Built to Thrive: using Toyota to illustrate innovation portfolio management

Built to Thrive: using Toyota to illustrate innovation portfolio management Dr. Jay van Zyl www.BuiltToThrive.com www.SystemicLogic.com Radical Ideas | Practical Implementation

Radical Ideas | Practical Implementation

How Innovative is Toyota? What can you learn from them? Radical Ideas | Practical Implementation

Innovation Portfolio Assessment: Managing the balance between execution and innovation Renew DISRUPTIVE INNOVATION: RADICAL INNOVATION DISRUPT OFFERING TOYOTA METAPOLIS TOYOTA TSUSHO TOYOTA LOCALIZATION TOYOTA NEW STRATEGY BUSINESS ENTERPRISES OFFERINGS INCREMENTAL INNOVATION DISRUPTIVE INNOVATION: DISRUPT CAPABILITY TOYOTA WORLD- WIDE OPERATIONS TOYOTA WORLD- TOYOTA WIDE PRODUCTION OPERATIONS SYSTEM Enhance Enhance Renew ORGANIZATION CAPABILITIES This is a qualitative depiction, and should be used for illustrative purposes only. Radical Ideas | Practical Implementation

Innovation Portfolio Assessment: Driving today's priorities for future success Plan for the future for today's success Renew DISRUPTIVE INNOVATION: RADICAL INNOVATION DISRUPT OFFERING TOYOTA ROBOTICS AND MOBILITY TOYOTA TSUSHO TOYOTA TOYOTA SCION HYBRID CARS TOYOTA NEW TOYOTA BUSINESS LEXUS ENTERPRISES OFFERINGS INCREMENTAL INNOVATION DISRUPTIVE INNOVATION: TOYOTA DISRUPT CAPABILITY FINANCIAL SERVICES TOYOTA GLOBAL TOYOTA PRODUCTION CAROLLA NETWORK & MUTUAL SUPPLY TOYOTA WORLD- TOYOTA WIDE PRODUCTION OPERATIONS SYSTEM Enhance Enhance Renew ORGANIZATION CAPABILITIES This is a qualitative depiction, and should be used for illustrative purposes only. Radical Ideas | Practical Implementation

DOMINANT IDEA CUSTOMER IMMERSION NETWORK PARADIGM CO-PRODUCTION VENTURING FOR SUCCESS INNOVATORS DILEMMA Radical Ideas | Practical Implementation

The Dominant Idea Radical Ideas | Practical Implementation

The Dominant Idea: Innovate offerings and not just products and services Centered on the theme "Innovation into the Future," the Toyota Global Vision 2010 proposes the corporate image for which all of Toyota should strive and the paradigm change Toyota should undergo. Radical Ideas | Practical Implementation

Customer Immersion: A Globalized View on Customer Understanding Radical Ideas | Practical Implementation

Key Corporate Strategy Feedback: Collecting wisdom to drive competitive edge Radical Ideas | Practical Implementation

Key Corporate Strategy Feedback: Beyond the value chain, towards value networks Radical Ideas | Practical Implementation

Key Corporate Strategy Feedback: Market-making through localization Radical Ideas | Practical Implementation

Manufacturing: World-Wide Operations: Capturing the essence of local capabilities Radical Ideas | Practical Implementation

Design, Research & Development: Integrated perspective on delivering value Radical Ideas | Practical Implementation

Rethinking Localization Getting closer to customers Radical Ideas | Practical Implementation

Building a Brand in Banking: Customers for Life Radical Ideas | Practical Implementation

Social Connections: Considering Future Car-based Lifestyles with Customers  Test driving, purchasing with virtual currency, and driving virtual cars based on production models.  Test driving, purchasing with virtual currency, and driving future cars and other vehicles that it would be difficult to experience in the real world.  Plant and worksite tours at the virtual Toyota Motor Corporation.  Learning about motor vehicles and Toyota's history in a virtual museum.  Learning about technologies and products through a variety of games.  Interacting with other users and with TMC through various events and services. Radical Ideas | Practical Implementation

Towards an Integrated Network Paradigm Radical Ideas | Practical Implementation

Toyota’s Next-Generation Telematics Service Radical Ideas | Practical Implementation

Networked Society Radical Ideas | Practical Implementation

Technology R&D Achieving further advances in ITS will require the merging of a wide range of technologies that go beyond the conventional approach to building cars, such as detection technologies, telecommunication technologies, and information-processing technologies. Toyota is leading the way to the commercialization and widespread implementation of ITS by actively participating in research and development and verification test projects in cooperation with governmental agencies, the private sector, and academic institutions. Individual companies within the Toyota Group are also participating in efforts in their respective areas of expertise, and are working together to further advance the various control technologies and telecommunication technologies that have been researched and developed in the course of designing and building cars. Radical Ideas | Practical Implementation

The Scion Story: Using Co-Production to move Towards Crowdsourcing Radical Ideas | Practical Implementation

Towards the Future Radical Ideas | Practical Implementation

Some Key Innovations Radical Ideas | Practical Implementation

Rethinking Mobility: Experimenting to Achieve Future Success Radical Ideas | Practical Implementation

Venturing for Success Radical Ideas | Practical Implementation

The Origin and Development of New Business Enterprises Radical Ideas | Practical Implementation

Venturing for Success Radical Ideas | Practical Implementation

Aero Asahi Corporation: creating your tomorrow through the fusion of aviation and spatial information Radical Ideas | Practical Implementation

Good Life Design Co. Ltd Radical Ideas | Practical Implementation

Toyota activity in Biotechnology Radical Ideas | Practical Implementation

The Innovators Dilemma Radical Ideas | Practical Implementation

Externalize Research Radical Ideas | Practical Implementation

“The New Corporation's Philosophical System comprising four levels and opens up the new times” Basic philosophy - "Corporate Philosophy" Living and prospering together with people, society, and the globe, we aim to be a value-generating corporation that contributes to creation of a prosperous society. "Behavioral Guidelines” - As a good corporate citizen, we will:  implement open and fair corporate activities  fulfill our social responsibilities, and conserve the global environment.  offer creativity, and provide added value  respect people, and create an active workplace worth working in. Radical Ideas | Practical Implementation

Creating new companies for a new future Vision - "VISION2015 -LEAD THE NEXT-"  Strategic Intentions  Becoming a "value generating corporation," the new Toyota Tsusho aims to make a further leap by creating next-generation businesses in 6 business domains = 6 business divisions. “LEAD THE NEXT” Radical Ideas | Practical Implementation

Expansive Thinking Radical Ideas | Practical Implementation

DOMINANT IDEA CUSTOMER IMMERSION NETWORK PARADIGM CO-PRODUCTION VENTURING FOR SUCCESS INNOVATORS DILEMMA Radical Ideas | Practical Implementation

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Built to Thrive: using Toyota to illustrate innovation portfolio management

by Jay van Zyl

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