An Interactive Program on

Business Innovator(What, Why and How)

Dr.Kabaly P Subramanian PhD,MCMI (UK)Arab open University

Objectives

At the end of this program, the participants will be able to

Define Innovation Understand Business Innovation and

its importance in the organizations (workplace)

Learn the process of becoming an Innovator

What is Innovation?

What?

First to introduce something new/ better than before.

Something different

Why to Innovate in Business?

Why?

Innovation is the lifeblood of any large organization (Birkinshaw,2011)

Companies that don’t innovate die (Chesbrough,2003)

Successful innovator’s deliver above average growth ( Innovation leader’s research,2011)

71% of Business Leaders rank innovation as top three priorities.

55% are satisfied with Financial ROI in Innovation

How to Innovate?

Innovation Process

Important insights

Innovation is not just related to thinking, it is also about behavior.

Innovating is not a just a genetic predisposition, but an active endeavor.

Important Insights

Thinking Doing Behaving

Questioning

“Question the unquestionable.”

- Ratan Tata , Tata Group .

Questioning

Employing a series of questions to explore an issue, an idea or something intriguing to develop answers and insights.

Questioning

Questioning

Fan noise was distracting and size is also bigIs there a need for a fan? Yes, It is required fan to prevent overheatingIs it possible to prevent overheating, without a fan? It is not possible with the existing type of power

supply Is it possible to design a new power supply? Switching power supply, which replaced fifty-year

old conventional linear unit technology

This revolutionized the way power was delivered to electronic products

Questioning

Observing

“Observation is a big game changer in our company.”

- Scott Cook,founder,Intuit.

Observing

active acquisition of information from a primary source through careful and directed attention.

Observing

Henry Ford : Observed Meat Processing company and innovated Assembly line Production System. (12 man hours to 90 minutes to assemble a car)

Assembly Line Production System

Observing

Observing

Ray Kroc : Observed MacDonald brothers small restaurant operations and innovated Fast food restaurant chain.

McDonalds

Xerox-Star-GUI-1981

Observing

Steve Jobs : Observed screens of computers with graphic symbols at Xerox PARC and innovated GUI based OS.

Apple-Lisa-1-1983

Networking

“What a person does on his own, without being stimulated by thoughts and experiences of others, is even in the best of cases rather paltry and monotonous.”

Albert Einstein

Networking

(Business) Networking is a group of individuals engaged in exchange of information and services in order to have productive business relationship.

Networking

Innovators attend networking conferences like TED, World Economic Forums and Aspen Ideas Festival.

Jeff Bezoz , regularly attends TED conferences.

Cross Discipline Connections Conferences on a topic outside your

field of expertise can also spark new ideas.

Experimenting

“I haven’t failed … I’ve just found 10,000 ways that do not work”

- Thomas Alva Edison

Experimenting

Act of trying out new things in order to determine the efficacy of something.

Experimenting

For Business Innovator’s ,world is their laboratory.

P&G and Google orchestrated a 3-month swap of employees to see how a very different and successful companies operate.

PayPal founder Peter Thiel : Security Wallet experiment, Palm Pilot money transfer experiment,e-mail money transfer…and finally online payment system.

Associating

“Creativity is connecting things”

Steve Jobs

Associating

Ability to make surprising connections across areas of knowledge, industries ,even geographies

Associating

Laptop + Smart Phone = Tablet

F2F + e-learning = Blended Learning

Laptop + Smartphone = Tablet

Associating

Innovators rarely invented something entirely new.

Mostly, recombined the ideas they had collected in new ways.

Cirque Du Soleil

Scope of Business Innovation

Product Process Management

Product Innovation

Process Innovation

Management Innovation

Management Innovation

Reference

The Innovator’s DNA : Mastering the five Skills of Disruptive Innovaors

Dyer,Gregersen and Christensen (2011)

Harvard Business Review Press Blue Ocean Strategy : W. Chan Kim,

Renée Mauborgne (2005) Harvard Business Review Press

Thank YouEmail : kabaly@aou.edu.om