Innovation

It actually needs to break down outdated rules or inflexible processes and take a systematic approach with robust processes to improve innovation effectiveness.

Innovation is a unique business capability to reinvent business, but not to reinvent the wheels. There are many components in effective innovation management, each by themselves may not cause a good practice, but collectively they can build a set of unique innovation capabilities. 

Creative wisdom leads to putting more thought into things and searching for flaws in decisions and that widens the possibility of coming up with alternative solutions and improving innovation fluency.

Organizational structure needs to be fine-tuned, keep two-way communication flow, streamline idea management cycle: An organizational structure carries inherent capabilities as to what can be achieved within its frame. Silo or overly rigid hierarchy stifles change. Thanks to the emergent digital technologies, many organizations today adopt the hybrid organizational structure that creatively blends structured and unstructured processes to improve innovation capabilities of the business.

Organizations today often mix the old way and digital way to do things. It’s no surprise that in many companies, the official structure and unofficial structure co-exist. The right mixed structure is the one that allows a positive mentality and culture of innovation to bloom. Within a well-aligned structure, that dedication and effort may be spent on innovation efforts rather than overcoming organizational hurdles and pushing against structural boundaries.

Right tension between innovation and standardization is actually healthy to keep creativity flowing: Because organizations indeed need both, and cannot really exist without a healthy balance of both. We are gradually stepping into a people-centric digital era, how to engage employees, delight customers becomes an imperative to build business advantages. A strategic approach to standardization and customization could be done either at the level of developing new products or at the processes of existing products or services. The "dosage" of standardization and customization in product/service management is the key - meeting target costs in the design phase is the path worth following.

Imagine yourself rising above that continuum between innovation and standardization. Look down upon the balance between the two. Managing the tension between standardization and customization is an important management exercise to both keep the business firm and delight customers. As a leader or a customer, what you've just done is to raise your consciousness of that balance, and that, in and of itself, makes a world of difference.

Accountability focuses on learning as a core value in building an agile and creative culture: Businesses today encourage creativity, enhance agility, build differentiated capabilities, and foster accountability. Improved transparency, goal tracking, real-time feedback, and enterprise-wide acknowledgment/ recognition of achievements are some of the key drivers for reaching the next level of business performance. acceleration.

Transforming to an agile culture and rejuvenating creative energy means the business knows the direction they want to go in, and as the people discover new ways of working, collaborating, delivering value, they inspect and adapt in that journey. This in the end may have the effect of promoting culture of change organically while reducing the stress that people have from fear of the perceived risk of uncertainty.

Innovation is a unique capability to gain a competitive advantage in face of fierce competitions and business dynamics. Innovation has a very low success rate. It actually needs to break down outdated rules or inflexible processes and take a systematic approach with robust processes to improve innovation effectiveness by enhancing cross-boundary communication, and dealing with conflicts and tensions smoothly.

Posted in: Agile,culture Master,Innovation,Organizational structure tuning