EarlyBirds partners with Innovation Summit to drive innovative thinking - Kalkine Media

Highlights

• EarlyBirds has partnered with the Innovation Summit for companies and leaders to improve their capabilities and knowledge relating innovation world
• The event is scheduled to take place from March 28–31 2023 in Sydney
• EarlyBirds stands tall today as one of the top-performing open innovation ecosystem platforms in the global market
• As per a recent McKinsey survey, 70% of senior executives consider innovation one of the top three growth drivers in next three years

Open Innovation Ecosystem EarlyBirds has partnered with the Leading Innovation Summit. The summit, first of its kind event, will serve as a platform for leaders to refine their skillset with the new capabilities that are essential to pull forward innovative thinking across divisions at their organisations. The event is scheduled to take place from March 28 – 31 2023 in Sydney.

An overview of the first-of-its-kind event

A creation of The Leadership Institute, the Innovation Summit, is being organised to help leaders and the management team at organisations to gain skills and knowledge with continuous learning. The four-day immersive program will be marked with the presence of some of the renowned global leaders as mentors for participating companies.

Trust and purpose; equality, inclusion and diversity; innovation, technology and digital leadership; and strategy, growth and development - these are the four pillars of ethics of the Leadership Institute that govern the programs of the Leading Innovation Summit.

The Leadership Institute believes that the winners of the innovation race will ensure that the coming generations of consumers, including stakeholders, receive cut-above services.

Understanding innovation

There are mainly two types of innovation. Businesses opt for sustaining innovation to own the top position in the industry, while some organisations attempt disruptive innovation, including low-end disruption to new market disruptions, to set in a new wave in the market against established brands.

Image: © Rdomino | Megapixl.com, © 2023 Krish Capital Pty. Ltd.

Innovation plays a major role in pursuing growth for an organisation in the global market. To weave a success story, top-ranking firms effectuate both types of innovation to accomplish business goals. It also helps firms better adaptability to market forces, encourage growth, and override competitors in the industry.

A tryst b/w operational & innovation world

While there has been great backing for innovation, it is critical that creativity must be grounded in reality. Organisations must strike a fair balance between demands of the operational world with the innovation world. In the operational world, risk-prone actions are generally not encouraged in an organisation’s routine processes and procedures. In contrast, the innovative world promotes creativity and experimentation to give way to new ideas and trends. So, organisations need to adopt and implement the best of both worlds and achieve set targets.

EarlyBirds’ open-source intelligence platform and services let leaders and managers learn to have an amalgam of the operational and innovative worlds for their business. The platform holds data of more than 4.5 million global innovators, including startups, scaleups, and mature organisations across diverse business sectors.

The open-source intelligence platform is designed to empower firms and their leaders with the capabilities that are essential to fulfil the strategic and tactical needs of a business.

EarlyBirds’ ecosystem innovation maps
Leading the innovation world with an example, EarlyBirds has developed ecosystem innovation maps to provide critical data for strategic decision-making. These maps have been designed on a business or technical theme and contain dynamically updated data on the global industry. They can help firms understand crucial data, such as the impact of emerging and disruptive technologies, solving major problems, identifying strengths and weaknesses, and discovering opportunities for new business ventures.

McKinsey survey results on innovation & leadership

As per a recent McKinsey survey, around 70% of senior executives consider innovation to be one of the top three growth drivers in next three years. However, it is not a smooth sailing for most executives to stimulate innovation in their organisations.

Data source: EarlyBirds; Image: © Designer491 | Megapixl.com, © 2023 Krish Capital Pty. Ltd.