When hot ideas pop up
There are times when ideas and insights from others spontaneously combine with your own in a process of synthesis from which spring novelty and new ideas. These are the moments when significant value is created.
These are places where worlds collide and new market opportunities emerge. These are the times when you are in a 'Hot Spot' of innovation and productivity, according to Professor Lynda Gratton, a global authority on innovation at the London Business School.
For the last two years, Lynda Gratton and her virtual team of innovation experts at the Hot Spots Movement have been collaborating with the Singapore government and a group of leading organisations in Singapore to develop the capabilities of leaders and talent to create and sustain such hot spots.
In 2009, the Hot Spots Movement coached 30 teams from 10 organisations in Singapore on how to interact physically and virtually with their team members, customers and suppliers in order to add greater value to their work. Eighty per cent of the teams subsequently achieved a marked increase in their innovation and productivity. The organisations that participated in this successful first trial included SATS, SMRT, Keppel, Standard Chartered Bank, Shell, GE, and BD Medical.
In response to the keen interest in the Hot Spots project, the Hot Spots Movement is coaching 30 more teams in Singapore this year, and is setting up a local office to serve its growing community in Asia.
Elaborating on this development, Lynda Gratton observed that 'Asia is becoming ever more powerful in terms of both financial muscle and managerial talent. There was a time when many of the best ideas about management practice and innovation came out of Europe and the USA. This is no longer the case. Increasingly, companies across Asia are leading the field. It was only natural that we decided to build capability in an organic hot spot such as Singapore to support our following in Asia'.
This following includes Asian companies such as Mahindra and Mahindra and Nomura, and the regional operations of multinationals such as Ferrero and Unilever.
The Hot Spots Movement's Asia office will be headed by Heidi Bakker Kingman, previously a director at Pricewaterhouse Cooper's Global People and Change Practice. She possesses over 17 years of experience helping global organisations master the complexities of multi-cultural workforces. Enthusiastic about her new challenge, Heidi believes there is no better place to be than Asia right now.
'The people here are inspired and committed. There is a shift in the economic winds, bringing organisations and people from the stagnant economies of the West to Asia in search of soft skills and talent. In Singapore especially, they understand that people are their greatest asset and invest in developing human capital.'
Besides running the Hot Spots project, the Hot Spots Movement is currently engaged in bringing organisations in Asia on board their Future of Work Consortium, where executives from around the globe will discuss future innovation challenges and solutions.
Their ambitious next phase of work in Asia would be 'the bringing together of our first generation of Hot Spots and Future of Work experts to mentor others and create a sustainable community around innovation and talent development', according to Lynda Gratton.
To learn how you can engage with the Hot Spots Movement in Singapore, visit the Singapore Human Capital Summit Research on Asia portal at www.singaporehcsummit.com
- Business Times - 29 Sep 2010