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Innovation tips
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7/17/2019 Innovation Primer (in 15 Minutes)_1
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2010 All Rights Reserved The DeSaiGroup
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Innovation Primer in 15
minutesBy: Mr. Jatin DesaiCEO, The DeSai Group
199 oakwood
avenue
west hartfordconnecticut 0!119
p" #!0$2%%$0011
7/17/2019 Innovation Primer (in 15 Minutes)_1
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2010 All Rights Reserved The DeSaiGroup
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What can you learn ro! this"
( De)ning innovation what is it*
( +usiness case $ wh, is it critical toinnovate*
(T,pes of innovation where to innovate*
( -hat are .ualities of organi/ationalinnovation*
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What is inno$ation"
There are endless de)nitions ,ou can)nd
ere is an eas, one to re'e'er"
%&nno$ation is the pro'ta(le
i!ple!entation o i)eas.*
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What is creati$ity $s. inno$ation"
A .uick answer"
( Creati$ityis generating original novel ideas&
( &nno$ationis putting those ideas to work andgetting desired results&
, favorite de)nition is"
( Creati$ityis when ,ou use 'one, to )ndideas&
( &nno$ationis when ,ou use ideas to 'ake'one,&
7/17/2019 Innovation Primer (in 15 Minutes)_1
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2010 All Rights Reserved The DeSaiGroup
-n -!erican erspecti$e:
%&!ple!entin/ ne0 i)eas that create $alue.*
$ 3nnovation 4etwork 5&S&A&
%The intersection o in$ention an) insi/ht, lea)in/to the creation o social an) econo!ic $alue.*
$5&S& 4ational 3nnovation 3nitiative
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What a(out the En/lish3.4.5"
%The )e$elop!ent o ne0 i)eas an)their econo!ic application as ne0
pro)ucts or processes.*
$ 5&6& Dept& Trade and 3ndustr,
7/17/2019 Innovation Primer (in 15 Minutes)_1
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&t7s (oth si)es8re$enue an)pro'ts8
T0o pri!ary /oals or inno$ation are:
17 3ncrease the revenue 8top$line7
an)27 3ncrease the pro)ts 8otto'$line7
Goal is to /enerate net: 9, s, ;,
7/17/2019 Innovation Primer (in 15 Minutes)_1
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Why &nno$ate"
Use innovation to:
To dierentiate ,ourself in the 'arketplace To uild custo'er lo,alt,
To identif, savings potential
To identif, new revenue potential
Accelerate e:ploitation of new usiness ideas worth, of pursing
elp uild cli'ate and culture of innovation as per theorgani/ation ;3nnovation ission