Innovation Thinking and Resources - Exploring Dynamics Within Innovation Landscapes

Place Your Future Bets – Invest In Innovation Capital

By @paul4innovating August 1, 2014Achieving innovation engagement, Advancing innovation, amplifying the innovation signal, Foster Performance, Fresh thinking, Innovation Ecosystems, Leading innovation, Shifting dynamics in innovation, Tackling innovation

Recognizing the value of our innovation-related assets is where the smart money should go, and then we need to invest in innovation capital. To gain growth and improve productivity is through innovation. We need to translate knowledge into new values.

When you pause and consider the make-up of Innovation Capital you realize it makes such an economic contribution and in a report from McKinsey & Co, they have set about identifying this to produce the above summary, covering 16 countries, to understand the real value of this Innovation Capital.

These numbers are big and still don’t fully capture everything associated with innovation as much remains ‘hidden’ or ‘attached’ to other activities as well.
We need to shift our thinking on what makes up Innovation Capital

Recognizing your type of innovation leader

By @paul4innovating July 26, 2014Achieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, Polymers, Shifting dynamics in innovation, Tackling innovation

Often innovation succeeds or fails by the personal involvement and engagement of a ‘selected’ few- they make it happen as they are the heavyweights that have the final say.

We all need to recognize the type of innovative leadership personality within our organization, the ones we are working for, as this might help you manage the innovation work a whole lot better and attract the resources you need.

So can you recognize the traits of your innovation leader?

Are they front-end or back-end innovation leaders? Here’s how you can begin to spot the difference.

Combining four foundation pillars.

By @paul4innovating July 24, 2014Capabilities and Capacities, Dynamic capabilities, Exploratory Walks & Needs, System Solution models, The Big Challenges

We need to think about recognizing the ‘combining effects’ of four foundation pillars; of value creation (vc), business models (bm), intellectual capital assets (ica) and innovation capital (ic). It is the dynamics within the multiple combinations that will generate the future wealth creation we need.

We are in need of having a better understanding of the integrated value focal points of these four pillars combining, they need connecting so we can build the supporting structures and place the roof of need, our wealth creating one, to give us a new potential of harnessing our innate abilities to be creative. These four pillars offer perhaps a new core, a new transforming power, they make our activities connected and dynamic.

Struggling with counting ALL the sums of our capital

By @paul4innovating July 24, 2014Absorptive Capacity, Capabilities and Capacities, Dynamic capabilities, Fitness Landscaping Regimes, Outcomes & Expectancies, The Big Challenges

Organizations have been focused for far too long around the importance of financial capital. It determines and drives organizations destinies. We are caught in a constant focus upon our achieving a return on our (financial) capital as our measuring criteria. Organizations strive for improving their ROCE, RONA, IRR, EVA and a host of other financial measures.

As Clayton Christensen has been arguing the agenda of organizations begins and ends with the “search for numbers”. I think there is a time for changing this, we need to search for the knowledge that makes-up eventually the numbers.

There has been a distant voice for some time putting forward the need to appreciate and value the other capitals sitting within organizations. Much of the discussions have been housed under the term “intellectual capital” which denotes the sum of knowledge made up and contributed by our human assets, our organizational structures and our relationships that are developed.

These are the ‘capitals’ that transform into economic value through organization action. It is the financial capital that simply finances this.

Are we really measuring what matters?

By @paul4innovating July 24, 2014Capabilities and Capacities, Dynamic capabilities

Today, it is the non-financial performance, made up of mostly the intangibles within organizations, that is accounting for upwards of 80% of present investors’ valuation of our organizations.

Yet do shareholders really have the knowledge to judge the real source of value creation inside our organizations? I think not but they should. Does Management actually?

We lack a real line of sight into the true value of our organizations that make them dynamic

Building upon four key wealth creating pillars

By @paul4innovating July 20, 2014Achieving innovation engagement, Advancing innovation, Foster Performance, Integrated Innovation Thinking, Molecules, Shifting dynamics in innovation, Tackling innovation

Most rooms we enter have four sides and are traditionally built on a standard four-pillar design; they provide the structure to build upon.

Presently in many of our economies, particularly in the West, we are struggling to find real growth; we are limited in our wealth-creating possibilities.

Why is that? Our structures seem to be weak, not strong.

Exploring Diffusion and Adoption for Innovation – Part 3

By @paul4innovating July 14, 2014Achieving innovation engagement, Advancing innovation, amplifying the innovation signal, Foster Performance, Fresh thinking, Integrated Innovation Thinking, Molecules, Tackling innovation

The future within our engagements will determine diffusion and adoption- part three

One of my favorite books is “Dealing with Darwin– how great companies innovate at every phase of their evolution” written by Geoffrey Moore. It is well worth a read.

When you work through his other books and connect thinking of “Crossing the Chasm” and “Inside the Tornado” you really appreciate the learning stories coming out of Roger Moore’s studies of the Technology Adoption Life-Cycle.

We all need to rethink a lot as the new challenges come rushing towards us.

In his work, Geoffrey Moore talks about ‘traction’ and I think this is a great word for thinking about how to gain diffusion and adoption in product, service or business models, to gain market and customer acceptance.

Exploring Diffusion and Adoption of Innovation – Part 2

By @paul4innovating July 10, 2014Advancing innovation, amplifying the innovation signal, Improve Collaboration & Communication, Leading innovation, Molecules, Tackling innovation

The future within our engagements will determine diffusion and adoption

It is all about letting go but also grabbing more at the same time, and then finding ‘it’.

Technology has opened up the door to both scale and fragmentation and social business is the one pushing through this open door.

We are increasingly facing the Collaborative Economy everywhere we turn. Social business is becoming the denominator of success or failure.

We are needing to confront the new questions that are emerging
New rules are emerging – you could say new theories – and where are these fitting within the corporate mindset?

Exploring Diffusion and Adoption for Innovation – Part 1

By @paul4innovating July 8, 2014Achieving innovation engagement, Advancing innovation, Building Innovation Capability, Fresh thinking, Integrated Innovation Thinking, Molecules, Tackling innovation

The future within our engagements will determine diffusion and adoption- part one.

According to Professor Clayton Christensen and drawn from his book “Seeing What’s Next: Using the Theories of Innovation to Predict Industry Change”, by Clayton M. Christensen, Scott D. Anthony, and Erik A. Roth published by Harvard Business School Press, the only way to look into the future is to use theories.

“The best way to make accurate sense of the present, and the best way to look into the future, is through the lens of theory.” The theory of innovation helps to understand the forces that shape the context and influence natural decisions.

This might not be fashionable for many because as soon as you introduce “theory” into the discussion for many of my practical colleagues they want to dismiss it.

Going back to Christensen “good theory provides a robust way to understand important developments, even when the data is limited. “Theory helps to block out the noise and to amplify the signal”.

Diffusion of Innovation Theory is important for our innovation understanding

Putting some dynamic tension into the system

By @paul4innovating July 7, 2014Absorptive Capacity, Capabilities and Capacities, Dynamic capabilities, Natural & Unnatural tensions

There is a growing need for having some dynamic tensions within the organization’s system; these helps generate the better conditions for innovation to thrive. We are learning more on the better tools, techniques and approaches available for putting the learning tensions into our work, making them more dynamic, linked and increasingly relevant to the work to be done.

1). A common language is essential

Any dynamics in the system needs that ability to talk the same language, something that becomes common and embedded to support the routines and move quicker to the concepts and solutions, as others can ‘understand’ them as well. It is through working on the inner stories and appreciating the history, it is having an appreciation of events, good and bad, it is through local slogans, your jargon and dialogues that bring people together. The power of storytelling helps gain adoption and identification to those needs for working on a common cause.