The leverage point is how to cultivate great leaders, structure innovation without adding too much complexity.
Innovation is about the future, without it, you lose sight of tomorrow. Innovation is complex and scalable in the hyper-connected business environment. It’s not so easy to count on one individual or one team to do innovation, more often than not, innovation is the cross-disciplinary management discipline for idea creation and implementation in a structural way.
Business leaders have to dive deeper to see the invisible in order to read digital sentiment clearly, spur innovation continuously: Organizations are the robust and adaptive living system, business leaders should think as an entrepreneur to solve problems alternatively. Every state of energy is conditional and must meet certain conditions in order to take that form, groom more highly effective innovation leaders with both positive thinking, risk-intelligent attitude and high aptitude. They are able to capture emerging digital trends, develop learning agility, and pull innovation execution towards the right direction for achieving high performance results.
Though innovation happens more often from bottom up, the spirit comes from the top. Innovation leaders deepen their contextual understanding of the business ecosystem, knowing the business dynamic, perceiving the business insight in a cohesive way, enforcing cross-functional communication and cross-boundary collaboration. They empower people to build the culture of innovation; encourage them to be creative, foster an open environment in which people can unlock their creativity, build inclusive teams that can bring all sorts of strengths and capabilities together to amplify creativity effect and run a highly innovative organization.
Innovation Management needs to establish an effective framework to manage innovation in a systematic way: It is a strategic imperative to develop the organizational level innovation competency. Innovation management needs to lay out different mindsets, structures, processes, capabilities to unleash the full potential of a business system by tapping organizational potential to innovate, investing in the cultivation of capability and capacity. There is an increasing reliance on information technology to provide differentiation and speed up innovation. It’s also critical to set guidelines, nurture a culture of innovation, communicate with varying stakeholders to understand their needs, collect feedback for sparking creative ideas, recharging business models and managing innovation systematically.
Innovation happens when the conditions are right for it to happen and to successfully propagate for accelerating a dynamic. Freshness, robustness, sensitivity, comprehensiveness, autonomy, speed are all very characteristics of digital innovation. Interdisciplinary knowledge and systematic innovation approach is in demand to deal with today’s over-complex business dynamic, set more rigorous procedures for innovation portfolio management and more stringent criteria for the adoption of new innovation initiatives, according to the strategic view of the organization, core competencies and capacities of the company.
Companies have to be prepared to lose some to gain more from innovation efforts for the longer term: If the working environment with delightful interaction is stimulating and challenging, employees should think of knowledge/idea sharing as something they gain, rather than lose. To build innovation management competency for organization, the difficult challenge is not just launching successful teams, but maintaining the motivation and focus of the people, build an open environment in which people can learn and work, improve their productivity, creativity, and design competency so the company can climb the business maturity ladder from functioning to firm to delight.
Innovation is the most desired change. In a creative workplace, it’s actually necessary to have a certain degree of chaos to break down some old rules or outdated processes for playing the innovation oddball with the free spirit. Running a self-organizing innovative business does not mean chaos, but builds the cornerstone of self-regulating business, encourages transparency, and improves innovation capacity. Innovation often has high risks, sometimes, it takes a long time and lots of effort to nurture it into fruition. The management needs to make an objective assessment of their innovation appetite, attitude, and aptitude, manage an innovation portfolio strategically and systematically to achieve great business results for the long term.
Highly ambitious organizations manage innovation by taking a structural approach and solve hyper-complex problems in an alternative way. The leverage point is how to cultivate great leaders, structure innovation without adding too much complexity, streamline idea flow, generate winning concepts on a consistent basis, and achieve sustainable business advantage cohesively.