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2024-03-20 11:27:43

Futurist Jim Carroll on Nostr: Daily Inspiration: "World class innovators focus on skills partnerships as a key ...

Daily Inspiration: "World class innovators focus on skills partnerships as a key success factor!" - Futurist Jim Carroll
 
Organizations used to hire all the people they needed to do all the things that needed to be done. In a world of massive knowledge acceleration and specialization, this no longer makes sense - and indeed, is impossible. World-class innovators, as a result, pursue a strategy in which their ability to quickly form external knowledge partners will define their success going forward.

What I saw twenty years ago when compiling my list of world-class innovators was a group of companies who realized this reality - and innovated their way through it. World-class innovators realized early on that this business model of a structure that had all key skills in place was no longer possible.

Mastering this skill is one of the most important success factors today.
Think about it: these are the issues faced by organizations today:

- Accelerating knowledge: So much new knowledge is now generated that an organization cannot internalize all the knowledge it needs.

- Skills specialization: As skills become extremely narrow, identifying, accessing, and harnessing all required skills becomes impossible.

- Emergence of new careers: Organizations must continually adapt to the rapid emergence of new careers emerging from faster knowledge specialization.

- "Just-in-time knowledge": Getting the right knowledge at the right time for the right purpose from the right partner becomes a critical success factor!

Today, some organizations understand that relentless workforce and skills innovation is a key component of their overall innovation strategy, and you can see it in their success. Others still seem to cling to the command-and-control hierarchical business structure of the late 20th century - and in their actions, one can see the dinosaurs of a long-gone era lumber along in complacency!

Original post: https://jimcarroll.com/2024/03/daily-inspiration-mastering-innovation-world-class-innovators-focus-on-long-term-wins-through-constant-incremental-improvements/

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