Innovation: The need to become radical

InnovationThe need to become ‘radical’

By Silvan Becker

Wikipedia: Innovation is a new way of doing something or "new stuff that is made useful".

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Agenda

• Innovation– The past– The present– The future

• How will it effect you?

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Past: Waves of innovation

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• Increased productivity

• Tremendous Growth in GDP

• New possibilities

Technology driven innovations led to:

• Higher life expectancy

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Overwhelming choices

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Too complex products & overengineering

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Social disconnect in organisations & society

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Modern Times 2.0?

• Organisations hiding behind anonymous call centers

• Hierarchical top-down

• Profits first

Organisations still stuck in 20th centry thinking

• Layers of middle management

• …….

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Gross National Happiness (GNH)The French president has announced a "revolutionary" plan to make joy and wellbeing the key indicators of growth, rather than traditional yardsticks like a country's gross domestic product (GDP).

www.gnhusa.org

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Future: 6th wave of innovaton

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• Green chemistry

• Renewable energy

• Green nanotechnology

Luckily still some technology drivers:

• Sustainability

But new, non technology, drivers as well:

• Radical resource productivity

•Whole systems (re)design!

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Present: the struggle of organisations with innovation

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Why it will not go away I: Est. Growth of World Population

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UN High

UN Medium

UN Low

• Oil

Commodities will be the new gold:

• Metals

• Fresh Water • Food

• Et cetera

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Why it will not go away II:Ageing population (in Europe/China)

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“The real source of wealth and capital in this new era is not material things.. it is the human mind, the human spirit, the human imagination, and our faith in the future.

Steve Forbes

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Innovation: new business models have the biggest pay-off

McKinsey: The roles of different types of innovation—product, process, and business model

— are especially interesting. While the relative importance of each will vary across industries, we found that a significant degree of business model

innovation seems to be necessary for superior (bottom line) innovation impact.

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The good news: profits will (still) be aligned with addressing the biggest challenges!

Innovation: the Power of Open Innovation & Crowdsourcing

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Innovation shift

From ToProduct & Service innovation Business Model innovation

Inhouse R&D Open Innovation & CrowdSourcing

Traditional Organisation Models Social Innovation

Focus op functional aspects Design & Sensory aspects

Too many options/choices Simplified user experiences

Focus on profits Focus on customer satisfaction

…… ……

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Where are you/is your organization?