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Ivan Kelly Fostering innovation A practical guide
- 1. Fostering Innovation A practical users guide Ivan Kelly www.linkedin.com/in/ivankelly/© Ivan Kelly 2018
- 2. Innovation (a reminder) Kelly, O’Dowd, Duffy & Maher (2017) © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 3. © Ivan Kelly 2018 linkedin.com/in/ivankelly/ Circle of Trust You!
- 4. Innovation Approach Kelly, O’Dowd, Duffy & Maher (2017) © Ivan Kelly 2018 linkedin.com/in/ivankelly/ or
- 5. Sensenig (2012) University of Pennsylvania © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 6. 1. Lead and accept risk © Ivan Kelly 2017linkedin.com/in/ivankelly/
- 7. 2. Measure your Innovation Kelly (2017) Profit Model Innovation Network Innovation Structure Innovation Process Innovation Product Performance Innovation Product System Innovation Service Innovation Channel Innovation Brand Innovation Customer Engagement Innovation Yes No No No No No No No No No -30% -16% -8% -29% -6% -11% 16% -15% 16% 1% No No No No No No No No No No 4% -21% 18% -15% -1% 5% 4% 8% 17% 2% No No Yes No No No No No Yes No -8% 5% 34% 6% 1% 22% 14% -7% 27% -15% No Yes No No No No No No No No 2% -28% -1% 2% 1% -27% -5% 24% 8% 11% Yes No No Yes No No No No No No -24% -11% 13% -38% -7% -7% -7% -26% 16% -1% Yes No No No No No No No No No -27% -11% 5% -15% -16% 12% -10% 15% 8% 12% No No No No No Yes No No No No -12% -23% -7% -27% 5% 27% -4% -13% -27% -1% No No No No No No No No No No -12% -22% 1% -19% 7% 1% -15% 7% -13% 13% No No No No No No No No No No -21% -7% -26% 1% 8% 16% 15% 16% 7% 22% No No No No No No No No No No 9% 21% -18% -9% 1% 20% -7% 6% -4% 3% No No No No No No No No No No 27% 7% -4% -3% 1% 19% 5% -1% 19% 5% Yes No No No No No No No No No -32% -17% -15% 1% 6% 3% 5% -1% 10% 5% Yes No No No No No No No No Yes -21% -25% 24% -23% 0% -6% 16% 6% 10% 27% Yes No No No No No No No No No -37% -36% 23% -7% 9% -17% -23% -13% 7% -16% No No No Yes No No Yes No No No -10% -20% 7% -3% 0% 4% -13% -10% -10% 0% InnovationDimensions ProductLeadershipZone Disruptive Analysis of SC Innovation Innovation Types Configuration Innovation Types Application Product Platform Offering Innovation Types Experience Innovation Types Enhancement Marketing Experiential OperationalExcellenceZoneCustomerIntimacyZone Line Extension Value Engineering Integration Process Value Mitigation CategoryRenewalZone Organic Acquisition ExitZone Harvest & Exit Moore (2005) Kelley et al. (2013) = © Ivan Kelly 2017linkedin.com/in/ivankelly/
- 8. 3. Focus on Incremental Innovation © Ivan Kelly 2017 linkedin.com/in/ivankelly/
- 9. 4. Don’t force it © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 10. 5. Reduce institutional drag © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 11. 6. Manage the HiPPO’s © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 12. 7. Find a way through © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 13. 8. Trust your team © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 14. 9. Be ready to jump back in © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 15. 10. Acknowledge successes © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 16. 11. Positivity with failure © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 17. 12. Learn and adapt © Ivan Kelly 2018 linkedin.com/in/ivankelly/
- 18. 13. The one everyone hates… © Ivan Kelly 2018 linkedin.com/in/ivankelly/ Capture knowledge gained Analyse the gains/losses Build lessons learned Learnings are easily shared
- 19. 14. Don’t stop – keep going © Ivan Kelly 2018 linkedin.com/in/ivankelly/ Kelly, O’Dowd, Duffy & Maher (2017)
- 20. 15. Metrics Kelly (2017) Profit Model Innovation Network Innovation Structure Innovation Process Innovation Product Performance Innovation Product System Innovation Service Innovation Channel Innovation Brand Innovation Customer Engagement Innovation Yes No No No No No No No No No -30% -16% -8% -29% -6% -11% 16% -15% 16% 1% No No No No No No No No No No 4% -21% 18% -15% -1% 5% 4% 8% 17% 2% No No Yes No No No No No Yes No -8% 5% 34% 6% 1% 22% 14% -7% 27% -15% No Yes No No No No No No No No 2% -28% -1% 2% 1% -27% -5% 24% 8% 11% Yes No No Yes No No No No No No -24% -11% 13% -38% -7% -7% -7% -26% 16% -1% Yes No No No No No No No No No -27% -11% 5% -15% -16% 12% -10% 15% 8% 12% No No No No No Yes No No No No -12% -23% -7% -27% 5% 27% -4% -13% -27% -1% No No No No No No No No No No -12% -22% 1% -19% 7% 1% -15% 7% -13% 13% No No No No No No No No No No -21% -7% -26% 1% 8% 16% 15% 16% 7% 22% No No No No No No No No No No 9% 21% -18% -9% 1% 20% -7% 6% -4% 3% No No No No No No No No No No 27% 7% -4% -3% 1% 19% 5% -1% 19% 5% Yes No No No No No No No No No -32% -17% -15% 1% 6% 3% 5% -1% 10% 5% Yes No No No No No No No No Yes -21% -25% 24% -23% 0% -6% 16% 6% 10% 27% Yes No No No No No No No No No -37% -36% 23% -7% 9% -17% -23% -13% 7% -16% No No No Yes No No Yes No No No -10% -20% 7% -3% 0% 4% -13% -10% -10% 0% InnovationDimensions ProductLeadershipZone Disruptive Analysis of SC Innovation Innovation Types Configuration Innovation Types Application Product Platform Offering Innovation Types Experience Innovation Types Enhancement Marketing Experiential OperationalExcellenceZoneCustomerIntimacyZone Line Extension Value Engineering Integration Process Value Mitigation CategoryRenewalZone Organic Acquisition ExitZone Harvest & Exit Moore (2005) Kelley et al. (2013) = © Ivan Kelly 2017linkedin.com/in/ivankelly/
- 21. Finally - Nudge your Culture © Ivan Kelly 2018 linkedin.com/in/ivankelly/ Accept Risk Reward Success Positivity with Failure Learn & Adapt Repeat
- 22. Thank you! Connect @ www.linkedin.com/in/ivankelly/ © Ivan Kelly 2017 linkedin.com/in/ivankelly/
Editor's Notes
- Why do you want to invest in innovation? Remember: cost saving is a value proposition, you could be eliminated from the organisation unless you are in the conversation to create value by using or transforming your assets
- Disruptive and Incremental – which is the best path to follow?
- What is innovative about this video?
- Seek mentors. You need to step up and be willing to fail. You have no certainties, the organisation, the culture or your peers could resist you, never mind the issues with the external environment. Not to forget…. You may be really bad at leading. But if you are an innovator with an entrepreneurial spirt then that is ok. You attempt to lead may bring others to the fore and they will bring the organisation further than you could. Remember, being a leader is about knowing when to step aside.
- Very important. How do you know if your efforts are succeeding? There needs to be rigour in the innovation process as well as blue skies thinking.
- Remember the video….
- The leader sets the goal. Don’t force the innovation process. Personal experience, innovation driven from tacking opportunities (and problems) that are brought to the team. Don’t expect them to be inventors. That may not leverage their skills. Remember, incremental, you are building a competency without forcing folks into delivering high expectations that will cause them to resist and pull back
- 6. There are always institutional issues that create valid and reasonable reasons not to innovate, the trick is to find ways to avoid this. Remove barriers encourage innovation look outwards, avoid too much internal focus, don’t focus on the internal anti risk culture
- Highest Paid Peron’s Opinion can hold back your innovation growth. People often defer to HiPPO due to their educational or organisational status, their opinion can be taken as gospel by the org. You want to foster an innovation culture not just follow the leaders approach, otherwise why bother. This can get you into some hot water, but remember that you are taking risks and have honest and open conversations about asking these folks to step back and let others grow. They are very valuable, have skills and acumen that you will need, don’t alienate them. Balancing act
- Remember you are the leader. Your job is to take the innovation team through the rough waters
- Remember you are developing an incremental innovation process. You are leveraging the expertise of your team and finding new ways to enhance their knowledge in a collaborative and synergetic way. That means that you need to trust them to find their own way……
- ….bet ready to lend a helping hand or actually rescue them when they get into trouble. Getting into trouble is part of the learning process. Without it you do not stress people to grow and adapt.
- Make sure that you acknowledge and reward the team for their efforts. Every win is a win. There may be hard days and bigger challenges, but you need to stop and recognise what has been done.
- Ok. You didn’t achieve what you set out to do. But if you didn’t try in the first place then you would definitely never achieve anything. Acknowledge that failure is a part of the process and that you need to protect your team from negative outcomes. You need to shield the team
- Innovation is an iterative process, you need to review and understand how you can bring new approaches and encourage your innovation engine
- You need to have processes to capture the knowledge created, the lessons learned and to store this information in a way that becomes institutionalised and easily shared. If reviewing the information and knowledge processes in your org, maybe that is a big innovation project. Imagine the institutional knowledge and opportunities that you will unleash. But it’s boring….
- The road is open for you to drive your innovation processes further. Gain enough momentum in the incremental innovations and build compentcies in your teams, you can start to drive an innovation culture
- Very important. How do you know if your efforts are succeeding? There needs to be rigour in the innovation process as well as blue skies thinking.
- Following these steps will help you to enhance and foster your innovation culture