front end of innovation worlshop: strategy tools - in action. basic version

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Page 1: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Welcome

Page 2: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Strategy Tools - in Action

#FEIEMEA #STFTNG

Page 3: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 4: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 5: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Christian Rangen Partner

Co-Founder

Elisabeth Øvstebø Managing Partner

Co-Founder

Inger Hanne Vikshåland Consultant

Head of Marketing & Events

Page 6: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

The building blocks of innovative organizations

Page 7: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 8: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Map out your company; Why; What, How, using a 1 – 6 scale

Page 9: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 10: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

..... Cut costs and

defend the core business

Let’s analyze I want to see the financials

Your typical Board of Directors or Top Managemement teams

Page 11: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Cost-cutting $$$

Page 12: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Transformational capacity

Legacy core business

Page 13: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 14: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Shifting strategy

Page 15: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 16: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

.....runs 2000+ business model experiments per year

Page 17: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

‘’We plant seeds that may take 7+ years to bear fruits’’

Page 18: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

‘‘…if we needed financial results in 2-3 years, most of our things would never have happened’’

Page 19: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

3 kinds of innovation Clay Christensen, Harvard

Page 20: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Efficiency -based

innovations

LEAN, Simplify Cut costs, Downsizing, Frees up, preserves capital STEP: Statoil Technical Efficiency Program

Page 21: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Performance –improving innovations

Improve what already is Product upgrades Limited use of capital iPhone 6+

Page 22: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Market -creating innovations

Create new business models+ Create new customers Put capital to use Most value is created

Shackleton, Zaptec, 1 billion

Page 23: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

…most understand …many think about ….few grasp

Page 24: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 25: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Get yours at www.strategytoolsforthenextgeneration.com/threelevels

Three Levels of Business Models by Christian Rangen and Elisabeth Øvstebø is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.

Three Levels of Business Models

Swing for the fences

Map o

ut your future

reve

nue

streams

Consulting

Milk & Bread

% of your revenue:................................................

Truly audacious, mind-blowing, amazing, wow

business ideas can be found here. With a very

high risk/reward profile, 7 or even 9 out of 10 of

these will fail. But the ones who make it will make

up for the failed ones. Often, these projects

require significant work to pitch to clients and

parters, who often don’t get it the first few times.

But once successful, these will push industry

innovation and attract attention far outside the

current client and partner base.

Genuine knowledge workers dream of working

here.

% of your revenue:....................................................

More challenging and interesting projects can be

found here. These carry somewhat higher risk, but

also higher income streams.

There’s always a degree of uncertainy on behalf

of the consultants if and how this work is possible.

These projects require some

creative thinking to solve.

% of your revenue:....................................................

Is the steady, long-term, low-risk cash flows. Pays

the rent and salaries. We can budget these

income streams well in advance with a high

degree of certainty. Often, this is repetitive,

low-innovation work. For knowledge workers, this

can, over time, sometimes become boring.

1

2

3

Page 26: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 27: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Get yours at www.strategytoolsforthenextgeneration.com/threelevels

Three Levels of Business Models by Christian Rangen and Elisabeth Øvstebø is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.

Three Levels of Business Models

Swing for the fences

Map o

ut your future

reve

nue

streams

Consulting

Milk & Bread

% of your revenue:................................................

Truly audacious, mind-blowing, amazing, wow

business ideas can be found here. With a very

high risk/reward profile, 7 or even 9 out of 10 of

these will fail. But the ones who make it will make

up for the failed ones. Often, these projects

require significant work to pitch to clients and

parters, who often don’t get it the first few times.

But once successful, these will push industry

innovation and attract attention far outside the

current client and partner base.

Genuine knowledge workers dream of working

here.

% of your revenue:....................................................

More challenging and interesting projects can be

found here. These carry somewhat higher risk, but

also higher income streams.

There’s always a degree of uncertainy on behalf

of the consultants if and how this work is possible.

These projects require some

creative thinking to solve.

% of your revenue:....................................................

Is the steady, long-term, low-risk cash flows. Pays

the rent and salaries. We can budget these

income streams well in advance with a high

degree of certainty. Often, this is repetitive,

low-innovation work. For knowledge workers, this

can, over time, sometimes become boring.

1

2

3

Page 28: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 29: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Get yours at www.strategytoolsforthenextgeneration.com/threelevels

Three Levels of Business Models by Christian Rangen and Elisabeth Øvstebø is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.

Three Levels of Business Models

Swing for the fences

Map o

ut your future

reve

nue

streams

Consulting

Milk & Bread

% of your revenue:................................................

Truly audacious, mind-blowing, amazing, wow

business ideas can be found here. With a very

high risk/reward profile, 7 or even 9 out of 10 of

these will fail. But the ones who make it will make

up for the failed ones. Often, these projects

require significant work to pitch to clients and

parters, who often don’t get it the first few times.

But once successful, these will push industry

innovation and attract attention far outside the

current client and partner base.

Genuine knowledge workers dream of working

here.

% of your revenue:....................................................

More challenging and interesting projects can be

found here. These carry somewhat higher risk, but

also higher income streams.

There’s always a degree of uncertainy on behalf

of the consultants if and how this work is possible.

These projects require some

creative thinking to solve.

% of your revenue:....................................................

Is the steady, long-term, low-risk cash flows. Pays

the rent and salaries. We can budget these

income streams well in advance with a high

degree of certainty. Often, this is repetitive,

low-innovation work. For knowledge workers, this

can, over time, sometimes become boring.

1

2

3

Page 30: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 31: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 32: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

‘’Tesla’s business model defies all logic’’

- CNN, 2013 !

Page 33: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Get yours at www.strategytoolsforthenextgeneration.com/threelevels

Three Levels of Business Models by Christian Rangen and Elisabeth Øvstebø is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.

Three Levels of Business Models

Swing for the fences

Map o

ut your future

reve

nue

streams

Consulting

Milk & Bread

% of your revenue:................................................

Truly audacious, mind-blowing, amazing, wow

business ideas can be found here. With a very

high risk/reward profile, 7 or even 9 out of 10 of

these will fail. But the ones who make it will make

up for the failed ones. Often, these projects

require significant work to pitch to clients and

parters, who often don’t get it the first few times.

But once successful, these will push industry

innovation and attract attention far outside the

current client and partner base.

Genuine knowledge workers dream of working

here.

% of your revenue:....................................................

More challenging and interesting projects can be

found here. These carry somewhat higher risk, but

also higher income streams.

There’s always a degree of uncertainy on behalf

of the consultants if and how this work is possible.

These projects require some

creative thinking to solve.

% of your revenue:....................................................

Is the steady, long-term, low-risk cash flows. Pays

the rent and salaries. We can budget these

income streams well in advance with a high

degree of certainty. Often, this is repetitive,

low-innovation work. For knowledge workers, this

can, over time, sometimes become boring.

1

2

3

Page 34: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Design a structure for transformation

2

Page 35: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

”The problem is

NOT new ideas”

Page 36: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

The problem is the system, processes, methods, tools and resource allocation.

Page 37: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

…it’s the HOW of the organization

Page 38: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

How can you build an architecture of transformation?

Page 39: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

M + S + M

Page 40: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

M + S + M Architecture

Page 41: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Money + Structure + Mandate

Architecture

Page 42: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Money #1    

We  have  easy  access  to  minor  investment  funds    for  new  ideas  and  new  ventures  

     #2    

As  a  company,  we  are  truly  great    at  making  explora>ve  investments    

 

Page 43: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Structure #3    

We  have  a  unit  (person,  team,  department)  responsible    for  en>rely  new  business  development  

   #4    

We  have  a  corporate  structure  for  early  ventures,    strategy  experiments,  growth,  spin-­‐ins,    

spin-­‐outs  for  new  businesses      

Page 44: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Mandate #5    

We  have  an  explicit  growth  ambi>on  from    the  Board  of  Directors  and  Top  Management  

     #6    

We  have  a  license  to  think  big,  dream  big    and  take  calculated  strategic  risks    

   

Page 45: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Transformational capacity

Legacy core business

Page 46: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Your turn;

Designing a transformation

Page 47: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 48: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 49: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 50: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Thanks for joining

Leave your

e-mail, and we’ll send you

slides and tools

Page 51: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Christian Rangen Partner

Co-Founder

Elisabeth Øvstebø Managing Partner

Co-Founder

Inger Hanne Vikshåland Consultant

Head of Marketing & Events

Page 52: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Strategy & innovation cunsulting company

Contact www.engage-innovate.com

[email protected] Twitter: @engageinnovate

Visit us at Innovation Dock

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Page 54: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 55: Front End of Innovation Worlshop: Strategy tools - in action. Basic version
Page 56: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

www.innovationdock.no

Page 57: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Connect with us on social media

Facebook.com/engageinnovate  

@engageinnovate  //  @vikshaaland    

Vikshaaland    

@engageinnovate  //  @ingerhanne    

#STFTNG #FEIEMEA

Page 58: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

World’s greatest

Books…

Norwegian online

bookstore

Books

Amazing

service

CD

‘’19 types’

Market

Place

CLoud

Kindle

Apps

Strea ming

Buy autho

rs

World’s

2nd largest

Fresh

Page 59: Front End of Innovation Worlshop: Strategy tools - in action. Basic version

Connect with us on social media

Facebook.com/engageinnovate  

@engageinnovate  //  @vikshaaland    

Vikshaaland    

@engageinnovate  //  @ingerhanne    

#STFTNG #FEIEMEA