Mark Faust - Principles of Innovation

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Mark Faust - Principles of Innovation

  1. 1. Principles of Innovation Mark Faust www.Growth OrBust.com <ul><li>No need to take notes: </li></ul><ul><li>I’ll give the Innovation Section of my book Growth or Bust! to anyone with a card, it has even more detail than we cover here today </li></ul><ul><li>For your copy, contact me at [email_address] or 513-621-8000 </li></ul>
  2. 2. <ul><li>“Anyone who needs PowerPoints to speak doesn’t know what they are talking about!” </li></ul><ul><li>- Steve Jobs </li></ul>
  3. 3. Innovation - Turnaround
  4. 4. … the Definition of Marketing
  5. 5. … the Definition Of Innovation
  6. 6. The Steps to Building An Innovation Culture
  7. 7. Top Down
  8. 8. Clarify Your Innovation Values
  9. 9. Get All Hands on Deck... ...set i-objectives
  10. 10. Initially Focus on Quantity vs. Quality
  11. 11. Consistently Communicate Implementation & Successes
  12. 12. Give Specific and Universal Rewards
  13. 13. Make Innovation a Mobius Loop
  14. 14. Innovation Must Be Holistic
  15. 15. Innovation Includes and Focuses on the Customer
  16. 16. Innovation Involves BOTH 1. The Organizational & 2. The Individual’s Opportunities for Contribution toward Improvement & “Individuals” can include Vendors & “Individuals” can include Vendors
  17. 17. Direction vs. Size of Dollars
  18. 18. <ul><li>Innovation Skills </li></ul>
  19. 19. Connecting the Unconnected
  20. 20. Respectfully Challenging the Status Quo
  21. 21. Flipping
  22. 22. Embrace Constraints
  23. 23. Study Customers Like a Scientist = “genchi genbutsu”
  24. 24. Networking
  25. 25. The 7 Step Echelon Innovation Process™ EIP™ to Echelon Your Team Toward Growth
  26. 26. 1. Listing Opportunities 2. Prioritizing Opportunities 3. Inviting Participation 4. Gathering Ideas 5. Decision on Implementation 6. Communicate Implementations 7. Reward & Celebrate!
  27. 27. <ul><li>Humility is the Foundation of Innovation </li></ul>

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