Deeper read or quick summary? Depends on the time we have.
So I’ve chosen two that challenge and break ground.
I was delighted to be invited onto a panel with GE at their R&D centre in Munich this week forming for me a connected enterprise and a world perspective that one rarely gets without being present and engaged with companies like GE.
Dubbed “Innovation Breakthroughs – Igniting Europe’s Growth” They were celebrating 10 years of the opening of the centre and as you arrived, you saw the cranes at work to double the facility as well as further deepen their commitments within the surrounding community even further.
We need to connect our knowledge and put these assets into solving grand challenges.
Lets focus on the bigger picture here.
Developing our knowledge and then putting it to good use gives us the potential for securing a competitive position- that goes without saying, perhaps.
Living in Europe offers us enormous history, diversity and a constant respect for the make-up of its different cultures.
Europe is a very proud continent forged from this history of competitiveness but it is grappling with its place in the global world where others seem to have a greater present-day advantage.
Nobody said innovation was easy and I was reminded of that recently. Innovation can certainly be, without doubt, fairly complicated in larger organizations.
What must not be forgotten is that we must manage the innovation activities across all the three horizons of innovation and that adds even more complexity.
What is ensured from this complexity is that you can expect innovation does get very entangled in balancing out the resources that are available and needed, to handle all the conflicting, competing demands placed within the innovation system.
For the innovation teams involved in the multiple tasks, getting this balance right and also trying to justify further support to keep all the activities progressing on time, is tough.
We need to exploit and we need to explore and those often require different mindsets or structures.
Each of the innovation horizons can demand different management’s attention for allocation, response and focus.
Horizon one represents the company’s core businesses today, horizon two includes the rising stars of the company that will, over time, become new core businesses, whereas horizon three consists of nascent business ideas and opportunities that could be future growth engines.
This link takes you to a series of discussions on the three horizons http://tinyurl.com/d97bkhh for a deeper explanation.
Dual needs are often conflicting