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INNOVATIONISM@SCHNEIDER
CHIRANTAN CHATTERJEE, IIM BANGALOREDECEMBER 8, 2016
All figures are from the internet unless otherwise mentioned. Copyrighted to Chirantan Chatterjee
Its all about Innovationism• “Without tradition, art is a flock of sheep without a shepherd.
Without innovation, it is a corpse.”
• Winston Churchill
• Is there a trade-off between tradition and innovation?
• Is it worth having a shepherd for your Innovationism?
What is Innovation?• Joseph Schumpeter, the Austrian economist defined innovation:
• It could be the introduction of new goods
• Of an improved or better method of production
• Opening of a new market
• Conquest of a new source of supply of raw materials
• Better organization of any industry
What is Innovation?• Joseph Schumpeter, the Austrian economist defined innovation:
• It could be the introduction of new goods
• PRODUCT INNOVATION (THE ROLE OF BASIC RESEARCH & INDUSTRIAL
RESEARCH)• Of an improved or better method of production
• INCREMENTAL INNOVATION• Opening of a new market
• THE ENTREPRENEURIAL UNCOVERING OF UNMET NEED (DISRUPTION)• Conquest of a new source of supply of raw materials
• VERTICAL INTEGRATION• Better organization of any industry
• BUSINESS MODEL INNOVATION
Who will do Innovation?PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Who will do Innovation?PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Who will do Innovation?PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Who will do Innovation?PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Innovation Policy & the Economy or IPE
Linear Model of Innovation PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Firm Size and InnovationPUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Pasteur’s Quadrant PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Democratizing Innovation PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Location & Polycentric Innovation PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Innovationism for Organizations• Innovation Audit
• Appropriating rents from innovation
• Incentivizing innovation
• Metrics for innovation
• 2-sided platforms for innovation
• Chief Innovation Officer?
Innovationism for Organizations• Innovation Audit (Pre-mortem and post-mortem)
• Appropriating rents from innovation (Technology & commercialization)
• Incentivizing innovation (Structural incentives versus prizes)
• Metrics for innovation (input and output)
• 2-sided platforms for innovation (Seekers and Solvers)
• Chief Innovation Officer? (Hydra-Headed)
Economic History of Innovationism
https://www.youtube.com/watch?v=RRWKzVlbXEY
Responsible Innovationism
Wrapping Up
INNOVATIONISM
INNOVATION
POLICY & ECONOM
YWHO WILL
INNOVATE?
RESPONSIBLE INNOVATION
ISM
HISTORY OF
INNOVATION
INNOVATIONISM FOR
ORGANIZATIONS
WHAT IS INNOVATI
ON
- LINEAR MODEL- SIZE & INNOVATION- PASTEUR’S QUADRANT- DEMOCRATIZING INNOVATION- LOCATION OF INNOVATION
Thank You
Email: [email protected]: https://scholar.google.co.in/citations?user=8NcyqgYAAAAJ&hl=en&oi=ao SSRN: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=830407
