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Innovation Expo Presentation

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Rod Hattch from WISDOM Learning presented this PowerPoint presentation on the Capital Region Business EXPO in Canberra on 29 July 2008.

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Innovation Expo Presentation

  1. 1. Welcome It’s Not Rocket Science Leading Innovation in Small Business Rod Hattch Managing Director
  2. 2. Why? What? How? What Next ?
  3. 3. The desire, and the ability of an organisation to continuously learn from any source - and rapidly convert this learning into action - is its ultimate competitive advantage. Jack Welch CEO General Electric Company
  4. 4. Creativity plus innovation plus a hell of a lot of execution equals profit. Mark Bouris
  5. 5. What is innovation?
  6. 6. Definition of innovation <ul><li>Innovation is the actions to create and implement something new or improved </li></ul>
  7. 7. Innovation <ul><li>What actions? </li></ul><ul><li>What is something new or improved? </li></ul><ul><li>How do you create? </li></ul><ul><li>How do you implement? </li></ul>
  8. 8. Leading innovation <ul><li>If you are leading a team or a business; and </li></ul><ul><li>They are not being innovative </li></ul><ul><li>You need to change one thing </li></ul><ul><li>YOU! </li></ul>
  9. 9. Levels of innovation <ul><li>Strategic </li></ul><ul><li>Tactical </li></ul><ul><li>Operational </li></ul>
  10. 10. The Triple Jump of Innovation <ul><li>Innovations that Hop </li></ul><ul><li>Innovations that Step </li></ul><ul><li>Innovations that Jump </li></ul>Adapted from Making Innovation Happen, Morgan 2000
  11. 11. Four P’s of Innovation <ul><li>P rocedural innovation </li></ul><ul><li>P eople innovation </li></ul><ul><li>P rocess innovation </li></ul><ul><li>P roduct innovation </li></ul>Adapted from Making Innovation Happen, Morgan 2000
  12. 12. … something new or improved..’ <ul><li>New product or service </li></ul><ul><li>New voice mail message </li></ul><ul><li>Technology improvements to improve service </li></ul><ul><li>Better pens in your office </li></ul><ul><li>Making forms easier to complete </li></ul><ul><li>New sign </li></ul><ul><li>Enhancements to your web-site </li></ul><ul><li>Giveaways </li></ul><ul><li>Improved branding of your products or service </li></ul>
  13. 13. Innovation <ul><li>What actions? </li></ul><ul><li>How do you implement? </li></ul>Add innovation to team meetings Establish an ideas register Reward new ideas Add innovation as a KPI Make innovation part of your culture Follow through on all ideas suggested Implement selected ideas – make it happen
  14. 14. Innovation and creativity? <ul><li>Creativity is the process of having or getting new ideas </li></ul><ul><li>Innovation is the complete process of creating new ideas and translating those ideas into action </li></ul><ul><li>‘Creativity only becomes innovation when ideas become useful’ </li></ul>
  15. 15. <ul><li>‘ A good idea is the enemy of a better one. You stop looking for alternatives.’ </li></ul><ul><li>(Tudor Rickards, Manchester Business School in Ideas Unlimited 1985) </li></ul>
  16. 17. Some tools for innovation <ul><li>Revolution </li></ul><ul><li>Six thinking hats </li></ul><ul><li>Force field analysis </li></ul><ul><li>Ideas matrix </li></ul><ul><li>Brainstorm </li></ul><ul><li>Five Whys? </li></ul><ul><li>Ask What if ..? </li></ul><ul><li>Visioning </li></ul><ul><li>Metaphor or analogy </li></ul><ul><li>4-MAT </li></ul><ul><li>Attribute listing </li></ul><ul><li>Anonymous brainstorm </li></ul><ul><li>Circuit </li></ul><ul><li>Mind Maps </li></ul><ul><li>SWOT </li></ul><ul><li>GAP analysis </li></ul><ul><li>Mind Mapping </li></ul><ul><li>Forced connection </li></ul>
  17. 18. Revolution
  18. 19. 5,000 Ideas in 5 minutes!
  19. 20. Nine features of a truly innovative organisation <ul><li>Identifying future trends and their clients' future needs. </li></ul><ul><li>Capturing new ideas. </li></ul><ul><li>Ensuring they stay technically current. </li></ul><ul><li>Looking at old ideas in new ways. </li></ul><ul><li>Fast-tracking innovative concepts. </li></ul><ul><li>Rewarding staff for their-creative input. </li></ul><ul><li>Short circuiting cumbersome organisation structures and communication delays to facilitate rapid decision making. </li></ul><ul><li>Tight project management to minimise delays in development. </li></ul><ul><li>Sound operational systems to ensure that innovative ideas become part of the day-to-day procedures for doing business. </li></ul>Survival in the corporate jungle: innovate or perish, in Innovation and Imagination at Work (2001) Australian Institute of Management, McGraw-Hill Australia
  20. 21. In summary <ul><li>Innovation is a practical set of actions </li></ul><ul><li>Innovation can be learnt </li></ul><ul><li>Innovation can be something very small as well as something very large </li></ul><ul><li>Innovation can be improving little things as well as breakthrough new ideas </li></ul><ul><li>Innovation can be applied to all areas of a business </li></ul>
  21. 22. Questions?
  22. 23. <ul><li>Continuous improvement is about </li></ul><ul><li>doing 100 things 1 per cent better, </li></ul><ul><li>not one thing 100 per cent better. </li></ul>

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