Innovation Process in the Corporate and Startup Environments – Sunny Subhash Vashishtha, Former...

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Who am I & Why am I here ? Sharing my learnings on - Innovation Process in the Corporate and Startup Environments I have unique experience of working in leadership positions in both corporations and startups. Helping organizations on Digital Transformation, Innovation & Growth Former Operations Director at GE Healthcare, Former COO at Estimote, Inc. and Operations Head at HCL Technologies Sunny Subhash Vashishtha

Transcript of Innovation Process in the Corporate and Startup Environments – Sunny Subhash Vashishtha, Former...

Who am I & Why am I here ?

Sharing my learnings on - Innovation Process in the Corporate and Startup Environments

I have unique experience of working in leadership positions in both corporations and startups. Helping organizations on Digital Transformation, Innovation & Growth

Former Operations Director at GE Healthcare, Former COO at Estimote, Inc. and Operations Head at HCL Technologies

Sunny Subhash Vashishtha

Innovation Process

Adapt to organizational environment?

• Digital Transformation • Drive Change • Innovation Hubs • Lean Start-Up • Agile

Team of Teams

Building Teams & Skills set

Horizontal O

rganizations

• Hiring & Reforming teams based on skill proficiency

• Deliver result not task - Mind set • Greater Collaboration by shared consciousness

• Decentralizing decision making • Empowered execution • Agility, adaptability, and cohesion

“At least 90% of millennials say they would rather work at a startup than a corporate giant…”

• Commitment • Communicate early and often • Inspire & Empower each other • Align teams to learn & work in a cross-functional environment

Accountability & Ownership

Building Teams & Skills set

“Technical team may drive a specific innovation, but the Business leader has to own the result & Risk”

“The default speed for a startup is breakneck, and it’s how continuous innovation is fostered.”

No Risk, No Innovation - Failure as a Metric

Product Design & Modifications Idea management : Innovation is not a one-time thing - Continuous

improvement process - Involve Everyone

Product process : Innovation is not a random walk into the unknown - Vision, structured process, evaluation, customer feedback, and success metrics

Product Launch

Product Launch

• Start early - Make the product available to important influencers

• Seed the social space - free trials, downloads, product videos, and demos

• Don’t expect a “big bang” release - Keep the release rolling

• Be creative - funny video, creating an interesting infographic, industry event

• Get everyone involved- Make it easy for people to learn more about your product

Stay lean to go fast - Reason to be lean- Being better

Lessons learned

• Eco-system thinking • Understanding that Lean is a mindset, not

just a process • Willingness to really change - Culture • Saying goodbye to traditional corporate

thinking - Hit refresh • Implementation at all levels, especially

management • Observe and measure