This document discusses innovation, including what it is, why it matters, types of innovation, metrics to measure innovation, and provides a case study of Nestle's innovation with Nespresso.
1) Innovation involves introducing something new that provides value, and can be incremental or radical. Metrics to measure innovation include inputs like resources invested, processes like time to develop ideas, and outputs like new products and sales from new products.
2) The case study describes how Nestle developed its Nespresso business over 20 years through failures, partnerships, focusing on high-end customers, and creating an exclusive club to commercialize single-serve coffee.
3) Key lessons are that innovation takes time,
Innovation Management - 2 - Types of InnovationJoseph Ho
4 Types of Innovation
- Sustaining Innovation
- Breakthrough Innovation
- Disruptive Innovation
- Basic Research
Dimensions of Innovation Space
- Product
- Process
- Position
- Paradigm
Innovation Management - 2 - Types of InnovationJoseph Ho
4 Types of Innovation
- Sustaining Innovation
- Breakthrough Innovation
- Disruptive Innovation
- Basic Research
Dimensions of Innovation Space
- Product
- Process
- Position
- Paradigm
What is innovation?
Various types of innovation?
The process of innovation.
Examples of successful and unsuccessful innovation.
packaging innovation.
Importance of innovation.
Innovation is the glue between invention and investment, and transforms ideas into businesses. The process of innovation shapes your idea into something people will value and ultimately purchase.
The innovation process cycles through 4 key steps:
1) Ideas and Solutions
2) Business propositions
3) Business feasibility
4) Business planning
Types of Inventions; Difference between invention and innovation; Types of innovation; Innovation process vs Process innovation; Linear innovation models.. Technology push model, Market pull model; Flexible innovation process models
Get on top of Innovation by understanding the essentials. What it is. The types of Innovation and the elements of an Innovation ecosystem. Thanks for viewing orxil(a)yahoo.com
This topic is related to general and professional studies like MBA. If u want to know about the complete innovation topic then please checkout my other presentation which i'll upload soon...
As I have recently included some new content in my presentations and sessions, I would like to share these insights with you in the form of an updated presentation deck. Here, I focus on the the following views and messages:
- A general state of innovation and what you need to know about it these days
- What open innovation is and how it is relevant in the context of big companies and SME´s and startups
- What it takes to be successful with innovation today as an individual and as a team
When I give talks and sessions, I draw upon a comprehensive set of content which you can look further at www.innovationupgrade.com.
This talk was delivered on 15th September (Engineers Day) at BML Munjal University. It covers differences between invention, innovation, entrepreneurship, and startup. It discussed innovation landscape, types of innovation, and three important types of innovation in today's world. Innovator's method and innovators skills are also provided.
In Entrepreneurship section, who are entrepreneurs, types of entrepreneurs, entrepreneurial mindset and effectual thinking are discussed. Future of organization is discussed briefly along with why its necessary to learn entrepreneurship. Idea to launch (#flow_with_ramesh), why startup fails (#flow_with_ramesh), are you a startup kid? (#flow_with_ramesh) And challenges of entrepreneurship are discussed. In the end, what three interesting things you can do from learning, mentors, and work is discussed. Lastly, I describe my experiences with innovation and entrepreneurship is discussed.
WEBINAR Replay: http://bit.ly/1lYM9nX
Wed, Apr 9, 2014 11:00 AM - 12:00 PM EST
Often when people think about innovation the first thing that comes to mind is product innovation. With ten different types of innovation, the more types you can incorporate the more chance your innovations are likely to be successful.
This webinar will show you how to use ten sources of innovation to develop the ideas that could lead to the next big thing. Topics this interactive webinar will cover are:
• Why innovation is such a hot topic and why you can't ignore the trend
• What are ten sources of innovation
• How local companies are using innovation (case studies)
• What does all this mean for my business- the innovators dilemma.
What is innovation?
Various types of innovation?
The process of innovation.
Examples of successful and unsuccessful innovation.
packaging innovation.
Importance of innovation.
Innovation is the glue between invention and investment, and transforms ideas into businesses. The process of innovation shapes your idea into something people will value and ultimately purchase.
The innovation process cycles through 4 key steps:
1) Ideas and Solutions
2) Business propositions
3) Business feasibility
4) Business planning
Types of Inventions; Difference between invention and innovation; Types of innovation; Innovation process vs Process innovation; Linear innovation models.. Technology push model, Market pull model; Flexible innovation process models
Get on top of Innovation by understanding the essentials. What it is. The types of Innovation and the elements of an Innovation ecosystem. Thanks for viewing orxil(a)yahoo.com
This topic is related to general and professional studies like MBA. If u want to know about the complete innovation topic then please checkout my other presentation which i'll upload soon...
As I have recently included some new content in my presentations and sessions, I would like to share these insights with you in the form of an updated presentation deck. Here, I focus on the the following views and messages:
- A general state of innovation and what you need to know about it these days
- What open innovation is and how it is relevant in the context of big companies and SME´s and startups
- What it takes to be successful with innovation today as an individual and as a team
When I give talks and sessions, I draw upon a comprehensive set of content which you can look further at www.innovationupgrade.com.
This talk was delivered on 15th September (Engineers Day) at BML Munjal University. It covers differences between invention, innovation, entrepreneurship, and startup. It discussed innovation landscape, types of innovation, and three important types of innovation in today's world. Innovator's method and innovators skills are also provided.
In Entrepreneurship section, who are entrepreneurs, types of entrepreneurs, entrepreneurial mindset and effectual thinking are discussed. Future of organization is discussed briefly along with why its necessary to learn entrepreneurship. Idea to launch (#flow_with_ramesh), why startup fails (#flow_with_ramesh), are you a startup kid? (#flow_with_ramesh) And challenges of entrepreneurship are discussed. In the end, what three interesting things you can do from learning, mentors, and work is discussed. Lastly, I describe my experiences with innovation and entrepreneurship is discussed.
WEBINAR Replay: http://bit.ly/1lYM9nX
Wed, Apr 9, 2014 11:00 AM - 12:00 PM EST
Often when people think about innovation the first thing that comes to mind is product innovation. With ten different types of innovation, the more types you can incorporate the more chance your innovations are likely to be successful.
This webinar will show you how to use ten sources of innovation to develop the ideas that could lead to the next big thing. Topics this interactive webinar will cover are:
• Why innovation is such a hot topic and why you can't ignore the trend
• What are ten sources of innovation
• How local companies are using innovation (case studies)
• What does all this mean for my business- the innovators dilemma.
A simple and powerful guide for entrepreneurs and startups to ace the most powerful storytelling techniques and master your elevator pitch. Tips insides. For Spanish and English Speaking. Coach Contact : antoine.zervudacki@gmail.com - Mob. (+52) (1) 5040809382 Twitter: @zervudacki
Hacer su pitch es como subir en un ring de Boxeo.
Es el "moment of truth" del emprendimiento donde el emprendedor tiene que demostrar visión y propósito con emoción, drama y estilo para lograr el nocaut.
Una analogía poderosa que inspirará a todos los emprendedores que quieren aprender las mejores técnicas de storytelling para tener un pitch eficiente, vendedor e impactante.
Innovation Practices, Metrics and Performance by Kenneth Kahn Ph.D of VCU's ...CincyInnovates
New Product Development (NPD) practitioners are keen to benchmark NPD practices because identifying practices which are able to more efficiently and/or effectively deliver a new product or service could mean the difference between success and failure. To help in identifying such practices Dr. Kahn will present findings pertaining to what practitioners find to be poor and best NPD practices. Among the different practices presented particular focus will be put on metrics and performance measurement. Thoughts on how to frame metrics and performance measurement during innovation will be introduced. The presentation will conclude with guidelines for manifesting better performance through practices and metrics, incorporating actual project experiences from VCU’s da Vinci Center for Innovation.
Traditional advertising is being crushed by the new Tech-Data driven media era.
Old school model agencies are menaced by "Uberization" phenomenon.
Smart Consumers compel them to reinvent themselves.
What´s next & what´s fake in the new marketing & advertising industry?
i-brain : La plateforme HES qui favorise l'innovation en mode "open" - Sophie...Rezonance
Présentation de Sophie Latrille, Chef de projet i-Brain.
Boîte à idées virtuelle au coeur de la dynamique HES et au service du tissu économique régional. Comment générer des solutions originales et des nouvelles propositions de valeur à travers un grand brainstorming en ligne? Quels sont les défis, solutions, services et produits qu’on y proposent et pour qui ? Entreprises, instituts de recherche ou professeurs lancent des défis, incitant les participants et étudiants à les relever.
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Innovation isn’t the job of R&D or Marketing anymore. Innovation is everyone’s job – but most aren’t trained/experienced in innovation.
Whether you start at "small i" innovation or "BIG I" Innovation - can you really afford NOT to improve your innovation capabilities?
This presentation demonstrates how innovation can help your business remain current, grow, gain competitive advantage and thrive in the future marketplace.
This presentation demonstrates how innovation can help your business remain current, grow, gain competitive advantage and thrive in the future marketplace.
Role of Service Design in Fortune 500 Corporate Teams: Service Design Network...Mike Pinder
How do corporate innovation teams de-risk projects across the innovation process in relation to service design? How does service design address high level early stage uncertainty for corporate start-up teams? Does service design function as an effective stand-alone discipline for corporate start-ups?
Service Design Meetup talk hosted at Board of Innovation, Antwerp, Belgium 30th October 2019.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
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➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
2. “The business has two and only these two basic functions:
marketing and innovation. Marketing and innovation produce
results; all the rest are costs.”
~Peter Drucker
19. 3 types of metric
Process
Input Output
Resources put behind Time from PoC to FDP # of ideas
($, FTE) Breadth of ideas # of NP
# of patents Pathway approach % of sales from NP
ROI
20. Metrics recommendations
•3 broad types
•First vision & strategy, than metric
•No magic metric
•Choose few
•Measure vs. competition
•Get buy-in
•Embed in performance review
25. Nestle coffee business in 1990’s
•Present since 1938
•Owns instant coffee
market (30% of total
coffee market)
•Wants presence in high-
end coffee market
26. Coffee market in 90s
Sales
30% Instant
Roast & Ground
70%
95% filter
5% gourmet (mostly out of home)
27. 1974 - Simple outside, complex inside
Simple outside, complex inside; 3 steps to making coffee:
•Individualized taste
•Simple steps to making coffee
•3 steps technology:
•Pre-wetting
•Aeration
•Extraction
•Strong IP protection
•Licensed machines to others
47. “Our problem is not a lack of good ideas – we have too many
of them. The key is to be able to extract an idea, carry it
forward in the organization and transform it onto the
market.”
~CEO Nestle
57. How would you define 3 years innovation
vision for you and your team?
THINK BIG!
How will you know that you are
achieving it?
Editor's Notes
Need to have common understanding on this qst. It was also the first qst asked during interviews w/ NP
Many definitions, but all of the share two things.First piece is New/different, and that is what first comes to mind when thinking of innovation.But for innovation to be called innovation, market value is necessary.
Invention – new, but no value now, maybe in futureInnovation – new, but also successful in the market
Need to have common understanding on this qst. It was also the first qst asked during interviews w/ NP
Need to have common understanding on this qst. It was also the first qst asked during interviews w/ NP
Herceptin made us think of personalized medicine in a different way
What are some of the examples?We will be talking about implementing these traits later on
Need to have common understanding on this qst. It was also the first qst asked during interviews w/ NP
There are many metrics, no magic metric. BCG recommends 3 broad types.Process- Sony launches new product every 20 minutesOutput – NVS – sales from new products
We covered What? (Innovation vs. Invention) Why? (McKinsey growth) Who? Types? Metrics?Now time for a case study as a way to inspire us for thinking about the vision during break-out session
We’ll talk a bit about Nespresso. I was always fascinated by the case, whiile veryone else was building better and faster machines or better and bigger coffee packages, Nespreasso reinvented the model, created Nespresso club, distinct brand, high quality product, and 40% profit margin
This is how roughly market was split, with Nestle owning…
Similar to pharma, from blockbuster model to specialty
Out of 70% R&G, 95% was filter, 5% was gourmet coffee, mostly in away form home settings (bar, restaurant)
Nestle buys technology for machine+capsules and protects it with patents. But for 12 years there was oppsition inside Nestle to dvelop and commerzialize this product.
It took 12 years to start setting up Nespresso, as internal opposition was strong (Nespresso seen as caninbalizing instant coffee business)Nespresso is formed as a satellite company, 100% owned, outside of Nestle office, has its own distribution, processes, personal policiesIdea is to protect new idea from criticismMostly seen as threat to Nestle instant coffee business
Machine partner Turmix, no money made on machine. Dismal results, 50% of machines sold, too expensive, sold through electrical appliances shops and supermarkets, focus on office sector.
Experience in luxury goods from Marlboro classics, ambitious, entrepreneurial, no link to Nestle culture, strong personality
“Tiger team” – willing to take risks, diverse backgroundsLang – strong will, always on the edge, takes risks, likes challenges, wins give him boost
Trend – 35-45 yrs old premium coffee drinkers, at homeObserving
Dismissed MR, said that MR relates to past and that radical innovation needs intuition and observation....JPG favored observing trends and customers directly, targeted 35-45 gourmet coffee drinker, young and affluent
Lang promised 3x salesNestle approved PILOT only in Switzerland
Between 1989 and 1993, several major strategic decisions to partner (previosuly only Turmix). Focus on capsules!!!Can we partner more with companies like Alere or companies focused on adherence, disease management programs etc...
T there was one missing puzzle, which was
Standard dogma – sell through supermarketsAlso, shelf life was only 3 m as it would take 3m for capsules to arrive to supermarkets in US
Nespresso club was a revolutionary idea – direct distribution, turned 3m shelf life (technical challenge) to elegant marketing solution
Hiring of course Geogge Clooney…
…perfecting the art of retail experience and do direct marketing.
220k members by the end of 90s. Pionereed direct marketing, luxury coffee experience, creating loyalty and differentiation. Left machines to partners!!!
How can we have loyal customer, create clubs??
7 years since Lang’s arrival21 years since acquiring technology1997 – 220.000 club members