Innovation

One of the challenges organizations face when attempting to innovate is a coherent process through which they can develop ideas into fruition, with the ultimate delivery of commercially astute outcomes. 

Innovation is a unique business capability to reinvent business. Innovation journey is like taking a hiking trip at the trail, very few or even no people have ever gone before. It takes courage, intelligence, and emotional maturity. There are many components in an effective innovation environment or ecosystem, each by themselves may not cause a creative environment, but collectively, they can build a set of unique innovation capabilities.

Organizations should develop a set of fitting innovation principles, methodologies, practices, apply them properly to really add value and accelerate innovation performance, build the organizational level innovation competency.

Innovation requires thinking beyond, as opposed to outside the box, altering or changing the frame of reference to create previously unconsidered solutions: Sow creative thoughts=create novel ideas; unlock imagination, discover alternatives. The process of creative incubation necessitates the need for the ability of divergent thinking, a novelty-seeking behavior. Incubation time is the time taken for the subconscious mind to respond to stimuli until it delivers a result back to the conscious mind. This incubation process or gestation time is essential for idea generation and at the core of creative practice and competence.

Creativity is both natural and nurtured. To be creative, you have to enjoy the freedom of thinking, imagining, metaphorically communicating, trying, learning, doing, failing, and improving, etc. it is not something you can learn as a topic, it is something you acquire and use, not just for learning, but for life itself. Collectively, unleashing creative potential enables human society to reach the next level of advancement.

Innovation portfolio includes the hybrid types of innovations: It's critical to manage a healthy information-innovation business cycle, bring data-based insight, fine-tune underlying business functions and processes to improve business performance. Incremental innovation can be managed top-down to generate calculated value. It is much more predictable, often the result of optimization efforts on the product or process.

Breakthrough innovation is a radical new approach that leaves competitions behind in some way; it’s high-risky, with high potential to bring high return on investment. Innovation is greatly influenced by external circumstances; it doesn't mean the innovation system of the organization is or should be unstructured. It takes structural processes and continuous practices to improve innovation effectiveness.

Innovation teams and organizations are inclusive, informative, to not only generate fresh ideas constantly, but they can also implement the best of them boldly: In many traditional organizations, the higher the hierarchy, the more homogenous the workforce is. It could be the very reason that many talent/leadership development and innovation initiatives fail to achieve the expected result. Innovation leaders should empower teams to build the culture of innovation. brilliantly imagine the missions and business models of tomorrow while orchestrating across boundary innovation.

When there’s a group of people working in a team towards a common goal, conflicts exist. If conflicts are caused by diverse viewpoints, seeing things differently, sometimes, such conflicts can stimulate creative thinking and rejuvenate innovation. It is the leader/manager's responsibility to resolve crucial issues unbiasedly for smooth functioning of the team, without discouraging independent thinking and knowledge sharing, in order to build a high performance innovation team for producing great outcomes.

There are many components in effective innovation management. One of the challenges organizations face when attempting to innovate is a coherent process through which they can develop ideas into fruition, with the ultimate delivery of commercially astute outcomes. Innovation leaders need to make an objective assessment of their innovation appetite, attitude, and aptitude, and manage an innovation portfolio strategically to achieve high performance business results for the long term.


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Posted in: Innovation,Talent Master