Issues in Innovation Leadership

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A version of the talks that I did for the Australian Industry Group Breakfasts in Brisbane, Sydney, Melbourne and Adelaide

Published in: Business

Issues in Innovation Leadership

  1. 1. Issues in Innovation Leadership<br />April 2010<br />Australian Industry Group Breakfast Series<br />Dr Tim Kastelle<br />
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  6. 6. Why this…<br />
  7. 7. … not this?<br />(photo: flickr/Martin Charbonneau Photographe<br />
  8. 8. <1><br />Invention is not <br />Innovation<br />
  9. 9. Innovation<br />Executing a new idea that has economic value<br />
  10. 10. Invented: 1823<br />Built: 1998<br />Sold: Never<br />
  11. 11. Invented: 1968<br />Built: 1974<br />Sold: 1981<br />
  12. 12. Invented: 23 times before Edison!<br />
  13. 13. So why do we say that Edison invented the light bulb?<br />
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  15. 15. <2><br />Innovation is More<br />Than Just<br />New Products<br />
  16. 16. Innovation is More than Just New Products<br />“(Economic) development in our sense is then defined by the carrying out of new combinations”<br />J.A. Schumpeter (1912) The Theory of Economic Development<br />
  17. 17. Schumpeter’s Forms of Innovation<br />The introduction of a new good, or a new quality of good (or service)<br />Introduction of a new method of production<br />The opening of a new market<br />Developing a new source of supply<br />Changing the structure of an industry<br />
  18. 18. Business Model Innovation – Critical but Overlooked<br />Source: Open Innovation by Henry Chesbrough<br />
  19. 19. Source: Boston Consulting Group: Business Model Innovation: When the Game Gets Tough, Change the Game<br />
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  21. 21. Better Place – Electric Cars<br />
  22. 22. <3><br />Innovation is a<br />Process<br />
  23. 23. The Innovation Value Chain<br />Source: Hanson & Birkinshaw: The Innovation Value Chain – Harvard Business Review<br />
  24. 24. Actual Organisations<br />
  25. 25. To Lead Innovation:<br />Understand the difference between Invention and Innovation<br />Innovation is not just new products – try to think of other forms of innovation (especially business model innovation)<br />Manage Innovation as a process, not an event<br />
  26. 26. Thank you!<br />timkastelle.org/blog/<br />

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