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Times of change: 5 business trends to stay competitive

mjvinnovation

The following five business trends will help you stay competitive. Remote work is changing the global workspace. A large percentage of the workforce seeks job opportunities with flexible hours and some companies have already changed their policies to allow for this. Agile Practices. Agile practices are being used more than ever in organizations of all industries, sizes, and markets. Several agile methods and practices can be applied to businesses.

Everything is changing faster- can we respond differently in our Innovation work?

Paul Hobcraft

I was pondering some thoughts around the quest for growth, the demands for change, and the need to become nimble, agile, and more dynamic in what we do. We continuously want to change what we have, even when it patently does the jobs we need ‘it’ doing. Changing our ways.

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China the story of innovation and disruption.

Paul Hobcraft

We have so many on-demand services, products, fashion, groceries, cosmetics, food, banking, wellness, lifestyle, health and eyewear choices online, all changing our past ways of life. China is a highly dynamic and changing society, in constant change.

Lessons from Silicon Valley on Innovation and Engagement

IdeaScale

Innovation is a concept often tossed around in business strategy as an instrument of change. The era of the “data economy” is well and truly upon us, meaning that companies must be more agile than ever before. Adapting to change requires constant innovation across all industry verticals, and there’s no better Petri dish for innovation than the booming technology sector. Change management and innovation have been interwoven into the cultural fabric of Silicon Valley for years.

3 Types of Business Transformation for Surviving Rapid Change

Planview Blog

How can businesses stay relevant, prepare for future change, and survive in our rapidly changing world? With as much change as we’ve seen in recent years, it’s not enough for organizations to piecemeal new processes and ideas. Agile Transformation Creates Flexibility.

Our inabilities to adapt needs changing.

Paul Hobcraft

They become fixed, rigid and locked into their established ways, not adapting to the changes occurring around them. Then it becomes a mad scramble to transform ourselves, often with damaging consequences of deteriorating performance, battling more competition that are sensing our weakness, never capable of returning to those previous highs. If we can’t adapt to changing times, we simply struggle to survive, that is the growing reality operating in today’s environment.

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The Cascading Innovation Effect.

Paul Hobcraft

The richness of innovation lies not just in the well planned, but in the sudden discovery, the pursuit of a game-changing innovation concept often stumbled upon. This is where the engagement from the top of the organization becomes pivotal. Visual source; [link].

Innovation requires a more dynamic systematic approach

Paul Hobcraft

In short, innovation is the engine of change and in today’s fiercely competitive environment resisting change is dangerous. The key driver of the organization’s ability to change is innovation. This is what needs to change.

Agile Mindset: How to Use Sprints to Streamline Projects

mjvinnovation

Keep reading to see how successful executives are achieving results in their everyday business through incorporating agile methodologies like SCRUM! The agile mindset. Before we get into the agile mindset, we need to remember that it is linked to Agile Philosophy. Agile Philosophy came from the Agile Manifesto, when a small group of people got together in 2001 to discuss their feelings about the traditional approach to project management for software development.

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China the story of innovation and disruption.

Paul Hobcraft

We have so many on-demand services, products, fashion, groceries, cosmetics, food, banking, wellness, lifestyle, health and eyewear choices online, all changing our past ways of life. China is a highly dynamic and changing society, in constant change.

Forget Best Practice, Think Always Of Learning Next Practice

Paul Hobcraft

Here does lie a true competitive component and so many organizations seek to apply someone else’s practice so they can end up as “same” practice. We are facing such an unprecedented change and technology is re-writing the rule book in everything we are going to do. Change Management.

Agile Sprint: how it brings efficiency to your business

mjvinnovation

Agile practices transform business in multiple directions, providing powerful models of product and service creation, project management, and much more. In this article, you will understand what agile practices are, what benefits this approach offers to your company. You’ll also understand how Sprint’s approach, derived from Agile, can boost results. What are Agile Practices. Competitive advantage. Cultural change of the seed through delivery.

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The Cascading Innovation Effect.

Paul Hobcraft

The richness of innovation lies not just in the well planned, but in the sudden discovery, the pursuit of a game-changing innovation concept often stumbled upon. This is where the engagement from the top of the organization becomes pivotal. Visual source; [link].

Transforming What? Delivering Future Impact

Paul Hobcraft

The work to be done is how well it can adapt to change. In today’s global market, with its rapid technology diffusion, disruptive and constant change with an emphasis on servicing the work to be done is more important than the work done and intangible assets are fundamental to this.

BEING COMFORTABLE WITH BEING UNCOMFORTABLE

ImagineNation

Some of us have been hit very, very hard, by the impact of the pandemic exacerbated by the rate of exponential change. Be emotionally agile : learn to see yourself as the operating system, filled with possibilities, knowing that you are more than one part of it and flow with it.

A Simple Guide to Building an Engaged Team

Rmukesh Gupta

Premise: We don’t need tons of research to tell us the importance of having employees who are engaged in their work. The result of an engaged set of employees shows up when an employee goes beyond his call of duty to serve a customer or when a team gets formed organically to address some specific issue that has cropped up during the day. It is no surprise either when that having such an engaged workforce can and does become a true competitive advantage.

Applying the Three Horizon Thinking to a Fresh Perspective of Innovation Design

Paul Hobcraft

Can we find ways to be highly adaptable, agile and fluid in grabbing and taking the parts of the innovation system and constructing them into that design and process that works for that specific challenge? These help us to figure out what is changing. Today there is a relentless pace; we are facing a relentless change occurring. We run increasing risk that we begin to lose any dominance or competitive position increasingly. We need to make this case for change.

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Listening to your employees can give you more innovation, but also more engagement

ideas4allinnovation

Both those needs translate, and line up, within a corporate innovation program: gathering new ideas is very important, but what is even more important is finding the right ideas and getting employees to participate and become engaged in innovation. More engagement and talent recognition.

Swimming along a road in a flood of digital transformation

Paul Hobcraft

It is no more just the smart, nimbler upstarts threatening us, it is coming from all directions, at speeds that seem to increase the rate of change constantly. The blurring of our lives, of the breaking down of the different old industry demarcations, the blending of government, corporate and social engagements is giving increasing voice to each of us as individuals, all happening due to this exponential set of connections.

Innovation Ecosystem Understanding through an AI-driven approach

Paul Hobcraft

We look to engage in issues and challenges that give value and impact, sometimes it works, other times less so! Storyroom provides a set of unique datasets and AI to meaningfully connect concepts, ideas or thoughts, to drive awareness and engagement.

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Balancing Function, Design, Process and Structure for Creative Tension

Paul Hobcraft

So I hope I can help fill those gaps and explore the what, why and how of having a dynamic functioning design and structured process to meet today’s demanding and highly energetic world of constant change.

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The limitations, criticisms and new pathways for Design Thinking – Part One

Paul Hobcraft

In summary, I think design thinking is undergoing a revolution, a certain maturing but it is littered with a very messy, highly competitive present. Fun and engaging perhaps but it needed to be separated and contained. When you are asked to be flexible, agile, willing to experiment and often fail, sometimes publicly, this can take you into some very uncomfortable territory. Let me summarize where we are today in design thinking.

How Being Agile Can Help Your Company Win In The Post-Covid Economy

Planbox

To survive – and even thrive – in the post-Covid economy, companies will have to be faster than ever in responding to change. A proven way to do this is through the agile process. Deployed as part of a company-wide commitment to innovation, an agile approach can be transformative.

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DEVELOPING 21ST-CENTURY SUPERPOWERS FOR LEADERS AND TEAMS

ImagineNation

Whilst these represent the core and foundational business management and leadership roles essential to successful organisational performance, the world has changed significantly, and traditional organisations are being severely disrupted.

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How To Fail At Cultural Change

The Human Factor

According to the human capital research firm I4CP , more than half of the surveyed companies had recently or are currently undergoing a major cultural change. Unfortunately, less than 15% rated the change initiative as highly successful and only 1 in 25 said the venture was very highly successful. Not exactly what I would call a glowing report card for cultural change. Developed a change model that emphasized the values and behaviors needed: 42.7%

Connecting Innovation is the New Order of Play

Paul Hobcraft

There is a lot of change occurring in our innovation abilities. These changes are influencing all of our worlds, allowing a very different “connecting” innovation to come into play and provide ‘greater value’ Nothing succeeds in isolation anymore, it needs fully connecting up, to bring increased value to the market and customer needs. What is radically changing how we innovate? A more opening out, forming more connections into customers, engaging with them.

How To Fail At Cultural Change

The Human Factor

In my previous blog, I noted that 56% of the organizations that participated in a survey by I4CP, a human capital research firm, reported recently or currently undergoing a major cultural change. What I didn’t mention was that less than 15% rated the change initiative as highly successful (12.2%) or very highly successful (2.5%). Not exactly what I would call a glowing report card for cultural change. Defined and agreed to clear measures of cultural change: 34.3%.

Bringing User Centered Design to the Agile Environment

Boxes and Arrows

I had worked with SCRUM before, done training with Ken Schwaber (author 1 and co-founder of the Agile Alliance) and knew a few things from experience about how to achieve some success integrating a design team within SCRUM. I am not anti-Agile although I’ve been bitten a few times and feel trepidation when I hear someone singing its praises without having much experience with it. Where did Agile come from? Agile can be thought of as a risk-management strategy.

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Your Future Lies in Occupying the Innovation Job and Using the Skills it Provides

Paul Hobcraft

It is the pervasive power of technology integration that will change the business models of all industries. We need to manage reskilling and upskilling to mitigate against both job losses and talent shortages but prepared the future workforce to be more nimble, agile and fluid. We need to understand how to become more intrapreneurial, agile, and adaptable, and continuously seek out a diverse set of collaboration spaces as places where we can be seen, appreciated, and valued.

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Innovating HR: How Hackathons Foster Organizational Change

Qmarkets

That’s why we see a growing number of coworking spaces and accelerator programs, as part of a collective effort to figure out what we’ve all been wondering when it comes to 21 st century business: Can companies be both large-scale and agile? Speed and agility have never been more critical in today’s digital world, where globalization and technology have increased competition tenfold.

INNOVATION TEAMS DONT INNOVATE!

ImagineNation

In last month’s blog , we reinforced and validated the importance and role of collaboration, and described the range of emerging new, inspirational, and adaptive models that lean into complexity and catalyse and embed sustainable innovative workplace culture change.

Lessons from Silicon Valley on Innovation and Engagement

IdeaScale

Innovation is a concept often tossed around in business strategy as an instrument of change. The era of the “data economy” is well and truly upon us, meaning that companies must be more agile than ever before. Adapting to change requires constant innovation across all industry verticals, and there’s no better Petri dish for innovation than the booming technology sector. Change management and innovation have been interwoven into the cultural fabric of Silicon Valley for years.

Agile 20

BEING PLAYFUL AND EXPERIMENTAL TO CREATE AND INNOVATE

ImagineNation

Making the learning experience a playful and experimental one allows us to have fun, in ways that engage our multiple intelligences – our cognitive brains, and heart and gut brains in ways that create meta-shifts that challenge our mental maps.

Increasing innovation focus on the end-user segments within the energy transition story

Paul Hobcraft

This “transformational mix” gives rise to different innovation dimensions to explore, be these enabling technologies, new business models, different market designs, and changes in the methods of system operation that make up a broader innovation ecosystem of solutions. The changes are transforming energy management. These innovations are galvanizing change, but the vital part of any innovation change is managing the lifecycle design and transition, innovating end-to-end.

Relating to the New Innovation Era

Paul Hobcraft

Yet it is this recognition that the present is not working anymore with existing innovation systems, you do need to search for a real lasting change that does transform and connect all the parts into a new innovation designed ‘whole’ There are a number of intersections and driving forces that are coming together and what is emerging is this new innovation era. This does need a real change but can we achieve it? I firmly believe we are on the cusp of a new innovation era.

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Adopting a Rapid Digital Innovation Process

Paul Hobcraft

We do need to make some real changes. So we make a resolution to change something to improve on this constant catch up state we find ourselves in. We need to change our thinking and design in the digital insight part more specifically within and along the innovation process. Digital technology and transformation are changing the innovation ‘game’. Competition is changing, markets are blurring and customers are becoming far more vocal.

The chance to think differently about Ecosystems for Innovation

Paul Hobcraft

Ecosystems built around specific platform designs are the future of innovation that takes designs and solutions into a new realm of opportunity built on collaborative engagement and common missions. Knowledge engagement – the ability to attract knowledge into the organization, through greater content and value, through the people involved and the way we anchor and diffuse this new knowledge.

The sharks that prey are arriving a lot earlier now

Paul Hobcraft

Change is all around us, it is accelerating not abating. You often hear of volatile trading conditions, a more complex market and situations changing constantly and moving faster than ever. We do know we need to re-equip ourselves for constant disruption; we are really beginning to see a shift from the classic bell curve into more of a shark fin for adopting change. When the wind of change does blow we must adjust.

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What This Video Of A Drone Fishing For Tuna Can Teach You About Disruption

Faisal Hoque

Here’s what an agile mind-set’s made of. My method of doing business may have to change to incorporate a similar experience, or sooner or later I may be out of business. AGILITY: IT’S ALL IN YOUR HEAD. HOW TO PRACTICE AGILITY.

Video 52

What This Video Of A Drone Fishing For Tuna Can Teach You About Disruption

Faisal Hoque

Here’s what an agile mind-set’s made of. My method of doing business may have to change to incorporate a similar experience, or sooner or later I may be out of business. AGILITY: IT’S ALL IN YOUR HEAD. HOW TO PRACTICE AGILITY.

Video 52

CO-CREATING FUTURE-FIT ORGANISATIONS

ImagineNation

In last month’s blog at ImagineNation we opened the door to a threshold for a new kind of co-creative, collaborative and cohesive team spirit to catalyse change through “innovation evangelism”.

Is innovation really important to you?

Paul Hobcraft

How can we establish Innovation as the vital link to a process of change and strategic direction options? Innovation can drive change, change is required. Without innovation, we progressively die, as we provide no option for change, no prospects of new, different growth. We innovators certainly need a new model of change , for at least eight important reasons I can think of: 1. the inside, proactive change vs external, reactive impact).

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

A few years back, experts noted that the changes associated with the 4IR would come at an unprecedented rate yielding incredible results for those who truly embraced them. The biggest reason is dealing with the fear of the unknown – a lesson in 4IR change management. Many organizations are constantly meeting resistance to change, building some very mixed views of transformation and its lasting benefits. The internal change is slow.