Shreyas Bakshi

  The Synergy of Innovation and Innovative Management Innovation management and innovative management are pivotal to businesses aiming to navigate the complexities of the contemporary market and sustain a competitive edge. This article delves into the essence of both concepts, underscoring their significance, methodologies, and impact on organisational success, while highlighting a nuanced difference in their approach to creativity and innovation mindset.   Understanding Innovation Management Innovation management refers to the systematic process that organisations employ to manage their innovation procedures, from the inception of ideas to their final implementation. It involves the decisions, activities, and practices for identifying, developing, and realising new products, processes, or ideas. Central to innovation management is the assumption that creativity and an innovation mindset are innate traits; it focuses on harnessing these natural talents to generate value.

  In the world of relentless pursuit of success, a mantra often recited is "Failure is not an option" . This is invariably true in ‘business-as-usual’ context where the processes are established, and failures are unpardonable. But, in the context of ‘business-un-usual’ – in other words, innovation, another mantra is more relevant i.e. “Failures are the stepping stones to success” . There are enough examples to illustrate this. The most common one being “I have not failed. I've just found 10,000 ways that won't work” by Thomas Edison. Often, failures teach us a lot more than success and need to be made a part of the learning process in the context of evolving an innovative solution. However, failures, even in the context of innovation, can be daunting to deal with unless these are supported by well-designed practices and principles e.g. Aligning the understanding of ‘failure’ All the relevant stakeholders need to have a common understanding of ‘failu

  In today’s era, the number of ‘Davids’ (start-ups) of the business world and continuing to rise and challenge the ‘Goliaths’ (established companies, pre-dominantly corporates). Broadly, the modern day ‘Goliaths’ can be categorised into three types: Type A : The ones that considered themselves invincible have either perished or are experiencing slow down. The names of Kodak, Nokia etc. come up often in such contexts. Type B : The ones that have now at least become aware of the challenges and are attempting to find ways of dealing with these. Type C : The ones who seem to have currently found ways of not just surviving but even thriving amongst these ‘Davids’. The names of Apple, Google, 3M etc. come up often in such contexts. Typically, the Type B are the largest in number and there is a lot that they can learn from Type A and C. The generic factors stacked-up against the ‘Goliaths’ are commonly known to all. The typical approach is also to copy what is being done either b

All the links mentioned in the video are listed below: Company Links     Website- https://www.mijs.io     LinkedIn- https://www.linkedin.com/showcase/myinnovationjourneys     YouTube- https://www.youtube.com/@MijS     Instagram- https://www.instagram.com/myinnovationjourneys     Facebook- https://www.facebook.com/profile.php?id=100083034112080     Twitter- https://twitter.com/MyInnovationJo1   Founder’s Links    Profile- https://www.mijs.io/sbakshi    Blog- https://shreyasbakshi.blogspot.com    LinkedIn- https://www.linkedin.com/in/shreyasbakshi   Publications Links    Book- https://mijs.io/book    Paper- https://www.ijosi.org/index.php/IJOSI/article/view/341/414   Hashtags #innovation #innovationculture #innovationleadership #innovationmanagement #innovationmindset #innovationecosystem #innovationstrategy #innovationmanager #innovationchallenge #innovationconsulting #innovationchampion #growth #disproportionate #breakthebias #breakthrough #disruption #disrupt

  2-minute video on where we can focus our innovation efforts and how would these impact the outcomes. It also includes an introduction to how are these handled in our approach. All the links mentioned in the video are listed below: Company Links     Website- https://www.mijs.io     LinkedIn- https://www.linkedin.com/showcase/myinnovationjourneys     YouTube- https://www.youtube.com/@MijS     Instagram- https://www.instagram.com/myinnovationjourneys     Facebook- https://www.facebook.com/profile.php?id=100083034112080     Twitter- https://twitter.com/MyInnovationJo1   Founder’s Links    Profile- https://www.mijs.io/sbakshi    Blog- https://shreyasbakshi.blogspot.com    LinkedIn- https://www.linkedin.com/in/shreyasbakshi   Publications Links    Book- https://mijs.io/book    Paper- https://www.ijosi.org/index.php/IJOSI/article/view/341/414   Hashtags #innovation #innovationculture #innovationleadership #innovationmanagement #innovat

All the links mentioned in the video are listed below: Company Links     Website- https://www.mijs.io     LinkedIn- https://www.linkedin.com/showcase/myinnovationjourneys     YouTube- https://www.youtube.com/@MijS     Instagram- https://www.instagram.com/myinnovationjourneys     Facebook- https://www.facebook.com/profile.php?id=100083034112080     Twitter- https://twitter.com/MyInnovationJo1   Founder’s Links    Profile- https://www.mijs.io/sbakshi    Blog- https://shreyasbakshi.blogspot.com    LinkedIn- https://www.linkedin.com/in/shreyasbakshi   Publications Links    Book- https://mijs.io/book    Paper- https://www.ijosi.org/index.php/IJOSI/article/view/341/414   Hashtags #innovation #innovationculture #innovationleadership #innovationmanagement #innovationmindset #innovationecosystem #innovationstrategy #innovationmanager #innovationchallenge #innovationconsulting #innovationchampion #growth #disproportionate #breakthebias

All the links mentioned in the video are listed below: Company Links     Website- https://www.mijs.io     LinkedIn- https://www.linkedin.com/showcase/myinnovationjourneys     YouTube- https://www.youtube.com/@MijS     Instagram- https://www.instagram.com/myinnovationjourneys     Facebook- https://www.facebook.com/profile.php?id=100083034112080     Twitter- https://twitter.com/MyInnovationJo1   Founder’s Links    Profile- https://www.mijs.io/sbakshi    Blog- https://shreyasbakshi.blogspot.com    LinkedIn- https://www.linkedin.com/in/shreyasbakshi   Publications Links    Book- https://mijs.io/book    Paper- https://www.ijosi.org/index.php/IJOSI/article/view/341/414   #innovation #innovationculture #innovationleadership #innovationmanagement #innovationmindset #innovationecosystem #innovationstrategy #innovationmanager #innovationchallenge #innovationconsulting #innovationchampion #growth #disproportionate #breakthebias #breakthr

Those of us working within the innovation space know precisely how nuanced and subjective this discipline is, so much so that a lot of individuals and organisations have very different perspectives on it. I’ve gathered experiential data of such perspectives by engaging over 100+ organisations, and enabling 2500+ individuals, over the past decade and a half. However, to quantify the same, I conducted a LinkedIn Poll in which I asked my extended network to choose between four perspectives that I have predominantly come across. The number of perspectives which I could share were limited by the LinkedIn feature, and hence, I synthesised these into four discreet ones. To keep the options open for more and varied perspectives, I invited respondents to share anything else in the comments section. The poll options and the percentage of responses were as follows: A.   Joke: Taken lightly/ ridiculed     … 11% B.      Buzzword: Only talk, no action … 22% C.     Task: High action, low