Recommended
Recommended
More Related Content
What's hot
What's hot (19)
Similar to The new patterns of innovation
Similar to The new patterns of innovation (20)
Recently uploaded
Recently uploaded (13)
The new patterns of innovation
- 1. The New Pattern of Innovation An analysis of By Varun Tandon
- 2. The Challenge Established companies are notoriously bad at finding new ways to make money, despite the pressure on them to grow.
- 3. The 3 classical ways 1. Competency Based 2. Customer Focused 3. Follow “Megatrends”
- 4. But this is 2018, right? We have Data exploding everywhere everyday!
- 5. How can we create value for customers using data and analytic tools we own or could have access to?
- 6. Augmenting Products to Generate Data Pattern 1 Collect data and enhance business activities
- 7. Digitize Assets Pattern 2 If you don’t digitize your assets, they will become liabilities overtime!
- 8. Combine Data Within & Across Industries Pattern 3 Insights from your data and others combined together can do wonders! Build services based on data for other industries
- 9. Trade Data Pattern 4 Worked hard digitizing, now you can even profit by selling raw high quality data!
- 10. Codifying A Distinctive Service Capability Pattern 5 Any process that is best-in-class—but not central to a company’s competitive advantage —can thus be turned into a profitable business.
- 11. Codifying A Distinctive Service Capability Pattern 5 Any process that is best-in-class—but not central to a company’s competitive advantage —can thus be turned into a profitable business.
- 12. One way to find the innovative idea is to ask the right questions Ask the right questions
- 13. ● What data do we have? ● What data can we access that we are not capturing? ● What data could we create from our products or operations? ● What helpful data could we get from others? ● What data do others have that we could use in a joint initiative?
- 14. So, what’s in for the Indian Manager?
- 15. The five patterns are a helpful way to structure a conversation about new business ideas. Once you understand them you can start working on building your very own ideas based on these patterns.
- 16. Most innovative ventures are disruptive rather than sustaining, So it will need a strong leadership which can overcome obstacles set by the established culture.
- 17. Thank You!