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Keynote slides: Harnessing the Power of Innovation

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Keynote slides: Harnessing the Power of Innovation

  1. 1. Harnessing the Power of Innovation  Futurist  Strategy advisor  Author @rossdawson
  2. 2. Not so long ago
  3. 3. Taking diverging paths
  4. 4. -90% -70% -50% -30% -10% 10% 30% 1965 1969 1973 1977 1981 1985 1989 1993 1997 2001 2005 2008 US economy: Return on Assets Top Quartile Bottom Quartile Source: The 2009 Shift Index, Deloitte Center for the Edge Not keeping pace
  5. 5. “The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.” – Rupert Murdoch
  6. 6. Driving Forces Structure Leadership Innovation Networks Organisations Crowds Strategy
  7. 7. Driving Forces
  8. 8. Wherever you go 0% 10% 20% 30% 40% 50% 60% 70% 80% India Russia Philippines Brazil China Germany France UK USA Australia Japan Source: Kleiner Perkins Caulfield Byers, as of Q2 2013 Global smartphone penetration Smartphone penetration Smartphone growth
  9. 9. Timeliness
  10. 10. We expect more
  11. 11. Expectations of excellence
  12. 12. Global competition
  13. 13. Commoditisation Flickr credit: Salim Virji
  14. 14. Innovation
  15. 15. Domains for innovation Product or Service Marketing Process Organisation Business model
  16. 16. Customised products
  17. 17. Let your customers do your marketing
  18. 18. Market reinvention
  19. 19. Self-organisation
  20. 20. Merging digital and physical
  21. 21. Networks
  22. 22. Who does this man know?
  23. 23. The most connected actors
  24. 24. Innovation by recombination “I put together elements that were already there, but that’s what inventors always do. You can’t make up new elements, usually. The new element, if any, was the combination, the way they were used.” Kary Mullis, Nobel Prize Winner, Chemistry, 1993
  25. 25. Extending organisations’ capabilities Bounded Unbounded
  26. 26. Structure Flickr credit: Visual Artist Frank Bonilla
  27. 27. Transaction costs slide
  28. 28. The global modular economy Flickr credit: Ssppeeeeddyy
  29. 29. Matching demand and availability
  30. 30. Organisations
  31. 31. How organisations really work
  32. 32. Networks for innovation
  33. 33. Ad-hoc networks Standardised processes The two layers of organisations…
  34. 34. Better networked companies Source: Deloitte Australia Social Media Report 2012
  35. 35. Building unique companies
  36. 36. Crowds
  37. 37. Open innovation
  38. 38. “No matter who you are, most of the smartest people work for someone else.” Bill Joy, Co-Founder, Sun Microsystems Flickr credit: Andrew Morrell Photography
  39. 39. Procter & Gamble asks for help
  40. 40. Value creation by the crowd
  41. 41. Seeking the best ideas
  42. 42. Strategy Flickr credit: chrisgj6
  43. 43. Innovation structures Vision Establish Structures Allocate Resources Develop Capabilities Communicate Manage Risk
  44. 44. Innovation priorities and portfolios Source: The Alchemy of Growth, Bagdai, Coley & White; International Futures Forum; Xerox PARC
  45. 45. The lean startup loop Source: The Lean Startup, Eric Ries
  46. 46. Innovation allows failure
  47. 47. Everyone can innovate
  48. 48. Leadership
  49. 49. The only way you can control your destiny is to be more flexible than your environment - The Law of Requisite Variety
  50. 50. Experiment and learn
  51. 51. Governance for transformation Benefits Risks/ Concerns Risks of NOT taking action Productivity and efficiency Productivity loss Reduced competitiveness Staff satisfaction and engagement Loss of control Harder to attract talented staff Access to information and processes Information reliability Fragmentation of information Flexibility in work Systems security Unauthorized use of technology
  52. 52. Driving Forces Crowds Innovation Networks Structure Organisations Strategy Leadership
  53. 53. Energy in networks

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