Unpuzzling Innovation

The purpose of “Unpuzzling Innovation – Mastering Innovation Management in a Structural Way“ is to demystify innovation puzzle in a structural way.

Chapter 1 Innovation classification: Digital innovation has a broader spectrum with hybrid nature including incremental innovation, evolutionary innovation, and radical innovation; hard innovations such as products/service innovation, business model or process innovation, and soft innovations such as leadership innovation, communication innovation, and culture innovation. The gap between incremental and radical innovation is huge both in terms of outcomes if successful and on how to approach.

Chapter 2 Innovation principles: Digital brings both unprecedented opportunities and risks to the businesses today. Every innovation-the creative pursuit has the risk in it. You're accepting risk for potential reward. Therefore, it is important to set principles for managing innovation and handling risk in a structural way. The principles and guidelines help to further frame processes, measures, and control.

Chapter 3 Digital innovators: Creativity is a high level of thinking and intelligence. Intelligence is the quick and clear perception of any situation, plus ability to adjust to any circumstances. It is contextual and multidimensional. Digital innovators present leadership skills, master at creative communication, understand what is wrong with the status quo, have the good sense and sound judgment to attract and surround themselves with the right people, and work collaboratively to do more with innovation.

Chapter 4 Connecting innovation dots: Creativity is infused with an inner cohesion and comes from a vision of uniqueness. Creativity is simply about connecting the dots. Creativity needs a problem, and a creative person needs a purpose.

Chapter 5 Digital innovation next practices: Digital innovation has a broader spectrum with hybrid nature, it is the incremental improvement- radical innovation continuum. It is hard to think of any innovation as not a hybrid, a combination of something old with something new or a number of new things.

Chapter 6 Innovation paradox: Innovation is to transform the novel ideas and achieve their business value. Innovation is not just about ideas or exchanging ideas, based on most of the innovation models, idea creation is only one step of the innovation process. Therefore, in a basic view, innovation is a process and every process needs to be managed.

Chapter 7 Innovation gaps and pitfalls: Innovation fails because, there are too many disconnects that occur between the birth of a vision/concept and the process of turning it into a reality. Innovation fails because businesses lack cognitive ability to think alternatives. The reasons why failure occurs vary widely. It is no wonder why many leaders are reluctant to act on bold ideas with good business potential due to the high likelihood of failure.

Chapter 8 Innovation measurement: The impact of innovations on enterprise performance ranges from effects on turnover and market share to changes in productivity and efficiency. The problem is often that the initiative is not well defined. Without well-defined goals, you won’t have the effective plan and enough time to generate results. So, it is difficult to measure the impact without taking the time to generate impact.