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Thinking innovation Uday Kumar MS, MBA, CSSBB, PMP Business-Technology Transformation
Innovation or Improvement? 2
Lets Compare … Improvement Innovation Improvement ≠ Innovation 3
Are we ready to Think Innovation? Culture Issue Framework Issue 4
First things first, lets talk Culture … GREAT COMPANIES 5
Next, need a Framework for Innovation … 6
We can then start filling the Pipeline … 7
Rules of Innovation 8
Thanks!Contact: uday@kazira.com

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Innovation versus Improvement

Editor's Notes

  1. Ideais to improve performance faster that your competitionProvide a service/product that effectively marginalizes your competition, compels consumers to seek you
  2. Here is a product example and a service exampleBoth were super innovative concepts, within their respective categories, when they started outLook where those categories are now. Was that an improvement or an innovation?
  3. There is a simple way one can think about what may be an improvement where as what may be an innovationThis is sort of like a litmus testFirst things first, Improvement is NOT InnovationA series of small improvements, when aggregated, could add up to an innovation
  4. Left cartoon – Points to a situation where the “culture or vision to innovate” is weak or lacking (i.e. DNA problem)Right cartoon – Points to a situation where a “framework to innovate” is weak or lacking (i.e. governance problem)
  5. You need a vision that makes you identify opportunities but that alone is not adequateYou also need capabilities to convert those opportunities into offeringsInvention w/o Vision or Vision w/o Invention are not hallmarks of GREAT COMAPANIES. NEED both to go from Good to Great!
  6. What influences innovation in our organization?How to identify and assess opportunities?How to score them?Who can/should we partner with?What changes does the organization need, if any, to move to that type of think?
  7. Wrap up with some basic “rules of innovation” …..Although all items on this list are important, the 2 that would rise to the top are the leadership team’s vision/inspiration and the level of coaching provided to the troops