Going Electric: Tales of Innovation
This human-centered approach to commerce and its empowering dynamism in both the field of Innovation and the construct of Conscious Capitalism make them different dimensions of the same profound shift. Business is changing, for the better. Instead of the sole goal of making money, it now wants to make money while creating significance and social value.
Many expensive and time-consuming efforts to build innovation capability and capacity inside of organizations fail for a few simple reasons. Either they import a framework completely from the outside without attuning it to their practices and the culture and internal systems reject it or an anxiety to “get it right” leads to years of benchmarking, planning, and the formation of the governance of innovation without actually doing the work—and the work is simple: create net new value.
Digital transformations are actually transformations of mindset, business model, culture, and operations. These are people problems, in the main, not technology issues. Unless you have an ambitious and articulated strategy and a map for aligning all of the people who make up the culture, sorry, but the effort will drown in the quicksand of company politics, quagmired in a lack of hands-on, enterprise-wide change management training.