Friday, April 14, 2023

Innovation

Innovation is the sustainable and scalable way that can be learned and practiced.

Innovation isn’t a serendipity, it is a scientific process which can be managed systematically. Science is the methodical process of identifying logical reasons behind innovation, experimental methods for innovation prototyping, stepwise procedures for managing innovation, concrete scenarios to implement ideas, and bringing up provable outcomes. 

Innovation implementation is more science than art, it’s important to identify key success factors for achieving innovation excellence.
 

Innovation & strategy: A good innovation strategy streamlines idea flow, takes incentives to encourage idea-sharing, develops sourcing practices, mitigates risks, and takes scalable innovation management approaches. Innovation strategies don't just require the right tools, the tools are the last piece. A comprehensive innovation strategy is a requirement to value-driven innovation by setting good guidelines, providing anchors to explore possibilities, creating a clear line of sight between the enterprise vision and how to build a balanced portfolio with mixed breakthrough innovation and incremental innovation.

An innovation strategy should be all about focusing on the creativity of the team on producing unique values. It’s a leverage point that helps the business stay focused and assure that the results of innovative approaches will have a positive impact for the long run.

Innovation & structure: Innovation is a structural process that can be managed. Innovation is undirected and ineffective without some kind of structure. The process to support the creation of sustainable, systematic innovation can be structured. Within a well-aligned structure, dedication and effort may be spent on innovation efforts rather than overcoming organizational hurdles and pushing against structural boundaries.

So given the opportunity to innovate, establish a formal and enabling structure in line with your ambition and desired direction, cultivate a culture within it; apply principles of approach, vary the resource and tool mix to improve innovation effectiveness and efficiency in the ever-changing environment.

Innovation & sociology:
Fundamentally, innovation is about generating novel ideas to solve human-related problems. Because the key elements in creative activity are often socially based and developed, sociology studies humans and their relationships, providing a great angle to connect right dots for spurring fresh ideas, solve societal problems innovatively, and harmonize human society. Sociology can contribute to understanding and articulating human creativity often as the collective activity significantly.

Studying sociology and bringing up the outside-in view is critical for developing people-centric innovation because you need to understand how consumers encounter, observe, or undergo their stage of customer experience, and then, come up with innovative ideas to delight them. Through social learning and development, with the right methodology, creativity can be amplified through positive reinforcement.

Innovation is the sustainable and scalable way that can be learned and practiced. Besides innovation theories and practices, fine-tune different innovation success factors, demonstrate courage, persistence, and wisdom to overcome many roadblocks on the journey and bring measurable value with continuous delivery consistently.

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