infoShare 2014: Luke Mansfield, Think fast, act fast
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21-Oct-2014 -
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Transcript of infoShare 2014: Luke Mansfield, Think fast, act fast
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SAMSUNG | PRODUCT INNOVATION TEAM | FUELING MARKET DRIVEN INNOVATION | PRIVATE & CONFIDENTIAL
INNOVATING FASTER How to get ahead and stay ahead
INFOSHARE
5 ‘14
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Change Everything!
…except your family.
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Burn Everything!
…if that’s what it takes
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 5
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 6
The issues with moving fast
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 7
Innovation within Samsung
A multifaceted approach
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 8
European Innovation Team
Consumer focus – Multi-disciplinary approach
Industry Norm
Samsung E.I.T.
Gather consumer & Expert Data
Develop Opportunities Create Product Concept
Test & Refine
Design & Technology
Consumer Research
Commercial Strategy
Sales & Marketing
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 9
Delivering Tangible Results
$1.1Bn profit contribution in 3 years
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 10
Maximising your Innovation Return
Yield vs. Capability
Process
Experience • of Innovation (end to end) • of Your Company Culture • of Other Industries • of Consumers
Yie
ld
Capability
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 11
Disruptive Product
‘Lost in the crowd’
Relevance
Dif
fere
nti
atio
n
‘Gadgets’
Line up products
Higher Lower
Low
High
The magic formula for success
A focus only on differentiation guarantees failure
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 12
Products need to shine thru the mess
Photographs taken during Fieldwork
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 13
The information that consumers see
Photographs taken during Fieldwork
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 14
Fixing problems sometimes creates new ones
Photographs by Eric Adras
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 15
How to spot big new trends
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 16
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SAMSUNG | PRODUCT INNOVATION TEAM | PRIVATE & CONFIDENTIAL 17
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Thank you.
Luke Mansfield
Head of Innovation
Samsung Electronics Europe