The building blocks of open innovation building towards Business Ecosystem design.
By incorporating Open Innovation Strategies as the next building block, businesses can create a dynamic and expansive innovation ecosystem beyond internal and partnership and certain collaborative boundaries.
This approach supports a culture of continuous learning, adaptation, and external collaboration, positioning the organization for sustained success in an ever-evolving business landscape that recognizes and learns how to collaborate and co-create, moving towards recognizing the value of Business Ecosystems.
Embracing Open Innovation Strategies as the next building block complements the collaborative nature of Business Ecosystems and broadens the innovation landscape out into a world of new possibilities where collaboration, co-creation and cooperation become realised for building and delivering products, concepts, and services that have new unique value and impact.
Achieving Meaningful Change through Business Ecosystems
Several business organizations have committed to navigating complexity, fostering dynamism and originality in approaching innovation and business ecosystems.
These have been addressing and adapting to these rapidly evolving changes by quickly spotting and seizing the potential of exploring new ways to undergo business.
We all recognise that markets are changing, complexity is growing, and challenges are more formidable to manage without extended help. This requires all businesses to face rapidly changing business environments to design their response rates and abilities to react differently. How radical will this be?
It is the connecting up of opportunities with the ability to design the solution in highly exploratory and exploitative ways of learning that begin to break down complexity and see new ways to evolve. This is where Ecosystems in thinking and design come in.
By reacting and exploring, searching for change and competitive advantage, each company below has explored through technology and partnerships opportunities that build upon their Ecosystem’s unique strengths.
Resistance to Business Ecosystems does need to be broken down and addressed to realize the power of Ecosystem thinking and design and its growing value to Enterprises.
So why are we not doing this today?
Adopting any business ecosystem-centric approach involves a significant shift in mindset, culture, and organizational structures.
While some forward-thinking organizations have embraced aspects of ecosystem thinking, there are several challenges and barriers that hinder widespread adoption.
In the suggested Hierarchy of Business Ecosystems, recognizing the value of an interconnected series of (dedicated) Ecosystems that build out innovation, business, dynamic flexibility, and connected enterprise layers does need to address the natural instincts to resist the adoption of business ecosystems in the fear of sharing what we know, against what we often don’t know as it is outside our restricted view.
The question is whether we need to recognise the opposite; it is the need to embrace building a different approach to the new business needs of fast-changing markets, constant change and growing complexity and opening up to different and diverse experience and knowledge gives us the greater potential to expand and build out new potential opportunities.
Innovation’s power lies in the ability to adapt, evolve, and collaborate, and our need is to make this as much of a dynamic ecosystem as possible to tackle the growing complexity and challenges we are facing today and in the future.
In recent weeks, I have been deepening my thinking on innovation ecosystems and the dynamics within these that can make them different by giving them this “dynamic focus.”
So, it is time to embrace the power of dynamic ecosystems – where innovation excellence isn’t just a goal; it’s the very fabric of sustained success.
Dynamic ecosystems are not just about collaboration and innovation. They are also about adaptation and resilience. In today’s business landscape, where change is the only constant, businesses that can adapt quickly and effectively will be the ones that thrive. Dynamic ecosystems provide a framework for businesses to do just that.
Dynamic ecosystems are not just about individual businesses; they are about creating value for the entire ecosystem that businesses participate in.
Innovation thinking in Ecosystem and Gen AI design
I believe there is a real need to construct a different innovation process. We are rapidly seeing the past of innovating simply in terms of operating on our own.
We must question partnerships we have seen work in the past and ask if they are suitable for the future.
Innovation is undergoing a radical change, in opening up to technology, collaborative thinking and the value of generative AI thinking.
For me, ecosystem innovation and generative AI have arrived at that pivotal point to significantly influence future innovation design. It is where we need to question workflows and processes, as openness has become increasingly central to our thinking and development-building process.
Innovation needs reinventing. There are new ways to capture, extract and deliver value. Adopting ecosystem thinking combined with Generative AI will augment, automate and rapidly scale innovation.
I have been exploring this to support those recognizing change is happening to support this innovation transformation. This follows from several posts in building this into a new approach and thinking over innovation designs.
In today’s rapidly changing business landscape, the ability to build a strong case, stay informed, and think critically is the key to unlocking success and driving innovation.
For me, this landscape is marked by its dynamism. Here, market trends evolve, new technologies emerge, and consumer preferences shift lightning-fast.
In this environment, success isn’t just about being prepared for change; it’s about actively shaping it. But how can you empower those responsible for innovation to not only navigate this terrain but thrive within it?
We need to navigate a very different terrain that requires a deeper investment in skill development in a culture of continual learning.
During this week, commencing 15th October 2023, I am discussing and explaining a framework for building innovation ecosystems on my ecosystem4innovators.composting site.
I have been exploring for some time a transformative concept to move innovation into the world of ecosystems. I outlined my proposed innovation framework in the building blocks necessary. The extended series of posts over thirteen or so, are all here on this posting site, summarized in this post of “The building out of the Composable Innovation Enterprise Framework.”
The focus was on proposing to single entities, and now I want to extend this into the future need to build innovation ecosystems that enable and connect the essential components required.
Exploring the interplay between Humans, Technology and AI for design thinking
Why is design thinking regarded as so crucial to the future of innovation in a world of accelerating interplays between humans, technology and generative AI?
By embracing Design Thinking principles differently in the future of innovation, organizations can foster a more profound culture of creativity, empathy, collaboration, and user-centricity. This can lead to the development of innovative solutions that address real-world problems while considering the interplays between humans, technology, and generative AI.
Firstly, we have the interconnected global marketplace as our context
The change toward an interconnected and conscious global marketplace has been of significant importance, reshaping business strategies, consumer expectations, and societal values.
Energy is a vital part of any country’s ability to be competitive, and we need to recognize that to innovate is the critical enabler to a clean energy future. Today half the world’s capital is invested in energy and its related infrastructure, which is the backbone of any industrial and urbanization strategy.
We need to keep pushing for discoveries, experimentation, and demonstrating. We must nurture innovation and continuously look for ways to facilitate its pathway in the Energy Transition we are presently travelling.
Our economic prosperity will be determined by transforming the energy sector, and it is through innovation we will achieve this. To avoid the predicted consequences of climate change, the global energy system must rapidly reduce its emissions.
Most global CO2 emissions come from the energy production sector, our buildings or transportation systems, and the making of “things” still from fossil fuels. They all need a purposeful design of a new, cleaner energy system.
Innovation needs to be at the top of its game, to be accelerated and scaled.
During May and June 2023, I worked through and concluded my thinking on why we needed to change our Innovation approach from far to often a linear one, and consider a new, more up-to-date, and dynamic solution for managing innovation, one that recognises the non-linear nature of so much of our undertakings today in innovation, from discovery to commercialisation.
I have called this the Composable Innovation Enterprise Framework– here is why and what went into this proposal that I feel should be adopted for managing innovation in the future.
As the investigation, validation, and viewpoints were built up over several posts, I felt summarising the series here gives you the appetite to delve into the posts themselves.
We need to shift our innovative thinking from static to dynamic.
We have been in very static, traditional approaches to innovation, very segmented and often insular, and as so often happens in innovation, it has complexities that seemingly grow and multiple changes, partly from what we discover in the development of new solutions but partly from far more rapid changes in the business landscape and our current innovation process often breaks down and limits the ability to manage this across the whole development to delivery lifecycle.
We need systems and processes that are flexible, adaptable, and can enable continuous improvements but are fully connected, transparent, and integrated across the entire business. We need to approach innovation differently through connected agility, have speed and automation more central, and provide roles for a great diverse set of participants.
A system that encourages forming strategic alliances, partnerships, and knowledge sharing to drive innovation and create shared value in open, thoughtful, and collaborative ways. This is where technology enables these connections and triggers different thinking in the quest for moving toward more extraordinary valuable solutions—the “connected” value of behaviours thinking ecosystems and operating on collaborative platforms.
