Sgcp14dawson

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Talk delivered at CIR Series http://www.hvm-uk.com/events/register/

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Sgcp14dawson

  1. 1. MARKET TRANSFORMING INNOVATION © Sentec 2014 THEVALUE AND FUNDING OF INNOVATION Steve Dawson 6th SMART GRIDS & CLEANPOWER CONFERENCE 3-4 June 2014, Cambridge, UK www.hvm-uk.com
  2. 2. MARKET TRANSFORMING INNOVATION © Sentec 20143rd June 2014 2
  3. 3. MARKET TRANSFORMING INNOVATION © Sentec 20143rd June 2014 3 The Innovation Pandemic: •  Over abundance of proffered advice on how to ‘do innovation’. •  Confusing & Conflicting methodologies, Processes, Best Practice. •  Theoretical methodologies do not fit bespoke situations. It’s Snake Oil Consider a Parallel – MRP Systems: •  Careful, in-depth, collaborative analysis of company needs. •  Professional, tendered, owned, implementation with customisation. •  Ownership, ongoing management, critical to business operation RememberThe 7 P’s Innovation…..A calm and collected approach: •  Don’t Panic......it’s just problem solving •  Don’t rush in •  Do it, and do it right for your business Understand What Innovation MeansToYour Business
  4. 4. MARKET TRANSFORMING INNOVATION © Sentec 20143rd June 2014 4 Revenues +42% Profits +84% Revenues +47% Profits +65% Strength Weakness Innovation Action Results
  5. 5. MARKET TRANSFORMING INNOVATION © Sentec 20143rd June 2014 5 Keep it simple: Solve the right problem, with the right people, the right tools, and the right partners
  6. 6. MARKET TRANSFORMING INNOVATION © Sentec 20143rd June 2014 6 So if we know what funding is……..and we know what the value is………..why is it so hard to get funding……and how come not all ‘funded innovation’ is successful? Stationary Step changeRetarding Improvement £ Invention £££££ Innovation ££ Customer service is an attitude NOT a department…….. ‘Funding’ your idea is an attitude not an action……
  7. 7. MARKET TRANSFORMING INNOVATION © Sentec 20143rd June 2014 7 Don’t panic “Innovation” is just problem solving The value of innovation is in understanding what it means to your business Funding your idea is an attitude NOT an action
  8. 8. MARKET TRANSFORMING INNOVATION © Sentec 2014 3rd June 2014 Steve Dawson VP Consulting steve.dawson@sentec.co.uk | +44 1223 303800 | www.sentec.co.uk Sentec 5 The Westbrook Centre n Milton Road n Cambridge n CB4 1YG n UK 16391PPT14 8

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