Kastelleaigseriesapril2010final 100421224728-phpapp01
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Some of the Slideshare presentations that I have uploaded were not created by me. They are all worth having a look at. I am Stephen Darori on Linkedin. If you think we have or could have some synergy ...

Some of the Slideshare presentations that I have uploaded were not created by me. They are all worth having a look at. I am Stephen Darori on Linkedin. If you think we have or could have some synergy now or in the future.do Send me an invitation to connect on Linkedin

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Kastelleaigseriesapril2010final 100421224728-phpapp01 Kastelleaigseriesapril2010final 100421224728-phpapp01 Presentation Transcript

  • Issues in Innovation Leadership DAY: SESSION: PRESENTER: April 2010 Australian Industry Group Breakfast Series Dr Tim Kastelle
  • Why this…
  • … not this? (photo: flickr/Martin Charbonneau Photographe
  • <1> Invention is not Innovation
  • Innovation • Executing a new idea that has economic value
  • Invented: 1823 Built: 1998 Sold: Never
  • Invented: 1968 Built: 1974 Sold: 1981
  • Invented: 23 times before Edison!
  • So why do we say that Edison invented the light bulb?
  • <2> Innovation is More Than Just New Products
  • Innovation is More than Just New Products • “(Economic) development in our sense is then defined by the carrying out of new combinations” – J.A. Schumpeter (1912) The Theory of Economic Development
  • Schumpeter’s Forms of Innovation 1. The introduction of a new good, or a new quality of good (or service) 2. Introduction of a new method of production 3. The opening of a new market 4. Developing a new source of supply 5. Changing the structure of an industry
  • Business Model Innovation – Critical but Overlooked Source: Open Innovation by Henry Chesbrough
  • Source: Boston Consulting Group: Business Model Innovation: When the Game Gets Tough, Change the Game
  • Better Place – Electric Cars
  • <3> Innovation is a Process
  • The Innovation Value Chain Source: Hanson & Birkinshaw: The Innovation Value Chain – Harvard Business Review
  • Actual Organisations Idea Poor Selection & Diffusion Poor
  • To Lead Innovation: • Understand the difference between Invention and Innovation • Innovation is not just new products – try to think of other forms of innovation (especially business model innovation) • Manage Innovation as a process, not an event
  • Thank you! timkastelle.org/blog/