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INNOVATION in practice.
Success factors of
Silicon Valley companies
2
The innovation point is
the pivotal moment when
talented and motivated
people seek the
opportunity to act on their
ideas and dreams.
“
”
W. Arthur Porter
INNOVATION CULTURE
3
INNOVATION
$
Idea GOOD VALUE PAY
..is the process of translating an idea into a product or service thatcreates value and satisfies a specific need for which customers will pay.
4
+202%better performance
in companies with
mission driven employees
+37%higher sales
thanks to
satisfied employees
+31%higher productivity
thanks to
satisfied employees
x3more creativity
displayed by
satisfied employees
+56%market share gained by companies
providing best in class customer
experience (CX)
69%of the surveyed employees state that
innovation processes are more
efficient by applying agile methods
INNOVATION IMPACT
Source: Harvard Business Review (2015); Chatroop, Lisa (2013); DMI (2015); Hasso Plattner Institute & Schmidgen, Jan (2015); Help, Scout (2012)
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Overall establishment of New Work:
Employer attractiveness
correlates with:
Creative Workspaces:
Democratic leadership culture:
Fast decision processes:
0,25
0,24
0,21
0,27 Overall establishment of New Work:
Revenue
correlates with:
Fast decision processes:
Democratic leadership culture:
Creative workspaces:
0,27
0,26
0,22
0,24
Overall establishment of New Work:
Employee fluctuation
correlates with:
Democratic leadership culture:
Fast decision processes:
Home-office:
– 0,25
– 0,22
– 0,23
– 0,24 Overall establishment of New Work:
Democratic leadership culture:
Fast decision processes:
Flexible hours:
0,37
0,36
0,30
0,36
Employee satisfaction
correlates with:
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STRATEGY
LEADERSHIP TEAM
ORGANIZATION PROCESSES
MINDSET &
VALUES
Structural Elements Personnel elements
INNOVATION CULTURE BUILDING BLOCKS
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CREATIVITY ENTREPRENEURIAL LEARNING
8
THINK
STRATEGICALLY &
BEHAVECOURAGEOUSLY
EXPLOIT
CORE BUSINESS &
EXPLORE NEW OPPORTUNITIES
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Target setting, planning and budgeting
Analytical segmenting & combining
Staffing and determination of responsibilities
Performance management
Problem solving after a failure
Support and interest in others
Communication through words and actions
Motivation, inspiration, empathy, role model
Strengthening organizational culture
Building teams and coalition
LEADERSHIP
INSPIRATION
MANAGEMENT
FUNCTIONING
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What do
LEADERS
have to CHANGE?
Different FAILURE CULTURE
Different INCENTIVE SYSTEM for leaders
No COMMAND & CONTROL
Focus on CREATIVITY & EMPOWERMENT
Building up MISSION
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Top 10 Skills
Source: Future of Jobs Report, Word Economic Forum, 2016
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“We are a culture of builders – the
power is in your hands. We’re less
afraid of making mistakes than we
are of losing opportunities by
moving too slowly.”
Source: facebook forbes, business insider
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“We want to understand what
works here rather than what
worked at any other organization.”
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“The stronger the culture, the less
corporate process a company needs.
When the culture is strong, you can
trust everyone to do the right thing.
People can be independent and
autonomous. They can be
entrepreneurial.“
15
“Employees are mature
and fully grown adults.
So we leave decisions to
their responsibility” “Adequate performances get a
generous severance package.
We don’t measure people by how
many hours they work […] We do
care about accomplishing great work“
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“We provide our people with lots
of responsibilities and trust. It’s
okay and safe to fail, but you have
to learn from it. If you make the
same mistake twice, that might be
a potential sign that you’re not
developing yourself enough.”
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AGILE TARGET
MANAGEMENT
FAST
COMMUNICATION
EFFICIENT
LEARNING
OKRs TEAM CHAT eLEARNING
POWER OF TOOLS
18
Connect with us!
The Detecon Innovation Institute is the Think Tank of Detecon
International and is based in the largest start-up and innovation
eco-system of the world; the Silicon Valley.
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