With emerging digital enterprise collaboration platforms and tools, cross-functional communication, vertical and horizontal penetration, Innovation is the most powerful force to advance human society.
To create the right atmosphere for inspiring creativity and encouraging innovation, it’s important to identify and empower your innovators by crediting people who thought of brilliant ideas or talented staff who take risks to implement those ideas skillfully.
Innovation & Vision: Vision becomes your guidepost to realize innovation. Vision is where you want to go; a goal is something that pushes in the direction of the vision. In fact, creativity is infused with inner cohesion and comes from a vision of uniqueness. Innovation is the most needed change. Change unfolds into a wider multi-dimensionally systemic continuum. There is friction to innovation - the most desired change, but over the long haul, everyone from the top down sees the benefits.
Business leaders and professionals must get out of their own comfort zones, shape and share unique viewpoints on crucial issues, listen to a wide range of opinions, develop quality thinking and understanding, and continuously learn and grow, to create constructive discomfort for generating great ideas and sparking creativity. You can observe a creative result that was beyond the capacity of any one individual. And the collective creativity becomes the differentiated competency.
Innovation and intelligence: both humans and machine learning contribute to innovation nowadays. People take the initiative to generate out-of-the-box ideas; while machine intelligence creates process flow, and handles abundant information with technical skills and historical lessons they learned. Often, innovation gets stifled in very large, mature organizations in which the management is more interested in protecting their positions and markets rather than innovating and generating new ones. Innovation always needs to break down the old and keep reinventing.
Human intelligence and machine intelligence work more collaboratively. Deep learning enables users to visualize data, create novel ideas, search for insights, make validation and predictability, understand customers’ needs and wants; engage employees by knowing who they are, grasp opportunities to innovate products and service offerings, and create new business models continually.
Innovation & governance: Innovation management is not just about generating fresh ideas, but rather the processes to take ideas to value creation. Innovation needs a level of guidance, it has to deliver business objectives, but it needs the right kind of governance to thrive. When there is an innovative idea; the governance mechanisms dictate how that idea is fostered from inception to retirement; there are varying degrees of understanding of the scope of innovation governance such as governance structures, governance processes, governance mechanisms, governance practices, governance metrics, etc.
Also, sometimes governance standards can be taken too far and become their own bureaucracy. In that case, innovation would be stifled. Therefore, the right level of guidance and process is important, but overly rigid processes or too pushy goals will stifle innovation. If governance is deemed to stifle innovation, then it is wrongly implemented, or indeed wrongly understood.
In today's modern organizations, variety, hyperconnectivity, diversification, collaboration, and flexibility increase innovation intensity and expand the ever-evolving digital innovation ecosystem. More often than not, innovation is a multi-disciplinary effort. With emerging digital enterprise collaboration platforms and tools, cross-functional communication, vertical and horizontal penetration, Innovation is the most powerful force to advance human society.
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