Say 'Yes!' to Innovation

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Presentation at Fuji Xerox Docuworld 2011 by Ted Chan of Thinking Trends Pte Ltd

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Say 'Yes!' to Innovation

  1. 1. SAY   ‘YES!’     TO   INNOVATION   Image  by  JulienTromeur   Ted  Chan   ©  2011  Thinking  Trends  LLP  -­‐  All  rights  reserved.    
  2. 2. Change is inevitable Growth is optional
  3. 3. Why  Innovate?   “Because  its  purpose  is  to  create  a  customer,  the  business  enterprise   has  two  …  basic  func=ons:  Marke=ng  and  Innova=on.   Marke=ng  and  innova=on  produce  results;     all  the  rest  are  'costs‘.    In  its  simplest  form,     Innova=on  is  implemen=ng  new  ideas  to  create  value.”     Peter  Drucker,  People  &  Performance  
  4. 4. Why  Innovate?   •  •  •  •  •  •  •  CompeBBon     Customer’s  demand     Falling  market  share       Falling  revenue   Rising  cost     Product  life  cycle   MeeBng  government       standards/regulaBons   •  •  •  •  •  •  •  •  •  Create  new  market   Increase  market  share     Improve  quality   Improve  service     Expand  product  range     Increase  revenues   Enhance  brand   MoBvate  employees   Increase  producBvity  
  5. 5. What  is  Innova=on?  
  6. 6. Inven=on  vs.  Innova=on   Inven@on   Innova@on  
  7. 7. Innova=on   is  the     profitable   implementa=on     of  ideas  
  8. 8. Innova=on  &   Produc=vity   Courtesy  of  Julia  Freeman-­‐Woolpert   Rewire  for     crea=vity  &  growth   “Engine  of  Growth”  
  9. 9. Dimensions  of  Innova=on   •  Offerings   •  PlaWorm   •  SoluBons   •  Customers   •  Customer  Experience   •  Value  Capture   Sawhney,  WolcoQ  and  Arroniz,     12  Different  Ways  for  Companies  to  Innovate   •  •  •  •  •  •  Processes   OrganizaBon   Supply  Chain   Presence   Networking   Brand  
  10. 10. Innova=on  Approaches   Incremental   Windows  OS,  Sony  Walkman     Breakthrough   Mouse,  WWW,  Search  Engine   New-­‐to-­‐the-­‐Market    IPhone   Disrup=ve   Kawasaki  and  Honda  Motorcycles  
  11. 11. Some  Myths  of  Innova=on   Innova=on     begins  with   brainstorming   Innova=on   requires  crea=ve   people   Gerald  H.  Gaynor,    Innova@on  by  Design   Individuals  drive   innova=on   An  innova=ve   process  will  provide   the  results    
  12. 12. Whose  Business  is  it  Anyway?   Service  Team   Marke=ng   S!   ES SIN BU E’   ON RY VE S  E IT’ Management   Research  and  Development   Product  Development    
  13. 13. Step  1:   Define  the   Opportunity   Step  2:     Discover  the   Ideas   Process  of   Innova@on   Step  4:     Demonstrate  the   Innova=on   Step  3:   Develop  the     Solu=ons  
  14. 14. Let’s  try  this  …   What  is  the        “Job  To  Be  Done”              in  your  organiza=on?  
  15. 15. Why  Companies  don’t  Innovate     Deny  the  need     Don’t  have  resources     Don’t  know  how  to!  
  16. 16. Paradox  of   Success   “People  fail  is  that     their  past  and  present   success     blinds  them  to  their   vulnerabili@es     and  renders  them  all  but     incapable  of  sustaining  the   success     that  they  are  for  now   enjoying”     John  O’Neil,  Paradox  of  Success  
  17. 17. What  happened  to  these  companies?  
  18. 18. Cri=cal  Success  Factors   Culture   Leadership   Business    Structure   Resources   Customers  
  19. 19. Looking  Beyond  …     Next  Genera@on  Innova@on   •  Building  a  customer-­‐ centric  culture   •  Building  beyond  a   product  or  service   •  Leveraging  on   borderless  economy  
  20. 20. SAY  ‘YES!’  TO  INNOVATION  
  21. 21. Just  as  energy  is  the  basis  of  life  itself,  and  ideas  the   source  of  innovaBon,  so  is    !nnovaBon    the  vital  spark   of  all  human  change,  improvement  and  progress.  
  22. 22. Are  we  ready?  
  23. 23. .com nds gtre kin .com thin nds gtre an@ d ch inkin te w.th it ww Vis
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