Innovation
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Part of a presentation I recently used on innovation
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Innovation
- 1. INNOVATION A Working Man’s Interpretation
- 2. Innovation: What is it ? in·no·va·tion (n-vshn)n. 1. The act of introducing something new. 2. Something newly introduced. Dictionary.com
- 3. Is this Innovative ? (It’s certainly new)
- 4. Showed up at work with self made Iron Man Costume. PS: Was asked to go home Meet Mr. Wang Kang – Innovator ?
- 5. Let’s try again ! “Traditionally, people think innovation is just about creativity, about being able to create ideas. In fact, it’s a very disciplined area. Companies really can manage innovation in the ways that they manage quality.” Esther Baldwin, Intel (Quoted in SMR)
- 6. A Process ? Really ?! "Innovation is the multi-stage process whereby organizations transform ideas into improved products, service or processes, in order to advance, compete and differentiate themselves successfully in their marketplace.” Baregheh A, Rowley J and Sambrook S.(2009) Towards a multidisciplinary definition of innovation, Management decision, vol. 47, no. 8, pp. 1323–1339
- 7. It’s really two things
- 8. Let’s take a detour
- 10. Staying ahead
- 12. How is it done ? Barriers to Innovation
- 13. The Deadly Enemies of Creativity
- 14. Success
- 15. Inertia
- 16. Caveman R & D
- 17. Going Solo
- 19. Problem Solving
- 20. The Deadly Sins of Delivery
- 21. Bureaucracy
- 23. Internal Selling
- 24. Impatience
- 25. NPVs, IRRs, and other Evils
- 27. Is Telecoms an innovative industry ? What happened to MMS ? Mobile Advertising ? WAP Portals ? Location based services ? Push to talk ? Video calling (network based) All are there, but none made it to blockbuster status
- 28. Who ate the Telecom lunch ? Why didn’t telecoms get these right ? Social Networking / Facebook Media Sharing / Youtube, Flickr, blogging Geographical service / Foursquare Video Calling / Skype In each case a new company came along and did better what telecoms had been trying to do
Editor's Notes
- This has implications. You have to manage both parts separately. Invention is about brainstorming, wild ideas, and free thinking. Application is about Discipline
- Bureaucracy: Big is badZero internal marketing: If you build it, they will not comeBad timing: Don’t try to sell the idea when the ship is burning