Why The Chief Financial Officer Must Lead Organizational Innovation

My research over the last decades shows organizations have spent substantial sums on building creativity and innovation capabilities, motivating employees to participate, only to see their innovation investment come to very little. Organizational anecdotes abound about exciting ideas with strong leadership support reaching the point of final decision making only to see them blocked for a whole series of reasons - personal and organizational risk aversion, political agendas, weak and indecisive leadership. IT departments called upon to facilitate innovation as a way of saving costs struggle with stultifying technological infrastructure along with the other 100 projects they are currently building and the rhetoric of the continual improvement acolytes ensuring organizations maintain their business as usual approach. The list for "why not" is endless. My observations suggest there is another less obvious reason. Innovation in many instances fails not because of any lack of intention rather there is

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The Power of Reflection on Innovation

In creativity, it is often not until you have completed a piece of work that the obvious intent of the work appears to you. This is particularly relevant in the case of innovation. Personal creativity, the input that produces organizational innovation, never follows a direct path and this has important strategic implications for organizations pursuing systemic innovation as a prime business objective. Our challenge in developing the analytic, the Management Innovation Index™ (the MIX), was to model an organization's innovation as a whole system in order to make innovation measurable. Over 3 years, we trialed and amended the MIX with various clients

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Launching the Management Innovation Index - Benchmarking Innovation Capabilities

As a senior leader in your organization. this is an invitation to an exclusive webinar launch of Version 3 of the Management Innovation Index (the MIX). Innovation in 21st century is now divided into 3 segments - incubators, start-ups and medium to large organizations - each requiring different types of innovation thinking skills. The main challenge for medium to large size organizations is how to grow through their own innovation capabilities. Most medium and larger organizational innovation efforts still start with idea generation. This approach ignores critical organizational skills, practices and capabilities required for innovation success. It also materially reduces the chance of success. The Management Innovation Index (the MIX) addresses this critical gap using clear metrics and actionable recommendations. Launched 7 years ago, the Management Innovation Index has collected over 22,000 pieces

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The Importance of Definition in the Language of Creativity and Innovation

One of the most difficult aspects around creativity and innovation is the language, definitions and usage of the terms in conversation. Creativity and innovation are often used synonymously creating confusion amongst all parties. My main task initially when discussing creativity and innovation is to ask the participants in the conversation to define the difference. More often than not, there is disagreement and confusion around the differences and when, where and how these words are used to reflect the nuances that are associated with the differences. The conversation on the surface will appear coherent. However, when you start to delve deeper into the creativity and innovation processes at work within any given context

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Can Australia Become The World's Leading Innovation Nation?

When the new Prime Minister of Australia and his new cabinet ministers after being sworn in on September 21, all started using the word "innovation" twice or three times in their first media appearances, my ears pricked up decisively. Was it possible Australia was on the verge of finding the beginnings of a new national voice or better still returning to its deep heart, the very DNA that founded the country - innovation and adaptation - in order to survive? The Prime Minister's uses of the word "innovation" were well nuanced, offering the layman a simple argument for its need, giving his message a gravitas I have not heard from Federal Governments of either persuasion in the last decade or so. Innovation is extremely difficult in organisations, let alone in government and public services, especially with the three tiered systems of government that Australia has. Nevertheless any government that builds its political narrative around a national conversation based on innovation, where ideas

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