This document discusses innovation and provides examples. It defines innovation as involving risk-taking, path-breaking, and value creation. Dhirubhai Ambani is provided as an example of an innovative risk-taker. Innovation is described as a joint effort that requires an open culture and employee empowerment. Metrics like scaling up proof-of-concepts are discussed as measures of innovation success. Management of innovation should involve ideation, championing of ideas, and allowing ideators to work on projects. Case studies on challenging conventional wisdom in areas like engineering design and process are also presented.
HBR's 10 must reads on Innovation. Professor Rosabeth M. Kanter from Harvard Business School presents four classic traps in innovation. Companies have been putting resources for new breakthrough for product and service, however, repeatedly, they make the same mistakes as their predecessors.
Accelerating Innovation - A Functional Innovation Workshop Innomantra
The Functional Innovation is an integrated approach to creative ideation and problem solving which incorporates aspects from several well-known ideation and problem solving techniques. FI developed out of a research study that involved analysing 30,000+ recent innovations and 10,000+ highly cited patents in order to identify common patterns and develop useful heuristics.
In the 1960s, Swiss Physicist Fritz Zwicky developed the method of ‘Morphological Analysis’ for complex problems. Around the same time, Soviet Scientist Genrich Altshuller formulated a method for systematic problem solving after reviewing more than 40,000 patent abstracts. FI methodology includes elements derived from these two approaches. It has also been influenced by the ‘Design Thinking' process introduced by Herbert Simon and the ‘Creative Problem Solving’ method pioneered by Alex Osborn.
The Functional Innovation™ Methodology is customized to the products, process and business model that will enable participants to systematically generate ideas towards achieving innovation objectives.
HBR's 10 must reads on Innovation. Professor Rosabeth M. Kanter from Harvard Business School presents four classic traps in innovation. Companies have been putting resources for new breakthrough for product and service, however, repeatedly, they make the same mistakes as their predecessors.
Accelerating Innovation - A Functional Innovation Workshop Innomantra
The Functional Innovation is an integrated approach to creative ideation and problem solving which incorporates aspects from several well-known ideation and problem solving techniques. FI developed out of a research study that involved analysing 30,000+ recent innovations and 10,000+ highly cited patents in order to identify common patterns and develop useful heuristics.
In the 1960s, Swiss Physicist Fritz Zwicky developed the method of ‘Morphological Analysis’ for complex problems. Around the same time, Soviet Scientist Genrich Altshuller formulated a method for systematic problem solving after reviewing more than 40,000 patent abstracts. FI methodology includes elements derived from these two approaches. It has also been influenced by the ‘Design Thinking' process introduced by Herbert Simon and the ‘Creative Problem Solving’ method pioneered by Alex Osborn.
The Functional Innovation™ Methodology is customized to the products, process and business model that will enable participants to systematically generate ideas towards achieving innovation objectives.
Cii Industrial Innovation Award Compendium 2017-18Innomantra
CII Industrial Innovation Awards were instituted in 2014 to identify and celebrate innovative Indian enterprises across industry segments and sectors. The Awards give an opportunity to companies to shine and be known nationally and internationally for their innovative products and services.
The early stages of innovation can be challenging. But Booz & Company’s annual study of R&D spending
reveals that successful innovators bring clarity to a process often described as fuzzy and vague.
Flexible working a key strategy in attracting and keeping top employees - Jan...Regus
Not so long ago, flexible working was the province of senior
managers who lived a long way from headquarters, and
salespeople. Now, in the minds of many, it is an essential part
of any attractive job. It has become a major differentiator when
choosing between new job possibilities; and it is a key factor
in keeping people engaged and satisfied in their
current organization.
This is partly because those in the younger management
generations (Gen Y and Z) are demanding it. Even though
conventional wisdom would suggest that younger cohorts
might accept any job conditions in order to avoid the spectre
of unemployment, in fact they are often refusing to accept
the old rules. It is also because technology enables workers
– even senior ones – to be contacted or stay in touch even
if they are not physically on company premises. Younger
employees, having grown up with the devices, know all
about the possibilities they create, of course. As a result, they
cannot understand why employers who have sought to make
workplaces like university common rooms will not go further
and allow them to work flexibly, saving time on commuting,
enhancing potential productivity, and measuring performance
by results rather than time in the office.
Innovation has been defined as the successful introduction into an applied situation of means or ends that are new to that situation (Mohr, 1969, quoted in Cummings and O’Connell,
1978, p.34)
Flagship News-Letter of Bharuch District Management Association. Compilation of articles devoted to improve management skills, human resource, and contemporary corporate affairs.
Connecting streams of workplace innovationPeter Oeij
Workshop for xxxi ispim innovation conference, ‘innovating in times of crisis’, 7-10 June 2020, virtual event. https://www.ispim-virtual.com/
Peter Oeij, Paul Preenen, Ryosuke Ichikari, Adela McMurray, Seri no, Kyetaik oh, Sharon Parker, Kentaro Watanabe & Steven Dhondt
Cii Industrial Innovation Award Compendium 2017-18Innomantra
CII Industrial Innovation Awards were instituted in 2014 to identify and celebrate innovative Indian enterprises across industry segments and sectors. The Awards give an opportunity to companies to shine and be known nationally and internationally for their innovative products and services.
The early stages of innovation can be challenging. But Booz & Company’s annual study of R&D spending
reveals that successful innovators bring clarity to a process often described as fuzzy and vague.
Flexible working a key strategy in attracting and keeping top employees - Jan...Regus
Not so long ago, flexible working was the province of senior
managers who lived a long way from headquarters, and
salespeople. Now, in the minds of many, it is an essential part
of any attractive job. It has become a major differentiator when
choosing between new job possibilities; and it is a key factor
in keeping people engaged and satisfied in their
current organization.
This is partly because those in the younger management
generations (Gen Y and Z) are demanding it. Even though
conventional wisdom would suggest that younger cohorts
might accept any job conditions in order to avoid the spectre
of unemployment, in fact they are often refusing to accept
the old rules. It is also because technology enables workers
– even senior ones – to be contacted or stay in touch even
if they are not physically on company premises. Younger
employees, having grown up with the devices, know all
about the possibilities they create, of course. As a result, they
cannot understand why employers who have sought to make
workplaces like university common rooms will not go further
and allow them to work flexibly, saving time on commuting,
enhancing potential productivity, and measuring performance
by results rather than time in the office.
Innovation has been defined as the successful introduction into an applied situation of means or ends that are new to that situation (Mohr, 1969, quoted in Cummings and O’Connell,
1978, p.34)
Flagship News-Letter of Bharuch District Management Association. Compilation of articles devoted to improve management skills, human resource, and contemporary corporate affairs.
Connecting streams of workplace innovationPeter Oeij
Workshop for xxxi ispim innovation conference, ‘innovating in times of crisis’, 7-10 June 2020, virtual event. https://www.ispim-virtual.com/
Peter Oeij, Paul Preenen, Ryosuke Ichikari, Adela McMurray, Seri no, Kyetaik oh, Sharon Parker, Kentaro Watanabe & Steven Dhondt
Power Point Presentation on reliance industriesPiyush Rane
In this presentation all the information of reliance industries is present from the day it originated and it covers all the services provided by reliance industries also
A Sprint Workshop: Leading Accelerated Product Innovation
rethink to transform in the digital age and Innovate
Modern organizations have brought about sensational progress for humanity in less than two centuries―the blinks of an eye in the overall timeline of our species. None of the recent advances in human history would have been possible without organizations as vehicles for human collaboration. And yet, many people sense that the current way we run organizations has been stretched to its limits. We are increasingly disillusioned by organizational life. This workshop helps the leaders and organizations to invent a more powerful, more soulful, more meaningful way to innovate, by enabling to change our belief.
Functional Innovation is an integrated approach to creative ideation and problem-solving which incorporates aspects from several well-known ideation and problem-solving techniques. Functional Innovation developed out of a research study that involved analyzing 30,000+ recent innovations and 10,000+ highly cited patents in order to identify common patterns and develop useful heuristics.
In the 1960s, Swiss Physicist Fritz Zwicky developed the method of ‘Morphological Analysis’ for complex problems. Around the same time, Soviet Scientist Genrich Altshuller formulated a method for Systematic Problem-solving after reviewing patent abstracts. Functional Innovation methodology includes elements derived from these two approaches. It has also been influenced by the ‘Design Thinking' process introduced by Herbert Simon and the ‘Creative Problem Solving’ method pioneered by Alex Osborn.
Functional Innovation Methodology is customized to the design of the product that will enable leaders to systematically generate ideas towards achieving innovation objectives to bring a common language of Innovation in the organization for Accelerated Product Design and Development with real-time case studies from ‘idea to invent ‘and insights from the industry experts.
This workshop will enable the think tank innovators and leaders how to deploy design space exploration easily with Multidisciplinary Design exploration, a methodology that can link, accelerate and enable your current simulation processes to give you a greater return on investment, and deliver you faster design
(
March 18
2018
Workshop Project
MGT 567
– 01W
Patrick Osborn, Debo Ogun
seinde
, & Gilbert Ortiz
)
Introduction / Background
Working in a coal power plant I today’s energy utility market presents an individual with unique situations, distinct challenges, and opportunities. The effects of the political environment are felt very heavily in this industry. I have only been working for AEP/SWEPCO and more specifically Welsh Power Plant, for a short seven years. In this short time period, I have seen the method by which we operate our generating units drastically change due to politics and environmental regulations.
To elaborate, this plant and just like many others in the AEP system used to operate at base load. Operating at base load meant that he units operated at full capacity the entire time they were in service. These generating units were only shut down for maintenance during planned outages and/or equipment failures which were far and in between. This particular plant, has received national recognition for operating entire years without failures or malfunctions. This is classified as low EFOR which stands for Equivalent Forced Outage Rate and in our system, the lowest EFOR classified operating plants were deemed as critical for the system grid and recognized through an annual national convention.
This method of operation has drastically changed in the last four years due to stringent EPA regulations and the government paying subsidies (taxpayer revenue) to renewable energy companies with wind generation having the most growth margin.
The challenges my company now encounters is remaining complaint and in business despite the stringent EPA regulations and government subsidies favoring renewable resources. For my company, this implied investing millions of dollars in capital to add further filtration systems to trap the ash and further limit emissions while saving costs and increasing revenue at the same time. The revenue increase came from investing capital in sectors the company that would provide returns, which coal generating plants did not so as well. Something to note, multiple coal generating plants have been retired over the last six years.
Therefore and as a result, our coal generating units are being forced to operate outside manufacturer specifications by dynamically altering the load capability curve. Depending on multiple factors, with wind generation being one of them, our units our now being operated anywhere from 20% to 100% load throughout the day. If the forecast is for long periods of mild weather and high winds, then coal generating units could potentially be asked to shut down and reaming off, until market conditions improved to avoid higher costs for the customer.
This new way of doing business has also affected our culture. Where in the past, silos were the norm, every department had the funding and budget (which was significantly more) necessary to cover all planned repairs/projects/tasks. Teams were se ...
HOW DOES TECHNOLOGY LEADERS PROGRAM (TLP) ENHANCE MACHINE LEARNING AND AI EXP...Plaksha University
Technology Leaders Program at Plaksha University enhances Machine Learning (ML) and Artificial Intelligence (AI) experience through challenge lab and capstone and help students understand how businesses function.
This class will discuss how to build effective product development teams. We’ll discuss the lifecycle of teams, recruiting, effective line management including how to motivate and develop your people, and practice conflict resolution techniques.
The Training is a 1 day course covering impartation knowledge of Kaizen and its associated Tools and; -application of Lean concepts to lead Kaizen Workshop/s with Innovation Projects for Change in a World Class Manufacturing Environment.
This training aims to impart a systematic review on all the critical aspects of Lean use to; lead Kaizen workshop and presentation using Standardize Kaizen form and methodology with;
Innovation to be competitive in the Global Business Environment.
COURSE CONTENT
Kaizen, its definition and Principles
Kaizen definition, Innovation Definition
Kaizen vs Innovation
Characteristics of a Lean Factory
Cellular Factory Layout
Multi-skilled Operators
6S and Visual Control
Kanban and Supermarkets
Rapid Changeover
Total Quality Approach
Right-sized, flexible equipment
Water Strider
Moving Production Lines
Total Productive Maintenance
Continuous Improvement
The 3 Pillars of Kaizen
1. 6S (5+1S) Housekeeping
2. Waste Elimination
- Types of Waste CLOSEDMITT
- Valued-added vs Non-value
added
3. Standard Operation
Three factors that accounts the 3 Pillars Activities.
1. Visual management,
2. The role of the supervisor,
3. Importance of training and
creating a learning
organization.
Innovation & Workshop Projects
Types of Innovation in Kaizen. Why Innovation?
Degree of Innovation-the act of creating new products,
processes, ideas, etc...
Examples of Types of Innovation
Innovating Process using Typical Kaizen concepts (Lean
methods)
Phase 1: Pre-Planning for Innovation
Phase 2: Execution - Innovation Week
Role of Leader, Facilitator, Participant in Innovation
Projects
Innovation Projects Implementation using Kaizen Forms for:
Daily and Weekly Report Outs
Follow-up for further Innovation
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.
[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
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
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/
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
"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
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ 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."
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.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
2. DIFFERENCE BETWEEN INNOVATION AND
INVENTION
• THIS TWO NOTIONS ARE COMPLEMENTARY BUT DIFFERENT.
• THE ACT OF INVENTION MEANS DESIGN ,CREATE AND BUILD NEW
PRODUCTS OR PROCESSES .INNOVATION STARTS WITH CREATIVE IDEAS
THAT ULTIMATELY ARE TRANSLATED INTO INVENTIONS ,SERVICES AND
METHODS.
3. Definition of Innovation
Innovation =risk taking +path breaking +value creation
Innovation is must to outpace and outsmart
For exponential growth
4. Example
Dhirubhai Ambani was great risk taker in
polyester ,petrochemical & refinery industries.
He brought revolution in Textile industries, stock
market and Reliance Industries is one of the
best company in the world.
5. Innovation is a joint effort of all
Participation in Innovation is everybody’s
responsibility. In this process blind spot can be
eliminated. So employees shall be empowered.
There should be open culture for innovation.
Employee to be encouraged for innovation.
Management have to share vision to people.
This is to be treated as business activities and not
functional activities .
Execution is very important for any innovative
ideas.
6. Measure of innovation
&ecosystem
Scaling up is a measure of success from proof
concept.
Expertise can create new knowledge so three
key word is very important - Expert, scale &
excellence. Invest in quality system
7. EXAMPLE OF LARGE SCALE INNOVATIVE IDEAS
Crushing and packing factory of parachute coconut oil
in Kerala by Marico
Harsh Mariwala said they went ahead in spite of knowing
that factory may see trade union movement and stop the
company.
This was achieved by having innovative ideas –
Choosing site in remote place
Engaging employees in entertain/games , activities post
office hours, trust building activities.
Job rotation activities and they survived for 20 years.
Forming clubs and inculcating competition among clubs.
8. Brain storming with Innovative
thinker & ecosystem
Scientists say best way to jiggle the synapses is
to expose your self to people and ideas that
are different, who challenges your way of
thinking.
Strong Innovation eco system –Academic
Anchors are must.
9. Management of Innovation
• Management of Innovation shall vary depending on sizes of
companies and number of business segments being handled
by companies.
• Innovation cell to be delinked with direct organization
hierarchy to avoid direct interference of immediate superior
who is more interested for day to day task of a particular
project.
10. Process in Management of
Innovation
The flow of innovation shall be
1. Ideator. Ideator must substantiate his ideas with necessary back up
and analysis.
2. Champion of the relevant subject.
3. Ideally Champion shall be recognized expert in the field with
analytical mind and be able to gauge the merits i.e. benefits vs. return
on investment.
4. Back to ideator stating status of the same.
5. Later on Ideator shall be allowed to work on the ideas along with
designated project manager or project director part time or full time
depending on contribution ideator can provide .
6. The whole process starting from idea with the challenges and
opportunities can be done on line to have better management for a
large organization .
11. Management of Innovation
• Innovation cell some time can seek ideas from
employees across the organization for a potential
problem of a cross functional discipline.
• This is due to the fact that ideas are no body’s monopoly.
12. SEVEN PRINCIPLE AS FOLLOWED BY STEVE JOBS AND MANY
SUCCESSFUL BUSINESS LEADERS AND ENTERPRENEURS.
PRINCIPLE 1 : DO WHAT YOU LOVE- CAREER
PRINCIPLE 2 : PUT A DENT IN UNIVERSE- VISION
EVEN GREATEST INDIAN MONK SWAMI VEVEKA NANDA SPOKE –LEAVE
INDELIBLE MARK IN THE WORLD.
PRINCIPLE 3 : KICK START YOUR BRAIN-THOUGHTS
PRINCIPLE 4 : SELL DREAMS AND NOT PRODUCTS-CUSTOMERS
PRINCIPLE 5 : SAY NO TO 1000 THINGS-DESIGN
PRINCIPLE 6 : CREATE INSANELY GREAT EXPERIENCE-EXPERIENCE
PRINCIPLE 7 : MASTER THE MESSAGES. -STORY
13. CHALLENGING CONVENTIONAL WISDOM IN
ENGINEERING –CASE STUDIES.
Flare design in petrochemical plant is one of the most
challenging tasks and it becomes further challenging if it
handles cryogenic ethane which has B.P minus 89deg cen.
Flare require to have slope(1 : 500) as per code API 521 to
drive out condensate and only release vented gas for
incineration.
14. CHALLENGING CONVENTIONAL WISDOM –
CASE STUDIES.
The problem is compounded if flare pipe is planned to route on
existing pipe rack and then travel a distance of 3.5 km before the
same is flared in stack.
The existing structure was to be raised by 9 meter to have absolute
elevation of 21 meter and then sloping to 13 meter elevation before
this reaches to knock out drum .
15. CHALLENGING CONVENTIONAL WISDOM
IN ENGINEERING –CASE STUDIES.
This design was uneconomical as additional
loading in existing structure was not
acceptable.
16. CHALLENGING CONVENTIONAL WISDOM IN
ENGINEERING –PROCESS ENGINEERING
The question was asked if 1:500 as prescribed in code is
sacrosanct for all kind of flare’s liquids& vapour or not as
ethane which is relief discharge will remain gas all the
time and then where is the question of draining liquid. So
slope was reduced to 1: 1000 and then to 1:1500.
Even though complete slope could be avoided
however some slope was retained to take care
unknown factors in case of emergencies.
This reduced the cost of additional structures .
17. CHALLENGING CONVENTIONAL WISDOM IN
ENGINEERING –CASE STUDIES.-PIPE STRESS
ANALYSIS
Applicable pipe support span for industrial /refinery piping is till
considered based on old engineering standards when the
calculation was done manually with very high factor of safety
of allowable stress due to non availability of fem application
in calculation through software.
Today with the advent of well proven software on pipe stress
analysis and as a matter fact when all lines are stress analyzed
, the support span can be increased based on calculation
and hence number of supports and structure can be
reduced.
This conclusion was based on challenging conventional
wisdom which was being followed for thirty to forty years.
18. Engineering -R&D Related
Use of digital technology to conduct engineering quiz to
sharpen skills on basics occasionally.
This is very important for engineering or any kind of business to
keep various connections in our brain firing.
Many quiz are conducted in RIL to sharpen thinking abilities.
19. Engineering R&D Related
Basics of rules of nature or laws of science remain same. If we
forget our hard earned education we may not be able to think
further. More over there is a huge connectivity with science
and human life style.
Economics and human life.
Science with economics.
20. Innovation in getting
information.
Reading every day minimum one hour newspaper- editorial
page and related technical journal provide what is presently
happening in industry/country/world.
This guide the managers which way industries will grow in
future.
21. Case studies -Retail business
Adoption of online business model.
This save cost of leasing of Real estate by seller and hiring staff.
Customers get benefit of saving time and save transport cost.
Offsite storage of material to be arranged and online business
model.
Reduces traffic on road so air pollutions are reduced.
22. Case studies - HR
In todays corporate world most of the
companies are having documented business
ethics to be followed by employees. Same
companies also some time teaches modules of
Management education from big institution .
This education may not or not necessary to
match with companies V&B.
23. Case studies-HR
So this is advisable to customize the
same to suit companies need even if
required change of phonetics to make it
understandable by employees.
24. Case studies-HR
Gender balance in industries
This is highly recommended to have fair
promotion policy of women employees at
par with male employees.
This is also recommended for grooming of
women employees for future directors to be
elevated to the board. This is as per SEBI
policy to reserve certain % position by
women.
25. CASE STUDIES-HR
There is expectation there will be void of
availability of qualified women
employees in the industries for these
positions.
26. CASE STUDIES IN HR
Discontinuation of Bell curve
In knowledge based industries where
employees work in project this is advisable to
discontinue Bell curve .This generate more
dissatisfaction among employees as basis of
comparison do not have level playing ground.
This is due to unique ness of each project.
27. CASE STUDIES- HR
Business transformation vs. organizational cynicism
problem.
Organization makes lot of changes as business
transformation however organization cynicism
problems are not addressed carefully. This problem
are little bit complex in India as here employees
come from various states, caste ,creed , having
different mother tongue as a result there is cynicism
among employees.
28. Their career growth are not looked in to
fair and transparent way . The
grievances may be even in allotment of
assignment.
The same to be addressed on one to
one basis during the year.
CASE STUDIES- HR
29. CASE STUDIES IN IT
Equipping employees with necessary
computer gadgets
Nowadays many companies are
encouraging employees to listen lecture
from YouTube or may be company
launched audio video channels stuffed
with lectures from external faculties.
This is observed the benefits do not reach
employees as employee sits in the hall.
32. CASE STUDIES-HR
Futuristic strategy for success of managers.
Manager is to be up to date what
happened in the past ,happening at
present and what may happen in future .
As for example globalization /de-
globalization and American president
Donald Trumps policy.
Globalization & de- globalization comes as
day and night in our life.
33. CASE STUDIES-INNOVATION
Starting of Innovation club in the
company. The same to have display of
various success stories with-
proto type model if necessary.
This will motivate employees to
participate.
34. CASE STUDIES-CSR ACTIVITIES
Building centralized library with hard copy
books. Encouraging employees to read hard
copy books rather than reading from E library.
One can assimilate more by reading from hard
copy books rather than from e book.
35. CASE STUDIES-CLIMATE CHANGES
Curbing air pollution of cities.
This is understood that Automobile industries are
gearing to change their engines to be compliant
with BSVI fuel by April 2020. Accordingly Refineries
to gear up with production of gasoline with RON
91 to 95. So these are opportunities for Refineries-
oil companies.