Lancement de ReCOVery - Sortie de crise - Les nouveaux raisonnablesFabernovel
La crise que le monde traverse atteint individus et acteurs économiques avec une puissance inédite et nécessite de repenser en profondeur nos modèles de développement, sur la base de solutions véritablement actionnables.
Plusieurs entreprises et associations d’entreprises s’unissent donc pour lancer reCOVery, une initiative collaborative visant à faire redémarrer l’économie selon un modèle plus durable, plus juste et plus résilient. Voici la présentation donnée lors de lancement de cette plateforme pour échanger sur une mutation appelée de toutes parts, et redémarrer en mettant en œuvre la transformation vers les "nouveaux raisonnables".
How to Balance Sustaining and Strategic Innovation - An Inovo Group Master ClassThe Inovo Group
In this Master Class hosted by Innovation Leader and presented by Inovo Group's Managing Partners, they talk about key aspects of balancing exploitation and exploration activities by an organization's corporate innovation group and business units. Various tensions between these two sections create confusion toward the smooth functioning of a comprehensive innovation system. This Master Class discusses the various strategies and solutions about how to master the balance and reduce tensions between these groups and work toward achieving success along the sustaining-strategic continuum of innovation.
Lancement de ReCOVery - Sortie de crise - Les nouveaux raisonnablesFabernovel
La crise que le monde traverse atteint individus et acteurs économiques avec une puissance inédite et nécessite de repenser en profondeur nos modèles de développement, sur la base de solutions véritablement actionnables.
Plusieurs entreprises et associations d’entreprises s’unissent donc pour lancer reCOVery, une initiative collaborative visant à faire redémarrer l’économie selon un modèle plus durable, plus juste et plus résilient. Voici la présentation donnée lors de lancement de cette plateforme pour échanger sur une mutation appelée de toutes parts, et redémarrer en mettant en œuvre la transformation vers les "nouveaux raisonnables".
How to Balance Sustaining and Strategic Innovation - An Inovo Group Master ClassThe Inovo Group
In this Master Class hosted by Innovation Leader and presented by Inovo Group's Managing Partners, they talk about key aspects of balancing exploitation and exploration activities by an organization's corporate innovation group and business units. Various tensions between these two sections create confusion toward the smooth functioning of a comprehensive innovation system. This Master Class discusses the various strategies and solutions about how to master the balance and reduce tensions between these groups and work toward achieving success along the sustaining-strategic continuum of innovation.
Nordea Startup Accelerator Program powered by Nestholma
Check out more info about the program and applying at http://www.nestholma.com/nordea-accelerator.
Pitched a novel model for establishing a Think Tank to improve the Indian startup ecosystem.
Key goals include:
1) Driving Technology development
2) Studying the co-evolution society and technology
3) Actively collaborating with the government, International community for Policy making and Advocacy.
Collaborated with Vijay Raghavan.
Photo by Jo Szczepanska on Unsplash
Findings from the 2014 MIT Sloan Management Review and Deloitte global survey on social business point to a clear relationship between the social business maturity of a company and the value created from the use of social media. Discover 3 primary drivers companies can pursue to increase their social business maturity and, subsequently, value from social business.
Download a copy of the 2014 Social Business Study here: http://deloi.tt/2wgcaK2
Historically, business incubators and accelerators have been successful supporting startup companies worldwide and facilitating their long-term sustainability. Here are eight AMAZING facts you may not have known about these vital small business and entrepreneurial resources.
Accelerate Now! Current trends and strategies for the futureNUMA
You liked our White Paper "Accelerate Now" ? Read this news and share it !
NUMA goes for equity crowdfunding ! Paris-based innovation space provider NUMA is going international. To provide capital for this development phase, it has decided to call on the community at large, with an equity crowdfunding campaign.
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Accelerate Now !
Proudly supported by L'Atelier BNP
Early December last year, NUMA, a leading tech and innovation hub in central Paris and home to France’s first accelerator program, held its first ever European Accelerator Summit.
The Summit brought 200+ leaders from accelerators from across Europe and beyond to discuss and debate the current state and future of acceleration. Using collaborative workshops and interactive talks, the purpose of the 2-day conference was really to identify the top trends and challenges facing the accelerator sector and viable models and ideas to reinforce the future of acceleration.
Leveraging the ideas and content generated from the Summit, we’ve developed this whitepaper which focuses on what the group identified as the top trends in acceleration as well as the challenges, opportunities, and models for each.
Nordea Startup Accelerator Program powered by Nestholma
Check out more info about the program and applying at http://www.nestholma.com/nordea-accelerator.
Pitched a novel model for establishing a Think Tank to improve the Indian startup ecosystem.
Key goals include:
1) Driving Technology development
2) Studying the co-evolution society and technology
3) Actively collaborating with the government, International community for Policy making and Advocacy.
Collaborated with Vijay Raghavan.
Photo by Jo Szczepanska on Unsplash
Findings from the 2014 MIT Sloan Management Review and Deloitte global survey on social business point to a clear relationship between the social business maturity of a company and the value created from the use of social media. Discover 3 primary drivers companies can pursue to increase their social business maturity and, subsequently, value from social business.
Download a copy of the 2014 Social Business Study here: http://deloi.tt/2wgcaK2
Historically, business incubators and accelerators have been successful supporting startup companies worldwide and facilitating their long-term sustainability. Here are eight AMAZING facts you may not have known about these vital small business and entrepreneurial resources.
Accelerate Now! Current trends and strategies for the futureNUMA
You liked our White Paper "Accelerate Now" ? Read this news and share it !
NUMA goes for equity crowdfunding ! Paris-based innovation space provider NUMA is going international. To provide capital for this development phase, it has decided to call on the community at large, with an equity crowdfunding campaign.
--------------------------------------------------------------------------------------------------------
Accelerate Now !
Proudly supported by L'Atelier BNP
Early December last year, NUMA, a leading tech and innovation hub in central Paris and home to France’s first accelerator program, held its first ever European Accelerator Summit.
The Summit brought 200+ leaders from accelerators from across Europe and beyond to discuss and debate the current state and future of acceleration. Using collaborative workshops and interactive talks, the purpose of the 2-day conference was really to identify the top trends and challenges facing the accelerator sector and viable models and ideas to reinforce the future of acceleration.
Leveraging the ideas and content generated from the Summit, we’ve developed this whitepaper which focuses on what the group identified as the top trends in acceleration as well as the challenges, opportunities, and models for each.
The Innovation Game: Why & How Businesses are Investing in Innovation Centers Capgemini
With tech startups rapidly eating into traditional sectors, large organizations face an increased pressure to innovate. The challenge is that traditional innovation approaches are broken. A recent study revealed that only 5% of R&D staff feel highly motivated to innovate. In certain sectors, more than 85% of new products fail and an overwhelming 90% of companies consider they are too slow in launching new products and services.
The weaknesses of traditional innovation approaches have led some organizations to explore different avenues and seek new inspiration. These organizations have launched innovation centers in major technology hubs with the explicit mandate to accelerate digital innovations. These innovation centers, comprising teams of people and often physical sites, are established in a global tech hub. The goal is to leverage the ecosystem of startups, venture capitalists, accelerators, vendors, and academic institutions that these hubs provide.
We interviewed leaders of innovation centers and conducted an extensive research study of the 200 largest companies in the world to identify best practices and critical success factors.
Global technology hubs are the preferred destinations for setting up innovation centers. 60% of companies that have set up these centers have a presence in the Silicon Valley but many more hubs are emerging – the top 10 cities in our analysis represent only 33% of total innovation centers. The US had the largest share with 31% of total innovation centers closely followed by Europe at 30% & Asia at 22%. Penetration varies significantly between sectors; manufacturing is a clear leader at 58%, but despite facing increasing pressures from digital disruptions, Financial Services lags at only 28%.
Innovation centers offer a range of benefits. They:
• Accelerate the speed of innovation
• Provide a fresh source of ideas
• Enhance risk-taking ability
• Attract talent
• Drive employee engagement
• Build a culture of innovation.
It is extremely challenging to make a success of innovation centers. The long list of critical success factors is a testimony to the size of the challenge. These factors range from clarity on the role of the innovation center to governance for innovation implementation. For example, innovation centers should not peer so far out into the future that it becomes disconnected from current realities. But, it should not confine itself too closely to the parent’s current operations to make breakthrough innovation impossible.
The advent of thriving technology hubs has created an innovation ecosystem that traditional organizations can tap into. By combining the culture and approach of innovation centers with their budget firepower and access to markets and customers, traditional organizations have an excellent opportunity to re-energize their innovation capability.
The relentless drive for innovation among start-ups has not only attracted substantial investments but has also witnessed the need for Sustainable and Inclusive growth.
Many of the major disruptions in media and communications have been driven by nimble, entrepreneurial companies, coming out of nowhere to completely decimate established business models. Companies that spin into existence to solve one problem or commercialize a single idea can scale almost instantly if they find a solution that sticks. That’s what’s happening all over the marketing industry today: hundreds of tech-savvy startups are reinventing business from the bottom up.
How any organisation can drive culture and design systems to pursue practical...Toby Farren
This whitepaper will provide an insight into the different elements of modern innovation fostering,
including the various factors determining the capability of organisations to innovate internally;
the differences between frontend and backend innovation; and a focus on the relatively new
‘open’ innovation methods (including the advantages of utilizing sandboxes in the frontend
innovation process as well as collaborating with external bodies).
Pitched a novel model for establishing a Think Tank to improve the Indian startup ecosystem.
Key goals include:
1) Driving Technology development
2) Studying the co-evolution society and technology
3) Actively collaborating with the government, International community for Policy making and Advocacy.
Collaborated with Vijay Raghavan.
Photo by Jo Szczepanska on Unsplash
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
1. Eight steps to foster innovation
through successful ecosystems
By Luca Martini, Marco Ciobo and Lee Rose
2. 2 Eight steps to foster innovation through successful ecosystems
In today’s complex environment,
innovation within public and
private sector organisational
models is a challenge.
Core business models are not designed to encourage smooth
engagement and collaboration between industry, government
and commercial enterprise.
Often innovation within organisations encounters resistance and attempts to
mould the scope to suit internal objectives will eventually dilute the impact
of the original idea. However, innovation outside the core business, that is at
the edges of the organisation, is easier to establish through partnerships with
other organisations. Such arrangements can provide complementary skills and
capabilities so together, they can achieve a greater outcome. These are ecosystems.
They can be established with partners such as academia, start-ups and venture
capitalists. Such models create disruption as well as growth opportunities for
the core business. The partners in these “Innovation Ecosystems” often share
investments, risks, outcomes and rewards, and they use digital platforms that
enable easy collaboration toward shared goals without derailing the core mission.
The innovation ecosystem drives an outcome for organisations to jointly develop
new products and services that are built on applications and platforms, allowing
the organisation to enhance core offerings or expand into new markets. It allows
organisations to look beyond their own boundaries to bring in ideas more quickly
and frequently to enhance operations, saving time and money. Organisations can
leverage the investments from such sources as venture capitalists and government.
Organisations that intend to compete effectively in the marketplace will
need to prioritise innovation and establish ecosystems at the edge of their
organisation, or risk being overtaken by competitors and not being able to
recover. It’s important to remember that, since 2000, 60 percent of Australia’s
top ASX 200 companies have ceased to exist due to liquidations, mergers,
acquisitions or other factors. And 73 percent of the ASX 200 companies
are no longer in the top 200 companies today.1
For Government, the
use of innovative technologies offers opportunities to generate greater
efficiencies and improve service delivery to meet citizen expectations.
In Australia, the concept of innovation ecosystems is not new at all.
Certain industries such as banking are well versed in creating such partnerships.
And the idea of innovation ecosystems is emerging in other industries like
insurance, utilities, energy and mining. What is new, however, is insight into
the means of ‘smartly’ creating and realising value from innovation ecosystems.
43 percent of Australian
executives now report that
a platform-based business
model and engagement
with digital ecosystems
are very critical to the
success of their business
– in line with global peers
(40 percent).2
3. 3Eight steps to foster innovation through successful ecosystems
In part, this requires changes in operating models, technology architectures and
cultures in order to have a foundation of flexibility, to meet the requirements of
an ecosystem and respond to rapidly evolving customer and business needs.
As platforms rapidly grow and spread (e.g. Uber’s taxi model, Amazon’s ecommerce
suite and Philips’ hospital-to-home platform), often they are too big to challenge
by the time they enter Australia because these organisations have already achieved
global scale and have a full suite of best practice capabilities that they can bring
to market quickly. Organisations need to understand when to launch competing
platforms and when to position themselves within existing platforms as opposed
to building their own. This understanding comes from active engagement within
their innovation ecosystems and working with their partners, so that they
understand what they want to position in the Australian marketplace and
how to deliver customer value.
At Accenture, we feel that many of the operating models and cultures of
organisations within Australia are not designed for effective ecosystem participation.
This creates a risk for these firms.
The opportunity is significant. Accenture estimates that if the Australian economy
improved its digital density through an optimal combination of improvements in
digital skills, capital and other enabling accelerators, such as supporting technologies,
it could enjoy an even higher boost to GDP, adding an additional AU$44 billion to
2020 GDP. That equates to a 2.4 percent uplift to GDP beyond current forecasts.3
97 percent of large
companies stated that
open innovation is
important or critical
to higher levels of future
business performance.4
The innovation ecosystem and Government
One of the ways that the Australian government is showing commitment
to innovation is via the National Innovation and Science Agenda.
The Australian Government is investing AU$36 million over five years
in a Global Innovation Strategy to improve Australia’s international
innovation and science collaboration.5
It is important for large companies to partner with government
agencies on industry accelerators for innovation. Consider, for example,
the Resources Innovation through Information Technology (RIIT), which
provides an ecosystem to Australian entrepreneurs in the resources sector.
RIIT follows a public-private partnership model, working with support from
the Australian government and local companies.6
From a public sector perspective, the digital government of tomorrow
will include online ecosystems in each of the mission areas of government,
such as education, health and social security. These ecosystems will not
only connect the government agencies but also parties such as NGOs
and Australian citizens. Standardising and simplifying business processes
and utilising technology platforms intelligently should be a top priority
for the Australian public sector if it wants to continue to keep up with
the continuously evolving digital landscape. Ownership of the various
platforms will need to be addressed up front and some organisations are
incorporating a chief integration officer as a new role to help ease the
transformation process.7
For Frank Bobe, entrepreneur-in-
residence at Harvard University’s
Wyss Institute, “clusters are all
about people and relationships.
The success of certain clusters
can be attributed to their open,
risk-taking, and collaborative
environment. You need to
immerse yourself in the culture
of the cluster and absorb it.”
Banks, for example, are focusing
on open innovation. They are
putting it at the heart of their
digital transformation by engaging
with external technology
solutions, knowledge capital
and resources early on in the
innovation process.8
Collaboration,
or “co-innovation,” is becoming
more important as a method
of identifying new ways to
generate value. Banks are
undertaking partnerships and
acquisitions, creating incubators
and making strategic investments
to help them rebuild themselves
as consumer platforms,
not just banks.
Rio Tinto and Accenture
co-established a co-located
innovation centre in Singapore.
The IoT Centre of Excellence
for Resources provides a
way organisations can gain
competitive advantage.9
4. 4 Eight steps to foster innovation through successful ecosystems
The eight-fold way to build
innovation through ecosystems.
Business leaders need to engage their organisations to build and
implement an innovation ecosystem strategy. From our research,
there are eight mutually reinforcing practices that leading
innovators adopt:
Agree on a clear and specific focus
The strategy should have clear objectives that are adjusted as the innovation
evolves to give all parties confidence that their investment is being used
effectively and the outcomes will be shared. It must clearly show how successful
ideas can be scaled quickly and drawn back into the core business and not
stranded in pilot phase.
1
Lead with the customer experience
Start-ups and entrepreneurs focus on solving real customer problems. They begin with
a customer challenge or frustration, or a need that customers don’t even know they
have. Focus on what your customers want and need, and how you can improve their
experience. Then determine who the best partners are to help you reach your goal.
2
Establish an open culture
Develop digital skills and literacy in employees to network externally,
develop processes to absorb learning within the organisation and develop
a portfolio of digital tools to facilitate effective collaboration. An organisation
can have the best people and technology, but without effectively empowering
both with the right culture, it will not fully realise the benefits. Cultural change
is led from the top. Leaders can encourage the workforce to innovate and take
risks—which is what innovation ecosystems are all about.
3
Encourage proximity to innovation
Leaders in innovation tend to cluster together. Centres such as Silicon Valley,
or innovation hot spots in London, New York, Israel, Stockholm, Hong Kong,
Singapore and beyond, are about creating digital partnering ecosystems. To bring
the essence of their success into your business, we believe you will need to model
those companies’ sense of proximity—the structured but also unanticipated ways
diverse groups of people “cluster” together to solve problems, explore external
viewpoints and generate new ideas. Australian organisations can achieve this
by establishing a presence within a centre of innovation. Or they can co-locate
some of their resources with an existing innovation partner. Alternatively,
co-locating some resources within the partner organisation, is another option.
4
5. 5Eight steps to foster innovation through successful ecosystems
Protect your core intellectual property
The default option should be openness. However, being open-by-default does not
mean all guards should come down; organisations must continue to protect data
and for the private sector, their competitive essence. Identify critical IP that needs
protection. This IP is core to the business operations. These are the areas providing
unique value propositions and competitive advantage. Test further with the different
functional areas of the business - IT, legal, finance, operations, HR and marketing.
With the critical IP protected, it’s easier to determine the IP you can share.
5
6 Undertake due diligence on potential partners
The organisation will need to quickly establish a new corporate capability that
will help them improve service delivery and for the private sector, outperform
competitors. The ability to spot effective partners and then establish an effective
innovation ecosystem to enable timely and secure collaboration, is important.
Remember, the security of digital tools is not unlimited. Seek insight into data
and security practices before committing to ecosystem partners or deals. Vet
ecosystem partners for cyber-integrity and resilience across all areas of their
technology landscape. Differences in cyber preparedness exist among business
units, geographies and industries. Also, use the collaboration platform that is fit
for different phases of work.
Modify operating models for mutual success
Examine entrenched business processes and adapt operating models and
technologies to stay focused on long-term success within the extended business
environment. A number of formal innovation networks have well-developed
digital solutions. Business leaders should start using available tools to build
and participate in ecosystems while keeping up-to-date with new technologies.
This will require designing for the right digital capabilities. Consider robotic
process automation, cognitive computing, cloud and next-generation
outsourcing, and embed sustainable cost governance into the organisation.
7
8 Architect for change
Identify the right architecture and establish a strong integration layer that
leverages APIs (application program interfaces that enable effective connectivity
to legacy systems, cloud, third parties and so forth) to firstly, allow partners
to connect and transact via a robust and secure mechanism. And secondly,
to support a multi-speed operating model that is responsive to dynamic,
fast-change innovation from the business, but also flexible in providing an
industrialised response to major change.
6. 6 Eight steps to foster innovation through successful ecosystems
The agility of Amazon’s
operating model demonstrates
the opportunities and
disruptions created by digital
ecosystems. AmazonFresh, a
fresh and frozen delivery service,
continues to gather momentum
in the US and UK. If Australian
entry remains on track for 2017,
what are the implications for
local grocery players?
How will they respond?
And what adjustments
will they require to their
operating models?11
Australia Post’s digital
transformation efforts are
a good example of innovation
at the edge. Their July 2016
announcement of a new parcel
processing, delivery centre
and onsite business hub in
Newcastle is intended to benefit
customers, provide jobs and grow
Australia Post. Co-located with
StarTrack, the hub consolidates
operations, streamlines transport
and gives customers more
efficient operation, improved
pick-up and delivery times.12
Innovate at the edge
More often than not, organisations have not designed
their operating models to support both physical and
virtual collaboration, especially across organisation
boundaries. According to our report, “Digital shoring
for networked innovation,” more than half of large
companies we surveyed (54 percent) reported that
the benefits of collaboration were uncertain.10
To move forward, organisations must change their operating models
to create, run and maintain innovation ecosystems. This demands
a new and innovative approach. At the most fundamental level,
the organisation must foster a culture that supports open innovation
and backs it up with investment. It requires organisations to create
arrangements involving a network of new business satellites with
various players including industry, government, venture capitalists,
early-and growth-stage start-ups, universities, corporate RD groups
and other companies that can accelerate overall organisational growth.
These business satellites would sit on the edge of the organisation.
To survive and succeed, they must be endorsed and supported by
the lead organisation. Investment is key. This includes leadership
sponsorship as well as proper incentives and rewards to help
employees become comfortable sharing knowledge and technology
with external parties.
7. 7Eight steps to foster innovation through successful ecosystems
Breaking through the barriers
Whether formal or informal, digital ecosystems complement
physical with virtual working. Business leaders need to engage
their organisations to build and implement an innovation
ecosystem strategy.
How Australian organisations build and implement an innovation ecosystem
will be critical to their success and survival.
Despite the challenges ahead, creating and building strong innovation ecosystems
will open up a world of possibilities for Australia to achieve higher levels of
efficiency and performance. This will drive GDP growth and global competition.
Innovation ecosystems that leverage leading digital capabilities, offer improved
service delivery and greater customer satisfaction. For the private sector,
innovation through ecosystems offers the opportunity to profoundly improve
productivity, reach new markets and drive revenue growth in a sustainable way.
As the innovation ecosystem becomes more deeply interconnected, it is vital
to the long term success of organisations to participate.