The document summarizes a panel discussion on innovation center best practices. It introduces the four panelists - Steve Guengerich, Tom Halbouty, Gregg Hansen, and Mike Millard - and includes definitions of invent, innovate, and improve. It also shares lessons learned from new ventures and discusses balancing continuity and change. Specifically, it outlines General Motors' IT transformation goals of doubling speed, tripling innovation, and increasing business value 10x through data center transformation and application simplification to enable rapid business transformation.
5. Definitions:
• Invent – to create or produce (something useful)
for the first time.
• Innovate – to change something that is
established, especially by introducing new
methods, ideas, or products.
• Improve – to make or become better.
8. Economists estimate that innovation in its various forms
accounts for 30 percent to 40 percent of the gains in
growth and productivity by the American economy
during the 20th century, more than any other factor.
- What Ideas Are Worth (SONEcon, 2011)
http://www.sonecon.com/docs/studies/Value_of_Intellectual_Capital_in_American_Economy.pdf
9. THE PROBLEM WITH “BIG”
SCALE VS. PRODUCT/MARKET FIT
Problem/
solution fit
Product/
market fit
Scale
Validated learning
Pivots
Growth
Optimizations
13. Plato – How do you balance continuity and change at the
same time?
14. “There's a way to do it better—find it.” Thomas Edison
“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
(Co-founder London School of Economics)
“Heroism and the respect it commands is a form of compensation by
society for those who take risks for others. And entrepreneurship is a
risky and heroic activity, necessary for growth or even the mere survival
of the economy.” Nassim Taleb (Black Swan/Antifragile)
“Herd animals benefit by the few that search for new food and water.
Those that stay in the center of the herd are the safest in the short run,
but the herd will perish without those with the curiosity and heart to
explore.” Tom Halbouty
15. PEOPLE AND INNOVATION
(1) Allen Fahden – Innovation on Demand
Start-ups, 47% advancers
Large corporations, 3%
advancers
18. THESE FORCES WITHIN INDUSTRY ARE STILL CRITICAL
Electrification of vehicle - Chevrolet Volt
The increasing role of Information Technology
Connectivity of vehicle, Internet of Things – OnStar
Autonomous Vehicles
19. GENERAL MOTORS
Size and scale of a Fortune 6 organization
2014 sales of more than 9.9 million vehicles, 3.4 million in North America
Production in 31 countries and doing business in more than 120 countries
218,000 employees and >20,000 dealers globally, 169 manufacturing/assembly facilities
worldwide
A big family
GM brands include Chevrolet, Cadillac, Buick, GMC, Holden, Opel, and Vauxhall
In China, GM markets under Baojun, Jiefang, and Wuling brands
OnStar offers breakthrough technology for navigation, entertainment, diagnostics,
safety and security
The new GM – a success story
2014 - $155.9 billion in revenue; to date, 22 consecutive profitable quarters
20. 2018
GM IT: DRIVING INNOVATION
2 GM-managed
data centers
2012
23
supplier-managed
data centers
80%
IT staff
running
day-to-day
operations
80%
IT staff
actively
engaged in
innovation
90% OUTsourced 90% INsourced
21. THE ROAD AHEAD:
IT TRANSFORMATION OBJECTIVES
Double the speed of delivery
Triple innovation (number of projects)
10X business value (revenue of IT)
Data center transformation
Global, common applications
Application simplification
Extreme integration
Reduce risk, increase reliability,
protect the enterprise
Enable rapid business transformation
Enterprise data warehouse
Information, Information, Information
2016 Buick Cascada