leading innovation teams. creating return on innovation innovation facilitators leadership...
TRANSCRIPT
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LEADING INNOVATION TEAMS
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Creating Return on Innovation
Innovation FacilitatorsLeadership• Innovation Strategy• Vision• Champion• Tolerance for failureStrategic Assets• Input, Process, Channel,
Customer and Market Knowledge Assets
People • Innovation Champions• Skills & Competencies• IntrapreneursOrganization Culture• Values • Norms• CommitmentResources • Compensation• Intellectual Capital• Financial• Time• Space
Innovation Performance
New or altered products, services,
processes, systems, organizational structures, or
business models.
Return on InnovationBusiness Results• Growth• Profits• Increased MarginsMarket Results• Market capitalization• Market growth
Innovation Behaviors
Management Practices• Formal Innovation Processes• Unstructured Innovation Processes• Collaborative Innovation ProcessesKnowledge Processes• Capture of existing internal and
external knowledge• Creation of new knowledge• Dissemination and sharing of
knowledge
Innovative Barriers
Mindset• Not-invented-here• Nothing-is-invented-hereShortage of resourcesOrganizational bureaucracyLack of motivation
SOCIETAL FACTORS• Society / Culture• Historical Context
REGULATORY FACTORS
• Government & Social policies
ECONOMIC FACTORS• Technology
• Intellectual Resources• Strategic Partners
National Context
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Facilitating innovation through…
Effective leadership Organization structure Organization culture People and team work Reward & Performance Evaluation Systems
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The case of Critical Mass
Issues to be analyzed:
1. Business Model
2. Leadership
3. Organization Structure
4. Organization culture
5. Human resources
6. Team work
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Team analysis:
90 minutes, 6 teams Analysis of issue using:
1. The Critical Mass case
2. The textbook and class materials
3. www.criticalmass.com Presentation to class (3 slides):
1. Explanation of the issue
2. Application of concept(s)
3. Insights and/or recommendations
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Teams
Leader responsibility Pick up team package Choose a place to meet Monitor progress against time allotted and
assignment objectives Ensure everyone is engaged in the assignment Get the team with their presentation back to
class on time
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TEAM ASSIGNMENTS
1
Bhansali, Akshay Cortes Borges, VitorJia, Ruobing LEADERMelhorn, Carine Shahid, UmerTombides, Ashlee Weijerman, Mitchell
2
Domingues Fonseca, RafaelDwumfour, Joseph Gunchin-Ish, DolgorsurenKeuthen, EmilyMougenot, Rolland LEADERVega Morales, David Winkler, Jean-Luc
3
Faerch, Maya Gordon Ubillus, Alina Jajeh, KatrinMukeshimana, Francine LEADERPestano, Louie Wu, Elizabeth
4
Abidine, Sidi Mohamed LemineFrederiksen, GitteJuergens, Sarah Jungbluth, Regina Rutherford, Gerald Turmena Burin, Andre LEADERUrieta, Marie
5
Angeli, Stefano Khon, SothearyPedersen, Soeren Pesce Eliezer, GabriellaSchmidt, DanielWoo, AliceXiong, Tianni LEADER
6
Badrulhisham, MuhammadDall'Osso, Claudia LEADERGlock, SonjaOrvananos Rea, AndresSalgueiro Fernandez, FranciscoShah, Radha
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BE BACK AT 8:15 WITH PRESENTATIONS READY!
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Wrap Up Issues:
Importance of client relationship Importance of creativity: ability to produce
new things, ideas or knowledge Imperative for innovation: successful implementation of creative ideas
Tradeoff between implementing immediate value to clients and longer-term, more “generic” creative activities.
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Creative activities that will produce direct client benefits:
1. Incremental improvement
2. Combine existing ideas
3. Develop a completely new idea
4. Look at something old in a new way
5. Consider a problem from different angles
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Evaluating a creative solution
1. Will it be successful in achieving stated goals or meeting a need well?
2. Is it an efficient solution? Is it economical, ideally low-cost, while delivering high performance?
3. Is it a new solution? Original, ground breaking or surprising?
4. Is the solution coherent in that it involves a clear conceptual design and is artistic, attractive or elegant?
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How does Pixar Foster Creativity?Harvard Business Review, September 2008
Pixar cofounder Ed Catmull exemplifies the greatest form of leadership: empowering others to achieve the extraordinary. He describes the architecture of Pixar's collective genius--a community where people at all levels support one another.