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  • 1. Innovation @ The Islamic Development Bank Group Naguib Chowdhury Nov 24, 2010 © Islamic Development Bank
  • 2. Contents Innovation Inspiring About IDB @IDBG Innovation Vision IDB Innovation Gardening Priority Areas Framework Innovation Structure IDB Innovation Scoping Member Enablers Challenges - Leadership Countries Workable plans - process Projects, - Culture REFORM - roles - technologies - networking
  • 3. About IDB Vision Priority Areas Structure Member Countries Projects, REFORM
  • 4. Innovation in the IDBG About the Islamic Development Bank Vision 1440H (2020) “ By the Year 1440H (2020) IDB shall have become a world-class 1440H (2020) world- development bank, inspired by Islamic principles, that has helped significantly transform the landscape of comprehensive human development in the Muslim world and helped restore its dignity.” Mission Statement “ We are committed to alleviating poverty, promoting human development, science & technology, and Islamic banking & finance, and enhancing cooperation among member countries, in collaboration with development partners” 4
  • 5. Innovation in the IDBG About the Islamic Development Bank IDB: Six Priority Areas Human Development Agriculture Development and Food Security Infrastructure Development Intra- Intra-trade Among Member Countries Private Sector Development Research and Development in Islamic Economics, Banking and Finance 5
  • 6. Innovation in the IDBG About the Islamic Development Bank The 2020 Vision: Key Strategic Thrusts • Reform IDB • Alleviate poverty • Promote health • Universalize education • Empower women • Prosper the people • Expand the Islamic financial industry • Facilitate integration of IDB Member Countries • Improve the image of the Muslim world
  • 7. IDB Group BOARD OF Organizational GOVERNORS Structure BOARD OF EXECUTIVE DIRECTORS IRTI ICIEC 1981 1994 IDB Group President ICD ITFC 1999 2008 VP VP VP (Corp Chief (Fin.) (Opr.) Serv.) Econ.
  • 8. Innovation in the IDBG About the Islamic Development Bank Islamic Development Bank (IDB) Islamic Corporation for Islamic Research Insurance of & Training Investment & Institute Export Credit IDB Group Islamic Corporation International for the Islamic Trade Development Financing of the Private Corporation Sector 8
  • 9. Innovation in the IDBG About the Islamic Development Bank Growth in Membership Europe: 2 Asia: 26 Africa: 27 Latin America: 1 • A Unique Model of South-South Cooperation • 56 members spreading over 4 continents • 22 countries in 1975 → 56 countries in 2009 9
  • 10. Innovation in the IDBG About the Islamic Development Bank IDB Group Products and Services • Financing of Projects (Public and Private) • Promoting the Islamic Financial Industry • Trade Finance and Promotion • Capacity Building and Technical Cooperation • Risk Insurance • Research and Training • Fund/ Asset Management 10
  • 11. Innovation in the IDBG About the Islamic Development Bank IDB Group Special Activities • NGOs and Women-In-Development (WID) • Scholarship Programs • Science & Technology Program • Investment Promotion Technical Assistance Program (ITAP) • Trade Cooperation & Promotion Program (TCPP) • Special Assistance 11
  • 12. Innovation in the IDBG About the Islamic Development Bank Cumulative Sectoral Distribution (Projects & TAs from OCR) 12
  • 13. Innovation in the IDBG About the Islamic Development Bank IDB Reform Aspirations FROM TO Finance Focused Development Focused Infrastructure Centric People Centric Traditional Economic Innovation & Knowledge Development Programs Intensive Economic Dev Internal Driven Partnership Follow Lead (Facilitate) Output Oriented Impact Oriented
  • 14. Innovation in the IDBG About the Islamic Development Bank Proposed Reform: Repositioning IDB Group Results Scaled up Oriented Leveraging A New IDB Focused Partnerships Group Responsive to Knowledge- Clients Oriented 14
  • 15. Innovation@IDBG IDB Innovation Framework IDB Innovation Enablers - Leadership - process - Culture - roles - technologies - networking
  • 16. Innovation in the IDBG Types of Innovation Product/Services Innovation Process innovation Management Innovation
  • 17. Innovation in the IDBG IDBG Innovation Framework IDBG Internal Market need & Innovation in the Member Operational Excellence Offerings countries • Market needs, trend Focus • Strategic realignment based solutions • IDBG -Idea incubator • Improved processes • New channels, paths • Collect, evaluated and • Cost cutting to reach out reward good ideas • Teamwork and • Innovative ideas to • Finance implementation partnering address development of ideas needs Enablers • Leadership support • Roles, Technologies, Tools • Innovation Management Processes • Innovation sourcing and • Innovation Climate partnerships
  • 18. Enablers Leadership Innovation in the IDBG Innovation Mgt Process Innovation Climate Culture of creativity Innovation Tools, Technologies & Roles Partnership & Networking Capacity
  • 19. Innovation in the IDBG Innovation Enablers : : Leadership support IDB Group President Dr. Ahmad Mohamed Ali launched the Innovation Program by calling a Town-Hall meeting with all staff The Advisors of the President closely monitor the program The program is placed under the Office of the President All Department Heads are aware and encouraged to support innovation and creativity at the workplace
  • 20. YOUR WORLD, THEIR WORLD CAN BE BETTER…. BREAK THE STATUS-QUO, MAKE BOTH WORLDS A BETTER PLACE 06 JUNE 2010
  • 21. Innovation in the IDBG Leadership support The ground work for the innovation program was started in April 2010 with the appointment of the Innovation Facilitator. On June 6, 2010, The President launched the program inviting all staff in a town hall gathering. All the Senior Management were present in that meeting. The Town-hall was a big blast as it introduced few new items for IDB: - A week-long electronic promotions of the event - Colorful Banners along with bulb cuts - Video interviews of the staff on innovation - Presentation of IDB’s own innovation case studies - A multimedia show - The plans for Innovation@IDBG
  • 22. Innovation in the IDBG Leadership support We want each individual of the IDBG to ‘ be a Think Tank. I say this as I am confident that each one can contribute. Each one of us should be a part of the development of IDB to be a knowledge institution and this can only be done by innovation. ’ Dr. Ahmad Mohamed Ali President - IDB Group
  • 23. Innovation in the IDBG Leadership support The President Office of the Advisors President Innovation Facilitator VP Corporate VP Finance VP Operations Services
  • 24. Innovation in the IDBG Innovation Enablers : : Innovation management process Conception Implementation Marketing Idea Funding, Adaptation Generation, Workforce, Value Collection, Testing Creation Evaluation Support Acceptance
  • 25. Innovation in the IDBG Innovation Enablers : : Innovation management process Three major stages in innovation management- Conception, Implementation, Marketing IDB’s current focus is in Conception and Implementation; still drafting guidelines on Marketing Clearly defined Idea Management workflow; Including the President in the workflow gives staff a sense of trust and assurance Implementation at this stage belongs to the Departments but team-based project implementation will be introduced soon.
  • 26. Innovation in the IDBG Innovation management process Idea Management Workflow Initial Screening Idea Innovation The President; Department Screening Facilitator Vice Presidents Head Team Compiles submissions The team consists of Following the Department(s) study the sent through the Advisors of the President President’s guidance, ideas in terms of feasibility, IDEAS Email-box and and randomly chosen staff the ideas are sent to the implementability and cost floor mail box and from various complexes concerned departments and sends feedback to presents to the idea screen ideas and submit to through the VPs and the management for decision. evaluation team the President. CE
  • 27. Innovation in the IDBG Innovation management process Idea Management Workflow Idea Implementation- mostly internal improvement ideas Department Management Head Approved ideas will go to the Department concerns start implementation Dept Head through the VP process. They may consult the originator of concerned and the CE the ideas and form a team for developing project implementation plan
  • 28. Innovation in the IDBG Contribute Idea Management Flowchart ideas in Staff IDEA MGT SYSTEM Review and Send ideas to Dept/Team dept/ team Innovation Facilitator Study ideas - value The added? Compile President/ Yes No and VPs Present Yes Develop Prototype Differ Evaluate & test Idea Ideas Ideas – Screening value Team added? Discard Successful No the No implemen Idea tation? Send to the originator to improve, clarify or discard Yes Bank-wide acceptance
  • 29. Innovation in the IDBG Innovation Enablers : : Innovative Culture Top mgt Open space Open and Encourage provides design, Sharing risk taking support, collaboration Culture Rewards teamwork
  • 30. Innovation in the IDBG Innovation Enablers : : Innovative Culture Culture is the biggest challenge for IDB People avoid risk-taking task/behavior and no proper rewards scheme for risk-takers Lack of teamwork and cross departmental collaboration Office space arrangement creates silos A number of ‘Change Management’ initiative have been considered and started implementation Leveraging the Young Professionals (YPs)
  • 31. Innovation in the IDBG Innovation Enablers : : Innovative Culture IDB Demographic Facts Multicultural ( from 65 countries), conservative workforce and nature of work is still bureaucratic. 700 619 Top 10 Nationalities 600 200 168 Professional 500 150 131 Special 400 100 72 64 General 272 53 45 40 37 34 32 300 50 200 136 0 100 0 Professional Special General
  • 32. Innovation in the IDBG Innovation Enablers : : Innovative Culture Change Management Roadmap Rituals & Level of adaptation institutionalize Practice & Reinforcement Awareness & Desire Year 1-2 Year 2-3 Year 3-4 Time
  • 33. Innovation in the IDBG Innovation Enablers : : Innovative Culture Change Management Roadmap Awareness & Desire Branding & Training & Talk Town Hall & IDB Success Communication Series Innovation Fair Stories • Innovation Logo • i-News • Trainings & • Town Hall sessions • Identify IDB • Posters Workshops for chaired by the Innovation stories • Stickers staff President • Story presentation • Innovation Zone! • Series of talks by • IDB Innovation • Story publication • Monthly Status external speakers Day report to the President • Report to BED • Dept Briefs
  • 34. Innovation in the IDBG Innovation Enablers : : Innovative Culture Change Management Roadmap Practice & Reinforcement Collaboration Innovation Rewards & Innovation in across Bank Resources Recognition HR Management • Innovation CoPs • Innovation • Annual Innovation • Innovation as a • Enhanced Ambassadors Award competency Teamwork • Central of • 3-stage incentive • Innovation in • Cross entities Innovation scheme appraisal Ideas exchange excellence • Featuring ‘Good • YPs & Innovation and Best Practice • Innovation Tent! Ideas’ in the portal sharing • Funding for innovation
  • 35. Innovation in the IDBG How to motivate people to share ideas? Incentive Program Encouragement by Senior Management for contributing any ideas Provide Incentives- at 3 stages 1. At the inception of ideas (after submitting ideas in the Idea Mgt System ) 2. When the idea is chosen for pilot test (Idea evaluation comm will validate idea and send to specific dept to test) 3. After successful implementation (Dept successfully tests and implements Bank-wide)
  • 36. Innovation in the IDBG Innovation Enablers : : Innovative Culture Change Management Roadmap Rituals and institutionalize Client-centric Innovation as IP /IC policies & Measuring value new services core values creation from Innovation • Systematic • Reflection of • Policies to protect • Innovation metrics approach in innovation in IC • Client satisfaction u/standing Bank’s strategy • IP sharing policies • Development client/market • Innovation as core • Increase IP Impact need values creation • Team to develop specific solutions/services based on the need
  • 37. Innovation in the IDBG Innovation Enablers : : Roles, Tools, Technologies Roles, IT Budget for Dedicated Collaboration prototype team, tool, Idea Mgt testing & committee system, implementation KM system
  • 38. Innovation in the IDBG Innovation Enablers : : Roles, Tools, Technologies Innovation Facilitator; Innovation Set-up Team Idea Screening Team Innovation Ambassadors Templates and forms to study ideas Idea Management System Innovation Zone Portal Budget allocation to run the program
  • 39. Innovation in the IDBG Innovation Enablers : : Roles, Tools, Technologies Roles An official role, Innovation Facilitator to coordinate and inspire all innovation related activities in the Bank Group, placed under the Office of the President The Innovation Set-up Team consists of Volunteers from various departments, mostly young professionals Idea Screening Team consists of members from the senior management; represents HR, Administration, Finance, Operations and REFORM unit Innovation Ambassadors- Terms and References has been drafted; ambassadors will be chosen soon.
  • 40. Innovation in the IDBG Innovation Enablers : : Roles, Tools, Technologies Tools Idea Forms- Idea Submission Form, Idea study feedback form, idea implementation plan form Brainstorming tools, Mind Mapping, Concept mapping, Idea Spray, Appreciative enquiry, creativity tools Project Management tools- forms, templates, software Budgeting and Financial planning forms, templates
  • 41. Innovation in the IDBG Innovation Enablers : : Roles, Tools, Technologies Technologies Innovation Zone- one-stop information portal based in Sharepoint 2010 Idea Management System- for idea submission, rating and discussion Project Management software
  • 42. Innovation in the IDBG Innovation Enablers : : Roles, Tools, Technologies Innovation Portal
  • 43. Innovation in the IDBG Innovation Enablers : : Partnership & Networking Capacity Client ( MC) & Joint Partnership market Research with Open Source needs program with development Innovation assessment Universities organizations
  • 44. Innovation in the IDBG Innovation Enablers : : Partnership & Networking Capacity Partnership with local agencies, organizations to understand clients needs better Partnership with other development Banks to conduct joint-research program, prototype development Partnership with companies to market newly developed prototypes Partnership with institutions to organize forums, conferences Network with other development organizations like the UN, DFID etc to share ideas, issues and crowdsourcing
  • 45. Inspiring Innovation in MCS Gardening Innovation Scoping Challenges Workable plans
  • 46. Innovation in the IDBG Inspiring Innovation in IDB Member Countries Inspiring Innovation and creativity in order to confront challenges, alleviate poverty, achieve social justice and protect the environment IDB might establish special agencies for innovation to encourage partnership between Governments and the private sectors to – o invest in inventions and technology o tie scientific research to development and investment o build bridges between professionals and scientists o increase the capabilities of scientific and research institutions and o offer stimulants for investment in technology and inventions through the purchase of pre-paid services and tax relief.
  • 47. Innovation in the IDBG Inspiring Innovation in IDB Member Countries Gardening Innovation Watering ( finance, support to innovators) Removing weeds ( competition, deregulation) Nurturing soil ( research, information) Preparing the ground (education) Source: The World Bank
  • 48. Innovation in the IDBG Inspiring Innovation in IDB Member Countries IDB might assist member countries in developing innovation framework, policies, guidelines. IDB to support development of regulatory framework, define performance standards, IP policies guidelines and consult Governments on related policy matters. IDB to finance R&D work and also helps in developing R&D infrastructure, Science park in the member countries. IDB to provide training programs, learning modules in the schools and/or set up smart schools in member countries. IDB to finance prototype development and market new products
  • 49. Innovation in the IDBG Inspiring Innovation in IDB Member Countries Challenges in Gardening Innovation Scope of work doesn’t allow IDB to influence Governments in the MCs Resource constraints- lack of workforce to initiate such a big agenda, financial limitations are there Need to establish networking capacity with international and local agencies in the MCs Need to develop a database of innovation capabilities of the MCs
  • 50. Innovation in the IDBG Inspiring Innovation in IDB Member Countries Workable plans Identify the countries that have an innovation framework- policies, infrastructure, resources- learn and replicate to similar countries Set up an idea incubator- invite people to send their breakthrough ideas- evaluate and finance to develop prototype and find partners to commercialize Organize conferences, seminars in the MCs to create awareness on innovation
  • 51. Thank You. Contact Info: Naguib Chowdhury Innovation Facilitator Email: ChowdhuryN@isdb.org