Sunday, July 2, 2023

InnovationForward

The world needs more looking-forward, acting-forward, and innovating-forward leaders and professionals to catalyze innovation, and make progressive changes.

An organization may be in business for many years but has not matured its innovation management practices. In today's work environment. It takes a lot of energy to break down old habits and outdated thought processes.


Thinking outside the current constraints and comfort zones requires a different vision and courage to pursue innovation. In reality, only very few organizations have a long-term vision, goal-driven processes and differentiated capabilities to achieve innovation excellence.

Organizations need to move the needle of diversification, bring in fresh ideas and new perspectives to bridge innovation gaps: Businesses have multigenerational, multicultural and multidivicing workforce. Diversification is the hidden dimension to close cognitive differences, and deal with change inertia. spark innovation, to reach the next level of business growth and organizational maturity. The emergent digital platforms, technologies and practices make it possible to expand the talent pool and discover professional competency based on their mindset, expertise, and influence. So companies can bring in fresh ideas continually and bridge innovation gaps seamlessly.

Organizations need to move the needle of trustworthiness: Large scale innovations are rarely individual activities. Behaving in a trustworthy manner is crucial for innovation success. Using the forces of respect for all employees. The key to trust is to establish trustworthiness as a character trait and business culture. Communicate, delegate, trust and hold accountable. To be able to innovate and be able to trust, have the courage to learn when you fail; take responsibility for the failure, learn from it and move forward. Belief in the high value of both team and each team member. Innovation management helps people not to fail, and if they do, show yourself to be trustworthy by supporting them.

Organizations need to move the needle of change management: In fact, innovation is the most needed change. Innovation strategy management and change management go hand-in-hand. The speed of change is increasing, and the digital ecosystem has become more complex and dynamic, so change itself changes. Innovation Management of the organization also turns out to be more complex, that’s perhaps part of the reason why the failure rate of innovation Management is so stubbornly high. Without change and improvement, organizations will repeat the same implementation process time and time again, even when it doesn't lead to full idea implementation! Innovation Management can become more successful with people at the core of change, the cause of changes and the purpose of change.

So the world needs more looking-forward, acting-forward, and innovating-forward leaders and professionals to catalyze innovation, and make progressive changes. Forward-looking view of the organization is to determine what the future needs to look like, what the business transformation must look like, how to overcome the roadblocks, close the blind spots, and reach the next level of business growth and innovation maturity.

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