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[post_title] => "China is the next innovation powerhouse" Six Word Wisdom from George S. Yip
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[post_content] => Described as ‘The Jane Bond of Innovation’, Nilofer Merchant has grown businesses — from Fortune 500s and silicon valley web start-ups — for 20 years. She will be a keynote speaker at the IMI National Management Conference on 9 October 2014. As an innovative thinker and practitioner, Nilofer will share her thoughts and experience on how we best align our organisations to succeed against our business challenges today and into the future.IMI: Based on your current work – if you only had 6 words of advice to give a business - what would they be?
NM: Not everyone will, but anyone can.IMI: What does this mean?
NM: Most organizations think of work in boxes. As in engineering does this and marketing does that. Or, even more personally as Tom is responsible for delivering X and Susan is responsible for Y. This is to put work into neat little boxes to create some type of measurability. It’s a relic of the industrial era when the way to profitability and market performance was on efficiency and productivity. But if you look around your workplace, you’ll notice the most obvious truth. Most things are not failing because so and so didn’t do such and such. It’s because of a gap. A gap between organizational silos. A gap between understanding. A gap between the organizational boxes. In order to close the box, you need to organize not around boxes but around purpose. Organize not by “who should be here” but who wants to be here. And while not everybody will rise up to solve the situation, create new products, etc … what you’ll discover is an amazing reserve of talent that exists. Things you didn’t know were possible will happen. Because anybody can.
IMI: Where should we look for further information?
NM: Visit my website nilofermerchant.comNilofer Merchant is a keynote speaker at the IMI National Management Conference taking place on Thursday 9 October. If you are interested in attending click here to register.
[post_title] => "Not everyone will, but anyone can" Six Word Wisdom from Nilofer Merchant
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[post_content] => With the surge of new computing capabilities afforded to us through cloud computing and data analytics there has been a significant increase in the ability to source, integrate, manage, and deliver data within organisations.
The emergence of a new breed of technologies means that traditional restrictions on data processing have been overcome and the resulting boost to information capacity means that all organisations can become more agile, flexible, lean and efficient
The term Intelligent Enterprise is being used to describe those that seizing the opportunities presented.
This has led to a demand for people that can make this “Intelligent Enterprise” a reality.
The bottom line is that without the right skills and capabilities, new technological innovations will not only be of no benefit to firms but may actually become a disadvantage to those that are unprepared to implement them.
Indeed, staffing and skills have been singled out by firms as the top barrier to Agile Data Analytics, with 61% of respondents citing them as a challenge in our recent report for the Cutter Consortium.
So what can organisations do to become Intelligent Enterprises and get the most from big data? We believe they need to develop three main skill bases:
1. Technology support
2. A deep analytical capability
3. A savvy understanding of what big data can deliver
Organisations will increasingly be employing not only Data Miners, Data Scientists, Data Architects, Database Administrators Business Developers and Business Analysts but those individuals that combine skills from those roles such as Project Managers, Data Visulalisers and Programmers Developers.
[caption id="" style="float:center" width="300"] The Intelligent Enterprise - mapping skills and roles[/caption]
At the centre of the skills bases are the Chief Information Officers (CIO) and Chief Data Offers (CDO) that will drive the transformation.
With a skill set that covers all three categories, individuals are ideally placed to successfully lead their organisation into an era of extracting tangible value which is currently hidden in organisational data. It is from this perspective that we have designed the IMI Diploma in Data Business, which provides knowledge and insight into each to three areas.
To find out more about how you can develop these skills come to our Information Evening for our Diploma in Data Business and Diploma Cloud Strategy in the Marker Hotel, Dublin 2, at 6pm on Tuesday 10th September register here.
Tadhg Nagle is joint Programme Director of the UCC IMI Diploma in Data Business and a lecturer and researcher in Information Systems at University College Cork. With a background in financial services his expertise is in strategic innovation and emerging and disruptive technologies.
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“There are two certainties in life, death and taxes” said Brad Pitt in the 1998 movie “Meet Joe Black”. Actually I believe there is a third certainty, problems.
Source: www.cliparthut.com
Problems are part of the journey of life, we cannot move forward without dealing with some sort of problem from the most primordial of finding food and shelter, to the most trivial of choosing the right colour tie for your next meeting.
The fact is that problems are very deceiving, in so many ways they are also similar to illnesses in that we despise them deeply. Like illnesses we become aware of them only when they hurt, by which time it is probably already too late to stop them doing some damage. Once we become aware of a problem and feel its pain we tend to treat the symptoms rather than truly tackling the causes. And again, like illnesses if we leave serious problems untreated and only tend to their symptoms they generally turn into even bigger problems and sometimes far to advance to be able to fix them.
Are you feeling the pain yet?
If you are, don’t panic just quite yet. Most problems can be resolved quite easily by simply understanding them and exploring them from different angles. We often believe there is only one right solution to a problem, in reality the solution to every problem doesn't depend on its symptoms but on its desired outcome.
Exploring a problem from different angles allows us to gain clarity on what is going on and provide us with the opportunity to formulate a number of options and alternatives to focus on achieving what is truly important.
Do you feel as healthy as a fish?
If you don't then perhaps you should question why? Problems become serious only if we ignore smaller issues that don’t seem to mean much when they surface. Because they are so trivial and don’t seem to have an impact on the overall big picture such small issues tend to go unchecked until they become big enough. Then this requires all hands on deck to resolve and will distract everyone from performing the way they could.
It is important to question the potential impact of small issues. What can happen if you don’t tackle them? What are they the symptoms of? What critical values are they eroding in your organisation?
Have you had these symptoms before?
If you have then it doesn't mean what is happening right now is the same as what you have experienced before. It might be the same problem but almost certainly the conditions in which its presenting itself are very different and the solution that worked before might not work this time.
Experience forms connections in our brain between situations and actions. This is very useful when we operate under pressure but most often it causes us to make rushed decision and bad choices. It is always important to understand: What is different this time? How different are the causes from my previous experience? Which new conditions are causing the problem this time?
Source: www.drlinda-md.com
Googling won’t make it better, it will almost certainly make you feel worse!
Today it’s easy to “Google” any problem and find ready made solutions very quickly. The internet is indeed a powerful resource to find interesting answers and ideas but remember your problem has very unique characteristics and to be able to solve it effectively it is important to involve the people around you that are connected with it.
Most of the time fresh eyes help finding new and innovative solutions but before throwing all your energy on any external solution it is important to be candid and open up with what is really going on internally.
Fabio Grassi is the Programme Director for Innovative Problem Solving, a two day programme which runs on the 26th & 27th of November 2015. Fabio is a specialist in the development of team performance, collaboration and motivation.
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[post_title] => Business Model Innovation
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IMI Insights
19th Nov 2018
Related Articles
"China is the next innovation powerhouse" Six Word Wisdom from George S. Yip
"Not everyone will, but anyone can" Six Word Wisdom from Nilofer Merchant
3 critical skills to develop if you want to work for the Intelligent Enterprise
Are you treating the right problem?
Business Model Innovation
Nathan Furr: Innovative Capital
In an era where many big companies have farmed out their innovation ventures to their merger and acquisitions department, has the complex and bureaucratic environment they operate in stifled any internal innovation?
Senior leaders in these multi-national organisations recognise this problem and are looking to become faster and more agile to keep at the forefront of change. The issue they face is that, naturally, their systems and processes are not like that of a start-up, so they need to find an alternative way to innovate.
‘Is this possible? Can big companies innovate their way out of this complexity?’ asked Nathan Furr, IMI National Management Conference speaker. ‘I want to reassure you and say ‘yes, you can’ – but the question then is ‘how’?’
Nathan Furr at the National Management Conference 2018
Move Fast and Wear Things
To illustrate how innovation happens differently in start-ups vs big companies, Nathan told the story of Rent the Runway, a dress renting service set-up by one of his former students, Jen Hyman.
After hearing her sister complain about having to buy another dress for a wedding, Jen Hyman wondered if women would rent designer dresses rather than buying them. There were multiple avenues she could go down, but…. .
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