Stimulating Growth through Managed Innovation and Change
Jan 12, 2016
Stimulating Growth through Managed Innovation and Change
Innovation
“the process of making changes in something established by introducing something new”
Products
Processes
Services
Expenditure
Goals
Problem
• Between 50-70% of all Innovation fails to impact on organisational goals *
• Implications …– Wasted resources – time, people and money– Loss of morale– Higher resistance
*Various. See: Paul Strebel in Harvard Business Review on Change 139-157 (Harvard Business Review, Boston, 1999)
Primary Causes
• Poor definition of goals • Poor alignment of actions to goals• Poor participation by employees in teams• Poor monitoring of results• Poor communication and community
iTeams• Solutions for managing:
GOALS, ACTIONS, TEAMS and RESULTS and COMMUNITY
• Combining Management Techniques of
– Strategic & Hoshin Planning– Performance Measurement– Action & Project Management
Innovation Funnel
ACTIONSACTIONSRESULTSRESULTS
GOALSGOALS
TEAMS COMMUNITY
iTeams Modules
…and more to fit precise user requirements
Session Programme
• Demo of innovation for Entrepreneurship
• Demo of innovation in Large Enterprise
• Demo of innovation for SMEs
• Innovation Workshop– ‘hands-on’ practice of core innovation
principles
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New venture failures
• An estimate of only 20% of new ventures will survive after five years*.
• Reasons– Poor business planning– Poor role of the venture capitalist– Poor business opportunity recognition– Poor marketing– Poor role of management*Various. See: Harvard Business Review Entrepreneurship;Businessweek.
New Ventures
Planning
Marketing
Teams & Leadership
Opportunity Recognition
Innovation for Support Agencies
– Demo of Entrepreneurship– By David Mulligan
– LocalPlanner to support start ups
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Innovation for Large Enterprises
Demo of FrameworkX at Hewlett Packard
By Phil Evans
http://www.cim.nuigalway.ie/iTeams
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Innovation for SMEs
Demo of InnovationChannel
By Barry O’Sullivan
http://www.innovationchannel.net
Slides
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Innovation Workshop
• Complete the following three tasks,
• Individually or working as a team,
• Own organisation or for yourself!
Step 1. Define your Goals
Identify and populate your most important Goals. Goals are defined as the objectives of your effort also known as strategies or visions (e.g. Grow Market Share).
Step 2. Define your Actions
Identify and populate your most important Actions. Actions are defined as expenditure of your effort and are also known as projects or tasks (e.g. Promote website).
Step 3. Link Goals with Actions
You can indicate the strength of the relationship between each Action and Goal. An empty box indicates no relationship; a half full box indicates a partial relationship; and a full box indicates a strong relationship (i.e. completing the Action will have a high impact on attaining that particular Goal).
Step 4. Indicate the status of your Goals and Actions
Continuously monitor and report the status of goals and actions. In this case, Red indicates that urgent attention is required, Yellow indicates that more work is needed and Green indicates that the Goal or Action requires no immediate attention
Actions
Goals
Increase Sales Revenue
Reduce Overheads
Grow Market Share
Improve Profitability
IT T
rain
ing
Online
/ Web
sal
es
J.I.T
Sto
ck S
yste
m
Product
ion M
anag
emen
t Sys
tem
Inst
all B
road
band
Web
Bas
ed M
arke
ting In
itiat
ive
Update
Hardwar
e /
Softwar
e
Reduce Stock Levels
Improve Technologies Capabilities
Expand Product Portfolio
Tutorial
Task #1
• Define ‘goals’ for your organisation or for yourself– E.g.
• Increase sales revenue
• Reduce overheads
• Grow Market Share
• Improve Profitability
• Reduce Stock Levels
Task #2
• Define ‘actions’ for your organisation or for your self– E.g.
• Customer/Consumer specific website development
• Inventory Management / Stock Control System
• IT Training
• Online / Web sales (ordering)
• Web based marketing initiative
• Computer Integrated Telephony
• J.I.T. Stock System
Task #3
• Indicate the relationship between your ‘goals’ and your ‘actions’– Use ‘check mark’ or circles
• Which ‘goals’ have no ‘actions’
• Which ‘actions’ have no ‘goals’
Task #4
• Indicate the ‘status’ of your ‘goals’ and your ‘actions’– E.g. use a ‘smiley face’ or ‘sad face’
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