Innovation Management and Business Transformation
Nov02

Innovation Management and Business Transformation

People often think that Innovation and Transformation are similar concepts when in reality they are opposing forces.  These forces need to be managed correctly in order for the organization to thrive and propel itself forward. SEAS presented at an Innovation Conference on this topic: managing the Ying-Yang of Innovation & Transformation.  You can access the presentation here....

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Dubai ‘smart city’: are we there yet?
Oct30

Dubai ‘smart city’: are we there yet?

A “smart city” vision is born as a response to the challenges that arise from the steadily growing number of people living in urban clusters. While an exact definition has yet to be formed, a smart city provides high quality of life to its citizens with the following six drivers acting as forces of innovation: 1. Smart mobility 2. Smart environment 3. Smart people 4. Smart living 5. Smart governance The main goal is to create a competitive and attractive business environment by leveraging on the human capital of the city, while allowing for wider participation in various aspects of public life. This includes developing novel ways to implement transportation systems and establishing an increased focus on natural resource preservation. An Information and Communications Technology (ICT) infrastructure is the basis of the smart city foundation because it provides advanced services in Intelligent Transport System (ITS), environmental and energy monitoring, building management, health care, public safety and security, and remote working and e-commerce domains. In other words, this type of infrastructure can play a key role in intertwining all the actors of a smart city to support the provision of ubiquitous services. According to United Nations estimates, the number of urban residents will rise to 5 billion by 2030 and 80 percent of the world population will live in urban areas by 2050. “City” has gradually replaced “Country” as the main unit on the perspective of global competitiveness due to the growing contribution of national Gross Domestic Product. In recent years, this urbanization trend has also affected developing countries. For instance, in China, urban population has grown to more thank 600 million, equaling 50 percent of the population living in urban areas. That is, urbanization has become an irresistible element globally when it comes to development of a country. The concept of a city taking the lead, in contrast to the countryside, Dubai has its position set to be a city of “now” and enjoys wealth of praise for its advanced ICT infrastructure. Dubai is the most liked urban city for the Middle East as well as all of Asia, in terms of where people move to pursue better quality of life and career opportunities. E-government has already been a great success for the Dubai government, and taking it in consideration, the government has embarked bigger initiative of e-services to transform Dubai into a “smart city.” How “smart” is Dubai already? Despite the success of Dubai’s government initiatives, a smart city initiative has its own challenges and obstacles. One has to critically analyze what status Dubai is considered now and what should it be anticipating when it comes to moving toward...

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Is your Innovation Blossoming?
Oct19

Is your Innovation Blossoming?

Seeing as innovation is an essential element for an organization to survive and succeed, most organizations spend a considerable amount of time, money and effort on making sure that they are innovative. Organizations would not go through all of this trouble without expecting a return, so there has to be a way to measure the outcomes of your innovation efforts to establish whether what you’re doing is working or if you should try something else. Luckily, measuring your success rate with innovation can be done in several different ways and can give you the full picture on how well your innovation efforts are impacting your business. Quantitative measurements: power in numbers Numbers are a straightforward and emphasized way to demonstrate the effect of innovation on a company.  Publicly listed companies are often heavily influenced by innovation; for proof, just look at the spike in Apple’s stock prices when a new innovation is announced.  There is a lot of speculation around stock prices which is why listed companies are so eager to be innovative or be perceived as innovative.  Other quantitative measures include return on investment and profits; however, there is a key performance indicator developed by the Balance Scorecard Institute that provides a measure for a successful innovation effect which isn’t so heavily based on the financial end game as it can be applied at any stage of the product life cycle. Called the Return on Product Development Expense (RoPDE™), this indicator measures the performance of product/service innovation and development by incorporating the common factors of innovation (increased number and quality of good ideas, increased efficiency in the implementation of good ideas and improved overall success from the implementation of good ideas). RoPDE™ is calculated by subtracting product development expense (PDE) from gross margin (GM) and dividing the total by product development expense (PDE): RoPDE™ = (GM-PDE)/PDE Quantitative indicators are able to give you the hard data on your innovation efforts, so I suggest that you choose the ones that measure the particular aspects of innovation that matter the most to you and include that in your analysis of whether your innovation efforts are paying off. Qualitative measurements: public opinion Of course, numbers can only tell a part of the story; qualitative measurements can give you the juicy information behind the data.  Qualitative research methods such as surveys and focus group discussions can give an in-depth picture of how your innovation efforts are paying off, but a cheaper and less complicated way to accomplish the same goal is through social media.  Thanks to the readiness of the public to give their opinion on something in an instant, there will...

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ABM Case Study Competition Round 1 Complete
Oct18

ABM Case Study Competition Round 1 Complete

The SEAS’ advisory board is happy to announce Round 1 winners in the Acme Building Materials (ABM) Case Study Competition.  Click here to access the Original Case Study post. Over the past several months we looked for the most active participants and those committed to work on the case study as thought leaders.  Today we are happy to announce the completion of Round 1 of our competition and the selection of the following individuals as “Lead Consultants“: Ahsan Rauf, Strategy & Enterprise Architecture Ajwad Adeel, Strategy & Performance Iyad Hindi, Enterprise Architecture Dima Khatib, Change Management Raheela Babar, Change Management Jayme Johnson, Change Management In addition, the following SEAS’ advisory board members will play roles in the Consulting Engagement simulation: Regine Deleu, Acme Building Material Board Member (To provide responses and guidance to the consulting team) Fadi Hindi, Engagement Partner (To guide the analysis, roadmap development, and offer guidance with strategy/frameworks) **Note: The SEAS’ case study is a Consulting Engagement Simulation without any commercials or financial/non-financial compensation to participants.  Individuals are participating in the case study as an academic exercise to further their knowledge and careers by subscribing to SEAS’ fundamental belief in knowledge sharing and career growth.  See our Mission & Values on the main home page for details.  ...

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Innovation and Strategy – Offer Management People Competencies
Jun26

Innovation and Strategy – Offer Management People Competencies

Strategy People who have deep experience and acquired wisdom are typically the best resources to execute your innovation strategy. In this post we will use a sports team Use Case. Use case A team sport with an objective to “win a cup” Your players are placed on teams Offense (4) Defense (4) Alternate players (3) Power Play (4) Your fans need to fill the stadium at all games You sell team gear You sell merchandise (souvenirs) Assumption The greatest role on a Wobbly team earns a player a role on either offense or defense teams. Has the greatest skill to adapt to different players on an opposing team Business Strategy In this use case we use the ability to play both positions as the strategy and highest degree of competency. An acquired competency to adapt to any opponent may best be acquired by having both offense and defense mastery The teams are shown below with the greatest competencies at the top and lowest at the bottom Developing the offer Teams Offense – EXPERT – Fast lane Similar to a process or business function type – has a specific set of skills in market and sell Can play both offense or defense Enables more agile players to adapt to the oppositions defensive player based on wisdom of playing or mastering the skill Can play power play positions Defense (4) – EXPERT – Fast lane Similar to a process or business function type – has a specific set of skills in operations and delivery Can play both offense or defense Enables more agile players to adapt to the oppositions offensive player based on wisdom of playing or mastering the skill Plays more than one power play positions Alternates (3) – ADVANCED – Middle Lane 2nd string has the ability to play in one or the other between offense and defense Not as skilled as the teams 1st string Power Player- GENERALIST – Slow Lane Suggest a Play rather than more than one play Specific to the play a Power play-infers a less skilled or limited competency Infers better than an alternate yet not as skilled as a defense or...

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Innovation and Strategy – Organizational Design Strategy
Jun25

Innovation and Strategy – Organizational Design Strategy

Innovation and Strategy "a digital Argonaut" digitalargonaut2@gmail.com Innovation What is innovation?  Well it’s going to depend on who or whom you ask the question.  The purpose of this blog will try to get past definition and get down to what’s behind the words and what people need to do to get work done. Innovation – is ideally ingrained in our culture, employees are encouraged to innovate and leaders reward the employees for their work towards the goal of being an innovative company.  The ability to measure a culture of innovation is far more subjective than any other performance measure. Innovation may be the way employees communicate about the newest offer the companies working on. Innovation may be the way a current offer get’s repositioned or different components used to increase functionality or add features. Innovation IS NOT usually an upgrade to a current operating system. For the sake of argument let’s use the same descriptions above and add a few points of interest often not known or understood by the various functions even in cases where the resources are highly effective, we are unlikely to know what we don’t know. Stakeholder and Operational Requirements High risk offers are the new inventions or offers that are NOT in the market and the industry analyst are decision makers about the readiness and category which the offer will be reported and measured against. The inventions a company and the shareholders/investors agree to accept a certain degree of risk, these are risk to these executive level stakeholders and the organization or agency must acquire a different type of insurance as part of the companies overall risk management portfolio. Insurance for the Directors and Officers (hold harmless – any fines are paid by the insurance in cases of a new offer causing monetary damage) Insurance for all investors and shareholders to prevent loss beyond the investment or percentage of the company where accepted risk was authorized. Medium risk offers are often a way a few existing offers may be segmented with a new acquisition offer improving the offer. The industry analyst will determine the new offer is now advanced which has a footnote to describe the advanced technology as a dollar amount of the GAAP moved to non-GAAP revenue reported. An organization or agency offering advanced technology offers has a greater risk if the features are ahead of their time as the consumers may not be prepared for the offers requirements for more power as an example; or the ability to monitor everything in our homes as another example. Neither example implies negative offers – the power must be available to the person buying...

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