Are we EVER going to embrace innovation?

May 3, 2023Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, Business Ecosystems, Ecosystems, Foster Performance, gaining innovation momentum, Innovation Ecosystems, Integrated Innovation Thinking, Shifting dynamics in innovation, Value Creation Dynamics, Value Designing2 Comments

Why have we not embraced innovation?

I will not apologize here; this will partly be a “rant” and then begin to suggest a way forward on embracing innovation fully.

I was thinking of having the headline “Innovation as our eternal doom or shame” or “innovation groundhog day”. Let me begin in why.

I really am fed up with constantly seeing claims that “innovation is core to our business” and that we are “constantly seeking fresh growth” Both of these are simply bullshit statements from the vast majority of our businesses.

Is managing innovation too complex or fragmented? Do organizations have a clear understanding of their innovation activities?

How many people are full-time employed in the innovation team, and how many in driving strategic growth? Ten, twenty, perhaps fifty out of thousands in medium to large companies.

In the bigger scheme of things, thousands within large organizations are working on innovation. These are from different functions such as R&D, Engineering disciplines, Technologists, Designers, Application and Digital. Do they work on standard innovation platforms or individually, left over from a legacy position or have they individually found a given application more suited to their specific needs?

Deepening the Thinking Around the Innovation Mandate – part two

April 26, 2023Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, gaining innovation momentum, Improve Collaboration & Communication, Integrated Innovation Thinking, Sustainability, Tackling innovation, Value Creation Dynamics

Building out the clarity of any robust innovations mandate needs a depth of thinking

Following on from my first post “Constructing the Innovation Mandate” we should look further into aspects of the innovation mandate that need considering and clarification

Any innovation mandate needs to consider what is meant by the following and provide explanations:

Corporate Objectives: The innovation mandate should clearly align with the organization’s corporate objectives and business strategy. It should articulate how innovation will contribute to achieving these objectives, and what specific goals and metrics will be used to measure the success of the innovation program.

Value Goals: Innovation should create value for the organization in various forms, including revenue growth, cost savings, improved customer satisfaction, and enhanced brand reputation. The innovation mandate should clearly define the value goals for the innovation program and how they will be measured and tracked over time.

Innovation Policy: An innovation policy provides guidance and direction for the innovation program, defining the types of innovation that will be pursued, how innovation projects will be prioritized, and how intellectual property will be managed. The innovation mandate should articulate the organization’s innovation policy and how it will be implemented.

License to Operate: License to operate refers to the organization’s social and environmental responsibilities and obligations. An innovation mandate should consider how innovation can help the organization fulfil these responsibilities and enhance its reputation as a responsible corporate citizen.

Constructing the innovation mandate

April 24, 2023Posted inAchieving innovation engagement, Advancing innovation, amplifying the innovation signal, Building Innovation Capability, Foster Performance, gaining innovation momentum, Improve Collaboration & Communication, Integrated Innovation Thinking, Tackling innovation, Value Creation Dynamics, Value Designing1 Comment

So often innovation struggles to be recognized for what it is. Innovation is a critical source of future competitive advantage. It is our ability to consistently capture, build and develop new ideas within organizations or in open collaborations with others that have a direct effect on revenue growth and the ability to provide future sustainability. So why is it not more central within an organization’s core?

This is part one of a two-part post around the construction of an innovation mandate.

We need to understand successful innovation actually touches all aspects of a business, by contributing to improving business processes, identifying new, often imaginative, ways to reduce costs, building out existing business models into new directions and value and discovering new ways and positioning into markets. To get to a consistent performance of innovation and creativity within organizations you do need to rely on a process, structure and the consistent ability to foster a culture of innovation.

The innovation mandate is often overlooked or undervalued.

Building an Inspiring Energy Narrative

April 17, 2023Posted inBusiness Ecosystem Understanding, Ecosystems, Industrial Ecosystems, Innovation Ecosystems, Network Effects, Platforms, Value Creation Dynamics

I struggle increasingly with individual energy organizations’ pledges to move their solutions towards a carbon-neutral future. The mixture of reports, initiatives, and viewpoints all move towards the transformation of the energy system, but they all admit or fail to address TWO crucial aspects.

Firstly the limited time we have to make such a transition in their offerings of new and different imaginative ways to change the current dynamics within our energy systems. Secondly, how each organization alone cannot achieve it with limited or no alternative suggestions to overcome this “constraint”. Well, this post is about one alternative, well worth considering.

One area of potential to bridge is the collaborations at the multiple firm levels. There is a weakness that deprives the ecosystem of a greater “collective action and innovation” to achieve a more accelerated pathway to the Energy Transition.

The Energy Transition has a rich network of complimentary ecosystems, all keeping the change moving at a ‘certain’ level of momentum, but is it good enough? I don’t think so.

The sheer number of Energy companies working on solutions within the Energy Transition is vast, varied and geographically spread. Each is struggling to get out of their (self-made) islands of knowledge to grow their business value through mostly individual innovation solutions.

We then have an Ecosystem of Governments and intergovernmental organizations providing policy suggestions and directions, offering sources of analysis, central data collection and interpretation along with proving reference and exchange points and forums. Then you have general and highly specialised Consulting firms, and investing institutions that are all constantly providing insights and supporting solutions.

We need to find new ways of collaborating and that means applying ecosystem thinking and platform solutions.

Achieving engagement outcomes from cross-sector innovation ecosystem collaborations

April 15, 2023Posted inBusiness Ecosystem Understanding, Business Ecosystems, cross-sector collaborations, Ecosystems, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Sustainability, Value Creation Dynamics, Value Designing1 Comment

This is the fourth and final post discussing cross-sector innovation ecosystem collaborations. It is primarily dealing with the benefits of collaboration and bringing up to a ‘given point’ a compelling value proposition for potential collaborators in understanding the basic building blocks to consider, for achieving the engagement outcomes required.

Within the series of four posts, I have been emphasising that cross-sector collaborations are becoming essential to our future in tackling highly complex challenging issues that need collaborative resolution, the necessary parts need connecting.

Yet to get to these cross-sector collaborations you do need to take a very considered holistic view of what is needed in any collaboration, let alone ane cutting across sectors to generate a successful outcome. All the elements of skills, processes, tools, capabilities and behaviours are important in supporting an effective collaboration across sectors that might need to be involved.

Achieving engagement outcomes from cross-sector innovation ecosystem collaborations

April 13, 2023Posted inBusiness Ecosystem Understanding, Business Ecosystems, cross-sector collaborations, Ecosystems, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Sustainability, Value Creation Dynamics, Value Designing3 Comments

This is the fourth and final post discussing cross-sector innovation ecosystem collaborations. It is primarily dealing with the benefits of collaboration and bringing up to a ‘given point’ a compelling value proposition for potential collaborators in understanding the basic building blocks to consider, for achieving the engagement outcomes required.

Within the series of four posts, I have been emphasising that cross-sector collaborations are becoming essential to our future in tackling highly complex challenging issues that need collaborative resolution, the necessary parts need connecting.

Yet to get to these cross-sector collaborations you do need to take a very considered holistic view of what is needed in any collaboration, let alone ane cutting across sectors to generate a successful outcome. All the elements of skills, processes, tools, capabilities and behaviours are important in supporting an effective collaboration across sectors that might need to be involved.

Approaching Cross-sector innovation ecosystem collaborations

April 12, 2023Posted inBusiness Ecosystem Understanding, Business Ecosystems, cross-sector collaborations, Ecosystems, Industrial Ecosystems, Innovation Ecosystems, Network & Collaborating Effects, Sustainability, Value Creation Dynamics, Value Designing1 Comment

In a series exploring cross-sector innovation ecosystem collaborations, this is the third post discussing different aspects and the approach to this that needs to be taken as my suggested starting point.

All the elements of skills, processes, tools, capabilities and behaviours are important in supporting an effective collaboration across sectors that might need to be involved.

Clarifying the design and common points is essential

Approaching Cross-sector innovation ecosystem collaborations

April 11, 2023Posted inBusiness Ecosystem Understanding, Business Ecosystems, cross-sector collaborations, Ecosystems, Industrial Ecosystems, Innovation Ecosystems, Network & Collaborating Effects, Sustainability, Value Creation Dynamics, Value Designing1 Comment

In a series exploring cross-sector innovation ecosystem collaborations, this is the third post discussing different aspects and the approach to this that needs to be taken as my suggested starting point.

All the elements of skills, processes, tools, capabilities and behaviours are important in supporting an effective collaboration across sectors that might need to be involved.

Clarifying the design and common points is essential

Specific skills and toolkits are needed for cross-sector innovation ecosystem collaborations.

April 7, 2023Posted inBusiness Ecosystem Understanding, cross-sector collaborations, Customer Seamless Experiences, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Value Designing1 Comment

This month I am completing a series on cross-sector innovation ecosystem collaborations. This is the second post that I am sharing here on my dedicated ecosystem thinking site and also through my paul4innovating posting site, which has different audiences to discuss this with.

For me, cross-sector collaborations are becoming essential to our future in tackling highly complex challenging issues that need collaborative resolution

Cross-sector innovation ecosystem collaborations do have real differences and I am to draw these out and my aim is to draw these out in this series.

Specific skills and toolkits are needed for cross-sector innovation ecosystem collaborations.

April 6, 2023Posted inBusiness Ecosystem Understanding, cross-sector collaborations, Customer Seamless Experiences, Industrial Ecosystems, Innovation Ecosystems, Knowledge Ecosystems, Network & Collaborating Effects, Value Designing1 Comment

This month I am completing a series on cross-sector innovation ecosystem collaborations. This is the second post that I am sharing on both my dedicated ecosystem thinking site and also through my paul4innovating posting site, which has different audiences to discuss this with.

For me, cross-sector collaborations are becoming essential to our future in tackling highly complex challenging issues that need collaborative resolution.

Cross-sector innovation ecosystem collaborations do have real differences and my aim is to draw these out in this series.