Business Innovator - Kabaly P Subramanian
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An Interactive Program on
Business Innovator(What, Why and How)
Dr.Kabaly P Subramanian PhD,MCMI (UK)Arab open University
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Objectives
At the end of this program, the participants will be able to
Define Innovation Understand Business Innovation and
its importance in the organizations (workplace)
Learn the process of becoming an Innovator
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What is Innovation?
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What?
First to introduce something new/ better than before.
Something different
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Why to Innovate in Business?
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Why?
Innovation is the lifeblood of any large organization (Birkinshaw,2011)
Companies that don’t innovate die (Chesbrough,2003)
Successful innovator’s deliver above average growth ( Innovation leader’s research,2011)
71% of Business Leaders rank innovation as top three priorities.
55% are satisfied with Financial ROI in Innovation
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How to Innovate?
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Innovation Process
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Important insights
Innovation is not just related to thinking, it is also about behavior.
Innovating is not a just a genetic predisposition, but an active endeavor.
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Important Insights
Thinking Doing Behaving
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Questioning
“Question the unquestionable.”
- Ratan Tata , Tata Group .
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Questioning
Employing a series of questions to explore an issue, an idea or something intriguing to develop answers and insights.
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Questioning
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Questioning
Fan noise was distracting and size is also bigIs there a need for a fan? Yes, It is required fan to prevent overheatingIs it possible to prevent overheating, without a fan? It is not possible with the existing type of power
supply Is it possible to design a new power supply? Switching power supply, which replaced fifty-year
old conventional linear unit technology
This revolutionized the way power was delivered to electronic products
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Questioning
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Observing
“Observation is a big game changer in our company.”
- Scott Cook,founder,Intuit.
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Observing
active acquisition of information from a primary source through careful and directed attention.
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Observing
Henry Ford : Observed Meat Processing company and innovated Assembly line Production System. (12 man hours to 90 minutes to assemble a car)
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Assembly Line Production System
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Observing
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Observing
Ray Kroc : Observed MacDonald brothers small restaurant operations and innovated Fast food restaurant chain.
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McDonalds
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Xerox-Star-GUI-1981
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Observing
Steve Jobs : Observed screens of computers with graphic symbols at Xerox PARC and innovated GUI based OS.
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Apple-Lisa-1-1983
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Networking
“What a person does on his own, without being stimulated by thoughts and experiences of others, is even in the best of cases rather paltry and monotonous.”
Albert Einstein
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Networking
(Business) Networking is a group of individuals engaged in exchange of information and services in order to have productive business relationship.
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Networking
Innovators attend networking conferences like TED, World Economic Forums and Aspen Ideas Festival.
Jeff Bezoz , regularly attends TED conferences.
Cross Discipline Connections Conferences on a topic outside your
field of expertise can also spark new ideas.
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Experimenting
“I haven’t failed … I’ve just found 10,000 ways that do not work”
- Thomas Alva Edison
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Experimenting
Act of trying out new things in order to determine the efficacy of something.
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Experimenting
For Business Innovator’s ,world is their laboratory.
P&G and Google orchestrated a 3-month swap of employees to see how a very different and successful companies operate.
PayPal founder Peter Thiel : Security Wallet experiment, Palm Pilot money transfer experiment,e-mail money transfer…and finally online payment system.
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Associating
“Creativity is connecting things”
Steve Jobs
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Associating
Ability to make surprising connections across areas of knowledge, industries ,even geographies
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Associating
Laptop + Smart Phone = Tablet
F2F + e-learning = Blended Learning
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Laptop + Smartphone = Tablet
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Associating
Innovators rarely invented something entirely new.
Mostly, recombined the ideas they had collected in new ways.
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Cirque Du Soleil
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Scope of Business Innovation
Product Process Management
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Product Innovation
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Process Innovation
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Management Innovation
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Management Innovation
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Reference
The Innovator’s DNA : Mastering the five Skills of Disruptive Innovaors
Dyer,Gregersen and Christensen (2011)
Harvard Business Review Press Blue Ocean Strategy : W. Chan Kim,
Renée Mauborgne (2005) Harvard Business Review Press
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Thank YouEmail : [email protected]