Edla Chef #1 - Innovation

Lars Wattsgård - 2016-04-18

Inspiration taken from this slide share http://www.slideshare.net/openinnovation/open-innovation-presentation-684192/8

First, the definitions

● An inventor – creates a new product or solution

● An entrepreneur – person who starts a new business.

– it can create new jobs and new wealth

● An innovation – a new idea that is put into valuable or profitable

action.

http://innovateonpurpose.blogspot.se/2009/12/difference-between-innovation-invention.html

Disruptive innovation

● Analogue radio

● CRT TV● Vinyl music● Analog music

● Transistor radio(-quality, +size)

● LCD TV● Tape● Download/stream

music

http://www.slideshare.net/Christiansandstrom/5-examples-of-disruptive-innovation

HDD business

http://www.slideshare.net/Christiansandstrom/disruptive-technologies-an-introduction

http://www.slideshare.net/Christiansandstrom/disruptive-technologies-an-introduction

Mountian bikes

● ”Clunkers”● Northern California● Racing bike gears● Motor cycle breaks● Standard frame● 10-15 years until

commercially available● 65% of total sales (2005)

https://www.ted.com/talks/charles_leadbeater_on_innovation

Aravind Eye Care System(listen to the customer and innovate with the process)

● Streamline the process

● Doctor time is bottleneck

● Paramedic is doing everything else

● 2000 procedures a year (400 is national average)

● 2 patients in parallel

● Distributed treatment

● 5 hospitals

● Lens production Aurolab

– 1980 – 100 USD

– 1991 – 5-10 USD

● Founded in 1976

– treated 29 million patients

– performed 3.6 million eye surgeries & laser procedures

Source:http://www.forbes.com/global/2010/0315/companies-india-madurai-blindness-nam-familys-vision.html

Innovation triple helix

http://www.channelingreality.com/Corporations/organization_of_power.htm http://www.sciencedirect.com/science/article/pii/S0048733399000554 http://www.chss.uqam.ca/Portals/0/docs/sts8020/(20)Etzk-Leides.Triple.Helix.pdf

Our current market

Our new market

Other firm´s market

Open Innovation

External technology insourcing

Internal technology base

External technology base Henry Chesbrough, 2004

Internal/external venture handling

License, spin out, divest

Philips – Open Innovation(Examples of Open Innovation)

● “inside-out” innovationwe make our skills and resources available to the outside world. For example, we regularly undertake contract research for external parties, provide technical facilities and support, and assist with IP licensing.

● “outside-in” innovationwe draw on the capacities of individuals, organizations, and even small start-ups from around the globe. By providing a broader window on the world of health and well-being, these strategic partners help us gain new insights and access to new technologies.

http://www.research.philips.com/open-innovation/

Philips – simply innovate(Examples of Open Innovation)

We are currently actively looking into new ideas in:

● Health monitoring

● Exercise monitoring and coaching

● Nutrition optimization

● Making hair or skin look younger and healthier

● Improving personal hygiene

● Helping infants, children and adults to sleep better

● Other ideas that will help improve people’s health and well-being

http://www.simplyinnovate.philips.com/index.php

Things to overcome

● TetraPak– Folding

– Origami artists

● Stora Enso– paper pulp

– need help

● Courage● Neutral partner

Joy's theory

● Bill Joyco-founder of Sun Microsystem

● Joy's theory

● "No matter who you are, most of the smartest people work for someone else”.