9
Human Capital and the Innovation Ecosystem Dr. Abhijit Bhattacharya Director, Centre for Entrepreneurship & Innovation Arthur Lok Jack Graduate School of Business

Innovation ecosystem human capital

  • Upload
    igovtt1

  • View
    201

  • Download
    1

Embed Size (px)

Citation preview

Page 1: Innovation ecosystem human capital

Human Capital and the Innovation Ecosystem

Dr. Abhijit BhattacharyaDirector,Centre for Entrepreneurship & InnovationArthur Lok Jack Graduate School of Business

Page 2: Innovation ecosystem human capital

Cracking the code of innovation

• High rate of knowledge obsolescence is creating messes all around

• A mess is a set of highly dynamic problems that are deeply interconnected

• Management of mess requires innovative solutions based on systems thinking

Page 3: Innovation ecosystem human capital

Managing the Mess in Education

• Deliverables of educational institutions in a knowledge economy

• Time to test new innovative models such as, – ‘Fixed performance variable duration’ model, – Student-centric learning models

• Business schools need to help students to debate and test the underlying assumptions of the theory they are learning about

• Only the ability to think critically can make young managers succeed in managing businesses in a disruptive world

Page 4: Innovation ecosystem human capital

Enabling Factors for the Innovation EcosystemEnabling Factors for the Innovation EcosystemEnabling Factors for the Innovation EcosystemEnabling Factors for the Innovation Ecosystem

Social Factors

• Ideation Processes • Peoples & Skills• Leadership &

Organization• Culture & Values

Provide innovative solutions to customers’ problems

Provide innovative solutions to customers’ problems

Technical Factors

• Big data or streaming analytics

• Organization’s own Database management

• Integration of internal and external information networks for optimizing decisions

Page 5: Innovation ecosystem human capital

Managing the Ideation Process

• Make innovation everyone’s job

• Balance between conformity and creativity

• New metrics and reward criteria

• Measuring Learning Return on Innovation

Page 6: Innovation ecosystem human capital

• Maximize creative potential of the organization by balancing:– Divergent & Convergent thinking, Experience

& Imagination, Insider & Outsider

• Use all possible mechanisms: – time allowance, innovation training and tools,

open market for ideas, easy access to seed funding, create structures for mentoring and support

Developing People and Skills

Page 7: Innovation ecosystem human capital

• Great opportunities to demonstrate and develop leadership

• Leadership/CEO to facilitate Total Innovation Revolution

• Leadership has to master the art of managing creative deviation

• Need for Innovation in organizational structures (Morning Star, Kyocera, Zappos)

Leadership and Organization

Page 8: Innovation ecosystem human capital

• Encouraging a culture of challenging orthodoxies

• Make Transparency synonymous to the organizational identity

• Recruitment and reward structure based on creative idea generation and entrepreneurship

• Challenges for the Human Resources to free the system from the highest-paid-person’s-opinion (HIPPO) syndrome

Culture and Values

Page 9: Innovation ecosystem human capital

Thank You !