Great note from Neil Ward-Dutton over at MWD Advisors - commenting on a recent conversation he'd had:
We were talking about different ways that organisations are looking to drive innovation into established businesses ? hackathons, corporate VC activities, and so on ? this company is doing it all, by the way. [...]
?The problem we often have,? he told me, ?is not about getting more new ideas into our businesses, but how we take new ideas and weave them into our existing operations so that we can deliver real products and services effectively?.
I think Neil and this executive hit the nail on the head.? If the software world is on fire with new tools, and your teams are alight with new ideas, and you're doing all the right things to get those ideas surfaced... Then the real challenge for your organization is execution!
- communicating the change or strategy
- weaving a new technology or practice into the normal course of business in order to extract the most value out of it.
- the rate of dissemination of new technologies, tools, and ideas is the limiting factor for benefiting from them.
This is the old adage of ideas and execution.? Ideas have no value without the execution! ?
And this is where BPM can play.? BPM can be an instrument for coordinating changes; for pushing out new tools, tech, and platforms; and for weaving those new things into the normal course of doing business. In short, BPM is about execution of your business.?