LEADERSHIP FOR INNOVATION AND GROWTH

It has never been easy to dream big at the enterprise level. Scrappy startups tend to dream big, while enterprises often seek to maintain the status quo. Market pressures and efficiency-first thinking tend to set a hard limit on the size of dreams. In addition, dreams and their influence on strategy are normally the province of the uppermost layers of management, while the tactical practicalities of execution are pushed down the level of project teams. Keeping the two in sync is challenging, to say the least.

Yet somehow, organizations that repeatedly bring fruitful innovations to the market find a way to work with structured and creative leadership at the same time. They learn how to make peace with an environment of volatility, uncertainty, complexity and – most critically of all – ambiguity.  Dramatic change takes strong leadership. Too often, potentially successful initiatives fall apart when:

  • Leaders don’t believe breakthroughs are possible
  • Leaders are not strongly committed to the goals of the project
  • Leaders don’t articulate their vision with sufficient urgency
  • Leaders interpret resistance, failure, or defeat as reasons to give up
  • Leaders confuse lack of results with lack of progress

Learning organizations must do more than brainstorm to bring new ideas to life. They must foster a culture of innovation throughout your management chain. Innovation360 can assess your innovative potential, coach your teams for better performance, and drive lasting change along all three innovation horizons.

  • Horizon one covers immediate and incremental improvements that return measurable impacts and keep the IT infrastructure at peak performance.
  • Horizon two introduces workable concepts that offer the greatest promise for expansion or market capture, assuring revenue for the future.
  • The third horizon is the most creative and expansive, commercializing applications from the second horizon in original and unpredictable ways. Although these ideas present the most significant potential, it will take precise and intelligent deployment of technologies from the first two horizons to get there.

We work with your teams to build the most effective coaching programs for individuals, teams, or academies for our larger clients. Innovation360 can integrate any of these programs into our full accreditation programs for enterprise level clients. That will allow you to have accredited internal innovation consultants and business developers on hand at all times. Accredited and licensed Innovation360 practitioners can assess your capabilities and competencies for innovation capabilities, culture, leadership, and strategy. Your organization will earn a personalized InnovationIQ score, which comes with a report detailing the optimal recommendations to redirect your organization for greater achievement.

An organization with a strong innovation culture will not only promote great ideas, but build out your core market value through business model innovation and strategic growth initiatives. Reach out to Innovation360 to lead your innovation projects in a brand new direction.

 

InnovationIQ Score

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Prepare to regularly revitalize your core value proposition through internal and external Innovation. This is more than just an ideal goal for the modern business. It is an essential survival skill in a hyper-competitive world.

How innovative is your organization in comparison with the rest of the industry? Where are your strengths and which capabilities need immediate attention? Where do you want to be by 2020? What’s the bigger picture for the long term?

Many critical thinkers over the years have observed that you cannot overcome your current challenges with the same thinking that brought you to this point. It will require a level shift in strategic planning to get ahead, but some organizations are better prepared than others to face this reality and move in new directions.

Fortunately, an Innovation Capability is something that can be learned and improved upon through iterative practice. It starts by reviewing your strategy, leadership, culture and capabilities for Innovation – all summarized within the InnovationIQ.

Using Your InnovationIQ

The InnovationIQ measures the internal alignment and external expression of your readiness for disruptive market turbulence on the road ahead. Each client will see their InnovationIQ score generated anew every year by one of our consultants or by one of our Licensed Practitioners and tracked for trend analysis.

It establishes a baseline to compare what is trending in your Innovation Index, which places your company within the larger context of Innovation challenges at the regional or country level.

Your InnovationIQ immediately communicates your readiness for the changes ahead to all of your key stakeholders – your board, your customers, your employees, tour talent market and the greater marketplace. You will be able to display your InnovationIQ anywhere from your website to your annual report, just as you would a great credit rating by Dun & Bradstreet or a “Great Place To Work”.

Based on their InnovationIQ scores and Innovation FootPrint from the InnoSurvey™, organizations can identify the priorities of their next strategic initiatives and start moving in the right direction. They can begin developing a long-term Innovation Culture that is conducive to practical creativity. They can foster the work of Innovation Leadership experts who are able to guide change agent teams in profiting from the pathways made and to avoid the mistakes of others.

The Basis of the InnovationIQ

To set an individualized baseline for development, we assessed the Innovative capabilities of more than 1,000 companies operating across 62 countries. Based on multi-faceted data analysis from our InnoSurvey™ database, we found it possible to distill the genetic components of fruitful Innovation for the business community.

These elements have been visualized and codified in the report called the InnovationIQ. Here’s a brief overview of the InnovationIQ scoring categories and their implications for strategy:

InnovationIQ 0-30: Lack of Innovation capabilities, no clear strategy, leadership or culture in place for Innovation.

InnovationIQ 31-50: Some Innovation capabilities in place. Strategy, leadership and culture should be developed further to empower Innovation.

InnovationIQ 51-70: Strong Innovation capabilities in place. Strategy, leadership and culture aligned with the Innovation capabilities, but there is room for major improvement.

InnovationIQ 71-90: Very strong Innovation capabilities in place. Strategy, leadership and culture are aligned with the Innovation capabilities, but there is room for minor improvement.

InnovationIQ 91-100: Superior Innovation capabilities in place. Strategy, leadership and culture highly aligned with the Innovation capabilities.

 

This score gives you insights into the specific Innovation Management challenges facing your organization in the context of changes to your industry. Data points cover potentialities in areas such as supply chain, service openings, customer engagement, value capture, and targeted learning channels.

Better Innovation Across 3 Horizons

We recommend best practices for assigning Innovative development projects across three horizons.

Horizon one covers immediate and incremental improvements that return measurable impacts and keep the IT infrastructure at peak performance.

Horizon two introduces workable concepts that offer the greatest promise for expansion or market capture, assuring revenue for the future.

The third horizon is the most creative and expansive, commercializing applications from the second horizon in original and unpredictable ways. Although these ideas present the most significant potential, it will take precise and intelligent deployment of technologies from the first two horizons to get there.

Innovation readiness analysis should concern itself just as much with internal processes as with external offerings. Your InnovationIQ score will indicate which areas could profit most from new approaches, both in terms of profitability and market share.

From there, you can go on to reimagine the interactions of your high-performance teams, as well as, test business prototyping sessions. There are many pathways that lead to streamlining workflows and ensuring stronger revenue streams. Initially, they all begin with an assessment to evaluate how ready you are now to seize new ideas and make them work.

If you want to assess your Innovation readiness and get an InnovationIQ, contact us directly and we, or one of our nearby licensed practitioners, which are currently in 20+ countries today, will help you.

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The Swedish-American Chamber of Commerce proudly invited top executives and influencers to this exclusive workshop held at the Swedish Embassy in Washington DC in corporation with the Swedish-American Chamber of Commerce, Magnus Penker and Peet van Biljon. This video explains ideation, innovation management and the three horizons.