Innovation And Change For Business Sustainability
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Innovation And Change For Business Sustainability

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The case for Malaysia to change and how enterprises need to respond to the changing environment

The case for Malaysia to change and how enterprises need to respond to the changing environment

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Innovation And Change For Business Sustainability Presentation Transcript

  • 1. Innovation and Change for Business Sustainability
    Nik Mohd Hasyudeen Yusoff
    CEO, Inovastra
    Competitiveness Through Innovation and Strategy
  • 2.
  • 3. Source: NEAC
  • 4. Source: NEAC
  • 5. Source: NEAC
  • 6.
  • 7. Source: NEAC
  • 8. Source: NEAC
  • 9. Source: NEAC
  • 10. Source: NEAC
  • 11. “We were successful in the past in transforming the economy from agriculture to industrial-based.
    We now have to shift to new economic model based on innovation, creativity and high value-added activities. Only then we will be able to remain relevant in a competitive global economy”
    2010 budget speech
  • 12. Source: NEAC
  • 13. Key Strategic Thrust Relating to Innovation
    Thrust 1 – Move the economy up the value chain
    Increase the value add of manufacturing, services and agriculture
    Generating new sources of wealth in technology and knowledge intensive sectors
    Expending the market for Malaysian product and services
  • 14. Key Strategic Thrust Relating to Innovation
    Thrust 2 – To raise the capacity for knowledge and innovation and to nurture First Class mentality
    Improving access to and quality of education system
    Nurturing top quality research and development, and scientific and innovation capability
  • 15. What Is a Business?
    • A business:
    • 16. Needs to serve customers
    • 17. Needs to compete
    • 18. Creates value and return to shareholders and stakeholders
    • 19. Operates in business environment that keeps on changing
    • 20. Is affected by global developments
    • 21. Generates profit through risk taking (uncertainty)
  • Value Creation is Key to Business Sustainability
    Value Creation Facets of BHP Billiton
    Value creation is multi-facet and could be viewed from internal dimension as well as external dimension
    Balancing the value proposition to shareholders and stakeholders would be key to business sustainability
  • 22. How Does A Business Create Value?
    Inovastra’s view of value creation
    Leadership
    Strategy
    Values
    Value proposition
    Internal resources
    Value creation
    Customers
    People
    Processes
    Functionality
    Platform
    Intellectual assets
    Feelings
    Physical resources
    Financials
    Protocol
    External network
    Business partners
    Institutional partners
  • 23. Doing Nothing About Risk is Definitely Risky
    In ensuring business sustainability, the appreciation of risks and mitigation of risks at the strategic level is very important
    Key strategic risks are:
    Demand risk
    Competitive risk
    Capability risk
  • 24. Politics
    Your
    Competitors
    Your
    Competitors
    Economy
    Your
    Customers
    Your
    Customers
    Your
    Customers
    Society
    Technology
    Your
    Business
    Your
    Suppliers
    Your
    Network
    Partners
    Environment
    Changing business landscape and risk profile
  • 25. Politics drive government policies which would affect the economy and business climate
    Global and regional political developments add to the complications of local politics
    How far would the G-20 initiatives would affect you?
    Changing business landscape and risk profile
  • 26. The inter-linkages between economies could not be denied anymore and any changes in other places would affect the local economic conditions
    The globalisation and regionalisation of business require businesses be involved in more than one economic regions
    Do you think the AEC 2015 will affect you industry and your business?
    Changing business landscape and risk profile
  • 27. Rights
    Health
    Education
    Security
    Distribution of wealth
    New lifestyles
    Demography
    Which one of these elements would affect you business most?
    Changing business landscape and risk profile
  • 28. Technology has been one of the factors that levels economies and markets
    Enables new business
    Destroy existing business
    Allows different ways of running businesses
    Would Web 2.0 makes your business model obsolete?
    Changing business landscape and risk profile
  • 29. The Green Economy would be more visible in the years to come
    Rules and regulation, domestically and in the market you serve, would require businesses to assess the business models
    Is your business already affected by environmental issues?
    What will happen post Copenhagen?
    Changing business landscape and risk profile
  • 30. Don’t be caught like a frog!
    Changing business landscape and risk profile
  • 31. Changing business landscape and risk profile
    Turbulence is the unpredictable and swift changes in an organisational internal or external environment that affects its performance
    A business arrives at a strategic inflection point when its old strategy no longer works and must be replaced by new one if it want to ascend to new heights
    Strategic Inflection Point
    Level
    Of
    Chaos
    Time
  • 32. Ability to Respond Swiftly to the Change is Critical
    Giving up the illusion that you could predict the future is a very liberating moment. All you can do is to give yourself the capacity to respond to the only certainty of life – which is uncertainty. The creation of that capability is strategy.
    Lord John Browne, Group Chief Executive of BP
  • 33. Network-Centric Innovation
  • 34. Network-Centric Innovation
  • 35. Network-Centric Innovation
  • 36. Services and it’s Economic Significance
    Trade in services grew by 18% compared to 15% in good in 2007
    However, trade in services in only 19% of total world trade
    WTO International Trade Statistics 2008
  • 37. Services and it’s Economic Significance
    Trade in commercial services in 2007 was highly concentrated in North America, Asia and Europe (representing 15, 29 and 50 per cent respectively of total commercial services trade).
    WTO International Trade Statistics 2008
  • 38. Services and it’s Economic Significance
    Since the 1990s, the volume of exports of EU goods and services increased in a broadly similar pattern, both by about 6.5% per year on average. Consequently services maintained their share of roughly 22% of overall international trade during this period.
    European Union international trade in services, Analytical aspects
  • 39. Moving Forward
    Malaysia need to move from thinking and talking to DOING
    Sustainability of business depends of the ability to create value in the ever changing environment
    Innovation needs brainpower including those outside of the organisational wall
    Services would be the key contributor to our economic growth