Defining Innovation Capital

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

Struggling with counting ALL the sums of our capital

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

Understanding that innovation capital becomes your new core

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

9 Stages for building innovation fitness

Achieving innovation fitness is a journey- to get there we often have to manage the switchbacks as we build our capabilities and capacities to innovate. Getting Started – Understanding the Needs & Imperatives of Innovation Fitness Why we must travel this critical path for Innovation. The meaning of dynamic capabilities and innovation fitness landscapes Merging … More 9 Stages for building innovation fitness

Restating the Value Proposition of Innovation Fitness

I have been reviewing my work on innovation fitness landscapes, in the designing and understanding of the dynamic capabilities organizations constantly need to find, evolve and establish for sustaining successful innovation. Those that are more essential to manage the growing complexity in moving towards achieving successful and sustaining innovation outcomes. I felt it was time … More Restating the Value Proposition of Innovation Fitness

Holding the innovations of the future back

I clearly believe we do need to understand the strategic importance of the make-up of our innovation capital, yet presently nearly all our corporate boards lack any clear line of sight into this. Why? Not understanding what makes up the capital is holding innovation back. We are actually constraining growth through this lack of understanding … More Holding the innovations of the future back

9 Stages for building innovation fitness

Achieving innovation fitness is a journey- to get there we often have to manage the switchbacks as we build our capabilities and capacities to innovate. Getting Started – Understanding the Needs & Imperatives of Innovation Fitness Why we must travel this critical path for Innovation. The meaning of dynamic capabilities and innovation fitness landscapes Merging … More 9 Stages for building innovation fitness

Defining Innovation Capital

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 market place advantage” “These are made up of the resources, processes, knowledge and capabilities, that are constantly evolving and highly … More Defining Innovation Capital

Understanding that innovation capital becomes your new core

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

Struggling with counting ALL the sums of our capital

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

All the capitals ‘fire’ innovation so as to make it combustible.

More often than not when we talk within business of capital we tend to default to the financial kind. Of course providing the financial capital into innovation is vital; it provides the potential ‘burn’ but what is often understated and certainly under-appreciated is the other capitals. These capitals when combined ‘fire’ innovation, they make it … More All the capitals ‘fire’ innovation so as to make it combustible.

Establishing Distinct Capabilities for Innovation Success

The emphasis needs to be placed upon building distinct capabilities for innovation success. “the dynamics within the existing capabilities need to be fully understood and then you need to design the new capabilities on clear understanding of the direction, vision and mission required from innovation to be more successful in meeting the strategic needs”. Irrespective, … More Establishing Distinct Capabilities for Innovation Success

Greater fitness in innovation offers more value creation potential

The greater fitness you achieve equates to more value creation potential. The ability to inter‐couple landscape entities, to constantly combine the different capabilities in different often unique ways and exploit individual interactions alters your dynamics to innovate and does improve repeatable cycle times from this constant recreation potential. The key is to know what these … More Greater fitness in innovation offers more value creation potential

Understanding the value creation potential of fitness landscapes

The greater fitness you achieve equates to more value creation potential. The ability to inter‐couple landscape entities, to constantly combine the different capabilities in different often unique ways and exploit individual interactions alters your dynamics to innovate and does improve repeatable cycle times from this constant recreation potential. The key is to know what these … More Understanding the value creation potential of fitness landscapes

Nine steps leading to understanding your dynamic innovation capabilities

The Nine Steps needed for developing an understanding of your innovation capabilities to make them more dynamic. This is my adopted approach to work through this in a systematic way. No question, this is designed to make sure those involved take their time working through the different levels of understanding needed. A journey where you … More Nine steps leading to understanding your dynamic innovation capabilities

Innovation fitness dynamics – to engage with and recognize the need to change.

There is a continuing need is to build the management of innovation into a clear organizational capability, where innovation becomes a continuous effective innovation process. To this end I have produced a conceptual model of what constitutes the ‘make up’ for providing an ongoing innovation performance engine- the innovation fitness landscape and the dynamics– that … More Innovation fitness dynamics – to engage with and recognize the need to change.

The AC components that deepen the capacity to innovate

Generally, absorptive capacity should be focused on the capacity to make use of existing knowledge both internally and externally, placing the emphasis on the capacity to assimilate and transform it (often differently). It deepens the capacity that lies within an organization for exploring innovation further. The importance is to develop the ability to achieve “new … More The AC components that deepen the capacity to innovate

Achieving Business Relevance

The real need is for improving the business relevance of anything that is new. To quantify this, in general this should include to enhance, reduce, eliminate or improve: Increasing flexibility and efficiency. Managing knowledge effectively through the adaptive capacity framework. Increasing productivity and reducing time to market. Facilitating teamwork. Enabling on-line gathering of marketing information … More Achieving Business Relevance

Practical Approaches to Fitness Assessments

Finding practical capability identification requires a given approach: Initially a more path dependency one is explored, searching for existing routines, capabilities and knowledge (more backward looking) for factors that seem to have affected the past success. This then allows us to explore: Identification and classification of existing capabilities Identification and classification of required future capabilities … More Practical Approaches to Fitness Assessments

Identifying your critical innovation capabilities

My work on dynamic capabilities for innovation Over a period of the last thirty months or so, I have been studying and researching this whole area. I have some hypotheses that need testing but the outcome of this effort to date has got me closer to believing we can achieve greater identification with those distinct … More Identifying your critical innovation capabilities

So what are Innovation Fitness Landscapes?

“The greater the fitness to innovate will equate to more value creation potential.” I believe we do need to provide a solution to this understanding the innovation challenge by constructing a more comprehensive framework. Part of my present work is to find a working model to achieve this, I’m getting close. It is this critical … More So what are Innovation Fitness Landscapes?

An opening CSF for innovation

A brief overview of critical success factors for innovation to check against. The organization: structure of innovation processes to be explicit by treating innovation as a systematic process and continued ongoing process Keep innovation separate from daily work routine, remove barriers, give accoutability Set ambitious goals and a vision and combine these with small attainable … More An opening CSF for innovation

All organizations talk about innovation, but so what?

All organizations talk about innovation and its growing importance but few succeed in actually doing it on a repeatable scale. So what does inhibit innovation? What would drive innovation success? What aspects of innovation are critical to have so innovative growth can be achieved? Where should a company place its emphasis to gain both an … More All organizations talk about innovation, but so what?

Our Challenge is the need to build diverse innovation capability

Knowing what are the critical factors and there dependences for sustaining innovation success is vital to understand so an organization can place the appropriate resources behind them. The question is, which are critical, which naturally occur when others begin to be put into place, which seem to have limited or no real effect on changing … More Our Challenge is the need to build diverse innovation capability