Over the past decade, quality, efficiency and
safety have, to a certain degree permeated many
organizations, forming an integral component of the
organization’s quest to be competitive. However, in
recent years, the hype has been to add another word
to the companies’ load of initiatives; Innovation!
Despite the move, many organizations have not been
successful at diffusing innovation throughout their
organization, seemingly remaining just a buzz word.
Nonetheless, as organizational leaders sit in their lofty
pseudo cocoon, when many giants are crashing down
around them, are they truly aware of the need for their
organization to innovate?
In an era where change occurs in the blink of an eye,
investments into foresight and scenarios planning
are important to guide organizations develop
strategies for future investments. |
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However equally
important are how these strategies are translated
into action and the willingness of the organization
to change pathways with the emergence of new
events or circumstances.
In late July 2011, floodwaters drowned a third of
Thailand causing billions of dollars in damage,
putting 14,000 factories underwater and nearly
700,000 people temporarily out of work. Toyota,
Honda and Western Digital are only a few of the
giants that had to suspend their operations in
Thailand. How would any foresight or scenarios
planning session have predicted this disaster? If
this were your predicament, how agile is your
organization in exploring new strategies and how
well would you be able to implement them?
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