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PRESENTED BY:
tduening@asu.edu
Agenda
Breakouts
Create new value proposition for Age of Innovation clients
“For the past 25 years we have optimized our organizations for efficiency and quality.
Over the next quarter century, we must optimize our entire society for innovation.”
--Innovate America Report, December 2004
“In the long run, the only reliable security for any company is the ability to innovate
better and longer than competitors.”
--Davila, Epstein, Shelton (Making Innovation Work)
“Nothing is more wasteful than doing with great efficiency that which should not be
done”.
--Ted Levitt, editor, Harvard Business Review
New Skills For the Innovation Age
Innovation Types
Incremental or evolutionary
Sustaining innovation of large enterprise
7
The failure to implement
continuous value
creation is a leading
cause.
Reactive
Change Difficult to get going
Easiest to get
Crisis going
Change
9
The Costs of Change
Least
Anticipatory Costs
Change
Moderate
Reactive Costs
Change
Crisis Most
Change Costs
10
Innovation in the Enterprise
11
Innovation Examples
Innovate Products Apple I-pod
Innovate Structure
Glaxo pushes decision making to
individual scientists
12
Innovation Spending
13
Innovation Spending by Industry
14
The Most Innovative Companies
15
Critical Questions to Get Right
22
The Ingredients of Innovation
Leadership
Strategy
Processes
Resources
Performance metrics
Measurement
Incentive systems
Organizational structure
Organizational culture
Corporate Examples of Innovation
Enhances
Enterprise Innovation
Product/ Produces
Produces
Structure Process
Service
Innovation Innovation
Innovation
Innovation Innovation
Training Training
Governs
Governs
Strategy Innovation
Executive Level Foundation
25
WIIFM Model
External Environment
Executive
Vision
Managerial
Supervisory
Control
Core
Six Oversight
Sigma
Skills
Team Work
Process Innovation
Cross-Functional Decision
Making
Product Innovation
Strategy
Market Innovation
26
Continuous Value Creation
Customer value
Company value
Shareholder value
Employee value
Public value