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Issues in Innovation Leadership

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A version of the talks that I did for the Australian Industry Group Breakfasts in Brisbane, Sydney, Melbourne and Adelaide

A version of the talks that I did for the Australian Industry Group Breakfasts in Brisbane, Sydney, Melbourne and Adelaide

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  • 1. Issues in Innovation Leadership
    April 2010
    Australian Industry Group Breakfast Series
    Dr Tim Kastelle
  • 2.
  • 3.
  • 4.
  • 5.
  • 6. Why this…
  • 7. … not this?
    (photo: flickr/Martin Charbonneau Photographe
  • 8. <1>
    Invention is not
    Innovation
  • 9. Innovation
    Executing a new idea that has economic value
  • 10. Invented: 1823
    Built: 1998
    Sold: Never
  • 11. Invented: 1968
    Built: 1974
    Sold: 1981
  • 12. Invented: 23 times before Edison!
  • 13. So why do we say that Edison invented the light bulb?
  • 14.
  • 15. <2>
    Innovation is More
    Than Just
    New Products
  • 16. Innovation is More than Just New Products
    “(Economic) development in our sense is then defined by the carrying out of new combinations”
    J.A. Schumpeter (1912) The Theory of Economic Development
  • 17. Schumpeter’s Forms of Innovation
    The introduction of a new good, or a new quality of good (or service)
    Introduction of a new method of production
    The opening of a new market
    Developing a new source of supply
    Changing the structure of an industry
  • 18. Business Model Innovation – Critical but Overlooked
    Source: Open Innovation by Henry Chesbrough
  • 19. Source: Boston Consulting Group: Business Model Innovation: When the Game Gets Tough, Change the Game
  • 20.
  • 21. Better Place – Electric Cars
  • 22. <3>
    Innovation is a
    Process
  • 23. The Innovation Value Chain
    Source: Hanson & Birkinshaw: The Innovation Value Chain – Harvard Business Review
  • 24. Actual Organisations
  • 25. To Lead Innovation:
    Understand the difference between Invention and Innovation
    Innovation is not just new products – try to think of other forms of innovation (especially business model innovation)
    Manage Innovation as a process, not an event
  • 26. Thank you!
    timkastelle.org/blog/

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