Innovation and Disruptive Change
Disruptive Change and Innovation.
Peter Newman from Applied Innovation Centre (AIC) converses with Sharon Sims from Equipoise Digital as to why innovation is required.
Peter passionately explains that innovation is rather unique and allows organisations an advantage with regards to outlasting their competitors. The process of innovation opens up awareness of different perspectives on how a business can operate, survive and thrive.
AIC have identified 43 different elements that are crucial to business, revealing what a business needs to address. With a specific manner of operation, the innovation strategy supports disruptive change. Peter makes reference to a KPI that has been developed to monitor and support the innovation, because innovation is key to business survival and adaptability.
Why Innovate?
Innovation allows organizations to stay relevant in the competitive market, it also plays an important role in economic growth. Disruptive change occurs when business models are being fundamentally challenged, changed and re-invented. Business leaders must be experts at managing changes, driving innovation, creating disruption and of course guiding others through it. In business today, the challenging environment requires breakthrough thinking (innovation and change) by everyone across the organisation.
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