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Innovation is Everyone's Business

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EDR PRISM
Soren Kaplan, P.h. D, author of the best-selling and award-winning books Leapfrogging and The Invisible Advantage.

Innovation is critical, and thanks to the rapid pace of technological advances, commercial real estate risk management will look very different in just a few years. Kaplan, recognized as one of the world's leading experts in disruptive innovation, will lead us through a journey of exploration and discovery to insight and practical application, leaving you inspired and with a sense of actionable direction.

Published in: Technology
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Innovation is Everyone's Business

  1. 1. skaplan@innovation-point.com Innovation is Everyone’s Business
  2. 2. Cafeotheque
  3. 3. Casualties of Disruptive Innovation
  4. 4. Card Trick Part 1
  5. 5. Card Trick Part 2
  6. 6. Disruption is Accelerating Blockchain Internet of Things Artificial Intelligence 3D Printing Robotics Augmented Reality Etc.
  7. 7. There's no formula. If there was a formula, a lot of companies would have bought their ability to innovate. -- Tim Cook, CEO of Apple
  8. 8. • Competitive advantage is TEMPORARY • CULTURE is today’s only advantage • Every organization culture is UNIQUE
  9. 9. Communication We have an obligation to communicate. Here, we take the time to talk with one another… and to listen. We believe that information is meant to move and that information moves people. Respect We treat others as we would like to be treated ourselves. We do not tolerate abusive or disrespectful treatment. Integrity We work with customers and prospects openly, honestly and sincerely. When we say we will do something, we will do it; when we say we cannot or will not do something, then we won’t do it. Excellence We are satisfied with nothing less than the very best in everything we do. We will continue to raise the bar for everyone. The great fun here will be for all of us to discover just how good we can really be. Corporate Values
  10. 10. 1. Apple 2. Uber 3. Tesla 4. Facebook Whose Values are These?
  11. 11. Innovation Culture Cycle
  12. 12. Identify your innovation intent Strategy #1
  13. 13. Small changes Incremental Innovation Major Advances Evolutionary Innovation Breakthroughs Disruptive Innovation Easier & Lower Risk Harder & Higher Risk 70% 20% 10% Products, Services, Processes, Experiences & Business Models
  14. 14. Continuous Improvement Evolutionary Innovation Disruptive Innovation Easier & Lower Risk Harder & Higher Risk Small changes to products, products & technology focused on customer experience Major investments that reinvent how we do business focused on the member New businesses that drive growth in current & new markets
  15. 15. To improve our customers’ financial lives so profoundly they can’t imagine going back to the old way
  16. 16. Uncover unarticulated insights Strategy #2
  17. 17. How many “Fs” are in the following paragraph? Finished files are the result of years of scientific study combined with the experience of many years of practical financial application.
  18. 18. Follow Me Homes
  19. 19. Customer Office Hours
  20. 20. Fall in love with the problem, not the solution Strategy #3
  21. 21. Annual “best failed idea” award Failure parties
  22. 22. 1. Identify your innovation intent 2. Uncover unarticulated insights 3. Fall in love with the problem, not the solution 3 Innovation Strategies
  23. 23. THANK YOU Downloads from this presentation: www.leapfrogging.com/downloads/
  24. 24. Innovation Trivia Show!
  25. 25. 39 Failures 1 Success
  26. 26. $250k 24 Entries
  27. 27. 3 Years in Development How much Invested?
  28. 28. Failed Dating Website
  29. 29. Thank You skaplan@innovation-point.com www.leapfrogging.com/downloads/

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