LEADING INNOVATION TEAMS

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 BehaviorsManagement 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 BarriersMindset• 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

Facilitating innovation through…

Effective leadership Organization structure Organization culture People and team work Reward & Performance Evaluation Systems

The case of Critical Mass

Issues to be analyzed:1. Business Model2. Leadership 3. Organization Structure4. Organization culture5. Human resources6. Team work

Team analysis: 90 minutes, 6 teams Analysis of issue using:

1. The Critical Mass case2. The textbook and class materials3. www.criticalmass.com

Presentation to class (3 slides):1. Explanation of the issue2. Application of concept(s)3. Insights and/or recommendations

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

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

BE BACK AT 8:15 WITH PRESENTATIONS READY!

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.

Creative activities that will produce direct client benefits:1. Incremental improvement 2. Combine existing ideas3. Develop a completely new idea4. Look at something old in a new way5. Consider a problem from different angles

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?

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.