acss management booklet launch slides - bhatt

7/31/2019 ACSS Management Booklet Launch Slides - Bhatt

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Experiences @ TATA

NNOVATION


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1990: India & Tata

Economy:Closed, Insulated (Peak importduties down from 125%)

Market:Supplier dominated

Customer:Limited choice

Education:Doing things right

GDP per capita growth rate:

India

Low stakes in major companies Tata

Power 4%, Tata Steel 8% etc.

Low revenues (6 billion)

No Group logo, various versions of T

Tata Group

Early Innovations by the Group Started byTata Enforcedby Law

8 hour working day 1912 1948

Maternity Benefit 1928 1946

Leave with pay, Workers ProvidentFund Scheme

1920 1948

1.8%1.6%

2.8%

4.4%

3.4%

1950 1960 1970 1980 1990


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The Mantra in the 90s: Improve fast

Initiatives:Cost cutting (Big 5 consultants),

Benchmarking, Knowledge Management,

Competitive Intelligence

Focus:Tight integration and alignment towards

Vision and GoalsLearning missions to USA

Extensive use of The Tata Business

Excellence Model (Malcolm Baldrige)

Traits:Humility to learn and Copying fast

without failing


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What was missing?

The attitude of Lookup or Look aroundvsLook

ahead: Can you tell me who else is doing?, Showme how it is done?

Risk averse culture:Failure-a stigma for managers;

Improvement projects with 100% chances of success.

Cost reduction the dominant theme forinnovation

You could at best be the 2ndand never be the leader


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TGIF Charter in 2007


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Building Capability

Workshops and Training: 5000+ Managers

Open Innovation:Prof Henry Chesbrough,Haas School at Berkeley

Disruptive Innovation:Prof ClaytonChristensen, Harvard

Business School

Innovation Value Chain:

Prof Julian Birkinshaw,London Business School

The Innovators Mindset:

Dr James Canton, CEO &Chairman futureguru.com


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InnoMissions


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Research and Publications


10/2010

Objective: To quickly let the companies/teams know the health of theirinnovation ecosystemgenerate creative tension

Adopted from Prof Julian Birkinshaw

1. World-class system that measures the health of innovation ecosystem

Robustness of Process

Conduciveness of ambience (Culture)

Strategic Focus

2. Benchmark of 121 companies across geographies and sectors

3

3.

1

2.

9

2.

8

2.

8

2.

8

4.5 4.5 4.5 4.5

4 4

II IO CP S D D

Sample

Innometer

Result


11/2011

Three parts of Innometer

Idea Generation(Inside, Outside, Cross

Pollination)

Idea Execution(Selection,

Development)

Monetisation

Process

Culture

Constraints Chaos

Direction Space and Time

Rules and boundaries Support systems

Strategic Focus

Senior Managements Role Trust InhibitionsEmpowerment Silos R&RAgility Bureaucracy Measurement


12/2012

Overall Innometer Outcomes

2.Conversion1. Ideas Generation

ProcessB

3.Monetisation

InsideCross

pollinationOutside

Development

Selection

CultureC

Strategic FocusA

Drive inorganization

BusinessFocus

Structure forManaginginnovation

InnovationPortfolio

Inno

vation

outc

omes

Measure health of innovation ecosystem


13/2013

Balanced

Innovation Portfolio

Product /

Services

Process Business Model

Break-throughInnovation

IncrementalInnovations

Improvement

Ideas

Ideas Creative Themes

Employees Employees

No process can replace CREATIVITYrequired for Ideas

Objective: To help companies identifyOpportunities for Innovation and generate

CREATIVE THEMES for targeting

innovations

The Catalyst

Adopted from Prof Clayton Christensen

InnovationPortfolio


14/2014

Tata InnoVerseConnecting Tata Companies Powering the idea engine

We need plenty of ideas

We need speed to locatethe most promising ones USE WISDOM OF CROWD

But How? Idea Market similarto Stock Market

Buy/sell idea

Why participate?Material benefits,

Social Esteem


15/2015

Tata InnoVerse: Early results

11Companies

24,400+users

14,750+logged in

26,900+Ideas

2,83,000impressions 1600+ ideas

selected

110+ ideasimplemented

Comment

Bet

Rate

Post

43% ideas are coming from outside

An indication of positive culture of OPEN INNOVATION


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17/2017

Group level process to capture, showcase and

stimulate Innovations


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Thank You

NNOVATION

acss management booklet launch slides - bhatt

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