Moscow innovation ecosystem and state support of venture capital market
Innovation ecosystem human capital
Transcript of Innovation ecosystem human capital
Human Capital and the Innovation Ecosystem
Dr. Abhijit BhattacharyaDirector,Centre for Entrepreneurship & InnovationArthur Lok Jack Graduate School of Business
Cracking the code of innovation
• High rate of knowledge obsolescence is creating messes all around
• A mess is a set of highly dynamic problems that are deeply interconnected
• Management of mess requires innovative solutions based on systems thinking
Managing the Mess in Education
• Deliverables of educational institutions in a knowledge economy
• Time to test new innovative models such as, – ‘Fixed performance variable duration’ model, – Student-centric learning models
• Business schools need to help students to debate and test the underlying assumptions of the theory they are learning about
• Only the ability to think critically can make young managers succeed in managing businesses in a disruptive world
Enabling Factors for the Innovation EcosystemEnabling Factors for the Innovation EcosystemEnabling Factors for the Innovation EcosystemEnabling Factors for the Innovation Ecosystem
Social Factors
• Ideation Processes • Peoples & Skills• Leadership &
Organization• Culture & Values
Provide innovative solutions to customers’ problems
Provide innovative solutions to customers’ problems
Technical Factors
• Big data or streaming analytics
• Organization’s own Database management
• Integration of internal and external information networks for optimizing decisions
Managing the Ideation Process
• Make innovation everyone’s job
• Balance between conformity and creativity
• New metrics and reward criteria
• Measuring Learning Return on Innovation
• Maximize creative potential of the organization by balancing:– Divergent & Convergent thinking, Experience
& Imagination, Insider & Outsider
• Use all possible mechanisms: – time allowance, innovation training and tools,
open market for ideas, easy access to seed funding, create structures for mentoring and support
Developing People and Skills
• Great opportunities to demonstrate and develop leadership
• Leadership/CEO to facilitate Total Innovation Revolution
• Leadership has to master the art of managing creative deviation
• Need for Innovation in organizational structures (Morning Star, Kyocera, Zappos)
Leadership and Organization
• Encouraging a culture of challenging orthodoxies
• Make Transparency synonymous to the organizational identity
• Recruitment and reward structure based on creative idea generation and entrepreneurship
• Challenges for the Human Resources to free the system from the highest-paid-person’s-opinion (HIPPO) syndrome
Culture and Values
Thank You !