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Innovation Mindset

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Opening a students mind to enable innovation. Target Audience - Students in Engineering Colleges.

Opening a students mind to enable innovation. Target Audience - Students in Engineering Colleges.

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  • 1. Innovation Mindset The URiS Model, January 2010. Aim – Open a student’s mind to enable innovation. Please find latest version of the presentation at http://viridian.in/academic_platform
  • 2. Who are You? Who am I?
    • It is important to understand yourself and your own utility.
    • Who are you?
      • You represent the modern global Indian.
      • When modern India inspires to be a super power, you are its modern face.
    • Who am I?
      • I am one of you.
    • The world calls us IIM – Indian IT Male.
      • You will have the capability to aspire for Harvard because you are an IIM.
      • Conversely Harvard will consider you because you are an IIM.
      • You will get a reject from Harvard because you are too common, you are an IIM.
    • Bottom line
      • The world loves you as low cost labor, hates / fears you as job stealers and values you are innovators.
      • It is up to you to decide who are you.
  • 3. IIM what next?
    • Students complain… curriculum not enough!
      • Important to realize that software is the culmination of many core fields hence you are learning conclusions and not the thought process.
      • Difference between physics versus engineering, philosophy versus economics.
      • Our curriculum is sufficient. Just start applying it practically.
    • What next?
      • MBA, MS, Job, Change field?
      • Decision Making Process: Preferences (know), possibilities (choose), reality (opening), utility (strategic value), probability (success ratio)
        • Example: Developer, Consultant (Technical / Business), Business Analyst, System Architect, Researcher, Project Manager, Product Manager, Evangelist (VC), Entrepreneur, Infrastructure management, Testing, Implementation, Reference Table Management, …
      • But again… in all of these fields you can be low cost laborers or innovators.
  • 4. Hmm…
    • IT is a very frustrating field. Reasons:
      • Law of diminishing utility : Take up any 1 profile for too long and … Switch too many profiles and… You need to find the right balance.
      • Low entry cost : My present profile is into ERP but I can get into say GIS field with a minimum investment of less than two years. Hence for most possibilities are high (because of low cost to switch fields) but reality is bleak.
      • Software is only a medium to achieve a goal. Its is never a goal itself.
        • Software by itself cannot solve problems, end world hunger, solve financial crisis, etc. Software doesn’t change reality it just augments it.
        • Software is sensible only when you innovate using it for a domain.
        • To have access to domains, you should have access to people in those domains. And these people from other domains will entertain you only if they identify with you.
    • Build identities which are beyond ‘Software Engineer’
      • Identify and nourish your own multiple identities.
      • This is important because it allows you to shift identities as and when needed and gives you access to a broader audience.
  • 5. Can I create multiple identities? Yes! … We call it the URiS Model which revolves around the open source world, volunteering and win-win models.
  • 6. The URiS Model
    • Basic Concept 1 - Opportunity Cost:
      • When person with a rate of $Y per hour, spends his time not earning, he is losing an opportunity of $Y per hour.
      • Linux versus Windows : When Bill Gates argues that open source will kill capitalism, he is wrong. If Windows took $1 billion to build, Linux also took $1 billion or more to build if you count the opportunity cost of the open source developers.
      • Access to opportunities in life? : Spend your time, exchanging opportunity costs (volunteer) at an equivalent rate with people above and below you in the pyramid of your industry and outside it.
    • Why will someone exchange opportunities with you?
      • This is where URiS Model comes in. URiS helps to establish win-win equivalent opportunity exchange models between parties.
        • Example: The researcher has access to research and ideas but less implementation. The developer has time and implementation know how but less ideas.
      • Viridians has been working on the URiS Model since 2003 on and off. And like most things, it is evolving.
  • 7.
    • Everyone 'around you' is 99% the same. Conversely only 1% of delta difference between you and the people around you.
    • Everything has an institutionalized average. Mumbai University Engg Education’s institutionalized average is 60-65%. Moreover in the end, 65 or 75, its just the same. No one really cares.
    • An Indifference Curve (IC) is a line with a set of choices (points on the line) with the same net utility generated. Consider there are three people. X with Mac, Y with Dell and Z without a Laptop. Then X and Y are on same IC because near utility of Mac ~= near utility Dell, where as Z is far off. So it is important to be on the Indifference curve.
    • Stretch the concept further and… a DJ Sanghvi graduate has near equivalent opportunities to an IIT-Bombay graduate.
    1 – 99% of people are smart. The URiS Model…
  • 8. 2 – Having an i-Phone is stupid.
    • Let’s understand the graph on your left.
    • With a comfortable effort X you can this institutionalized average. But to stretch it to 75%, you need to put in X+Y. Now if you divide 65/X and 75-65/Y then you can clearly see that the utility achieved from effort Y is very less.
    • URiS tells us… achieve the institutionalized average and invest the excess effort which left behind (Mac-Dell) / (IIT – DJ) / (75 – 65) into creating another domain / reaching another Indifference Curve and there by achieve parity with the Mac / IIT / 75.
    • In other words, utilize Y effort in another field to reach another institutionalized average and the cumulative 65% in IT Engineering and 65% in field ABC will be much higher than the 75% in IT Engineering alone.
    The URiS Model…
  • 9. 3 – Reiterating… Western World De-escalation Indian World Escalation Subjective Objective Bottom up culture Top down culture Self Organizing Societies Organized Societies The URiS Model… Be an Indian – Deescalate!
  • 10. 3 – Use the Indian Mindset…
    • You need bandwidth.
      • You need economic, social, mental, emotional, spiritual bandwidth etc to innovate. There are two ways to achieve that bandwidth: Spend Less (energy / money / mind … ) and Create More (energy / money / mind … )
    • Western Model: Escalation!
      • If you follow western escalation model, you will spend more (energy / money / mind … ) for every unit you create more (energy / money / mind … ).
    • Indian Model: Sustainability over performance
      • The fly isn’t the most efficient flying machine but it has sustained for millions of years. Most things in nature and in India are not operating at high performance because of lack of standardization and top-down command structure but these models have survived for thousands of years.
      • The overhead to operate at high / higher performance (escalation) is very taxing in the longer run. If you operate at high performance, then you will not be able to create bandwidth.
      • Use the inner Indian mindset - Slow down. Deescalate. Simplify. Create bandwidth.
    The URiS Model…
  • 11. Once you deescalate from what you ‘have to do’, you have the bandwidth to… focus on ‘what you can do’.
  • 12. Innovation
    • The Mindset
      • Delta Difference and Indifference Curves
        • Use it to your advantage. If you think broad enough, the playing ground is flat enough. DJ Sanghvi graduate is same as IIT graduate.
        • Jump Indifference curves at the top.
      • Dual Life.
        • What you have to do (job, family, society) VS. What you can do (innovate)
        • You will need to achieve first the ‘have to do’ and then create bandwidth to focus on what ‘you can do’.
        • Eg. Einstein worked in Swiss patent office as clerk (have to do) for 8 years while working on this theory of relativity (can do) on evenings and weekends.
        • Most innovators / entrepreneurs don’t survive the dual life phase.
      • Enable innovation?
        • Societies, by default, operate at near equilibriums. You are not needed. Irrespective of whether you live, die, or don’t innovate, society will move on.
        • You need to create disparity to enable creation. (schizophrenic mindset)
    Applying URiS to achieve…
  • 13. Innovation…
    • The Mindset…
      • Innovate to create value, not money!
        • Aim is at the center and money is in the periphery. If you target the periphery, you will end up creating a tangent, hitting it and then leaving it.
      • All good things in life are cycles!
        • Cycles ensure sustainability. Hence consume -> produce -> consume.
        • Western consumers are consuming but not producing. It is breaking the cycle and with it the sustainability of the model.
        • Look for, nurture existing and breed new cycles in your life.
      • Entrepreneurship
        • Innovation is change and change is risk. Have the ability to bear risk.
      • Collaborate to innovate
        • 19th C (individual excellence)  20th C (institutionalized innovation)  21st C (crowd innovation?)
        • Don’t discuss & meet… Negotiate. Negotiation is goal oriented.
        • Don’t just compete… collaboratively compete. It is win-win.
    Applying URiS to achieve…
  • 14. Innovation…
    • Dos while innovating
      • Don’t leave a philosophy vacuum.
        • Remember vectors in math. They have direction and magnitude. If you do random things your innovations in life will never add up.
        • Have a Single Vector Approach (product, market, core capability).
      • Endorse Darwinism
        • Natural Gradual Evolution: Creation is slow gradual process
        • Natural Elimination of the weakest
      • Quantity over Quality
        • Innovate 100 small things to get your 1st hit.
        • Prefer to fail at 7 achieving 10 than succeed at 3 achieving 3.
      • Design keeping in mind
        • Sustainability over performance
      • Why do we innovate?
        • Differentiation, Neutralization, Productivity. Anything else is a WASTE.
        • Estimated 70% of world innovation goes waste.
    Applying URiS to achieve…
  • 15. Innovation…
    • Don’ts
      • Avoid Stupid People
        • Two high classes of stupid people. Avoid both.
        • Human Innocence root of all evil: Natural Innocent Stupidity Kills
        • Game Theory: Tactful Stupidity Kills (Cooperate or Defect?)
    Applying URiS to achieve…
  • 16. Where do I start from? There are limitless options! One of them is…
  • 17. Viridians
    • What is Viridians?.
      • We have applied these URiS concepts to implement Viridians, a formal win-win opportunity exchange platform for people who are ready to deescalate to the institutionalized average and reinvest the excess effort saved to collaboratively research, innovate, network and grow.
    • Viridians Academic Platform
      • The Viridian Academic Platform is just another win-win opportunity exchange platform between Bachelor Engineering Students and people within the industry.
      • The object of exchange is the student’s final year project.
      • The risk of executing the complex project successfully is borne by the student in exchange for the knowledge and direction handed out by the advisor.
      • Find more details at http://viridian.in/academic_platform
    URiS applied.
  • 18. Ritvvij Parrikh http://viridian.in [email_address] Thank You!