Tackling innovation | Paul4innovating Innovation Views

Defining Innovation Capital

My definition of what makes up innovation capital:

“Innovation capital is the sum of all that promotes the development and changes required for achieving innovation outcomes, within one organization or its broader networked environment, for marketplace advantage.”

The capital of innovation has many moving parts.

“These are made up of the resources, processes, knowledge, and capabilities, that are constantly evolving and highly dynamic to build greater innovating capacity.”

“These build upon the capabilities of ‘sensing, seizing and transforming’ to build new capital that focuses more upon the dynamics within innovation, that provide the true value creation in successful outcomes in the final product, services or executing within business models.”

We need to value both “stocks and flows” in equal attention to build innovation capital.

The ‘stock’ of innovation capital can render different productive value outcomes, is a bundle of the firm’s resources/assets and holds the renewal capabilities and they possess attributes that make it a “strategic asset.”

Innovation capital is made up of many different assets that are often context-specific and interconnected, and this makes it hard to build without taking a broader, more holistic approach to developing your capabilities, capacities, and competencies to innovate. You ‘map’ and align these to fit your strategic goals and aspirations; these provide the basis for the “flows.”

Each company needs to build its own unique capital stock. Continue reading “Defining Innovation Capital”

A pathway to building more dynamic innovation capabilities

To build a pathway to enabling more dynamic innovation capabilities needs to go through Nine Stages. These nine stages are, in my opinion, needed for developing an understanding of your innovation capabilities, so as to make them more dynamic and, as a result, to be at the top of your innovation game.

This “step process,” I believe, gets you to the point of understanding what innovation capabilities are a better ‘fit’ for the purpose, to deliver on your innovation needs on a consistent, repeatable, and evolving basis.

Building innovation capabilities take time; they are complex, highly structured, and multi-dimensional. Any structured approach to tackling innovation takes time and considerable commitment. Any learning involves sensing, seizing, and then transforming.

We are searching for what makes up the present system and what needs to be part of the future to create a ‘best’ innovation capability environment that is sustainable in the longer-term. Those that can be continually ‘orchestrated’ and constantly adapted to meet the strategic need. Continue reading “A pathway to building more dynamic innovation capabilities”

Energy technology needs more rapid innovation cycles

I have been consuming the latest flagship report, released today, 10th September 2020, by the IEA called “Energy Technology Perspectives 2020

The report’s comprehensive analysis maps out the technologies needed to tackle emissions in all parts of the energy sector, including areas where technological progress is still lacking such as long-distance transport and heavy industries.

It shows the amount of emissions reductions that are required from electrification, hydrogen, bioenergy and carbon capture, utilization, and storage. It also provides an assessment of emissions from existing infrastructure and what can be done to address them.

Within the work going into this report, the IEA has identified over 800 technology options that need to be further examined, explored, validated, and accelerated for the World to reach net-zero emissions by 2050. That is an awful lot of innovation to get us to a clean energy transition from where we are today.

Continue reading “Energy technology needs more rapid innovation cycles”

Do you recognize your innovators leaders position?

Recognizing your innovation leadership style

Often innovation succeeds or fails by the personal involvement and engagement of a ‘selected’ few. Recognizing the types of innovation leadership might help you manage the innovation work a little better.

So can you recognize the traits of your innovation leader?

Are they a front-end or back-end innovation leader? Here’s how you can begin to spot the difference.

Before we climb into this

I recall enjoying a book published a few years back, “Innovation Governance- how top management organizes and mobilizes for innovation”, written by Jean-Philippe Deschamps and Beebe Nelson. I can totally recommend it as it is so rich in thinking through much around innovation, placed within this governance framework. It lays out a clear improvement path for innovation to travel. I am drawing from this book on some thoughts about innovation leadership.

Continue reading “Do you recognize your innovators leaders position?”

We need to shift from scalable efficiency to scalable learning.

We need to shift from scalable efficiency to scalable learning but how can we liberate creative energy, how can we achieve higher engagement?

The best way is to encourage everyone to have the ongoing experience, to get really involved and caught up in projects and initiatives that have the potential for impact. Learning from failures needs to be part of this.

Yet the very best thing is to encourage connected minds for value-creating opportunities and knowledge sharing for innovation to flow across an organization. For this, we need to think about some modern engagement platforms that have ’engagement and knowledge’ at their heart.

Let me offer some thoughts on this engagement need. It is (really) valuable to relate too.
Continue reading “We need to shift from scalable efficiency to scalable learning.”

From MW to GW’s of Renewable Hydrogen using Electrolyzers

I was listening to a short chat between Armin Schnettler, the SVP New Energy Business, Siemens Energy, and Kevin O’Donovan. Kevin, without doubt, is an outstanding, knowledgeable technology evangelist for all things relating to the Energy Transition.
The two briefly discussed green Hydrogen and where Electrolyzers will fit within the future strategy of building a broader Hydrogen business. You can watch the 4-minute chat here on YouTube.
The conversation triggered several questions that I decided to find out about, research, and learn and covered in two posts, this one and one specifically on Electroyzers over on my dedicated Energy Transition site of https://innovating4energy.com

I certainly believe we will see emerging a lot of new inventions and innovations to get the Electrolyzer based on PEM technology Industrial ready. Continue reading “From MW to GW’s of Renewable Hydrogen using Electrolyzers”

The Innovation Intensity needed in the Energy Transition

The level of innovation intensity within the Energy Transition is a fascinating one and one I continually place more and more a focus upon.

One really critical source of reference for tracking clean energy progress comes from the International Energy Agency (IEA). The recent reporting back on the development of the energy transition we are undertaking seems depressing reading. We need to accelerate innovation and technology adoption.

We are so off track for much of the Energy Transition. if we are going to get anywhere near the Paris Agreement, and the below 2-degree climate goal set by 2050, we need to focus even more on transforming our energy systems globally.

The IEA’s Sustainable Development Scenario (SDS) offers a pathway for the global energy system to reach three strategic goals: the Paris Agreement’s well below 2°C climate goal, universal energy access, and substantially reducing air pollution. The IEA assesses the status of 46 critical energy technologies and sectors and offers some general advice on how to get “on track” with this SDS approach.

Presently there is a rising concern the Covid-19 has knocked us off a path.

In the short term, the dramatic economic downturn has given rise to seeing air pollution levels drop during the “lockdown” months, but as was seen after the 2008 /9 financial crisis when the economy came “roaring back,” so did the carbon emissions.

Continue reading “The Innovation Intensity needed in the Energy Transition”

The immediate shift in work and social norms needs innovation

Being in a personal crisis is one thing, but being in a global one is a whole lot different. So much is totally out of your control. You can rant and rave at some of the decisions have been made, or likely to come on some current performances.

Often you are left wondering where the insights or collective thinking was trying to offset the events that were unprecedented and scary but have now put us into such a massive economic downturn.

The decision to throw a protective shield around our health systems made sense, but the human suffering unfolding is going to be very tough on those that made these decisions, as it is to nearly everyone else. Facing this economic collapse is mindblowing.

We all are coming to grips with what this means in our working lives. We are in for immediate shifts in our working environment as we emerge from “lockdown.”

Innovation is going to become central to overcoming huge global problems of keeping our distance, inventing, and implementing the solutions to keep our “social distance” and know we are safe or not..

Continue reading “The immediate shift in work and social norms needs innovation”

The Energy Transition Needs A Structured Innovation Process

All of us are at present, caught up in the terrible spread of the Coronavirus (COVID-19). It is hard to think about other things when such societal and economic impact is hitting each of us every day.

In this period of such disruption, we do need to hang onto our beliefs, objectives, and goals, both short and long term. We are at a real point where we will be reshaping our economies, it is unlikely we will return to the ‘old’ normal.

Although we feel trapped in the present, worried over daily events and what they might mean, we must look beyond, we do need to look towards the future, to recognize there are challenges ahead but equally opportunities.

There is undoubtedly a time to find ways to come together. In recent years communities have become more polarized in their opinions, political positions, and choosing what to believe it. It is getting hard as truth is getting “blurred” more with this, often in such conflicting news.

A fact none of us can ignore is the planet, our world is undergoing significant change, and this is so much human-made. We can’t seemingly escape from daily occurrences of floods, famine, disease, and fires.

So far, 2020 has been a terrible year, the bushfires of Australia, the floods across many countries, the lack of rain, and the general “stirring” of mother nature. It seems mother nature is fighting back; it wants to bring the planet back into a balance.

One of our most significant challenges is to stabilize global mean temperatures. Continue reading “The Energy Transition Needs A Structured Innovation Process”

Understanding the Innovation Landscape needed for Enabling Technologies in the World’s Energy Transition

During this September to November 2019 period, I deliberately chose to have a 100% focus on the energy transition that the world is committing to as an undertaking, of reversing the rising global climate temperatures through a shift from fossil fuels to increasing commitments to renewables.

Renewables that give us greater sustainability and clean energy and dramatic reductions in carbon emissions.

I wrote twelve dedicated posts over this period, including this one, to highlight the important place innovation has within the energy transition that we are undertaking. View all the opening introductions on the “home page” and scroll down.

To have any chance to reverse these temperature rises there is an increasing emphasis on innovation solutions within the technology that is required for the Worlds energy system. Solutions are needed to shift from the world’s present reliance on fossil fuels to renewable cleaner fuels to stop the growing pollution and harmful effects of greenhouse gases (GHG) that carbon-emitting fossil fuels are causing to our planet and giving us global warming issues that are deeply worrying.

I drew down on many different resources to get my more in-depth understanding of an area that is partly passion and partly a business focus, but one resource has stood out for their detailed work on innovation and the energy sector’s needs. Continue reading “Understanding the Innovation Landscape needed for Enabling Technologies in the World’s Energy Transition”