Innovating Innovation

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],What is innovation? Innovation is doing NEW things in order to achieve desired results Setting Goals Expanding Options Selecting Projects Implementing Changes Achieving Value

Where is it needed? If the question is “how the hell do we … ?” then the answer is probably “Innovation”! EXCO CEO Directors Managers Troops What difficult challenge are YOU facing? ,[object Object],[object Object],[object Object],[object Object],[object Object]

What is your focus? ,[object Object],[object Object],[object Object],[object Object],The Offering Lifecycle Growth Time Performance Expectations Continuous Innovation Source: Standard “S-Curve” model – origin unknown How to find, select and implement new business value streams?

It’s difficult ! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Major Bank: had to stop innovating – or radically change organisation!

Can you ? ,[object Object],[object Object],[object Object],[object Object],[object Object],Few corporates are well-suited to internal innovation! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],We can ! Using the best capabilities available to achieve value together Advisory & assistance projects Entrepreneurial projects Implementation Strategy Ideation Operations VALUE identifying better business models deciding which are the BEST ones managing the process from idea 2 value migrating to new activities, systems, etc Consulting Ventures

We can do innovation process Solution Options Project Selection Strategic & Operational Context Staged assessment & selection of potential change projects Typical Innovation Offering Radical Innovations Delivery Projects Budget & resource allocation; Project portfolio management; Project capabilities resourcing; Progress monitoring & control; Project business case achievement Offering Evolution Delivery Projects Maintenance & Enhancement Delivery Projects Projects you want to do & can do now (based on risk & capacity) Projects you want to do but can’t do now (because of risk &/or capacity) Best Practice: Separate Innovation Processes, Portfolios & Resource Pools Advanced Innovation Offering Creative thinking Organisational facilitation Opportunity identification Market & customer insight Strategic insight Operations insight Problem Prioritisation Vision, foresight Strategy, criteria Goals, targets, budgets, metrics Consulting

We can deliver innovation value Client Innovation Project Portfolio Projects client would do anyway Colour code by risk status Greater innovation capacity – at lower cost & risk to client ,[object Object],[object Object],[object Object],Projects owned and controlled by client; Accessing Wattbox Network capabilities & resources Projects undertaken jointly by client and Wattbox Network members as “external” ventures Projects undertaken by client in-house

Get Wattbox on YOUR team! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Email: [email_address] Website: www.wattbox.co.za

Innovating Innovation

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (10)

Similar to Innovating Innovation

Similar to Innovating Innovation (20)

Recently uploaded

Recently uploaded (20)

Innovating Innovation