Today, a key question for executives and corporate innovation teams is:
How can robots, machines and artificial intelligence help us do our jobs better?
When we look for answers here, we must first acknowledge that the human factor is the heart and soul of corporate innovation efforts. This leads to failures as well as successes.
Let me share three examples:
Humans are analog beings. This means that knowledge, experience and relationships reside inside the heads of people. This is not easily shared and developed with others.
Emotional intelligence (EQ) matters. EQ can bring out great things, but it can also lead to decisions being based on (wrong) perceptions. Better use of data can bring a better balance.
Close mindedness. People are often drawn to people they like and who are like themselves. Just look at top leadership teams. This is not good for innovation.
We need to connect human factors with digital capabilities to reduce failures and enhance successes within corporate innovation.
For this to work, let's focus on five things that should be digitalized to help executives and their corporate innovation teams do a better job.
A key challenge working in this field is that there are so many questions for which we do not know the answers. There are even many questions we don't even know that we need to ask. Thus, I suggest a two-headed approach for connecting human factors and digital capabilities.
This is what I am working on with the AICI initiative. You can see more in this slide deck.
Insightful
Corporate sluggishness and bureaucracy did also increase......
Corporate innovation is about acknowledging the natural friction between inventors and gatekeepers and addressing it at every turn.
Organisations need to understand that corporate innovation in the digital era is an investment into the future of their business, one that will reap measurable return on investment.
Stefan is an acclaimed author, keynote speaker, advisor and entrepreneur. He is a global thought leader on leadership in general and corporate innovation management in particular, he travels around the world to interact with executives and corporate innovation teams who want to take their innovation capabilities and efforts to the next level. The Silicon Valley mindset is key for this to happen. This mindset is rooted in one word: impact. By leveraging new technologies, talent, strong ecosystems, agile leadership, and ingenious approaches to business, Silicon Valley impacts entire industries in ways that shape the world. For a company to thrive—or even survive—in the next decade, its leaders will need to understand the Silicon Valley mindset and be able to put it to work. He helps executives on this through his Silicon Valley Fast Track venture. Stefan completed his entrepreneurial background in A.P. Møller Shipping School and the Massachusetts Institute of Technology — Sloan School of Management. For more information about the Silicon Valley Fast Track, please visit: www.siliconvalleyft.com.
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