Saturday, June 3, 2023

Innovativeinitiatives

12:21 PM 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.

Innovative Initiatives

Innovation We live in a dynamic environment with information exponentiality and “VUCA” reality. Problems turn out to be more complex and interdependent. Problem-solving is about seeing a problem and actually finding a solution to that problem; an innovative problem-solving scenario is actually a process of deduction to derive a solution drawing from knowledge, experience, and out-of-the-box creativity for achieving customer delight.

Innovative In the real world, due to hyper complexity and unprecedented uncertainty, problem-solving in the majority of organizations today is woefully inadequate, most people usually never question what is exactly the problem because "it's the way things should be." Often, events and patterns are observed on the surface, and then the action is taken to fix the symptom, but that is too early, and perhaps cause further problems later on.

Innovative The business or societal progress is made via a healthy cycle of problem framing and problem-solving continuum. Keep in mind, problem-solving is about understanding a problem, discovering the root cause, and actually finding a solution to that problem. A well-established scorecard for problem-solving makes an objective assessment of problem-solvers as well as measuring problem-solving progress both qualitatively and quantitatively.

InnovationPeople are complex, business is complex, and society is complex today. More often than not, those existing or emergent problems are also complex. Problem-solving today has a very wide scope, intricate factors, more often than not, lack of knowledge and scarcity of insight leads to poor problem-solving for the long run. Thus, Solving complex business problems requires accelerated digital mindsets, continuous learning, leveraging multidisciplinary knowledge and insight, taking an end-to-end response, a structural and an iterative approach.

Innovative Problem-solving today has a very wide scope, intricate factors and multitude of perspectives. The main emphasis is in doing better pre-work, such as defining the situation and the "success criteria," taking consideration of the range of options, rather than the traditional "jump to solution" problem-solving method. The good scenario for problem-solving goes between flexibility and hard processes, with the ultimate goal to get higher than expected results.