Mankind today is faced with challenges of historic proportions; to name a few - escalating violence around the world, widening divide between privileged and underprivileged, turbulent geo-political equations, global warming, - together they paint a gloomy picture. Equally profound are the possibilities ahead, as new technologies - unleash new powers of nature and converge to open new pathways of socio-economic advancement.
In order to face these challenges and explore the new possibilities, we need new approaches, new ways of relating with nature and each other, that will enhance the “innovation capacity” of society and allow us to leverage the power of emerging technologies in ways that will make future progress more equitable, sustainable and peaceful.
The triumphs of human endeavor of the last quarter century are indeed significant. The power of technology from intelligent hand held devices, high-speed wireless Internet, bioinformatics, nano and opto technologies to large scale engineering systems deployment in deep seas to hypersonic air and space travel, in resonance with each other, have opened up new frontiers of human imagination.
It is important to realize that, unlike the previous technological discontinuities triggered by the steam engine and the internal combustion engine which essentially helped mankind to go beyond physical limits of humans there-by change the meaning of space, mass, and time, the developments of the last 25 years and in the future will enable us to leverage the power of the mind, the power of the human spirit, - a power which in an ideal world is infinite.
Indeed we need to readjust our lens as to how we view the problems and possibilities at all levels of our thinking - Philosophical, Strategic and Operational - and, in turn, how we unleash the power of innovation to uncover the new rules of engagement with nature and each other.
Based upon his great knowledge of macro and micro economics, Partha Ghosh has deep insight on Japanese enterprise. His creative and strategic thinking to solve complex corporate problems generates innovative and unique plans for our Board of Directors.
- Yoshio Tateishi, Chairman of Omron
Partha Ghosh believes that the “Power of Innovation” is essentially a product of two fundamental vectors (exhibit below):
- Perspective or Conscience with which we view the possibilities and
- Courage and Creativity with which we break the rules to realize the possibilities.
In order to advance along the two vectors, organizations will be required to renew strategic discipline for the management of innovation that could drive the convergence of multiple disciplines and thought processes to create “innovation led“ growth paths which are profitable, perpetual and sustainable.
Partha Ghosh has an unusually imaginative and creative mind and has contributed a lot to the thinking about the Asia Pacific region.
- Jim Kennan, Deputy Premier, Queensland, Australia
Partha Ghosh’s work with organizations around the world, across a dozen industries suggests that innovation can only be inspired and maximized when senior leaders commit to the creation of a self-reinforcing culture based on the functions of four essential components: X, Y, Z and Σ (exhibit below). Together they shape an organization’s “culture and discipline” of innovation at multiple levels of decision making, including definition of corporate technology strategy, management of technology portfolio and guidance/execution of specific technology initiatives.
XYZ Σ Model Overview
Companies across industries are indeed faced with an historic opportunity to renew their approaches to access frontier technologies, while uncovering new technologies. Who will win in the future will be determined by how companies embrace new innovation and technology management processes, and cultivate cultural attributes that will celebrate:
- Cross flows of ideas and IP (X)
- Real-time structuring and restructuring of projects (Y) for ensuring R&D/project portfolios are dynamic
- Zig zag and resilient development (Z) of specific projects within strategic boundaries to reach specific targets while not loosing serendipitous opportunities in adjacent areas
- Continue harmonization (Σ) of X, Y and Z to enable a creative ferment all across, in continually nurturing an innovation ecosystem.
Partha Ghosh works with his client executive teams to design, develop and deploy formal and informal processes – to instill X, Y, Z and Σ in cultivating sustainable and self-enriching innovation culture.