#EOAConference

Welcome to

Employee Ownership Association

Annual Conference 2018

Where employee ownership meets

#EOAConference

Welcome to hard wiring innovation into

your business plan

Facilitated by Deb Oxley, Employee Ownership Association

Presented by Alan Somerfield, Gripple

Hardwiring Innovation into your Business

Gripple – an introduction or update

4

£60m 700 Unique wire

joiners and

tensioners

100% Trustee

members of

UK Employee

Ownership

AssociationSales Employees

WorldwideEmployee

owned since

1994

Part of the

GLIDE group

of companies

1%Pre-tax profit

to charity

87%

HQ in

Sheffield, UK

Export

Chicago, USA

Toronto, CAN

Strasbourg, FRE

New Delhi, IND

Warsaw, POL

KOBE, JP

25%Sales from

products less than

5 years old

Paper Clip

5

Paper Clip Catapult

6

20:20 Presentation

7

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• First Half

• Innovation: What is it?

• More than just products

• Employee engagement

• Creating Opportunities

• Who to involve?

• Failure

• Innovation Activity Part 1

• Second half

• Business Innovation Trends

• Building an Innovation Ecosystem

• Leadership

• Innovation & Employee Ownership

• Barriers

• Innovation Activity Part 2

• Quick Recap

• Q&A

Innovation – What is it?

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• Not an just an idea or invention

• Not change for sake of change

• Not a something achieved in isolation

Innovation is…..

Change that improves the quality of peoples lives……

……..that customers are willing to pay for.

Innovation – Not Just Products.

9

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• CEO’s getting more radical in their hunt for innovation

• Products still top the list but business model and customer experience are not far behind

• Technology is giving greater insights than ever before into what customers are thinking

• Gripple example: Offsite construction

The biggest challenge

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

A recent survey suggests that;

‘30% of employees are not fully engaged with their job.’

Innovation Ingredients: Creating Opportunities

11

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• Give your employees the space and freedom to develop

• Playing in the sandpit

• Happy accidents

• Give the ideas a home

• Time to get lost in the fog.

• Speed

• Encourage innovation in unlikely places –product, process and business

Innovation: Too many cooks?

12

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• Innovation Culture is not just for R&D but the whole business

• All employees should be expected to devote some time to it

‘Cookery by the many’ not ‘Alchemy by the few’

What’s cooking at Gripple?

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• Over 500 face to face customer encounters every day

• Brainstorm invites

• Every suggestion gets a meaningful response.

• Gripple Civils

Innovation Ingredient: ?

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

Innovation Ingredient: Freedom to Fail

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

Blame free culture

Get stuff into customers hands

Design, build, test repeat

Provide the tools

3000 prototypes a year

Half Time

16

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

Innovation Activity Part 1

17

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

Each table;

• Quick round table introductions

• Go round the table four times each taking it in turns to write one of the following on a post-it, tell the table what it is and stick it in the middle of the table

1. A business skill that you have

2. A product or service that interests you

3. Something you are passionate about

4. A hobby or spare time interest

Second Half

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

Second half

Business Innovation Trends

Building an Innovation Ecosystem

Leadership

Innovation & Employee Ownership

Barriers

Innovation Activity Part 2

Quick Recap

Q&A

Innovation trends in business

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

10 years ago businesses were more concerned with operational effectiveness than innovation.

Now they see it is equally important

Build an Innovation Ecosystem

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

The pulse of innovation is often at odds with the heartbeat of an organization.

Vision

• Focus on why it matters

• Principles Trump Tactics

• Avoid frameworks –find out what works for you

Build an Innovation Ecosystem

21

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

Management

• Top down (or bottom up) support

• Thaw out the middle management permafrost

The pulse of innovation is often at odds with the heartbeat of an organization.

Build an Innovation Ecosystem

22

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

Getting it done.

• Pick your battles –step by step

• Fail fast and win early

• Build bridges

The pulse of innovation is often at odds with the heartbeat of an organization.

Innovation Ingredient: Leadership

23

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• Always embrace the opportunity• Nurture ambition

• Assault assumptions• Barnacles

• Understand your customer’s pain points• Open the doors, lower barriers

• Be proactive about getting ahead of the curve.• Have a strong vision

• Get buy in• Focus on the benefits

• Share success and failure

• Employees need to feel part of the bigger picture

Benefits of Employee Ownership

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• Co-owners tend to be more entrepreneurial and committed to success

• High employment standards attract and retain better talent

• Openness means employees have a strong commitment to corporate social responsibility

• More innovative as managers go out of their way to consult and share information about the company

What are the barriers?

25

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

Full Time Activity

26

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

10 minute Full Time Activity

27

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

Innovate a start up

1. Gather up all your post its and swap them with another table

2. Spread out the post notes you are given and brainstorm an idea for a business start up based on the skills, interests and passions that you have in front of you.

3. Appoint a spokesperson

4. 30 second elevator pitch

30 second Pitches

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

The business we are starting for our neighbouring table is…………………….

Quick Recap

29

• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• First Half

• Innovation: What is it?

• More than just products

• Employee engagement

• Creating Opportunities

• Who to involve?

• Failure

• Second half

• Business Innovation Trends

• Building an Innovation Ecosystem

• Leadership

• Innovation & Employee Ownership

• Barriers

Things to think about

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• Ideas and Innovation – What’s the difference? Where’s it come from?

• A home for ideas and creativity.

• The right inhabitants

• Building stuff

• Engineering skills

• Intellectual Property

• Do your innovation methods reflect your vision and appetite for innovation?

• Do the employees truly understand the vision and appetite for innovation?

• Do your employees see innovation as part of their daily job?

• Is your organisation nimble enough to act and deliver on the new innovations that come up?

Any questions?

#EOAConference

Thank you. Please make your way to the

Exhibition Hall for Lunch & Networking