Subscribe
The Premier Virtual Financial Services Gathering of Business Transformation & Operational Excellence Industry Leaders & Senior-Executive

Virtual Event

March 21, 2023

The Largest Premier Gathering of Process Mining Industry Leaders & Senior-Executives sharing key solutions to current & future challenges

Virtual Event

April 4, 2023

The Largest Premier Gathering of Supply Chain Industry Leaders & Senior-Executives sharing key solutions to current & future challenges

Virtual Event

May 9-11, 2023

The Largest Premier Gathering of Enterprise Agile Industry Leaders & Senior-Executives sharing key solutions to current & future challenges

Virtual Event

May 16-18, 2023

The Largest Premier Gathering of Enterprise Architecture Leaders & Executives sharing key solutions to current & future challenges

Virtual Event

May 23-25, 2023

The Premier Virtual Gathering of Oil & Gas Business Transformation & Operational Excellence Industry Leaders & Senior-Executives.

Virtual Event

May 30-June 2, 2023

The Largest Premier Gathering of IT & Cloud Industry Leaders & Senior-Executives sharing key solutions to current & future challenges

Virtual Event

June 6-8, 2023

The Largest Premier Gathering of IoT Industry Leaders & Senior-Executives sharing key solutions to current & future challenges

Virtual Event

June 13-15, 2023

The Premier Virtual Financial Services Gathering of Business Transformation & Operational Excellence Industry Leaders & Senior-Executive

Virtual Event

March 21, 2023

Sandeep Nath
By
February 15, 2022

INSIGHTS ARTICLE: RENEWALism.com - Sandeep Nath: Using Operational Excellence for Innovation Execution

BLOGS COMPANY LOGO (30)

pillar%20page%20line%201

Using Operational Excellence for Innovation Execution
 
What is Innovation? If you examine the basics when one innovates one makes the variables redundant. When the iPod came into the world, it didn’t matter whether 33 rpm was better or 45. Whether the right tool for rewinding a tape was a pencil or a screwdriver. It didn’t even matter whether market research showed up a need for the product.
 
Innovation directly grabs the market and shakes it into a new paradigm. But does that apply to every innovative idea? Clearly not, or else with 7 billion thinking humans, we could be in a perpetual shake. So why aren’t we? Because it takes a structured system behind the innovation to bring it to fruition. And that system relies on the three Operational Ps, which are:
 
1. Purpose
 
Organizations can be set up with various purposes. For the sake of understanding, let’s take three:
• To disrupt the market
• To serve a defined market
• To cash in an opportunity
 
An organization that is conceived with the purpose of disrupting the market is very different from one set up to serve a market or cash in an opportunity. Microsoft saw the opportunity where IBM didn’t and moved in. While it evolved to serve with its basket of products, Apple aimed at disruption starting with a concept as obscure as a font.
 
Naturally, therefore, Apple’s DNA has been about making the variables redundant. The approach – while Jobs was there – was to think ahead of the customer and build a wow-factor into every product. Arguably, by now, the iPhone would have become less hardware and more projection-ware. And that demonstrates how, when Purpose changes (twice at Apple), innovation goes down the toilet.
 
2. Process
 
Using operational excellence for innovation execution links directly into the processes set up within your system for taking innovation to scale. Without the right communication and marketing, even the iPod could have slid under wherever biodegradable toilet seat covers went. Without financial planning to scale up, it could have been a fond memory, a blip.
 
So how do you structure processes to move from point A to point B? How do you ensure that inter-departmental processes and workflow are continuous and seamless to avoid waste and inefficiencies? Do you evaluate customer demands to ensure that your organization is operating on the feedback and not expending resources on more than what is necessary?
 
3. People
 
The crux of organizations running with/on Purpose and Processes is People. While leadership (like Jobs) is important, the operations are carried out by the rank and file which are the real people that must be aligned in two ways.
 
One, every JD, KRA, and reporting matrix must map with the organization’s vision, values, and purpose. If not, this misalignment will cause organizational stress as individuals work at cross-purposes and their output is anything but innovative. And two, every individual must be in internal alignment of body, mind, and spirit, so that what they do, say, and feel is congruent and supportive to the overall dynamic of operational culture. With this, execution will become stress-free within teams, despite differences.
 
To conclude, organizations driving an innovation agenda must constantly review their operational Ps. While the right inputs of people, process, and purpose can heighten innovation execution, a more innovative company might not necessarily have the Ps set in place, which makes the possibility of sustaining innovation questionable. 

pillar%20page%20line%201


Proqis Digital Virtual Conference Series

View our schedule of industry leading free to attend virtual conferences. Each a premier gathering of industry thought leaders and experts sharing key solutions to current challenges.

Download the most comprehensive OpEx Resport in the Industry

The Largest Leadership-Level Business Transformation & Operational Excellence Event

The Business Transformation & Operational Excellence Industry Awards Video Presentation

Proqis Events Schedule

Proqis Digital

The Business Transformation & Operational Excellence Industry Awards

Welcome to BTOES Insights, the content portal for Business Transformation & Operational Excellence opinions, reports & news.

Submit an Article

300x3001c (1)
24097-Proqis-Media-Pack-Banner-300x300
ACCESS 50 VIDEO PRESENTATIONS
Access all 75 Award Finalist Entires
RESEARCH REPORT 2021/2022
BTOES AWARD - NO DATE
BTOES UNIVERSAL GRAPHIC - NO DATE
Subscribe to Business Transformation & Operational Excellence Insights Now
btoes19.png
png
DO NOT TOUCH - SPEX  - Proqis Digital Event Graphics for Forward Schedule Email (47)
10-Feb-07-2023-01-57-32-2488-PM
14-Feb-02-2023-08-38-19-1475-AM
15-Feb-02-2023-08-38-54-5518-AM
16-Feb-02-2023-08-40-53-6692-AM
17-Feb-02-2023-08-41-37-8227-AM
png

Featured Content

  • Best Achievement of Operational Excellence in Technology & Communications: IBM
  • Best Achievement of Operational Excellence in Oil & Gas, Power & Utilities: Black & Veatch
  • Best Achievement in Cultural Transformation to deliver a high performing Operational Excellence culture: NextEra Energy
   
Operational Excellence Frameworks and Learning Resources, Customer Experience, Digital Transformation and more introductions
  • Intelligent BPM Systems: Impact & Opportunity
  • Surviving_the_IT_Talent_deficit.png
  • Six Sigma's Best Kept Secret: Motorola & The Malcolm Baldrige Awards
  • The Value-Switch for Digitalization Initiatives: Business Process Management
  • Process of Process Management: Strategy Execution in a Digital World

Popular Tags

Speaker Presentation Operational Excellence Business Transformation Business Improvement Business Excellence Process Management Continuous Improvement process excellence Process Optimization Process Improvement Award Finalist Case Study Digital Transformation Leadership Enterprise Excellence Change Management Lean Premium Organizational Excellence Lean Enterprise Lean Six Sigma Execution Excellence Capability Excellence New Technologies Changing & Improving Company Culture Agile end-to-end Business Transformation Enterprise Architecture Execution & Sustaining OpEx Projects Insights Article Leadership Understanding & Buy-In Lack of/Need for Resources Culture Transformation Adapting to Business Trends Changing Customer Demands Failure to Innovate Integrating CI Methodologies Lack of/Need for Skilled Workers Lack of/Need for Support from Employees Maintaining key Priorities Relationships Between Departments BTOES18 RPA & Intelligent Automation Live BTOES From Home Financial Services Technology Customer Experience Excellence Process Mining Healthcare iBPM Healthcare and Medical Devices Process Automation Culture Customer Experience Innovation BTOES Video Presentations Exclusive Webinar BTOES HEALTH Cultural Transformation Strategy Execution Business Challenges Digital Process Automation Report Industry Digital Workplace Transformation Manufacturing Robotic Process Automation (RPA) IT Infrastructure & Cloud Strategies Supply Chain Planning Automation BPM innovation execution AI Lean Manufacturing Artificial Intelligence Oil & Gas Robotic Process Automation IT value creation Agility Business Speaker Article Systems Engineering RPAs Insurance Process Design Digital Speaker's Interview data management digital operations Awards thought leaders BTOES Presentation Slides Business Process Management Cloud Intelligent Automation Machine Learning Data Analytics Digital Transformation Workplace Transformation Banking and Capital Markets Data Finance Professional Services Education IT Infrastructure IT Infrastructure & Cloud Strategies Live Blockchain Interview BTOES White Paper investment banking BTOES19 Consumer Products & Retail Enterprise Agile Planning Government Operational Excellence Model Project Management Solving Cash Flow with AI Algorithm Analytics Insight Automotive and Transportation Banking Business Environment Digital Bank Hybrid Work Model Primary Measure of succes Relationship Management Sales business expansion revenue growth Adobe Sign Agile Transformation CoE Delivery solution E-Signatures Electricity Global Technology HealthcareTechnologies Innovation in Healthcare Transportation Accounts Receivable (AR) Big Data Technology CORE Cloud Technology Cognitive learning Days Sales Outstanding (DSO) Enterprise architecture as an enabler Logistics Services Operational Excellence Example Risk Management business process automation transformation journey Covid-19 Data Entry Digital Experience Digital Network Digital Network Assistant (DNA) Digitization Drinks HR Internet Media NPS Net Promoter Score Program Management Portal (PgMP) Six Sigma Sustainability TechXLive The Document is Dead The New Era of Automation Automated Money Movement Banking & Financial Services Biopharmaceutical Blue Room Effect Building Your Future Workforce in Insurance Capital Market Creative Passion Digital Transformation Workplace Live Digital Workforce Digitalization ERP Transformation Effective Change Leaders Finance Global Operations (FGO) Financial Services Software Frameworks Hoshin Planning Human Capital Lean Culture Natural Gas Infrastructure Natural Language Processing Organizational Change Pharmaceutical Pharmaceuticals & Life Sciences Project manager Reduce your RPA TCO Supply Chain Management Sustainable Growth The Fully Automated Contact Center Transformation Initiatives Workplace Analytics eForms eSignatures 3D Thinking BEAM BFARM BTOES17 Big Data Processing Business Analytics Business Growth Business Process Governance Centralized Performance Monitoring System Communication Creativity Digital Technologies Digital Technology Educational Psychologist Energy Management Health Insurance Health Maintenance Organizations Hospitality & Construction Human Centered Design Integrated Decision Approach Integrated Decision Making Intelligent Document Processing Kaizen Medicare Moodset for Excellence Natural Language Processing (NLP) Offering Managers Oil and Gas Optical Character Recognition (OCR) Pharmaceuticals and Life Sciences Photographing Price and Routing Tracking (PART) Process Design Document (PDD) Product Identifier Descriptions (PIDs) Python Quote to Cash (Q2C) Resilience SAP Sales Quota Team Work Telecommunications Text Mining Visually Displayed Work Culture master text analytics virtual resource management

Proqis Digital Virtual Conference Series

View our schedule of industry leading free to attend virtual conferences. Each a premier gathering of industry thought leaders and experts sharing key solutions to current challenges.

Webinars

 

Delivered by Progressive Thought-Leaders

 

Watch On-Demand Recordings For Free

Watch On-Demand Recording - Access all sessions from progressive thought leaders free of charge from our industry leading virtual conferences.
 

Best-In-Class Training

Delivered by the industry's most progressive thought leaders from the world's top brands.
Start learning today!
 

BTOES From Home - On-Demand

The premier Business Transformation & Operational Excellence Conference. Watch sessions on-demand for free. Use code: BFH1120

Proqis Digital Virtual Conference Series

View our schedule of industry leading free to attend virtual conferences. Each a premier gathering of industry thought leaders and experts sharing key solutions to current challenges.

Webinars

 

Delivered by Progressive Thought-Leaders

 

Watch On-Demand Recordings For Free

Watch On-Demand Recording - Access all sessions from progressive thought leaders free of charge from our industry leading virtual conferences.
 

Best-In-Class Training

Delivered by the industry's most progressive thought leaders from the world's top brands.
Start learning today!
 

BTOES From Home - On-Demand

The premier Business Transformation & Operational Excellence Conference. Watch sessions on-demand for free. Use code: BFH1120