Ohio20(2)

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Judy Estrin's presentation to the Ohio 2.0 meeting on October 10, 2008

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Ohio20(2)

  1. 1. Sustainable Innovation Judy Estrin Ohio 2.0 October, 2008 COPYRIGHT © JLABS, LLC 2008 Copyright © Judy Estrin 2008 1
  2. 2. Innovation Matters More Than Ever • Innovation drives economic growth, quality of life and is the only hope of addressing the major challenges that we face • Innovation doesn’t just happen, it needs to be nurtured • We have become shortsighted, creating a national innovation deficit which will have a significant impact on future generations www.theinnovationgap.com COPYRIGHT © JLABS, LLC 2008 Copyright © Judy Estrin 2008
  3. 3. Fundamentals of Innovation • Multiple types of innovation: breakthrough, incremental and orthogonal • Innovation is iterative (and messy) • You need to be willing to invest without knowing the outcome • Talent matters - skill, aptitude, passion, drive • Diverse perspectives are critical to innovation COPYRIGHT © JLABS, LLC 2008 Copyright © Judy Estrin 2008
  4. 4. Innovation Builds on Innovation Sustainable innovation requires a healthy well-balanced “Innovation Ecosystem” Ecosystem: A dynamic interaction between living organisms and their environment. Balance is required to sustain life. COPYRIGHT © JLABS, LLC 2008 Copyright © Judy Estrin 2008
  5. 5. Innovation Communities • Basic • Use-inspired • Applied • Advanced technology • Product concept/definition • Implementation • Customer facing • Internal processes • New applications • Businesses, Non-profit, Individuals Copyright © Judy Estrin 2008 COPYRIGHT © JLABS, LLC 2008
  6. 6. Environmental Factors are Critical COPYRIGHT © JLABS, LLC 2008
  7. 7. Core Values = Capacity for Change Questioning Curiosity, critical evaluation, self-assessment, non-judgmental, free flowing Risk Vulnerability, attitude toward failure, fail early, learn from failure Openness To imagination, to new data, to sharing, to surprise, to other opinions, to change Patience Tenacity, patient capital Trust In oneself, in others Values need to be in balance. COPYRIGHT © JLABS, LLC 2008
  8. 8. Green Thumb Leadership • Innovation is like gardening • The right soil is required • Not all seeds grow into plants, some need more nurturing • Everything starts small • Don’t allow seedlings to be killed off early by larger plants that usurp resources • Proactive “pruning and thinning” is required • Productive gardens require planning • Transplanting is key to deriving business benefit Leading innovation requires a “green thumb” - vision, judgment, instinct, dealing with ambiguity and patience. COPYRIGHT © JLABS, LLC 2008 Copyright © Judy Estrin 2008
  9. 9. Innovation at Scale • Large companies are like factory farms - metrics, efficiency are critical to success, surprises are not welcome • Leading innovation is often the opposite of “management best practice” • Innovation at scale can work for process innovation and incremental innovation For other breakthrough innovation need to create gardens or greenhouses (internal or external) that are loosely connected to mainstream business COPYRIGHT © JLABS, LLC 2008 Copyright © Judy Estrin 2008
  10. 10. National Innovation Ecosystem in Decline 1950s & 1970s & 1960s 1980s 1990s 2000s 2010 Innovation in research Innovation in startups Innovation in large corporations Environmental factors COPYRIGHT © JLABS, LLC 2008
  11. 11. Next Generation Leaders • Threats (business or national) should be turned into challenges which inspire involvement, so that fear does not create helplessness • Especially important in hard economic times • Be smart in where you cut and where investment is critical (business and personal) • Involve employees in the process • Leaders need to be inspirational,collaborative, inclusive, open to input from experts, willing to self- assess and adapt • Reigniting the spark of innovation nationally will take new type of leadership and collaboration in public and private sectors, at all levels of society • Challenges such as energy dependence, climate change, healthcare, security should all be turned into opportunities for innovation that can drive the economy COPYRIGHT © JLABS, LLC 2008
  12. 12. Next Generation Innovators • Our education system and culture are currently working against innovation • 21st century talent needs to embody core values • Collaborative • Adaptive • Interdisciplinary • Best of Baby Boomers and Gen X/Y • Scientific and technologic literacy • New requirements - “green”, infrastructure, education COPYRIGHT © JLABS, LLC 2008 Copyright © Judy Estrin 2008
  13. 13. We each have a role to play! Courage, commitment, collaboration, core values….. jestrin@jlabsllc.com www.theinnovationgap.com COPYRIGHT © JLABS, LLC 2008

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