iq=increased innovation insights

Why does your organization

need more innovation?

The types of innovation cultures

Be ridiculous & willing to fail

Create a passionate & inter-connected innovation dept

Have a strong internal focus

Keep the pipeline flowing

What Drives Innovation?

• Disappearing trade barriers

• Increasing rate of “shifts”

• Increasing customer expectancies

• Increasing amount & access to data/information

• Decreasing cost of entry

Innovation

Opportunity

Development

Opportunity

Identification

Opportunity

Capture

Focus

Shaping

Development

Business Case

Validation & Launch

Filtering

What important strategic goals can be accelerated through the use of innovation?

What new growth opportunities should be explored by innovative techniques? What’s your vision?

How does your firm intend to position itself or distinguish itself from its competitors, and how can you use innovation to support those goals?

Do you have a vision for what you want your organization to look like?

Do you know what it’s going to take to achieve that vision?

Getting there will no doubt require that you navigate complex global economic shifts, market nuances, and new technologies.

The most important factor sustaining innovation is an operating model that considers innovation as “business as usual (BAU).

BAU is all the norms inside your company that govern how your company operates.

Innovation is a strategic choice rather than an act of fate.

Product | Process | People

Out with the old. In with the new.

Culture eats strategy for breakfast!

Lack of innovation is a choice

Customers MUST

be part of the

co-creation

process

Innovation is not

something a special

team does—it is

something which must

be ingrained in the

mindsets and behaviors

of everyone.

Champion creativity and innovation will follow

Your mind is a

container of possibilities

Meet OutsideThink Inside

Depth Distance

Determination

CHANGE =

something

new=INNOVATION

Shift from efficiency as

business as usual (BAU) to

innovation as usual.

Are YOU ready for change?

• 70% of companies say that

innovation leads to

competitive edge.

• 15% of IT staff focused on IT.

• 85% IT staff focused on

maintaining status quo.

• If Innovation is the goal how

do you get there?

• Simplify--Go ‘inside the box.’

Rethink expertise

The real trend in business is

Is there a disruptive way to solve a problem?

We purchase wisdom.

We use products.

Failure is the

first cousin of success

• Study failure as closely as

you study success.

• Why did you miss the mark—

idea, execution, support?

• How can you invert those

results if you were doing it all

over again?

• Crystallize the key lessons

learned.

• Try again.

Discover

Appreciate

“The best of what is”

Dream

Imagine

“What could be”

Design

Determine

“What should be”

Destiny

Create

“What will be”

Make it.

Master it.

Make it matter.

Rivalry among existing

competitors

Threat of new entrants

Bargaining power of buyers

Threat of substitute

products/services

Bargaining power of suppliers

Are there important forces that shape

your industry’s competition?

7DOMAINS

Strategic Alignment

Motivation

Culture

EnvironmentStructure, function &

design

Governance

Language, context &

communication

What do your

customers

Want? Need? Value? Expect?

Commitment to

the vision trumps

funding, technology,

gold-plated degrees,

and culture.

Can early profitability be a choice?

Provide imaginative,

broader information.

Wealth is not gained by

perfecting the known,

but by seizing the unknown.

Mobile, social and search have become more

meaningful than any website home page.

What might be simplified,

adapted, magnified?

Now over

2.8 billion social media profiles

worldwide.

Customers want the

product of your product.

Failure to understand customers, employees,

stakeholders

Inspire curiosity

Question assumptions

Lackluster ideas

Challenge current

perspectives

Think differently

Aversion to risk taking

Create freedom

Experiment

Innovation Challenges

Poor executionDrive

disciplineGet things

done

Driving Innovation

inside

What am I doing differently tomorrow

that will obtain better results than

I achieved today?

“Every product we make will be

obsolete in 2 years.

The only question is who will be making

the new products.”- Bill Gates

Talk To Me

LinkedIn: www.linkedin.com/in/jamesfeldman

Twitter: @ShiftHappensNow

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