Friday, June 2, 2023

Initiativesofinnovation

10:58 AM Pearl Zhu No comments

To awaken innovation in the well-established organization, business leaders and professionals should think as an intrapreneur and act as a startup manager.

Digital is the age of innovation. And innovation is what leads to differentiation. There are many ways to differentiate and, therefore, there are many ways to pursue innovation.

The purpose of the book “Unpuzzling Innovation - Mastering Innovation Management in a Structural Way“ is to demystify innovation puzzles in a structural way.

Initiatives of Innovation

Innovation Digital is the age of innovation, innovation is no longer “nice to have,” but “must have” unique business competency. However, companies have very limited budgets, resources. The realities of corporate life don't allow those companies to spend all their resources on radical innovation.

Innovativeness Nowadays, creativity is the most desired professional quality. The most advanced societies are diverse mixtures of peoples who can spark creativity and develop talent. You cannot wait for some “aha moment” to happen, keep curious, always think profoundly, learn fresh knowledge, and acquire new capabilities. Innovativeness is a state of being quiescent, fluent, transcendental, etc. Being able to engage in the creation of novel ideas or unique insight does include a lot of observations, inquiries, unusual connections, and potential discoveries.

Initiatives Businesses are different, they have different cultures, different structures; they compete in different markets, they have a different strength and scale to achieve organizational purposes. To reinvent business, you need new technology, new processes, new customers, new knowledge, new talent, even a new business model. All that makes them very risky but on the other hand, you will get very great chances and opportunities for radical change and business innovation.

Innovation In today's modern organizations, complexity, diversification, and collaboration are the characteristics of the innovation ecosystem. Innovation is similar to "the sum is larger than its parts." It is the practice through which you grow and evolve something to something great. Organizations are at the different stages of business maturity, they should meet their business needs and take a logical approach to build their organizational innovation strength.

Initiatives All business initiatives should achieve some business result directly or indirectly. The bulk of information, methods, talent and approaches involved speaks in favor of the scientific approach for business initiative management. The unique thoughts, emergent trends, and updated knowledge, etc, are all that captivates professionals with intellectual curiosity to ask insightful questions, make deep observations, spur creativity, and develop differential core competency.