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Culture of Innovation: Myths and Realities Scott D. Anthony 18 September 2019 @ ScottDAnthony

Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

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Page 1: Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 0

Culture of Innovation: Myths and Realities

Scott D. Anthony 18 September 2019 @ScottDAnthony

Page 2: Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 1

How satisfied are you with your

return on innovation investment?

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 2

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 3

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 4

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 5

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 7

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 8

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 9

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 10

Page 12: Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 11

THE INNOVATOR’S BOOKSHELF

Developing Ideas

• Made to Stick by Chip & Dan Heath (2007)

• Business Model Generation by A. Ostetrwalder & Y. Pigneur (2010)

• Competing Against Luck by Christensen, Duncan et al (2016)

Assessing and Testing Ideas

• The Innovator’s Guide to Growth by Anthony et al (2008)

• Discovery-Driven Growth by Rita McGrath & Ian MacMillan (2009)

• The Lean Startup by Eric Ries (2011)

Leadership & Capabilities

• Creativity, Inc. by Ed Catmull with Amy Wallace (2014)

• The New Leadership Literacies by Bob Johansen (2017)

• The Fearless Organization by Amy Edmondson (2018)

• Innovation and Entrepreneurship by Peter Drucker (1985)

• The Little Black Book of Innovation by Scott D. Anthony (2011)

• How Will You Measure Your Life? by Clayton Christensen et al (2012)

Basic language and conceptual overview

Growth Strategy

• Only the Paranoid Survive by Andrew S. Grove (1996)

• Playing to Win by Roger Martin & A.G. Lafley (2013)

• Dual Transformation by Anthony, Clark Gilbert, and Mark Johnson (2017)

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 12

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 13

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 14

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 15

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 16

Adept in ambiguity | We act confidently despite incomplete information, expect iteration and change, and celebrate judicious risk taking

Empowered | We exercise initiative, seek out and leverage resources to make decisions confidently, and take responsibility for our actions

Collaborative | We incorporate cross-functional expertise resourcefully, recognizing that the smartest person in the room is the room itself

Customer-obsessed | We relentlessly seek to develop ever deeper understanding of our customers’ and employees’ jobs to be done

Curious | We are explorers who are not content to rest on past successes, believing that we can always find better ways

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 17

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 18

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 19

What is the biggest barrier to

innovation at your organization?

Page 21: Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 20

What single word best describes the biggest

barrier to innovation in your organization?

Page 22: Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 21

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 22

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 23

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 24

C O M P A N Y S T R A T E G Y

Sources: Bloomberg/BCG; Google, Adobe, Bain & Company

INNOVATION 4.3%

TSR PREMIUM

AGILE 84%

PRODUCTIVITY GAIN

CREATIVITY 3.5X

MORE LIKELY TO GROW

FASTER THAN PEERS

RISK TOLERANT 19%

BOOST ABOVE REVENUE

TARGETS

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 25

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 26

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 27

Wouldn’t it be great if we could …

But we don’t because…

So we should …

Constructively

disagree during

meetings?

Inspire our team’s latest

curiosity?

Our “meeting

hygiene” isn’t

very good

Non-job related training is

stigmatized

Bring MOJO to

meetings

Page 29: Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 28

Behavior

Enabler

Artifact

Nudge

P

Practical

Connected

to existing

routines

U

Unique

Fun, engaging,

social, captured in

stories

S

Simple

Easy to

adopt and

remember

R

Reinforced

Supported by

physical &

digital reminders

O

Organizationally consistent

Linked to

processes,

systems & values

T

Trackable

Readily

measured,

adjusted & scaled

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 29

Culture Wall(SWA Group)

Customer Wall(MetLife)

Future Press Release(Amazon.com)

Lost Gloves(OXO)

Solve For The Customer (SFTC)

(HubSpot)

W.I.T.C.H(Singtel)

Aliway(Alibaba Group)

Culture App(L’Oreal)

Innovation Jam(IBM)

Yes, And…(Nordstrom)

Lunch Roulette(Boehringer Ingelheim)

Dare to Try(Tata)

Discipline Based Testing Guidelines

(Malwarebytes)

Effective Post-Mortems

(Pixar)

Experiment Shepherds

(Twitter)

Failwall(Spotify)

Pre-Mortems(Atlassian)

Andon Cable(Toyota)

Great Game of Business

(Tasty Catering)

Freedom Policy(Netflix)

Just Go With It(Innocent)

Kickbox(Adobe)

Live From Day 1(Airbnb)

Innovation Book & Awards

(BNP Paribas)

Internal Ideas Stock Market

(Rite-Solutions)

Polish Week & Grease Week

(Asana)

Stumping Google Search

(Qualcomm)

Man On The Moon(Danfoss)

CUSTOMER-OBSESSED

COLLABORATIVE

ADEPT IN AMBIGUITY

EMPOWERED

CURIOUS

Reverse Mentoring(Nestle)

Thou Shall Not Kill An Idea

(3M)

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 30

INNOGANDA

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 31

Ideas Create ways to process them

Answers Define problems worth solving

Experiments Build and stock your labs

Big impact

Risk taking

Dedicate time and resources

If you want … Make sure you …

Tolerate commercial failure

Page 33: Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 32

A culture of

innovation is one in

which the behaviors

that drive

innovation success

come naturally

Jan 23: Myth: A culture of innovation resides in artifacts

See

Do

Believe

Hack

habits

with

BEANs

Connect the dots

to avoid

innoganda

Page 34: Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 33

Questions?

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 34

Culture of Innovation: Myths and Realities

Page 36: Culture of Innovation: Myths and Realities · Culture Wall (SWA Group) Customer Wall (MetLife) Future Press Release (Amazon.com) Lost Gloves (OXO) Solve For The Customer (SFTC) (HubSpot)

© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 35

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© 2019 INNOSIGHT CONSULTING, LLC AND/OR ITS AFFILIATES 36

SwitzerlandBoulevard de

Grancy 1

1006 Lausanne

Singapore8 Eu Tong Sen Street

#15-89, The Central

Singapore 059818

New York1166 Ave. of the Americas

3rd Floor

New York 10036

Boston92 Hayden Avenue

Lexington

MA 02421

LondonThe Gridiron Building

One Pancras Square

N1C 4AG

SELECTED LOCATIONS

www.innosight.com

[email protected]

@InnosightTeam

THANK [email protected]

@ScottDAnthony | +65 9640 4545

sg.linkedin.com/in/scottdanthony