Tuesday, May 16, 2023

Innovation

It is important to leverage a systematic approach with robust processes and tools to enable the business generating winning concepts on a consistent basis to achieve innovation excellence.

Innovation is about how to transform novel ideas to achieve business values; innovation process design and modeling is an integral part of scientific innovation management.

Interdisciplinary approaches can be applied to innovation management with integrated multidisciplinary methodology, to frame bigger thinking boxes, define the scalability of the products/services, and take multifaceted ways to approach problems structurally.

A biological mindset is able to understand the organization as an organic system which requires constantly rejuvenating creative energy: Creativity is largely an associative process based on knowledge and experience, from which creative concepts can emerge constantly. Professionals with a “biologist mind” can dig deeper into such living organisms, and the context of their environment, having an advantage in sparking creativity fluently.

From a biological aspect, organizations are more like organic systems, which need to keep growing, maturing. The structure of the organization is varying: Whether it's "organic" or whether there should be a corporate function of Organizational Design, all depends on the culture of the organization. An organic organization with systematic characteristics is able to break away from static, stale, and slow patterns, able to make adjustments, keep evolving, and innovating.

Innovators should always have the greater vision in mind and strive to return sustainable development and growth back to the business or society they are working for: Fundamentally, innovation is the process to solve business problems in alternative ways. Innovation process could be very loose on purpose, but what is very rigorous and systematic is the analysis of the problems and the ability to innovate. There is a delicate balance of breaking down the overly rigid structure to experiment and tuning efficient processes for managing innovation. The broader the scope, scale, and impact of the innovation, the more one leans towards calling such innovation evolutionary and sustainable.

In practice, creativity starts with a knowledge base, and then openness to new experiences or detecting things you didn't know or applying knowledge from other domains to a new one. It results in creativity in the new domain. Imagination plus fresh knowledge spark innovation. It’s important to keep your mind flowing, rather than getting stuck at the old box, but being able to break down conventional thoughts, expand thinking box. It involves the full cycle of learning, unlearning and relearning to generate fresh concepts, great ideas and take alternative ways to solve problems innovatively.

Innovative organizations are information-savvy, interdisciplinary to come up with personalized solutions to delight customers: Start listening, collect qualified information and feedback from customers, embrace multiple perspectives of the issues, engage people in meaningful conversation to spur innovation. Innovation management needs to check: Can we classify the components or operations of ideas? Do we have an idea reservoir to keep them up and manage them effectively? What can interact with these ideas? Can we build a strong team with unique competency for taking care of chains of problems in a structural manner? How to figure out a powerful way to build trust and loyalty?

Customers cannot solve your problems, but they can provide insight into their goals, process, their problems and their feedback is invaluable. Sometimes it takes much longer for a new innovation drive to produce measurable outcomes. Highly innovative organizations are better equipped to manage innovation by allocating time and resources to the people in charge scientifically. It is also useful to evaluate innovation processes which demonstrate the growing capability of the organization to improve innovation performance with business impact in the future.

Innovation often has a lot to do with external circumstances, traditional management approaches usually focus on internal circumstances. Effective innovation management requires a suitable process as part of the wider holistic 'system.' It is important to leverage a systematic approach with robust processes and tools to enable the business generating winning concepts on a consistent basis to achieve innovation excellence.

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