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Innovation - GEW Qatar 2014
The document discusses the concept of innovation, highlighting its distinction from invention and its significance in economic growth. It provides examples, such as the evolution of the zipper, and addresses various forms and myths of innovation. The importance of collaboration, time, and effort in the innovation process is emphasized as essential for creating value and improving quality of life.
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Innovation - GEW Qatar 2014
- 1. INNOVATION Workshop EmadSaif Center For Entrepreneurship, Qatar University
- 2. INNOVATION INNOVATION Lessons… Innovation? Why Innovate? Myths!
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- 5. Something New EconomicGrowth Inventors Entrepreneurs Technology Research Creating Value Ideas Money $ COOL! Products & Services BIG COMPANIES Art Culture
- 6. “Implementing new ideasthat create value” INNOVATION is … - Innovation Network, USA
- 7. So how is INVENTION ? INNOVATION different than
- 8. INVENTION Creating somethingnew INNOVATION Placing product/service in a new context to create value Cycles
- 10. Example The Storyof the Zipper • Elias Howe Patent for “Automatic Continuous Clothing Closure” • Focused on sewing machine invention 1851 • Sundbäck received patent for "Separable Fastener” & manufactured at UFC • B. F. Goodrich Company used it on its rubber boots & tobacco pouches • Renamed the device “Zipper” 1917 • Defeated the “button” for promoting self-reliance for children & ease of use • Zipper started being used in clothes & fashion 1937 • Became a standard in clothing, luggage & leather goods • Most recent innovation of zippers opens from both ends Today • Judson invented “Clasp Lockers” • Walker, a business man helped him build “Universal Fastener Company” (UFC) & Judson improves design to “C-curity” 1893
- 11. Forms of Innovation Product Process Service Value Business Model Market
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- 13. INNOVATE the PIZZA! Product Business Model Value Market Services Process Innovate your pizza business using any form(s) of innovation How it generates revenue? What’s the idea & form(s) of innovation? What value is added to customer? 1 2 3 DELIVERABLES:
- 15. • http://www.youtube.com/watch?feature=player_embedded&v=xT7zP-rT3kQ • http://qz.com/170463/this-is-the-worlds-best- designed-pizza-box/ World’s Best Designed Pizza Box
- 16. Disruptive Innovation NewMarket Existing Market Existing Technology New Technology Incremental/Sustaining Innovation Disruptive Innovation Disruptive Innovation Breakthrough Innovation MARKET TECHNOLOGY
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- 21. MYTH #1: Momentof Epiphany
- 22. Accumulated observations andtrial & error
- 23. WD-40 = Waterdisplacement 40th attempt
- 24. MYTH #2: TheLone Inventor Thomas Edison (1847-1931)
- 25. Previous Inventions ChosenHero Invention from inspiration & collaboration
- 26. MYTH #3: Methodfor Innovation
- 27. CUSTOMERS MARKET PROTOTYPE SUPPLIERS IDEA INDUSTRY REGULATIONS LUCK TECHNOLOGY FUNDING INTELLECTUAL PROPERTY MARKETING INVESTORS TEAM TIMING Innovation is experimental & non-methodological
- 28. MYTH #4: AllInnovation is Good Alfred Nobel (1833-1896)
- 29. Safer Explosives inMining War Destruction Innovation creates value, but to whom?!
- 30. MYTH #5: PeopleAdopt New Ideas Galileo Galilei (1564-1642)
- 31. INNOVATION Rejection Adoption • Fear of trying new things • Costly to change • Politics • Time (20+ years) • Early Adopters • Solves their problem • Majority of Users • Proven to work People naturally resist change
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- 33. Economic Growth Innovationcreates economic growth
- 34. Creates better products& services
- 35. Increases productivity &lowers cost
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- 37. Reduces waste inthe environment
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- 39. Engages employees &unleashes creativity
- 40. Incubators & Accelerators& Innovation Centres
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- 42. Innovation offers valueto customers in return for a reward
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- 47. Innovation needs love& faith
- 48. Read more aboutinnovation …
- 49. “Never doubt thata small group of thoughtful, committed people can change the world.” Margaret Mead
- 50. THANK YOU! EmadSaif Center for Entrepreneurship QATAR UNIVERSITY emadsaif@qu.edu.qa