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Tiger by the Tail
Innovation 102
Presentation By - Dagmawi B. Degefe
No Companies Description Sector
1 Erk Mead Radio Show Health Care
2 Rohobot Health Care Services Door to door nursing services Health Care
3 Wow Peanut Butter Production Peanut Butter Production/Distribution Food & Beverage
4 Elelan Leathers Bags, Belts, Jackets, and Shoes Clothing and Fashion
5 Rama Solutions Marketing for NGOs Event and Marketing
6 Celavie Burgers Burger and Chicken Food & Beverage
7 Tebita Ambulance Ambulance Services and Trainings Health Care
8 Gaber Garment Bulk clothing and uniforms stitching Clothing and Fashion
9 Meklit.me Design Prints for diasporas Clothing and Fashion
> 1,000,000 ETB
YOU MUST HAVE DONE SOMETHING
RIGHT?
Tiger by the Tail!!!
Today’sSuccessistheenemyofTomorrow’sSuccess!
What did YOU do RIGHT?
#ValueManagement
What are YOU doing WRONG?
#WasteManagement
THERichCOUPLE
What did THEY do WRONG?
What did THEY do WRONG?
They Did Nothing Wrong
They were Busy Managing Daily Business
Missed the moment to Rethink/Missed out on the Radical Innovation
INNOVATION!!!
Do You think Your Company is
Innovative Enough?
The Innovation Myths
1. Innovation = New Ideas
2. Success = Innovation = Investment [R]
3. Innovation = Technology
The Innovation Truth
1. Almost 0 New Ideas were a Success
2. Not-Invented Here Syndrome
3. 15/25 Innovation Firms, BM Inno.
Innovation
What it’s not ONLY about
• New Technology
• Excessive R&D
• New Ideas
What’s it’s About
• Exploring, Rethinking and
Recombining the Way You Do Your
Business
• LEARNING
Learning
TheIllusionofWisdomgap
TruthisalwaysRelative
Assumption
Reality
Learning
Reinvest
You take
Home
Profit
Reinvest
You take
Home
Learn Profit
Understanding INNOVATION!!!
4I
1. INITIATION
Analyze Your Business
• Data
• Numbers
• Reactions
• Incidents
3 1
1 3
2 2
3 1
2 2
2 2
4 0
2 2
2 2
3/4 1/4
1/4 3/4
2/4 2/4
3/4 1/4
2/4 2/4
2/4 2/4
4/4 0/4
2/4 2/4
2/4 2/4
Good
Needs Improvement
Needs Improvement
Good
Needs Improvement
Needs Improvement
Very Good
Needs Improvement
Needs Improvement
No Companies Cyber Presence
1 Erk Mead Good
2 Rohobot Health Care Services Needs Improvement
3 Wow Peanut Butter Production Needs Improvement
4 Elelan Leathers Good
5 Rama Solutions Needs Improvement
6 Celavie Burgers Needs Improvement
7 Tebita Ambulance Very Good
8 Gaber Garment Needs Improvement
9 Meklit.me Needs Improvement
N
o
Companies Cyber Presence Cyber Absence
1 Erk Mead Sector Dominance Presence,
Social Media Presence,
3rd Party Accredit Presence
Direct Presence
2 Rohobot Health Care
Services
Direct Presence, Sector Dominance Presence,
3rd Party Accredit Presence,
Social Media Presence
3 Wow Peanut Butter
Production
Direct Presence,
Social Media Presence
Sector Dominance Presence (Ambiguity),
3rd Party Accredit Presence,
4 Elelan Leathers Direct Presence,
Social Media Presence
3rd Party Accredit Presence
Sector Dominance Presence (High Competition)
Note – This is more important for some compared to the other
N
o
Companies Cyber Presence Cyber Absence
5 Rama Solutions Direct Presence,
3rd Party Accredit Presence,
Sector Dominance Presence (Ambiguity),
Social Media Presence
6 Celavie Burgers Direct Presence,
Social Media Presence
Sector Dominance Presence (High Competition),
3rd Party Accredit Presence
7 Tebita Ambulance Direct Presence,
Social Media Presence,
Sector Dominance Presence,
3rd Party Accredit Presence
8 Gaber Garment Social Media Presence,
3rd Party Accredit Presence
Direct Presence,
Sector Dominance Presence (High Competition),
9 Meklit.me Social Media Presence,
3rd Party Accredit Presence
Direct Presence (Ambiguity),
Sector Dominance Presence (High Competition),
Note – This is more important for some compared to the other
2. IDEATION
Creating Assumptions
1. Creative Imitation
2. Design Thinking
3. Game Thinking
Creative Imitation
• How do others run their business and how would it change this business if it
was done that way
Products/Services
• Innovate WHAT you do
Process
• Innovate HOW you do
People
• Innovate Who does your job
Paradigm
• Innovate Your Position
Paradigm
• Innovate Your Position
• Innovate Your Business Model
3. INTEGRATION
IT SHOULD SEEM
Should Work together with the existing system
IT SHOULD BE
Should Work separate from the existing system
4. IMPLEMENTATION
• TEST
• PEOPLE!!! (70%)
• Collect Data
• Numbers
• Reactions
• Incidents
What did YOU do RIGHT?
#ValueManagement
What are YOU doing WRONG?
#WasteManagement
THANK YOU VERY VERY MUCH
#SeeYouAtTheTop

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Innovation 102 - Tiger by the Tail

  • 1. Tiger by the Tail Innovation 102 Presentation By - Dagmawi B. Degefe
  • 2. No Companies Description Sector 1 Erk Mead Radio Show Health Care 2 Rohobot Health Care Services Door to door nursing services Health Care 3 Wow Peanut Butter Production Peanut Butter Production/Distribution Food & Beverage 4 Elelan Leathers Bags, Belts, Jackets, and Shoes Clothing and Fashion 5 Rama Solutions Marketing for NGOs Event and Marketing 6 Celavie Burgers Burger and Chicken Food & Beverage 7 Tebita Ambulance Ambulance Services and Trainings Health Care 8 Gaber Garment Bulk clothing and uniforms stitching Clothing and Fashion 9 Meklit.me Design Prints for diasporas Clothing and Fashion > 1,000,000 ETB
  • 3. YOU MUST HAVE DONE SOMETHING RIGHT?
  • 4. Tiger by the Tail!!! Today’sSuccessistheenemyofTomorrow’sSuccess!
  • 5. What did YOU do RIGHT? #ValueManagement
  • 6. What are YOU doing WRONG? #WasteManagement
  • 8.
  • 9. What did THEY do WRONG?
  • 10. What did THEY do WRONG? They Did Nothing Wrong
  • 11.
  • 12. They were Busy Managing Daily Business Missed the moment to Rethink/Missed out on the Radical Innovation
  • 14. Do You think Your Company is Innovative Enough?
  • 15. The Innovation Myths 1. Innovation = New Ideas 2. Success = Innovation = Investment [R] 3. Innovation = Technology
  • 16. The Innovation Truth 1. Almost 0 New Ideas were a Success 2. Not-Invented Here Syndrome 3. 15/25 Innovation Firms, BM Inno.
  • 17. Innovation What it’s not ONLY about • New Technology • Excessive R&D • New Ideas What’s it’s About • Exploring, Rethinking and Recombining the Way You Do Your Business • LEARNING
  • 21. 4I
  • 22. 1. INITIATION Analyze Your Business • Data • Numbers • Reactions • Incidents
  • 23. 3 1 1 3 2 2 3 1 2 2 2 2 4 0 2 2 2 2 3/4 1/4 1/4 3/4 2/4 2/4 3/4 1/4 2/4 2/4 2/4 2/4 4/4 0/4 2/4 2/4 2/4 2/4 Good Needs Improvement Needs Improvement Good Needs Improvement Needs Improvement Very Good Needs Improvement Needs Improvement
  • 24. No Companies Cyber Presence 1 Erk Mead Good 2 Rohobot Health Care Services Needs Improvement 3 Wow Peanut Butter Production Needs Improvement 4 Elelan Leathers Good 5 Rama Solutions Needs Improvement 6 Celavie Burgers Needs Improvement 7 Tebita Ambulance Very Good 8 Gaber Garment Needs Improvement 9 Meklit.me Needs Improvement
  • 25. N o Companies Cyber Presence Cyber Absence 1 Erk Mead Sector Dominance Presence, Social Media Presence, 3rd Party Accredit Presence Direct Presence 2 Rohobot Health Care Services Direct Presence, Sector Dominance Presence, 3rd Party Accredit Presence, Social Media Presence 3 Wow Peanut Butter Production Direct Presence, Social Media Presence Sector Dominance Presence (Ambiguity), 3rd Party Accredit Presence, 4 Elelan Leathers Direct Presence, Social Media Presence 3rd Party Accredit Presence Sector Dominance Presence (High Competition) Note – This is more important for some compared to the other
  • 26. N o Companies Cyber Presence Cyber Absence 5 Rama Solutions Direct Presence, 3rd Party Accredit Presence, Sector Dominance Presence (Ambiguity), Social Media Presence 6 Celavie Burgers Direct Presence, Social Media Presence Sector Dominance Presence (High Competition), 3rd Party Accredit Presence 7 Tebita Ambulance Direct Presence, Social Media Presence, Sector Dominance Presence, 3rd Party Accredit Presence 8 Gaber Garment Social Media Presence, 3rd Party Accredit Presence Direct Presence, Sector Dominance Presence (High Competition), 9 Meklit.me Social Media Presence, 3rd Party Accredit Presence Direct Presence (Ambiguity), Sector Dominance Presence (High Competition), Note – This is more important for some compared to the other
  • 27. 2. IDEATION Creating Assumptions 1. Creative Imitation 2. Design Thinking 3. Game Thinking
  • 28. Creative Imitation • How do others run their business and how would it change this business if it was done that way
  • 29.
  • 32. People • Innovate Who does your job
  • 34. Paradigm • Innovate Your Position • Innovate Your Business Model
  • 35.
  • 36. 3. INTEGRATION IT SHOULD SEEM Should Work together with the existing system IT SHOULD BE Should Work separate from the existing system
  • 37. 4. IMPLEMENTATION • TEST • PEOPLE!!! (70%) • Collect Data • Numbers • Reactions • Incidents
  • 38.
  • 39. What did YOU do RIGHT? #ValueManagement
  • 40. What are YOU doing WRONG? #WasteManagement
  • 41. THANK YOU VERY VERY MUCH #SeeYouAtTheTop