4 steps on your journey to systemize innovation

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Systemizing Innovation? The 4 steps on your journey to operationalize innovation Ludwig Melik CEO, Planbox

Transcript of 4 steps on your journey to systemize innovation

Page 1: 4 steps on your journey to systemize innovation

Systemizing Innovation?

The 4 steps on your journey to operationalize innovation

Ludwig MelikCEO, Planbox

Page 2: 4 steps on your journey to systemize innovation

Our life expectancy has increased by ~30% since 1960.

Corporate life expectancy has fallen by ~300% in the same period!

Time for Business as Unusual

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New Era of Sustainable Innovation

The next 10 years will produce more groundbreaking innovations than the previous 100!

Age of Information

1980 - 2000

System of Record for Financials

Age of Customer

2000 - 2015

System of Record for Clients

Age of Innovation

2015 +

System of Record for Innovation

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Evolution in Innovation for big companies

Traditional Innovation• Minimize mistakes• Maximize productivity • Repeatable processes • Phased & Sequential

Agile Innovation• Experiment & Learn fast • Speed over perfection• Measure what matters• Iterative & Incremental

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Define your innovation objectives

Products & Services

• New Development• Monetize Existing• New Markets• Customer Experience

Business

• Model Transformation• Continuous Improvement• Process Improvement

• Employee Voice• Customer Pulse• Channel View• Supplier Feedback

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Select your innovation focus area

Organization’s Employees

Opinions

Community & Customers’

Feedback

Analyst & Thought Leaders’ Research

Suppliers & Partners’ Feedback

Focus Areas

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CAMPAIGNS SESSIONS COMPETITIONS

Challenge-Driven Innovation

Innovation Jam

Decision Sessions

Diversity Sessions

Shark Tank

Innovation Day

Choose the right Innovation Activity

Unleash organization’s flow of strategically aligned creative ideas

Real time collaborative problem solving and decision making

Identify high value business opportunities Desired

Outcome

Find new opportunities and express commitment to innovation

Market insight, business strategy and Diversity & Inclusion feedback

Collaborative event to propose new solutions to key problems

Desired Outcome

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Innovation Journey

Your Definition of Innovation

Select Innovation Focus Areas

Choose Innovation Activities

Define Innovation Process

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