Business Innovation PPT

1. The INNOVATOR’S DNA

2. The ability to innovate is the “Secret sauce” of business
success.
Every Innovative entrepreneur has something called
creative intelligence.
Five Discovery Skills
 Associating
 Questioning
 Observing
 Experimenting
 Networking

3. • Ability to successfully connect seemingly unrelated
questions, problems or ideas from different fields – Medici
Effect.
• The more diverse our experience, the more diverse is the
association.
• Innovators spent time in exploring new and unrelated things.
• Understand, categorize and store new knowledge which
helps the brain in recombining association.
• Example: Steve job, the art of calligraphy, meditation
practices in Indian ashram, the fine details of Mercedes
Benz

4. • Innovators ask questions that are provocative and challenge
common wisdom
• Emphasizes on asking “Why?” and “Why not?” and “What
if?”
• Build the capacity to imagine opposites and reaching a
synthesis which is better than the opposite ideas.
• Embracing constraints to get out of the box insights.
• Example: Michael Dell hitting on his revolutionary
business model

5. • Scrutinize the common phenomenon, observe the behavior of
potential customers
• New business ideas come from observing other people and
trying to live their life.
• Carefully and consistently look out for small behavioral
details – in the activities of customers, suppliers and other
companies
• Example: Ratan Tata stumbling upon the idea of Nano car.

6. • Experimentation can be, intellectual exploration, physical
tinkering or engagement in new surrounding.
• Make experiment in everything which you do
• Create a culture that foster experimentation
• One of the most powerful experimentation is engaging in
living and working overseas
• Example: Steve Jobs disassembling Sony Walkman, Howard
Shultz roaming Italy coffee bars

7. • Devote time and energy to find and test ideas through a
network of diverse individual
• Meet people with different kind of ideas and perspectives to
extend knowledge domains
• Attend idea conferences to get newest ideas, passions and
projects.
• Example: Michael Lazaridis inspiration for Blackberry
occurred at conference in 1987, wireless data system for coke

8. • Innovative thinking may be innate to some, it can
also be developed and strengthened through practice.
• Innovators must consistently act different to think
different.
• Innovative entrepreneurship is not a genetic
predisposition, it is an active endeavor.

9. Siva Priya S
Megha S. Tomar
Megha Dhingra
Kaveri Seth
Manu Kanchan
Sonia Malhotra