Friday, July 21, 2023


Innovation is a differentiated business advantage -intensify innovation with focus.

Innovation is one of the core activities of the business revolution and collective human progress. Business environment either encourages or discourages innovation, the ease or difficulties inherent in surviving. Information is one of the most intensive pieces of innovation. 

There is more flow of quality information, creative ideas; the better opportunities to reap the benefits from innovation management. Innovation has to become your business routine, corporate culture to renew creative energy.

Innovation for the sake of innovating is exhaustive because what would be the purpose: Identifying shared goals is a crucial collaboration success factor, collaboration not only propels innovation, and it’s the core of innovation. The varying shareholders who highly value innovation would value organizations with bigger innovation appetite and align more resources towards the future. There is no formula or best practices you could follow to become an innovation leader. Because when you emulate your competitor, you start looking like them, losing the chance to build a unique business advantage.

Innovation best practices are not for making static or rigid processes, but more about setting principles to achieve innovation management excellence. Innovation management needs to lay out different thinking, structures, and next practices, to allow business to develop into its potential in which organizations are combining all that is available to them in imaginative or advantageous ways.

Organizations catalyze innovation by making transformation from capital centered structures to knowledge-centered structures:
People, process, structures, technology, etc, are all crucial success factors of innovation management. The dissolution of rigid organizational hierarchies into self-managed relatively autonomous units breaks down silos, encouraging creativity, talent growth. Innovation leaders spot and score individuals as innovators to cultivate the culture of creativity and build innovation competency. A self-disciplined team is often composed of many self-motivated people who can adopt personal drive and focus on performing well in new and changing contexts.

Ideal organizational structures are achieved through the right mix of “physical and virtual,” horizontal expansion and vertical penetration, by taking advantage of emerging digital platforms and technologies, to ensure information flow, responsibility enforcement, and synergy creation.

Innovation management as a process needs to be fine-tuned to keep ideas flowing frictionlessly and implement the best of them effectively:
The purpose of innovation management is to manage innovation as a process. If you don't consider the processes as the main driver to deliver the desired result, then you will not get the result you hoped for. However, there is the natural tension between defined innovation and processes. Idea management processes are crucial to speed up innovation development cycles. On one hand, processes shouldn’t be overly rigid to stifle creativity; on the other hand, lots of ideas mean you will fail if you do not have a screening process to evaluate them and a robust process to implement them systematically.

The right level of guidance and process is important, but overly rigid processes or too ‘pushy’ goals will create new bottlenecks to stifle innovation. Innovation managers need to ponder: Are processes too rigid to adapt; too fragile to handle disruptions, or too inside-out without embracing people centricities.Can you predict or manage risks, can you deal with uncertainty? How to improve organizational innovation success rate? Take a different approach to innovation process management that would provide more flexibility, agility, and resilience.

From a management perspective, innovation is a differentiated business advantage -intensify innovation with focus. It’s critical to improve innovation effectiveness, groom innovative leaders and practitioners, develop a culture of creativity, build a unique set of innovation capabilities, and take a structural approach to achieve innovation excellence.


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