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Introduction To Innovation

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Presentation Transcript

  1. Slide 1: Industrialization of Innovation An Executive Learning Forum on Innovation Understanding and Insight into Innovation in the Company, National and Global Environments September 26, 2008 Copyright © 2008 Inovo Technologies Inc.
  2. Slide 2: Agenda 4.30 – 5.00 Registrations 5.00 – 5.10 Welcome Address - Mr. Sridhar Venkiteswaran, Executive Director, Avalon Consulting 5.10 – 5.40 Key note address on “Reflections on Innovation: The TATA experience” – Mr. R Gopalakrishnan, Executive Director, Tata Sons 5.40– 5.50 Challenges of Innovation - Dr. Larry Schmitt, Founder, Inovo 5.50 – 6.30 Challenges of Innovation – Experience sharing with CXOs 6.30 – 6.45 “Overcoming Barriers to Innovation” – Mr. Sridhar Venkiteswaran 6.45 – 7.30 “Industrialization of Innovation” - Dr. Larry Schmitt 7.30 Onwards Cocktails followed by Dinner Copyright © 2008 Inovo Technologies Inc.
  3. Slide 3: „Industrialization‟ of Innovation – September 26th, 2008 THE INNOVATION SPACE Copyright © 2008 Inovo Technologies Inc.
  4. Slide 4: What IS Innovation? Innovation IS…  … a process for creating experiences or effects that people find valuable – valuable enough that they choose to adopt (begin using) the product or service that provides the experience.  … a transformation process – from ideas or knowledge into value typically, but not always, in the form of money. Copyright © 2008 Inovo Technologies Inc.
  5. Slide 5: What IS Innovation? Innovation IS NOT ABOUT…  … inventing ...UNLESS  … coming up with good ideas THEY CREATE  … problem solving or creativity VALUE AND  … cool technology HENCE ARE ADOPTED  … design BY PEOPLE New offerings fail to become innovations because they miss on value and adoption Copyright © 2008 Inovo Technologies Inc.
  6. Slide 6: Successful Innovations The World's Largest Matrimonial Service Copyright © 2008 Inovo Technologies Inc.
  7. Slide 7: The Innovation Space and Strategy Expansion Corporate Focus Product New Business Growth Reinvention Creation and Transformation Scope of Change Incremental Transformational Product and Best Practices The World's Largest Matrimonial Service Operational Operational Excellence Reinvention Operation Copyright © 2008 Inovo Technologies Inc.
  8. Slide 8: The Innovation Challenge Expansion Corporate Focus New Business Product Growth Creation and Reinvention Transformation How do you best ensure Scope of Change that your Incremental Transformational Innovation strategy spans the Innovation Best Practices Product and Operational Operational Space? Excellence Reinvention Operation Copyright © 2008 Inovo Technologies Inc.
  9. Slide 9: Copyright © 2008 Inovo Technologies Inc.