Knowing your innovation core
I think we all recognize that innovation is made up of both tangible and intangible assets. It is the marriage of these two that makes innovation a unique capability to manage in well-structured ways. It is the people engaged in innovation activity that make it work. Everything else, the process, structures, technologies and management systems are just the contributing enablers.
The important point though is successful innovation has core elements and processes regardless of industry, form, or type of innovation, we are pursuing. Much of the difference though is in its varying degree’s based on these core elements.
Our search must be to find those core elements that make up the dynamic capabilities within our innovation activities to leverage and strengthen them. We need to build an organizations ability to innovation continuously, making it a sustaining competence.