World Class Innovation
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World Class Innovation

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Our Goal @ The Innovation Workgroup is to make our Clients World Class Innovators. The presentation outlines our approach to leading our clients towards becoming World Class Innovators.

Our Goal @ The Innovation Workgroup is to make our Clients World Class Innovators. The presentation outlines our approach to leading our clients towards becoming World Class Innovators.

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World Class Innovation World Class Innovation Presentation Transcript

  • world-class innovation the innovation workgroup 0 World-Class Innovation Services Offered by the innovation workgroup
  • world-class innovation the innovation workgroup 1 Our mission • The Innovation Workgroup exists so that enterprises in India and beyond can become world-class innovators. • World-Class means that your innovation process, innovation system and innovation results are on a par with those of the world’s most innovative companies. • Innovation means conceiving and implementing new ways to improve business results.
  • world-class innovation the innovation workgroup 2 Some of the organisations we have served
  • world-class innovation the innovation workgroup 3 Our World-Class Team • All Senior-Level Consultants • Were Previously Innovation Directors, Managers, etc. • Includes Inventors, Patent Holders • Innovation Lab Experience • Expert Facilitators/Coaches • Worked for Leading Organizations • Global Exposure • Experience in Multiple Industries • Profiles Available Upon Request
  • world-class innovation the innovation workgroup 4 How Can Innovation Improve Your Results? Innovation •New products •New processes Differentiation •More benefits •Lower costs Competitive Advantage •Increased sales •Higher margins
  • world-class innovation the innovation workgroup 5 The path to world-class innovation (As Rare As Unicorns) Accidental Innovators Fit For Purpose Stars World Class Potential Stars Thinking About Innovation Not Innovating Much Bewildered Innovation Commitment InnovationCompetence Source: Tim Kastelle http://timkastelle.org/blog
  • world-class innovation the innovation workgroup 6 Collaborate with us to reach world-class We address both axes on the Innovation Matrix • Competence. We coach and lead your associates to master and apply the most effective tools and methods used by the world’s most innovative firms. • Commitment. We coach and support your business leaders to determine and implement the right policies, programs and structures for your organization to create a culture of innovation.
  • world-class innovation the innovation workgroup 7 How do we improve your competence? • We will lead your team to develop an innovative solution to a challenge (a problem or opportunity in any area of your business, preferably a stretch target worth hundreds or even thousands of crores) that you assign. As your team works on the challenge under our guidance, they will master our world-class, three-step innovation process. There are two deliverables: 1. A solution to your assigned challenge 2. Employees trained in and competent to use a world-class innovation process and toolkit to address other challenges
  • world-class innovation the innovation workgroup 8 World-class innovation process The Innovation Workgroup System is a Three-Step Process Discover Invent Refine •Innovation starts when innovators discover a new insight. Most companies omit this important step. •Innovations produce profit only if they are developed and launched quickly and inexpensively. •Breakthrough innovation occurs when an idea is original and unique, not just a minor change.
  • world-class innovation the innovation workgroup 9 World-class goals and tools for each step SEARCHING FOR INSIGHTS – Customer Insights • Problems • Unvoiced needs – Technology Insights • New applications • Improvements TECHNIQUES AND TOOLS – Customer/user observation – Ethnography – Skilled interviewing – Analysis of user observations – Technology monitoring – Journeys to the future Discover CREATING ORIGINAL SOLUTIONS – Totally new solutions • Lateral thinking • Perspective shifting • Prolific, guided ideation – Better Ideas • Fact-based solutions TECHNIQUES AND TOOLS – Brainstorming – Lateral thinking – TRIZ – Clustering – Rapid estimation – Wisdom of crowds VALIDATING AND LAUNCHING – Thoroughly tested solutions • Stakeholder approved • Value creating • Technologically feasible – Efficient idea development • Low cost, speedy process TECHNIQUES AND TOOLS – Rapid, iterative prototyping – Customer feedback gathering – Participatory design – Positioning analysis – Experimental design – Market testing Invent Refine
  • world-class innovation the innovation workgroup 10 What is the right level of commitment? • We will mentor a team of your top management or their nominees to gain deep insights into the factors that enable and block innovation in your unique corporate culture. Then, based on these insights, we will coach the team to develop, test and launch a set of policies, programs and structures that will produce profit-improving innovation on a consistent basis. The goal is to set the level of commitment that best fits your company’s strategy, goals and constraints to maximize the return on investment from innovation.
  • world-class innovation the innovation workgroup 11 How to engage The Innovation Workgroup • We offer five options 1. Challenge-based innovation project 2. Culture of Innovation project 3. Innovation personality profiling (individuals) 4. Introductory workshop or short program 5. Innovation audit
  • world-class innovation the innovation workgroup 12 Model 1: Challenge-based innovation • Apply world-class innovation directly to a major challenge in any area of the business (see slide 8) Model Solution Delivered (Maturity) Skills Gained Duration Full-time project (4-6 associates, 2 consultants) Comprehensive solution development at a world-class level with testing and validation Professional competence 3-13 weeks* Part-time project (12-20 associates, 1 consultant) Comprehensive solution development with testing and validation, fresher level Post-Graduate competence 6-13 weeks** *Depends on complexity of challenge selected and location of field work. ** Depends on percentage of employee work week allotted to the engagement.
  • world-class innovation the innovation workgroup 13 Model 2: Culture of Innovation project • Apply world-class innovation to the challenge of building a culture of innovation in your organization Model Solution Delivered (Maturity) Skills Gained Duration Full-time project (4-6 associates, 2 consultants) Comprehensive set of policies, programs and structures designed to promote successful innovation in your organization. Professional competence 3-4 weeks Part-time project (12-20 associates, 1 consultant) Comprehensive set of policies, programs and structures designed to promote successful innovation in your organization. Post-Graduate competence 6-9 weeks
  • world-class innovation the innovation workgroup 14 Model 3: Innovation Personality Profiling • We have brought the world’s foremost innovation assessment tool to India to enable companies to assign their employees where they will be most productive in the innovation cycle • Positive approach builds confidence for every employee who is assessed. No one is rated “not innovative” • Low cost per test allows testing of the full innovation team
  • world-class innovation the innovation workgroup 15 Model 4: Introductory workshop/program • Expose staff to world-class innovation • Introduce new approaches and ways of thinking • Build excitement about innovation • Challenge-based workshops provide practice in innovation tools and techniques • Workshops available for business challenges, culture-building challenge, functional specialties, specific innovation methods • Choose half-day, one-day, two-day or three-day workshops • Option to train your trainers to bring programs in-house • Short programs and keynote addresses available • All programs are customizable for your organization at no additional cost
  • world-class innovation the innovation workgroup 16 Model 5: Innovation Audit • We spend one day with you onsite observing your operations and interviewing your managers and associates • We perform analysis using our proprietary diagnostic instrument, which is based on best practices in use at the world’s most innovative companies • You receive a detailed assessment of your innovation system and process, including gaps where change will produce quantum improvements in your results
  • world-class innovation the innovation workgroup 17 Bonus: Exchange of views • Up to two hours with your senior leaders to discuss world-class innovation and your views on innovation • Session is guaranteed to add value to your top team through new perspectives, new facts about innovation, and new inspiration through success stories from other enterprises • No professional fee (travel expenses may apply)
  • world-class innovation the innovation workgroup 18 The Innovation Workgroup is different • Instead of selling you a solution, we teach your team to invent a new, original solution • You’re not the same as any other company, so every engagement is customized for you. We don’t try to repeat a solution from another engagement, because it probably wouldn’t work in your company anyway • We respect your knowledge and experience. Our job is to add our innovation expertise to your knowledge and experience • We are focused on results. The goal is to generate hundreds of crores or even thousands of crores of new revenues and profits • Our pricing reflects our world-class expertise and our Indian environment. We cost more than less experienced consultants, but we’re considerably more affordable than other world-class firms
  • world-class innovation the innovation workgroup 19 Sample Price Ranges Model Outcomes Option A Option B Challenge-Based Innovation Your team invents an innovative solution to a business challenge worth hundreds or even thousands of crores, while learning world-class innovation Full-time 15-50 lakhs Part-time 8-15 lakhs Culture of Innovation Your team invents policies, programs and structures to promote world-class innovation in your organization Full-time 15-30 lakhs Part-time 8-15 lakhs Assessment of Capabilities Discover the innovation profiles of your innovation team members Small number 850 rupees each Large number discounted Introductory Workshop or Short Program Build excitement about world-class innovation. Introduce new approaches and ways of thinking 2-day workshop 3.4 lakhs 1-day 2.2 lakhs ½-day 1.2 lakhs Keynote 1.1 lakhs Innovation Audit Learn where your innovation system can be improved to reach world-class standards and achieve better results Flat fee, 1.1 lakhs Not applicable (standardized offering)
  • world-class innovation the innovation workgroup 20 Affordable or expensive? EXPENSIVE! Costs more than junior consultants with only domestic exposure Takes employees away from urgent tasks for 10% to 80% of the work week for days or weeks. Expense requires senior- level budgetary approval AFFORDABLE! Costs less than foreign consultants with similar experience Equips employees to contribute repeatedly to business improvement with world-class innovation Return on investment can easily reach 100x or more
  • world-class innovation the innovation workgroup 21 Profile: David Wittenberg, CEO Known as India’s resident innovation guru, David brings world-class innovation to top-tier Indian and multi-national corporations including Reliance Industries, Tata and Ericsson. The author of The Executive’s Guide to Innovation, David introduces global best practices in the discipline of innovation so that firms can manage innovation for breakthrough results. Prior to founding The Innovation Workgroup, David worked at one of the world’s leading innovation labs, the Advanced Concepts and Technology group at Pitney Bowes, a Fortune 500 corporation. A lifelong innovator, David holds two patents, has written five books, is a published songwriter, and has created four business solutions that each generated more than $1 million. Earlier in his career, David worked as an independent management consultant for such firms as American Express, AT&T, Kelly Services, Philip Morris, Standard & Poor’s and UPS. David earned his MBA in international management with honors from the Thunderbird School of Global Management, where he served as a research assistant and co-wrote three business cases. A highly-rated speaker, he has lectured on innovation, marketing, strategy, entrepreneurship and salesmanship, and has taught business at Stratford University and FOSTIIMA Business School. He resides in New Delhi.
  • world-class innovation the innovation workgroup 22 Thank you the innovation workgroup world-class innovation Your feedback and enquiries are welcome Ajay Sanghani, COO Telephone +91 98200 20753 E-mail ajay@theinnovationworkgroup.com