Excellence in Action – January 2019 – Innovation

“Innovation is anything, but business as usual.” (Anonymous)

Innovation has become more important in today’s organisational world that ever before. Governments, businesses, NGOs, and individuals are facing technology and cost challenges and waves of disruption and uncertainty that will define the next decade.

We truly believe that our long-term future depends on our ability to sustain a drumbeat of new ideas and innovative technologies that improve people’s lives. And of course, we are not alone. Every organisation is bringing their approach to innovation and ideation to the fore.  Every organisation across all sectors are also investing in innovation in search of growth and competitiveness.

At EFQM, we recently, we interviewed over 100 C-level executives with 82% suggesting that accelerating the adoption of innovation into their organisation was in their top 3 objectives over the next three years (the full EFQM study will be available  in March).

In 2019, as part of the EFQM Innovation Excellence Builder, in collaboration with the Centre for Competitiveness, we are launching an expanded on-line Innovation Excellence Programme which incorporates e-learning modules including an online Diagnostic Tool. So to whet your appetite we have collated the best articles on Innovation from our member network and made these available to you to ensure you are aware of best practice and latest thinking.

Take a look below at an overview of the collection of Expert Articles on Innovation that we have put together.

10 Trends Shaping Innovation in the Digital World

Innovation is advancing at an ever-faster speed in today’s digital age, with knowledge-based capital assuming higher importance, and digitally-savvy market players rise. What are the main trends that are currently reshaping and disrupting innovation? How is the toolbox being redefined? What are the keys to success in a world where data, network effects and flexible talent are the new gold?
This publication has been prepared by the European Political Strategy Centre.

THE CRITICAL ROLE OF STRATEGY IN INNOVATION

A quick Google of the word “Innovation” returns almost 2 Billion hits and a search for Innovation books in Amazon returns ‘over 50,000’ titles. This level of interest is reflected in the fact that most businesses state that they want to innovate, and yet few have a clear and defined Innovation Strategy outlining how they plan to go about it.
Charlie Tuxworth explains how Innovation needs to be a clear and important part of the business and must be integral to the business models.
Innovation properly understood and applied can help companies grow faster, be more agile and unlock new forms of value. Innovation is particularly important when it comes to productivity; The National Endowment for Science, Technology and the Arts (NESTA) found that innovation drove 67% of labour productivity growth in the 2000s.
Developed by the Centre for Competitiveness (CforC), in collaboration with EFQM, the ‘Innovation Excellence Builder’ is the effective, commonsense end-to-end innovation solution that simplifies the complete innovation process and delivers practical results.

THE PAIN AND JOY OF INNOVATION

Already in 1985 Peter Drucker wrote in his book “Innovation and Entrepreneurship” that there are only two important functions in business, marketing and innovation. Today more than ever, every selfrespecting company seeks innovation, while at the same time consumers are craving for the latest gadgets and gimmicks.
If we all want to innovate, why is it so difficult to reach meaningful innovations? Henk Bijl takes us through why he believes there are three basic reasons.

VIENNO – THE VIENNA INNOVATION MODEL: A MODEL FOR FAR-REACHING INNOVATIONS

The Vienna Innovation Model “VIENNO” is the result of a collaborative effort between the Vienna General Hospital, VAMED-KMB and the Carinthia University of Applied Sciences. The newly created innovation model is a hybrid of dynamically moving systems based on innovation and interlinked value creating processes. VAMED-KMB tells us all about this cross-organisational collaboration which includes partnerships along the value chain with a strong focus on innovation.

EFQM AND THE CENTRE FOR COMPETITIVENESS LAUNCH THE INNOVATION EXCELLENCE BUILDER

Innovation properly understood and applied can help companies grow faster, be more agile and unlock new forms of value. Innovation is particularly important when it comes to productivity; The National Endowment for Science, Technology and the Arts (NESTA) found that innovation drove 67% of labour productivity growth in the 2000s.
Developed by the Centre for Competitiveness (CforC), in collaboration with EFQM, the ‘Innovation Excellence Builder’ is the effective, commonsense end-to-end innovation solution that simplifies the complete innovation process and delivers practical results.

The complete EFQM Quarterly Magazine is available on the Knowledge Base (only available to EFQM Members).

Read the full Magazine

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