0
Between Innovation and Business Strategy
Creating Partnership
Jeremy Jay V. Lim, CSS-BB, PMP
Six Sigma Program Manager
This is a presentation about the sharing of tips on how to establish the
connection between the innovation that we do and ...
We do Six Sigma but
where are our Cost
Saves?
Why is my Six Sigma
project not being
supported?
Why are our projects not
solving the real problem?
These problems arise coming from the great disconnect between
innovation and the company's business strategies.
Even at pr...
Now, let's tackle the 1st context - the lack of structured
Project Mangement Process.
TBM Consulting has reported survey r...
The Disconnect
coming from lack of structured
Project Management (PM) Process
TBM Consulting, www.tbmcg.com, 2012
PM's Dilemma
Project managers understood the link of
their project to the company obje...
PM's DilemmaTBM Consulting, www.tbmcg.com, 2012
Every project points toward its own objective
TBM Consulting, www.tbmcg.com, 2012
Maintaining a line-of-sight connection between
projects and objectives is critical
PM'...
Tips on the Project Management
PM Process
Tip No. 1
Set strategically aligned project themes
if your company does not have a structured project planning process, a ...
Project Themes based on Business Objectives
Balanced Scorecard
Business Strategies
You can also use Six Sigma to help you
...
Tip No. 2
Go through the Business Case Analysis
GO? No GO?OR
By going through the Business Case analysis, we are compelled...
Tip No. 3
Partner up with a Finance Analyst
To validate project saves, impact and strategic alignment
to business objectiv...
Tip No. 4
Establish structured Project Management Process
from Project Identification to Project Closure
Without a standar...
Tip No. 4
Mesh together Project Management Practices with
the Six Sigma Program Governance
Six Sigma Project's success can...
Next ,there are times that even with good project governance,
good people in place, good projects to work on
Still, they d...
The Disconnect coming from the lack of fit of the
to the organization's Innovation Culture
Innovation Culture is influenced
by the Innovation Strategy
FAST PACE
INCREMENTAL
MANAGED PACE
INNOVATIVE
SLOWER PACE
DISR...
What things do
we look out for in
a company’s
innovation
culture?
Culture of Urgency
Do you have a culture where innovation has
to be done fast and that project Champion
and Sponsors are m...
Culture of Risk Taking
Are people in your organization or company
comfortable with radical changes?
Is your project champi...
Culture of Doing Less Paper works
Action-orientedDocument savvy vs.
Do you have a culture where people are more inclined t...
To manage Innovation Culture play with the
Organization's Strengths
Tip No. 4
Folks, it’s harder to create a new culture t...
Innovation and Business Strategy
Creating Partnership Between
Balanced Scorecard
Business
Strategies
Innovation
Projects
S...
Between Innovation and Business Strategy
Creating Partnership
is very important!!
Watch out for the
book version
of this presentation
COMING SOON!!
In this book, you’ll know more about:
Business Model Cre...
About Me
Jeremy Jay V. Lim
CSS-BB, PMP, MSEM, BPM
Email: jeremyjay_lim@yahoo.com
Twitter: smartgeek1375
Facebook Page:
Sig...
Aligning Innovation to Business
Upcoming SlideShare
Loading in...5
×

Aligning Innovation to Business

8,337

Published on

This is a presentation made in the latest Six Sigma conference. It was meant to share tips on how to align innovation initiatives to the business objectives and business strategies.
The full book version will follow soon.

Please press LIKE button on top if you like this presentation. Thanks.

Published in: Education, Business, Technology
4 Comments
17 Likes
Statistics
Notes
No Downloads
Views
Total Views
8,337
On Slideshare
0
From Embeds
0
Number of Embeds
10
Actions
Shares
0
Downloads
93
Comments
4
Likes
17
Embeds 0
No embeds

No notes for slide

Transcript of "Aligning Innovation to Business "

  1. 1. Between Innovation and Business Strategy Creating Partnership Jeremy Jay V. Lim, CSS-BB, PMP Six Sigma Program Manager
  2. 2. This is a presentation about the sharing of tips on how to establish the connection between the innovation that we do and our business strategies. This presentation also reminds us to do the right innovation that matters to the business. First, let's try to examine if we are facing situations where we ask ourselves these questions on the following slides.
  3. 3. We do Six Sigma but where are our Cost Saves?
  4. 4. Why is my Six Sigma project not being supported?
  5. 5. Why are our projects not solving the real problem?
  6. 6. These problems arise coming from the great disconnect between innovation and the company's business strategies. Even at present, not one company is spared from this problem and there's still a continuous effort to align the two even for companies with high maturity levels. Now, if we will talk about the ways to solve this kind of problem, we will be looking at 2 perspectives and talk about the next steps from within these 2 contexts as shown in the next slide - Project Management Process and Fitness to the Company's Innovation Culture
  7. 7. Now, let's tackle the 1st context - the lack of structured Project Mangement Process. TBM Consulting has reported survey results that paints a picture of an existing disconnect between projects undertaken by Project Managers versus business objevtives as shown in the next slides.
  8. 8. The Disconnect coming from lack of structured Project Management (PM) Process
  9. 9. TBM Consulting, www.tbmcg.com, 2012 PM's Dilemma Project managers understood the link of their project to the company objectives. Of the Project managers understood how their projects were prioritized and chosen 1 out of 4 Only 50% Only
  10. 10. PM's DilemmaTBM Consulting, www.tbmcg.com, 2012 Every project points toward its own objective
  11. 11. TBM Consulting, www.tbmcg.com, 2012 Maintaining a line-of-sight connection between projects and objectives is critical PM's Dream
  12. 12. Tips on the Project Management PM Process
  13. 13. Tip No. 1 Set strategically aligned project themes if your company does not have a structured project planning process, a good starting point is to select projects based on your core priority objectives. You may decide to do projects focusing on Operating Cost Reduction, Inventory Reduction, Service TAT Reduction, Customer Satisfaction, Increase Revenue , etc.
  14. 14. Project Themes based on Business Objectives Balanced Scorecard Business Strategies You can also use Six Sigma to help you get to close or achieve your targets instead of using old standard ways. Below shows the process of identifying Six Sigma or innovation projects based on the company Balance Scorecard or Performance Measurement System.
  15. 15. Tip No. 2 Go through the Business Case Analysis GO? No GO?OR By going through the Business Case analysis, we are compelled to look into the impact, risks and the alignment to business objectives of a project in mind before deciding to push through.
  16. 16. Tip No. 3 Partner up with a Finance Analyst To validate project saves, impact and strategic alignment to business objectives
  17. 17. Tip No. 4 Establish structured Project Management Process from Project Identification to Project Closure Without a standard structured project management process, the tendency is for the innovation project leaders to jump right into execution and experience immature project closure. Having that process would ensure everyone uses the right approach from identifying, executing and closure of projects.
  18. 18. Tip No. 4 Mesh together Project Management Practices with the Six Sigma Program Governance Six Sigma Project's success can be further nhanced by applying some of Project Management processes and best practices in the knowledge areas such as Project risk management, Scope management, Stakeholder management, etc. These are things not taught in a Six Sigma class because its strength is in problem solving and not much on project management side.
  19. 19. Next ,there are times that even with good project governance, good people in place, good projects to work on Still, they don't fly and the only reason we can think of is because the introduced innovation program does not fit the company's innovation culture. Let's examine how fitness of innovation to the organizational culture comes into play.
  20. 20. The Disconnect coming from the lack of fit of the to the organization's Innovation Culture
  21. 21. Innovation Culture is influenced by the Innovation Strategy FAST PACE INCREMENTAL MANAGED PACE INNOVATIVE SLOWER PACE DISRUPTIVE Increase Market Share Introduce New Products Disruptive Innovation “Alchemy of Business Growth”, Mehrdad Baghai, et. Al, 1999, NY, Orion Profit Time (years) Horizon 1 Strategy Horizon 2 Strategy Horizon 3 Strategy Business growth strategy drives your Innovation strategy. Innovation strategy hones the innovation culture.
  22. 22. What things do we look out for in a company’s innovation culture?
  23. 23. Culture of Urgency Do you have a culture where innovation has to be done fast and that project Champion and Sponsors are more comfortable with mini-projects that lasts around 3 months rather than going for end-to-end type of projects which, say, finishes in 12 months? If that is the case, you may want to have more mini-projects in your project list or portfolio with big projects broken down into small Lean initiatives. It is also worthwhile to adapt Agile SCRUM for IT-enabled projects.
  24. 24. Culture of Risk Taking Are people in your organization or company comfortable with radical changes? Is your project champion comfortable pushing forward projects where there are uncertainties in terms of acceptability and success? If the answer to both is NO, then it is suggested that you pursue more incremental improvement projects with a sure-fire change management program to ensure that concerned people are informed, aware and would accept the introduced changes.
  25. 25. Culture of Doing Less Paper works Action-orientedDocument savvy vs. Do you have a culture where people are more inclined to deliver results on time rather than document before proceeding to execution of the innovation? If that is the case, it is suggested to adapt an innovation method that requires less paper works or documentation so that more time can be spent on actually working on the project. You may also consider simplifying your project documentation if some are really necessary.
  26. 26. To manage Innovation Culture play with the Organization's Strengths Tip No. 4 Folks, it’s harder to create a new culture than just strengthening the culture in place already.
  27. 27. Innovation and Business Strategy Creating Partnership Between Balanced Scorecard Business Strategies Innovation Projects Six Sigma & CPI PM Process Alignment to Objectives Innovation Culture Strategic Fit In this presentation, we discussed ways on how to align innovation and business strategy. We focused on 2 contexts – Structured PM Process and Fitness to the Innovation Culture.
  28. 28. Between Innovation and Business Strategy Creating Partnership is very important!!
  29. 29. Watch out for the book version of this presentation COMING SOON!! In this book, you’ll know more about: Business Model Creation Balance Scorecard Innovation Techniques Aligning Innovation to Business Strategies
  30. 30. About Me Jeremy Jay V. Lim CSS-BB, PMP, MSEM, BPM Email: jeremyjay_lim@yahoo.com Twitter: smartgeek1375 Facebook Page: Sigma Process Excellence Currently a Six Sigma Program Manager Black Belt for over 10 years Currently preparing for Master Black Belt certification and certification for highest title as ASQ-Manager of Quality and Organizational Excellence Has worked in Manufacturing, BPO & Fin’l Svcs Has done TPM, Six Sigma, RAD, BPM, BPR and PMO Guest speaker in Six Sigma conferences Authored BPM whitepapers Part-time professor of Quality and Proj. Mgt. Passionate about Value-driven Change and Innovation
  1. Gostou de algum slide específico?

    Recortar slides é uma maneira fácil de colecionar informações para acessar mais tarde.

×