Innovation process first session
-
Upload
mbi-program-bangkok-university -
Category
Business
-
view
24 -
download
1
Transcript of Innovation process first session
Innovation Process
First observation• Lots of lots of lots of lots of Innovation model.• There is no right or wrong.• There is no universal model.
Succeeding at Innovation is tough• In fact, a recent study performed by
Harvard business school showed that 70% -90% of innovations fail to find the customer. This results in retiring innovations from the market in only 12 months after market launch.
• A similar failure rate is found among innovation startups, which also fail at a 90% rate, according to a study done by Stanford business school
Knol,Google reader,Google Buzz
Even very innovation driven companies, such as Google, Microsoft, Danone, Renault among others, fail, as well
maps Essentis
Vista VelSatis
So…..
Why do most innovation fail?
Top Reasons for Innovation Failures• Too little voice of
customers• Underdeveloped
capabilities• Inefficient innovation
and operational processes
• Poor failure management
• Time
Too much focus on technology• There’s often too much focus on technology and not
enough on understanding consumers.• Example:• the Concorde, the first supersonic commercial airplane,• the EPR, the latest generation nuclear plant,• the “Rafale”, a first rate military airplane, and• the “Minitel” a very innovative telecommunication systems
which, in many ways, predated the Internet.
People think that being one step ahead is enough
• Product life-cycle is extremely short• Being one step ahead isn’t enough.• No more competitive industry.• Competitive as usual
Innovation Failure
71 innovation methodologies …. and many mores
22
http://www.openinnovation.eu/04-02-2016/71-innovation-methodologies/
23
What happen to these companies?
25
Why innovate “inside the box”?
26
27