Whether people and organizations like it or not, the current pandemic is accelerating the digitalization of the enterprise at all levels. Still, many organizations are late to the party, and some aren’t acting at all.
There are thousands of books written, consulting services sold, it’s talked about all the time, and I’ve written about this many times, yet people continue to ask: what’s the fastest, less risky, path to innovation? Is there a cheat code?
One of the biggest mistakes people make as they take on leadership roles is they focus too much on the bottom line, and not much on how those results are achieved. Results matter, but unfortunately what they fail to see that improvement happens in the how not in the what.
Fail fast and often is a phrase that has grown in legend in the last decade. It originated in the startup world, and has taken on a life of its own. To fail fast and often means that the faster you fail the faster you’ll reach success. Unfortunately, it doesn’t work this way.
This COVID-19 situation is making people act in very predictably irrational ways. Some people are arguing that COVID-19 is some kind of hoax, that it’s been made up to destabilize the economy on purpose. I’ve heard other people argue that the virus was made in a lab, it wasn’t; it comes from nature.
Innovation is really about leadership. So how can you encourage innovation in your organization? There is no one thing, no recipe to follow. But, there are principles that you can follow to drive innovation in your organization.
Throughout the school year a university in Mexico, Cetys, invited experts from outside to come to campus and talk about different topics to its students. I was invited to talk about disruptive innovation, but the COVID-19 virus changed that and classes and all other activities were cancelled.