasis on identifying, building unique innovation capabilities. Innovation fluency means that individuals are self driven, think more differently and solve problems alternatively than those who are traditional thinkers. Organizations today have a better ability for connecting dots across boundaries to come up with alternative solutions or scale up innovation.
An organization with innovation fluency means to break down silos, create an information savvy environment that encourages the flow of information and knowledge for catalyzing innovation. The innovation capacity planning needs to be part of the innovation capability management, give innovation management a true picture of activities so a decision can be made on the ideal workload. Upgrade innovation capabilities with repurpose, realignment, and reconfiguration to achieve high performance. The management presents a willingness to imaginatively explore, an ability to evaluate the imaginative proposals for “appropriateness” and build sufficient capacity to innovate.
Innovation & hardworking: Every organization needs to develop their own set of innovation principles, methodologies, practices and apply them wisely with the expertise to really add value, drive innovation and develop the organizational level innovation competency. To achieve innovation excellence requires dedication, prioritizing, experimenting, learning and working very hard on a rhythm of sustained delivery. Do more with innovation, to keep evolving, assessing internal improvements, external environment, ongoing requirements as indications of future performance.
Hardworking doesn’t mean you get stuck at the daily busyness without setting the right priority; Hardworking is about having a proactive attitude and professional discipline. Individually, you cannot wait for something to happen. Being inquisitive, learning new things, being innovative, and building professional capabilities is part of progressive hardworking scenario. Collectively, it is important to make strategic planning, set the right priority, focus on things that really matter, and put in the effort and time scientifically to improve innovation effectiveness.
The digital age upon us is innovation. Different shareholders get involved in various business activities and play significant roles in catalyzing innovation and exploring multiple pathways for unlocking innovation potential. Focus on meeting important customer needs, ensure that the results of an innovative approach will have a positive impact on people and create differentiated value for their organizations.
Innovation investment: Innovation investment is one of the most critical business activities to bring long term prosperity. The logical investment scenario helps an organization assess whether the business improvement associated with developing new capabilities is the right investment to be done in the first place, any value justification for making the investment, and ensure the expected return on investment. Great innovation investors advocate entrepreneurship/ intrapreneurship activities, and put emphasis on investing in people-centric innovation.
Investment is both art and science. Innovation investment is risky; how to strike the right balance of short-term gain and long-term perspective. Vision, strategy, practice, resource, etc, are all crucial to improve its success rate. Make sure your vision is not limited to black or white, embrace the full spectrum of color. It’s important to map the strategic objectives into key performance indicators and then determine what capital investments will be needed to develop unique business competency. The return on investment should take into account both financial and non-financial measures.
Innovation fluency: Innovation is a unique business capability to reinvent business, but not to reinvent the wheels. Businesses today have to make strategic choices all the time about where and when and how they innovate, putting emphasis on identifying, building unique innovation capabilities. Innovation fluency means that individuals are self driven, think more differently and solve problems alternatively than those who are traditional thinkers. Organizations today have a better ability for connecting dots across boundaries to come up with alternative solutions or scale up innovation.
An organization with innovation fluency means to break down silos, create an information savvy environment that encourages the flow of information and knowledge for catalyzing innovation. The innovation capacity planning needs to be part of the innovation capability management, give innovation management a true picture of activities so a decision can be made on the ideal workload. Upgrade innovation capabilities with repurpose, realignment, and reconfiguration to achieve high performance. The management presents a willingness to imaginatively explore, an ability to evaluate the imaginative proposals for “appropriateness” and build sufficient capacity to innovate.
Hardworking doesn’t mean you get stuck at the daily busyness without setting the right priority; Hardworking is about having a proactive attitude and professional discipline. Individually, you cannot wait for something to happen. Being inquisitive, learning new things, being innovative, and building professional capabilities is part of progressive hardworking scenario. Collectively, it is important to make strategic planning, set the right priority, focus on things that really matter, and put in the effort and time scientifically to improve innovation effectiveness.
The digital age upon us is innovation. Different shareholders get involved in various business activities and play significant roles in catalyzing innovation and exploring multiple pathways for unlocking innovation potential. Focus on meeting important customer needs, ensure that the results of an innovative approach will have a positive impact on people and create differentiated value for their organizations.
0 comments:
Post a Comment