Innovation and Change for Business Sustainability<br />Nik Mohd Hasyudeen Yusoff<br />CEO, Inovastra<br />Competitiveness ...
Source: NEAC<br />
Source: NEAC<br />
Source: NEAC<br />
Source: NEAC<br />
Source: NEAC<br />
Source: NEAC<br />
Source: NEAC<br />
“We were successful in the past in transforming the economy from agriculture to industrial-based.<br />We now have to shif...
Source: NEAC<br />
Key Strategic Thrust Relating to Innovation<br />Thrust 1 – Move the economy up the value chain<br />Increase the value ad...
Key Strategic Thrust Relating to Innovation<br />Thrust 2 – To raise the capacity for knowledge and innovation and to nurt...
What Is a Business?<br /><ul><li>A business:
Needs to serve customers
Needs to compete
Creates value and return to shareholders and stakeholders
Operates in business environment that keeps on changing
Is affected by global developments
Generates profit through risk taking (uncertainty)</li></li></ul><li>Value Creation is Key to Business Sustainability<br /...
How Does A Business Create Value?<br />Inovastra’s view of value creation<br />Leadership<br />Strategy<br />Values<br />V...
Doing Nothing About Risk is Definitely Risky<br />In ensuring business sustainability, the appreciation of risks and mitig...
Politics<br />Your<br />Competitors<br />Your<br />Competitors<br />Economy<br />Your<br />Customers<br />Your<br />Custom...
Politics drive government policies which would affect the economy and business climate<br />Global and regional political ...
The inter-linkages between economies could not be denied anymore and any changes in other places would affect the local ec...
Rights<br />Health<br />Education<br />Security<br />Distribution of wealth<br />New lifestyles<br />Demography<br />Which...
Technology has been one of the factors that levels economies and markets<br />Enables new business<br />Destroy existing b...
The Green Economy would be more visible in the years to come<br />Rules and regulation, domestically and in the market you...
Don’t be caught like a frog! <br />Changing business landscape and risk profile<br />
Changing business landscape and risk profile<br />Turbulence is the unpredictable and swift changes in an organisational i...
Ability to Respond Swiftly to the Change is Critical<br />Giving up the illusion that you could predict the future is a ve...
Network-Centric Innovation<br />
Network-Centric Innovation<br />
Network-Centric Innovation<br />
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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

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Innovation And Change For Business Sustainability

  1. 1. Innovation and Change for Business Sustainability<br />Nik Mohd Hasyudeen Yusoff<br />CEO, Inovastra<br />Competitiveness Through Innovation and Strategy<br />
  2. 2.
  3. 3. Source: NEAC<br />
  4. 4. Source: NEAC<br />
  5. 5. Source: NEAC<br />
  6. 6.
  7. 7. Source: NEAC<br />
  8. 8. Source: NEAC<br />
  9. 9. Source: NEAC<br />
  10. 10. Source: NEAC<br />
  11. 11. “We were successful in the past in transforming the economy from agriculture to industrial-based.<br />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”<br />2010 budget speech<br />
  12. 12. Source: NEAC<br />
  13. 13. Key Strategic Thrust Relating to Innovation<br />Thrust 1 – Move the economy up the value chain<br />Increase the value add of manufacturing, services and agriculture<br />Generating new sources of wealth in technology and knowledge intensive sectors<br />Expending the market for Malaysian product and services<br />
  14. 14. Key Strategic Thrust Relating to Innovation<br />Thrust 2 – To raise the capacity for knowledge and innovation and to nurture First Class mentality<br />Improving access to and quality of education system<br />Nurturing top quality research and development, and scientific and innovation capability<br />
  15. 15. What Is a Business?<br /><ul><li>A business:
  16. 16. Needs to serve customers
  17. 17. Needs to compete
  18. 18. Creates value and return to shareholders and stakeholders
  19. 19. Operates in business environment that keeps on changing
  20. 20. Is affected by global developments
  21. 21. Generates profit through risk taking (uncertainty)</li></li></ul><li>Value Creation is Key to Business Sustainability<br />Value Creation Facets of BHP Billiton<br />Value creation is multi-facet and could be viewed from internal dimension as well as external dimension<br />Balancing the value proposition to shareholders and stakeholders would be key to business sustainability<br />
  22. 22. How Does A Business Create Value?<br />Inovastra’s view of value creation<br />Leadership<br />Strategy<br />Values<br />Value proposition<br />Internal resources<br />Value creation<br />Customers<br />People<br />Processes<br />Functionality<br />Platform<br />Intellectual assets<br />Feelings<br />Physical resources<br />Financials<br />Protocol<br />External network<br />Business partners<br />Institutional partners<br />
  23. 23. Doing Nothing About Risk is Definitely Risky<br />In ensuring business sustainability, the appreciation of risks and mitigation of risks at the strategic level is very important<br />Key strategic risks are:<br />Demand risk<br />Competitive risk<br />Capability risk<br />
  24. 24. Politics<br />Your<br />Competitors<br />Your<br />Competitors<br />Economy<br />Your<br />Customers<br />Your<br />Customers<br />Your<br />Customers<br />Society<br />Technology<br />Your<br />Business<br />Your<br />Suppliers<br />Your<br />Network<br />Partners<br />Environment<br />Changing business landscape and risk profile<br />
  25. 25. Politics drive government policies which would affect the economy and business climate<br />Global and regional political developments add to the complications of local politics<br />How far would the G-20 initiatives would affect you?<br />Changing business landscape and risk profile<br />
  26. 26. The inter-linkages between economies could not be denied anymore and any changes in other places would affect the local economic conditions<br />The globalisation and regionalisation of business require businesses be involved in more than one economic regions<br />Do you think the AEC 2015 will affect you industry and your business?<br />Changing business landscape and risk profile<br />
  27. 27. Rights<br />Health<br />Education<br />Security<br />Distribution of wealth<br />New lifestyles<br />Demography<br />Which one of these elements would affect you business most?<br />Changing business landscape and risk profile<br />
  28. 28. Technology has been one of the factors that levels economies and markets<br />Enables new business<br />Destroy existing business<br />Allows different ways of running businesses<br />Would Web 2.0 makes your business model obsolete?<br />Changing business landscape and risk profile<br />
  29. 29. The Green Economy would be more visible in the years to come<br />Rules and regulation, domestically and in the market you serve, would require businesses to assess the business models<br />Is your business already affected by environmental issues?<br />What will happen post Copenhagen?<br />Changing business landscape and risk profile<br />
  30. 30. Don’t be caught like a frog! <br />Changing business landscape and risk profile<br />
  31. 31. Changing business landscape and risk profile<br />Turbulence is the unpredictable and swift changes in an organisational internal or external environment that affects its performance<br />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<br />Strategic Inflection Point<br />Level<br />Of<br />Chaos<br />Time<br />
  32. 32. Ability to Respond Swiftly to the Change is Critical<br />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.<br />Lord John Browne, Group Chief Executive of BP<br />
  33. 33. Network-Centric Innovation<br />
  34. 34. Network-Centric Innovation<br />
  35. 35. Network-Centric Innovation<br />
  36. 36. Services and it’s Economic Significance<br />Trade in services grew by 18% compared to 15% in good in 2007<br />However, trade in services in only 19% of total world trade<br />WTO International Trade Statistics 2008<br />
  37. 37. Services and it’s Economic Significance<br />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).<br />WTO International Trade Statistics 2008<br />
  38. 38. Services and it’s Economic Significance<br />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.<br />European Union international trade in services, Analytical aspects<br />
  39. 39. Moving Forward<br />Malaysia need to move from thinking and talking to DOING<br />Sustainability of business depends of the ability to create value in the ever changing environment<br />Innovation needs brainpower including those outside of the organisational wall<br />Services would be the key contributor to our economic growth<br />
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