Shreyas Bakshi

  "The world is a lab" is a popular concept.  Here is my take on what it means for innovation . Many organisations invest in innovation labs, centres and similar facilities to support innovation. This is often a sensible investment because innovation can require specialised equipment, technologies, expertise and infrastructure. However, every innovation lab is designed around today's understanding of tomorrow. The technologies selected, the equipment installed and the expertise assembled are all based on assumptions regarding what future innovations might require. Yet truly innovative concepts often challenge those assumptions. A breakthrough idea may depend on technologies that did not exist when the lab was designed. It may require expertise that sits outside the organisation.  It may involve capabilities that have never previously been combined. It may even demand an entirely new ecosystem of partners, suppliers and technologies. As a result, the infrastructure created...

  Many organisations invest in innovation labs, centres and similar facilities to support innovation. This is often a sensible investment because innovation can require specialised equipment, technologies, expertise and infrastructure. However, every innovation lab is designed around today's understanding of tomorrow. The technologies selected, the equipment installed and the expertise assembled are all based on assumptions regarding what future innovations might require. Yet truly innovative concepts often challenge those assumptions. A breakthrough idea may depend on technologies that did not exist when the lab was designed. It may require expertise that sits outside the organisation. It may involve capabilities that have never previously been combined. It may even demand an entirely new ecosystem of partners, suppliers and technologies. As a result, the infrastructure created to enable innovation can sometimes become a limitation to innovation. The challenge is not o...

Innovation is often visible in taglines, narratives, and presentations (PPTs), but does not always translate into outcomes reflected in Profit Before Tax (PBT). For many organisations, the innovation journey often begins with articulation e.g. innovation-led taglines vision and mission statements strategic narratives transformation messaging Some organisations go further and take measures such as: set up innovation labs launch dedicated initiatives include innovation in capability-building programmes establish new operating structures In fact, some organisations even position testing or experimentation facilities as innovation centres. The intent is visible. The aspiration is genuine. Yet in many organisations, the outcomes do not always move at the pace or scale initially envisioned. One possible reason may be that organisations often focus first on visible innovation measures before addressing deeper organisational alignment. These may not alw...

Innovation mindset is often described through familiar qualities – curiosity, exploration, experimentation, openness to challenge. But in real innovation journeys, the question is rarely whether these qualities are present. It is about how each situation is interpreted as it unfolds. While the familiar qualities continue to hold value, much of one’s thinking remains deeply personal. It is shaped by how one has learned to interpret situations over time – and often reveals itself subconsciously in the moment, quietly influencing how the innovation journey is navigated. In such moments, innovation becomes less about applying predefined mindsets, and more about recognising the thinking at play – and what may need to shift. How often do we pause to notice how our thinking shapes our innovation journeys? Across diverse innovation contexts, I have seen meaningful progress begin here. The MijS Discipline of Innovation incorporates this aspect – recognising and working with und...

  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...