Individuals equipped with Knowledge & Tools to drive innovation have a clear intent, excel in building robust concepts, efficiently manage resources, and succesfully bring their ideas to fruition.
People with a clear innovation intent have a guiding north star to direct their efforts towards impactful innovation initiatives by:
Understanding why to innovate - Acknowledges the importance of innovation across the organization and their contribution to achieve innovation targets
Knowing where to innovate - Understands where to focus innovation efforts in order to achieve targets
Knowing what projects get resources - Has a clear definition of the type of projects that will receive resource allocation
People who develop strong business concepts identify promising opportunities for growth and innovation, ultimately creating new value by:
Getting smarter about the business, industry, and future - Multi-sources ideas and intelligence from inside and outside the organization
Focusing on larger growth areas - Recognizes ideas that will anchor to larger growth areas and real differentiation
Combining ideas and insights to concepts - Combines and re-combines ideas and insights again and again to get a breakthrough
Prioritizing concepts - Analyzes internal and external factors to assess risk and determine actions for highest impact
People who efficiently manage resources build projects that are more impactful, innovative, cost-effective, and deliver results faster by:
Thinking differently - Adapts Thinking Style to work with teams and networks more effectively
Building teams and networks - Builds teams and stakeholder relationships to generate ideas, build concepts for the execution of projects, keeping them engaged while monitoring progress
Gathering and leveraging resources - Identifies which resources are needed according to the innovation project that needs to be built and how to obtain them
People who drive concepts to commercialization are nimble executors who capture the value of innovative ideas by:
Building artifacts - Generates compelling and attractive tools to be shared, evaluated and interated
Managing tactics for innovation projects - Executes rapid iteration of artifacts to develop the value proposition across the value chain
Driving concepts to launch - Masters the process of generating ideas, building concepts, validating them and driving them to commercialization
Aligning stakeholders - Drives execution around the work to be done with internal and external stakeholders
The lessons I learned from the dark days at Alibaba are that you've got to make your team have value, innovation, and vision. Also, if you don't give up, you still have a chance. And, when you are small, you have to be very focused and rely on your brain, not your strength.
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Jack Ma
Co-founder and former executive chairman of Alibaba Group