Be inspired to innovate, innovate to stay relevant. These were some of the main themes in Cynthia's presentation
Complete with numerous examples of how innovation can be actuated both from a personal and organisational standpoint. Cynthia reminded us that innovation is a process and not merely an outcome
The Importance of Innovation for SMEs
Innovation is not Invention.
Everyone and every business can innovate.
Innovation is renewing, changing or creating more effective processes, products or ways of doing things. So for a small business, innovating might well be just having the thought process and courage to try a new marketing strategy or tool, it could be to implement a CRM system or to try a new sales approach. These might not be ground breaking or world firsts (very few things are), but for a small business (and big ones at that) this is innovation.
Why innovate?
Being innovative is key to the success of a small business. Without innovation it is very likely that a small business will fail. This is because if a business is not growing then it is dying. As Einstein said – “The definition of insanity is doing the same thing over and over again and expecting a different result”.
Innovation Everywhere For Manufacturing + Servicesgamechange
Gamechange LLC helped Premier Mfg. Services to share and promote its innovation strategy with slides that simplified definitions and goals. This 'intro to innovation' details how any company can excel and accelerate growth.
Enterpreneurship opportunity in it[Nigeria]Obi David
With the fast rate of development in ICT, so many Africa countries continue to merry in the "Dark Age".
ICT is so big and wide to solve un-employment in any Nation.
Since apple establishment in 1975
apple is changing the world as we
normally know. In this paper we are analysis Apple continues innovation practices including organization culture.
The Importance of Innovation for SMEs
Innovation is not Invention.
Everyone and every business can innovate.
Innovation is renewing, changing or creating more effective processes, products or ways of doing things. So for a small business, innovating might well be just having the thought process and courage to try a new marketing strategy or tool, it could be to implement a CRM system or to try a new sales approach. These might not be ground breaking or world firsts (very few things are), but for a small business (and big ones at that) this is innovation.
Why innovate?
Being innovative is key to the success of a small business. Without innovation it is very likely that a small business will fail. This is because if a business is not growing then it is dying. As Einstein said – “The definition of insanity is doing the same thing over and over again and expecting a different result”.
Innovation Everywhere For Manufacturing + Servicesgamechange
Gamechange LLC helped Premier Mfg. Services to share and promote its innovation strategy with slides that simplified definitions and goals. This 'intro to innovation' details how any company can excel and accelerate growth.
Enterpreneurship opportunity in it[Nigeria]Obi David
With the fast rate of development in ICT, so many Africa countries continue to merry in the "Dark Age".
ICT is so big and wide to solve un-employment in any Nation.
Since apple establishment in 1975
apple is changing the world as we
normally know. In this paper we are analysis Apple continues innovation practices including organization culture.
By training social innovators of the future, MIT ID Innovation aims to help the most pressing global challenges. Enroll for the Social Innovation Course now.
To know more details, visit us at : https://mitidinnovation.com/courses/social-innovation/
18 minutes to innovation a Canadian guide to powering up your business with I...John Leonardelli
The purpose of this guide is to provide a framework that anyone can use to create an act of innovation. Anyone in business, education, health care, or governments, can take the first step to becoming innovative. It is the innovation that drives our economy and can affect positive change in our society.
Make the decision to sit down and 18 minutes from now start on the process of creating an act of innovation.
Technology is one of the dominated factors in the present day industrial establishment. Application of technology is transformed into technology based business play a key role in the entrepreneurship. Technopreneurship it is a simple entrepreneurship in a technology intensive context. It is a process of merging technology prowess and entrepreneurial talent and skills. Technopreneurship is one of the emergent concepts in the topical developments in business particularly in developing countries. This paper makes an attempt to disclose the conceptual background of the Technopreneurship.
Slides presented by Prof. Rishikesha Krishnan at CIO Leadership Summit at Hotel Movenpick on April 26, 2013. It gives an overview of the book "8 steps to innovation: Going from jugaad to excellence" by Vinay Dabholkar and Rishikesha Krishnan.
Slide deck from a two day workshop for a multinational company in Shanghai on Innovation and Innovation Management, utilizing HBR Case Studies of Google, Apple and others introducing basic conceptions of innovation, the innovation value chain and entrepreneurship. Main goal of this workshop to create a mind shift from idea generation towards idea conversion and commercialization of products. Especially pointing out the importance of proper political and strategic support in the organization.
Old Product, New Tricks: Encouraging Innovation in an Established Product Cul...Aggregage
Innovation is both a process and an outcome. The best way to begin innovating your products is by innovating your internal process. We'll explore the challenges, solutions, and hands-on techniques for becoming a successful "agent of change" within a well-established product culture. We'll examine the importance of UX and user-centric feature analysis, the adaptation of Agile Methodologies to the creative process, as well as a way to drive successful culture change for setting expectations and winning approvals with cross-functional stakeholders.
Innovation and Leadership go hand in hand. Join Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies, as we assess some case studies to see how to lead with a clear strategy well-defined tactics, and an unbiased understanding of the fundamental question: "why are you innovating?"
The core of innovation: Empathy and Experiment伯方 蘇
This is a talk for IT Next 2015 by HC, Joe and Kaba.
Whether it's radical innovation or incremental innovation you are looking for, empathy and experiment are always the core of what you need to do. And the space and culture are also very important for making the magic happen. The USER model, User & Empathy, Space & culture, Experiment and Repeat, is the way we think could really foster innovation.
Design Thinking and Innovation at Apple IncSHREYANSH VATS
The following presentation is based on a case on Apple Inc about how Apple goes about implementing innovation and design thinking at their firm, and how there's a shift with the arrival of Tim Cook. The case was a part of our course called BusinessInnovation in New Environment (BINE)
By training social innovators of the future, MIT ID Innovation aims to help the most pressing global challenges. Enroll for the Social Innovation Course now.
To know more details, visit us at : https://mitidinnovation.com/courses/social-innovation/
18 minutes to innovation a Canadian guide to powering up your business with I...John Leonardelli
The purpose of this guide is to provide a framework that anyone can use to create an act of innovation. Anyone in business, education, health care, or governments, can take the first step to becoming innovative. It is the innovation that drives our economy and can affect positive change in our society.
Make the decision to sit down and 18 minutes from now start on the process of creating an act of innovation.
Technology is one of the dominated factors in the present day industrial establishment. Application of technology is transformed into technology based business play a key role in the entrepreneurship. Technopreneurship it is a simple entrepreneurship in a technology intensive context. It is a process of merging technology prowess and entrepreneurial talent and skills. Technopreneurship is one of the emergent concepts in the topical developments in business particularly in developing countries. This paper makes an attempt to disclose the conceptual background of the Technopreneurship.
Slides presented by Prof. Rishikesha Krishnan at CIO Leadership Summit at Hotel Movenpick on April 26, 2013. It gives an overview of the book "8 steps to innovation: Going from jugaad to excellence" by Vinay Dabholkar and Rishikesha Krishnan.
Slide deck from a two day workshop for a multinational company in Shanghai on Innovation and Innovation Management, utilizing HBR Case Studies of Google, Apple and others introducing basic conceptions of innovation, the innovation value chain and entrepreneurship. Main goal of this workshop to create a mind shift from idea generation towards idea conversion and commercialization of products. Especially pointing out the importance of proper political and strategic support in the organization.
Old Product, New Tricks: Encouraging Innovation in an Established Product Cul...Aggregage
Innovation is both a process and an outcome. The best way to begin innovating your products is by innovating your internal process. We'll explore the challenges, solutions, and hands-on techniques for becoming a successful "agent of change" within a well-established product culture. We'll examine the importance of UX and user-centric feature analysis, the adaptation of Agile Methodologies to the creative process, as well as a way to drive successful culture change for setting expectations and winning approvals with cross-functional stakeholders.
Innovation and Leadership go hand in hand. Join Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies, as we assess some case studies to see how to lead with a clear strategy well-defined tactics, and an unbiased understanding of the fundamental question: "why are you innovating?"
The core of innovation: Empathy and Experiment伯方 蘇
This is a talk for IT Next 2015 by HC, Joe and Kaba.
Whether it's radical innovation or incremental innovation you are looking for, empathy and experiment are always the core of what you need to do. And the space and culture are also very important for making the magic happen. The USER model, User & Empathy, Space & culture, Experiment and Repeat, is the way we think could really foster innovation.
Design Thinking and Innovation at Apple IncSHREYANSH VATS
The following presentation is based on a case on Apple Inc about how Apple goes about implementing innovation and design thinking at their firm, and how there's a shift with the arrival of Tim Cook. The case was a part of our course called BusinessInnovation in New Environment (BINE)
Nossa missão é contribuir para uma sociedade mais justa, igualitária e humanizada pela influência do amor cristão,impactando e objetivando positivamente a multiplicação destas por outros seguimentos a fim de que influenciemos na conquista do bem estar mundial.
How do you build a social organization? We're not talking about tweeting and posting updates on Facebook. We're talking about an organization that collaborates internally using an enterprise social network (ESN). An ESN is an internal platform designed to foster collaboration, communication, and knowledge sharing among employees.
If your company doesn’t use an ESN, consider more than 90 percent of Fortune 500 companies partially or fully implemented an enterprise social network by the end of 2013, according to Deloitte analysis. This is a 70 percent increase over 2011.
We live in an age where marketing has been undergoing radical changes at such a rate that we’re still developing the best ways to accomplish work successfully. Each of the major aspects of digital marketing has developed in their own silos. Now we can gain enormous economies and efficiencies through more internal collaboration and by tearing down those silos.
In this webinar, our panelists will share:
-Company cultures that support information sharing and collaboration.
-How to identify which business areas can benefit from increased communication.
-Tips on choosing software for your company’s, department’s, and team’s needs.
-Social networks aimed at businesses.
-Ways to improve participation in enterprise social networks.
Infusionsoft Socially Enabled Internal Communication ProposalKimberle Morrison
We're growing and needed a more effective and scalable way to communicate internally. This presentation outlines our process and the rationale behind how and why we decided to go with a socially enabled system for communication and collaboration
Slides of the lecture "Web-based business models" taught by Eduardo Larrain at HEC, a French business school (Strategic Management Master) and for web professionals during workshops
1 - Let’s all talk the same language!
- What’s the web?
- What’s a business model?
- What’s a startup?
2 - What are the key elements of a business model?
- Value proposition and revenue streams
- How’s the music, video games and book publishing industries going?
- Customer channels, customer relationships, key partners, activities, resources, cost structure
3 - What are the business models of Internet heavyweights publicly traded?
- Google (139), Facebook (148), Twitter (161), Linkedin (167), Groupon (172)
4 - What are the business models of the most valuable web-based companies privately owned?
- What is Crowdfunding? Kickstarter (182), Wiseed (187) and Prosper (189)
- What is the Internet of Things? Breathometer (194), Sen.se (196), Nest (199) and Akimo (201)
- What is the sharing economy? Uber (208), Blablacar (211) and Airbnb (214)
- LaRuchequiditoui (218), ZocDoc (220), SnapChat (222)
Conclusion and farewell
Mobile web africa 2012 presentation loren treismanLoren Treisman
Presentation delivered by Dr Loren Treisman at Mobile Web Africa 2012 in Johannesburg. This presentation focuses on tech innovation hubs, social tech projects in the health, agriculture and democracy space, the impact of both hubs and social projects, with case studies from Indigo Trust's grantees as well as a role for Foundations and the private sector in supporting this work.
Presentation at Strategic HR Network Annual Congress on The Future of Work. The Future of Work is Social, Collaborative and Connected.
Examining how employee behaviours at work are being shaped by wider consumer technology trends and social media
- Harnessing the power of social technology to build collaboration, connection and enterprise networks
- Implications for leadership within the organisation
Finding the Business Value in Social Software and Social MediaYvette Nanasi
A presentation reviewing the power and opportunity of utilizing social software and social media tools to build your brand and build knowledge capacity within your business.
Digital transformation and what you can learn from SchibstedTori.fi
We live and breathe digital transformation in Schibsted and tori.fi. What you can learn from us, but also consider as principles to discuss about this in your business. We are sharing 10 principles we believe in digital game. If interested more, check http://schibsteddigital.com
HR Webinar: Technology Opens New Paths for HR and BusinessAscentis
Technology is EVERYWHERE! We see it in our work, in our personal lives, and certainly in HR. But can technology help HR guide and align the workforce to organization goals? Employers, HR, and workers will experience the newest technologies soon, can HR leverage it to the betterment of the organization’s culture?
Join us for a look into the trending technologies that are allowing HR to build new paths to workforce development and engagement.
We will examine the connection between the organizational directives, how the workforce can accomplish those goals through continuing collaboration and innovation, and how HR can be the change agent, using technology, to impact the working and personal lives of the worker. We will look into the life cycle of the worker and discuss the various technologies supporting of the various areas of Human Resources programs and what considerations might be needed to use that technology.
And lastly, we will look at the NEW corporation mission and structure that is taking hold across the globe.
BUILDING COMPETITIVE STRATEGY, AND ALIGNING STRATEGY WITH THE EXECUTIONPankaj Kumar
BUILDING COMPETITIVE STRATEGY, AND ALIGNING STRATEGY WITH THE EXECUTION
Authors’ names and affiliations: Pankaj Kumar, CEO of Institute of Financial Leadership & Management, A-1202, Park Titanium, Park Street, Wakad, Pune -411057 pankaj.kumar@iflbm.com
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
2. Cynthia Phua CV
• Present Organisation and Social Works:
– Consultant for Shared Services, ASME
– Trainer, Glocal Advantage Pte Ltd
– Independent Director, Viking Offshore and Marine Ltd,
– Director, Clarity Singapore Ltd
– Member, Catholic High School Management Committee
– Member, SMEC, SBF
– Chairman, RPWG, SMEC
– Member, CHAIR, Singapore Red Cross
– Honorary Adviser, Defu Industrial Manufacturing Association
and other temple and social organisations.
• Married with 3 children and I read, play golf and does
pottery utility wares.
3. Cynthia Phua CV
• Cynthia holds a B. Sc (Estate Management) Honours from the
National University of Singapore, 1985. She also attended the
Advanced Management Programme in Harvard Business
School in 2011.
• Cynthia has over 30 years of experience in the real estate
industry and over 10 years in the retail business.
• 2014 to 2015: Singbridge Corporate Pte Ltd, Executive Vice
President, primary role was to facilitate the transfer of
Singapore’s software to overseas projects.
• 2013: Knight Frank Pte Ltd , Executive Director and Head of
Retail Services. Besides retail consultancy locally also led the
consultancy teams for an Iskandar development in Johor
Bahru and in Vientiane, Laos.
4. Cynthia Phua CV
• 2002 to 2013: NTUC FairPrice Co-operative Ltd. Under Cynthia’s
leadership, FairPrice and Cheers expanded their footprint in Singapore
from 103 to over 254 outlets island-wide.
• Cynthia held many positions while serving in FairPrice:
– Managing Director of Real Estate Business Unit,
– Board Directors of NTUC related companies, NTUC Choice Homes Co-
operative and One Marina Property Services.
– Board Directors of invested properties: Chairman of Thomson Plaza
Mall (MCST) AMK Hub, Sengkang Mall, Clementi Mall, Chinatown
Point Mall ,
– General Manager of Cheers, a wholly-owned subsidiary of FairPrice
that operates 24-hour convenience stores throughout Singapore in
2004 to 2006. She was part of the team that led a progressive
conversion of about 60 retail outlets in Esso petrol stations into Cheers
Convenience stores.
5. Cynthia Phua CV
• 2001 to 2011: Cynthia was also an elected Member of Parliament in the
Aljunied Group Representation Constituency. She was known as a
grassroots’ MP and initiated and help to set up needed social services
centres for residents:
– TCM free clinic ( including acupuncture services),
– Xtreme Youth Centre ( school dropouts) centre;
– FAME club ( Mentally Challenge Recreational Club),
– Kampong Senang Children centre ( for learning difficulty children),
– Joylink Neighbourhood Link centre ( elderly social club).
• 2004 to 2011 : She was also the Chairman of Aljunied Town Council. She
conceptualised the first Town Council Iphone app for residents to
participate in Town Management in 2010.
• 1993 to 2002: Toa Payoh Town Council and Bishan-Toa Payoh Town
Council, Chief Executive Officer;
• 1985 to 1993, HDB Executive/Estates Officer
6. Creativity vs Innovation
• Creativity – Michelangelo, a brilliant painter.
• Innovation that drives change –Alexander
Graham Bell – extracted information and
created an innovative product- telephone
that create value and drove change.
7. What is innovation?
• Simply stated, innovation is the process of
translating an idea or invention into a good or
service that creates value above every existing
alternative.
• Is broad, diverse, complex and unpredictable
• Serves as catalyst for growth in business and
economics
• Has much impact on our lives: Makes our lives
easier, enhances our productivity, improves our
health entertains us and broadens our ability to
communicate and connect on a global scale
8. How does innovation Happen?
• Creative destruction or disruptive innovation
• Innovation starts with disrupting the old ways of
doing things
• Wanting to make the product or services efficient
and effective, arising from the environment ( eg
lack of manpower)
• At first disruption maybe too small to be noticed-
if not alert, companies will be obsolete. ( a no of
phone makers are no longer in existence)
9. Disruptive innovation
• Disruption occurs when a moribund industry
or vendor is unable or unwilling to react to
market and industry forces.
• Examples:
– AirBnb disrupting hotel chains,
– Uber disrupting taxi companies and
– Netflix disrupting Blockbuster
10. Types of Innovation
• In this decade, we think of innovation in terms of technology
• Innovation comes in many forms:
– a ground breaking product, iPod and then followed by iPhone.
– Creative new teaching method to enhance student engagement
– Unique incentive program to reward high performing employees
– Or a process, e.g. lean methodology which streamlines workflows and
eliminates waste to keep costs low
• Innovation can be incremental- simply improving a product or
service life cycle, business model innovation ( Reits, ) to pricing
strategies ( cloud service) , marketing and service delivery (
Amazon, Uber) or adding a new fragrance
• Many small entrepreneur built their entire business models
developing and producing products that help larger, well known
companies be more efficient or effective. Eg iphone glass covers
11. Cross-industry innovation
Baby pram meets landing gear
Eggs meets wine
Restaurant meets airport
Financial services / insurance meets mobile-
Norwich Union was the first insurance
company to start with the “Pay as you go”
formula from telecom.
12. Innovation Impact on organisation
Innovation
Employees
Finance
Sales
Human
Resource
Operations
Marketing
13. Innovation impact on Organisation
Technology has changed the organisations and the way we work and interact:
• Employers on workers’ requirements:
– highly skilled workers who can learn quickly ( outsourced workers in other
countries),
– lifelong learners ( technology mediated online courses)
– No lifelong employees, suitable employees that can respond quickly to
changes due to technology
• Employee expectations:
– Flexible working hours and schedules, latest technology equipment-
smartphones and tablets
– Available 24X7 (?) and shorter work week instead
– Work from home
• Workplace changes
– Establish Distance Teamwork to allow quick and seamless product creations (
Charles and Keith shoes)
– Workplace becomes the central gathering of information
– that leads to Big Data analysis and smarter decision making
14. Organisation’s facilitation of
innovation
• Capture Employee Ideas Easily Using Mobile
Friendly Cloud Based Service
• A user friendly dashboard allows you to easy
view and gather powerful employee
suggestions and ideas.
15. The Five Technology Megatrends
• The Five Technology Megatrends summarized
below are creating winners and losers faster than
ever before:
– 1. Big Data Will Transform Healthcare, Government
and a Host of Industries
– 2. A Supercomputer Will Appear in Every Purse and
Pocket even on your face.
– 3. The Internet of Everything Will Usher in a Major
Productivity Boon -“mobile, social, and global.”
– 4. 3D Printing Will Change the Game in Manufacturing
– 5. Cloud Computing Will Disrupt and Enable
Businesses
16. Applying the Five Megatrends to Your
Organization
• Awareness of these powerful forces of change is
not enough. Established companies are
notoriously bad as they are so busy managing the
day-to-day business.
• The key is to make these trends come to life for
you and your colleagues, and then use them to
disrupt your company.
• Use the questions below to jumpstart your
session. Look for ways to unlock new business
value from the five megatrends – and avoid being
late in .
17. Stay relevant, ask questions.
• What BIG data can we access that we’re not capturing now?
• Can we deliver one of our capabilities as a digital service?
• What possible new uses for the smartphone might we be missing that could
benefit our customers?
• What do we need to shed (stop doing, sell off, close down, abandon, etc.) in
light of these trends?
• What do we need to start embracing (consider, purchase, investigate and
research, etc.) to capitalize upon each of the Five Megatrends?
• How do we need to position ourselves differently in our markets?
• What new capabilities or services might we start offering customers (internal
and external) to ride these tidal waves of change?
• Which of the five have the most promise/potential for organization and why?
• How can we innovate to take full advantage of these driving forces of
technological and social change?
18. Iterate, Iterate, Iterate, Innovate
• Rejection is part of the process –Focus on learning fast
– The game Angry Birds released in 2009 was a huge hit for
the Finnish game developers, Rovio Entertainment. It sold
over 20 million copies on various mobile platforms. It was
the 52nd game, there were 51 earlier attempts before the
big hit arrived
– We see a similar process in the Arts and in Business. The
novel, Harry Potter and the Philosopher’s Stone, by J K
Rowling was rejected by 12 publishers before it was
accepted. Gone with the Wind by Margaret Mitchell was
rejected 38 times. The founders of Skype made 40
investor pitches before they were accepted and Google
around 350.
19. Suggested Ways to Create a Culture of
Innovation in organisations
• Define your company’s mission around innovation.
• Create the structure to allow employees to experiment
new ideas with unstructured time, ( 15 to 20 % -
Google , 3M corp)
• Recognize employees' contribution to the innovation
process.
• Debra Kaye, author of Red Thread Thinking asks
companies to return to the past.
• Continuous education (conferences, seminars…).
• Allow failure.
20. Scott Cook (MBA 1976) in 1983 Cook cofounded Intuit with
the novel idea of financial software as a consumer-oriented,
customer-delighting product.
• The key to entrepreneurship and innovation, says Cook, a 1996 recipient
of the School’s Alumni Achievement Award, is “solving the problem that
other people have ignored or can’t fix.”
• To find those solutions, he has aggressively implemented the notion of
“user contribution system”- work with customers, through their implicit
choices or explicit actions,
• and his brainstorming employees (in small groups within the company )
even without specialised knowledge;
• Intuit ( accounting software company) went from conducting a single
experiment with customers to running 600 experiments in 2010.
• Explains Cook, “If there’s one thing I’ve learned in business, it’s the power
of rapid-fire experimentation: enabling your team to test, rapidly change,
iterate, and test again. Run experiments with customers and let them
vote, instead of relying on the boss’s vote.
• Nothing makes a team more creative and agile than that.” And nothing,
he might add, keeps a business as innovative.
21. Shell GameChanger
• Shell employs 92,000 people, spending $1.3bn on R&D.
• “The Shell GameChanger ( 12 in a team) programme identifies and
nurtures unproven ideas that have the potential to drastically
impact the future of energy.”
• There are 4 key criteria on which proposals are judged:
– 1. Novel – Is the idea fundamentally different and unproven?
– 2. Valuable – Could the idea create substantial new value if it works?
– 3. Doable – Is there a plan to prove the concept quickly and
affordably?
– 4. Relevant – Is the idea relevant to the future of energy?
• GameChanger is open to internal as well as external proposals. This
principle embodies my view of the longer-term goal of Open
Innovation – an idea meritocracy, where the best proposals are
accepted and implemented, irrespective of the source.
22. Shell GameChanger
• Since its inception 17 years ago, Gamechanger has
invested $250m into over 3,000 ideas, implementing
over 100 and working with 1,500 innovators. One of
the successful projects is massive, developing a
Floating Liquefied Natural Gas (FLNG) plant, a truly
radical innovation. Another good example is using
solar power to make oil extraction more efficient
• Assessment of the industry is that Shell is likely to
remain a leader in the energy industry as none of
Shell’s oil and gas competitors appear to have anything
similar in place.
23.
24. Stay Relevant
• In 10 years, over 40 percent of the Fortune
500 will no longer be around. By 2020, more
than three fourths of the Standard and Poor’s
(S&P) 500 will be organizations that we have
not heard of yet. Predictions like these are
common these days. What if they turn out to
be correct?
25. What must I do?
• Realise that you are in the midst of change and
that change is part of you
• Welcome change as possibilities and
opportunities
• Note your thoughts and attitudes. Positive
thoughts build possibilities and opportunities
• Face the change squarely especially when change
is imposed and beyond your control
• Figure out what to accept and what not to accept
26. Be Inspired
• If you always do what you always did, you will always get what
you always got. [Albert Einstein]
• The reasonable man adapts himself to the world; the
unreasonable one persists in trying to adapt the world to
himself. Therefore all progress depends on the unreasonable
man. [George Bernard Shaw]
• Minds are like parachutes; they work best when open. [T.
Dewar]
• Most of the important things in the world have been
accomplished by people who have kept on trying when there
seemed to be no hope at all. [Dale Carnegie]
27. Be inspired
• Ideas are useless unless used. [T. Levitt]
• It is not how many ideas you have. It’s how many
you make happen. [Advertisement of Accenture]
• Innovation is the ability to convert ideas into
invoices. [L. Duncan]
• Everything is possible. The impossible just takes
longer. [Dan Brown]
• Even if you are on the right track, you’ll get run
over if you just sit there. [Will Rogers]