The document discusses fostering inclusive innovation at IIT-J. It provides examples of inclusive innovation projects from around the world that create affordable access to goods and services for those at the base of the economic pyramid. These examples show how innovation can lead to dramatic reductions in the cost of products and services through technological, business process, and other types of innovations. The document advocates that IIT-J can become leaders in this area by incubating inclusive innovation ideas and helping scale them to have a large social impact.
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Presenting in partnership with United Way Central Alberta in Red Deer, SiG National Executive Director, Tim Draimin, explores social innovation: what it is, why it is important, and the opportunity for Alberta to become a social innovation leader.
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As we enter the new year, a new strategy, focus or mindset is often required. In a few years time, the impending onslaught of digital and intelligent tech like AI, robotics, autonomous vehicles, blockchain, VR/AR, voice personal assistants and IoT will create a perfect storm for innovation and disruption. Due to this threat of technological and digital disruption, many organisations are undergoing digital transformation, building an innovative culture and exploring blue ocean businesses.
Companies in this creative journey frequently find that while strategy and leadership are important, the biggest inertia and obstacle is culture and individual mindsets. According to McKinsey, Cultural and Behaviour Challenges (33%) is the most formidable challenge to digital transformation (article). Similarly, in a Cap Gemini report, Culture (62%) is ranked as the top hurdle to digital transformation (article). In Nov 2017, Harvard Business Review piece emphasizes the need for CEOs to think like founders and not mere managers (article).
To address this critical gap, we have specially developed the MINDSET 4.0 Now! program for various types of organisations (MNCs, government agencies, local enterprises) in a variety of sectors (from financial services, retail, FMCG, healthcare, real estate, telecoms, technology, manufacturing, logistics, etc) for senior, middle and promising talent (CXOs to mid-level managers). Objective of program is to quickly inculcate and internalise the Innovator's Mindset in your leaders and talent and unlock their potential to be creative catalyst in your organisation's future.
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1. Fostering Inclusive Innovation at IIT-J
• Inclusive Innovation
• Context
• Examples
• Idea in brief
• IIT-J as Change Masters
Mahendra
Bapna
Harvard
Advanced
Leadership
Fellow
2012
Former
CEO
Two
Tata
Enterprises,
Tata
Motors
subsidiary
companies-‐HV
Axles
and
HV
Transmissions
Currently
EducaLon
Consultant
mlbapna@gmail.com
+91
9799776555
Lecture
at
IIT-‐Rajasthan
on
5
December
2013
1
th
2. INCLUSIVE INNOVATION
• Frugal innovation
• reverse innovation,
• Gandhian Innovaion
• More for Less for More people (MLM)
“Inclusive innovation is any innovation that leads to
affordable access of quality goods and services creating
livelihood opportunities for the excluded population
primarily at the base of pyramid and on a sustainable
basis with a significant outreach”.
2
3. Inclusive Innovation is achieved through
•
•
•
•
•
•
•
•
Technological Innovation
Business Process Innovation
Work Flow Innovation
Delivery System Innovation
Research Process Innovation
Organizational Innovation
Grassroots Innovation
Policy Innovation
3
5. CONTEXT: GLOBAL COMPETITIVENESS AND GDP
ü India’s population is 1.2 Billion
ü GDP is $ 1.8 Trillion
ü GDP per capita is $1400
ü GDP per capita (PPP Adjusted) is $3800
ü 400 Million people live below $2 a day
ü Rankings on the ease of doing business 132/183
ü Rankings on Starting a new business rank 166/183
ü Global Competitiveness Index 2011-2012 ranking 56/142
5
6. Who are these Poor people? & Why are they poor?
400
million
people
live
below
$
2
a
day.
Who
are
these
people?
They
are
farmers
and
factory
workers,
drivers,
construcLon
labor,
domesLcs.
They
typically
pay
for
criLcal
goods
and
services
like
water,
like
healthcare,
like
housing,
and
they
pay
30
to
40
Lmes
what
their
middleclass
counterparts
pay.
They
are
always
under
debts.
Of
that
240
million
are
farmers
only.
Over
2000
farmers
commit
suicide
each
year.
6
10. HELP CHANGE THE RULES THAT
CREATE INEQUALITY AND POVERTY
How
the
world’s
$223
Trillion
is
distributed.
A
vast
majority
have
pracLcally
nothing.
Nothing
to
educate
their
children.
Nothing
to
pay
for
basic
medicines.
But,
the
1%
rich
people
have
more
then
43%
of
the
world’s
wealth
The
richest
300
people
on
earth
have
as
much
wealth
as
the
poorest
3
billion.
This
is
no
accident;
those
in
power
write
the
rules.
Together,
we
have
the
power
to
change
those
rules.
10
13. Critical thinking-US incubation programs assisted more than 30,000 companies last year
that provided employment for more than 100,000 workers and generated annual revenues of $17
billion
• Global Social Entrepreneurship
Competition (GSEC) at the
University of Washington’s Foster
School of Business
• Critical analytical thinking at
Rotman
• Center for Social Entrepreneurship
at Stanford
• Design Works at Stanford
• i.Lab at Harvard
• Design Thinking at Harvard
• IDEO –Tim Brown
• Acumen-Jacqueline
• Media lab at MIT
13
16. •
•
•
•
450
New
born
Babies
die
every
hour
Incubators
cost
US
$
25000/-‐
Our
Villages
have
no
electri
city
Embrace
innovated
low
cost
soluLon
for
the
developing
world
29. Medium
One
Hundredth
A
tenth
RelaLve
Decrease
in
Cost
of
the
Product
High
Half
Low
Low
Efficient
RelaLve
Decrease
in
Cost
of
the
innovaLon
process
DramaLcally
29
reduced
