Building the future business | Navigating Intelligent Business Ecosystems

Connecting innovating value comes from Ecosystem thinking

May 7, 2022November 9, 2020 by @paul4innovating

innovation comes from ecosystem awareness

Ecosystems can offer so much connecting innovating value out there to ‘form’ around.

We are witnessing a very radical change, driven by technology, increasingly disrupting and breaking down past traditional boundaries, partly built to defend positions so as to achieve economic scale.

There is a new economic logic to building even greater scale, it involves greater complexity, yet its value proposition is to strive towards offering greater customer experience and satisfaction, where the solutions are valued highly in social and economic value.

Ones that get closer to their connected expectations and daily needs for solutions to solve, in far better ways, than what is presently offered.

Innovative design has become paramount to these new offerings.

Ecosystem design will create new business opportunities. We need to make the business case

We are searching for new pathways

June 30, 2021November 2, 2020 by @paul4innovating

Ecosystems and Platforms are our pathways to a new innovation future. Ecosystems have suddenly become of age, as they can be formed around common concepts fairly rapidly, they can enable cross-cutting innovation to be delivered in highly collaborative ways. They can, through shared platforms achieve a closer relationship with the customer, to understand their needs and experience through increased collaboration, and engagement.

Connecting and collaborating opportunities for business seem to be really powerful networks of value-adding effect, for finding new economic opportunity. This calls for some radical rethinking of the existing business and deciding the design of the future business. We are at a critical point of change. Business needs to explore the future is far more highly collaborative ways.

This calls for thinking through a different designed structure for the business and different skills needed. The shifting from the current state to the future designed state is no easy task. It requires a radical redesign of the organization, as it significantly increases complexity and where any digital transformation has to center upon as the critical enabler to enable this shift.

Clarifying the new critical capabilities

Defining Innovation Capital

June 30, 2021October 30, 2020 by @paul4innovating

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.

A pathway to building more dynamic innovation capabilities

April 27, 2022October 11, 2020 by @paul4innovating

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.

Innovation needs the power of completing the 4th Industrial Revolution

June 30, 2021October 5, 2020 by @paul4innovating

We first need to recognize that there are twin forces at work, feeding off each other. We are facing greater disruption and an increasing innovation pace.

These twin forces are constantly seeking out for combining, relentlessly adding the new shape to our future. We are caught up in a very revolutionary period. The prospect of new innovation potential will eventually work through into the world of Industry 4.0 as a major game-changer “.

Innovation is ready for those accelerating and being fully committed to their 4IR journey. Then innovation can finally play its true part in discovering, leveraging and delivering new value and impact.

We have to recognize the days of simple product innovation are dwindling. where technology, digital solutions, greater customer insights, where a new breed of designers, engineers, scientists, and software talent are combining built through a platform and new innovation ecosystems thinking, are all emerging.

Energy technology needs more rapid innovation cycles

June 30, 2021September 10, 2020 by @paul4innovating

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.

Do you recognize your innovators leaders position?

June 30, 2021August 24, 2020 by @paul4innovating

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.

We need to shift from scalable efficiency to scalable learning.

June 30, 2021August 19, 2020 by @paul4innovating

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.

Those that learn to frame the Strategic Innovation discussion are the big winners

May 7, 2022August 10, 2020 by @paul4innovating

discussion

Constructing an innovation conversation framework is never easy, we all come at it in different ways and when it comes to those strategic conversations, we feel a sense of panic and growing tension as our messages begin to fray at the edges and slip more into tactical, the more we talk.

If you just diving into innovations, this sort of strategic conversation can change the goalposts, alter the perspective, and can give the innovation a more focused framing to build propositions around. It enables you to stand out as you are able to articulate the “bigger picture”

The framing of an innovation conversation framework

Forget Best Practice, Think Always Of Learning Next Practice

June 30, 2021August 3, 2020 by @paul4innovating

Often you hear the request made: “Can you give us a best practice snapshot; we would like to get a sense of where we are”.

The trouble with best practice is you are looking at someone else’s practices and these are highly individual, made up of different groups of methodologies, processes, rules, theories, values, and concepts. These together have provided that specific company a level of success that others – mostly competitors – begin to notice.

There is no such thing as what they have it, you need to copy and have the same.

We all get caught up in best practices, you can’t simply pick up and plug and play, as one organization’s initiative is never the same set of conditions or positioning that others can simply copy.

We desire the “one-size fits all” as a comfort blanket, it makes our innovation lives easier. Many consultants love this request, as they do not need to apply the real skills of discernment, subject matter expertise, and the difficult challenge of peeling away a client’s practice to understand how they can rebuild them to become unique, into a leading practice that cannot be copied.