Business moves fast, and now that we’re in a digital age of transformation, it moves at the speed of now. Keeping up with that pace is critical if you want to attain a competitive edge. When organizations want to innovate, it’s crucial to do so in an efficient manner so you can keep up with the digital transformation without sacrificing the quality of your portfolio.
Traditional Innovation Processes Fall Short
Corporate innovation has always looked a certain way and been comprised of predictable elements. A lead or director defines the objectives of an assignment and delegates the overall project into multiple, smaller deliverables scattered across a workforce. The leader clearly defines everyone’s responsibilities, and the team is off and running. However, this process takes a sufficient amount of time, and project management under this system is extremely taxing on resources and labor. The lead, or project manager, typically spends most of her time on workstream alignments and find it challenging to strengthen cooperation between individuals and teams. Given that success depends so much on cooperation and teamwork, this can cause problems both in the process and in the quality of the final deliverable.
Leveraging Your Network Can Help You Keep Up Without Sacrificing Quality
The situation outlined above is far too common, which is why initiating an innovative project by calling on your network to join forces is an excellent alternative. Not only can you get the project up and running much faster, but each member is likely to be excited about the project and work well with each other. Team assembly is moot, since an informal structure of cooperation will likely form on its own, and the mutual passion of your team’s membership will drive the project forward with natural momentum. In this way, you can spend more time on getting the work done and less time on managing people and processes, meaning your final deliverable is a higher quality product that you’ve produced in half the time when compared to the traditional model.
In this digital age of transformation, leveraging existing networks is as important as it ever has been.
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