Sanjay Dalal presented the Innovation Bootcamp at University of California, Irvine, Paul Merage School of Business on January 12, 2009. This was the accelerated version of the Innovation Bootcamp. Check out: www.InnovationMain.com for the Rigorous and Intermediate Innovation Bootcamps to jumpstart innovations and build an innovation factory.
There is considerable talk about innovation in businesses of all sizes, from startups to multinational public companies. “Innovation” and “innovate” are the most overused words in business. Is innovation a specialty or can it be cultivated by an entire organization? How do you innovate? And is there a blueprint for innovation? We explore these questions, and how the key to innovation is ideation, in our first Slideshare presentation!
Thoughts on open innovation sandro morghen yutongoSandro Morghen
English version of my observations and conclusions on Open Innovation.
Presented at Hochschule Lucerne, Switzerland on Ocotober 3rd, 2012.
Interesting questions from students were:
Question: Why do you pay innovators for their time/effort rather than to follow the winner takes it all approach? What if people performe weak in a process?
Answer: Because in our process it is not possible to allocate one single author to an idea. The creative content is based on our process setup, a collective result. This is why we pay everybody equally. We don't see Innovation as a game/contest, we see it rather as a form of crowd labour. Being is hard work and it doesn't take a genius. Based on the fact that all innovators answer a whole set of subquestions throughout the process, we can diffuse the risk of receiving bad content from one person. After all, it's just not fair. In our tests we weren't facing quality issues, but of course, had to deal with people who were trying to misuse the system. However, this issue remains manageable with our platform and approach. In our tests we measured about 5% of participants who tried to add random/sabotage content. We are very convinced that we can bring this number with the right quality management tools.
>>>
Question: Are you already online?
Answer: We have a functional prototype which is online but we are going to take it down as we are finalizing our commercial version of yutongo.
>>>
Question: Are you giving support to customers with setting up a project?
Answer: Not in a consulting sense. But the app is based on a step-by-step process and we put all our strength and own creativity in reducing complexitiy and the self explanatory character of the website. You shouldn't be an expert to setup a project with yutongo.
>>>
And a bunch of more questions I unfortunately can't remember. Thanks Hochschule Lucerne for having me and for asking questions. Asking question is very good advisor if you are planning to be creative. Creativity starts with asking the right questions!
Best!
Sandro Morghen, CEO & Co-Founder of yutongo
How to build a startup SLASSSCOM Talk Aug 2015Raomal Perera
An introduction on how to build a startup using lean techniques. The talk was hosted by SLASSCOM and sponsored by Virtusa, Regus Sri Lanka and Pick Me.
Little “i” Innovation: Why Small Ideas Matter as much as Big OnesGuthrie Dolin
When it comes to design-led innovation, we love the big idea — those breakthrough inventions that signal a disruptive change. But these big ideas are rarely the result of a single moment of genius. Instead, it comes from the culmination of smaller ideas, developed over time, from the minds of many. The ideas that really stick in our fast-paced digital world are the ones that “live in beta” — embracing a culture of learning, adapting and improving everyday. In Little “i” Innovation, we will explore how the process of continual, incremental improvement has been used to develop some of the worlds most innovative and dominant consumer brands.
There is considerable talk about innovation in businesses of all sizes, from startups to multinational public companies. “Innovation” and “innovate” are the most overused words in business. Is innovation a specialty or can it be cultivated by an entire organization? How do you innovate? And is there a blueprint for innovation? We explore these questions, and how the key to innovation is ideation, in our first Slideshare presentation!
Thoughts on open innovation sandro morghen yutongoSandro Morghen
English version of my observations and conclusions on Open Innovation.
Presented at Hochschule Lucerne, Switzerland on Ocotober 3rd, 2012.
Interesting questions from students were:
Question: Why do you pay innovators for their time/effort rather than to follow the winner takes it all approach? What if people performe weak in a process?
Answer: Because in our process it is not possible to allocate one single author to an idea. The creative content is based on our process setup, a collective result. This is why we pay everybody equally. We don't see Innovation as a game/contest, we see it rather as a form of crowd labour. Being is hard work and it doesn't take a genius. Based on the fact that all innovators answer a whole set of subquestions throughout the process, we can diffuse the risk of receiving bad content from one person. After all, it's just not fair. In our tests we weren't facing quality issues, but of course, had to deal with people who were trying to misuse the system. However, this issue remains manageable with our platform and approach. In our tests we measured about 5% of participants who tried to add random/sabotage content. We are very convinced that we can bring this number with the right quality management tools.
>>>
Question: Are you already online?
Answer: We have a functional prototype which is online but we are going to take it down as we are finalizing our commercial version of yutongo.
>>>
Question: Are you giving support to customers with setting up a project?
Answer: Not in a consulting sense. But the app is based on a step-by-step process and we put all our strength and own creativity in reducing complexitiy and the self explanatory character of the website. You shouldn't be an expert to setup a project with yutongo.
>>>
And a bunch of more questions I unfortunately can't remember. Thanks Hochschule Lucerne for having me and for asking questions. Asking question is very good advisor if you are planning to be creative. Creativity starts with asking the right questions!
Best!
Sandro Morghen, CEO & Co-Founder of yutongo
How to build a startup SLASSSCOM Talk Aug 2015Raomal Perera
An introduction on how to build a startup using lean techniques. The talk was hosted by SLASSCOM and sponsored by Virtusa, Regus Sri Lanka and Pick Me.
Little “i” Innovation: Why Small Ideas Matter as much as Big OnesGuthrie Dolin
When it comes to design-led innovation, we love the big idea — those breakthrough inventions that signal a disruptive change. But these big ideas are rarely the result of a single moment of genius. Instead, it comes from the culmination of smaller ideas, developed over time, from the minds of many. The ideas that really stick in our fast-paced digital world are the ones that “live in beta” — embracing a culture of learning, adapting and improving everyday. In Little “i” Innovation, we will explore how the process of continual, incremental improvement has been used to develop some of the worlds most innovative and dominant consumer brands.
Be Competitively Unpredictable! - Make it happen with innovationStefan Lindegaard
Competitively unpredictable: two words that spell the key to success in today’s fast paced, highly competitive business arena. If your company has the ability to consistently outmaneuver the competition in ways they never see coming, then the future is bright.
Why is being competitively unpredictable so essential now? One key reason is the ever-shrinking window of opportunity. In the past decades, depending on your industry, you could count on having three or five or even seven years after bringing something new to market to make good money before you needed to come up with the next new thing to keep revenues growing.
This is no longer the case. While the pace of innovation used to be fast but still manageable, now the window of opportunity is getting shorter and moving faster so you’re forced to innovate ever faster. One of the best examples is the mobile phone industry where they are now counting in months.
Open innovation and business model innovation are key concepts for becoming competitively unpredictable and in this session Stefan Lindegaard shares his views on how companies can embrace these concepts in order to bring better innovation to market faster.
Specifically, he provides:
• an overview of the current state of innovation and what the future will bring us
• examples on how leading-edge companies merge open innovation and business model innovation
• insights on why companies must embrace failure for better innovation
• insights on how companies can use social media for their innovation efforts
Here you get a look at my current thoughts on innovation through a presentation that I will give tomorrow at the Turkey Innovation Week, where I am one of the keynote speakers.
It is a long talk – 1 hour – so I have compiled lots of content in this presentation. Yes, it might even have too many messages, but I hope the participants at the conference as well as those of you, who are just checking out the presentation, can find some inspiration in it without feeling overloaded with information.
Some of the topics I get into are:
• The current state of innovation and the global megatrends that impacts it
• A definition on open innovation and the benefits that come along with it
• Innovation as a career choice – what you need to succeed for this
• My perception of innovation in Turkey (not elaborated, just one case)
• How intrapreneurship can bring together idea and people management
I hope you find it worthwhile your time.
You’ve figured out your value prop and you’ve got a great product under development. Now what? How can you develop a roadmap to build a company? Venture Capitalists often qualify deals as being a “feature”, a “product” or a “company”. Which do you have and how will you get where you want to go? This presentation addresses how to think about designing your product as a foundational element of your business. This includes thinking beyond UX and Architecture to Whole Product, Ecosystems, and Strategic partners. It also focuses on formulating how to design your go-to-market strategy and business model into your product (with a modular architecture, distinctive packaging and a frictionless approach).
A New Value Framework for Creative Businesses - BBH Labs at SPOT Conference 2014Agathe Guerrier
A talk given by Agathe Guerrier, Head of BBH Labs in London, at SPOT conference in Aarhus in May 2014, outlining a point of view on new types of ideas that can drive growth for creative businesses.
I want to start my venture but how to start ? Where to start? Out of several startups which one is the best one? All these answers are covered in this presentation. This will create a baseline for your innovative idea
Reach out to me for guidance, mentoring or collaborations alok.nikhil@gmail.com
What is needed to build a startup? What are the milestones along the way? And how to do you pull that pitch together to get the venture attention and funding your idea deserves. This Slideshare was given at the Harvard iLab and offered:
-- The holistic checklist to think through your venture in a business like plan
-- What matters to a VC/Investor
-- How to think about your roadmap from startup to public company
Lean Innovation at UnitedHealth Group, Kunjorn Chambungdabongse, OptumLean Startup Co.
Learn how a group of corporate innovation leaders, change agents, and intrapreneurs implemented a Lean innovation incubator inside a Fortune 14 organization. Hear the story of The Garage, challenges to innovation in the enterprise, and lessons we have learned along the way.
Game Changing Business Models - V2! - with case examples - Competitive Advant...Michael Skok
Developed for the Harvard Innovation Lab workshop series on Startup Secrets.
This is part 3 of the 5 part series by Michael J Skok on how to get competitive advantage as a startup.
Michael's slides are the agenda for the workshop, and are NOT self contained. For fuller coverage of the slides, visit Michael's website http://www.mjskok.com/
Innovation isn’t the job of R&D or Marketing anymore. Innovation is everyone’s job – but most aren’t trained/experienced in innovation.
Whether you start at "small i" innovation or "BIG I" Innovation - can you really afford NOT to improve your innovation capabilities?
Be Competitively Unpredictable! - Make it happen with innovationStefan Lindegaard
Competitively unpredictable: two words that spell the key to success in today’s fast paced, highly competitive business arena. If your company has the ability to consistently outmaneuver the competition in ways they never see coming, then the future is bright.
Why is being competitively unpredictable so essential now? One key reason is the ever-shrinking window of opportunity. In the past decades, depending on your industry, you could count on having three or five or even seven years after bringing something new to market to make good money before you needed to come up with the next new thing to keep revenues growing.
This is no longer the case. While the pace of innovation used to be fast but still manageable, now the window of opportunity is getting shorter and moving faster so you’re forced to innovate ever faster. One of the best examples is the mobile phone industry where they are now counting in months.
Open innovation and business model innovation are key concepts for becoming competitively unpredictable and in this session Stefan Lindegaard shares his views on how companies can embrace these concepts in order to bring better innovation to market faster.
Specifically, he provides:
• an overview of the current state of innovation and what the future will bring us
• examples on how leading-edge companies merge open innovation and business model innovation
• insights on why companies must embrace failure for better innovation
• insights on how companies can use social media for their innovation efforts
Here you get a look at my current thoughts on innovation through a presentation that I will give tomorrow at the Turkey Innovation Week, where I am one of the keynote speakers.
It is a long talk – 1 hour – so I have compiled lots of content in this presentation. Yes, it might even have too many messages, but I hope the participants at the conference as well as those of you, who are just checking out the presentation, can find some inspiration in it without feeling overloaded with information.
Some of the topics I get into are:
• The current state of innovation and the global megatrends that impacts it
• A definition on open innovation and the benefits that come along with it
• Innovation as a career choice – what you need to succeed for this
• My perception of innovation in Turkey (not elaborated, just one case)
• How intrapreneurship can bring together idea and people management
I hope you find it worthwhile your time.
You’ve figured out your value prop and you’ve got a great product under development. Now what? How can you develop a roadmap to build a company? Venture Capitalists often qualify deals as being a “feature”, a “product” or a “company”. Which do you have and how will you get where you want to go? This presentation addresses how to think about designing your product as a foundational element of your business. This includes thinking beyond UX and Architecture to Whole Product, Ecosystems, and Strategic partners. It also focuses on formulating how to design your go-to-market strategy and business model into your product (with a modular architecture, distinctive packaging and a frictionless approach).
A New Value Framework for Creative Businesses - BBH Labs at SPOT Conference 2014Agathe Guerrier
A talk given by Agathe Guerrier, Head of BBH Labs in London, at SPOT conference in Aarhus in May 2014, outlining a point of view on new types of ideas that can drive growth for creative businesses.
I want to start my venture but how to start ? Where to start? Out of several startups which one is the best one? All these answers are covered in this presentation. This will create a baseline for your innovative idea
Reach out to me for guidance, mentoring or collaborations alok.nikhil@gmail.com
What is needed to build a startup? What are the milestones along the way? And how to do you pull that pitch together to get the venture attention and funding your idea deserves. This Slideshare was given at the Harvard iLab and offered:
-- The holistic checklist to think through your venture in a business like plan
-- What matters to a VC/Investor
-- How to think about your roadmap from startup to public company
Lean Innovation at UnitedHealth Group, Kunjorn Chambungdabongse, OptumLean Startup Co.
Learn how a group of corporate innovation leaders, change agents, and intrapreneurs implemented a Lean innovation incubator inside a Fortune 14 organization. Hear the story of The Garage, challenges to innovation in the enterprise, and lessons we have learned along the way.
Game Changing Business Models - V2! - with case examples - Competitive Advant...Michael Skok
Developed for the Harvard Innovation Lab workshop series on Startup Secrets.
This is part 3 of the 5 part series by Michael J Skok on how to get competitive advantage as a startup.
Michael's slides are the agenda for the workshop, and are NOT self contained. For fuller coverage of the slides, visit Michael's website http://www.mjskok.com/
Innovation isn’t the job of R&D or Marketing anymore. Innovation is everyone’s job – but most aren’t trained/experienced in innovation.
Whether you start at "small i" innovation or "BIG I" Innovation - can you really afford NOT to improve your innovation capabilities?
Corporate Wellness Presentation for Personal Trainer XL In house FitnessRiel Roussopoulos
Corporate wellness can be an integral part of employee recruitment and retention as well as helping your work place to deal better with stress, work better as a team, be more productive and report less sick days than less fit companies do.
Effective, inviting, engaging! You can't make your corporate fitness center all things to all people, but you will want to give some thought to these four key considerations if you're investing in an onsite facility.
The Checklist
* Space - follow our easy steps to determine how much space you need
* Money - learn the key budget considerations for a corporate fitness center
* Liability - manage your organizational liability effectively
* Enthusiasm - find out how to create and sustain enthusiasm inside your facility to generate return on your investment
If you are developing a corporate fitness facility, you won't want to miss these key considerations.
Leveraging Big Data in Scholarly Communication SpaceMeta
What can be learned by applying big data tools to scholarly information? What are some real world applications? How does this benefit various stakeholders in our space? This presentation will answer these questions.
Wendy Maynard, marketing maven and principal of Kinesis, Inc. presents Social Media Bootcamp, a how-to guide for business professionals. This slide presentation has a special emphasis on Twitter and Facebook.
Global economics presentation. China'a role in the global economy. The presentation consists of Background,
GDP, Trade, Bad Publicity, Wages & Financial, and Economic Growth
Chad McAllister, PhD, Author, Innovation Hacker, Professor, Discusses Product Development And Innovation Insights From Interviews With Product Professionals And Business Owners From Large And Small Businesses
What do innovators really do? This is the question our speaker had in mind. To investigate answers, he set out on the road, traveling the US in an RV. Tune in to hear the insights and secrets gained from business leaders, innovators, and product development professionals.
"I'm excited to be in the San Francisco Bay Area to meet with passionate product people concerned with product excellence and innovation. Its an honor to be the first speaker to launch the Startup Product Silicon Valley community," says Chad.
Presentation to the New Frontiers Entrepreneurs - Nov 2015Raomal Perera
New Frontiers Networking event - Nov 2015. Presentation on Lean Startup.
Tweets:
Great talk yesterday by @raomal on the Lean Startup #NewFrontiersNetEvent
@raomal Thank u for yesterday @EI_NewFrontiers #NewFrontiersNetEvent .
Great talk by @raomal on #leanstartup Always good to step back and sense check your approach #NewFrontiersNetEvent
Great talk by @raomal "vision, passion & integrity" are key in a #startup! #NewFrontiersNetEvent #WeSavvy
@EI_NewFrontiers #NewFrontiersNetEvent @raomal great advice from raomal perrera never underestimate the power of networking
@raomal 'entrepreneurs aren't RISK TAKERS. They r people who figure out a way to MITIGATE THE RISK, then go for it'! #NewFrontiersNetEvent
"Understand what the problem is before you attempt to solve it" - @raomal #NewFrontiersNetEvent #startup #networking
@owletbabycare 'Are we really creating value for our customers?' @raomal ...#newfrontiersnetevent We sure are! #hiprotein #beefsnack
@raomal ...'your user is not always your customer'...#newfrontiersnetevent
The #NewFrontiers cohort engaged with @raomal's presentation #NewFrontiersNetEvent #leanstartup #networking @Entirl
@raomal To get the answers you are looking for! You need to know your problem. @Newfrontiersnw @EI_NewFrontiers
@raomal talks lean startup @EI_NewFrontiers #NewFrontiersNetEvent
Entrepreneur and Educator Raomal Perera now speaking at the #NewFrontiersNetEvent @EI_NewFrontiers @raomal
@EI_NewFrontiers #NewFrontiersNetEvent @raomal great to hear raomal perrera at the podium. He owes much of his success to Ent Irl
@raomal takes to the floor to discuss his successes with #LeanStartups #NewFrontiersNetEvent #Networking @Entirl
Very excited to have @raomal with us today at the #NewFrontiersNetEvent! #startup #networking @Entirl
Innovation training and transformational management in Belgrade SerbiaMiodrag Kostic, CMC
Presentation from the training course on how to improve business innovation and transform your organisation in Serbia, Belgrade?
http://www.businessknowledge.biz/
“Innovate or die!” “Let’s create an innovation culture!” “Ideas, ideas, ideas!” “Great brainstorming session. Woohoo, now we’re innovators!”
All organizations strive to innovate. So why do so many companies, especially B2B companies, fall short on truly innovating? Join JJ Rorie, Managing Director of product management consultancy Envision Advisory, as she dives into these common pitfalls of B2B product innovation:
• Not having a clear understanding of what innovation really means
• Thinking of innovation as a time-boxed activity
• Mistaking “customer-ruled” for being “customer-focused”
• Not knowing your customers’ customers
• Trying to be something that you’re not
• Ignoring product portfolio management
Participants will learn:
1. The difference between B2B and B2C innovation
2. How their organization should define innovation
3. How to recognize common pitfalls and combat them
The Innovation Bootcamp University of California Irvine Presentation by Sanjay Dalal on Jan 12, 2009
1. The Innovation Bootcamp
WELCOME!!
THE INNOVATION BOOTCAMP
January - 2009
Brought to you by:
Creativity And Innovation
Driving Business
www.InnovationMain.com
3. The Innovation Bootcamp
What do you See?
Obvious: Zero, Circle, Dot
Less Obvious: Wheel, Plate, Dish
Even Less Obvious: New Moon, Solar
Eclipse, Mole, Seed
Hidden: Top of a Nail, Sphere, Cylinder
Answer: Top of a Head
www.InnovationMain.com
8. The Innovation Bootcamp
Today’s Agenda
• About me
• Wisdom from Innovators
• The Innovation Index
• Business Innovation Success
• Apple Case Study
• Web 2.0
• SCAMPER
• Key Takeaways
www.InnovationMain.com
10. The Innovation Bootcamp
Sanjay Dalal
• Innovator, Entrepreneur and Investor
• Author of Faculty eBook on Innovation in Business
• Founder of the Innovation Index
• President & Managing Director, Innovation Index Group
• Fifteen years leadership experience at High Tech companies
• Joint U.S. Patent, First Position Putnam Math Competition
• B.S.E.E., UT, Austin; Management Certification Cornell University
• Member, Dean’s Leadership Circle, UC Irvine Business School
• Basketball Coach, Art Master, Student Site Council
• Active Rotarian and philanthropist
www.InnovationMain.com
11. The Innovation Bootcamp
Creativity And Innovation Driving Business
INNOVATION SERVICES, STRATEGY & CONSULTING
http://www.InnovationMain.com
• No-nonsense insights, strategy and solutions with
proven processes that drive Creativity and
Innovation at your business, create real market
growth and success for your products and services,
and achieve market leadership
www.InnovationMain.com
12. The Innovation Bootcamp
$$
SUCCESS New People
Business Processes
Culture
Innovations Partners
Networks
Ideas
Creativity
www.InnovationMain.com
13. The Innovation Bootcamp
Who is an Innovator?
• A business
• A person – employee or partner?
• Do businesses create innovators?
• Do innovators create businesses?
• Is there a difference: Innovator vs.
Entrepreneur?
www.InnovationMain.com
14. The Innovation Bootcamp
Wisdom from Innovators
• quot;Failure is our most important product.quot;
R W Johnson, Jr., Former CEO, Johnson &
Johnson
Never Lost Money
www.InnovationMain.com
15. The Innovation Bootcamp
Wisdom from Innovators
• quot;Our company has, indeed, stumbled
onto some of its new products. But
never forget that you can only stumble
if you're moving.quot; Richard P. Carlton,
Former CEO, 3M Corporation
• Considered as perhaps most innovative
company of last century – Scotch, Post-it
www.InnovationMain.com
16. The Innovation Bootcamp
Leadership and Innovation
• Sam Walton, founder of Wal-Mart:
“I have always been driven to buck
the system, to innovate, to take
things beyond where they've
been.”
www.InnovationMain.com
17. The Innovation Bootcamp
Thomas Alva Edison – An Innovator
unlike any other
• quot;Genius is one per cent inspiration and
ninety-nine per cent perspiration.
Accordingly, a 'genius' is often merely a
talented person who has done all of his
or her homework.”
• The three things that are most essential to
achievement are common sense, hard
work and stick-to-it-iv-ness...
www.InnovationMain.com
18. The Innovation Bootcamp
Leonardo Da Vinci – An age-old
Innovator
• “There are three classes of people:
Those who see. Those who see
when they are shown. Those who do
not see.”
•Innovators foresee – Art,
Science & Experience
www.InnovationMain.com
19. The Innovation Bootcamp
Steve Jobs – Today’s Innovator
• “Innovation distinguishes between a
leader and a follower.”
• “Innovation has nothing to do with
how many R&D dollars you have…It’s
about the people you have, how
you’re led and how much you get it.”
www.InnovationMain.com
20. The Innovation Bootcamp
Steve Jobs – Today’s Innovator
• Leadership – Leader & Follower
• People – Culture – Co-creators
• Processes – How you’re led
• Comprehension – How much you get
it
Get it, Got it, Good!
www.InnovationMain.com
21. The Innovation Bootcamp
Six Ways to Find Innovation
#1
Stand in different
places
www.InnovationMain.com Chuck Palus and David Horth
22. The Innovation Bootcamp
Six Ways to Find Innovation
#2
Use the lenses of
other domains
www.InnovationMain.com Chuck Palus and David Horth
23. The Innovation Bootcamp
Six Ways to Find Innovation
#3
Ask powerful
questions
www.InnovationMain.com Chuck Palus and David Horth
24. The Innovation Bootcamp
Six Ways to Find Innovation
#4
Foster new
knowledge
www.InnovationMain.com Chuck Palus and David Horth
25. The Innovation Bootcamp
Six Ways to Find Innovation
#5
Create a visual verbal
journal
www.InnovationMain.com Chuck Palus and David Horth
26. The Innovation Bootcamp
Six Ways to Find Innovation
#6
Change the pace of
attention
www.InnovationMain.com Chuck Palus and David Horth
27. The Innovation Bootcamp
Three Takeaways
• Innovators see beyond the ordinary,
and yet have real common sense
• Innovations necessitate lots of failed
experiments & hard work to uncover the
latent customer need
• Innovations require processes to think
creatively, ideate and experiment
www.InnovationMain.com
28. The Innovation Bootcamp
The Innovation Index
• Founded in December 2006
• Weighted Index of the Top Innovative
Companies
• The Innovation Index is a performance
index of the Top 20 Innovators in North
America
• Correlates stock, business and innovation
performance
www.InnovationMain.com
29. The Innovation Bootcamp
Top 20 Innovators - 2008
3M Company Google
Amazon.com Hewlett-Packard
America Movil Intel
Apple IBM
AT&T Merck
Best Buy McDonald's
Cisco Systems Microsoft
Costco NIKE
eBay Research In Motion
General Electric Proctor & Gamble
www.InnovationMain.com
30. The Innovation Bootcamp
Top Global Innovators
• Business Models – Netflix News Corp Reliance HP
eBay Vodafone Apple Dell Web 2.0
• Products – Apple Sony Nintendo Microsoft Nokia TATA
RIM Honda 3M GM Audi Boeing Intel Samsung Daimler
Cisco Siemens Verizon
• Customer Experience – Google BMW Disney Virgin
McDonald’s Southwest Air Amazon Nike Costco
Singapore Air Facebook AT&T Target Starbucks
• Processes – Toyota GE HP P&G IBM Wal-mart Exxon
Mobil BP
Source: BusinessWeek
www.InnovationMain.com
Excludes Financials
32. The Innovation Bootcamp
The Innovation Index
• Innovation Index Performance (2006-07)
• Average of 67 innovations per Innovator
• 805 new and enhanced products
• 411 strategic collaborations & partnerships
• 95 new acquisitions
• Combined market cap grew by 11% to $2.23
trillion from $2.01 trillion in 2006, an average
increase of $11 billion per Innovator
www.InnovationMain.com
34. The Innovation Bootcamp
Top-Down Bottom-Up
Innovations Innovations
Management / Customers and
Source of ideas
Partners
Your Organization users
Internal resources, Deep
Drivers Innate
product, understanding of
need
positioning customer needs
Structured and Spontaneous and
Interaction
Open
managed non-linear
Go to the customer Invite customer to
Strategy
Co-creation
participate
Linear and strictly Emergent and
Processes Ordered
defined serendipitous Chaos
Communities,
Methods Market research,
crowdsourcing,
surveys, focus Web 2.0
peer-production,
groups
social media
Source: dicole.com
www.InnovationMain.com
35. The Innovation Bootcamp
Three Takeaways
• Top Innovators grow their business
even in tough economic times
• Top Innovators innovate through
new products, collaborations,
partnerships, and acquisitions
• Top Innovators increasingly learn
and leverage Bottom-Up approach
for new innovations
www.InnovationMain.com
36. The Innovation Bootcamp
Innovation Success
• Question:
• How do you measure
Innovation Success?
• What is the benchmark?
www.InnovationMain.com
37. The Innovation Bootcamp
Business Innovation Success
• An Innovation that produces at least 5% of
company's total revenue (up to equal
margins) within three years after
commercial launch, and grows to at least
15% of company's total revenue (with
equal or better margins) within eight years
of commercial launch is 100% successful.
www.InnovationMain.com
38. The Innovation Bootcamp
At least $500 million annual revenue or
Company A
5 years in business
Innovation ABC Launch
Time Within 3 years from Launch
Innovation Revenue At least 5% of company annual revenue
Innovation Margins Close to equal margins
FIRST MILESTONE Innovation ABC 50% Successful
REACHED
CONTINUE / EXPAND Innovation ABC Funding
Time Within 8 years from Launch
At least 15% of company annual
Innovation Revenue
revenue
Innovation Margins Equal or better margins
SECOND MILESTONE Innovation ABC 100% Successful
REACHED
FUND NEW INITIATIVES
www.InnovationMain.com
41. The Innovation Bootcamp
Three Takeaways
• Create metrics to benchmark
business innovation
• Measure the success of your new
innovations (don’t be mislead by PR)
• Create institutional memories to
repeat success and avoid same
mistakes
www.InnovationMain.com
43. Apple
• Apple Computer, Inc.
• or
• Apple, Inc.
• Question:
• What is Apple?
www.InnovationMain.com
44. The Innovation Bootcamp
Apple today
• “We’re armed with the strongest
product line in our history, the most
talented employees and the best
customers in our industry. And $25
billion of cash safely in the bank
with zero debt,” Steve Jobs, CEO of
Apple
www.InnovationMain.com Apple.com
45. The Innovation Bootcamp
Apple iPhone
Launched June 2007
Over 5 million sold in 1 year
Over 10 million sold in 2008
At $499 an iPhone
$2.5 Billion to $5 Billion in annual
Business. #3 Cellphone maker
Liftoff: 0 to $2.5 Billion+ in <1 year
www.InnovationMain.com Apple.com
46. The Innovation Bootcamp
How did Apple do it?
• Increase revenue more than 400% in 8
years and some…
• Increase net profit more than 650% in 8
years and still growing…
• Increase market cap more than ten times
to over $85 billion in 8 years and
counting…
www.InnovationMain.com
47. The Innovation Bootcamp
Innovation in Products
• Redefined Macintosh line of desktops and laptops
beginning with iMac in 1998 and iBook in 1999
• iTunes store and iPod player in 2001.
• Innovative Macintosh desktops and laptops with new
line of MacBook, Mac Pro and Mac Mini in 2006
• Smartphone revolution with iPhone in 2007 and
iPhone 3G in 2008
• Software innovation with OS X – Leopard, Safari, the
new App Store for iPhone / iPod touch apps
www.InnovationMain.com
48. The Innovation Bootcamp
Innovation in Business Model
• Apple created industry first business model
on iTunes store by offering music downloads
to consumers for only 99 cents a song
• Apple created strategic partnerships with
major music labels to get royalty per sale
• Apple expanded these partnerships to movie
studios and TV networks to offer movie
rentals, new movies and TV shows
www.InnovationMain.com
49. The Innovation Bootcamp
Innovation in Business Model
• Apple created an exclusive relationship with
AT&T in U.S. for the iPhone launch – a first!
• Apple obtained subscription payment from AT&T
from the monthly data plans – a first!
• Apple significantly expanded iPhone 3G
distribution by establishing carrier relationships
in over 70 countries – still exclusive with AT&T
www.InnovationMain.com
50. The Innovation Bootcamp
Innovation in Customer Experience
• Apple introduced Apple Retail Stores in 2001
• Over 200 stores worldwide including 8
countries outside the U.S.
• Theme: “Come to shop. Return to learn”
• All things Apple. Great experience.
• Apple sells Apple products and accessories
through Apple Online Store
• iTunes store: Music, Movies, TV, Apps
www.InnovationMain.com Apple.com
51. The Innovation Bootcamp
Innovation in Customer Experience
• Apple Retail Stores
• Highest sales per square foot
• Innovative storefront design
• Open, customer-friendly atmosphere with
highly knowledgeable sales reps
• Great customer experience
• Apple Online Store
• iTunes store - #1 Music Store + Movies, TV, Apps
www.InnovationMain.com Apple.com
52. The Innovation Bootcamp
iPod Opportunity
iTunes App Store potentially redefines iPod touch
into a hand-held gaming console and can
significantly expand Apple’s footprint into the
gaming market! Games are way cheap!
www.InnovationMain.com (source: Forbes)
53. • Advanced chemistry, intelligent monitoring of the
system and battery, and Adaptive Charging
technology to create a revolutionary new
notebook battery that delivers up to eight hours
of wireless productivity on a single charge and
up to 1,000 recharges without adding thickness,
weight or cost to the MacBook Pro’s incredible
design.* The longer battery lifespan equals
fewer depleted batteries and less waste, which
is better for the environment.
Apple.com
www.InnovationMain.com
54. The Innovation Bootcamp
How Apple Innovates?
• Establish Apple as the best COOL brand
• Marketing, Website, Retail stores, Products – Everything!!
• Envision & Create the best COOL products
• iPod, iPhone, MacBook, Air, Pro, Retail Stores..Next generation
• Deliver best-of-breed, highest quality products & service
• Precision, Performance, Design, Technology, Experience
• Capture emerging consumer landscapes & trends
• Media & Entertainment confluence, Entertainment + Hand-held
gaming consoles, Business & Leisure, Green, Software apps
• Grow the ecosystem of partners
www.InnovationMain.com
55. The Innovation Bootcamp
Apple – Top Innovator
• Innovation and Leadership
• Innovation in Products
• Innovation in Business Model
• Innovation in Customer Experience
• Innovation in People and Processes
www.InnovationMain.com
57. The Innovation Bootcamp
Business Model Innovation
• New Web 2.0 framework,
and the new Web 2.0
Business Models
www.InnovationMain.com
58. The Innovation Bootcamp
2.0
1.0
Web 2.0
• Strategic Shift – One way Interaction between
people and computers (websites), to Multi-way
Interactions between people and people, and
people and machines where people become
co-creators.
• People and networks share and co-create all
types of content, and provide context to business
processes. Biggest successes: Myspace,
Youtube, Facebook, Blogger, Wikipedia
www.InnovationMain.com
61. The Innovation Bootcamp
Web 2.0 business models
■ Create a large/focused niche user community (many)
■ Sell API access (Google)
■ Sell services to a large group of SMEs (Salesforce.com,
Citrix, NetSuite, Sugar CRM)
■ Sell data to partners (Facebook? :))
■ Get a revenue share from transactions (eBay)
■ Sell advertisements (MySpace, Google, Yahoo)
■ Sell value-added platform (Amazon Web Services)
■ Freemium - Sell premium memberships (Livejournal)
■ Sell your company (Youtube)
Source: dicole.com
www.InnovationMain.com
62. The Innovation Bootcamp
Types of Business Models
• •
Brokerage Affiliate
• •
Advertising Community
• •
Infomediary Subscription
• •
Merchant Utility
• Manufacturer
(Direct)
www.InnovationMain.com Source: Michael Rappa
63. The Innovation Bootcamp
Three Takeaways
• Web 2.0 is for real (just like eBusiness)
• Business must redefine itself to
embrace Web 2.0 for new innovations
• Processes to “open up” & “extend out”
to partners and build the network –
co-creation, participation, openness,
standards, decentralization, users
www.InnovationMain.com
65. The Innovation Bootcamp
SCAMPER examples
• Business Process Outsourcing – Substitute
• Apple iPhone, Smartphones – Combine
• Digg, RSS feeds, News subscriptions – Adapt
• MP3 Technology and MP3 Players – Minimize
• Online Super Stores – Magnify
• Grocery Store Check Out Receipt – Put to other uses
• Standard versions of Software and Trials – Eliminate
• Department Stores – Rearrange
www.InnovationMain.com
66. The Innovation Bootcamp
SCAMPER Problem
• iTunes Store: New business model of
69 cents, 99 cents, $1.29 for songs
• What could have Apple done
differently?
• Substitute, Combine, Adapt,
Minimize, Magnify, Put to other Uses,
Eliminate, Reverse, Rearrange
www.InnovationMain.com
67. The Innovation Bootcamp
Key Takeaways
• Successful Innovations accelerate & grow business,
and provide sustainable competitive advantage
• I can be an Innovator – Learn, Learn, Learn
• Questions, Institutional memory, Mistakes,
Common sense, Hard work, Six ways, Bottom-Up,
Creativity Tools, Successes – Never give up!
• Build an Innovation Factory e.g. Apple
• Products, Design, Experience, People, Culture,
Processes, Partners, Networks, Web 2.0
www.InnovationMain.com
68. The Innovation Bootcamp
Questions?
• Creativity begins with asking questions…
• Innovation happens when you find
answers…
• No questions, no answer
• More questions, better answer
• “The important thing is never to stop
questioning.” - Albert Einstein
www.InnovationMain.com
69. The Innovation Bootcamp
Contact Us
Main: 1-877-904-6660
Fax: 1-949-861-9320
info@innovationmain.com
www.InnovationMain.com
Creativity And Innovation Driving Business
www.InnovationMain.com