innovation - is the future here
TRANSCRIPT
Innovation – is the future here?
7 June 2016
The Innovation Curves7 Principles of Innovation
3 Types of Innovation
Bruce Wade
Product Life Cycle
Time
Effec
tiven
ess
Introduction
Popularity
Plateau
Decline
Innovation Required
Gartner Hype Cycle
Time
Visib
ility
Technology Trigger
Peak of inflated Expectations
Trough of disillusionment
Slope of enlightenment
Plateau of productivity
Innovation Diffusion
InnovatorsTechies2.5%Try It
Early AdoptersVisionaries
13.5%Get ahead of the heard
Early MajorityPragmatics
34%Stick with the heard
Late MajorityConservatives
34%Hold on
Laggards Sceptics
16%No Way
Technology S curve
Time
Perfo
rman
ce
New innovation
Tech Improvement
Mature Technology
Technology S curve
Time
Perfo
rman
ce
7 Principles of Innovation 1. Quest for continuous learning2. Learn from mistakes3. Scan for opportunities4. Embrace ambiguity 5. Balance different view points6. Express your thoughts7. Recognise ‘systems’ relationships
Types of Innovation• Market Pull
– Problem exists, need solution, innovation, sales• Technology Push
– Technology breakthrough – create a need, sales• Frugal
– How to do more with less, cost saving, environment• Marketing
– Barrier to market, innovation, sales
Quote
“Be innovative, but always learn
from those before you”
