Innovation Team Topic01 3 Innovator Types

BUILDING AN INNOVATION TEAM 3 TYPES of INNOVATORS Julian Keith Loren November 2009 Framing Presentation for #innochat http://www.innomgmt.com http://www.linkedin.com/in/juliankeithloren

3 TYPES of INNOVATORS I’ve found it beneficial to distinguish between 3 types of innovators. (Even though some innovators fit more than 1 type) 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 8

3 TYPES of INNOVATORS Type #3: Paradigm Innovator • Strategic Vision and Informed Prediction • Aware of the Potential Risk and Reward 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 17

3 TYPES of INNOVATORS Team for complex, large-scale innovation initiatives: Many Domain Innovators (from different domains) Several Multi-Disciplinary Innovators 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 20

3 TYPES of INNOVATORS Team for complex, large-scale innovation initiatives: Many Domain Innovators (from different domains) Several Multi-Disciplinary Innovators One Paradigm Innovator 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 21

3 TYPES of INNOVATORS Contributions: Domain Innovators: Product, Service, and Technology Innovation Multi-Disciplinary Innovators: Business Model and Process Innovation 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 24

3 TYPES of INNOVATORS Contributions: Domain Innovators: Product, Service, and Technology Innovation Multi-Disciplinary Innovators: Business Model and Process Innovation Paradigm Innovator: Industry Model and Paradigm Innovation Disruptive Innovation Goals / “Blue Oceans” 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 25

3 TYPES of INNOVATORS Contributions: Domain Innovators: Product, Service, and Technology Innovation Multi-Disciplinary Innovators: Business Model and Process Innovation Paradigm Innovator: Industry Model and Paradigm Innovation Disruptive Innovation Goals / “Blue Oceans” 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 26

3 TYPES of INNOVATORS Practical Tip #2: Present Some Complex Design Problems Domain Innovators Will answer the question creatively. 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 28

3 TYPES of INNOVATORS Practical Tip #2: Present Some Complex Design Problems Domain Innovators Will answer the question creatively. Multi-Disciplinary Innovators Will question the question, or ask for clarification. 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 29

3 TYPES of INNOVATORS Practical Tip #2: Present Some Complex Design Problems Domain Innovators Will answer the question creatively. c Multi-Disciplinary Innovators Will question the question, or ask for clarification. Paradigm Innovator: Will question the assumptions underlying the question. (Which is why you only want one of them on your team) 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 30

3 TYPES of INNOVATORS There are many other important factors for Innovation Team-Building But balancing the 3 innovator types in your team, 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 32

3 TYPES of INNOVATORS There are many other important factors for Innovation Team-Building But balancing the 3 innovator types in your team, Is a vital factor which is often missed. 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 33

3 TYPES of INNOVATORS There are many other important factors for Innovation Team-Building But balancing the 3 innovator types in your team, Is a vital factor which is often missed. To discuss why it matters, please join #innochat on Thursday, November 12, 2009 at 12PM Eastern. 11/12/2009 ©2009, Innovation Management Institute. All Rights Reserved. 34

3 TYPES of INNOVATORS BRAIN-DUMP SLIDE: OTHER FACTORS A few additional factors to consider when putting together an innovation team: 1. Team Breadth: Having Differing Disciplines + Perspectives Represented. 2. Beyond the Core Team: Identifying and Engaging Liaisons + Critics. 3. Balancing Mandates: Dealing with the Tensions Between Operational Mandates (Stability, Reliability) and Innovation Mandates (Change, Differentiation). [Some team members may have both mandates!] 4. Pride Investment Portfolio: Sharing a Focus on the Team and the Result [Introduced in this Presentation: http://bit.ly/prideip ] 5. Real Elements of Innovator Compensation: Scope of Innovation’s Impact may trump Salary. 6. When Neither “Generalist” nor “Specialist” Fits: The Top Innovator’s Expertise at being an Expert. I’m working on a book on Innovation Teams & Culture that covers these topics and more. If you’d you like to contribute, or have interest in peer reviewing chapters, please let me know! jkl@innomgmt.com 11/12/2009 © 2009, Innovation Management Institute. All Rights Reserved. 35

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Innovation Team Topic01 3 Innovator Types

by Julian Keith Loren on Nov 11, 2009

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