Innovation Strategy for Growth

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Innovation Strategy & Growth
by Firdaus Khan
Assoc. Prof & Trainer at ICBM-SBE

20 December 2012

firdaus@icbm.ac.in

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“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, … we had everything before us, we had nothing before us” 20 December 2012 firdaus@icbm.ac.in 2

SURPRISE!!!
Q: Which is the number one mobile payment country on earth?
A: It’s Kenya! 20% of its entire GDP passes through its service mPesa.

20 December 2012

firdaus@icbm.ac.in

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GUESS WHAT !!!
Q: Per capita, which country has the largest audience/users of youtube? A: Saudi Arabia The largest category of videos watched is educational. The largest demographic is middle aged women

20 December 2012

firdaus@icbm.ac.in

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GOTCHA !!!
Q: Where is the world's largest collection of fresh water?
A: Egypt-Libyan desert. Remarkable solar technology is being invented to more reliably pump it and affordably extend food and fertility of land

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Today’s Race for Profitability is..
• not a 100m dash, • its rather a decathlon – where success comes from all round excellence in multiple sports - sitting out is not an option & - competing effectively entails mastering a number of competencies in a balanced way. 20 December 2012 firdaus@icbm.ac.in 6

Clued In
• Confederation of British Industries, UK, 2011 Survey finding: - Creativity & Innovation were cited by 37% of businesses as important to organisational competitiveness (4th among 15 factors) - 2012 IBM survey reveals: 2 out of 3 CEOs expect to effect fundamental change in their organisations through Innovation 20 December 2012 firdaus@icbm.ac.in 7

Innovation In India
MIT's Technology Review 2011 Awards

• Ajit Narayananand (Innovator of the Year) ‘Avaz’ tool for speech impaired • Alefia Merchant (Humanitarian of the Year) low-cost, readily-available digital camera technology to photograph a child's eye for signs of vision-threatening disease • Gautam Kumar (Social Innovator of the year) system to detect LPG leakage & warn concerned people over cell phones 20 December 2012 firdaus@icbm.ac.in 8

iWeb Technology Solutions
• Akshay Shah has created a business process management generator which can create applications on the fly.

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Innoz Technologies Haryana
• Deepak Ravindran created a mobile based search engine to deliver information on any topic. • His mobile based service, SMSGyan, promises information on almost any topic to the user without asking him to click on any link.

20 December 2012

firdaus@icbm.ac.in

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HCL Technologies

20 December 2012

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Google’s 70-20-10 Rule
• 70% Core efforts, 20% Adjacent areas and expansion, and 10%, anything goes. • “As we have expanded our breadth of offerings, it's actually harder and harder to find the 10% out there. But I think that's important -- to let people be really creative and think outside the box." -CEO Larry Page 20-Dec-12 firdaus@icbm.ac.in 12

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Creativity is …
• … the generation of new ideas leading to - new ways of looking at existing problems - seeing new opportunities -exploiting emerging technologies -exploiting changes in markets

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firdaus@icbm.ac.in

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Innovation is …
• …the successful exploitation of new ideas resulting in - new products / services - new markets - new processes - new business models

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Breaking the Innovation Myths
Myth1: Innovation in itself is valuable Myth 2: Innovation is the same in every company

Innovation should provide Comp. Adv.

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Four...
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