InitiativeofInnovation

It’s strategic imperative to unlock the full organization potential – the future performance for accelerating global business growth.

Innovation can happen anywhere across the global organization and its ecosystem because of constant changes in the physical world, frequent disruptions in reality. It's critical to connect the right dots, identify hot spots for innovation, build innovation hubs to nurture fresh ideas and new concepts. 

With increasing pace of changes and frequent disruptions, our global world has to create new paradigm, with creative patterns, fresh concepts, new knowledge, all sorts of innovators who can think differently and solve problems alternatively.

 It’s important to break down the variety of silos and enforce cross-functional, industrial, and cultural collaboration and innovation: Innovation is not for its own sake, but to generate multifaceted business value. The smaller business players can gain economies of scale of innovation through cross boundary communication and collaboration. So if you have some innovation capacity in an iteration, and are looking to pull it from the backlog, you can grab that high value. The success of the high-innovative organization is not accidental because innovation is a differentiated capability which needs to be built through a multitude of disciplines, structures, processes, and practices.=

It’s important to know that the variables that might merit consideration are the scope, scale, and impact of global innovation: In the business setting, it’s important to break down the variety of silos and enforce cross-functional, industrial, and cultural collaboration and innovation. The scope, scale, and impact of the global innovation depends on many variables such as process coherence, communication fluency, interdisciplinary knowledge, structural flexibility, technology update, etc. Forethoughtful organizations are able to manage a balanced portfolio with both incremental and breakthrough innovation. Incremental innovation is more under control, usually top down, process driven. Breakthrough innovation requires a more thorough process to prototype, filter, test in a real-world scenario. All organizations focus on developing people-centric innovation capacity.

An integral global innovation system enables organizations to recognize challenges, understand boundaries, deal with constraints, frictions, bridge a variety of gaps seamlessly. It takes world-class insight that can connect global dots to both inspire and nurture the evolution of businesses that walk the talk when it comes to innovation. An integral global innovation system enables organizations to recognize challenges, understand boundaries, deal with constraints, frictions, and bridge a variety of gaps seamlessly. Information Technology is the linchpin to build an advanced innovation system in which organizations can encourage idea brainstorming, process optimization, talent development and build a high performance innovative businesses. 

It’s strategic imperative to unlock the full organization potential – the future performance for accelerating global business growth. It takes world-class leaders who can connect global dots to inspire the evolution of human society that walk the talk when it comes to innovation. Innovation leaders not only understand the diversity of the global world with knowledge abundance, but also unify the world for advancing humanity collaboratively. 

Posted in: Global Perspective,Innovation