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UHY Advisors - Sparking Creativity and Fostering Innovation

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This is a presentation - a new version - of Sparking Innovation and Fostering Innovation delivered May 26, 2010 to a group of UHY Advisors young professionals and clients.

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UHY Advisors - Sparking Creativity and Fostering Innovation

  1. 1. Sparking Creativity & Fostering Innovation
  2. 2. Why? Innovate
  3. 3. “The way you will thrive in this environment is by innovating -- innovating in technologies, innovating in strategies, innovating in business models." Samuel J. Palmisano CEO IBM (2006)
  4. 4. We will now discuss in a little more detail the struggle for existence. Charles Darwin - The Origin of Species
  5. 5. What we have here is a failure to innovate. • Leadership • Dogma • Questioning • Patience • Trust • Openness • Risk
  6. 6. What we have here is a demand to innovate. • Leadership • Dogma • Questioning • Patience • Trust • Openness • Risk
  7. 7. Are you a Mac or PC?
  8. 8. Are you a Mac or PC? Windows Vista Windows 7 Zune Media Player
  9. 9. iPod Are you a iTunes Apple Stores Mac or PC? AppExchange iPad Windows Vista Windows 7 Zune Media Player
  10. 10. In early 2000, Apple was 1/10th the size of IBM and Microsoft. As of 5/24/2010 - Apple’s Market Cap was $227.74 billion - Microsoft was $233.1 billion Yahoo Finance
  11. 11. Peter F. Drucker 1909 - 2005 “Every organization - not just business - needs one core competence: innovation.”
  12. 12. Creativity Bloomberg Business Week Survey - May 18, 2010
  13. 13. The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift. - Albert Einstein
  14. 14. What is creativity?
  15. 15. Creativity is the discovery of a new idea or connection.
  16. 16. Innovation Elements
  17. 17. Innovation Elements • Creative Thinking
  18. 18. Innovation Elements • Creative Thinking • Strategic Thinking
  19. 19. Innovation Elements • Creative Thinking • Strategic Thinking • Transformational Thinking
  20. 20. What is innovation? Innovation is the productive implementation of strategic creativity.
  21. 21. What is innovation? Innovation is the productive implementation of strategic creativity.
  22. 22. Evolutionary & Disruptive
  23. 23. Evolutionary & Disruptive MP3 vs. i Tunes
  24. 24. How do we encourage creativity? What blocks creativity?
  25. 25. Senior Leadership
  26. 26. Senior Leadership Middle or Silos
  27. 27. Senior Leadership Middle or Silos Grass Roots
  28. 28. Characteristics of Innovative Organizations
  29. 29. Embrace new things Characteristics of Innovative Organizations
  30. 30. Embrace new things Leadership Characteristics of Innovative Organizations
  31. 31. Embrace new things Leadership Decisive & forward looking Characteristics of Innovative Organizations
  32. 32. Embrace new things Leadership Collaborative Decisive & forward looking Characteristics of Innovative Organizations
  33. 33. Embrace new things Leadership Collaborative Right people & Decisive & forward looking Systems Characteristics of Innovative Organizations
  34. 34. Half of the great innovations in the world happened from great insights, the other half happened by accident, and none of them have been on the schedule. - Roger McNamee
  35. 35. Failure or success?
  36. 36. Failure or success? • What happened to this extremely strong glue?
  37. 37. Failure or success? • What happened to this extremely strong glue? • or
  38. 38. Failure or success? • What happened to this extremely strong glue? • or • How might we use this lousy glue we just made?
  39. 39. I didn’t fail. I just found 1000 ways not to make a light bulb. - Thomas Edison
  40. 40. Why?
  41. 41. Why? Why?
  42. 42. Why? Why? Why?
  43. 43. How might we . . .
  44. 44. It is better to have enough ideas for some of them to be wrong, than to always be right by having no ideas at all. - Dr. Edward De Bono
  45. 45. Curiosity
  46. 46. Persistence Curiosity
  47. 47. Persistence Curiosity See Connections
  48. 48. Persistence Curiosity See Collaborative Connections
  49. 49. 6 Competencies for the Conceptual Age • Design • Story • Symphony • Empathy • Meaning • Play
  50. 50. • No lists - mind maps • Keep a journal • Ignite your curiosity • Hang onto every idea
  51. 51. Power of Collaboration
  52. 52. Imagination is more important than knowledge.
  53. 53. If stupidity got us into this mess, then why can’t it get us out? - Will Rogers

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