Where innovation value resides


Often surveys and reports catch you by surprise. I’ve been working through the Imaginatik Global Report called “The State of Global Innovation for 2013” and certain parts did exactly that. The sheer difficulties that organizations seem to have to quantify the benefits and value achieved through innovation worries me.

I had previously provided a review more on the Strategic and readiness part of the Imaginatik report, in my post “The coming age of innovation in 2014 and beyond” and less so on the other part discussed, the Process and Execution part.

It is the process and execution side that have more of the deeper issues to tackle and more importantly, the one’s that take considerable time if you are tacking culture and the environment to allow for innovation. They are far more complicated to provide answers too. I feel like pushing this along, here goes:

The Coming Age of Innovation in 2014 and Beyond


In May 2013 Imaginatik fielded an on-line survey to 204 business decision-makers across a wide range of industries and from these results produced a report “The State of Global Innovation, 2013” just released.

On Points — Wassily Kandinsky 1
On Points by Wassily Kandinsky

I have found this report to be really an excellent understanding of critical issues that still need to be addressed for innovation to deepen its position within organizations.

I’d written my own predictions for 2014 before I had  only just read this report  just recently released. This was in my last post “Heading for 2014, will innovation change?” I see an even sharper agenda emerging for me.

To Imaginatik, I really can only offer the highest compliments for a well-structured report, thoughtful in its views and tentative forward-looking conclusions. It helps me greatly.

**For me this is the outstanding innovation report of the year 2013**

The report covers a variety of questions around Strategy and Execution

 

Heading for 2014, will innovation change?

2014 visualSo we are heading into 2014. We are in the final month’s countdown before it arrives and it is that time to think about what 2014 is going to do and be, for us working within the innovation space.

Is Innovation finally moving beyond the previous constraints and boundaries we have been recently applying? As organizations really start to ‘ramp up’ their efforts for growth what will this mean?

Today and in the future we certainly know that innovation is about open, inclusive, full of exploration and harmonization to extract the best results across all that are engaged within their organizations. Getting engagement up in organizations is going to be top of the agenda and innovation can be a significant contributor.

We seem to have really grasped and recognized the combination-effect that comes from the myriad of different linkages that is propelling innovation activity and bringing increasing confidence within the boardroom. Innovation is within all our grasps, if we really want to grab hold of it.

Let’s look at some of the possible top-level trends I think we might see in 2014

Client Engagements – Full of Whipped Cream and Lumpy Gravy


So why did I call this blog post “client engagement- full of whipped cream and lumpy gravy?” Often both are ‘heaped’ onto the poor (final) solution found underneath the client- consulting engagement process. Both are layered on to mask the truth that the ones responsible don’t really understand how to make this process really work.

Managing innovation suffers from this an awful lot. We do need to understand all the ingredients that make up innovation, often we just try to’ top’ them off, failing to understand everything that needs to become part of the final solution.

I’m sure many of you have witnessed or been involved in poor client- consulting engagements. Often the root cause of poor end results within this process stems from a poorly structured engagement briefing process – my lumpy gravy.

This creates the effect of creating many problems in delivering back not the best advice or solution to the real problem, offering up the lashings of whipped cream to cover up the bland solution dish underneath.

The engagement process does still rankle for me as it causes many of the difficulties and tensions within the emotions that many projects seem to swing through –  trusted and distrusted — loved and despised — all in equal measure where many variations could be reduced with a little thinking and challenging.

Avoiding some of the pitfalls

So I thought I’d take a  look at some of the problems within the client – consulting engagement process that can mask what is really lying underneath.

Shifting attitudes, think responsibly.

ask questions figureHow do we engage within our own internal organizational communities to shifting attitudes and think in different, more responsible ways? How do we communicate our sense of purpose to the outside world? How do we integrate all the activities we are (or should be) undertaking as responsible leaders?

Are we working towards understanding the material sustainability issues better and linking them to financial drivers and where we fit within these complex issues?

There is such an increasing need to develop or simply updating our business language to build stronger cases for change, improvement and broader community engagement but these still seem to be missing.

How are organizations aligning their organizations not just with their own strategies but those in the wider world that contribute into a more sustaining future? We are needing to answer a fair few of these questions in my opinion.

The lack of engagement, of common understanding

Finding our true purpose



Finding True PurposeDon’t let anyone tell you it is easy to run your own business, it is far from that. I thought I’d write about what and where it has meaning for me in this “finding our true purpose”.

Here are some of my thoughts, some a little raw, others well-baked, even some half-baked!.

Running your own business is full of uncertainty, doubt and risk. Equally, though, you have a level of independence and this does permit you to respond quickly.

It can offer higher degrees of flexibility, allows you to pursue what you think clients really want, not what others above you are imposing as template solutions, or their personal views.

Finally, you can explore the options to deliver, as in my case,  services, in your own unique style that often work far better for clients needs.

You are not accountable to anyone, apart from the wife and the bank manager, always looking a little harder at you, that small business owner needing to deliver.

Innovation can be so remarkable if we can fully embrace it


What is so remarkable about innovation is that it can be highly dynamic.  It’s a task that anyone could do, given the time, education, clarity of purpose and commitments from our organizations, those that recognize the true understanding of the contribution all their people can potentially make towards innovation.

Today, too few people are actually allowed to work on innovation activities, yet the outcomes are ones that everyone wants, and certainly want to be part of. We all want that sense of belonging, of working on or in something that is exciting, dynamic and forward-looking.

We really do need to find ways to allow innovation to be part of each person’s daily jobs. Having a sense of purpose to improve or change something through innovation is such a powerful enabler.

Getting from where we are today, seemingly bogged down in many of the legacies of past innovation understanding, seems to me something we must tackle sooner than later also.

There is no time like the present to overhaul the existing innovation thinking and upgrade it with a faster, more focused innovating machine that yields greater returns due to this overhaul .

The transforming tide in digital for innovation.


Digital Discovery 2Can you imagine the CEO sitting opposite the consultant, explaining the organization’s present difficulties to regain growth.

They explain no matter what they are doing through the existing practices and the assorted business approaches they have taken for many years, they still seem to be ‘treading water’ or even losing ground. They are beginning to worry seriously about their future.

The consultant has heard this already so many time before  across many worried organizations. He looks right into the CEO’s eyes and (sort of) snarls back: “You can run but you can’t hide”. This was a famous quote attributed to Joe Louis before one of his boxing fights back in 1946.That might get a CEO’s attention! We are in a digital transformation evolution.

A time for new innovating buttons and threads


Buttons and thread Ten years ago I was in a collaborative effort with one of the major consulting firms on a concept called button and threads.

This concept caught my imagination and a number of important people in the Singapore authority the Economic Development Board , as well, as those responsible for providing the focal point in economic development where business, innovation and talent are nurtured. The “button and thread” concept was considered, partly for its simplicity in concept but its significant underlying value.

Regretfully the proposal died around the boardroom which was such a pity as it would have been years ahead of others. The idea was the more buttons you had connected, the more threads were created. It was through the integration of technologies and market creation, the missing ingredient is the means of designing them to help shape (and speed up) more effectively business evolution.

The idea was working on harnessing the intelligent use of the growing connections through better ‘adaptive’ agents to co-evolve, building connected relationships, adding to better judgement and decisions, positioning the organization into far more adaptive enterprise working in a thriving ecosystem.

Visualizing the innovating future through narrative reporting

The push for narrative reporting


How do we capture all the activities that have the potential to generate wealth within organizations?  Most remain hidden as they lie within out knowledge-based capital. This the second part of two posts (part one here) discussing our need to capture and report on ALL our assets, both the tangible and intangibles.

Knowledge-based capital today is more important to understand in its make up than often the reported financial numbers. One generates the other and investors need to see what goes into an organizations knowledge capital to provide them with continued confidence or not.

Recently the OECD provided an extensive report on “Supporting Investment in Knowledge Capital, Growth and Innovation

I spent a fair amount of my time this last Saturday working through this document from the OECD. No, it was not because I had nothing better to do, it was simply because it ‘points’ towards one area I totally believe needs resolving, capturing knowledge and where it resides and how it works.

Then we can begin to place increased focus upon improving the capabilities and capacities we all need for innovation to do its necessary work, that of regaining our growth and vitality in many markets. The problem is we often do not know which are the most valuable or critical to focus upon.