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Balance Incremental & Transformational Innovation - Innovation Leaders Roundtable by MTI²

Our team at MTI² is proud to reach an important milestone as we held our first invitation-only Innovation Leaders Roundtable on May 31st 2016. Several times, we had received the explicit request to bring innovation leaders in our network together to share their experiences. The atmosphere we wanted to set was a limited scale roundtable to create great potential in making connections and sharing experiences. As all good things, it ultimately became a bit bigger than we anticipated… We were delighted to host thought leaders from companies such as a.s.r, Ageas, Baloise, Bank of New York Mellon, Baxter, Bekaert, Bentley Motors, Caesar Groep, Callebaut&Co, Dell, Evonik, Fibersail, Ghent University, Heraeus, Hoge Raad Diamant, Johnson & Johnson, Kom op tegen Kanker, Komatsu, Michelin, Nokia, Proximus, Puratos, Renolit, UCB, Unilin and VRT.
As a setting, we chose the Pastorale in Reet for a couple of reasons. First, it reminds us of the small Flemish town in the country side we are located ourselves to service clients globally. Second, the Pastorale is one of the most creative settings among Belgium’s many fine dining opportunities. Third, given our intense collaboration with Michelin and its presence as a presenter, it seemed befitting to pick a place the Michelin Red Guide writes raving reviews about.
We saw inspiring presentations from Pedro Costa, sharing his experience as head of Michelin’s Incubator in Europe, Sabine Leclercq, R&D Site Director at Baxter R&D Europe and prof. Isabel van Driessche, sharing the experience of Ghent University with their Innoversity Challenge.
Enthused by these stimulating talks, we then came together in roundtables, to discuss the most important innovation topics relevant to our participants. While many different topics where discussed, the most frequently mentioned ones that emerged from discussions included the people aspect of innovation, the balance between incremental versus transformational projects, and keeping momentum to establish sustainable innovation.
As it is proven that writing down resolutions makes you more likely to succeed (and on top of that, increases your overall happiness), we asked participants to form actionable insights and write down resolutions they would act upon in the next couple of days, weeks or months. We also made resolutions ourselves of course. As a way of following up on one of our own resolutions, we will provide more information on the learnings in the upcoming weeks, so make sure to stay tuned.

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Balance Incremental & Transformational Innovation - Innovation Leaders Roundtable by MTI²

  1. 1. Innovation Leaders Roundtable Balance Incremental & Transformational Innovation
  2. 2. Our Inspiration Journey 15.30-16.00 Welcome Coffee 16.00-16.10 Welcome by MTI2 (prof.dr. Stefan Stremersch & dr. Isabel Verniers) 16.10-16.40 From Seeding to Impactful Ideas in R&D (dr. Sabine Leclercq, R&D Site Director, Baxter R&D Europe & dr. Patricia Meijers, Sr. Research Scientist, Baxter R&D Europe) 16.40-17.10 Engaging the Crowd to Address Disruptive Business Models (prof.dr. Isabel van Driessche, Ghent University) 17.10-17.40 Successfully Incubating New Venture Teams Outside the Core Business (Pedro Costa, Incubator Michelin) 17.40-18.00 Break 18.00-19.00 Roundtable Discussions 19.00-21.30 Dinner & Wrap-up 31 May 2016 de Pastorale, Reet Innovation Leaders Roundtable Seminar & Dinner by MTI2
  3. 3. Innovation Leaders at the Roundtables
  4. 4. Top Three Learnings from Roundtable Discussions INCREMENTAL VS. TRANSFORMATIONAL How to balance between incremental versus transformational projects? SUSTAIN How to keep momentum in order to establish sustainable innovation? ENGAGE How to make your employees the biggest ally in your innovation efforts?
  5. 5. INCREMENTAL VS. TRANSFORMATIONAL How to balance between incremental versus transformational projects KEEPING MOMENTUM How to keep momentum in order to establish sustainable innovation This Presentation: Balance BALANCE How to balance incremental versus transformational innovation projects?
  6. 6. Balance Your Innovation Efforts Incremental Innovation Strategy Transformational Innovation Strategy Multi-Disciplinary Teams Business Budget Decision Maker A Central Budget Decision Maker B $$ $$ $ $$$ Talent Governance OutcomeStrategy
  7. 7. Strategy: Set a Clear Intent  Objectives need to be clearly set: core (incremental) or transformational or both?  Continuous re-evaluation needed (moving target)  Innovation process to be continuously re-evaluated
  8. 8. Talent: It Starts with the People  Can you hire for disruption? Make teams more multi-disciplinary!  Know your company: where do idea clusters form? Who are the disruptors?  Hire outside your company for new and fresh disruptive ideas  Innovation campaigns teach the company what lives in the organization – critical input to management on strategic domains
  9. 9. Governance: Different Organization  Organizing for transformation is different than for incremental innovation  Transformational innovation needs a central budget (independent from the business)  Need different decision makers for each strategy  Hire intrapreneurial talent focused on execution Central Budget Decision Maker B $ $$$ Business Budget Decision Maker A $$ $$
  10. 10. Innovation Leaders Roundtable Balance Incremental & Transformational Innovation