{"id":6338,"date":"2020-02-17T07:05:02","date_gmt":"2020-02-17T12:05:02","guid":{"rendered":"http:\/\/flevy.com\/blog\/?p=6338"},"modified":"2020-12-19T22:37:18","modified_gmt":"2020-12-20T03:37:18","slug":"i-aint-blue-i-am-different-the-innovation-leadership-mindset","status":"publish","type":"post","link":"https:\/\/flevy.com\/blog\/i-aint-blue-i-am-different-the-innovation-leadership-mindset\/","title":{"rendered":"I Ain’t Blue, I am Different: The Innovation Leadership Mindset"},"content":{"rendered":"

Today\u2019s C-suite is making a significant investment in new technologies.\u00a0 Yet, it is failing to achieve full value. Technologies are being\"\" deployed in pockets or silos without a Strategy for scaling the Innovation from these technologies across the enterprise. Unable to scale their Innovation, organizations are not realizing the full benefits of their technology investments.<\/p>\n

An Innovation Achievement Gap<\/a> exists. What is the Innovation Achievement Gap?<\/em> This is the difference between potential and realized value from technology investments. When new technology does not achieve its full value, the Innovation Achievement Gap exists.<\/p>\n

What Companies are Facing Today<\/strong><\/h2>\n

The enormous challenge of Innovation Management<\/a> with legacy systems is facing companies today.\u00a0 The conventional IT stack is not built or designed for the world of tomorrow. These are our software applications, data, hardware, telecommunications, facilities, and data centers.\u00a0 Today\u2019s cloud-oriented world is full of analytics.\u00a0 There are sensors, mobile computing, AI, the Internet of Things (IoT), and billions of devices. Digital Transformation<\/a> is changing the face ob business.<\/p>\n

True, companies have started in the cloud. But the systems have not been adopted at the pace of technological change.\u00a0 As a result, there are distinct Leaders and Laggards when it comes to the adoption and penetration of technologies. Leaders are seeing more than 2X the revenue growth of Laggards. Laggards, on the other hand, often adopt technologies as individual point solutions without a strategy for enabling systems than can achieve enterprise-wide, game-changing innovation. While they might have pockets of brilliance, Laggards cannot maximize the value achieved. To be a Leader is to have an Innovation Leadership Mindset.<\/p>\n

Simply said, adopting technologies does not guarantee success. This requires a systematic and sequential strategy in line with Next-gen Enterprise Systems. This needs an Innovation Leadership Mindset.<\/p>\n

Doing Things Differently: The Innovation Leadership Mindset<\/strong><\/h2>\n

Leaders differ much from Laggards. Embedded within their whole being is the Innovation Leadership Mindset<\/a>.<\/p>\n

\"\"<\/a><\/p>\n

Having an Innovation Leadership Mindset is clicking the future into place. There are 4 core pillars of the Innovation Leadership Mindset.\u00a0 Let’s define the first 2:<\/p>\n

    \n
  1. Invest in innovation<\/strong>. Leaders invest more in innovation. Organizations with Innovation Leadership Mindset direct a greater percentage of its IT budget toward innovation.\u00a0 They accelerate investment innovation over the next 5 years. Leaders are far advanced from Laggards when it comes to investing in innovations. Leaders invest 93% on innovation and are expected to increase this to 97% in the next 5 years. On the other hand, laggards invest only 64% on innovation with a planned investment of 74% in the next 5 years.<\/li>\n<\/ol>\n
      \n
    1. Develop Innovation Systems<\/strong>. Leaders show a consistently higher rate of technology adoption.\u00a0 Organizations with Innovation Leadership Mindset adopt new technologies earlier and develop higher levels of expertise. They prioritize and sequence implementation in optimal ways. Leaders have been found to adopt a fundamental general-purpose technology at a rate of 98%. An example of this is Artificial Intelligence<\/a>. Laggards, on the other hand, have faith in a fast follower approach. They take technology haphazardly leading to patchwork across the organization.<\/li>\n<\/ol>\n

      There are 2 other core pillars that are equally important. One is Scale Technology Innovation<\/strong> and the other is Evolve Next-gen Enterprise Systems<\/strong>. \u00a0Leaders that set their sights on innovating at scale target 3 times more business processes with technologies. Leaders have also drummed up their resources towards building the Next-gen Enterprise Systems.<\/p>\n

      Next-gen Enterprise Systems are systems that are capable of repeatable and scalable innovations. It is Boundaryless, Adaptable, and Radically Human. Outpacing others calls for organizations to start envisioning their own version of Boundaryless, Adaptable, and Radically Human Next-gen Enterprise Systems.<\/p>\n

      Interested in gaining more understanding of the Innovation Leadership Mindset<\/a>? You can learn more and download an editable PowerPoint about the Innovation Leadership Mindset<\/strong> here<\/a> on the Flevy documents marketplace<\/a>.<\/p>\n

      Do You Find Value in This Framework?<\/h2>\n

      You can download in-depth presentations on this and hundreds of similar business frameworks from the FlevyPro Library<\/a>. FlevyPro<\/a> is trusted and utilized by 1000s of management consultants and corporate executives. Here’s what some have to say:<\/p>\n

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      “As a small business owner, the resource material available from FlevyPro has proven to be invaluable. The ability to search for material on demand based our project events and client requirements was great for me and proved very beneficial to my clients. Importantly, being able to easily edit and tailor the material for specific purposes helped us to make presentations, knowledge sharing, and toolkit development, which formed part of the overall program collateral. While FlevyPro contains resource material that any consultancy, project or delivery firm must have, it is an essential part of a small firm or independent consultant’s toolbox.”<\/p>\n

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      “FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The quality of the decks available allows me to punch way above my weight \u2013 it’s like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead.”<\/p>\n

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      “Several times a month, I browse FlevyPro for presentations relevant to the job challenge I have (I am a consultant). When the subject requires it, I explore further and buy from the Flevy Marketplace. On all occasions, I read them, analyze them. I take the most relevant and applicable ideas for my work; and, of course, all this translates to my and my clients’ benefits.”<\/p>\n

      \u2013 Omar Hern\u00e1n Montes Parra, CEO at Quantum SFE<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

      Today\u2019s C-suite is making a significant investment in new technologies.\u00a0 Yet, it is failing to achieve full value. Technologies are being deployed in pockets or silos without a Strategy for scaling the Innovation from these technologies across the enterprise. Unable to scale their Innovation, organizations are not realizing the full benefits of their technology investments.… I Ain’t Blue, I am Different: The Innovation Leadership Mindset<\/span><\/a><\/p>\n","protected":false},"author":111,"featured_media":6341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[408,85],"tags":[917,1929,1930,1931],"class_list":["post-6338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management-leadership","category-organization","tag-digital-transformation","tag-innovation-achievement-gap","tag-innovation-leadership-mindset","tag-next-gen-enterprise-systems"],"_links":{"self":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/6338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/users\/111"}],"replies":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/comments?post=6338"}],"version-history":[{"count":8,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/6338\/revisions"}],"predecessor-version":[{"id":8019,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/6338\/revisions\/8019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media\/6341"}],"wp:attachment":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media?parent=6338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/categories?post=6338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/tags?post=6338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}