The essentials of innovation…

Philippe Mauchard – March 9th, 2017

Philippe MauchardPartner, McKinsey & Company (2000-2006)Partner, Founder & Global Director McKinsey Solutions (2006-2016)Managing Partner, SmartVentures/The BridgeChief Bridge Officer, B-Hive

Preaching to the converted? The essentials of innovation…

Preaching to the converted? … or… taking one’s own

medicines?

600 2013

0

New titles in English

5,000,000

20101300950 1650

Unprecedented times…

What are the major tech trends impacting business in near to mid-term?

What does it take to get innovation right?(and why should YOU care?)

84% Of global executives believe innovation is extremely important…

6%…but only are satisfied with their innovation performance

What stops companies from innovating?

Ostrich mindset? Getting the

timing right?

Innovator’s dilemma?

Placing the wrong bets?The

execution challenge?

Product Process

3 types of innovation

Business model

NOW

3 sources of innovation

Incremental growth from new channels, categories or segments

E.g.: A new product variant

3 sources of innovation

Innovating off something that works

E.g.: A new product

NEW

3 sources of innovation

Disruptive growth from new business models

Eg: Inventing something new or additive

NEXT

Innovation

Creativity

+ Delivery

===/

Shaped creativity...

CHOOSE

ASPIREPut numbers on it

Place clear bets

Shaped creativity...

CHOOSE

DISCOVER

ASPIREPut numbers on it

Place clear bets

Insights over ideas

EVOLVEOr risk extinction

Shaped creativity...

CHOOSE

DISCOVER

ASPIREPut numbers on it

Place clear bets

Insights over ideas

EVOLVE

ACCELERATE

SCALE

EXTEND

…powerful delivery

Or risk extinction

Make horses. Not camels

Go big. - selectively

Be the partner of choice

Shaped creativity...

CHOOSE

DISCOVER

ASPIREPut numbers on it

Place clear bets

Insights over ideas

MOBILISEGo beyond structures

JUST 1

4-5

7+

NONE

Top ¼ Bottom ¼

Innovation is aboutcreativity AND delivery

You need multiple essentials working together to be successful

Getting the ASPIRATION right is a good place to start

And INSIGHTS can be a true source of distinctiveness

Preaching to the converted? … or… taking one’s own

medicines?

1926 2015

0

Share of new services

Percent

200719801960 1995

Unprecedented times…

EVOLVE

ACCELERATE

SCALE

EXTEND

…powerful delivery

Or risk extinction

Make horses. Not camels

Go big. - selectively

Be the partner of choice

Shaped creativity...

CHOOSE

DISCOVER

ASPIREPut numbers on it

Place clear bets

Insights over ideas

MOBILISEGo beyond structures

+

+

+

+!!

But after all….

…What could make a difference for you as leader?