@paul4innovating | Paul4innovating Innovation Views

The backdrop of digital transformation and its consequences

Digital transformation is now omnipresent and has the potential to reshape the way all organizations operate.

The customer has become absolutely central to this transformation and the push towards the 4th Industrial revolution is driving this transformation wholesale, across all industries and services engaged in business.

Let me outline some of the challenges in my opinion that might help us all form a clear view of the digital transformation journey, recently researched.

Firstly I’m sure we can all agree transformation is very hard at the best of times

Digital transformation is doubly difficult, it forces us to work with mostly emerging, constantly evolving technologies, and then apply these in an integrated way into an existing business. This stretches our abilities significantly.

Beyond making a series of incremental improvements to become cloud-ready, we are supposed to reflect social, mobile and digital technologies. We need to fundamentally transform our processes by opening up and engaging with customers. On top, we have to deal with a broad range of communities, across platforms and in different ecosystems at speed, scale, and scope. However, we must do all this to reposition all our businesses towards the digital world.

I provided a recent digital transformation report that might help you in planning this digital journey.

Continue reading “The backdrop of digital transformation and its consequences”

The Global StartUp Ecosystem

The 2017 report by Startup Genome recently came out (April 5, 2017) You can find it here “Global StartUp Ecosystem Report 2017” which provides a 150-page review of the global state of startups. It is a really good resource to understand that not everything “starting up” is just coming from Silicon Valley, there are some vibrant startup ecosystems emerging all around the world, some most certainly near you.

The report goes into some depth of the top 20 places and then deep dives into others in America, Europe, Africa and Asia-Pacific. In all 45 cities around the world are nurturing startup ecosystems that are worth reading up about.

The report is copyright to the Startup Genome but I am sure they will not object to me quoting them in their goals for this

“Every city has the right to participate in the global startup revolution and reap the benefits of job creation, innovation, and economic growth. As this report documents, however, too many places are currently excluded from this revolution”

The aim of the report is to provide data-driven insights for startup leaders, investors, and the other ecosystem stakeholders like city leaders to capture and access policies and practices so they can learn from this research on what does and does not work, to build these startup ecosystems. Continue reading “The Global StartUp Ecosystem”

A light-bulb moment in Innovation Learning

Over the past few weeks, or is it months or is it even years, I have been constantly thinking through how we are learning in our innovation understanding. I have been struggling over this for a long time, looking to create a more compelling narrative and have only realized part of my ongoing difficulties was that I was coming at this the wrong way.

Firstly a narrative should be open-ended, there is no finite resolution yet to innovation understanding and secondly, it is for the intended audience to determine and relate, not the person presenting the narrative. For me, one light bulb went on.

The second light bulb moment came earlier this week. I was reading an article by Josh Bersin, called “the disruption of digital learning: ten things we have learned”. Josh is the founder of Bersin by Deloitte and this article was on one of his LinkedIn Pulse views. It actually stopped me in my tracks, it made me really think and recognize some of my recent shifts in my innovation focus was making real sense. The article alarmed me but it also ‘re-armed’ me. Continue reading “A light-bulb moment in Innovation Learning”

Innovation Mentoring versus Coaching

I lot of people get caught out in not knowing the differences between Mentoring and Coaching.

Equally, when you are in the coaching mode you need to guard against moving over to the mentoring mode unless it is conscious ways.

We are facing highly competitive environment changes. The key to the need of having facilitation is to bring fresher, more innovative and leading-edge solutions into any innovation thinking but it is often all about the blending of experiences and the relationship dynamics of those involved in this set of dialogues.

“For fresh vision and momentum, I need your past like you need mine”

The objectives are to deliver innovation understanding in both mentoring and coaching approaches Continue reading “Innovation Mentoring versus Coaching”

Innovations Degree’s of Connectivity, Interactivity and Sharing

We often forget it is our people that really make innovation work. They determine the ideas, drive these forward to deliver them as new innovation concepts into the world. People connect the fragmented pieces or dots within innovation from being random and intangible, into being explicit and tangible.

In the past we have often believed it is the genius laboring away in his lab that has made the discovery that has led to real breakthroughs in innovation.

So often in the past this lack of making the invention connection has often held many of us back to become engaged in discovery, ideas or contributions as we felt discouraged, as we had felt innovation can only happen in these ‘special’ places.

Most of us became disconnected with the early part of the discovery for innovation, we simply became just the implementors, pushing the innovation through the pipeline into its final execution. That can change if we are willing and able to challenge our past assumptions. Continue reading “Innovations Degree’s of Connectivity, Interactivity and Sharing”

Solving root causes of innovation blockage

So what does block innovation? Arguably there are plenty of things up and down organizations.

For instance a lack of resources, an overcrowded portfolio of ideas, a lack of dedicated people, treating innovation as a one-off, keeping it isolated and apart from mainstream activities.

Yet many are simply hidden and need surfacing and require often an outside perspective.

Here are ten really important barriers, that can hold innovation back. Continue reading “Solving root causes of innovation blockage”

Business Needs Innovation Ecosystems

The significant transformation taking place around exploiting technology and digital management has made ecosystems and platforms a mainstream prospecting need, in most of our businesses today. We must engage in what all of this means and its business impact.

I certainly believe the ecosystem approach will increasingly become the main value-producing stream for innovation delivery. Platforms, strategic partnerships, new business models all will be on the agenda of any serious global organization and ecosystems through platforms are the organizing environment to enact these.

Continue reading “Business Needs Innovation Ecosystems”

Is innovation really important to you?

How can we establish Innovation as the vital link to a process of change and strategic direction options? One that lifts the debates of managing today’s business by linking it into the future and then turning this thinking into a series of plausible and coherent set of activities?

Innovation can drive change, change is required. Without innovation, we progressively die, as we provide no option for change, no prospects of new, different growth. So why does it continually fail to happen?

We innovators certainly need a new model of change, for at least eight important reasons I can think of, that render what we have practiced in the past as obsolete: Continue reading “Is innovation really important to you?”

Setting yourself apart through Innovation

Breaking News: “Over the past 15 years, a portfolio of stocks based on the Innovation Leaders analysis has repeatedly outperformed all major indexes. Average return has been 14.5% CAGR and in 2016, growth was 18.9% – significantly higher than S&P500, NASDAQ and FTSE 100.

Year after year, this analysis has proven that those firms identified as being the most effective innovators consistently outperform their peers and the market.”

Now is that surprising?

It should not be but sadly for the vast majority of companies that do not treat innovation as seriously as they should, as the growth enabler, it keeps them in a constantly lagging position. It tells a very powerful message, one of investing in innovation seriously and in sustaining levels, you can grow well above others.

Points from this research

Continue reading “Setting yourself apart through Innovation”

Reflecting on our innovation practices

Innovation has been rapidly changing and much of its basics have been swallowed up by some newly defining frameworks that have raced up to the top of the innovation agenda. They have driven much of our thinking and reacting. It is right that we all respond to these but we often forget much of the rest of what innovation needs to be built upon.

The problem or challenge with this focusing upon ‘breaking’ practices or new methodologies, are they can be so much harder to master and build them into established positions and practices, without the right amount of debate, understanding and assessing the implications and impact.

Continue reading “Reflecting on our innovation practices”