Towards more innovative industrial sector

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  • - Story: Problem Identification- Story: Innovation / Change
  • http://www.15inno.com/2009/10/07/sme/
  • Innovations are done now using Trial and Errors
  • Photo: http://www.harvardbusinessmanager.de/heft/artikel/grossbild-599698-1403271.htmlhttps://www.harvardbusinessmanager.de/heft/artikel/grossbild-599549-1403241.html
  • - Culture of Accepting failures - Organizations doing well may not able to innovateRemember:Success truly is the result of good judgment. Good judgment in the result of experience, and experience is often the result of bad judgment.
  • Towards more innovative industrial sector

    1. 1. Towards more innovativeindustrial sector in Jordan Jamil Alkhatib Chamber of Industry 19.11.2011 Global Entrepreneurship Week Copyrights © 2011 Jamil Alkhatib 1
    2. 2. Opening Questions• How can I be an innovator?• How can I use innovation to grow my sales and profits?• How can I convert innovation to JD/$?• Where do you see potential wasted?• What are the main barriers to innovations Jordanian industry face? Copyrights © 2011 Jamil Alkhatib 2
    3. 3. Jamil Alkhatib• Founder of IBTECAR• (Innovation, Business, Technology, Entrepreneurship and Creativity for the Arab Region)• MSc. Technology & Innovation Management• BSc. Electrical Engineering• Consulting: – Change and innovation management – SME Development – Technology commercialization – Product and technology strategy planning – Early stage venture assistance ideas2market – Creativity techniques Copyrights © 2011 Jamil Alkhatib 3
    4. 4. Organizations Supported Copyrights © 2011 Jamil Alkhatib 4
    5. 5. Content• What is innovation and why it matters• Managing innovations in organizations• Barriers to Innovation• Building an innovative organization• Recommendations Copyrights © 2011 Jamil Alkhatib 5
    6. 6. Global Innovation Copyrights © 2011 Jamil Alkhatib 6
    7. 7. Global Innovation Copyrights © 2011 Jamil Alkhatib 7
    8. 8. Innovation in Jordan Copyrights © 2011 Jamil Alkhatib 8
    9. 9. Innovation & Reputation Innovation Ranking 2008 Reputation Ranking 2008Rank Company Country Rank Company Country 1 Apple USA 1 Toyota Motor Japan 2 Google USA 2 Google USA 3 Toyota Motor Japan 3 IKEA Sweden 4 General Electric USA 4 Ferrero Italy 5 Microsoft USA 5 Johnson & Johnson USA 6 Tata Group India 6 Tata Group India 7 Nintendo Japan 7 Kraft Foods USA 8 Procter & Gamble USA 8 Novo Nordisk Denmark 9 Sony Japan 9 Grupo Bimbo Mexico 10 Nokia Finland 10 Mirgos Switzerland 11 Amazon.com USA 11 General Mills USA 12 IBM USA 12 Walt Disney USA 13 Research in Motion Canada 13 Haier Corporation China 14 BMW Germany 14 InfoSys Tech. India 15 Hewlett-Packard USA 15 UPS USA Source: BusinessWeek, 2008 Source: Reputation Institute, 2008 9 Copyrights © 2011 Jamil Alkhatib
    10. 10. Innovation is not Fantasy It is a must New emerging markets Preferred Partnership Globalized Markets Changing Customers Behavior New Technologies Short Life-cycle Fund Raising Gaining new customers Publicity Attract the best employees/experts New competitors Overcoming Recession Emerging Disrupting Technologies Brand name Impress Stake holdersGrowth Opportunity Copyrights © 2011 Jamil Alkhatib 10
    11. 11. Innovate or Die Copyrights © 2011 Jamil Alkhatib 11
    12. 12. Economics & Innovation Copyrights © 2011 Jamil Alkhatib 12
    13. 13. SO WHAT IS INNOVATION Copyrights © 2011 Jamil Alkhatib 13
    14. 14. INNOVATION 1.0 Copyrights © 2011 Jamil Alkhatib 14
    15. 15. Innovation Definition Innovation 1.0 – idea, product, sell Problem Problem SolutionRecognition Solving Exploitation Innovation (Invention) "Anything that wont sell, I dont want to invent." Thomas Edison Copyrights © 2011 Jamil Alkhatib 15
    16. 16. Types of innovationsProduct Service BusinessProcess Model Copyrights © 2011 Jamil Alkhatib 16
    17. 17. INNOVATION 2.0 Copyrights © 2011 Jamil Alkhatib 17
    18. 18. A Business Model......describes the rationale of how an organisation creates, delivers and captures value • Customers • Infrastructure • Offer • Financial viability
    19. 19. Business Model Canvas value key activities customer proposition relationships customer segmentskey partners cost key revenue structure channels streams resources Copyrights © 2011 Jamil Alkhatib 19
    20. 20. Customer Development Product Development Concept/ Product Alpha/Beta Launch/1st Bus. Plan Dev. Test ShipInnovation 2.0 – idea, share w/ customer, improve, markettest, keep refining the business model (Value) Copyrights © 2011 Jamil Alkhatib 20
    21. 21. INNOVATION 3.0 Copyrights © 2011 Jamil Alkhatib 21
    22. 22. What is common to theseCompanies Copyrights © 2011 Jamil Alkhatib 22
    23. 23. Open Innovation Copyrights © 2011 Jamil Alkhatib 23
    24. 24. Open Innovation• All the best people do not work here• Is about communication• Global Shift towards ecosystem• Every business participate• Innovation is about more than just products.• Control or contribution?• Big corporations can drain a smaller company. Copyrights © 2011 Jamil Alkhatib 24
    25. 25. Innovation 3.0Idea, collaborate (local/global), test, refine global market test, refine, buildecosystem (market solutions) build Idea refine, ecosystem global collaborate market test test refine Copyrights © 2011 Jamil Alkhatib 25
    26. 26. InnovationsInnovation 1.0 – idea, product, sellInnovation 2.0 – idea, share w/ customer, improve,market test, keep refining the business model(Value)Innovation 3.0 – Idea, collaborate (local/global), test,refine global market test, refine, build ecosystem(market solutions) Copyrights © 2011 Jamil Alkhatib 26
    27. 27. SO FROM WHERE TOSTART? Copyrights © 2011 Jamil Alkhatib 27
    28. 28. Innovation Management Innovation Management Invest in Invest inInnovation Innovation Hope Expect**Occasional Regular Innovative Success Results 28 Copyrights © 2011 Jamil Alkhatib
    29. 29. Innovation Management ImpactCompetitive Advantage Innovation Management Quality Productivity Time Today Copyrights © 2011 Jamil Alkhatib 29
    30. 30. So can we really manageinnovations? Copyrights © 2011 Jamil Alkhatib 30
    31. 31. Can innovation be managed?• Innovation is complex and uncertain process• Developing of new products is bumpy road• Problems in creating new business models• Convincing stakeholders: investors, and staff• Support of family & friends during process• Different goals and expectations• The difference between the lab and the market Copyrights © 2011 Jamil Alkhatib 31
    32. 32. Innovation Management• Management is not about control or mechanisms it is about creating the conditions• On the other hand management of innovation has to do with resources to be committed and the decisions to be taken and coordination among players Copyrights © 2011 Jamil Alkhatib 32
    33. 33. Innovation Management Dimensions Structure “Successful innovation requires choosing, building, and preparing the right organization and the right people for executing andPeople Innovation Process scaling the innovation.” Mgmt Clayton M. Cristensen & Tara Donavan Strategy Copyrights © 2011 Jamil Alkhatib 33
    34. 34. Building the innovative organizationINNOVATIONPROCESS Copyrights © 2011 Jamil Alkhatib 34
    35. 35. Process Characteristic Efficiency / Order Creativity/ Chaos Copyrights © 2011 Jamil Alkhatib 35Adopted from Ebner and Walti
    36. 36. Innovation Process Copyrights © 2011 Jamil Alkhatib 36Source: http://www.jpb.com/innovation/index.php
    37. 37. Building the innovative organizationPEOPLE Copyrights © 2011 Jamil Alkhatib 37
    38. 38. Factory case Copyrights © 2011 Jamil Alkhatib 38
    39. 39. Traditional Arguments• “This stuff doesn’t work in the real world…”• “We don’t have time to mess with this theoretical stuff…”• “No one will buy it”• “Our business is fine we do not need to change”• “Too Risky Investment”• “We do not know what might happen” Copyrights © 2011 Jamil Alkhatib 39
    40. 40. Innovation Resistance Novelty and Resistance are two sides of the Coin Copyrights © 2011 Jamil Alkhatib 40
    41. 41. Creative Thinking http://www.yout ube.com/w atch?v=xXr IoF- sVi8&NR= 1 • IBM I Man Yelling Copyrights © 2011 Jamil Alkhatib 41
    42. 42. Innovation Culture Engagement Humor Ideas InnovationRisk Freedom Culture Copyrights © 2011 Jamil Alkhatib 42
    43. 43. Risk Taking“Success is a lousy teacher. It seduces smart people into thinking they can’t lose” Bill Gates“If youre not failing every now and again,its a sign youre not doing anything veryinnovative.” Woody Allen Copyrights © 2011 Jamil Alkhatib 43
    44. 44. Freedom• Google engineers are required to allocate 20 percent of their time working on any project idea of their choosing• 3Ms “Friday time” or 15% of their time to pursue independent projects Copyrights © 2011 Jamil Alkhatib 44
    45. 45. Innovation Barriers Can not Not Do WillingDo not NotKnow Allowed Innovation Barriers Copyrights © 2011 Jamil Alkhatib 45
    46. 46. Innovation Barriers – looking for solutions….• Cash – it takes $ for inventions & products• Time – of the inventor and team• Test bed – objective lab for feedback• Market – where the real answers are• Founder’s financial stability – innovation takes time to become $$ so part time job or?• Problem – good innovations solve problems• Sales – start local grow regional/global Copyrights © 2011 Jamil Alkhatib 46
    47. 47. FINALRECOMMENDATIONS Copyrights © 2011 Jamil Alkhatib 47
    48. 48. Innovation• Innovation is the ability to respond to changes in the environment and• Learn to adapt• You can not develop your business model alone,• You can only with the feedback of customers Copyrights © 2011 Jamil Alkhatib 48
    49. 49. Recommendation to the managers• Commitment to innovation• Lean approach (utilize what we have and continue building on it)• Hire infected people• be crappy and ship as soon as you can• Kill the cash cows Copyrights © 2011 Jamil Alkhatib 49
    50. 50. Recommendations to the staff (innovators)• Put the company first• Stay under the radar• Seek forgiveness (if it comes to this), not permission.• Collect and share data• Remember you will get in trouble if you are a good innovator• Be ready for success Copyrights © 2011 Jamil Alkhatib 50
    51. 51. Innovation is all about… People ManagersPeople Customers People Employees Innovation Innovation Copyrights © 2011 Jamil Alkhatib 51
    52. 52. Thank Youwww.ibtecar.me http://www.ibtecar.me http://ibtecar.blogspot.com/ http:// www.slideshare.net/jamilkhatib Copyrights © 2011 Jamil Alkhatib 52

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