Monday, July 10, 2023


It takes a disciplined approach to manage a balanced innovation portfolio. It takes resilience to fail over and run an innovative organization for customer delight and long term business advantage.

Innovation is a unique business capability to reinvent business, A leading organization with innovation competency can handle innovation streams for different goals and different time frames. It requires the highest risk-taking at a strategic value chain, creating a disciplined, managed space for developing and testing new models, products or services to delight customers. 

Innovation leaders and professionals keep updating knowledge, gain fresh insight, and take progressive activities to accelerate performance. Innovation management is often not the straight line, but in a curvilinear upcycle with multifaceted disciplines to create greater value.

Innovators holding strong beliefs have vision, endurance, passion, and perseverance that keep them motivated despite obstacles:
Being innovative is about broadening perspectives to listen to the two sides of the story, deepening understanding to find underneath patterns. It requires not only a single type of thought process, but multidimensional thinking; not only linear skill, but integral ability; not only old experience, but a new perspective. The best way to develop creative thinking is in solitude turning within for discovery and asking yourself questions, pursuing the freedom of choice and plenty of seeds of creativity. Through a balance of viewpoint and disciplines, human progress can be sustained and the world can move forward with solid speed.

Innovation managers should ask around: does the company truly embrace openness, transparency, collaboration, empowerment, respect for the value of people and adding value to the enterprises, etc. Can they sense the rising horizon, be able to make reliable predictions, co-develop the future landscapes together and inspire innovation. Societal progress is made through the progressive minds which can well balance diversified viewpoints, creativity, and discipline; opportunity and risk; individualism and teamwork, to co-create fresh ideas and solve problems innovatively.

It’s important to unfold systemic relationships, solicit feedback, listen to different opinions to avoid falling into linear management traps:
Business professionals are able to apply creative analysis skills to challenge assumptions. Any organization that innovates but cannot move its innovative ideas forward is an organization doomed to the status quo. Both idea generation and implementation are important for innovation success. As many good ideas have diminished in middle-management of many organizations because of lack of attention. It’s important to fine tune the idea management process to ensure that the organization always has sufficient ideas for choosing to generate great value.

It’s also critical to stimulating information-based communication and harnessing organizational-based collaboration. Solicit ideas from anywhere within the organization, not just a specific group or individuals. Allow for peer review and feedback with constructive criticism. Allow for management to contribute and encourage. Have peer review "vote"; as well as contribute or evolve the ideas. It’s not so effective to use linear logic to understand highly complex, nonlinear cause-effect scenarios of innovation practices. Integral logic is often nonlinear and synthetic in nature, with a high degree of interdependence, combining the modular capabilities exposed in a platform to create new experiences and expand innovation impact.

Identify critical variables used to prioritize innovation initiatives
: Recognize and prioritize initiatives that take a comprehensive, anticipatory, and design approach to radically advance human well-being and the health of business ecosystems. It doesn’t mean every business must pour huge amounts of resources into innovation initiatives. But they should always keep building innovation competency. Organizations are oriented toward change and finance is all about consistency. Without planning, return on investment estimation to prioritize well, innovation initiatives might fall by the wayside because they are not perceived to have significant impact.

Effective cost management is one phase of the process of effective innovation management. The time required by users to implement the initiative needs to enforce the alignment with the vision and strategies; “time to reach equilibrium” (cost = benefit) It takes acute awareness of present contextual variables, seeking fresh knowledge and unique insight, identify true cost savings, workflow optimizations, and additional revenue opportunities. It’s important to define and measure the right set of key performance indicators to increase business innovation success in meeting the organizational purpose and vision,

Every organization needs to develop their own innovation principles, methodologies, or practices, apply effective technologies, tools or methodologies wisely with the expertise to develop the organizational level innovation competency. It takes a disciplined approach to manage a balanced innovation portfolio. It takes resilience to fail over and run an innovative organization for customer delight and long term business advantage.


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