Welcome to July 2023 edition of the XIth volume of Carnival of Quality Management Articles and Blogs.
The theme for the XIth volume of our Carnival of Quality Management Articles and Blogs is The Defining Trends of Quality Management – An Analytical Survey.
Presently, we take up the concept of Structured Innovation ….
Normally, innovation is the creative ability of the individual., hence unpredictable and perhaps unique to that individual. Even most creative individuals also follow a structured approach to continually foster their spirit of creativity. Organizations need to be even more structure to sustainably create innovation.
5 reasons for a structured innovation management approach[1]:
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- The weakest link determines performance.
- Not urgent today, but important for tomorrow
- Inadequate incentives and rewards for success, as well as failures
- Need for effective and efficient improvement systems management.
- Want to be better than the best.
XXII ISPIM Conference paper, Collaborative Trend Management, suggests the following components of structured innovation management:
ISO has issued ISO 56002:2019 which can serve as Innovation management system to provide guidance for the establishment, implementation, maintenance, and continual improvement of an innovation management system for use in all established organizations. The systems approach to innovation management recognizes that there are several interrelated and interacting elements or factors in an organization that must be in place to ensure innovation success.
Read more about the systems approach to innovation management and how to implement an innovation management system.
Also:
Introduction to innovation management system
The systems approach to innovation management
The Structured Innovation has also been described as a tale of two cultures comprising: front end innovation and back-end exploitation. Front end Innovation focuses on defining the innovation opportunity or the problem that hasn’t properly been solved and finding better ideas to solve the problem. Back-end exploitation focuses on taking the strong concepts developed during front-end innovation and developing business model s and adoption strategies to take the solution to market.[2]
BMGI’s Structured Innovation and D4 methodology provides a framework that assists in identifying an opportunity for innovation right through demonstrating value of the embodied idea as a product or service.
A well-thought-out innovation structure is an essential component of the successful innovation process. However, this does not mean that a completely new structure has to be created. A new procedure or a new team composition can already be sufficient.[3]
The structured innovation has to be made a way of the life. The Sustained innovation is a high-productivity state in which an organization strives to innovate in all aspects of its business, including management, divisions, operations, customers, and suppliers. It requires a seamless, structured management approach that begins with board- and CEO-level leadership and connects all the way through technology investment and implementation. Above all, sustained innovation is a journey, not a destination.[4]
More Reading: Shaping the Future of Innovation
Business model innovation is the art of enhancing advantage and value creation by making simultaneous—and mutually supportive—changes both to an organization’s value proposition to customers and to its underlying operating model. At the value proposition level, these changes can address the choice of target segment, product or service offering, and revenue model. At the operating model level, the focus is on how to drive profitability, competitive advantage, and value creation through these decisions on how to deliver the value proposition:
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- Where to play along the value chain
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- What cost model is needed to ensure attractive returns
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- What organizational structure and capabilities are essential to success[5]
Regardless of industry, geography, or size, the organization need to keep innovating its business models[6]:
One of the reasons projects fail miserably is because, we choose to ignore warning signs in early-stage gates and keep pushing it through until it is too late and too big to handle. Therefore, Managing Risk in an Innovation Project becomes imperative. The well-defined risk management process:
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- Identifies the makeup of a review team and lays out the decision criteria upfront,
- Provides a forum and timing to discuss and approve any scope changes,
- Clarifies and adapts the roles & responsibilities during execution,
- Facilitates informed decision making for the continuation of the project based on the availability of resources, business case, and risk analysis, and
- Identifies intellectual property and other business protection needs.[7]
More reading: Top 7 Reasons Why Innovation Fails in Organizations?
Some More Reading:
Innovative Organizations: Structure, Learning and Adaptation – Alice Lam
The Credera Brief series – to distil the trends and ideas to meet the toughest business challenges and to share different insights and perspectives across the spectrum,
HBR report: “Business Transformation and the Role of the CIO.”
HBR articles @ Competitive Strategy
Innovation Management website
Innovating India – In pursuit of Global Leadership by IBM Institute for Business Value
We will now turn to our regular section -.
We now watch ASQ TV episode on –
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- 2023 Standards Update – an update on what’s happening—and what COULD happen—this year in so far as some important ISO standards are concerned.
Finally, we take up the article ‘From the Editor’ (of Quality Magazine) – by Darryl Sealand:
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- Maps Have Been Helping Us for a Thousand Years – The concept of the map has not been limited to just physical locations. Just think about any activity that would or should be repeated by others. As the old adage has said, what if no one had followed Columbus’ journey to the New World? As frustrating as it may sometimes seem, what if no one had provided any instructions for putting together that end table or bookcase? What if no one had documented that manufacturing process to help ensure the creation of a high-quality product? What if no one laid out “a road map to achieve organizational excellence and build a culture around it?”
Thanks to the concept of maps, we do not need to ponder these questions, particularly the last one. According to authors Hung Le, Ph.D., and Grace L. Duffy, “Building and improving a culture of organizational excellence requires a systematic approach. A robust model is required to achieve and sustain its performance goals. Organizations must assess the maturity of their processes and organizational readiness to implement such a methodology before embarking on the journey.”
I look forward to your views / comments / inputs to further enrich the theme of The Defining Trends of Quality Management – An Analytical Survey.
Note: The images or video clips depicted here above are through courtesy of respective websites who have the copyrights for the respective images /videos.
[1] 5 Reasons why innovation needs structure
[2] Structured approach to innovation pays off big time – Dimitri Markolides, SCP and Structured Innovation Leader, BMGI
[3] How a structured innovation process creates creative ideas – Brian Fried
[4] How Successful Companies Sustain Innovation – By Faisal Hoque
[5] Business Model Innovation – Boston Consulting Group
[6] Four Steps to Sustainable Business Model Innovation – By David Young and Marine Gerard