Impact investing for social good through new innovation- a growing momentum?

July 27, 2011Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, Fresh thinking, gaining innovation momentum, Improve Collaboration & Communication, innovation execution delivery, Leading innovation, Shifting dynamics in innovation, Tackling innovation

A growing group of investors around the world are increasingly seeking to make investments that generate social and environmental value as well as financial return. Sound impossible?

Well, no actually. There is a growing recognition of the need for effective solutions to social and environmental challenges that have increasingly real threat and growing inequalities.

Impact investing or more often housed under the broader heading of “Impact Economy” is about finding the ways to combine investors, philanthropists, entrepreneurs and business executives along with governments in finding new and different ways to explore the changing economic and social landscape.

Through this emerging newer type of investing there is potentially that the promise of new jobs and profits, mixed in with improved social impact, can be derived from new innovation activities.

It needs this convergence and seems to be gathering in pace and broader recognition.

Renewing Innovation through the Social Innovation Agenda

July 22, 2011Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, gaining innovation momentum, innovation execution delivery, Integrated Innovation Thinking, Molecules, Shifting dynamics in innovation, Tackling innovation

The challenges are growing in their social dimension across Europe, the United States and a host of other countries, both developed and developing, that are needing new fresh responses.

Social demands will inevitably increase as nations are being confronted with budgetary constraints, increased deficits and mounting debts to resolve.

Social needs will become more pressing and innovation, social innovation, will increasingly explore opportunities to extract ‘more from less.

Innovation can play an increasing part in resolving social challenges that are increasingly confronting us.

Starting a new movement on social innovation in Europe

Recently I became a member of www.socialinnovationeurope.eu . I certainly feel this is going to offer something exciting and vibrant. It is a growing community of thinkers, creators and innovators with the knowledge and skills to change the way we face Europe’s most pressing issues.

Contributors to the site will take a strong hand in shaping the direction of social innovation across Europe, breaking down silos and raising a unified voice. I need to find my own part in this, as there are multiple ways for contribution, which I’m still presently figuring out.

How can we decouple growth and consumption through innovation?

July 15, 2011Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Antibodies, Fresh thinking, gaining innovation momentum, Leading innovation, Shifting dynamics in innovation, Sustainability

Some weeks back the International Herald Tribune (June 7th, 2011) offered a view by Chandran Nair, the CEO of Global Institute for Tomorrow, under the title “Can the planet support more Americas?

Then this week an article “Over-innovation makes US firms suck at Sustainability because they are too innovative” by Jens Martin Skibsted and Rasmus Bech Hansen (http://bit.ly/oGDObX).

Each makes me stop and come back to my deepening view we have to decouple growth and consumption through innovation.

This is not an easy subject but let me lay out some opening views and thoughts. Why bother? Well, I really do believe we need to radically change our approaches through the use of applying innovation in new ways.

These two articles added further to my personal concerns that we do need to (quickly) come out of the denial we seem to have in all societies. Innovation needs to be radically applied in new ways that alter the present mindsets of politicians, economists and business people who feel that the only path is continued consumption and growth.

This approach is simply not sustainable and we need to find a radical alternative that still offers all of us progress but in a radically altered world.

The two articles in summary first

Learning to absorb new knowledge for innovation

July 12, 2011Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, Foster Performance, gaining innovation momentum, innovation execution delivery, Integrated Innovation Thinking, Leading innovation, Polymers, Shifting dynamics in innovation, Tackling innovation

In a blog I wrote in November last year entitled “Moving-towards-a-more-distributed-innovation-model”( http://bit.ly/b38ixv)  I outlined some thoughts on the flow of knowledge in a distributed innovation model and discussed the Absorptive Capacities more from an internal organizational perspective.

Increasingly we are looking outside for new knowledge that needs internally managing.

As organizations seek increasingly outside their own walls, the appreciation of how they are managing knowledge, learning and interpreting this is becoming a critical aspect of open innovation to be successful.

There is a growing need to absorb, integrate and apply this in new and novel ways for accelerating innovation performance.

The more we seek, the more the knowledge increases in complexity as markets are rapidly changing. The more we are relying on knowledge flowing into the organization the more we have to strengthen our inter-dependence and collaboration efforts to extract the knowledge we are acquiring for it potential value.

Are organizations recognizing the value of structuring their knowledge flows? Do they have the right learning mechanisms to accelerate and exploit new potentials from this knowledge?

Organizations tend to be set up for incremental learning.

The forming of new structures- the business innovation ecosystem

July 5, 2011Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, Fresh thinking, gaining innovation momentum, Innovation Ecosystems, Integrated Innovation Thinking, Leading innovation, Shifting dynamics in innovation, Tackling innovation, Uncategorized

At present we are seemingly in a state of flux, we are learning to move from linear innovation models into more dynamic ones that are increasingly forming around innovation ecosystems to provide for new collaborative structures.

Our whole understanding of innovation is changing; we are evaluating and changing our existing focus from closed (internal orientation) into open (external orientation) thinking for accelerating and improving our innovation performances.

Regretfully we are not yet fully equipped to manage within these new innovation ecosystems. We need to give the factors an increasing focus and lead into a better emerging theory of leading or good practice.

Measuring innovation in different ways is becoming important

Innovation is swimming in uncertain waters

June 20, 2011Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, gaining innovation momentum, Integrated Innovation Thinking, Leading innovation, Molecules, Shifting dynamics in innovation, Tackling innovation

Innovation is very often swimming in uncertain waters that rise and fall just like the waves in a sea: they are choppy, demanding and exhausting to fight against.

As uncertainty constantly arises as we discover more, and expend more energy, the very nature of our original starting point set down in a well-thought-out, and well-crafted strategy actually begins to suddenly have a realization that needs a radical change in direction..

Then we are left with more ‘open-ended’ questions than answers. Welcome to real innovation where faith and belief play an important part.

There often seems to be constantly arising critical unknowns and sometimes all you are left with as your innovation emerges is just actually and simply a new starting point.

A new starting point as the concept is so different to cause you to rethink dramatically. Innovation and its journey of discovery take you into so many new areas you never expected when you first thought of the idea or concept.

What do you do? Do you abandon this or press on? What helps us maintain a commitment and a course?

Appropriate Innovation Makes Good Sense.

June 17, 2011Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, gaining innovation momentum, Integrated Innovation Thinking, Leading innovation, Molecules, Shifting dynamics in innovation, Tackling innovation

Innovation should always deliver on a specific purpose or promise, often it simply doesn’t. It needs to be suitable to our needs; it needs to resolve a given job-to-be done.

In the developed world we are consistently over-delivering innovation for many and there is a given cost to that, which we all pay for even though we often don’t really need it in the first place.

Take, for example, the software provided by Microsoft for its windows application, in its office versions, they all are over-specified for our personal needs.

The majority of these ‘sit’ on our computers taking up space and never used. This continued requirement which we are forced to constantly upgrade requires us to seek more computing power yet it is really inappropriate for most people’s needs.

Is innovation today expected as the panacea to solve all our problems?

June 16, 2011Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, gaining innovation momentum, Innovation strategy, Leading innovation, Shifting dynamics in innovation, Tackling innovation

I am getting increasingly disturbed., this week two people I know and respect have been talking about the innovation effect. Is innovation the business process re-engineering of our decade; is it part of a bubble like the dot.com boom.

Is innovation simply a fad and fashionable to talk up when we are in the present economic uncertainties? Is innovation durable or will executives move on to new ‘feeding grounds’ as they smell that possible wind of change?  Yes, possibly, I hope not. Innovation is still a very fertile feeding ground.

Innovation is meant to be the catalyst of fresh jobs, new growth and leading us all out to the promise land of wealth and security. Can we place such a burden on the slim shoulders of innovation?

Politicians here in Europe and America are using the past tool kit of tried and tested methods to kick start their economies, restructure the mountains of debt we have accumulated and generally stimulate growth.

Our economies remains stuck, entrenched and resistant, even some are about to possibly plunge even further back.  So it becomes “time for playing the innovation card”.

Sustaining is Pivotal to Making Innovation Progress

June 1, 2011Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, gaining innovation momentum, innovation execution delivery, Integrated Innovation Thinking, Leading innovation, Shifting dynamics in innovation, Tackling innovation

The greater challenge today with innovation is to build a more sustainable framework for innovation to be consistent, like a beating heart, day in and day out and pivotal to that is having a strong innovating driving framework.

The struggle is what constitutes the right areas to frame and build innovation capability upon? I argued last year in one of my previous blogs there was a formula. If you go to “A Formula for Sustaining Competitive Advantage through Innovation” at   http://bit.ly/95kCI1 it introduces this.

Now we need to align this further.

Triggering Robust to Resilient for Innovation Thinking

May 26, 2011Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Foster Performance, gaining innovation momentum, Leading innovation, Shifting dynamics in innovation, Tackling innovation

It is always interesting how one ‘thing’ triggers yet another thought, and then you reflect and learn something that helps you add a new kernel of knowledge and innovative thinking. This happened today while looking at the discussion topic for an upcoming #innochat that happens every Thursday at noon EDT, 5pm UK time.

The question poised is “Innovation isn’t working! Is it time we innovate how we innovate”. The facilitator is Graham Hill (@GrahamHill) who will attempt to moderate this session that is simply a flood of thoughts of 140 characters by anyone who wants to participate.

Everyone ploughs in, offering thoughts or exchanges and for one hour parts of the question get ripped up and tossed around, other parts, the less tasty ones, are just left on the table. It is a twitter ‘feeding frenzy’ for people who are involved (or simply interested) in innovation matters. Fun, relevant and topical.

Graham chose to provide within his briefing paper (www.innochat.com) a reference to Dave Snowden’s work. In this case from his Cognitive Edge Blog “Moving from Robustness to Resilience” http://bit.ly/kvDN5Y  which initially surprised me, and then I really began to understand one important aspect that I thought I’d share here. Thanks Graham!

Innovation is in need of a step change in approach.