Here’s the scene: A problem has come up with one of your supply chain vendors, threatening to delay timely shipment of your product. At the same time, a potential opportunity appears that, with some exploration and investment, could lead to a new generation of products down the road. Which do you respond to first? You probably reach for your firefighter’s hat to extinguish the short-term problem. And therein lies a bigger problem. Leaders and organizations are under more stress than ever to do two things simultaneously: deliver on today’s pressing commitments by troubleshooting and refining processes; and find and invest in innovation opportunities that will create tomorrow’s success. How your organization responds to this stress in allocating scarce resources is a crucial but often unaddressed issue. The natural bias is to respond immediately to what is in front of you (like answering endless emails as they come in, for instance). The problem is, this instinct crowds out longer term, innovative thinking.
Innovation is everywhere. You can’t go an entire commercial break during the Super Bowl or a State of the Union address (okay, sorry, both American examples) without hearing the word innovation pop up at least once or twice. Companies have added innovation to their company values and mission statements in accelerating numbers. Some organizations have...
When it comes to innovation, we all have heard a multitude of names who are the paragons of it, from Steve Jobs to Zig Ziglar. They have made a lot of contribution in the field of appointment setting and lead generation. But these people are way too modern, to be honest. They have been with [...]
"Continuous improvement can be a little bit like rearranging the deck chairs on the Titanic if your business is in the process of being disrupted by fast-moving digital innovators", says consultant and researcher Brad Power. Instead, he says, "companies need to ask themselves hard questions about what business they are really in and develop a management system that helps support a continuous process of innovation."
Emeric Nectoux's insight:
"Continuous innovation argues is that in organizations today, it’s not good enough just to do continuous improvement and it’s not good enough just to be doing episodic innovation."
Agree with Brad, I've seen way to often people putting "continuous improvement" and "innovation" against each others. Both are needed and not enough by themselves, combining them through "continuous innovation" might be a way to really achieve needed changes.
"Change" is a complex recipe that requires a lot of different ingredients and know-how.
how to be creative when your creativity is blocked can depend on simply choosing appropriate creative thinking techniques to boost your creative inspiration (26 Ideas for a MAJOR Creativity Boost http://t.co/4j5Wdm075f...
The Internet of Things explains the network of physical objects and devices to their connections to the internet. How are the number of connected devices expected to increase and how will this affect the manufacturing industry?
That’s because in today’s technology-reliant business environment, the role of the CIO is evolving.
Emeric Nectoux's insight:
Not doubt about it, we are at the end of an era and at the beginning of a new one.
Every revolution, such as the prinery at its time by Gutenberg (1454) (which made the knowledge available to a wide audience, concluding the Middle Age era and initiating the Enlightenment era) or even the industrial revolution is the combination of two main factors: the available technology and a global willingness of change.
As lot of the protagonists, previous leaders will either change or disappear. As such, any CIOs need to make a choice: either stay in the past and remain the legacy operator or take another position as an enabler to this change.
Open Innovation has gained a lot of traction since Henry Chesbrough’s eponymous 2003 book. Simplistically, it can be split into two. The first, the vast majority, is inbound, where a business uses the assets of other companies to develop something new and take it to market. The second is outbound, where a company licenses its assets to somebody else to take to market.
Thinking through the management of innovation have you ever considered the Three Horizons approach? It is likely through this approach business leaders can adopt an evolutionary perspective across the entire innovation business portfolio.
If you are using a three horizons type approach to innovation, it becomes clear that you need to continue investing in innovative activities across all three time horizons, even if you’re in the middle of a present day crisis. To do this effectively, you need to have some idea of where you’re heading in the future, and that’s why I think it’s a useful tool for linking innovation to strategy.
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