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I closed out my posts in 2023 reflecting on the “golden” threads that need to weave through innovation business ecosystems. So equally I share these four threads here again as they are so important to Business Ecosystem thinking and design going forward. Ecosystems are not static; they are alive and ever-changing.
Here is the story as I look back at 2023 …… Once upon a time, in a world driven by innovation, there was a transformative concept known as the Integrated Framework for Innovation Ecosystems. The fourth thread, competitive positioning, taught us that thriving in this dynamic environment required strategicthinking.
I completed a series of posts in April 2023, published on this posting site, on cross-sector needs when considering or working in innovation ecosystems. All the elements of skills, processes, tools, capabilities and behaviours are essential in supporting an effective collaboration across sectors that need to be involved.
Improved Focus : With day-to-day distractions left behind, your team can concentrate fully on strategic issues and high-level thinking. Enhanced Collaboration : Offsites encourage open communication and teamwork, fostering a spirit of cooperation that can lead to innovative solutions. Objectives should be S.M.A.R.T
This phase lays the groundwork for a successful meeting where strategic goals can be effectively developed and refined. It should be conducive to the creative and strategicthinking that you aim to foster among your executive team. Facilitate a session where your team can collaboratively identify each of these elements.
In July 2023, Brunner promoted Magdich from director of creative services to VP, executive creative director. Looking back, 18-year-old me would have never imagined collaborating with brands like Google, Dropbox, Church’s Texas Chicken, Starbucks, Marvel, The Home Depot Rental, Nationwide. We are freakishly collaborative.
These retreats are not merely a change of scenery but a strategic move to foster innovation and alignment among the top decision-makers of your company. The value of such gatherings lies in their capacity to refresh perspectives, encourage strategicthinking, and address complex challenges without the distractions of the office environment.
To avoid the pitfalls of a static strategy and ensure your business is future-proof, it’s essential to foster a culture of agility and strategic foresight. Cultivating a Forward-Thinking Mindset The future belongs to those who prepare for it today. Reward calculated risk-taking, even when it doesn’t always lead to success.
Improved Efficiency : By automating routine tasks, AI frees up your team to focus on strategicthinking and creative solutions. Providing training can help bridge the gap between AI technology and strategic application. Invest in Talent and Training : Ensure that your team has the expertise to manage and interpret AI systems.
These include strategicthinking, problem-solving, facilitation, and interpersonal communication. Self-Assessment Table: Factors Questions to Consider Skills Do you have strong strategicthinking and problem-solving skills? Education Do you possess a degree in a related field or are you willing to pursue one?
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