The role of a business leader has never been tougher, especially from a technology and business model sustainability point of view. To survive the competitive crucible of fast-changing markets and that are ever so often disrupted by technology advancements, the path of an enterprise is truly vested in the capabilities and foresight of its leaders to innovate successfully.

Business leaders have their work cut out to evaluate and decide on their innovation strategy and priorities; all the more so because the ramifications and opportunities for each innovation idea can span across the entire organisation or even possibly spill over to that of external stakeholder organisations.

Innovation is serious business – it is an intensive formulation and execution management process. From researching and sifting through the multitude of innovation solution possibilities, concepts, approaches to determine the innovation strategy that is best-fit for its business model, to gathering of requirements from each business function that will be impacted by the innovation, to implementing of the innovation, to driving innovation adoption and changing management processes – highly analytical and committed resources are essential at every stage of the journey.

Astute business leaders channel Partnership thinking on the challenging mission to transform business models and deliver high-impact enterprise productivity innovation. They glean from the collective intelligence and leverage on resources from technology services vendors, internal stakeholder champions, and even external stakeholders such as suppliers, customers and government agencies. The ability to forge and align such partnerships will enable the most savvy business leaders to tap into the knowledgebase and resources to propel their innovation projects, achieving the highest yield possible in the most cost-effective manner.