Building An Innovative Enterprise

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Building an innovative enterprise can be your most significant accomplishment for it can live beyond the your tenure or even your life. Innovation is the way of transforming the resources of an enterprise through the creativity of people into new resources and wealth. Innovation also reduces costs and increases profitability. But innovation is risky. Most innovations fail resulting in increased costs. On the other hand, to stay competitive you must innovate. To reduce risks you must target your innovations to meet customer needs and you must assure that your business is optimized to implement the innovation required by your customers. Innovation is the lifeblood of a enterprise. It courses through a vital enterprise spawning new markets, enlarging existing markets, increasing market share or swelling profits. Innovation flows from a strategy that balances the opportunities and threats in a market, the desires of stakeholders, the capability and capacity of the enterprise for innovation. Values derived from the market drive the development of the enterprise's resources, focus the organizational culture of the enterprise and align the enterprise's five innovation enablers inspiring people to be effective and efficient. Innovation is not static. The need for innovation is a moving target that must be forecast as far into the future as it will take the enterprise to respond. Your foresight has to be greater than your ability to innovate.

Transcript of Building An Innovative Enterprise

  • 1. Building an Innovative Enterprise The Key to Creating New Resources and Wealth Paul Schumann Glocal Vantage Inc.

2. Topics

  • Introduction
  • Innovation
  • Enterprise Innovation
  • Organizational Development
  • Innovation Commons
  • Getting Started

Glocal Vantage Inc. 3. Topics

  • Introduction
  • Innovation
  • Enterprise Innovation
  • Organizational Development
  • Innovation Commons
  • Getting Started

Glocal Vantage Inc. 4. Topics

  • Introduction
  • Innovation
  • Enterprise Innovation
  • Organizational Development
  • Innovation Commons
  • Getting Started

Glocal Vantage Inc. 5. Innovation Definition

  • Innovation is the way of transforming the resources of an enterprise through the creativity of people into new resources and wealth.

Glocal Vantage Inc. 6. Innovation Definition

  • Innovation is the way of transforming the resources of an enterprise through the creativity of people into new resources and wealth.

Glocal Vantage Inc. E=MC 2 7. Innovation Definition

  • Innovation is the way of transforming the resources of an enterprise through the creativity of people into new resources and wealth.

Glocal Vantage Inc. W RC i 2 8. Results of Innovating

  • Create new markets
  • Expand existing markets
  • Increase market share
  • Open existing markets
  • Increase profits
  • Reduce costs
  • Attract & retain the best

Glocal Vantage Inc. Failure 9. Why Do Innovations Fail? Glocal Vantage Inc. 10. Why Do Innovations Fail?

  • Not anticipating customer needs
  • Failure to understand and utilize technology appropriately
  • Lack of understanding of competitor strategy and capability
  • Misjudging implementation difficulty
  • Ineffective implementation
  • Timing - too early or too late in the market
  • Being stakeholder driven instead of market driven
  • Not having the resources for implementation
  • Being driven by personal agendas
  • Un-supportive organizational culture, or culture driven strategies
  • Attempting to cause change rather than exploiting change

Glocal Vantage Inc. 11. Types of Innovation

  • Class - how big a change
  • Nature - where

Glocal Vantage Inc. 12. Class of Innovation

  • Incremental
  • Distinctive
  • Breakthrough

Glocal Vantage Inc. 13. The S-curve & Innovation Glocal Vantage Inc. Incremental Time Productivity Incremental Incremental Incremental Distinctive Distinctive Breakthrough 14. Nature of Innovation

  • Product
  • Process
  • Procedure

Glocal Vantage Inc. 15. Innovation Map

  • Class
    • Incremental
    • Distinctive
    • Breakthrough
  • Nature
    • Product
    • Process
    • Procedure

Glocal Vantage Inc. Product Process Procedure Incremental Distinctive Breakthrough 16. Automotive History

  • Experimenters & Hobbyists (1820s - 1900s)
  • Search & Learn (1900s - 1908)
  • A Car for Everyone (1908 - 1927)
  • Living Room on Wheels (1920s - 1950s)
  • Synthesizing Market Demands (1950s - 1980s)
  • Life Style on Wheels (1980s - 2000s)

Glocal Vantage Inc. 17. Experimenters & Hobbyists Glocal Vantage Inc. Incremental Distinctive Breakthrough Product Process Procedure 18. Search & Learn Glocal Vantage Inc. Incremental Distinctive Breakthrough Product Process Procedure 19. A Car for Everyone Glocal Vantage Inc. Incremental Distinctive Breakthrough Product Process Procedure 20. Living Room on Wheels Glocal Vantage Inc. Incremental Distinctive Breakthrough Product Process Procedure 21. Synthesizing Market Demands Glocal Vantage Inc. Incremental Distinctive Breakthrough Product Process Procedure 22. Life Style on Wheels Glocal Vantage Inc. Incremental Distinctive Breakthrough Product Process Procedure 23. Exercise 1

  • Use the innovation map to brainstorm potential innovations for your organization.
  • Work together in a team if there are more than one from the same organization.
  • Place each suggested idea in its appropriate box.
  • Have at least one entry in each of the nine boxes.

Glocal Vantage Inc. 24. Topics

  • Introduction
  • Innovation
  • Enterprise Innovation
  • Organizational Development
  • Innovation Commons
  • Getting Started

Glocal Vantage Inc. 25. Goals for an Innovative Enterprise

  • Increase success rate of innovation
  • Create wealth
  • Achieve regeneration

Glocal Vantage Inc. 26. Regenerative Innovative Enterprise Glocal Vantage Inc. Resources Wealth NewResources Creativity 27. Innovation Creates Wealth Glocal Vantage Inc. Stage 1 Stage 2 Stage 3 Non-productive Counterproductive Hyper- productive 75 years 28. System for an Innovative Enterprise Glocal Vantage Inc. Market Strategy Organization Stakeholders 29. Market Glocal Vantage Inc. Customers Technology Competition Demographic Sociopolitical Scientific Economic Embedded Supportive Enabling Present Potential Possible Direct Indirect Structural 30. Stakeholders

  • Stockholders/Owners
  • Creditors
  • Employees
  • Vendors/Suppliers
  • Customers
  • Society

Glocal Vantage Inc. 31. Strategy

  • Vision
  • Mission
  • Goals
  • Strategies
  • Plans

Glocal Vantage Inc. 32. Topics

  • Introduction
  • Innovation
  • Enterprise Innovation
  • Organizational Development
  • Innovation Commons
  • Getting Started

Glocal Vantage Inc. 33. Organization Glocal Vantage Inc. Culture Resources Projects Enablers 34. Resources Glocal Vantage Inc. People Capital Tools Partners Natural Knowledge Facilities 35. People

  • Creativity
  • Personality
  • Information
  • Skills

Glocal Vantage Inc. 36. Exercise 2

  • For each of the resources, identify at least one thing that you could do to utilize or change that resource to improve innovation in your organization.
  • Work together in groups if more than one from your organization.

Glocal Vantage Inc. 37. Organizational Culture Glocal Vantage Inc. Beliefs Values Behaviors Results Consequences 38. Innovation Values (Vitality)

  • Self development
  • Communication
  • Awareness
  • Multiple skills
  • Teamwork
  • Vision
  • Leadership
  • Creativity
  • Innovativeness
  • Knowledge

Glocal Vantage Inc. 39. Innovation Values (Quality)

  • Achievement
  • Effectiveness
  • Appropriate technology
  • Service
  • Productivity
  • Efficiency
  • Control
  • Pioneering progress
  • Community
  • Self actualization

Glocal Vantage Inc. 40. Values Example Glocal Vantage Inc. Service Community Productivity SelfDevelopment Achievement Multiple Skills Teamwork 41. Organizational Scenario Example Glocal Vantage Inc. This organization is driven by the desire to meet goals and expectation established within the company but outside of the organization. At the same time, the members feel the need to protect their own futures through self improvement. This tension provides the energy to accomplish the results desired by the organization. The members of this organization are motivated to make a contribution through their work. In order to do so, they think that they require a broad perspective and several expert skills. The members of this organization require a strong sense of community. They want to build community through teamwork and the shared desired to make a significant contribution through their work. 42. Innovation Map Glocal Vantage Inc. 43. Exercise 3

  • Check the three most important vitality values and the four most important quality values in your organization now.
  • Repeat this for what you think that they should be in five years.
  • Are there any differences?
  • What do the differences mean to you?

Glocal Vantage Inc. 44. Innovation Enablers Glocal Vantage Inc. Education Communication Infrastructure Incentives Measurements 45. Exercise 4

  • How can you increase innovation in your organiz