Your Logo Superbowl L (50) Advertising Understanding the Hype You Thought It Was Just A Game…
Innovation: just a hype?
-
Upload
ralph-lambers -
Category
Business
-
view
3.384 -
download
1
description
Transcript of Innovation: just a hype?
InnovationNonsense, buzzword, or reality?
Etymology
Innovation
Etymology
Innovation
๏ ... is an old word
Etymology
Innovation
๏ ... is an old word
๏ ... that exists in many languages
Etymology
Innovation
๏ ... is an old word
๏ ... that exists in many languages
๏ ... and traces back to Latin
Etymology
“ innovare ”
Etymology
“ innovare ”
๏ ... to renew
Etymology
“ innovare ”
๏ ... to renew
๏ ... to introduce something new
Modern times
Nowadays the meaning primarily derives from
our management thinking
What is innovation?
What is innovation?
๏ Innovation, to innovate or to be innovative
What is innovation?
๏ Innovation, to innovate or to be innovative
๏ When talking about innovation, one is usually referring to
something that is new
What is innovation?
๏ Innovation, to innovate or to be innovative
๏ When talking about innovation, one is usually referring to
something that is new
๏ The focus lies on a product
What is innovation?
๏ One can also focus on the process
What is innovation?
๏ One can also focus on the process
๏ to stand out and be able to keep standing out
How does it work?
How does it work?
Innovation can be seen as a systematic way to transform creativity to something operational
Simply said:
to be one step ahead !
True or false?
Innovation is only important for manufacturers,
engineers and product managers ?
True or false?
False
True or false?
False
... this is a common misconception, though
Let´s take a quick glance back...
Let´s take a quick glance back...
๏ When talking about innovation, one is usually referring to
something that is new
๏ The focus lies on a product
Let´s take a quick glance back...
๏ When talking about innovation, one is usually referring to
something that is new
๏ The focus lies on a product
๏ One can also focus on the process
๏ to stand out and be able to keep standing out
๏ When talking about innovation, one is usually referring to
something that is new
๏ The focus lies on a product
๏ One can also focus on the process
๏ to stand out and be able to keep standing out
manufacturers and
engineers most likely have their
focus here
Let´s take a quick glance back...
๏ But also manufacturers focus on their processes!
๏ But also manufacturers focus on their processes!
๏ Of course they do!
๏ But also manufacturers focus on their processes!
๏ Of course they do!
๏ They do look at their (production)processes, but the main argument most probably is to be more effective: to cut costs
๏ But also manufacturers focus on their processes!
๏ Of course they do!
๏ They do look at their (production)processes, but the main argument most probably is to be more effective: to cut costs
๏ And YES... they can also be innovative here!
๏ But also manufacturers focus on their processes!
๏ Of course they do!
๏ They do look at their (production)processes, but the main argument most probably is to be more effective: to cut costs
๏ And YES... they can also be innovative here!
๏ Still, a highly cost effective manufacturer with hardly any product innovations will have a hard time keeping customers in the long run.
๏ But also manufacturers focus on their processes!
๏ Of course they do!
๏ They do look at their (production)processes, but the main argument most probably is to be more effective: to cut costs
๏ And YES... they can also be innovative here!
๏ Still, a highly cost effective manufacturer with hardly any product innovations will have a hard time keeping customers in the long run.
๏ It is more about where the main focus should lie.
๏ When talking about innovation, one is usually referring to
something that is new
๏ The focus lies on a product
๏ One can also focus on the process
๏ to stand out and be able to keep standing out
Let´s take a quick glance back...
๏ When talking about innovation, one is usually referring to
something that is new
๏ The focus lies on a product
๏ One can also focus on the process
๏ to stand out and be able to keep standing out
trade companies and
service providers most likely have their
focus here
Let´s take a quick glance back...
๏ But also trade companies focus on their products!
๏ But also trade companies focus on their products!
๏ No doubt about it!
๏ But also trade companies focus on their products!
๏ No doubt about it!
๏ They do look at their product program, but the main argument will be to be more attractive to customers
๏ But also trade companies focus on their products!
๏ No doubt about it!
๏ They do look at their product program, but the main argument will be to be more attractive to customers
๏ Unless they take part in new product development there is no real innovation from their hand
๏ But also trade companies focus on their products!
๏ No doubt about it!
๏ They do look at their product program, but the main argument will be to be more attractive to customers
๏ Unless they take part in new product development there is no real innovation from their hand
๏ They buy innovative products/ solutions and sell them again
๏ But also trade companies focus on their products!
๏ No doubt about it!
๏ They do look at their product program, but the main argument will be to be more attractive to customers
๏ Unless they take part in new product development there is no real innovation from their hand
๏ They buy innovative products/ solutions and sell them again➡ note: this is a process!
๏ But also trade companies focus on their products!
๏ No doubt about it!
๏ They do look at their product program, but the main argument will be to be more attractive to customers
๏ Unless they take part in new product development there is no real innovation from their hand
๏ They buy innovative products/ solutions and sell them again➡ note: this is a process!
๏ Still, a trade company with a highly innovative product program, but with poor processes, will have a hard time keeping customers in the long run.
๏ But also trade companies focus on their products!
๏ No doubt about it!
๏ They do look at their product program, but the main argument will be to be more attractive to customers
๏ Unless they take part in new product development there is no real innovation from their hand
๏ They buy innovative products/ solutions and sell them again➡ note: this is a process!
๏ Still, a trade company with a highly innovative product program, but with poor processes, will have a hard time keeping customers in the long run.
๏ It is more about where the main focus should lie.
Both go hand in hand and are equally important.
Both go hand in hand and are equally important.
just be sure to have your focus right!
Innovation strategies and theories
Innovation strategies and theories
There are many ways to innovate, but to avoid sidetracking only the two extremes will be illustrated:
Innovation strategies and theories
There are many ways to innovate, but to avoid sidetracking only the two extremes will be illustrated:
๏ Big Bang theory• Revolution• Big impact, long timespan• Fits to “Western world” cultures• Dominant in USA, Northern- and Western Europe
Innovation strategies and theories
There are many ways to innovate, but to avoid sidetracking only the two extremes will be illustrated:
๏ Big Bang theory• Revolution• Big impact, long timespan• Fits to “Western world” cultures• Dominant in USA, Northern- and Western Europe
๏ Continues improvement (Kaizen)• Evolution• Little improvements, all the time• Fits to Asian cultures• Popularized by Toyota
Fine, all this theory...
Fine, all this theory...
... but give me something I can use!
Conditions to be innovative
๏ Budget
๏ Creativity
๏ Flexibility
๏ Company culture
Conditions to be innovative
๏ Budget
๏ Creativity
๏ Flexibility
๏ Company culture
Conditions to be innovative
๏ Budget
๏ Creativity
๏ Flexibility
๏ Company culture
Conditions to be innovative
๏ Budget
๏ Creativity
๏ Flexibility
๏ Company culture
Conditions to be innovative
๏ Budget
๏ Creativity
๏ Flexibility
๏ Company culture
Conditions to be innovative
๏ Budget
๏ Creativity
๏ Flexibility
๏ Company culture
If it is that simple, why aren´t all
companies innovative -?-
Being innovative involves:
Uncertainty
Risk
Both are not management´s best friends...
But...
....how important is innovation, really?
it´s pure survival!
Importance of innovation
Importance of innovation
๏ Part of a company´s long-term strategy
Importance of innovation
๏ Part of a company´s long-term strategy
๏ A possible way to market leadership
Importance of innovation
๏ Part of a company´s long-term strategy
๏ A possible way to market leadership
๏ Part of a natural process: PLC (product life cycle)
What if...
What if...
A company´s strategy is something like:
What if...
A company´s strategy is something like:
๏ “... we want to be one of the two most important players in the market...”
What if...
A company´s strategy is something like:
๏ “... we want to be one of the two most important players in the market...”
๏ “... we want to be in the top 10 of...”
What if...
A company´s strategy is something like:
๏ “... we want to be one of the two most important players in the market...”
๏ “... we want to be in the top 10 of...”
Is innovation in such a case of less importance?
No!
No!
๏ To BE number two
No!
๏ To BE number two
๏ one still has to beat number three, four, etc.
No!
๏ To BE number two
๏ one still has to beat number three, four, etc.
๏ If others develop at a faster pace than you...
No!
๏ To BE number two
๏ one still has to beat number three, four, etc.
๏ If others develop at a faster pace than you...
๏ You soon end up being number 12
24
31
78
Innovation is not the only key to a company´s development
But...
Innovation is not the only key to a company´s development
But...
๏ To be innovative is a behavior
Innovation is not the only key to a company´s development
But...
๏ To be innovative is a behavior
๏ A state of mind
Innovation is not the only key to a company´s development
But...
๏ To be innovative is a behavior
๏ A state of mind
... and therefore a relatively easy and low cost parameter to focus on
Innovation is not the only key to a company´s development
Requirements
Requirements
๏ A fertile atmosphere
Requirements
๏ A fertile atmosphere
๏ What is that?
Requirements
๏ A fertile atmosphere
๏ What is that?
๏ It can be many things, for people are different
Requirements
๏ A fertile atmosphere
๏ What is that?
๏ It can be many things, for people are different
๏ Common values express, it should be a place that
Requirements
๏ A fertile atmosphere
๏ What is that?
๏ It can be many things, for people are different
๏ Common values express, it should be a place that
๏ ... ensures you are not continuously interrupted
Requirements
๏ A fertile atmosphere
๏ What is that?
๏ It can be many things, for people are different
๏ Common values express, it should be a place that
๏ ... ensures you are not continuously interrupted
๏ ... has a positive effect on ones mood
Requirements
๏ A fertile atmosphere
๏ What is that?
๏ It can be many things, for people are different
๏ Common values express, it should be a place that
๏ ... ensures you are not continuously interrupted
๏ ... has a positive effect on ones mood
๏ ... and ones way of thinking
Requirements
๏ No prioritization of, or focus on, direct tangible results
Requirements
๏ Support from direct colleagues and supervisor is of major importance
Sum up:
๏ a fertile atmosphere
๏ No prioritization of, or focus on, direct tangible results
๏ Support from colleagues and supervisor
Is that it?
Is that it?
๏ YES !
Is that it?
๏ YES !
๏ That is all there is to it to become innovative!
Is that it?
๏ YES !
๏ That is all there is to it to become innovative!
๏ Most other things depend on the innovative solution one comes up with
You have all of this under control?
You have all of this under control?
Then now it is time to consider the following important factors:
You have all of this under control?
Then now it is time to consider the following important factors:
๏ Feasibility
You have all of this under control?
Then now it is time to consider the following important factors:
๏ Feasibility
๏ Human capital
You have all of this under control?
Then now it is time to consider the following important factors:
๏ Feasibility
๏ Human capital
๏ Workload
You have all of this under control?
Then now it is time to consider the following important factors:
๏ Feasibility
๏ Human capital
๏ Workload
๏ Outsourcing?
You have all of this under control?
Then now it is time to consider the following important factors:
๏ Feasibility
๏ Human capital
๏ Workload
๏ Outsourcing?
๏ Budget & financing
You have all of this under control?
Then now it is time to consider the following important factors:
๏ Feasibility
๏ Human capital
๏ Workload
๏ Outsourcing?
๏ Budget & financing
๏ Impact
You have all of this under control?
Then now it is time to consider the following important factors:
๏ Feasibility
๏ Human capital
๏ Workload
๏ Outsourcing?
๏ Budget & financing
๏ Impact
๏ Consequences
You have all of this under control?
Then now it is time to consider the following important factors:
๏ Feasibility
๏ Human capital
๏ Workload
๏ Outsourcing?
๏ Budget & financing
๏ Impact
๏ Consequences
๏ Timing
You have all of this under control?
Then now it is time to consider the following important factors:
๏ Feasibility
๏ Human capital
๏ Workload
๏ Outsourcing?
๏ Budget & financing
๏ Impact
๏ Consequences
๏ Timing
๏ etc.
Remember: To be innovative is a state of mind
Therefore...
Innovation is independent of
budgets, structure and rules
or, like a wise man once said:
or, like a wise man once said:
“Innovation is not the product of logical thought,
although the result is tied to logical structure.”
Albert Einstein
The crisis! (financial crisis 2008/2009)
The crisis! (financial crisis 2008/2009)
๏ All that innovation chat sounds fine, but we are in the middle of a financial crisis...
The crisis! (financial crisis 2008/2009)
๏ All that innovation chat sounds fine, but we are in the middle of a financial crisis...
๏ There are more important things to concentrate on at the moment...
The crisis! (financial crisis 2008/2009)
๏ All that innovation chat sounds fine, but we are in the middle of a financial crisis...
๏ There are more important things to concentrate on at the moment...
๏ Besides, we are long behind budget...
Recognize these statements?
Recognize these statements?
Especially in times of crisis it is important to be creative,
think out of the box and ...
Recognize these statements?
Especially in times of crisis it is important to be creative,
think out of the box and ...
... be innovative
Why?
Why?
“a future oriented strategy, based on a
companies´ individual strengths and specific
needs of it´s target group(s), contributes to
the innovative succes through times of crises
and recession.”
Right! What does that mean?
Right! What does that mean?
What are the effects of a crisis on a company?
Right! What does that mean?
What are the effects of a crisis on a company?
๏ Less orders and/ or contracts
Right! What does that mean?
What are the effects of a crisis on a company?
๏ Less orders and/ or contracts
๏ Poor economic results
Right! What does that mean?
What are the effects of a crisis on a company?
๏ Less orders and/ or contracts
๏ Poor economic results
๏ Still got your job?
Right! What does that mean?
What are the effects of a crisis on a company?
๏ Less orders and/ or contracts
๏ Poor economic results
๏ Still got your job?
๏ Many companies are downsizing or went bankrupt
Right! What does that mean?
What are the effects of a crisis on a company?
๏ Less orders and/ or contracts
๏ Should result in more time...
๏ Poor economic results
๏ Still got your job?
๏ Many companies are downsizing or went bankrupt
Right! What does that mean?
What are the effects of a crisis on a company?
๏ Less orders and/ or contracts
๏ Should result in more time...
๏ Poor economic results
๏ Should result in more creativity...
๏ ... and out of the box thinking (to reach budget)
๏ Still got your job?
๏ Many companies are downsizing or went bankrupt
Right! What does that mean?
What are the effects of a crisis on a company?
๏ Less orders and/ or contracts
๏ Should result in more time...
๏ Poor economic results
๏ Should result in more creativity...
๏ ... and out of the box thinking (to reach budget)
๏ Still got your job?
๏ Many companies are downsizing or went bankrupt
๏ Should result in more “space” on the market, since competitors lose customers and therewith market share
If your company did not go bankrupt by now,
actually all conditions for growth are present
If your company did not go bankrupt by now,
actually all conditions for growth are present
If you dare to invest in innovation!
What was innovation again?
What was innovation again?
To be one step ahead.
Dare you be one step ahead?
Thank you for your time and attention!
Ralph Lambers
ralphlambers @ hotmail.com
www.xing.com/profile/Ralph_Lambers