Meetup: InnovationHQ January 30, 2014: Crowd Innovation - Why It Matters and How it Works

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CROWD INNOVATION Why it matters Who’s doing this How it works #InnovationHQ Milind Pansare @milindpansare vp product marketing at Mindjet InnovationHQ Meetup January 30, 2014

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WHY IT MATTERS

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Lifespan on S&P500 is 60% shorter today than in 2000.

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3 out of 4 companies on the S&P 500 will be gone in the next 15 years

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75% of executives are concerned with not having enough ideas - Corporate Executive Board

3 ①  Grow Revenue ②  Innovate for Competitive

Differentiation ③  Reduce Costs through

efficiencies - MIT Sloan/Deloitte Study

TOP BUSINESS ISSUES

of CEOs say that Innovation is a priority

- pwc

61% don’t have well defined Innovation strategies

- Accenture

66%

success rate of “Provide and Pray” approach

- Gartner

10% of employees never use their enterprise social network

- Forrester Research

77%

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WHO’S DOING THIS

Mindjet and Spigit Confidential

“We were clear on our initial thoughts of what our legacy from 2012 should be; we wanted to have a meaningful impact attaching Cisco to the UK in a big way, making the focus on innovation, skills and learning.” - Tom Kneen, Head of Business Development, Cisco UK

British Innovation Gateway Awards: Partnership with London Olympic Games to promote innovation. Announced by Cisco’s CEO, John Chambers, and Prime Minister, David Cameron.

Five award categories: Internet of Things Big Data Future Cities Mobility Collaboration

Mindjet and Spigit Confidential

Mindjet and Spigit Confidential

Mindjet and Spigit Confidential

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HOW IT WORKS

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TECHNOLOGY

GET IDEAS AT SCALE - FROM YOUR EMPLOYEES, CUSTOMERS AND PARTNERS.

SURFACE THE BEST IDEAS - FOR IMPACTFUL BUSINESS OUTCOMES.

MAKE IT A SCALABLE, PREDICTABLE, AND QUANTIFIABLE BUSINESS PROCESS.

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CREATE A CULTURE OF INNOVATION – SUSTAINED ENGAGEMENT

Anywhere, anytime, any device

Engage at scale, ensure diversity of opinions and aggregation of knowledge

Solve specific organizational challenges on a timeline

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DRIVE BUSINESS OUTCOMES – INNOVATION ENGINE

Define idea stages and automated graduation criteria that are a fit for your organization. Use the crowd to do heavy lifting in initial stages and then use the built-in fusion workflow engine for expert evaluations in later stages

Ensure all ideas are carefully considered and the best ideas are surfaced.

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REPORTING AND ANALYTICS – REPEATABILITY & PREDICTABILITY

Match the workflow to your business process

Measure innovation with the help of business analytics, dashboards and reports

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Delivering Value Across the Enterprise

Strategy Product Innovation

Process Improvement

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Thank You

milind@mindjet.com @milindpansare @mindjet www.mindjet.com