Find your Marketplaces; they can be the secret to your success.

September 1, 2023Posted inBusiness Ecosystem Understanding, Innovation Ecosystems, Marketplaces, Network & Collaborating Effects, Platforms, Value Creation Dynamics, Value Designing

The theory goes you identify an Ecosystem of like-minded businesses that share a common need to solve a vexing problem, challenge or concept. Then, one party sets up a platform or gains the agreement of one already available, a neutral platform, to use it. Hence, it has all the technology, governance and structure to enable the group to communicate, exchange and build the (emerging) solution to work and then have the structure for it to (rapidly) scale.

The marketplace, the third part, often gets left to last when those achieving this new solution realize it needs a place for actual exchange, a thriving buyer/seller market.

Today, we have witnessed a rapid expansion of the Marketplace on offer. Marketplaces are increasingly being stretched, and the boundaries of their understanding keep extending. We have moved from simply listing, though, to transactional marketplaces ( travel, delivery), full-stack marketplaces (on-demand services- Uber), Market Maker (for homes, cars, jobs) into eCommerce(fashion, groceries) and Direct-to-Consumer( food, banking, wellness, lifestyle and eyewear)

By participating at an Ecosystem level, you are putting clear skin in the game; the platform provider tends to drive the roadmap, provide the governance and often play the lead role. There are so many “neutral” platform providers that much of the technology and engineering solutions can be resolved by using established platforms that many of the tensions, when ecosystems are formed, can fall away, allowing those working on a challenge to focus specifically on that and spend their time breaking down the IP and the returns, building the new solution.

Yet it is the role of the Marketplace that determines increasingly the success. Just reflect on some of the most prominent marketplaces. You have Amazon, Alibaba, Airbnb, Salesforce, Booking, eBay, LinkedIn, etc.

Ecosystems for innovating for a sustainable future, back to basics

August 27, 2023Posted inBusiness Ecosystem Understanding, Business Ecosystems, Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network Effects, Value Creation Dynamics, Value Designing

Sometimes, we need to go back to our original roots of thinking to remind ourselves and sometimes refresh the areas of focus we need to emphasise. Today, I focus increasingly on how innovation and ecosystem thinking and design need to combine in the Energy Transition.

I believe Ecosystems in design and thinking must form the future path to travel for innovation, collaborations, invention and growing cooperation. We need to think through more demanding challenges today that are highly complex and to do this with a higher degree of success in valuable outcomes. We need to open our thinking and minds and share knowledge to learn from each other.

A fundamental question to ask: “What do I need to consider for entering into an innovation ecosystem design?”

We need a new Energy Mantra- innovate, innovate, innovate.

We need a new Energy Mantra- innovate, innovate, innovate.

August 16, 2023Posted inAchieving innovation engagement, Energy Transition, Foster Performance, Improve Collaboration & Communication, Innovation Ecosystems, Shifting dynamics in innovation, Value Creation Dynamics

Energy is a vital part of any country’s ability to be competitive, and we need to recognize that to innovate is the critical enabler to a clean energy future. Today half the world’s capital is invested in energy and its related infrastructure, which is the backbone of any industrial and urbanization strategy.

We need to keep pushing for discoveries, experimentation, and demonstrating. We must nurture innovation and continuously look for ways to facilitate its pathway in the Energy Transition we are presently travelling.

Our economic prosperity will be determined by transforming the energy sector, and it is through innovation we will achieve this. To avoid the predicted consequences of climate change, the global energy system must rapidly reduce its emissions.

Most global CO2 emissions come from the energy production sector, our buildings or transportation systems, and the making of “things” still from fossil fuels. They all need a purposeful design of a new, cleaner energy system.

Innovation needs to be at the top of its game, to be accelerated and scaled.

The building out of the Composable Innovation Enterprise Framework.

August 1, 2023Posted inAchieving innovation engagement, amplifying the innovation signal, Building Innovation Capability, Business Ecosystem Understanding, Business Platforms and Ecosystems, Fresh thinking, Innovation Ecosystems, Shifting dynamics in innovation, Tackling innovation, Value Creation Dynamics, Value Designing

During May and June 2023, I worked through and concluded my thinking on why we needed to change our Innovation approach from far to often a linear one, and consider a new, more up-to-date, and dynamic solution for managing innovation, one that recognises the non-linear nature of so much of our undertakings today in innovation, from discovery to commercialisation.

I have called this the Composable Innovation Enterprise Framework– here is why and what went into this proposal that I feel should be adopted for managing innovation in the future.

As the investigation, validation, and viewpoints were built up over several posts, I felt summarising the series here gives you the appetite to delve into the posts themselves.

We need to shift our innovative thinking from static to dynamic.

We have been in very static, traditional approaches to innovation, very segmented and often insular, and as so often happens in innovation, it has complexities that seemingly grow and multiple changes, partly from what we discover in the development of new solutions but partly from far more rapid changes in the business landscape and our current innovation process often breaks down and limits the ability to manage this across the whole development to delivery lifecycle.

We need systems and processes that are flexible, adaptable, and can enable continuous improvements but are fully connected, transparent, and integrated across the entire business. We need to approach innovation differently through connected agility, have speed and automation more central, and provide roles for a great diverse set of participants.

A system that encourages forming strategic alliances, partnerships, and knowledge sharing to drive innovation and create shared value in open, thoughtful, and collaborative ways. This is where technology enables these connections and triggers different thinking in the quest for moving toward more extraordinary valuable solutions—the “connected” value of behaviours thinking ecosystems and operating on collaborative platforms.

The Building Blocks of the Innovation Ecosystem Narrative

July 26, 2023Posted inBuilding Innovation Capability, Business Ecosystem Understanding, Business Ecosystems, Ecosystems, Improve Collaboration & Communication, Innovation Ecosystems, Shifting dynamics in innovation, Tackling innovation, Value Creation Dynamics
There needs to be a fundamental shift in how we manage innovation, which needs the power of ecosystem thinking and design. Not only in thinking and design but in how…

The benefits of participating in cross-sector innovation ecosystems

July 19, 2023Posted inBusiness Ecosystem Understanding, cross-sector collaborations, Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Value Creation Dynamics, Value Designing
The Benefits of Participating in Cross-Sector Innovation ecosystems

I can remember getting completely “hooked” on Business Ecosystems by a series from Deliottes and one specific report, introduced and coordinated by Eamonn Kelley, with many contributors including Kelly Machese, Anna Muoio, John Hagel, and Larry Keeley. It was called “Business ecosystems come of age” and maybe it did not change my life, but it gave it a clearer focus- innovation ecosystems. Take a read, it is well worth it, its value then, 2015 has only matured in my mind.

I was also looking at another great piece by Deloitte on tapping into the Silicon Valley innovation ecosystem under a report called “How to Innovate the Silicon Valley Way” that came out in 2016. Another great motivation for focusing on innovation ecosystems.

One question asked in the Silicon Valley piece was “Why should enterprises give up transactional approaches in favor of dynamic, ecosystem-led innovation?

Today I would reverse that question “Why would any company still be locked into transactional approaches only functioning on its own resources?”

Today the struggle is to deal with increasing complexity, undoing the “knot” of difficult challenges and these cannot be undone or solved without collaborations outside one organization’s walls. We need to push this even further and totally accept that the hardest but best collaborations come from being involved in cross-industry or sector innovation systems.

Understanding cross-sector innovation ecosystem collaborations

July 9, 2023Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, Business Ecosystems, Foster Performance, Innovation Ecosystems, Leading innovation, Value Creation Dynamics1 Comment

I completed a series of posts in April 2023, published on this posting site, on cross-sector needs when considering or working in innovation ecosystems.

To get to a good understanding of cross-sector innovation ecosystems collaborations, you need to take a very considered holistic view of what is needed in any collaboration, let alone cutting across sectors to generate a successful outcome. All the elements of skills, processes, tools, capabilities, and behaviors are essential in supporting an effective collaboration across sectors that need to be involved.

I have summarized the key points of these four posts; click on the links referred to. I have outlined the multiple needs to consider so you are more aware of the differences and needs of managing within an ecosystem of collaborators.

Visualizing the Composable Innovation Enterprise Framework

June 27, 2023Posted inAchieving innovation engagement, amplifying the innovation signal, Building Innovation Capability, Business Platforms and Ecosystems, Fresh thinking, gaining innovation momentum, Innovation Ecosystems, innovation execution delivery, Integrated Innovation Thinking, Network & Collaborating Effects, Shifting dynamics in innovation, Value Creation Dynamics, Value Designing
The design concept of the Composable Innovation Enterprise Framework

After a series of posts introducing and explaining the thinking and design behind the Composable Innovation Enterprise Framework, I thought it would be a good idea to put this into a sequence of visuals that should take you through this to provide a decent understanding of its make-up and logic.

Organizations in today’s business environment need to adapt rapidly and dynamically, have the need to bring the innovation management process into a constant technological advancement, and be more tailored in its design by their own specific needs and not “offered” as a rigid set of solutions. We need to embrace a significant change in the way we “set about” innovation.

If you are interested in reading more in the series I have been posting then here are the links in the order of posting.

The importance here is recognizing the shift in mindset and thinking towards a Building Block approach to build up the Innovation Stacks. Each stack “sits” on a technology platform. Thinking through what this means requires understanding, relating, and putting a clear context of innovation, what you want to achieve, and how to set about this.

Building Up to the Composable Innovation Enterprise Framework Validation

June 14, 2023Posted inAchieving innovation engagement, Advancing innovation, Building Innovation Capability, Business Ecosystem Understanding, Fresh thinking, Improve Collaboration & Communication, Innovation Ecosystems, Integrated Innovation Thinking, Network & Collaborating Effects, Tackling innovation3 Comments
Introducing the Compüosable Innovation Enterprise Validation

On Monday 12th June 2023 I made a proposal that innovation is in need of a radical redesign. The post was my “The Final Perspective: A Composable Innovation Enterprise Framework“. This recommendation had been built out over the past three months toward this final conclusion.

Here I want to summarize the posts that were part of this build-up, that build the compelling business case for the need to change our thinking about innovation.

I looked at the present limitations of existing innovation software, emphasizing the value and contribution that having more of an innovation ecosystem thinking and design and then introducing different more technology-related concepts such as building blocks, innovation stacks, and key component relationships built on a platform approach were highlighted and explained in these posts.

The “final perspective” post proposed the Composable Innovation Enterprise Framework as a comprehensive approach to addressing today and the future complexities of innovation management.