Integrated Innovation

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Is your business coordinating the application of science and technology with social and business innovation to develop whole solutions to complex problems?

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Integrated Innovation

  1. 1. Jalisco – Alberta R&D andCommercialization Program Integrated Innovation August 25-26, 2011
  2. 2. Integrated Innovation Innovation … do we need it? §  What is innovation? -- “something” that leads to the creation of economic and social value … “Without innovation, companies and societies die” Anthony William – Coauthor Wikinomics (paraphrased) §  Innovation is a “core business competency” today – necessary to be competitive in a global economy §  Must be aligned to your overarching business strategy (Mission) §  To differentiate must innovate – cant do it on price alone anymore “Innovation distinguishes between a leader and a follower” Steve Jobs – Apple11-08-31 © Perspect Management Consulting, 2011 2
  3. 3. Integrated Innovation Innovation Cycle use evidence to environment to innovate with foster idea confidence Results Engage generation Deliver Complex Problems Implement Discover Customer Direction Share Design Collaboration explore, test, ecosystem to prioritize, gather create a shared evidence, prove vision Learn Understand11-08-31 © Perspect Management Consulting, 2011 3
  4. 4. Integrated Innovation What is Integrated Innovation? §  Coordinated application of science and technology – social and business innovation to develop whole solutions to complex challenges. §  There is often risk aversion to adoption of ‘new’ technology – business and Science & Technological INTEGRATED social inclusion mitigates Innovations INNOVATION this risk §  A collaborative user- centric approach and balance of innovative Business Social approaches will Innovations Innovations significantly enhance adoption and sustainability11-08-31 © Perspect Management Consulting, 2011 4
  5. 5. Integrated Innovation Technology Innovation §  What technologies are necessary to address the problem? §  Can an existing product be modified? §  Is the technology feasible – market ready? §  Is it sustainable, scalable, accessible, affordable?11-08-31 © Perspect Management Consulting, 2011 5
  6. 6. Integrated Innovation Social Innovation §  Simply, a social innovation is an idea that works for the public good – address major societal challenges §  Social challenges are seen as innovation opportunities §  Governments and industries see social innovation as a means to reap the potential untapped markets have to offer – enhancing their global competiveness … §  Come from individuals, groups or organizations, and can take place in the for-profit, nonprofit and public sectors §  Jurisdictions / Regions must be able to take solution to scale before impact can become reality… §  MUST involve society in design – citizen centric approach to innovation11-08-31 © Perspect Management Consulting, 2011 6
  7. 7. Integrated Innovation Business Innovation Industry Model • Visioning & Strategic Planning §  move into / redefine / Innovation • Innovation Process Management create new industries Agenda Revenue Model §  change how we • Products, Services, Markets generate revenue – • Operations, Processes pricing models etc. Innovation • Business Models Areas Enterprise Model §  change our role in the • Integration of Business & Technology value chain – by • Collaboration & Partnering changing our extended enterprise / Innovation • Development of an Innovation Culture networks / capability / Enablers • Leadership assets11-08-31 © Perspect Management Consulting, 2011 7
  8. 8. Integrated Innovation Alignment to Jalisco / Alberta Program §  As mentioned the program has a large focus on commercialization §  Things judges will be looking for in proponent applications for funding: –  project can demonstrate a validated customer need –  includes industry collaboration from both jurisdictions –  project identifies business and technological competitive assessments –  project has commercialization goals and strategy –  articulates economic benefit for Jalisco and Alberta (qualitative and quantitative) §  An integrated innovation approach to project development will assist in responding to many of the above and will enhance probability of success11-08-31 © Perspect Management Consulting, 2011 8
  9. 9. Integrated Innovation Questions / Discussions References: §  The Creation of Economic and Corporate Wealth in a Dynamic Economy – IBM Global Business Services, 2008 §  Open Innovation The Next Frontier - Henry Chesbrough EIRMA SIG III, 2005-10-20 §  Bold Idea for Humanity - Grand Challenges Canada – September 2010 §  The Lisbon Council think tank for the 21st Century §  Alberta / Jalisco R&D and Commercialization Program Plan – August 201111-08-31 © Perspect Management Consulting, 2011 9
  10. 10. Integrated Innovation Contact Us Perspect Management Consulting Regina, SK Canada +1(306)543-2231 www.perspect.ca Info@perspect.ca11-08-31 © Perspect Management Consulting, 2009 10

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