ALS12_Rene Domingo_Managing Pitfalls of Innovation_July 27,2011_New World Hotel

561 views

Published on

Pitfalls in managing innovation

Published in: Technology, Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
561
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
5
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

ALS12_Rene Domingo_Managing Pitfalls of Innovation_July 27,2011_New World Hotel

  1. 1. Pitfalls of Managing Innovation Prof. Rene T. Domingo rtd@aim.edu www.rtdonline.com
  2. 2. Peter Paul
  3. 3. Applying Innovation• Product design• Service design• Process design• Policy design• Organizational design• Strategy Design• Business Model
  4. 4. 1/10 Failure to unlearn(Trying to be smarter than a fifth grader)
  5. 5. A little knowledge is a dangerousthing, so is a lot.” –Albert Einstein
  6. 6. Michelangelo when asked how he created the sculpture David: “David was always there in the rock. I just removed away the bits that weren’t David.”
  7. 7. “HARVARD’S MOST SUCCESSFUL DROPOUT” I applaud the graduates today for taking a much more direct route to your degrees. For my part, I’m just happy that the Crimson has called me “Harvard’s most successful dropout.” I guess that makes me valedictorian of my own special class … I did the best of everyone who failed. But I also want to be recognized as the guy who got Steve Ballmer to drop out of business school. I’m a bad influence. That’s why I was invited to speak at your graduation. If I had spoken at your orientation, fewer of you might be here today.
  8. 8. Celebrate absurdities
  9. 9. Benchmarking
  10. 10. 2/10 Failure to collaborate(Do-it-all, I-know-everything mindset)
  11. 11. “If I have seen further it is by standing on the shoulders of giants.” – Isaac Newton
  12. 12. 3/10Listening too much to customers (VOC obsessed)
  13. 13. “Satisfied customers are not loyal customers.”
  14. 14. 4/10Overuse of consensus
  15. 15. “If everyone is thinking alike, then noone is thinking” - Benjamin Franklin
  16. 16. 5/10Failure to have fun
  17. 17. 6/10Not knowing when to stop “Creeping elegance”
  18. 18. “It will be finished when it’s finished.”Michelangelo responding to a follow up call by a royal client.
  19. 19. 7/10“The boss is always right” culture
  20. 20. 8/10Failure to create a crisis
  21. 21. Typical excuses not to innovate• We are busy with our work.• We have to catch up with our sales volume.• We can meet our goals with our current products.• I don’t have anyone to spare for that project.• That’s not the priority of our boss.• (Silently) “I won’t get promoted for doing that.”
  22. 22. Disruptive Technology
  23. 23. Innovation as a KPI
  24. 24. 9/10Treating innovation as typical investment and work
  25. 25. ATTENDANCE INCENTIVE IRR SCHEMES PAYBACK INNOVATION NPV ROIPERFORMANCE APPRAISAL Breakeven Analysis PUNCTUALITY
  26. 26. Celebrate failures
  27. 27. IBM founder Thomas J. Watson Sr.,"Fire you? Why would I do that? Ive just spent $10 millioneducating you. Now lets talk about your next project.”
  28. 28. "I did not fail 1000 times, I discovered 1000 wayshow not to make a lightbulb.“ - Edison
  29. 29. 10/10Failure of Imagination
  30. 30. “Once you eliminate the impossible, whateverremains, no matter how improbable, must be the truth.” – Sherlock Holmes
  31. 31. Pitfalls in Managing Innovation1. Failure to unlearn2. Failure to collaborate3. Listening too much to customers4. Overuse of consensus5. Failure to have fun6. Not knowing when to stop7. “The boss in always right” culture8. Failure to create a crisis9. Treating innovation as typical investment and work10.Failure of imagination
  32. 32. “Stay hungry, stay foolish”- Steve Jobs Stanford U. Commencement Address June 12, 2005
  33. 33. Pitfalls of Managing Innovation Prof. Rene T. Domingo rtd@aim.edu www.rtdonline.com

×