On The Strict Rules Of Strategy And Innovation


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Presentation about Strategy and Innovation to GFM students at ITC / TU Twente, may 14th, 2012

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  • http://richardjamessharp.wordpress.com/2010/10/23/strategy-and-innovation/
  • Pag 66 focus of strategiekaplannorton
  • Also a goodread: http://richardjamessharp.wordpress.com/2010/10/23/strategy-and-innovation/
  • Seehttp://leaderswedeserve.wordpress.com/tag/karl-weick/ and manyothersources
  • Histoire des trouble de pays bas (1822).. How appropriate.
  • http://en.wikipedia.org/wiki/File:St._Louis_electrical_bread_slicer,_1930.pnghttp://www.chillicothenews.com/news/x135743963/HAPPY-BIRTHDAY-SLICED-BREADThe phrase "the greatest thing since sliced bread" is a commonly used hyperbolic means of praising an invention or development. A writer for The Kansas City Star wrote that "the phrase is the ultimate depiction of innovative achievement and American know-how."[1]http://en.wikipedia.org/wiki/Sliced_bread
  • Managing and shaping innovation, Conway, Stewart, 2009
  • Thankyou Eric von Hippel
  • Bronhttp://www.wild-heerbrugg.com/hwartikel.htm
  • Bron www.sps.chhttp://www.sps.ch/de/artikel/physik_anekdoten/neu_entdeckte_wild_einstein_relation_1/?0=
  • Sorry,bronvergeten
  • http://www.nytimes.com/imagepages/2007/03/25/business/25Proto_CA0_ready.htmlEric von Hippel of M.I.T., left, and Dr. Nathaniel Sims, with hospital devices Dr. Sims has modified. Mr. von Hippel says users can improve on products. http://web.mit.edu/evhippel/www/
  • Last Friday we had a great time meeting professor Henry en.wikipedia.org/wiki/Henry_Chesbrough in KIMbcn with a few colleagues and investors. Henry Chesbrough coined the term open innovation and is the author of Open Innovation: The New Imperative for Creating and Profiting from Technology (HBS Press, 2003). Chesbrough is currently an adjunct professor and the executive director of the Center for Open Innovation at the Haas School of Business at the University of California, Berkeley. www.bioaccez.comhttp://www.flickr.com/photos/8674753@N02/4159242075/in/set-72157622814928045/
  • As used in my thesis
  • Chesbrough, 2003AWT, 2006Some the pictures from my thesis
  • Basedon ‘most smart peopledon’tworkforus’, acclaimed to Bill Joy.
  • On The Strict Rules Of Strategy And Innovation

    2. 2. the strict rules of On Strategy & (Open) InnovationITC / TU Twente, EnschedeGuest LectureMay 14th, 2012
    3. 3. STRATEGY
    4. 4. Strategy schoolsMintzberg et al. (2005, p 5) single adjective to capture each view of the strategy process:The Design School: strategy formation as a process of conceptionThe Planning School: strategy formation as a formal processThe Positioning School: strategy formation as an analytical processThe Entrepreneurial School: strategy formation as a visionary processThe Cognitive School: strategy formation as a mental processThe Learning School: strategy formation as an emergent processThe Power School: strategy formation as a process of negotiationThe Cultural School: strategy formation as a collective processThe Environmental School: strategy formation as a reactive processThe Configuration School: strategy formation as a process of transformation”(Mintzberg et al. 2005, p 5)Kindly borrowed from Richard James Sharp
    5. 5. Mission Core values Vision Strategy Balanced scorecard Strategic initiatives Personal targets Strategic resultsShareholders Customers Excellent Motivated happy enthusiastic processes personnel
    6. 6. On some roads it is obvious which path to take
    7. 7. But on others, you cannot knowwhat is behind the curve
    8. 8. ..clear steps towards an uncertain future
    9. 9. Playing the game,but what are rules?
    10. 10. Strategy as a plan orStrategy as a (realised) pattern?
    11. 11. Realized Ratio Deliberate / RealizedStrategy safari / Minzberg
    12. 12. “we considered ourselves lost and waited for theend. And then one of us found a map in his pocket.That calmed us down.We pitched camp, lasted out the snowstorm andthen with the map we discovered our bearings.And here we are.The lieutenant borrowed this remarkable mapand had a good look at it. It was not a map of theAlps, but of the Pyrenees”From a poem by Miroslav Holub and a Karl Weick paper on Sensemaking
    13. 13. “Strategy has become like efficiently navigating in the fog”Prahalad, Ramawamy,The Future of Competition
    14. 14. Sorry, no strict rules for strategy See strategy as the ultimate mash-upWrite things down and look back,three years from today!(and take some notes for the near future as well)
    15. 15. INNOVATION
    16. 16. The next best thing since sliced bread
    17. 17. The next best thing since sliced bread
    18. 18. Innovation = invention + bring into common usage* Only little consensus… Conway, Stewart, 2009
    19. 19. Consider: “Innovation”• Sometimes not what you think it is. • Sometimes, others benefits more then you do.• Often, users lead, and some more, then others.
    20. 20. 1. What’s the innovation?
    21. 21. Foto: © Bildarchiv ETH-Bibliothek [m]
    22. 22. 2. Who benefits from innovation?
    23. 23. 3. Who leads the innovation?BikePortland.org
    24. 24. Image NY Times ©
    25. 25. Open Innovation, a new paradigm? ! Chesbrough, 2003
    26. 26. Open Innovation- Defined“Open Innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the market for external use of innovation, respectively” Chesbrough, 2006.
    27. 27. Existing marketExploration Exploitation
    28. 28. Newmarket
    29. 29. Why Open Innovation Matters?Faster Time to marketGreater Diffusion of KnowledgeAbsorptive capacity increasedFollow the customer…Max capabilities for society…
    30. 30. Sorry, no strict rules for innovation YOUR role in innovation is increasingly importantClaim that role, and social media helps!
    31. 31. Final remarksLike maps, models of strategy are not reality Perhaps agility is the most strategic asset of a firmCompanies can never know what a user wants, better then the user does herself
    32. 32. Final thoughtWay more smart peopledo NOT work for Esri….…“all” we have to do is connect (to) them!
    33. 33. Suggested readings (books)• What they don’t teach you at HBS, Mark McCormack (web)• Democratizing Innovation, Eric von Hippel, 2005. (web)• The Halo Effect, Phil Rosenzweig, (web)• Strategy safari (..), Henry Minzberg (web).• …
    34. 34. Suggested readings (papers)• Chesbrough, H. W., & Appleyard, M. M. (2007). Open Innovation and Strategy. California Management Review, 50(1), 57-77. UNIVERSITY OF CALIFORNIA.• Von Hippel, E., & von Krogh, H, (2006), Free revealing and the private-collective model for innovation incentives, R & D Management, 36, 3.• Pisano, G. P., & Teece, D. J. (2007). How to Capture Value from Innovation. California Management Review, 50(1), 278-296. UNIVERSITY OF CALIFORNIA. …• …
    35. 35. How it’s made• Thinking, research, conversations• Correspondence with ITC staff• Ebsco and scholar.google.com• Feedback to questions by students (thanks!)• Tools: paper, Evernote, MindJet, PowerPoint, Slideshare, LinkedIn, Wordpress, Twitter,…