Innovation Engine

Organizations that are consistently innovative have mastered the art of convergence - the bringing together of disparate disciplines, functions, groups, partners and customers to create value from new ideas. They create structures and processes, enabled by appropriate technology, to lead and manage diverse internal and external collaboration.

This is particularly important for creating successful ‘social businesses’ as they require complete out-of-the-box thinking and execution. They need to think about convergence as one of the main drivers of real innovation and take up the task of establishing an environment that encourages fresh thinking to recognize and promote creative ideas that build upon this fundamental building block.

Connection and collaboration – convergence – are the lubricants of ‘social business’ innovation. The challenge is to discover what we know in the developed economy and learn how to connect to them in underdeveloped areas. It is a heady time for those at the helm to find the specialized knowledge they need to create social businesses with sustainable innovation.

More often than not, these types of innovation will require a complete rethinking of current business models, processes, and where technology plays a critical role. New management capabilities will be required, particularly the ability to manage business and technology as one.

Sustainable innovation isn't haphazard. Its core is creative ideas, of course, but clever ideas become innovations, only when they generate social and financial value. This is a systematic endeavor, requiring management, and not a strategy of letting a thousand flowers bloom and hoping for the best. A leader must recognize a need, assemble an organization and design business processes to meet the need. It is not the invention of a new technology that matters so much as it is its application: understanding its role when developing a social business strategy or designing an organization or its processes. That is why we call it “business technology,” to underscore the fact that technology is of value only when it advances the organization’s “business.”

Business technology (more specifically information technology) has so permeated our organizations as to be indispensable. Simply put, innovation today requires the convergence of the management of business and the management of technology. Effective management of business technology can not only create more profits for mega corporations but can also forever alter social enterprises that serve the underdeveloped and the underprivileged.

Sustainable innovation requires a seamless, structured management approach that begins with a social business strategy and connects all the way through technology investment and implementation. Effective Business Technology Management (BTM) offers this, and it has the potential to forever change how corporations, governments, education, NGOs, and social enterprises think of technology's strategic use for socio-economic development, which will in turn have a profound effect on the human condition.

The BTM Agrim^TM innovation engine consists of a management framework and collaborative analytical platform that commercialize social business best practices and management steps for the emerging markets by leveraging BTM Corporation’s existing products and IP - BTM 360^TM .

BTM 360 is the industry’s first holistic product suite to incorporate a comprehensive Management Framework, Management Software and Best Practice Templates that create repeatable organizational capabilities to build better businesses. These products are the differentiating management infrastructure for BTM Agrim’s Solution and Incubation Centers. It encapsulates domain expertise, management steps, organizational guidelines, and analytics into executable and manageable procedures that can be easily adopted following the BTM Maturity Model^TM and by leveraging reusable functional parts built by our industry experts for continuous business optimization.

For more information on the BTM 360 product suite, please visit http://www.btm360.com