One year ago today, I was on stage in Sydney, Australia, opening the 2008 Toshiba Mobility Exchange Conference.
Part of my talk focused on the issue of “innovation in the high velocity economy.”
Looking back at a clip from the talk, one year after the global economic meltdown, some key points continue to remain extremely valid going forward as the economic recovery begins.
In a summary, my point then, and my point now, is that innovative organizations concentrate on:
- an accelerated innovation cycle
- rapid ingestion of new technologies / methodologies
- faster time to market
- rapid re-focusing of resources for opportunity or threat
- rabid focus on operational excellence
- innovating for rapid customer change
- nomadic workforce
- rapid response to volatility
If you can nail those things, you are well positioned to deal with what the global economy tosses your way.
Looking back at my slide deck, I concluded with the observation that high-velocity innovators concentrate on “global scalability, rapid assembly of teams, and hierarchy destroyed, because of a relentless focus on fast, emerging opportunity.”
I don’t think any of that has changed despite everything that has gone in the last year, and it still provides a good framework for innovative thinking.