What’s Innovation. Innovation is simply the key factor for world class Engineers and Managers. Innovation is basically thinking out-of-the-box and protocol-free to solve in a non-standard way daily life problems, as well as to improve procedures and workflows. Innovation is normally pursued by natural leaders to manage high performing teams (innovation addicted by definition). Innovation is definitely the mean to achieve incomparable results in the mid- and long-term.
Why Innovating. Fast paced environments/contexts push the bar higher and higher, this means: whatever is good enough at time X, will not be enough at time X+Δ, and often Δ is a very short timeframe. To follow the trend, so, it is needed to think ahead of the time, approaching the problems as well as any related task, in a different way, from a different viewpoint, and this is needed to just stay in linewith the mutating times. Translating this in concrete examples, let’s think about ICT (Information and Communication Technologies) industry and its frenetic pace: survivor, as well as growth, in such a context often translates as the capability to actively adapt to the changing technology and context .
The Value of Innovation. To adapt and grow, things have to be done differently and tasks have to be accomplished in different ways, therefore normally a change is needed. Changing the way problems are approached and things are done is what innovation intrinsically is: watching at what exists or how tasks are accomplished and pursuing different and more effective ways to do represents innovation, as well as an incommensurate value. Innovation represents an incommensurate value because changing is never easy and winning the change resistance is hard, so hard. Moreover, changing and adapting is a growth/survivor prerogative!
Let’s consider an example still in the ICT context. Building software is difficult, building complex software is more difficult, testing software is in general much more difficult: it is a time- and money-expensive practice that, if not optimized, can induce project failures caused by release times not in line with the sectors’ TTM (Time To Market). Innovative testing frameworks (technical and procedural tools) can reduce the complexity exponentially making the testing a task as another in the software lifecycle management.
NOTE This example can be extended to contexts different from ICT, like the Automotive, etc.
Building Assets. Innovating little by little means building assets for the future, no matter what is the organization and the industrial sector. Innovative frameworks are able to seamlessly adapt the needs and change the way things are accomplished, they represent very valuable assets that are built applying passion and cleverness, as well as sensitiveness. Organizations benefit without any doubt by surviving and in the normal case growing their business figures: innovative products born from innovative people that apply innovative ideas/procedures to build something that is needed by the market, or in some case not needed but ‘wanted‘ – imagine status-symbol products pervasive in today’s markets.
Conclusion. No matter the context, no matter the sector, no matter the organization, innovation is a driving factor for the sustainable business. Researches confirm intuitive outcomes: innovation development is a part of the asset management that falls down the strategic business management, and so a pillar in the modern industry context.