Devdutt Shukla’s Post

💡 The Global Innovation Index (GII) 2024, published by the World Intellectual Property Organization (WIPO), ranks 133 economies based on their innovation capabilities and performance. 📊 This year’s report highlights shifts in global innovation leadership, with a focus on emerging economies challenging traditional leaders. ✅ The GII measures each economy based on seven underlying innovation pillars, which altogether comprise 78 indicators. Innovation Pillars: 👨💻 Knowledge & Tech Outputs 👩🏫 Human Capital & Research 🧳 Business Sophistication 📈 Market Sophistication 💡 Creative Outputs 🛣️ Infrastructure 🏛️ Institutions Source: visualcapitalist.com

I recently completed an insightful course by innovation thought leader Deborah Perry Piscione on “Executing on Innovation: A Process That Scales”, where she shared a proprietary methodology for tapping into the talents and ideas of every employee within an organization. In today's competitive market, bold ideas and innovative thinking are critical for survival and growth. Leaders often ask, "Where is the next big idea?" or "How can we harness the creativity of our teams?" Deborah's bottom-up approach is designed to do just that—cultivating groundbreaking ideas from employees at every level, ultimately driving top-line growth and shifting organizations into a growth mindset. #innovation #leadership #growth #employees #futureofwork #newideas 

🌟 Featured Friday: The Power of Strategic Risk-Taking 🌟 Great leaders know that the path to innovation and growth often requires calculated risks. It's not about jumping blindly into uncertainty but about evaluating opportunities and taking smart, strategic chances. Today’s insight: bold moves can lead to breakthroughs—when done with careful planning and foresight.

🚀 Embracing the Digital Difference 🌐 In today’s fast-paced world, digital transformation is not merely a trend—it's a necessity. Anand Eswaran’s insights from the HBR Analytic Services report, "Winners and Losers in the Digital Economy," published several years ago, underscore how technology is fundamentally reshaping lives and business operations worldwide. This article is still relevant today. 🌟 Key Takeaways from the article: 1. No doubt, digital solutions are reshaping and will continue to shape our everyday experiences. 2. There's a significant strategy gap, but business leaders are optimistic and eager to leverage technology (gap closure significantly accelerated by post Covid-era). 3. In a world of micro revolutions, staying ahead means constant innovation and adaptability. 4. Combining human creativity with advanced technology fosters digital leadership and market dominance. #DigitalTransformation #Innovation #Leadership #TechForGood

In "True or False: Strategic Innovation is Too Scary," Gina O'Connor, professor of innovation management at Babson College states that we know the following about strategic innovation: ✅ It results in above-normal returns to stock market value. ✅ It prevents being on the receiving end of disruption.  ✅ It offers whole new pathways of growth, providing opportunities for companies to renew themselves as their businesses commoditize or come under threat.  ✅ It generates employee enthusiasm and pride. ✅ It can dramatically enhance a company’s reputation in society for addressing important problems and bringing entirely new sources of value to the market.  ✅ It thrives under a structural ambidexterity approach. But, she asks, "Why do organizational leaders keep backing away from “beyond incremental?" https://lnkd.in/egdWQzS4

McKinsey & Company has released a comprehensive report on the state of deep tech in Europe, highlighting the immense potential for innovation and growth. This report provides valuable insights into how Europe can lead in transforming groundbreaking research into market-ready solutions. The report underscores the importance of fostering strong leadership and strategic investments to navigate this transition successfully. Get the full report here: https://lnkd.in/eVMUhrAd #DeepTech #Innovation #Europe #LabToMarket #McKinsey #Leadership #TechReport #Investment #Growth

🎓 Senior leaders, are you ready to embrace courageous innovation? 🚀 Unlock the power of essential practices to drive transformative change and lead your team to success! 💼💡 For more insights and news from a future directed Ecosystem join United Women Leaders 👉 👉Subscribe here: https://vist.ly/tvfy 📚 Dive into the full article on Forbes #leadership #innovation #professionaldevelopment 🌟👩💼

Within established companies, the long term success of innovation depends a lot on the level of support that innovation teams get from key leaders. The role of the CEO is particularly important in this context, because: https://hubs.la/Q02HcwYJ0

It hasn't gone unnoticed to anyone that the advancements in technology are evolving... rapidly. Transformation is no longer a 'trend', but vital for businesses to stay relevant; and those that are able to adapt and innovate hold the power in their market. 🧠 Recent studies show that 80% of companies are planning to accelerate their digital transformation efforts. To me, this surge highlights a critical understanding: staying relevant and competitive requires more than just keeping up with current technologies; it demands a forward-thinking, strategic approach to future-proofing business models. For companies aiming to remain market leaders, it's essential to: ➕ Invest in Emerging Technologies ➕ Invite Innovation ➕ Develop a Digital Strategy ➕ Ensure Scalability and Flexibility ➕ And last but not least, build a culture of innovation within your team. The ability to evolve isn't just an advantage—it's a vital component of success. #DigitalTransformation #FutureProofing #Solveandevolve #Innovation #Technology #BusinessStrategy #Leadership #CustomerExperience #Scalability #MarketLeaders #Adaptability JOURNEY- Mikey Milne, Andy Robilliard, Steve Adams, Dane Tatana