It's on Everyone's Lips

Without a doubt, 2016 has been the year of innovation. A number of conventions and events for human resources professionals have made it their preferred theme.

Innovation has also been a very prominent theme in other sectors. Here are just a few.

Many companies appear to have opted for innovation to cope with an increasingly VUCA environment (an acronym for volatility, uncertainty, complexity and ambiguity first coined by the U.S. Army but now used in the business world). Is this just the next passing fad or a reality that’s here to stay? Market data appears to confirm that the turbulence described by VUCA is indeed being felt and will not go away soon.

But why innovate and what does it mean? A quick check around the water cooler elicits interesting discussions, as each person has a unique definition and perspective. According to the Oslo Manual “An innovation is the implementation of a new or significantly improved product (good or service), a process, a new marketing method, or a new organisational method in business practices, workplace organisation or external relations.”

The word innovation implies a desire to break with the past and challenge the status quo, as if the current situation were unsatisfactory. So in 2016, why are HR and other sectors so avid to innovate? VUCA offers a few possible answers by specifying the context in which businesses now operate. On a winding road, a driver must remain alert to stay on the road and not fall behind.

Have your company and your sector made the transition to innovation?

If not, you are probably already trailing your competitors!