SlideShare a Scribd company logo
world-class innovation
the innovation workgroup
0
World-Class Innovation
Services Offered by
the innovation workgroup
world-class innovation
the innovation workgroup
1
Our mission
• The Innovation Workgroup exists so that enterprises in
India and beyond can become world-class innovators.
• World-Class means that your innovation process,
innovation system and innovation results are on a par
with those of the world’s most innovative companies.
• Innovation means conceiving and implementing new
ways to improve business results.
world-class innovation
the innovation workgroup
2
Some of the organisations we have served
world-class innovation
the innovation workgroup
3
Our World-Class Team
• All Senior-Level Consultants
• Were Previously Innovation Directors, Managers, etc.
• Includes Inventors, Patent Holders
• Innovation Lab Experience
• Expert Facilitators/Coaches
• Worked for Leading Organizations
• Global Exposure
• Experience in Multiple Industries
• Profiles Available Upon Request
world-class innovation
the innovation workgroup
4
How Can Innovation Improve Your Results?
Innovation
•New products
•New processes
Differentiation
•More benefits
•Lower costs
Competitive
Advantage
•Increased sales
•Higher margins
world-class innovation
the innovation workgroup
5
The path to world-class innovation
(As Rare As
Unicorns)
Accidental
Innovators
Fit For
Purpose
Stars World Class
Potential
Stars
Thinking
About
Innovation
Not
Innovating
Much
Bewildered
Innovation Commitment
InnovationCompetence
Source: Tim Kastelle http://timkastelle.org/blog
world-class innovation
the innovation workgroup
6
Collaborate with us to reach world-class
We address both axes on the Innovation Matrix
• Competence. We coach and lead your associates to
master and apply the most effective tools and
methods used by the world’s most innovative firms.
• Commitment. We coach and support your business
leaders to determine and implement the right policies,
programs and structures for your organization to
create a culture of innovation.
world-class innovation
the innovation workgroup
7
How do we improve your competence?
• We will lead your team to develop an innovative solution to
a challenge (a problem or opportunity in any area of your
business, preferably a stretch target worth hundreds or even
thousands of crores) that you assign. As your team works on
the challenge under our guidance, they will master our
world-class, three-step innovation process. There are two
deliverables:
1. A solution to your assigned challenge
2. Employees trained in and competent to use a world-class
innovation process and toolkit to address other challenges
world-class innovation
the innovation workgroup
8
World-class innovation process
The Innovation Workgroup System is a Three-Step Process
Discover Invent Refine
•Innovation starts
when innovators
discover a new
insight. Most
companies omit
this important step.
•Innovations
produce profit only
if they are
developed and
launched quickly
and inexpensively.
•Breakthrough
innovation occurs
when an idea is
original and
unique, not just a
minor change.
world-class innovation
the innovation workgroup
9
World-class goals and tools for each step
SEARCHING FOR INSIGHTS
– Customer Insights
• Problems
• Unvoiced needs
– Technology Insights
• New applications
• Improvements
TECHNIQUES AND TOOLS
– Customer/user observation
– Ethnography
– Skilled interviewing
– Analysis of user observations
– Technology monitoring
– Journeys to the future
Discover
CREATING ORIGINAL SOLUTIONS
– Totally new solutions
• Lateral thinking
• Perspective shifting
• Prolific, guided ideation
– Better Ideas
• Fact-based solutions
TECHNIQUES AND TOOLS
– Brainstorming
– Lateral thinking
– TRIZ
– Clustering
– Rapid estimation
– Wisdom of crowds
VALIDATING AND LAUNCHING
– Thoroughly tested solutions
• Stakeholder approved
• Value creating
• Technologically feasible
– Efficient idea development
• Low cost, speedy process
TECHNIQUES AND TOOLS
– Rapid, iterative prototyping
– Customer feedback gathering
– Participatory design
– Positioning analysis
– Experimental design
– Market testing
Invent Refine
world-class innovation
the innovation workgroup
10
What is the right level of commitment?
• We will mentor a team of your top management or
their nominees to gain deep insights into the factors
that enable and block innovation in your unique
corporate culture. Then, based on these insights, we
will coach the team to develop, test and launch a set
of policies, programs and structures that will produce
profit-improving innovation on a consistent basis. The
goal is to set the level of commitment that best fits your
company’s strategy, goals and constraints to maximize
the return on investment from innovation.
world-class innovation
the innovation workgroup
11
How to engage The Innovation Workgroup
• We offer five options
1. Challenge-based innovation project
2. Culture of Innovation project
3. Innovation personality profiling (individuals)
4. Introductory workshop or short program
5. Innovation audit
world-class innovation
the innovation workgroup
12
Model 1: Challenge-based innovation
• Apply world-class innovation directly to a major
challenge in any area of the business (see slide 8)
Model Solution Delivered (Maturity) Skills Gained Duration
Full-time
project
(4-6 associates,
2 consultants)
Comprehensive solution development at
a world-class level with testing and
validation
Professional
competence
3-13 weeks*
Part-time
project
(12-20
associates, 1
consultant)
Comprehensive solution development
with testing and validation, fresher level
Post-Graduate
competence
6-13 weeks**
*Depends on complexity of challenge selected and location of field work.
** Depends on percentage of employee work week allotted to the engagement.
world-class innovation
the innovation workgroup
13
Model 2: Culture of Innovation project
• Apply world-class innovation to the challenge of
building a culture of innovation in your organization
Model Solution Delivered (Maturity) Skills Gained Duration
Full-time
project
(4-6 associates,
2 consultants)
Comprehensive set of policies, programs
and structures designed to promote
successful innovation in your organization.
Professional
competence
3-4 weeks
Part-time
project
(12-20
associates, 1
consultant)
Comprehensive set of policies, programs
and structures designed to promote
successful innovation in your organization.
Post-Graduate
competence
6-9 weeks
world-class innovation
the innovation workgroup
14
Model 3: Innovation Personality Profiling
• We have brought the world’s foremost innovation
assessment tool to India to enable companies to assign
their employees where they will be most productive in
the innovation cycle
• Positive approach builds confidence for every
employee who is assessed. No one is rated “not
innovative”
• Low cost per test allows testing of the full innovation
team
world-class innovation
the innovation workgroup
15
Model 4: Introductory workshop/program
• Expose staff to world-class innovation
• Introduce new approaches and ways of thinking
• Build excitement about innovation
• Challenge-based workshops provide practice in innovation tools
and techniques
• Workshops available for business challenges, culture-building
challenge, functional specialties, specific innovation methods
• Choose half-day, one-day, two-day or three-day workshops
• Option to train your trainers to bring programs in-house
• Short programs and keynote addresses available
• All programs are customizable for your organization at no
additional cost
world-class innovation
the innovation workgroup
16
Model 5: Innovation Audit
• We spend one day with you onsite observing your
operations and interviewing your managers and
associates
• We perform analysis using our proprietary diagnostic
instrument, which is based on best practices in use at
the world’s most innovative companies
• You receive a detailed assessment of your innovation
system and process, including gaps where change will
produce quantum improvements in your results
world-class innovation
the innovation workgroup
17
Bonus: Exchange of views
• Up to two hours with your senior leaders to discuss
world-class innovation and your views on innovation
• Session is guaranteed to add value to your top team
through new perspectives, new facts about
innovation, and new inspiration through success stories
from other enterprises
• No professional fee (travel expenses may apply)
world-class innovation
the innovation workgroup
18
The Innovation Workgroup is different
• Instead of selling you a solution, we teach your team to invent a new,
original solution
• You’re not the same as any other company, so every engagement is
customized for you. We don’t try to repeat a solution from another
engagement, because it probably wouldn’t work in your company
anyway
• We respect your knowledge and experience. Our job is to add our
innovation expertise to your knowledge and experience
• We are focused on results. The goal is to generate hundreds of crores
or even thousands of crores of new revenues and profits
• Our pricing reflects our world-class expertise and our Indian
environment. We cost more than less experienced consultants, but
we’re considerably more affordable than other world-class firms
world-class innovation
the innovation workgroup
19
Sample Price Ranges
Model Outcomes Option A Option B
Challenge-Based
Innovation
Your team invents an innovative solution to a
business challenge worth hundreds or even
thousands of crores, while learning world-class
innovation
Full-time
15-50 lakhs
Part-time
8-15 lakhs
Culture of
Innovation
Your team invents policies, programs and
structures to promote world-class innovation in
your organization
Full-time
15-30 lakhs
Part-time
8-15 lakhs
Assessment of
Capabilities
Discover the innovation profiles of your
innovation team members
Small number
850 rupees each
Large number
discounted
Introductory
Workshop or Short
Program
Build excitement about world-class innovation.
Introduce new approaches and ways of thinking
2-day workshop
3.4 lakhs
1-day 2.2 lakhs
½-day 1.2 lakhs
Keynote 1.1 lakhs
Innovation Audit Learn where your innovation system can be
improved to reach world-class standards and
achieve better results
Flat fee, 1.1 lakhs Not applicable
(standardized
offering)
world-class innovation
the innovation workgroup
20
Affordable or expensive?
EXPENSIVE!
Costs more than junior
consultants with only
domestic exposure
Takes employees away
from urgent tasks for 10% to
80% of the work week for
days or weeks.
Expense requires senior-
level budgetary approval
AFFORDABLE!
Costs less than foreign
consultants with similar
experience
Equips employees to
contribute repeatedly to
business improvement with
world-class innovation
Return on investment can
easily reach 100x or more
world-class innovation
the innovation workgroup
21
Profile: David Wittenberg, CEO
Known as India’s resident innovation guru, David brings world-class
innovation to top-tier Indian and multi-national corporations including
Reliance Industries, Tata and Ericsson. The author of The Executive’s
Guide to Innovation, David introduces global best practices in the
discipline of innovation so that firms can manage innovation for
breakthrough results.
Prior to founding The Innovation Workgroup, David worked at one of
the world’s leading innovation labs, the Advanced Concepts and
Technology group at Pitney Bowes, a Fortune 500 corporation. A lifelong
innovator, David holds two patents, has written five books, is a published songwriter, and has
created four business solutions that each generated more than $1 million.
Earlier in his career, David worked as an independent management consultant for such
firms as American Express, AT&T, Kelly Services, Philip Morris, Standard & Poor’s and UPS.
David earned his MBA in international management with honors from the Thunderbird
School of Global Management, where he served as a research assistant and co-wrote three
business cases. A highly-rated speaker, he has lectured on innovation, marketing, strategy,
entrepreneurship and salesmanship, and has taught business at Stratford University and
FOSTIIMA Business School. He resides in New Delhi.
world-class innovation
the innovation workgroup
22
Thank you
the innovation workgroup
world-class innovation
Your feedback and enquiries are welcome
Ajay Sanghani, COO
Telephone +91 98200 20753
E-mail ajay@theinnovationworkgroup.com

More Related Content

What's hot

Implementing Innovation in Organizations: TrendsSpotting's Innovation Assessm...
Implementing Innovation in Organizations: TrendsSpotting's Innovation Assessm...Implementing Innovation in Organizations: TrendsSpotting's Innovation Assessm...
Implementing Innovation in Organizations: TrendsSpotting's Innovation Assessm...
Taly Weiss
 
Implementation and value creation elements of innovation
Implementation and value creation elements of innovationImplementation and value creation elements of innovation
Implementation and value creation elements of innovation
EvelynRosario6
 
Organisational innovation
Organisational innovationOrganisational innovation
Organisational innovation
Charanya Naidu
 
The Eight Characteristics of Innovation Program (First Three) by Irish E. E...
The Eight  Characteristics of Innovation Program  (First Three) by Irish E. E...The Eight  Characteristics of Innovation Program  (First Three) by Irish E. E...
The Eight Characteristics of Innovation Program (First Three) by Irish E. E...
IrishFlores6
 
Downloadable Slide Presentation from the Innovation Portfolio Management Webinar
Downloadable Slide Presentation from the Innovation Portfolio Management WebinarDownloadable Slide Presentation from the Innovation Portfolio Management Webinar
Downloadable Slide Presentation from the Innovation Portfolio Management WebinarThink For A Change
 
A Pragmatic Approach To Corporate Innovation – Experiences of Consafe Logistics
A Pragmatic Approach To Corporate Innovation –  Experiences of Consafe LogisticsA Pragmatic Approach To Corporate Innovation –  Experiences of Consafe Logistics
A Pragmatic Approach To Corporate Innovation – Experiences of Consafe Logistics
Ideon Open
 
CREATIVITY AND PROBLEM SOLVING IN THE DEVELOPMENT OF ORGANIZATIONAL INNOVATION
CREATIVITY AND PROBLEM SOLVING IN THE DEVELOPMENT OF ORGANIZATIONAL INNOVATIONCREATIVITY AND PROBLEM SOLVING IN THE DEVELOPMENT OF ORGANIZATIONAL INNOVATION
CREATIVITY AND PROBLEM SOLVING IN THE DEVELOPMENT OF ORGANIZATIONAL INNOVATION
APGICO- Associação Portuguesa de Inovação e Criatividade
 
Beyond Operation Excellence - Christian Houborg, Lundbeck - Shingo journey
Beyond Operation Excellence - Christian Houborg, Lundbeck - Shingo journeyBeyond Operation Excellence - Christian Houborg, Lundbeck - Shingo journey
Beyond Operation Excellence - Christian Houborg, Lundbeck - Shingo journeyInvest Northern Ireland
 
PDMA-India International Conference 2017 - Welcome Address
PDMA-India International Conference 2017 - Welcome AddressPDMA-India International Conference 2017 - Welcome Address
PDMA-India International Conference 2017 - Welcome Address
Venkadesh Narayanan
 
Leading Innovation
Leading InnovationLeading Innovation
Leading Innovation
Tim Howell
 
KM: Improving and Sustaining Quality - Some Opportunities and Challenges of I...
KM: Improving and Sustaining Quality - Some Opportunities and Challenges of I...KM: Improving and Sustaining Quality - Some Opportunities and Challenges of I...
KM: Improving and Sustaining Quality - Some Opportunities and Challenges of I...Dr. Helen Paige
 
2013-03 Creating a Culture of Innovation for Health Plans
2013-03 Creating a Culture of Innovation for Health Plans2013-03 Creating a Culture of Innovation for Health Plans
2013-03 Creating a Culture of Innovation for Health Plans
imagine.GO
 
Classification and Elements of Innovation
Classification and Elements of InnovationClassification and Elements of Innovation
Classification and Elements of Innovation
Michelle A. Galamgam
 
What Success Looks Like in New Product Development
What Success Looks Like in New Product DevelopmentWhat Success Looks Like in New Product Development
What Success Looks Like in New Product Development
Venkadesh Narayanan
 
CFW - Continuous Improvement & Lean Techniques
CFW - Continuous Improvement & Lean TechniquesCFW - Continuous Improvement & Lean Techniques
CFW - Continuous Improvement & Lean Techniques
Rae Davies
 
Prosci Change Agility Webinar 230216
Prosci Change Agility Webinar 230216Prosci Change Agility Webinar 230216
Prosci Change Agility Webinar 230216
Catherine Smithson
 
Why Responsiveness Matters
Why Responsiveness Matters   Why Responsiveness Matters
Why Responsiveness Matters
Lean Enterprise Academy
 
James Lyons -The Challenges of Operational Excellence and the Achievement of ...
James Lyons -The Challenges of Operational Excellence and the Achievement of ...James Lyons -The Challenges of Operational Excellence and the Achievement of ...
James Lyons -The Challenges of Operational Excellence and the Achievement of ...
MarkLeeson
 
The Lean Transformation
The Lean Transformation The Lean Transformation
The Lean Transformation
Dave Salzwedel
 
Lean manufacturing - A brief history and tools
Lean manufacturing - A brief history and toolsLean manufacturing - A brief history and tools
Lean manufacturing - A brief history and tools
Dhanaperumal V
 

What's hot (20)

Implementing Innovation in Organizations: TrendsSpotting's Innovation Assessm...
Implementing Innovation in Organizations: TrendsSpotting's Innovation Assessm...Implementing Innovation in Organizations: TrendsSpotting's Innovation Assessm...
Implementing Innovation in Organizations: TrendsSpotting's Innovation Assessm...
 
Implementation and value creation elements of innovation
Implementation and value creation elements of innovationImplementation and value creation elements of innovation
Implementation and value creation elements of innovation
 
Organisational innovation
Organisational innovationOrganisational innovation
Organisational innovation
 
The Eight Characteristics of Innovation Program (First Three) by Irish E. E...
The Eight  Characteristics of Innovation Program  (First Three) by Irish E. E...The Eight  Characteristics of Innovation Program  (First Three) by Irish E. E...
The Eight Characteristics of Innovation Program (First Three) by Irish E. E...
 
Downloadable Slide Presentation from the Innovation Portfolio Management Webinar
Downloadable Slide Presentation from the Innovation Portfolio Management WebinarDownloadable Slide Presentation from the Innovation Portfolio Management Webinar
Downloadable Slide Presentation from the Innovation Portfolio Management Webinar
 
A Pragmatic Approach To Corporate Innovation – Experiences of Consafe Logistics
A Pragmatic Approach To Corporate Innovation –  Experiences of Consafe LogisticsA Pragmatic Approach To Corporate Innovation –  Experiences of Consafe Logistics
A Pragmatic Approach To Corporate Innovation – Experiences of Consafe Logistics
 
CREATIVITY AND PROBLEM SOLVING IN THE DEVELOPMENT OF ORGANIZATIONAL INNOVATION
CREATIVITY AND PROBLEM SOLVING IN THE DEVELOPMENT OF ORGANIZATIONAL INNOVATIONCREATIVITY AND PROBLEM SOLVING IN THE DEVELOPMENT OF ORGANIZATIONAL INNOVATION
CREATIVITY AND PROBLEM SOLVING IN THE DEVELOPMENT OF ORGANIZATIONAL INNOVATION
 
Beyond Operation Excellence - Christian Houborg, Lundbeck - Shingo journey
Beyond Operation Excellence - Christian Houborg, Lundbeck - Shingo journeyBeyond Operation Excellence - Christian Houborg, Lundbeck - Shingo journey
Beyond Operation Excellence - Christian Houborg, Lundbeck - Shingo journey
 
PDMA-India International Conference 2017 - Welcome Address
PDMA-India International Conference 2017 - Welcome AddressPDMA-India International Conference 2017 - Welcome Address
PDMA-India International Conference 2017 - Welcome Address
 
Leading Innovation
Leading InnovationLeading Innovation
Leading Innovation
 
KM: Improving and Sustaining Quality - Some Opportunities and Challenges of I...
KM: Improving and Sustaining Quality - Some Opportunities and Challenges of I...KM: Improving and Sustaining Quality - Some Opportunities and Challenges of I...
KM: Improving and Sustaining Quality - Some Opportunities and Challenges of I...
 
2013-03 Creating a Culture of Innovation for Health Plans
2013-03 Creating a Culture of Innovation for Health Plans2013-03 Creating a Culture of Innovation for Health Plans
2013-03 Creating a Culture of Innovation for Health Plans
 
Classification and Elements of Innovation
Classification and Elements of InnovationClassification and Elements of Innovation
Classification and Elements of Innovation
 
What Success Looks Like in New Product Development
What Success Looks Like in New Product DevelopmentWhat Success Looks Like in New Product Development
What Success Looks Like in New Product Development
 
CFW - Continuous Improvement & Lean Techniques
CFW - Continuous Improvement & Lean TechniquesCFW - Continuous Improvement & Lean Techniques
CFW - Continuous Improvement & Lean Techniques
 
Prosci Change Agility Webinar 230216
Prosci Change Agility Webinar 230216Prosci Change Agility Webinar 230216
Prosci Change Agility Webinar 230216
 
Why Responsiveness Matters
Why Responsiveness Matters   Why Responsiveness Matters
Why Responsiveness Matters
 
James Lyons -The Challenges of Operational Excellence and the Achievement of ...
James Lyons -The Challenges of Operational Excellence and the Achievement of ...James Lyons -The Challenges of Operational Excellence and the Achievement of ...
James Lyons -The Challenges of Operational Excellence and the Achievement of ...
 
The Lean Transformation
The Lean Transformation The Lean Transformation
The Lean Transformation
 
Lean manufacturing - A brief history and tools
Lean manufacturing - A brief history and toolsLean manufacturing - A brief history and tools
Lean manufacturing - A brief history and tools
 

Similar to World Class Innovation

Sit smes innovation gen tienhoang
Sit smes innovation gen tienhoang Sit smes innovation gen tienhoang
Sit smes innovation gen tienhoang
Tien Hoang
 
INNOVATION MANAGEMENT.pdf
INNOVATION MANAGEMENT.pdfINNOVATION MANAGEMENT.pdf
INNOVATION MANAGEMENT.pdf
MuhammadUbaid49
 
Innovation Management Support - Accialini Training & Consulting
Innovation Management Support - Accialini Training & ConsultingInnovation Management Support - Accialini Training & Consulting
Innovation Management Support - Accialini Training & Consulting
Nicola Accialini
 
Innovation Workshops - MIT ID Innovation
Innovation Workshops - MIT ID InnovationInnovation Workshops - MIT ID Innovation
Innovation Workshops - MIT ID Innovation
Pankaj Deshpande
 
Innovation Process - MIT ID Innovation
Innovation Process - MIT ID InnovationInnovation Process - MIT ID Innovation
Innovation Process - MIT ID Innovation
Pankaj Deshpande
 
Design Thinking Unit 1 .pdf
Design Thinking Unit 1 .pdfDesign Thinking Unit 1 .pdf
Design Thinking Unit 1 .pdf
NishuKatiyar
 
The Exchange - 14 Week Business Model Innovation Bootcamp
 The Exchange - 14 Week Business Model Innovation Bootcamp The Exchange - 14 Week Business Model Innovation Bootcamp
The Exchange - 14 Week Business Model Innovation Bootcamp
Jillian Kilby FIEAust GAICD
 
Venture Path
Venture PathVenture Path
Venture Path
Deloitte UK
 
Learning &Development
Learning &DevelopmentLearning &Development
Learning &Development
Prakrut Mehta
 
Strategic Innovation Process
Strategic Innovation ProcessStrategic Innovation Process
Strategic Innovation ProcessCijo Abraham Mani
 
Innovation management
Innovation managementInnovation management
Innovation management
NatyraDikaKerluku
 
INNOVATION MANAGEMENT IN SUPPLY CHAIN LOGISTICS MANAGEMENT - Lecture 1.pptx
INNOVATION MANAGEMENT IN SUPPLY CHAIN  LOGISTICS MANAGEMENT - Lecture 1.pptxINNOVATION MANAGEMENT IN SUPPLY CHAIN  LOGISTICS MANAGEMENT - Lecture 1.pptx
INNOVATION MANAGEMENT IN SUPPLY CHAIN LOGISTICS MANAGEMENT - Lecture 1.pptx
HassanHani5
 
Innovation management
Innovation management Innovation management
Innovation management
DOCMANProject
 
XL family: Corporate Acceleration
XL family: Corporate AccelerationXL family: Corporate Acceleration
XL family: Corporate Acceleration
Anne Twilt
 
XL family: Corporate Acceleration
XL family: Corporate AccelerationXL family: Corporate Acceleration
XL family: Corporate Acceleration
Anne Twilt
 
Corporate Social Responsibility Innovation (CSR-i) Program
Corporate Social Responsibility Innovation (CSR-i) ProgramCorporate Social Responsibility Innovation (CSR-i) Program
Corporate Social Responsibility Innovation (CSR-i) Program
Envisioning Labs
 
Pres 132 craig wirkus august 3 2016
Pres 132 craig wirkus august 3 2016Pres 132 craig wirkus august 3 2016
Innovation 360 corporate profile
Innovation 360 corporate profile Innovation 360 corporate profile
Innovation 360 corporate profile
Kamal Hassan
 
Lavacon2010 collaboration innovation_smithaschwanden
Lavacon2010 collaboration innovation_smithaschwandenLavacon2010 collaboration innovation_smithaschwanden
Lavacon2010 collaboration innovation_smithaschwandenvaschwan
 

Similar to World Class Innovation (20)

Sit smes innovation gen tienhoang
Sit smes innovation gen tienhoang Sit smes innovation gen tienhoang
Sit smes innovation gen tienhoang
 
INNOVATION MANAGEMENT.pdf
INNOVATION MANAGEMENT.pdfINNOVATION MANAGEMENT.pdf
INNOVATION MANAGEMENT.pdf
 
Innovation Management Support - Accialini Training & Consulting
Innovation Management Support - Accialini Training & ConsultingInnovation Management Support - Accialini Training & Consulting
Innovation Management Support - Accialini Training & Consulting
 
Innovation Workshops - MIT ID Innovation
Innovation Workshops - MIT ID InnovationInnovation Workshops - MIT ID Innovation
Innovation Workshops - MIT ID Innovation
 
Innovation Process - MIT ID Innovation
Innovation Process - MIT ID InnovationInnovation Process - MIT ID Innovation
Innovation Process - MIT ID Innovation
 
Design Thinking Unit 1 .pdf
Design Thinking Unit 1 .pdfDesign Thinking Unit 1 .pdf
Design Thinking Unit 1 .pdf
 
driving-innovation
driving-innovationdriving-innovation
driving-innovation
 
The Exchange - 14 Week Business Model Innovation Bootcamp
 The Exchange - 14 Week Business Model Innovation Bootcamp The Exchange - 14 Week Business Model Innovation Bootcamp
The Exchange - 14 Week Business Model Innovation Bootcamp
 
Venture Path
Venture PathVenture Path
Venture Path
 
Learning &Development
Learning &DevelopmentLearning &Development
Learning &Development
 
Strategic Innovation Process
Strategic Innovation ProcessStrategic Innovation Process
Strategic Innovation Process
 
Innovation management
Innovation managementInnovation management
Innovation management
 
INNOVATION MANAGEMENT IN SUPPLY CHAIN LOGISTICS MANAGEMENT - Lecture 1.pptx
INNOVATION MANAGEMENT IN SUPPLY CHAIN  LOGISTICS MANAGEMENT - Lecture 1.pptxINNOVATION MANAGEMENT IN SUPPLY CHAIN  LOGISTICS MANAGEMENT - Lecture 1.pptx
INNOVATION MANAGEMENT IN SUPPLY CHAIN LOGISTICS MANAGEMENT - Lecture 1.pptx
 
Innovation management
Innovation management Innovation management
Innovation management
 
XL family: Corporate Acceleration
XL family: Corporate AccelerationXL family: Corporate Acceleration
XL family: Corporate Acceleration
 
XL family: Corporate Acceleration
XL family: Corporate AccelerationXL family: Corporate Acceleration
XL family: Corporate Acceleration
 
Corporate Social Responsibility Innovation (CSR-i) Program
Corporate Social Responsibility Innovation (CSR-i) ProgramCorporate Social Responsibility Innovation (CSR-i) Program
Corporate Social Responsibility Innovation (CSR-i) Program
 
Pres 132 craig wirkus august 3 2016
Pres 132 craig wirkus august 3 2016Pres 132 craig wirkus august 3 2016
Pres 132 craig wirkus august 3 2016
 
Innovation 360 corporate profile
Innovation 360 corporate profile Innovation 360 corporate profile
Innovation 360 corporate profile
 
Lavacon2010 collaboration innovation_smithaschwanden
Lavacon2010 collaboration innovation_smithaschwandenLavacon2010 collaboration innovation_smithaschwanden
Lavacon2010 collaboration innovation_smithaschwanden
 

Recently uploaded

The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
LuanWise
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
DerekIwanaka1
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
Corey Perlman, Social Media Speaker and Consultant
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
Auditing study material for b.com final year students
Auditing study material for b.com final year  studentsAuditing study material for b.com final year  students
Auditing study material for b.com final year students
narasimhamurthyh4
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
Lviv Startup Club
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
balatucanapplelovely
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
WilliamRodrigues148
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
daothibichhang1
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
JeremyPeirce1
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 

Recently uploaded (20)

The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
Auditing study material for b.com final year students
Auditing study material for b.com final year  studentsAuditing study material for b.com final year  students
Auditing study material for b.com final year students
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 

World Class Innovation

  • 1. world-class innovation the innovation workgroup 0 World-Class Innovation Services Offered by the innovation workgroup
  • 2. world-class innovation the innovation workgroup 1 Our mission • The Innovation Workgroup exists so that enterprises in India and beyond can become world-class innovators. • World-Class means that your innovation process, innovation system and innovation results are on a par with those of the world’s most innovative companies. • Innovation means conceiving and implementing new ways to improve business results.
  • 3. world-class innovation the innovation workgroup 2 Some of the organisations we have served
  • 4. world-class innovation the innovation workgroup 3 Our World-Class Team • All Senior-Level Consultants • Were Previously Innovation Directors, Managers, etc. • Includes Inventors, Patent Holders • Innovation Lab Experience • Expert Facilitators/Coaches • Worked for Leading Organizations • Global Exposure • Experience in Multiple Industries • Profiles Available Upon Request
  • 5. world-class innovation the innovation workgroup 4 How Can Innovation Improve Your Results? Innovation •New products •New processes Differentiation •More benefits •Lower costs Competitive Advantage •Increased sales •Higher margins
  • 6. world-class innovation the innovation workgroup 5 The path to world-class innovation (As Rare As Unicorns) Accidental Innovators Fit For Purpose Stars World Class Potential Stars Thinking About Innovation Not Innovating Much Bewildered Innovation Commitment InnovationCompetence Source: Tim Kastelle http://timkastelle.org/blog
  • 7. world-class innovation the innovation workgroup 6 Collaborate with us to reach world-class We address both axes on the Innovation Matrix • Competence. We coach and lead your associates to master and apply the most effective tools and methods used by the world’s most innovative firms. • Commitment. We coach and support your business leaders to determine and implement the right policies, programs and structures for your organization to create a culture of innovation.
  • 8. world-class innovation the innovation workgroup 7 How do we improve your competence? • We will lead your team to develop an innovative solution to a challenge (a problem or opportunity in any area of your business, preferably a stretch target worth hundreds or even thousands of crores) that you assign. As your team works on the challenge under our guidance, they will master our world-class, three-step innovation process. There are two deliverables: 1. A solution to your assigned challenge 2. Employees trained in and competent to use a world-class innovation process and toolkit to address other challenges
  • 9. world-class innovation the innovation workgroup 8 World-class innovation process The Innovation Workgroup System is a Three-Step Process Discover Invent Refine •Innovation starts when innovators discover a new insight. Most companies omit this important step. •Innovations produce profit only if they are developed and launched quickly and inexpensively. •Breakthrough innovation occurs when an idea is original and unique, not just a minor change.
  • 10. world-class innovation the innovation workgroup 9 World-class goals and tools for each step SEARCHING FOR INSIGHTS – Customer Insights • Problems • Unvoiced needs – Technology Insights • New applications • Improvements TECHNIQUES AND TOOLS – Customer/user observation – Ethnography – Skilled interviewing – Analysis of user observations – Technology monitoring – Journeys to the future Discover CREATING ORIGINAL SOLUTIONS – Totally new solutions • Lateral thinking • Perspective shifting • Prolific, guided ideation – Better Ideas • Fact-based solutions TECHNIQUES AND TOOLS – Brainstorming – Lateral thinking – TRIZ – Clustering – Rapid estimation – Wisdom of crowds VALIDATING AND LAUNCHING – Thoroughly tested solutions • Stakeholder approved • Value creating • Technologically feasible – Efficient idea development • Low cost, speedy process TECHNIQUES AND TOOLS – Rapid, iterative prototyping – Customer feedback gathering – Participatory design – Positioning analysis – Experimental design – Market testing Invent Refine
  • 11. world-class innovation the innovation workgroup 10 What is the right level of commitment? • We will mentor a team of your top management or their nominees to gain deep insights into the factors that enable and block innovation in your unique corporate culture. Then, based on these insights, we will coach the team to develop, test and launch a set of policies, programs and structures that will produce profit-improving innovation on a consistent basis. The goal is to set the level of commitment that best fits your company’s strategy, goals and constraints to maximize the return on investment from innovation.
  • 12. world-class innovation the innovation workgroup 11 How to engage The Innovation Workgroup • We offer five options 1. Challenge-based innovation project 2. Culture of Innovation project 3. Innovation personality profiling (individuals) 4. Introductory workshop or short program 5. Innovation audit
  • 13. world-class innovation the innovation workgroup 12 Model 1: Challenge-based innovation • Apply world-class innovation directly to a major challenge in any area of the business (see slide 8) Model Solution Delivered (Maturity) Skills Gained Duration Full-time project (4-6 associates, 2 consultants) Comprehensive solution development at a world-class level with testing and validation Professional competence 3-13 weeks* Part-time project (12-20 associates, 1 consultant) Comprehensive solution development with testing and validation, fresher level Post-Graduate competence 6-13 weeks** *Depends on complexity of challenge selected and location of field work. ** Depends on percentage of employee work week allotted to the engagement.
  • 14. world-class innovation the innovation workgroup 13 Model 2: Culture of Innovation project • Apply world-class innovation to the challenge of building a culture of innovation in your organization Model Solution Delivered (Maturity) Skills Gained Duration Full-time project (4-6 associates, 2 consultants) Comprehensive set of policies, programs and structures designed to promote successful innovation in your organization. Professional competence 3-4 weeks Part-time project (12-20 associates, 1 consultant) Comprehensive set of policies, programs and structures designed to promote successful innovation in your organization. Post-Graduate competence 6-9 weeks
  • 15. world-class innovation the innovation workgroup 14 Model 3: Innovation Personality Profiling • We have brought the world’s foremost innovation assessment tool to India to enable companies to assign their employees where they will be most productive in the innovation cycle • Positive approach builds confidence for every employee who is assessed. No one is rated “not innovative” • Low cost per test allows testing of the full innovation team
  • 16. world-class innovation the innovation workgroup 15 Model 4: Introductory workshop/program • Expose staff to world-class innovation • Introduce new approaches and ways of thinking • Build excitement about innovation • Challenge-based workshops provide practice in innovation tools and techniques • Workshops available for business challenges, culture-building challenge, functional specialties, specific innovation methods • Choose half-day, one-day, two-day or three-day workshops • Option to train your trainers to bring programs in-house • Short programs and keynote addresses available • All programs are customizable for your organization at no additional cost
  • 17. world-class innovation the innovation workgroup 16 Model 5: Innovation Audit • We spend one day with you onsite observing your operations and interviewing your managers and associates • We perform analysis using our proprietary diagnostic instrument, which is based on best practices in use at the world’s most innovative companies • You receive a detailed assessment of your innovation system and process, including gaps where change will produce quantum improvements in your results
  • 18. world-class innovation the innovation workgroup 17 Bonus: Exchange of views • Up to two hours with your senior leaders to discuss world-class innovation and your views on innovation • Session is guaranteed to add value to your top team through new perspectives, new facts about innovation, and new inspiration through success stories from other enterprises • No professional fee (travel expenses may apply)
  • 19. world-class innovation the innovation workgroup 18 The Innovation Workgroup is different • Instead of selling you a solution, we teach your team to invent a new, original solution • You’re not the same as any other company, so every engagement is customized for you. We don’t try to repeat a solution from another engagement, because it probably wouldn’t work in your company anyway • We respect your knowledge and experience. Our job is to add our innovation expertise to your knowledge and experience • We are focused on results. The goal is to generate hundreds of crores or even thousands of crores of new revenues and profits • Our pricing reflects our world-class expertise and our Indian environment. We cost more than less experienced consultants, but we’re considerably more affordable than other world-class firms
  • 20. world-class innovation the innovation workgroup 19 Sample Price Ranges Model Outcomes Option A Option B Challenge-Based Innovation Your team invents an innovative solution to a business challenge worth hundreds or even thousands of crores, while learning world-class innovation Full-time 15-50 lakhs Part-time 8-15 lakhs Culture of Innovation Your team invents policies, programs and structures to promote world-class innovation in your organization Full-time 15-30 lakhs Part-time 8-15 lakhs Assessment of Capabilities Discover the innovation profiles of your innovation team members Small number 850 rupees each Large number discounted Introductory Workshop or Short Program Build excitement about world-class innovation. Introduce new approaches and ways of thinking 2-day workshop 3.4 lakhs 1-day 2.2 lakhs ½-day 1.2 lakhs Keynote 1.1 lakhs Innovation Audit Learn where your innovation system can be improved to reach world-class standards and achieve better results Flat fee, 1.1 lakhs Not applicable (standardized offering)
  • 21. world-class innovation the innovation workgroup 20 Affordable or expensive? EXPENSIVE! Costs more than junior consultants with only domestic exposure Takes employees away from urgent tasks for 10% to 80% of the work week for days or weeks. Expense requires senior- level budgetary approval AFFORDABLE! Costs less than foreign consultants with similar experience Equips employees to contribute repeatedly to business improvement with world-class innovation Return on investment can easily reach 100x or more
  • 22. world-class innovation the innovation workgroup 21 Profile: David Wittenberg, CEO Known as India’s resident innovation guru, David brings world-class innovation to top-tier Indian and multi-national corporations including Reliance Industries, Tata and Ericsson. The author of The Executive’s Guide to Innovation, David introduces global best practices in the discipline of innovation so that firms can manage innovation for breakthrough results. Prior to founding The Innovation Workgroup, David worked at one of the world’s leading innovation labs, the Advanced Concepts and Technology group at Pitney Bowes, a Fortune 500 corporation. A lifelong innovator, David holds two patents, has written five books, is a published songwriter, and has created four business solutions that each generated more than $1 million. Earlier in his career, David worked as an independent management consultant for such firms as American Express, AT&T, Kelly Services, Philip Morris, Standard & Poor’s and UPS. David earned his MBA in international management with honors from the Thunderbird School of Global Management, where he served as a research assistant and co-wrote three business cases. A highly-rated speaker, he has lectured on innovation, marketing, strategy, entrepreneurship and salesmanship, and has taught business at Stratford University and FOSTIIMA Business School. He resides in New Delhi.
  • 23. world-class innovation the innovation workgroup 22 Thank you the innovation workgroup world-class innovation Your feedback and enquiries are welcome Ajay Sanghani, COO Telephone +91 98200 20753 E-mail ajay@theinnovationworkgroup.com