Growing cities show an increasing level of innovation per capita, but organizations show just the opposite – the level of innovation per employee decreases as the organizations grow. No management is free from struggles when it comes to digitization and the innovation of our products, services, and business models. However, we may miss that the foremost important innovation is reinventing ourselves and our organizations.
Change will never be as slow as today. The successor of the steam engine will not be a faster steam engine. The aim must be to create an organization that continuously senses and respond to opportunities and threats. This requires supportive organizational structures and cultures built on trust, collaboration, and a growth mindset. This is no picnic. This is an endurance race, but the only race we can’t disregard if we want to be fit for capturing the future.
Innovation happens at the intersection of megatrends and all future success will be the result of joint efforts. Customers and partners must be seen as one of us.
The most vital organizational capability is the capacity for renewal.