The document discusses innovation at Premier Manufacturing Support Services. It defines innovation as implementing new ideas or improvements to products and services to create greater value for customers. The document outlines different types of innovation, including new technologies, business models, pricing strategies, and more. It also distinguishes between invention, which is developing a new concept, and innovation, which is finding new applications or combinations of existing resources. The document then discusses how innovation occurs globally and provides examples of innovative companies and countries. It emphasizes that innovation requires an ongoing process of learning and improvement.
16. GLOBAL INNOVATION This list of companies described as most innovative shows that results often depend on location, as people recognize companies from their own region. Source: Business Week/ Boston Consulting
INNOVATION is a concept – like “beauty” or “delicious” or “truth” means we all have different definitions. Later on we’ll examine what this means for Premier. But not everyone agrees on definitions -- What I think is creative you might say is ordinary – so we have to share what we know. Just because something is new or better may not be innovative unless it creates a value to the customer (loyalty, prices) and benefits the supplier (profits, new business, new markets)
– esto no es el primero o el mejor – pero el diseño, y la tienda de iTunes y el precio muy barato fueron combinaciones de innovación fuertes y difíciles de copiar. One reason why everyone can be so innovative is it can take years to succeed and longer to see results. Products can change to suit the market or markets/people can change to adapt to products. And innovation doesn’t always come from where you expect – bet the people at Kodak, Fuji or Polaroid never predicted the popularity of cell phone cameras and instant online photo sharing.
In general, invention is a thing – innovation is more vague. Whirlpool counts its ‘innovation yardstick” as the profits created by new products within three years of introduction – after that the products/services are just part of ongoing business. Services, new profits, savings or changes all can be part of an innovation strategy – and have to be for maximum benefit
Shows the power of networks and
One company has as many as 22 different elements that are part of innovation. Kaizen I like the 10 outlined by Chicago consulting firm Doblin. Another popular list of 10 comes from IDEO. Now can we agree that we know what innovation is and why it’s a good idea?
That’s why it’s important for you and the organization to define what you want to achieve and process for doing it.
When you see it from above this is an island near Hawaii – taller than Everest but most of it is not visible to the ordinary eye. Power of language and confusion, units of measure or different words for the same thing
Also known as “What’s wrong with surveys”
You might think this is bad news but instead look at the good news
Spending shows where money is flowing to innovators --
Apple and Google ranks tops but what companies are most innovative depends on where you live/work A 2006 Business Week/Boston Consulting Group survey asked where R&D spending goes
Companies take risks and introduce products/surveys but another problem with surveys is a history of successful innovations can build a reputation even if you hit a slow period or fail to innovate for a time. No company or country has exclusive breakthroughs
Companies take risks and introduce products/surveys but another problem with surveys is a history of successful innovations can build a reputation even if you hit a slow period or fail to innovate for a time. No company or country has exclusive breakthroughs
Failure rates in innovation as high as 96 percent don’t give much support to corporate innovation programs – small companies can innovate as well or better than large ones and the stakes for service providers is high – services are mobile, scalable, rapidly adaptable and global
Services are mobile, scalable and global – they can go where the action is.
Priceline se puede decidir el precio para boletos de aviones, auteles, carros, -- Con e-bay cualquier persona puede abrir una tienda ts risk by electronic reporting systems. Larry Keeley of Doblin says the days of innovation process excellence are finally here with repeatable, documented, methods for improving innovation in companies, particularly in service areas such as health care, financial and other industries where regulation or tradition preserve the status quo.
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Every step along the way will have some degree of failure
Standards of measurements, high customer expectations and competition for quality management all remade the manufacturing world – innovation is now at that early stage. And it’s not going to take 20 years.. . .
Using tools like idea management software, events such as this Fair. . . Premier is building a toolkit that supports corporate innovation .
Someone had to be the first to put a lime in a Tecate or Corona. Who decided it was a good idea and repeated it? I bet someone said “Don’t do that – we only use limes for throwing at horses” Can you see a new way of combining things or changing the status quo to save money, offer new value or create a flavor no one else can match?
Having a system is critical to gather ideas, estimate their value and store them for the future – and we have to decide what type of organization you want to be and what do your customers want or need – do they come to you for creativity or tradition, for new solutions or reliable, traditional choices.
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