Work process innovation

the opportunity to generate work process innovations through the application of IT and basic industrial engineering seems to be infinite.Work processes in alot of traditional organizations have gone on unexamined for a long period of time.
This creates wastage and of course missed opportunities.
Application of process mapping tools and the fusion of work processes with IT tools and capabilities yields a treasure of work process innovation opportunities.
Y this is not a focus of organizations is a mystery to me?

Cutting edge innovation

I recently facilitated a workshop on Innovation and creativity for the top Management of a leading telecom solutions provider.

As a part of the workshop we generated potent innovation ideas in key growth areas for the organization.The participants were unsually sharp.The kind of potent innovation ideas generated is going to put the corporate landscape on fire esp. in the telecom space.

The frequency of innovation is expected to go up multi-fold in the coming couple of years.WIMAX is going to be a hot bed of innovation.The redesigning of our entire living and working space is on the anvil.

A lot of people with secure businesses and titles are going to feel quite insecure in the near future.

Creating and Sustaining competitive advantage

Creating and sustaining a competitive advantage is one of the primary requirements for the survival and the growth of an organization.
Organizations are able to create and sustain a competitive advantage if they able to continuously enhance the value that they give to their customers.Value refers to benefits divided by costs.
This learning yields a few insights.
In order to enhance benefits or to reduce costs innovation is an essential requirement.Thus innovation and competitive advantage are inextricably linked.Organizations that fail to innovate lose their competitive advantage over a period of time.
Without a strategy for creating a competitive advantage organizations are bound to go down.Thus ,it would be entirely correct to conclude that without an innovation strategy ,organizations are bound to decline.
How many organizations consciously strive for innovation in order to continuously create new competitive advantages?