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01. Innovation and Organization
Innovation is not just the invention of a new idea, but it is actually "bringing it to market", putting into practice and exploiting it in a manner that leads to new products, services or systems that add value or improve quality. It possible involves technological transformation and management restructuring. |
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02. Nurture Innovation
Organizations are mainly made of human beings. An innovative organization is a group of people intentionally organized to accomplish an overall, common goal. They range from a size of 2 to tens of thousands. If you desire to have a creative organization from which innovations emerge, nurture creative people.
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03. Idea Generation
An idea is just whatever is before the mind when one thinks. Very often, ideas are construed as representational images. New idea generation referred as creativity by individuals and teams is the starting point for innovation, the first is a necessary but not sufficient condition for the second.
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04. Opportunity Recognition
Defined as "the match between an unfulfilled market need and a solution that satisfies the need". Recognition triggers the evaluation that moves an idea down the long and often bumpy road toward commercialization. |
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05. Enterprise Idea Management
Generating ideas are essential to ensure that organizations takes each opportunity to innovate and progress.
Organizations must take proactive steps to implement an integrated Idea Management Systems to capture these ideas and measure the results.
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06. Managing Innovation
Innovation is drivenby the ability to see connections, to spot opportunities and to take advantage of them. The ability for organizations to capture, share and transfer their ideas, knowledge and experiences is an invaluable tool to preserve and forge ahead in their quest for innovation and competitive edge. |
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07. The New Leader
It takes a different sets of competencies to step up to be the new leaders of tomorrow. Developing your career as an innovative leader/manager requires you to take control, plan ahead and focus on the things that will really make a difference. The way of the Innovation Leader is not to focus on “keeping people from screwing up” but to help people be their innovative best, to help them to be great! |
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08. Leading Innovation
Managers live in a paradoxical world of having to simultaneously control day-to-day operations while encouraging appropriate risk taking. Leading innovation is about aligning energy through a compelling vision of the future. The willingness to change is a function of how attractive the future is, the cost of inaction and confidence in one’s ability to perform in the new world. |
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09. Culture & Rewards
For creativity and innovation to thrive, you need to have a corporate culture that nurtures creative thinking, sees mistakes as on the job training and embraces every step of the innovation process. A reward scheme can make or kill an innovation initiative. Considering the amount of effort that goes into launching an idea management process in many companies, it is essential to get the rewards right to inculcate a culture of growth, progress and innovation. |
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10. Framework for Innovation
Even in challenging economic times, innovaion remains the top priority for many global companies. Innovation is not a temporary fad. It has been increasingly recognized as an important success factor by businesses over the past 30 years. Innovation is here to stay! Sustainable innovation brings lasting value added value to the organizations, its shareholders and society as a whole.
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11. Process Innovation
Business must come to grips with the importance of innovation. But how does an organization ensure that it goes about “innovation” in a consistent way and then achieves the benefits associated with effective innovation. Innovation is not a lucky flash of inspiration or a unique skill set mastered by a fortunate few. With process innovation, you will have a step by step approach.
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12. Open Innovation
Open innovation means treating innovation like anything else — something that can be bought and sold on the open market, not just produced and used within the boundaries of the organizations. It is the art of leveraging on internal and external innovations to achieve business sustainability and success in the future. |
