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In 04 the 7 rules of innovation

'Jugaad' is the improvised, frugal Indian approach to innovation. It is becoming increasingly influential in the thinking of many corporations. This series of presentations examines creativity and innovation and means to apply proven techniques for driving systematic, repeatable and managed innovation in your company.

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In 04 the 7 rules of innovation

  1. 1. 01/03/15 Unleash the Spark of Innovation with Jugaad! A One-Day Workshop Session 4: Stretching Your Mind – The 7 Rules of Innovation
  2. 2. 01/03/15 Framework for the Workshop Post-Lunch Mindspace IDEO, 7 Rules Manpower 10 Faces Pre-Lunch Methods NABC Exercise SCAMPER Marketspace Tilt 4Ms: Methods, Marketspace, Mindspace, Manpower
  3. 3. Video - Basketball
  4. 4. 01/03/15 Making Innovation Work 7 Innovation Rules of good innovation project management 1. Exert strong leadership on the innovation strategy and portfolio decisions. 2. Integrate innovation into the company’s basic business mentality. 1. Align the amount and type of innovation to the company’s business. 4. Manage the natural tension between creativity and value capture. 5. Neutralize organizational antibodies. They kill off good ideas by status quo thinking 6. Recognize that innovation is a network that includes people and knowledge -- both inside and outside the organization. 2. Create the right metrics and rewards for innovation. Source: Making Innovation Work (Davila, Epstein, Shelton)
  5. 5. 01/03/15 The 7 Rules of Innovation Rule 1 Exert strong leadership on portfolio decisions and encourage significant value creation. Source: Making Innovation Work (Davila, Epstein, Shelton)
  6. 6. 01/03/15 The 7 Rules of Innovation Rule 1 Exert strong leadership on portfolio decisions and encourage significant value creation. Source: Making Innovation Work (Davila, Epstein, Shelton)
  7. 7. 01/03/15 The 7 Rules of Innovation Rule 2 Integrate innovation into the company's basic business mentality. Make it a core competency. Source: Making Innovation Work (Davila, Epstein, Shelton)
  8. 8. 01/03/15 The 7 Rules of Innovation Rule 2 Integrate innovation into the company's basic business mentality. Make it a core competency. Source: Making Innovation Work (Davila, Epstein, Shelton)
  9. 9. 01/03/15 The 7 Rules of Innovation Rule 2 Integrate innovation into the company's basic business mentality. Source: Making Innovation Work (Davila, Epstein, Shelton)
  10. 10. 01/03/15 The 7 Rules of Innovation Rule 2 Why is Innovation so Often “Hit or Miss? http://bit.ly/1zhyzAV Tier 1 • Loosely defined (Innovation is loosely tagged or non-existent) • Special Event (Innovation due to a specific need or by random occurrence) • Departmentalized (i.e., R&D, assigned to a particular department) Tier 2 • Functional (functions like accounting, finance, and marketing) • Strategic (Chief Innovation Officer – plans and projects) • Integrated (full integration into the organizational culture and value system) Integrate innovation into the company's basic business mentality.
  11. 11. 01/03/15 The 7 Rules of Innovation Rule 3 Align the amount and type of innovation to the company's business. Source: Making Innovation Work (Davila, Epstein, Shelton)
  12. 12. 01/03/15 The 7 Rules of Innovation Rule 3 Align the amount and type of innovation to the company's business. Source: Making Innovation Work (Davila, Epstein, Shelton)
  13. 13. 01/03/15 The 7 Rules of Innovation Rule 4 Manage the natural tension between creativity and value capture so that the company generates successful new ideas while gaining the maximum return on its investment. Source: Making Innovation Work (Davila, Epstein, Shelton)
  14. 14. 01/03/15 The 7 Rules of Innovation Rule 4 Put simply, innovation is about creativity and then capturing value from the range of ideas that you chose to develop and pursue. Source: Making Innovation Work (Davila, Epstein, Shelton)
  15. 15. 01/03/15 Neutralize organizational antibodies that kill off good ideas because they're different from the status quo. The 7 Rules of Innovation Rule 5 Source: Making Innovation Work (Davila, Epstein, Shelton)
  16. 16. 01/03/15 Organizational antibodies that kill off good ideas can be given other projects – or kept busy with the routine work. The 7 Rules of Innovation Rule 5 Source: Making Innovation Work (Davila, Epstein, Shelton)
  17. 17. 01/03/15 Recognize that the fundamental building blocks of innovation are networks that include people and knowledge -- both inside and outside the company boundaries. The 7 Rules of Innovation Rule 6
  18. 18. 01/03/15 Recognize that the fundamental building blocks of innovation are networks that include people and knowledge -- both inside and outside the company boundaries. The 7 Rules of Innovation Rule 6
  19. 19. 01/03/15 Recognize that the fundamental building blocks of innovation are networks that include people and knowledge -- both inside and outside the company boundaries. The 7 Rules of Innovation Rule 6
  20. 20. 01/03/15 The 7 Rules of Innovation Rule 6 The partnership will help developers build digital healthcare applications, such as collaboration software for doctors, diagnosis apps for patients, or to aid in the delivery of treatment between doctors and patients. Recognize that the fundamental building blocks of innovation are networks that include people and knowledge -- both inside and outside the company boundaries.
  21. 21. 01/03/15 Create the right metrics and incentives to foster innovation. The 7 Rules of Innovation Rule 7
  22. 22. 01/03/15 Create the right metrics and incentives to foster innovation. The 7 Rules of Innovation Rule 7
  23. 23. 01/03/15 Create the right metrics and incentives to foster innovation. The 7 Rules of Innovation Rule 7 3M rewards employees for outstanding work, based on pre-established goals. 3Mers take pride in discoveries that lead to real-world products. Management reinforces this by fostering a dual-career ladder so veteran researchers can continue to move up without becoming managers. It also honors hundreds of employees — nominated and selected by their peers — for scientific achievements every year. And it gives the top 20 overachievers and their spouses a four-day holiday at 3M’s corporate retreat.
  24. 24. 01/03/15 7 Rules of Innovation 1. Strong Leadership 2. Integrate into Business Model 3. Align Type & Amount 4. Manage the Tension 5. Netralize Antibodies 6. Recognize Networks 7. Metrics & Incentives Source: Making Innovation Work (Davila, Epstein, Shelton) 2 1 3 5 7 4 6
  25. 25. 01/03/15 Framework for the Workshop Post-Lunch Mindspace IDEO, 7 Rules Manpower 10 Faces Pre-Lunch Methods NABC Exercise SCAMPER Marketspace Tilt 4Ms: Methods, Marketspace, Mindspace, Manpower
  26. 26. 01/03/15 Making Innovation Work 7 Innovation Rules of good innovation project management 1. Exert strong leadership on the innovation strategy and portfolio decisions. 2. Integrate innovation into the company’s basic business mentality. 1. Align the amount and type of innovation to the company’s business. 4. Manage the natural tension between creativity and value capture. 5. Neutralize organizational antibodies. They kill off good ideas by status quo thinking 6. Recognize that innovation is a network that includes people and knowledge -- both inside and outside the organization. 2. Create the right metrics and rewards for innovation. Source: Making Innovation Work (Davila, Epstein, Shelton)
  27. 27. 01/03/15 SCAMPER – Tool for Innovation Break for Frooti Case Study Questions
  28. 28. 01/03/15 7 Rules of Innovation 1. Strong Leadership Source: Making Innovation Work (Davila, Epstein, Shelton) 1 Does Sonia see the need for a new innovation culture supported by exerting strong leadership?
  29. 29. 01/03/15 7 Rules of Innovation Source: Making Innovation Work (Davila, Epstein, Shelton) How will Sonia integrate innovation into Frooti’s business model? 2. Integrate into Business Model 2 What if she brings back Digen Verma?
  30. 30. 01/03/15 7 Rules of Innovation 3. Align Type & Amount 3 How should Sonia align type and amount of innovation into Frooti’s product portfolio? Should she keep old products or launch new ones?
  31. 31. 01/03/15 7 Rules of Innovation 4. Manage the Tension 4 How should Sonia manage the tension between new and old values?
  32. 32. 01/03/15 7 Rules of Innovation 5. Netralize Antibodies 5 How should Sonia neutralize antibodies?
  33. 33. 01/03/15 7 Rules of Innovation 6. Recognize Networks 6 Is anyone in Frooti aware of what’s happening outside the company?
  34. 34. 01/03/15 7 Rules of Innovation 7. Metrics & Incentives 7 How should Sonia build incentives for innovation?
  35. 35. 01/03/15 Harnessing Creativity Creativity is best seen to flourish when there is a combination of expertise in a domain, creative thinking skills (developed by training in creative techniques) and a clear motivation to express ideas 7 Rules of Innovation
  36. 36. 01/03/15 Framework for the Workshop Post-Lunch Mindspace IDEO, 7 Rules Manpower 10 Faces Pre-Lunch Methods NABC Exercise SCAMPER Marketspace Tilt 4Ms: Methods, Marketspace, Mindspace, Manpower

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