value creation mechanisms

The Building Blocks of the Innovation Ecosystem Narrative

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There needs to be a fundamental shift in how we manage innovation, which needs the power of ecosystem thinking and design. Not only in thinking and design but in how we structure its architecture, one based on platforms, open apps, and a marketplace where like-minded people and organizations go and participate in building new impactful … Read more

Understanding cross-sector innovation ecosystem collaborations

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I completed a series of posts in April 2023, published on this posting site, on cross-sector needs when considering or working in innovation ecosystems.

To get to a good understanding of cross-sector innovation ecosystems collaborations, you need to take a very considered holistic view of what is needed in any collaboration, let alone cutting across sectors to generate a successful outcome. All the elements of skills, processes, tools, capabilities, and behaviors are essential in supporting an effective collaboration across sectors that need to be involved.

I have summarized the key points of these four posts; click on the links referred to. I have outlined the multiple needs to consider so you are more aware of the differences and needs of managing within an ecosystem of collaborators.

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Building Up to the Composable Innovation Enterprise Framework Validation

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Introducing the Compüosable Innovation Enterprise Validation

On Monday 12th June 2023 I made a proposal that innovation is in need of a radical redesign. The post was my “The Final Perspective: A Composable Innovation Enterprise Framework“. This recommendation had been built out over the past three months toward this final conclusion.

Here I want to summarize the posts that were part of this build-up, that build the compelling business case for the need to change our thinking about innovation.

I looked at the present limitations of existing innovation software, emphasizing the value and contribution that having more of an innovation ecosystem thinking and design and then introducing different more technology-related concepts such as building blocks, innovation stacks, and key component relationships built on a platform approach were highlighted and explained in these posts.

The “final perspective” post proposed the Composable Innovation Enterprise Framework as a comprehensive approach to addressing today and the future complexities of innovation management.

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Building the innovation stack

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The need to think of innovation stacks for new design concepts

Developing the innovation stack takes the view that innovation is a series of building blocks stacked on top of each other with different layers to work through. These stacks follow an established logic, such as working through idea discovery, relating to given problems, exploring solutions, and determining the final model or design and the execution delivery to achieve this. Combining these “building blocks” modularly in innovation stacks creates a unique design that adapts to your specific needs and goals.

Today, innovation processes are partly designed this way but are more rigid and hold knowledge often as “islands” within a possible solution. We can mix and match different emerging or established innovation approaches but sometimes miss valuable points and due to this lack of “being connected up” we lose flexibility, sometimes meaning and miss some of the potential value as the parts are not as well interlinked or dynamic; we screen out more than we add-in. Our approach today is to reduce complexity as early as possible and make decisions perhaps too early; we often stop the additional learning by further probing and gathering.

I believe in approaching innovation differently by combining the ingenuity of human and artificial intelligence in a more modern way, through the application of building blocks delivering specific API solutions, and innovation stacks that connect it all up, based on a technology platform that flows across all our innovation processes.

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Constructing the innovation mandate

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So often innovation struggles to be recognized for what it is. Innovation is a critical source of future competitive advantage. It is our ability to consistently capture, build and develop new ideas within organizations or in open collaborations with others that have a direct effect on revenue growth and the ability to provide future sustainability. So why is it not more central within an organization’s core?

This is part one of a two-part post around the construction of an innovation mandate.

We need to understand successful innovation actually touches all aspects of a business, by contributing to improving business processes, identifying new, often imaginative, ways to reduce costs, building out existing business models into new directions and value and discovering new ways and positioning into markets. To get to a consistent performance of innovation and creativity within organizations you do need to rely on a process, structure and the consistent ability to foster a culture of innovation.

The innovation mandate is often overlooked or undervalued.

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What value does an Innovation Ecosystem offer?

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Innovation ecosystems are gaining good traction to build out a more robust innovation management system that can offer the interconnected network of organizations the opportunity to create and commercialize new ideas, concepts, products and services. Participating in innovation ecosystems does have a number of advantages Having a purposeful innovation ecosystem, well-designed and built for highly … Read more

Innovation Walkabouts we all need for learning and testing ourselves

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photo credit: Walkabout (1971) film by Nicolas Roeg

How often do you pause for thought, testing yourself, questioning even simply for ‘just those few minutes,’  to allow yourself to openly challenge where you are and what you are attempting to do?

We keep relentlessly moving on, like a wandering herd of buffalo, always looking for fresh pasture, those new feeding grounds. It’s not good; we often hear and see things differently when we find the time to stand still.

Do you let those moments go? Do you ignore them, quickly pass over them, attempt to capture the issue as something worth investigating later, or just get them behind you in the here and now? We often do need to slow down and figure it out there and then.

Of course, I often get caught up in this restless pursuit of gathering more when I spend a growing amount of my time researching innovation. I keep coming across so many things that ‘trigger’ the thinking, pushing me to feel I am more often the “hunter-gatherer.”

By long-term habit, I keep reverting more into a hunter-gatherer, in my case, upon innovation insights, collecting the raw material that I am looking to translate and distribute as this growing knowledge stock eventually.

The outcome of appreciating both “reflective” moments and collecting more understanding I trust is moving me slowly towards becoming an innovation curator who, hopefully, is valued by others. Well, it’s a goal of mine.

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The power of ecosystem thinking for resolving the innovation complexity of today

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Applying ecosystem thinking to innovate complex and challenging problems

“Opening up our thinking towards ecosystems will have a powerful effect,

it alters the way we will approach problems today and in the future,

ecosystems offer a greater potential for collaborative growth, impact and sustaining innovating value”

Our understanding of innovation is changing; we are evaluating and changing our existing focus from closed (internal orientation) into open and far more collaborative innovation (external orientation), with our collective thinking offering the acceleration into improving our innovation performances, leading to higher chances of achieving greater impact and success.

The search is seemingly on to find greater value, which will increasingly coalesce around different innovation ecosystems. In many different ways, we need to form significantly more relationships that increasingly matter to each organization, add value and insight, and bring external expertise inside to work on ‘greater’ innovation solutions.

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Benchmarking Innovation Impact, from InnoLead

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credit InnoLead and KPMG

I have always welcomed the KPMG LLP-sponsored InnoLead benchmarking report; this is for the third year.

I received a note from Scott Kirsner, who leads the team at Innolead, and he offered me a chance to read the report before its official release today at 12 PM ET time and suggested I can post anytime, so here goes. This is longer as a post as this benchmarking report brings out a lot in my view.

This report provides a definitive innovation benchmarking document for leaders in strategy, R&D, design, and other innovation roles inside large organizations. It includes survey data, interviews with senior executives, and perspectives from KPMG leaders.

The report link “Benchmarking innovation impact from InnoLead” by @innolead and @KPMG_US does offer an excellent stimulating overview that still reflects on so much of what still needs to be done in the innovation world.

The report, as suggested in the opening Welcome by Cliff Justice, U.S. Leader, Enterprise Innovation at KPMG, does provide a variety of ideas and considerations for those seeking innovation understanding.

What was collected was 216 qualified survey responses from professionals working predominantly in innovation, research and development, and strategy roles, and conducted eight interviews with senior leaders at companies across a wide range of industries, including Colgate-Palmolive, Mastercard, NASCAR, and Entergy, the New Orleans-based utility operator.

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Where will Innovation Management Software go?

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Where will Innovation Management Software go?

This morning I decided to have an exchange on ChatGPT on the future of Innovation Management Software, I asked a number of questions in a short series and can well-relate to the answers provided incredibly quickly.

What do you think?

Do they make sense and are the suggestions a competitive threat or a trend towards a future that needs fully embracing before others do?

chat.openai.com/chat

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