Value Innovation Works (VIW) written by Richard Lee and Nina GoodrichPresented by the Community Based Business Incubator I...
Definition of Innovation                  Yours                  The Innovation Gurus© Value Innovations, Inc., 2004-201...
Let’s review your thoughts                  Capture                  Look at common themes                  Discussion©...
1. Are there common themes?                  Ideas                  Creativity                  Value                 ...
Twelve Schools of InnovationClassical                       Open                         Radical      Bessant , U of      ...
14 forms of Innovation being practiced today:             Take a look at the MVI Workshop library                 during t...
The Result                        Complete Confusion The presidential candidates, governors, other politicians, economic d...
Our Definition of Value Innovation Delivering Exceptional Value to the Most Important Customer (MIC) in the Value Chain, a...
Removing the Confusion At Value Innovations we start where everybody else leaves off        Where do I start?        Wha...
Removing the Confusion Value Innovation Works provides:        A Process        A set of enabling tools        A “How t...
Published: May 12, 2012© Value Innovations, Inc., 2004-2012. All rights reserved.
The Beginnings of Value Innovation                          Thesis: Many companies are in                          competi...
The Beginnings of Value Innovation                          Solution:                                Render the competitio...
The Beginnings of Value Innovation                          Fastest selling book in the                          history o...
42 Langauges; >3 million sold© Value Innovations, Inc., 2004-2012. All rights reserved.
Blue Ocean Strategy New Markets/New Products? Is this where the value lies?  At Vi, we don’t think so  It’s in existing ...
Blue Ocean Strategy   Those who read it, love it   This is great! How do I do this? This is   too pie in the sky   It’s to...
Documents the Innovation                          Process and Management                          moves made at P&G since ...
Why Value Innovate Large, medium and small organizations have the tools to sustainably grow their businesses, and they wil...
How can we deliver Value? Through a New :                           Business model                           Packaging  ...
The most Innovative Company in the World … Hasn’t invented anything … Focuses on delivering exceptional value … Grew 66% (...
7,800 jobs added in 2011;         7,000 construction jobs for new 2.8M ft2 campus;         27,350 Retail workers         4...
Value Innovation Tab1
Value Innovation Tab1
Value Innovation Tab1
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Value Innovation Tab1

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Value Innovation Tab1

  1. 1. Value Innovation Works (VIW) written by Richard Lee and Nina GoodrichPresented by the Community Based Business Incubator Inc.™, Liberteksand Manfred Real Estate Learning CenterThe Value Innovation Process™, described in VIW, is presented by MichaelFranchell, Executive Director, of the Community Based Business IncubatorCenter for small businesses and entrepreneurs.The course is best understood, if you buy Richard Lees book ahead oftime and read it.The program is highly interactive with workshops so you can develop theunderstanding of the VIW concepts. The goal is for you to identify yourmost important customer and their unmet needs. Value Innovation Process is a trademark of Value Innovations, Inc.
  2. 2. Definition of Innovation  Yours  The Innovation Gurus© Value Innovations, Inc., 2004-2012. All rights reserved.
  3. 3. Let’s review your thoughts  Capture  Look at common themes  Discussion© Value Innovations, Inc., 2004-2012. All rights reserved.
  4. 4. 1. Are there common themes?  Ideas  Creativity  Value  Customer 2. A definition that captures most of these themes?© Value Innovations, Inc., 2004-2012. All rights reserved.
  5. 5. Twelve Schools of InnovationClassical Open Radical Bessant , U of Chesbrough, UC Rice, Bentley Exeter ; Tidd, U of Berkeley O’Connor, RPI SussexCustomer Centric Outcome Driven Relentless Von Hippel, MIT Ulwick*, Strategyn Phillips*, OVO NetCentricsDisruptive Orbit Shifting Reverse Christensen, Narang, Erewhon Govindarajan and Harvard Sharma, NXTLYF Trimble, DartmouthManagement Strategic Value Hamel, London Markides, London Kim and Mauborgne, Business School Business School INSEAD Semler*, Semco Lee*, Value Innovations* Worked in industry, 4 University professors/consultants, 15© Value Innovations, Inc., 2004-2012. All rights reserved.
  6. 6. 14 forms of Innovation being practiced today: Take a look at the MVI Workshop library during the breaks (>40 books)© Value Innovations, Inc., 2004-2012. All rights reserved.
  7. 7. The Result Complete Confusion The presidential candidates, governors, other politicians, economic developers, CEOs of large corporations all say: “We will create jobs through innovation” ……but we aren’t creating very many jobs ……do they really know what to do? ……what can we/you do to help them?© Value Innovations, Inc., 2004-2012. All rights reserved.
  8. 8. Our Definition of Value Innovation Delivering Exceptional Value to the Most Important Customer (MIC) in the Value Chain, all the time, every time The MIC can be:  Inside your organization  Outside your organization© Value Innovations, Inc., 2004-2012. All rights reserved.
  9. 9. Removing the Confusion At Value Innovations we start where everybody else leaves off  Where do I start?  What’s the Process?  What do I do? How do I do it?  What do I do next?© Value Innovations, Inc., 2004-2012. All rights reserved.
  10. 10. Removing the Confusion Value Innovation Works provides:  A Process  A set of enabling tools  A “How to do it” guide  Examples© Value Innovations, Inc., 2004-2012. All rights reserved.
  11. 11. Published: May 12, 2012© Value Innovations, Inc., 2004-2012. All rights reserved.
  12. 12. The Beginnings of Value Innovation Thesis: Many companies are in competition, blood is spilt, and the oceans they are swimming in run red.W. Chan Kim and R Mauborgne, “Blue OceanStrategy”, Harvard Business SchoolPress, 2005© Value Innovations, Inc., 2004-2012. All rights reserved.
  13. 13. The Beginnings of Value Innovation Solution: Render the competition irrelevant Create a Blue OceanW. Chan Kim and R Mauborgne, “Blue OceanStrategy”, Harvard Business School Press,2005© Value Innovations, Inc., 2004-2012. All rights reserved.
  14. 14. The Beginnings of Value Innovation Fastest selling book in the history of HBSP Now available in 42 Languages – Most in HBSP historyW. Chan Kim and R Mauborgne, “Blue OceanStrategy”, Harvard Business SchoolPress, 2005© Value Innovations, Inc., 2004-2012. All rights reserved.
  15. 15. 42 Langauges; >3 million sold© Value Innovations, Inc., 2004-2012. All rights reserved.
  16. 16. Blue Ocean Strategy New Markets/New Products? Is this where the value lies?  At Vi, we don’t think so  It’s in existing markets too! There’s far less risk in existing markets© Value Innovations, Inc., 2004-2012. All rights reserved.
  17. 17. Blue Ocean Strategy Those who read it, love it This is great! How do I do this? This is too pie in the sky It’s too academic Where do I start? What do I do next?© Value Innovations, Inc., 2004-2012. All rights reserved.
  18. 18. Documents the Innovation Process and Management moves made at P&G since AG took over as Chairman and CEO in 2000 (Retired, 09)Lafley, A G. and Charan, R. 2008 The Game-Changer, Crown Publishing© Value Innovations, Inc., 2004-2012. All rights reserved.
  19. 19. Why Value Innovate Large, medium and small organizations have the tools to sustainably grow their businesses, and they will………… ………..create jobs! For small businesses, owners have the tools that give them the confidence they need to do new things© Value Innovations, Inc., 2004-2012. All rights reserved.
  20. 20. How can we deliver Value? Through a New :  Business model  Packaging  Delivery method  Process  Product  Technology© Value Innovations, Inc., 2004-2012. All rights reserved.
  21. 21. The most Innovative Company in the World … Hasn’t invented anything … Focuses on delivering exceptional value … Grew 66% ($48B) in 2011 Business Model Product Design Check Out Service Delivery Simplicity Ease of use Store Layout Packaging The Geek Bar© Value Innovations, Inc., 2004-2012. All rights reserved.
  22. 22. 7,800 jobs added in 2011; 7,000 construction jobs for new 2.8M ft2 campus; 27,350 Retail workers 47,000 Apple associates in the US Forbes, August 20, 2012© Value Innovations, Inc., 2004-2012. All rights reserved.

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