Innovation and Transformation tools can enhance a company's business strategy by helping to avoid tunnel vision focused on an end goal. These tools allow executives to consider how potential changes impact their workforce, workflows, and processes in addition to services or products. They facilitate an iterative process that joins together internal and external efforts. For instance, an idea for an innovation may change throughout the development process, and this new idea will change the workflow, which will then adapt to fit the new idea. Thus, these tools guide executives in taking the right actions to successfully implement the right ideas.
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Without adequate innovation, you risk falling behind in even what you do well. So how can an organization ensure its business transformation endeavors...
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Innovation isn't only about technology or products. Massive company-wide efforts can affect other internal processes that aren't obvious from the naked eye. To avoid tunnel vision focused on an end goal, these tools help execs consider how potential changes impact their workforce, workflows and processes in addition to services or products. It's helpful to think of transformation as an iterative process that joins together internal and external efforts. For instance, you could develop an idea for an innovation, but throughout the development process, the idea will change. This new idea will change the workflow, and then the workflow will change to fit the new idea. In this way, the tools in this framework are meant to help execs take the right actions to successfully carry out the right ideas.