Innovation

Highly innovative organizations are better equipped to manage innovation by allocating time and resources to the people in charge.

Innovation is the process through which you grow and evolve something to something better for generating something novel and creating higher value, mostly based on a combination or modification of previous attributes/approaches. 

To start the next cycle of innovation management, organizations have to learn from experimenting, amplify the best practices, cultivate an innovative climate, and build a solid innovation portfolio to improve the innovation management success rate.

Innovation via reframing the right problems and solving them creatively: Innovation is about generating fresh ideas and implementing them effectively. The essence of innovation is made of trying new combinations of known things and figuring out the better way to do things. Innovation is the means to the end, the end is to generate unique value and solve problems alternatively. The "methodologies” being put into the innovation bucket are somewhat unique and previously outside of the business norm. But they have the potential to reframe the problem which in itself is a significant contribution to innovative problem-solving.

Innovation is about choice. Often there is not just one choice to solve a problem; but there are many possible ones. Part of reframing an innovation strategy is to have built -in intelligence to correct the direction if the variables are changing or if there is an innovation that has disrupted the landscape all together -either in a disruptive way or in an incremental manner. Organizations should keep expanding their collective thinking box, reframing strategic problems and come up with innovative solutions consistently.

Innovation via reimagining the emerging paradigm via interdisciplinary lenses: Business world, like the natural world, needs to keep renewing to generate fresh energy and catalyze innovation. To make a seamless paradigm shift from an industrial/information age to a creative economy, reimagining the future for keeping things simple, and keeping business fit. Reimagine the emerging paradigm of people-centricity by leveraging interdisciplinary lenses. It is crucial to fine-tune organizational design, update business technologies, and tap alternative talent pools for improving differentiated capabilities of the business.

Reimagining the future is exciting; but it takes a lot of energy to break down old habits and outdated thought or problem-solving processes. The new era of creative thinking attributes value and purpose to the ecosystem seamlessly. To expand the business horizon and explore the new possibilities, it is strategically imperative that people are willing to seek out fresh knowledge, break down boundaries, harness cross-disciplinary interactions and cross-functional communication for co-solving problems innovatively.

Innovation via reinventing the business to create a disciplined and managed space: Innovations simply benefit from being developed and subsequently commercialized in a more open ecosystem. That requires organizations to explore new ways to do things and make radical shifts from multifaceted perspectives to reinvent the business for achieving innovation excellence. It is an evolutionary journey which requires much more time, energy, passion, courage, experimentation, retreat, and reflection, breaking down outdated rules; rejuvenating innovative culture. Create a disciplined, managed space for developing and testing new models, products, and business approaches.

Organization development is to help organizations reinvent itself by providing an environment within which employees at all levels are inspired and allowed to commit their best in the organization's long term success. Forward-looking organizations experiment with different types of organizational structure reinvention, to enforce business alignment, harness communication, and harmonize changes to achieve the level of organizational maturity. Innovation ecosystem or the methodological environment should cover the whole innovation process, keep reinventing processes from managing ideas to idea implementation and promotion.

Digital innovation has a broader spectrum and hybrid nature, it is the incremental improvement- radical innovation continuum. Highly innovative organizations are better equipped to manage innovation by allocating time and resources to the people in charge. The size and mix of the innovation portfolio depend on the business circumstances, strategic objectives and severity of external challenges or changes. Be insightful, be prepared, be flexible, ride the learning curve to orchestrate innovation ecosystem collaboratively.

Posted in: Innovation