The Innovation Advantage - AIM

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The Innovation Advantage - AIM

  1. 1. The Partnership Torch are a boutique innovation strategy agency with over 13 years experience and bring with them knowledge born from experience, years and years of case studies and examples that are guiding us as we develop curriculum and tools
  2. 2. The Innovation Advantage Managers and  Innovation leaders with the strategyFoundations Two days , over ability to  Strategy documentof Innovation two months influence the  Culture  Cultural strategy and Diagnostic tool culture of their  Action plan organisation  Innovation business case template  Research Managers and techniques leaders who  Insights tools  FramingProcess of Three days, over need an intimate  Creative thinking  Ideation tools andInnovation three months knowledge of the  Implementation techniques innovation process  P&L projection tools and templates  Post Implementation Review tools and templates
  3. 3. Agenda  2 “Look in the Mirror Questions”  8 Principles  3 AH HA’s
  4. 4. Innovation is the invention and implementation ofideas for advantage
  5. 5. Why do you want to innovate?What do you want to achieve?
  6. 6. 8 Keys to Success1 Alignment to strategy Your innovation strategy must cascade from your corporate strategy and be articulated clearly and cohesively. “If you don’t know where you are going, you aren’t going to get there very fast” - Roberto Goizueta (ex-CEO of Coca Cola)
  7. 7. 8 Keys to Success2 Driven by insights It’s about an insight, not just an idea!
  8. 8. Starbucks – It’s About the Experience
  9. 9. Johnnie Walker – It’s all About Progress
  10. 10. 8 Keys to Success3 A well manager process Let the left brain create the environment for the right brain to be released
  11. 11. NASA Process NASA Innovation Lifecycle Incubation and Scaling and Integration and Ideation Collaboration Prototyping Optimization Implementation Technology NASA @ Work Mission Executive Communities Initiative Technolog NASA Directorat Councils y Formal e Needs Research Working Grants Groups Centennial NASA SBIR/STT External Challenge Informal R Committee sWorking Prizes s Groups Enterprise InnoCentiv Architectur NASA e NASA e Findings Center Challenge Communitie Communities Innovations Professional Results s of of Practice Funds Societies Excellence
  12. 12. 3M Process
  13. 13. 8 Keys to Success4 The right structure Share knowledge, involve everyone
  14. 14. 8 Keys to Success5 Capability and resources “How am I going to find time for innovation?”
  15. 15. 8 Keys to Success6 Measurement and reward You can’t manage what you don’t measure
  16. 16. 8 Keys to Success7 Passion, persistence, creativity and adaptability You can’t be half pregnant
  17. 17. Akio Moriata You may not have heard of Morita but youve undoubtedly heard of his company, Sony. Sonys first product was a rice cooker that unfortunately didnt cook rice so much as burn it, selling less than 100 units. This first setback didnt stop Morita and his partners as they pushed forward to create a multi-billion dollar company.
  18. 18. Harland David Sanders Perhaps better known as Colonel Sanders of Kentucky Fried Chicken fame, Sanders had a hard time selling his chicken at first. In fact, his famous secret chicken recipe was rejected 1,009 times before a restaurant accepted it.
  19. 19. Google Product Failures 1. Google Answers 2. Google Knol 3. Google TV 4. Google Video 5. Google Wave 6. Google Print Ads 7. Google Radio Ads 8. Google Shared Stuff 9. Froogle 10. Google Notebook
  20. 20. 8 Keys to Success8 Organisational culture Your culture should enable innovation to thrive and survive.
  21. 21. 8 Keys to Success 1. Alignment to strategy 2. Driven by insights 3. Well managed process 4. The right structure 5. Capability and resources 6. Measurement and reward 7. Passion, persistence, creativity and adaptability 8. Organisational culture
  22. 22. 3 AH HA’s1 Pressure – burning platform A critical success factor for any major change within an organisation is a deterrent that will create pressure and prevent people continuing with the status quo.
  23. 23. 3 AH HA’s2 Someone must lead The primary responsibility of leaders of innovation is to create an ecosystem of innovation.
  24. 24. 3 AH HA’s3 Find failure fascinating… not frightening

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