innovations

Innovations

Aleksejs [email protected]

Disruptive innovations12:40 – 15:50

Crowdsourcing12:40 – 15:50

Exam12:40 – 15:50

3 K1

Presentations themes

1. TOC Theory of constrains.

2. TRIZ.

3. Kaizen.

4. Open business models.

5. Lateral thinking.

Innovations = ideations + project management

generation

development

sale

Creativity techniques

Incubation, prototypes, tests

Elevator speech (elevator pitch)

Right/Left Brain Dominance Test

Which Side Are You On? Circle either “A” or “B” that most accurately describes you.

1. A. At home, my room has organized drawer and closets. I even try to organize other thingsaround the house.

B. At home, I like the "lived-in" look. I clean as I see a need and when I have the time.

2. A. My desk is usually clean and has everything in place.B. I leave my work out on my desk so I can work as I am inspired by

ideas.

3. A. I like using the "tried and true" method.B. I like creating new methods.

4. A. I follow directions carefully when I build a model, make a craft, etc.B. I like to build a model my way, making my own creation.

5. A. I complete one project at a time.B. I like to start many different projects, but do not like to finish them.

6. When I am asked to write a report on a subject, I........A. research information, then outline and organize my writing.B. work in my own self-inspired direction.

7. When I had to do a project in class, I.....A. used my parents' ideas, a book's illustrated project or modeled another student's project who

received an "A+" from my teacher.B. loved the challenge, and like a "mad scientist," I produced a unique project.

8. When I am in charge of a big job with many people working, I usually...A. organize, give everyone their responsibilities, make lists, and make sure everyone finishes their

part on time.B. work at my own pace, let others work on the job as they want. I want to take care of

needs/problems as they arise.

9. Which of these activities would you like to do the most?A. planning the details for a trip/projectB. creating an original art form

10. I hate it when other people.....A. are indecisive about what activities to do when I am with them.B. plan activities in step-by-step detail when I am with them.

Scoring the Left/Right Brain TestAdd the number of "A" responses.Write the sum here.______Add the number of "B" responses.Write the sum here.______

If you have more "A" responses than "B" responses, then you are left-brained dominate.

This means you........• are very rational• analyze people and situations• usually favor the subjects of

math/science• are methodical• are a sequential thinker• use logical reasoning• like to work with things that

can be seen or touched

If you have more "B" responses than "A" responses, you are right-brain dominate.

This means you.......• are very creative• are usually emotional• like to be different from

others• handle situations easily• like to think abstractly• enjoy the

arts(music,art,drama)• are a divergent thinker

FUN FACTS ABOUT YOUR "SIDES"

• The right side of your body is controlled by the left side of your brain.

• The left side of your body is controlled by the right side of your brain.

• Most people are left-brain dominate, even people who are left-handed writers.

• The left side of your brain controls speech, reading, writing, and math.

• The right side deals with spatial relationships, abstractions, and your feelings.

creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity creativity

• A descriptive title • Clarify the target audience for the pitch • Describe a problem the audience wants solved • Provide a compelling solution to the problem • Explain your key differentiators and skills of the problem solver • Find exciting motivations for the audience to use the solution • Describe your motivations

Types of Innovation

Technology Innovation

Product & service Innovation

Process Innovation

Business model Innovation

Innovation Matrix

New

Near to the existing

NewNear to the

existing

Business model

Tec

hn

olo

gy

Innovation Matrix

New


Incremental Innovation

NewNear to the

existing

Business model

Tec

hn

olo

gy

Innovation MatrixSemi-radical InnovationNew



NewNear to the

existing

Business model

Tec

hn

olo

gy

Innovation Matrix

Semi-radical Innovation

NewNear to the

existing



New


Business model

Tec

hn

olo

gy

Innovation Matrix


Radical Innovation

NewNear to the

existing



New


Business model

Tec

hn

olo

gy

Ersatz Radical Innovation

+ =



The Six Levers of Innovation



Value proposition

Supply Chain

Target Customer

Changes in the value proposition of the product

or service – essentially, what you sell and deliver to the marketplace – may be entirely new product or

service or an expanded proposition for an existing

offering.

Supply chain – how value is created and delivered to the

market. Changes to the supply chain are usually “behind-the-

scenes”, changes that customers typically do not see.

This type of business model change affects steps along the value chain, including the way an entity organizes, partners, and operates to produce and

deliver its products and services.

Changes in to whom you sell – the target customer segments – usually occur

when an organization identifies a segment of

customer to whom it does currently direct its

marketing, sales, and distribution efforts that

would consider its product and services valuable.



Value proposition

Supply Chain

Target Customer

Product and Service offerings

Process technologies

Enabling Technologies

A change to a product or service that a company offers

in the marketplace – or the introduction of an entirely new

product or service – is the most easily recognized type of innovation because consumer see the changes first-hand. In today’s fast-changing market,

consumers have come to expect significant and

recurring technological innovation of this kind.

Changes in the technologies that are integral parts of

product manufacturing and service delivery can result in

better, faster, and less expensive products and services. These process technology change are usually invisible to the

consumer, but often vital to a products competitive posture.

Rather than changing the functionality of the product or the process,

enabling technology enables a company to executes the strategy

much faster and leverage time as a

source of competitive advantage.

The Challenges of Balancing Creativity and Value Capture

As organizations mature over time

Bias toward creativity

Balance creativity and value capture

Focus on value capture

Challenge for start-up companies

Challenge for mature companies

Cre

ativ

ity P

roce

sses

(I

mag

inat

ion)

Val

ue C

reat

ion

Pro

cess

es (

Con

cept

into

Rea

lity)

Out-of box thinking

Raw and refined ideas

Experimentation

Ambiguity/Uncertainty

Research

Intuition

Surprise

Seize opportunity

Ask questions and explore the unknown innovation

Vis

ualiz

e th

e fu

ture

an

con

side

r al

l op

tions

Incl

ude

incr

emen

tal a

nd

radi

cal i

nnov

atio

ns

In-the-box thinking

Engineering/Manufacturing

Precision

Well-calculated trade-offs

Buying/Selling of ideas

Do things right

Get the product into the marketplace

Bias for incremental

Avoid major risk

Answer questions and verify solutions

Organizational Antibodies Blocking

Innovation

The company suffers from

Not-Invented-Here

syndrome.

“We have always done it this way”

mentality dominates decision-making.

Failures are socially

punished.

The power structure supports

status quo and fights change.

Managers see supporting

innovation as reducing

efficiency and as a waste.

Measures and rewards

support a focus on

short-term efficiency.

Innovation are funded based almost entirely

on financial metrics.

There is a lack of tangible commitment

to innovation from top management.

Innovation are ignored or rewarded unfairly.

Ideas have nowhere to

go.

Innovation is treated as discrete

events rather than as day-

to-day activity.

Recommended literature

photos are from Flickrunder a creative commons licenseauthors indicated in comment page of ppt

innovations

Business

radical innovationincremental

radical innovationnewnear

existingincremental

existingbusiness

brain dominate

innovation

innovation

supply chain