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TRANSCRIPT
Locations:
BOSTON
BOLZANO
DUBAI
LONDON
SHANGHAI
SÃO PAULO
SEOUL
TORONTOMedellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved
ANPEI Innovation Forum 2018
New Levers of Value Creation
August 14, 2018
2
Attacking
Change
Strategically
Anticipate
Disruption
Mindset to
Make
Innovation
Real
MondayMorning
• 10X Bigger, Faster and Cheaper• Technology Trends are key for forecasting• Understand tomorrow’s market
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 3
Digitization Is
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 4
Everything is connected and always available
4 Billion Connected People
50 Trillion GBS of Data
25 Billion Embedded and Intelligent
Systems
25 Million Aps
2020
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 5
Reporting
• What Happened?
Analysis
• Why did it happen?
Monitoring
• What is happening now?
Prediction
• What might happen?
With more data and greater computation power, companies are moving from monitoring to predicting
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 6
These trends are transforming every aspect of every business in every industry
Books
Travel
Cable TV
Hotel
Phone
Taxi
8 yrs1995 2003
5 yrs1997 2002
5 yrs1999 2004
3 yrs2007 2010
3 yrs2008 2011
2 yrs2012 2014
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 7
These companies grew 10X bigger, moved 10X faster or spent 10X cheaper
10X BIGGER
10X FASTER
10X CHEAPER
Skype, Instagram
Netflix
AirBnB
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 8
PRICING MODEL
NETWORKS & PARTNERS
PRODUCTION OFFERING DELIVERY MARKETSTechnologiesProcessesAssets
ProductsServicesSystemsBrand
OccasionsLocationsChannels
CustomersNeedsExperiences
Funding
Today a company with an idea can scale up faster through an ecosystem of partners
Demystifying Innovation Definition Example
Production Delivery
Channel Programing Marketing
Leads
Payment
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 9
Similarly, a startup can ramp up without needing to learn all the nuances of operations through an ecosystem of partners
Demystifying Innovation Definition Example
Accounting
Payroll HR Training
HR HiringCommunications
PRICING MODEL
NETWORKS & PARTNERS
PRODUCTION OFFERING DELIVERY MARKETSTechnologiesProcessesAssets
ProductsServicesSystemsBrand
OccasionsLocationsChannels
CustomersNeedsExperiences
Storage
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 10
This digital trend is transforming every aspect of functions within companies including Innovation
Digital Supply Chain
DigitalInnovation &
Product Development
Digital Marketing
&Sales
Workplace and Enabling Infrastructure
Digital Strategy
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 11
Forces of the Future that will create Inevitable Surprises
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 12
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 13
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 14
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 15
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 16
Big Opportunity is to apply the forces of the future on the different market segments
Millennials
Hispanics
AgingPopulation
Global Taste
New Opportunities
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 17
• Born after 1984• First Digital Natives• Different Priorities• Slow to Marriage• Extended Stay in parent's home• Put off major purchases as cars or house• Wellness driven
Millennials: 2 billion people worldwide with 93 MM in the US
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 18
• One Billion by 2030• US has 75 Million• Asia has the biggest issue becasue of
its large elder population
Aging Population: 620 MM individuals are aged 65 and older
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 19
Don’t forget the GEN-Y?
• Born 1965 – 1980 • US has 51 Million• Accept Diversity• Pragmatic/practical• Self-reliant/indivdualistic• Mistrust Institutions
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 20
Age: Born after 1996Parents: 5% are parentsTechnlogy: Five ScreensSocial Media: YouTube, Instagram, SnapchatMobile shoppers: 36%Top Brands: Nike, Lululemon:Attitudes: Community MindedAttributes: Independent, Empowered, Global,
Industrious, Self-assuredFavorite Website: YouTube
Centennials: The Next Big Thing
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 21
• By 2050, there will be over 130 MM Hispanics
• Hispanic spend is similar to other households
• U.S. Hispanics purchasing power is over $1 trillion
• 6 out of 10 Latinos are U.S. born
• Younger generations are skewed to Hispanics
Hispanic Population: 50 MM individuals and increasing
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 23
Human Needs
WATERFOOD
HEALTH
CLOTHING ENERGY
SECUIRITY
HOUSINGSTATUSTRANSPORTATION
CONVENIENCE
SPEED
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 24
Big Opportunity exist at the intersection of forces of the future and market segments
Millennials
Hispanics
AgingPopulation
Global Taste
Opportunities
25
Attacking
Change
Strategically
Anticipate
Disruption
Mindset to
Make
Innovation
Real
MondayMorning
• Growth Gap help create urgency to start
• New Fields of Play provides focus
• Trends are the foundation of innovation
• Strategic Pipelines create competitive advantage
• Partners allow you to go fast (Pali, Pali)
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 26
• Growth Gap help create understanding of problem, investment needed and urgency to start
• Manage ambiguity and uncertainty through New Fields of Playversus betting on a Silver Bullet
• Trends are the foundation of innovation and are critical when developing New-Fields-of-Play
• Strategic Pipelines create competitive advantage and barriers to entry
• Use Partners to go fast (Pali, Pali)
Attacking Change Strategically
New Field-of-Play
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 27
Earn
ings
TimeToday Future
Current Course
ExpectationsHow much
time?2
How Big is the Growth Gap?
1
How much should we invest?
3
With change will come pressure to grow the top and decrease the bottom line resulting in an emerging growth gap
Core Business
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 28
To close the gap, you will have to plant seeds today and that will bear fruit that are relevant in the future
Earn
ings
TimeToday Future
Current Course
ExpectationsDevelop Patience and Persistence?
2
Is harvest big enough?
3
Which seeds to plant?
1
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 29
Core Business
Instead of planting a single seed, you should identify a New-Field-of-Play with potential for many new products and services to close the growth gap
New Field of Play
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 30
At Pepsi, the New-Field-of-Play was Better for You
Single Solution
To
Water
TrendsCompany
• Obesity and Diabetes increasing• People looking for weight
management solutions• Government Tax on Sugar• New and Healthy ingredients
Better for You
$10 Billion Growth Gap in 5 Years
Field-of-Play
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 31
At CEMEX, the New-Field-of-Play was Help-Me-Build-My-House
To
Cement
Trends$3 Billion Growth Gap in 5 YearsCompany
• Price was 2X of the US• Cement competition coming
from overseas• Market demand had slowed
down
Help Me Build My
House
• Financing• Other building materials• Logistics• Know-how-to build a house• …
Solution Field-of-Play
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 32
At 3M, the New-Field-of-Play was Flat and Sticky
To
Post-Its
Trends$X Billion Growth Gap in 5 YearsCompany
• Price was 2X of the US• Cement competition coming
from overseas• Market demand had slowed
down
Flat and Sticky
• Tape• Sand Paper• Paint• Laminants• Privacy
screens• ….
Solution Field-of-Play
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 33
At Apple, the New-Field-of-Play was Seamless
To
iPod
Trends$X Billion Growth Gap in 5 YearsCompany
• Increase in computational power and storage
• Too many disconnected devices• Poor connectivity between
devices• Convergence
Seamless
Solution Field-of-Play
• Easy to connect• Same rules• No seams
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 34
At your company, quantity your growth gap to create urgency and identify your New-Field-of-Play
Your New Field-of-Play
ToSingle
Solution
Your Trends$X Million New Growth in Y YearsCompany
New Field-of-Play
???
Your Company
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 35
How do you find a new field-of play?
Millennials
Hispanics
AgingPopulation
Global Taste
New Field-of-Play
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 36
Create a visualization of your Strategic Pipeline by prioritizing and sequencing concepts and projects to pursue and creating a competitive advantage
Sequence and Prioritize Projects for Commercialization
Project1Project 2
Project 3
New Field-of-Play
???
Stop competitors from copying by having a strategic pipeline
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 37
Making Innovation Real Innovation Journey Exploration
The Innovation Journey
Actual Impact
Finish
Start
Project
is Not a Straight Line
There is no road map for innovation
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 38
Business Innovation Execute Flexibly Imagine Outputs
Work with Partners to Overcome Obstacles
Obstacle
Ahead
Obstacle
Ahead
Obstacle
Ahead
Obstacle
Ahead
Obstacle
Ahead
Obstacle
Ahead
$$$
Finish
Start
BigIdea
Actual Impact
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 39
Leaders must create the mind-set to go outside of your organization and learning to play with others Examples from the Koreans
Making Innovation Real External Partnering Looking across the Value Chain - Examples
“Partnerships and alliances are key to our success” “We believe that in markets driven by common standards, alliances are an important way to spur consumer acceptance and overall success” Kun-Hee Lee,
Chairman
Pali, Pali!
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 40
• Growth Gap help create understanding of problem, investment needed and urgency to start
• Manage ambiguity and uncertainty through New Fields of Playversus betting on a Silver Bullet
• Trends are the foundation of innovation and are critical when developing New-Fields-of-Play
• Strategic Pipelines create competitive advantage and barriers to entry
• Use Partners to go fast (Pali, Pali)
Attacking Change Strategically
New Field-of-Play
41
Attacking
Change
Strategically
Anticipate
Disruption
Mindset to
Make
Innovation
Real
MondayMorning
• Leaders need to ask What’s Next? And What if?
• Leaders must create time and space to explore
• Embrace differences to gain complementary capabilities
• Work on all aspects of the concept tp build the business
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 42
Thinking and Acting differently is critical for sucess
• Leaders need to Look around for What’s Next? And What if?
• Leaders and employees must create time and space to explore
• Embrace differences to gain complementary capabilities –partner/ap
• Work on all aspects of the concept tp build the business
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 43
Leaders need to Look around for What’s Next? And What if?
Making Innovation Real Discipline Ambidextrous – Near and Long Term
Keep the ball on your feet (near term) while looking around for what-if and what’s-next (long term)
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 44
Leaders and employees must create time and space to explore
Making Innovation Real Discipline Company Sandbox – Time and Space
Without experimentation there is no learning!
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 45
Embrace differences to gain complementary capabilities
Making Innovation Real Discipline Embrace Diversity - Think Differently
Digital?
Partnering?
Integrative?
Can these guys even get a job in your company?
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 46
PRICING MODEL
NETWORKS & PARTNERS
PRODUCTION OFFERING DELIVERY MARKETSTechnologiesProcessesAssets
ProductsServicesSystemsBrand
OccasionsLocationsChannels
CustomersNeedsExperiences
Funding
Work on all aspects that helps build the business
Demystifying Innovation Definition Example
Production Delivery
Channel Programing Marketing
Leads
Payment
Show working businesses versus working prototypes
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 47
• Leaders need to Look around for What’s Next? And What if?
• Leaders and employees must create time and space to explore
• Embrace differences to gain complementary capabilities
• Work on all aspects of the concept tp build the business
48
Attacking
Change
Strategically
Anticipate
Disruption
Mindset to
Make
Innovation
Real
New Levers for Growth
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 49
New Innovation Management levers can help drive 10X bigger, 10X faster and 10X cheaper growth
10X BIGGER
10X FASTER
10X CHEAPER
Training Clients
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 50
Welcome to Innovation 4.0
Idea Sourcing Crowd-Sourcing
Experimenting Simulation
PrototypingDigital
Visualization
Competitor Response
War Gaming
Technology Testing
Business Testing
ToTOFrom
INNOVATION 4.0
Powered by Digital Transformation
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 51
From ideas within the organization to beyond your organization and the world
Ideation Crowdsourcing
Leveraging People and Assets of Partners
TO
TO
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 52
Simulating experiments with high power computers
Simulation
What Else?
What If?
Einstein's Thought Experiments can be done more easily
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 53
From expensive prototyping to digital visualization
Prototyping Digital Visualization
See things and make changes quickly
TO
TO
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 54
Work beyond the technology and product to all the other aspects of the valu-chain that helps build the business
Demystifying Innovation Definition Example
Technology Building Business BuildingTO
Acceleration happens when the technology or product is seen as a full business
TO
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 55
From after the fact benchmarking to war gaming
Competitor Response War GamingTO
Know the scenarios of what could happen and the responses
TO
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 56
Crowd Sourcing curated ideas beyond your organization
Company5 Business
School Student Teams
“Where is my next strategic
growth going to come from?”“I want to provide a better
solution than Harvard?
100+ Corporate Sponsors
$1.5 billionin impact
How to do it Innovation Results Innovation Olympics
100+ Business Schools Worldwide
5 BigIdeas
Company
Disrupting management consulting and disrupting business school education
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 57
IXL Center built and manages the world’s largest SME Accelerator having graduated over 600 companies
How to do it Innovation Results Innovation Olympics
10X Growth Program
90%100% 60%
Purchase Order
Concepts Prototypes
Results
ProcessOver 600 Companies
Ecosystems of collaborative companies allows companies to act 10X
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 58
Each level builds on previous levels with an emphasis on learning by doing through projects
GIMI Innovation Training and Certification Certification Levels
Medellin Innovation Summit V1.0 11/13/2013 © 2013 IXL Center Inc. All Rights Reserved 59
• Put Innovation on your executive team meetings Agenda
• Quantify your growth gap – how much and by when?
• Identify your New Field-of-Play
• Create time and space for internal/external teams to drive ideas forward
• Partner and build businesses
• Use Innovation 4.0 Tools
Next Steps
60
Thank youHitendra PatelManaging Director+1-617-259-8417Hitendra.Patel@ixl-center.comwww.ixl-center.com
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