Mark Faust - Principles of Innovation
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Transcript of Mark Faust - Principles of Innovation
Principles of InnovationMark Faust
www.GrowthOrBust.com
No need to take notes:
I’ll give the Innovation Section of my book Growth or Bust! to anyone with a card, it has
even more detail than we cover here today
For your copy, contact me at [email protected] or 513-621-8000
“Anyone who needs PowerPoints to speak doesn’t know what they are talking about!”
- Steve Jobs
Innovation - Turnaround
…the Definition of Marketing
…the Definition Of Innovation
The Steps to Building An Innovation Culture
Top Down
Clarify Your Innovation Values
Get All Hands on Deck......set i-objectives
Initially Focus on Quantity vs. Quality
Consistently Communicate Implementation & Successes
Give Specific and Universal Rewards
Make Innovation a Mobius Loop
Innovation Must Be Holistic
Innovation Includes and Focuses on the Customer
Innovation Involves BOTH
1. The Organizational &
2. The Individual’s Opportunities for Contribution toward
Improvement
& “Individuals” can include Vendors
Direction vs. Size of Dollars
Innovation Skills
Connecting the Unconnected
Respectfully Challenging the Status Quo
Flipping
Embrace Constraints
Study Customers Like a Scientist = “genchi genbutsu”
Networking
The 7 Step Echelon Innovation Process™ EIP™ to Echelon Your
Team Toward Growth
1. Listing Opportunities 2. Prioritizing Opportunities 3. Inviting Participation 4. Gathering Ideas5. Decision on Implementation6. Communicate Implementations7. Reward & Celebrate!
Humility is the Foundation of Innovation