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How to succeed with Innovation in a tangible way? I Morgenbooster #87

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In this Morgenbooster CEO in 1508, Thomas Busk, shared the results for how different industries and companies are succeeding and/or challenged with executing on innovation initiatives.

Watch and download video and slides here: https://1508.dk/morgenbooster/how-to-succeed-with-innovation-in-a-tangible-way/

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How to succeed with Innovation in a tangible way? I Morgenbooster #87

  1. 1. Welcome ​Download the Innovation Made Tangible report 2018 at InnovationMadeTangible.com ​Want to test your company’s innovation capabilities, take the survey at InnovationMadeTangible.com ​Learn more about the Innovation Operating Model at InnovationMadeTangible.com ​Share takeaways and pictures from today ​with our shared hashtag #InnovationMadeTangible
  2. 2. How to succeed with Innovation in a tangible way? ​1508™
  3. 3. The challenge of the decade
  4. 4. A solid foundation for making innovation tangible
  5. 5. Introduction ​How well companies are doing at building their innovation capabilities ​Visit InnovationMadeTangible.com for more details
  6. 6. Who took part?
  7. 7. Who took part?
  8. 8. ​Make innovation a repeatable process. Process is the new strategy
  9. 9. ​So where are companies right now in terms of these three key elements? Some innovation strategy – Very little innovation management – Decent innovation practice
  10. 10. How to raise the bar? Call-out to CEO’s for Active Innovation Leadership
  11. 11. ​Four call outs for Active Innovation Leadership ​Call-out 1: Lead the transformation ​Call-out 2: Build your innovation capabilities ​Call-out 3: Go beyond innovation practice ​Call-out 4: Embrace failure
  12. 12. ​Is that the same for your company? The digital innovation maturity in this room? ​3 questions ​Select answers from 0 to 6, where 0 = N/A, 1= low degree, 3 = medium degree, 6 = high degree www.menti.com ​2 Go to menti.com 31 68 99 Please enter code ​submit ​3 Enter the code 31 68 99 and vote ​1 Grap Phone
  13. 13. Corporate Innovation Capabilities ​The survey benchmark
  14. 14. Innovation Strategy ​Interactive poll from last weeks Executive Innovation Event
  15. 15. Innovation Management ​Interactive poll from last weeks Executive Innovation Event
  16. 16. Innovation Practice ​Interactive poll from last weeks Executive Innovation Event
  17. 17. Active Innovation Leadership
  18. 18. Embrace failure ​Only 12.7% of the respondents strongly agree that their company celebrates failure when it occurs!
  19. 19. Investing in Innovation ​Only 12.2% of the respondents strongly agree that their company protects investments in innovation from budget cuts.
  20. 20. Spending on innovation related to capabilities ​Companies that spend more on innovation also score high on innovation strategy, innovation management, and innovation practice.
  21. 21. Younger companies
  22. 22. … and fewer employees
  23. 23. How we advise to make Innovation tangible. ​Process is the new strategy - a Lean Innovation Project Model
  24. 24. Why is Chr. Hansen interesting from a Digital Innovation and Execution POV?
  25. 25. The Chr. Hansen top 5 Clear digital strategic radar Increases capabilities and new infrastructure Accelerate digital execution Empowers middle management actively Works intensively on creating a digital innovation culture 1 2 3 4 5
  26. 26. What does it mean from Chr. Hansen’s POV? ​From doing to being digital
  27. 27. ​Recap Mandate from the board and alignment between the board and management Clear strategic focus from management Infrastructure supporting enterprise-wide digital innovation as well as business initiatives, based on customer value creation Dedicated people to run and execute the digtal innovation ​1 ​2 ​3 ​4
  28. 28. ​Q&A Make innovation tangible Download the Innovation Made Tangible report 2018 at InnovationMadeTangible.com Learn more about the Innovation Operating Model visit InnovationMadeTangible.com

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