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InnovationManagement
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– A practical approach to implementing innovation management initiatives
Run on all cylinders to be succesfull
Agenda
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•Who’stalking?
•Afewwordsaboutinnovation
•Apracticalapproachtoimplementinginnovationmanagementinitiatives
•Conclusionandsummary
Run on all cylinders to be succesfull
Who´s talking?
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•AsserKalsbøll,BusinessDevelopmentManager,HeadofFront-EndInnovation,DELTA
•PGD,Management&Organisation,CopenhagenBusinessSchool.•M.Sc.Eng,InnovationandBusinessDevelopment,AAU•M.Sc,Eng,Env.Eng.Management,UTS
– Passionate about Innovation
DELTA–ADanishtechnologycompanywithalittleunder300employees.WehavebothproducttestingandconsultancyservicesaswellasturnkeysolutionandsupplyofASIC’sandopticalcoatingtechnologies.Wesupplytomostpartsoftheworld.Wewerefoundedin1941.WehavebeenactiveinContinuaandAALsincethebeginningandservedaschairofAALForumin2010onbehalfoftheministry.
Run on all cylinders to be succesfull
A few words about innovation
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22Defining Innovation and culture
•DefiningInnovation:Theprocessoftranslatinganideaorinventionintoagoodorservicethatcreatesvalueforwhichacustomerwillpay.
•Definingculture:Norms,values,basicassumptions,unconsciousmessagesandsubtlebehaviorsofleadersandemployees.
Run on all cylinders to be succesfull
Run on all innovation cylinders
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22A practical approach to implementinginnovation management initiatives
•Cylinder1–Innovationaschange•Cylinder2–Strategy&Leadership•Cylinder3–InnovationProcesses•Cylinder4–Technology&Infrastructure•Cylinder5–Metricsandrewardsystem•Cylinder6–StructureandRessources•Cylinder7–Howtocreateacultureofinnovation
Run on all cylinders to be succesfull
•Innovationbecomesamysteryandaformofart.
•Utilizetheorganizationalmemoryandcompetencesfrompreviouschangeinitiatives.
Treat innovation as a change initiativ
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Run on all cylinders to be succesfull
Cylinder # 1
•Ifyoudonthaveanythinginyourstrategy,youyoudonthaveareferenceforyourclaimsabouttheimportanceofinnovation.
•Bytheyear2016,30%ofoursalesshallcomefromnewproducts.
– We can often agree on the importance of innovation in talk but seldom in action.
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Run on all cylinders to be succesfull
Strategy and LeadershipCylinder # 2
“Who dare say they have well-functioning innovation processes at their workplace ?”
Think about this
•“WelackaplacetoputourIdeas.Thereisnoroute…Itmustmaterializesomewhere.”
•Speedandqualityinyourinnovationprocessesarecriticaltosucces–thinkLEAN.
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Run on all cylinders to be succesfull
Innovation ProcessesCylinder # 3
“Who has a knowledge management and idea management system at their workplace?”
Think about this
•It’sunthinkabletohaveacompanywithoutsupportingITsystemstotheday-to-daybusiness.
•Provideportfoliooverviewtostakeholderstoinnovation.Selectasimplebuteffectivetoolandmakeitwork–thenrampup.
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Run on all cylinders to be succesfull
Technology and infrastructure
Cylinder # 4
“How many in here have read the bestseller “The lean start-up” by Eric Ries and now try to implement these thoughts through their jobs”?
Think about this
•Watchoutforthecorporateimmunesystemmetrics–itisaninnovationkiller.
•Systematicexperimentallearningbeats“paralysisbyanalysis”.Goodmetricsinclude:experiments,mock-ups,externalvalidation...
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Run on all cylinders to be succesfull
Metrics and reward system
Cylinder # 5
•Individualextrinsicrewardsystemsaredirectlyharmfullforinnovationperformanceandculture.
•Rewardwithpurpose,autonomyandtime.
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Run on all cylinders to be succesfull
Metrics and reward system
Cylinder # 5
“An internal incubator division to seed new business creation – how many of you have that at your workplace?
Think about this
•“Wecan’trampuponourideasduetoresourceandtimeconstraints”.
•CreateanenvironmentforInnovationoutsideoperationalexcellenceKPI’sandmakesureyoucanramp-upfromideatobusiness.
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Run on all cylinders to be succesfull
Structure and Ressources
Cylinder # 6
“Who truly believe they have a culture of innovation at their workplace ?”
Think about this
•”Surewehaveaninnovationculture”
•Workwiththeothercylindersandaskyourselfwhoyourcurrent”heroes”oftheorganizationare?
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innovation management initiatives
Run on all cylinders to be succesfull
How to create a culture of innovation
Cylinder # 7
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Run on all cylinders to be succesfull
•Cylinder1–Innovationaschange•Cylinder2–Strategy&Leadership•Cylinder3–InnovationProcesses•Cylinder4–Technology&Infrastructure•Cylinder5–Metricsandrewardsystem•Cylinder6–StructureandRessources•Cylinder7–Howtocreateacultureofinnovation
Run on all cylinders to be succesful
Conclusions
Add cylinders as you learn in order to create a bigger and more powerful engine that fits your and your organizations needs
Think about this
[email protected]+4525123243
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The end
•TheRelativeImportanceofInterfirmRelationshipsandKnowledgeTransferforNewProductDevelopmentSuccess,M.PKnudsen,2007,JournalofProductDevelopment
•TheLeanStart-up,EricRies,2011•WinningatnewProducts–profitablepathwaytoinnovation,2005,byR.GCooper•LEANinnovation,L&RBusiness(Egmont),2008•Cummings&Worley,OrganizationalDevelopment&Change,8thedition•DanPink:Thepuzzleofmotivation,TEDx•PhilMckinney,Killerinnovations
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References