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” “These are made up of the resources, processes, knowledge, and capabilities, that are constantly evolving and highly dynamic … More Defining Innovation Capital
The challenges of managing in today’s worlds are tough, very tough and demanding. It is so volatile, potentially disruptive and full of risk. Organizations are simply struggling to shed their clothes in the 20th century and find a way to smoothly manage to become more adaptable and agile in form. They are adjusting to offer … More The world is working within increased complexity, are you?
If someone came to you and asked the question: “tell me what makes up your financial capital?” I expect you could answer this fairly comfortably. It might need a little added help from your finance department but you could produce and show significant details that we are all ‘schooled’ to understand and generally have accepted, … More Understanding Your Innovation Capital- Well Do You?
Organizations have been focused for far too long around the importance of financial capital. It determines and drives organizations destinies. We are caught in a constant focus upon our achieving a return on our (financial) capital as our measuring criteria. Organizations strive for improving their ROCE, RONA, IRR, EVA and a host of other financial … More Struggling with counting ALL the sums of our capital
Much of my focus within my work is to move organizations towards recognizing and expanding their innovation capital or stock. The hard part for many organizations is that many of the key elements of innovation capital consist of many intangibles as well as tangibles and this needs deeper understanding and appreciation. These intangibles are in … More Understanding that innovation capital becomes your new core
There is a growing need for having some dynamic tensions within the organization’s system; these helps generate the better conditions for innovation to thrive. We are learning more on the better tools, techniques and approaches available for putting the learning tensions into our work, making them more dynamic, linked and … More Putting some dynamic tension into the system
Reduce the tension in the layers or structures for innovation to emerge. A really hard part of managing in larger organizations is in managing the layers and competing forces. Hierarchy dominates the speed of what we do. Often we forget to reinforce the very design within our organizational structures, we leave role structures incomplete and … More Innovation tension lies in our layers and structures