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2010 All Rights Reserved The DeSaiGroup

11

Innovation Primer in 15

minutesBy: Mr. Jatin DesaiCEO, The DeSai Group

199 oakwood

avenue

west hartfordconnecticut 0!119

p" #!0$2%%$0011


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What can you learn ro! this"

( De)ning innovation what is it*

( +usiness case $ wh, is it critical toinnovate*

(T,pes of innovation where to innovate*

( -hat are .ualities of organi/ationalinnovation*


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#

What is inno$ation"

There are endless de)nitions ,ou can)nd

ere is an eas, one to re'e'er"

%&nno$ation is the pro'ta(le

i!ple!entation o i)eas.*


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+

What is creati$ity $s. inno$ation"

A .uick answer"

( Creati$ityis generating original novel ideas&

( &nno$ationis putting those ideas to work andgetting desired results&

, favorite de)nition is"

( Creati$ityis when ,ou use 'one, to )ndideas&

( &nno$ationis when ,ou use ideas to 'ake'one,&


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-n -!erican erspecti$e:

%&!ple!entin/ ne0 i)eas that create $alue.*

$ 3nnovation 4etwork 5&S&A&

%The intersection o in$ention an) insi/ht, lea)in/to the creation o social an) econo!ic $alue.*

$5&S& 4ational 3nnovation 3nitiative


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What a(out the En/lish3.4.5"

%The )e$elop!ent o ne0 i)eas an)their econo!ic application as ne0

pro)ucts or processes.*

$ 5&6& Dept& Trade and 3ndustr,


7/382010 All Rights Reserved The DeSaiGroup

6

&t7s (oth si)es8re$enue an)pro'ts8

T0o pri!ary /oals or inno$ation are:

17 3ncrease the revenue 8top$line7

an)27 3ncrease the pro)ts 8otto'$line7

Goal is to /enerate net: 9, s, ;,


8/382010 All Rights Reserved The DeSaiGroup

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Why &nno$ate"

Use innovation to:

To dierentiate ,ourself in the 'arketplace To uild custo'er lo,alt,

To identif, savings potential

To identif, new revenue potential

Accelerate e:ploitation of new usiness ideas worth, of pursing

elp uild cli'ate and culture of innovation as per theorgani/ation ;3nnovation ission

innovation primer (in 15 minutes)_1

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