Ultimately, every great organisation is supported by a workforce that has the right tools, platform, and culture to drive innovation.
Innovation
that does not simplify and enable the work of employees will not deliver the
results leaders want.
Whether
it is data visualisation tools to improve analytics or an efficient expense
management system to automate claims, new technologies are fast disrupting the
way we conduct business.
Today,
organisations across the world are starting to embark on digital transformation
as they seek to digitise their business and reap the gains that technology can
offer. This is especially prevalent in Asia-Pacific, where more than half of
large organisations in the region already have a formal strategy set in place –
ahead of both Europe and North America.
While
we celebrate the region’s proactive approach to new technologies, it is only
half the battle won when it comes to remaining competitive in today’s Digital
Age.
Gone
are the days where an award-winning solution will guarantee a pole position in
the industry. The creativity and innovation that come from an organisation’s
most valuable asset—its people—needs to be maximised for it to develop
solutions that deeply resonate with the customers’ needs and deliver the high
level of service they are increasingly demanding. This, I feel, gives companies
the competitive edge to stand out in today’s crowded market space.
So
what does it take to unlock your employees’ full potential? It’s simple. Create
an employee experience—not just engagement—that is centred on a culture of
innovation, one that fosters deeper collaboration, ramps up efficiency, and
builds employee loyalty. However, as the old adage goes, everything is easier
said than done.
Personally,
I keep the three following considerations in mind to ensure Lenovo’s employees
are set for success:
Change starts from the top
According
to a recent study by Microsoft, less than half of Asian employees feel
empowered by their organisations to embrace the demands of the digital
workplace. While adopting new technologies is a great first step towards
digitisation, the power of influence plays an equally crucial role in creating
the right environment for innovation to thrive in; this can be achieved if
business leaders embody an entrepreneurial mindset that sets the tone for
employees to follow suit.
This
means moving away from the traditional top-down management model and towards a
two-way communication process instead. Recognise that your employees are your
first line of advocates and invest more time in getting to know them. You can
start by first defining strategic, organisation-wide policies to encourage
candid discussions beyond the old suggestion box.
Organising
healthy inter-departmental competitions centred on innovation is also a great
way to spark excitement and ideas that go a long way in driving culture change.
What is important to keep in mind is that change always begins with action.
While driving conversation may be a good start, management teams need to set an
example by taking the first step before others follow suit.
Empowered employees will
empower businesses
McKinsey
recently revealed that while more than 80% of executives acknowledge the
crucial role innovation plays in an organisation’s growth strategy, only six
percent are satisfied with the outcome of their business transformation. Why
the disparity? In the race towards modernising their business, many tend to
forget that meaningful innovation is built upon addressing business needs and
end-user feedback. In other words, innovation that does not simplify and enable
the work of employees will not deliver the business benefits leaders crave for.
Gaining
insights into your employees’ pain points on all levels, be it their grumblings
of tedious administrative tasks or more strategic conundrums, is critical to
identifying the areas where innovation can make the most positive impact.
Lenovo, for instance, recently developed a suite of internal sales tools to
address the pressing administrative challenges of its sales employees. What
previously took 45 minutes now takes only five, enabling them to dedicate the
time saved from administrative work into building relationships with customers
and prospects.
A celebration of failure
Many
inventors quote failure as their recipe for success. As such, business leaders
need to be bold and acknowledge that failure is part and parcel of every
success story. Only by failing will companies be presented with the opportunity
to measure the gap between action and results, make better-informed decisions
and ultimately, create a culture of innovation that drives great results.
Take
Alphabet’s X, an American research-and-development facility built upon a
foundation of failures. Its director Astro Teller says the organisation
believes in rewarding employees for failing, in order to encourage them to take
risks and make breakthroughs. The result? Creative innovations that are solving
the world’s problems, such as Project Loon – a network of balloons travelling
on the edge of space, designed to connect people in rural and remote areas to
the world wide web and help bring people back online after natural disasters.
Though
failure is not synonymous with progress, it does indicate that experimentation
and innovation are occurring. Weeding out the fear of being right or wrong
removes the ceiling on the success that can be attained by employees.
Ultimately,
every great organisation is supported by a workforce that has the right tools,
platform, and culture to drive innovation. Staying relevant in today’s highly
competitive environment requires a transformation blueprint that puts the
employees at the heart of the business. After all, motivated and innovative
employees generally equate to better offerings and happy customers.
And tell me, which
business leaders do not want happy customers?