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Transcript of Innovation is Everyone’s Business - EDRnet › wp-content › uploads › 2018 › 05 ›...
Cafeotheque
Casualties of Disruptive Innovation
Card Trick Part 1
Card Trick Part 2
Disruption is Accelerating
Blockchain
Internet of Things
Artificial Intelligence
3D Printing
Robotics
Augmented Reality
Etc.
There's no formula. If there was a formula, a lot of companies would have bought their ability to innovate.
-- Tim Cook, CEO of Apple
• Competitive advantage is TEMPORARY
• CULTURE is today’s only advantage
• Every organization culture is UNIQUE
Communication
We have an obligation to
communicate. Here, we
take the time to talk with
one another… and to listen.
We believe that information
is meant to move and that
information moves people.
Respect
We treat others as we
would like to be treated
ourselves. We do not
tolerate abusive or
disrespectful treatment.
Integrity
We work with customers and
prospects openly, honestly and
sincerely. When we say we will
do something, we will do it;
when we say we cannot or will
not do something, then we
won’t do it.
Excellence
We are satisfied with nothing
less than the very best in
everything we do. We will
continue to raise the bar for
everyone. The great fun here
will be for all of us to discover
just how good we can really be.
Corporate Values
1. Apple
2. Uber
3. Tesla
4. Facebook
Whose Values are These?
Innovation Culture Cycle
Identify your innovation intent
Strategy #1
Small changes
Incremental
Innovation
Major Advances
Evolutionary
Innovation
Breakthroughs
Disruptive
Innovation
Easier & Lower Risk Harder & Higher Risk
70% 20% 10%
Products, Services, Processes, Experiences & Business Models
Continuous
Improvement
Evolutionary
Innovation
Disruptive
Innovation
Easier & Lower Risk Harder & Higher Risk
Small changes to products, products &
technology focused on customer experience
Major investments that reinvent how we do
business focused on the member
New businesses that drive growth in current
& new markets
To improve our customers’ financial lives so profoundly
they can’t imagine going back to the old way
Uncover unarticulated insights
Strategy #2
How many “Fs” are in the following paragraph?
Finished files are the result of years
of scientific study combined with the
experience of many years of practical
financial application.
Follow Me Homes
Customer Office Hours
Fall in love with the problem,
not the solution
Strategy #3
Annual “best failed idea” award
Failure parties
1. Identify your innovation intent
2. Uncover unarticulated insights
3. Fall in love with the problem, not the solution
3 Innovation Strategies
THANK YOU
Downloads f rom this presentat ion:
www.leapfrogging.com/downloads/
Innovation Trivia Show!
39 Failures1 Success
$250k24 Entries
3 Years in Development
How much Invested?
Failed Dating Website
