Innovation May 2013

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Half day open training event for HR professionals and managers on improving levels of innovation in the workplace held in Toronto.

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Innovation May 2013

  1. 1. Raising innovation in Ontarioby Toronto Training and HRMay 2013
  2. 2. CONTENTS5-6 Definitions7-9 Drivers of innovation10-11 Major categories of innovation12-13 Skills to lead innovation14-15 An innovative culture16-17 Innovation in multi-invention contexts18-19 Drill20-21 Members of a team and innovation22-23 Mediating team processes24-25 Practices which set innovative organizations apart26-27 High-performing organizations and innovation28-30 In-hand innovation31-32 Managing empirical innovation at J & J33-34 Business innovation indicators in Canada35-36 Performance indicators to measure motivation in Canada37-38 Measurable elements of GDP per capita39-41 How does Canada compare?42-43 Innovation pathways in Canada44-45 AIMS for innovation in Canada46-47 Comparing Canada to the US48 Case studiesPage 2
  3. 3. Page 3Introduction
  4. 4. Page 4Introduction to Toronto Trainingand HRToronto Training and HR is a specialist training andhuman resources consultancy headed by Timothy Holden10 years in banking10 years in training and human resourcesFreelance practitioner since 2006The core services provided by Toronto Training and HRare:Training event designTraining event deliveryReducing costs, saving time plus improvingemployee engagement and moraleServices for job seekers
  5. 5. Page 5Definitions
  6. 6. Definitions• Innovation• Invention• Creativity• Theories of innovationPage 6
  7. 7. Page 7Drivers of innovation
  8. 8. Drivers of innovation 1 of 2• Skilled workers• Capable managers• Scientific and engineering talent• Investments in technology• Vigorous competitors• Clusters of people and businesses• Balanced regulatory environmentPage 8
  9. 9. Drivers of innovation 2 of 2• Pressure• SupportPage 9
  10. 10. Page 10Major categories ofinnovation
  11. 11. Major categories of innovation• Finance• Process• Delivery• OfferingPage 11
  12. 12. Page 12Skills to lead innovation
  13. 13. Skills to lead innovation• Associating• Questioning• Observing• Experimenting• NetworkingPage 13
  14. 14. Page 14An innovative culture
  15. 15. An innovative culture• Leaders visibly promote new ideasfrom all areas of the organization• Entrepreneurial and risk-takingbehaviors are encouraged• Growth as a result of innovation isconsidered as important a goal ascost reduction• Learning from mistakes isimportant, with toleration forfailurePage 15
  16. 16. Page 16Innovation in multi-invention contexts
  17. 17. Innovation in multi-inventioncontexts• ARM• Kentron Technologies• RIMPage 17
  18. 18. Page 18Drill
  19. 19. Page 19Drill
  20. 20. Page 20Members of a team andinnovation
  21. 21. Members of a team and innovation• Creative team members• Conformist team members• Attentive-to-detail team membersPage 21
  22. 22. Page 22Mediating team processes
  23. 23. Mediating team processes• Task conflict• Team potency• Adherence to standardsPage 23
  24. 24. Page 24Practices which setinnovative organizationsapart
  25. 25. Practices which set innovativeorganizations apart• They have diverse teams• The work best without barriers• They encourage employees toshare and nurture their passions atwork-within reasonPage 25
  26. 26. Page 26High-performingorganizations andinnovation
  27. 27. High-performing organizations andinnovation• Sources of innovation• Recognition of innovation as acompetency• Learning strategies that fosterinnovation• Roadblocks that inhibit innovationPage 27
  28. 28. Page 28In-hand innovation
  29. 29. In-hand innovation 1 of 2• Innovations that were previouslydeveloped but never launched,owing to circumstances that mayhave changed• Features of past products that maymeet newly critical customer needs• Existing offerings that should berepositioned, because customerslike them for unforeseen reasonsPage 29
  30. 30. In-hand innovation 2 of 2• Elements of bundled offerings thatcould stand alone• New combinations of elements, inwhich the bundled value tocustomers is greater than the sumof the parts• Overdesigned offerings that couldbe pared down for less-demandingcustomer segmentsPage 30
  31. 31. Page 31Managing empiricalinnovation at J & J
  32. 32. Managing empirical innovation atJ & J• Focus• Shape• PersistPage 32
  33. 33. Page 33Business innovationindicators in Canada
  34. 34. Business innovation indicators inCanada• Expenditure on research &development, as a % of GDP• Direct and indirect governmentfunding of business research &development, as a % of GDP• Investment in machinery andequipment, as a % of GDP• Venture capital, relative to GDPPage 34
  35. 35. Page 35Performance indicators tomeasure innovation inCanada
  36. 36. Performance indicators to measureinnovation in Canada• Talent• Research and development• InnovationPage 36
  37. 37. Page 37Measurable elements ofGDP per capita
  38. 38. Measurable elements of GDP percapita• Profile• Utilization• Intensity• Productivity-industry mix, clustermix, cluster effectiveness,urbanization, education, capitalinvestment and productivityresidualPage 38
  39. 39. Page 39How does Canadacompare?
  40. 40. How does Canada compare? 1 of 2• Higher education performance of R&D• Intensity of R&D• R&D share of value added in industry• Distribution of business performanceby R&D by revenue size oforganization• ICT capital intensity• IT services intensity• Cross-border trademarks per millionpopulationPage 40
  41. 41. How does Canada compare? 2 of 2• Graduation rates from tertiaryeducation• Graduates of doctoral (advancedresearch) programs per million ofpopulation• Total number of degrees granted indoctoral (advanced research)programs• Private internal rate of return for anindividual obtaining tertiaryeducation as part of initialeducationPage 41
  42. 42. Page 42Innovation pathways inCanada
  43. 43. Innovation pathways in Canada• Research• Talent• Development andcommercialization• Government support• Sales and marketingPage 43
  44. 44. Page 44AIMS for innovation inCanada
  45. 45. AIMS for innovation in Canada• Attitudes• Investment• Motivations• StructuresPage 45
  46. 46. Page 46Comparing Canada to theUS
  47. 47. Comparing Canada to the US• GDP per capita• Prosperity gap• Labour effort• Productivity• Real GDP annualized quarterlygrowth rate• Participation rates• Unemployment rates• Venture capitalPage 47
  48. 48. Page 48Case studies
  49. 49. Page 49Conclusion and questions
  50. 50. Page 50Conclusion and questionsSummaryVideosQuestions

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