In our posting “Not just any leadership,” we talked about “innovative thinking.” There has never been a time when this concept has had a greater importance for us as project management practitioners. We are operating in a new economy today that is marked by unprecedented levels of global competition among individuals, businesses, and nations. Our profession of project management is evolving where we find ourselves in a global workplace where many of our projects are unconstrained by time zones, geographical location, differences in language, corporate boundaries, or national governments.
This past year, we have had the opportunity to meet with many of you in face-to-face discussions on issues of project management and leadership. In addition, we have met with many business leaders to understand their perspectives on project management and leadership. And what we are hearing are two different perceptions.
For us, as project management practitioners, we define success in the context of, “on time and within budget.” With business leaders, success is defined entirely different. For them, success is the ability to sustain and grow the organization.
With markets diminishing or even disappearing, business leaders want to know if they will we be here 5 years from now. The biggest single trend we have heard from business leaders is the growing acknowledgement of innovation as the centerpiece of corporate strategies and initiatives.
Organizations are finding themselves in situations that are so competitive they cannot optimize their way out of them. They have to innovate their way out of them. Management guru Gary Hamel says, “Most organizations today are built for continuous improvement, rather than disruptive innovation. They know how to get better, but they don’t know how to get different” (Sloane, 2003, p. 5).
As project management practitioners, we work from a mindset of continuous improvement—and that a good thing, but in today’s economy disruptive innovation is better. This will requires us to change our perspective on a few things. What are those few things? Right now, two come to mind. First, the vision thing we discussed a couple of postings back. The second is how we look at risk. We'll talk some more on both of these in future postings.
Steve & Diana
Reference
Sloane, P., (2003). The leader’s guide to lateral thinking skills. Kogan-Page Limited: London.
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