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RENEWING ENTERPRISES DRIVING INNOVATION

Driving Innovation

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This presentation is created for specifically addressing the most important and foundational step in institutionalizing innovation in enterprises.

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Page 1: Driving Innovation

RENEWING ENTERPRISES

DRIVING INNOVATION

Page 2: Driving Innovation

Driving InnovationIs the dialog on Driving Innovation in your enterprise similar to the snippet on the right. Perhaps the answer to the malady is a product?

Or is there hope that Innovation can really succeed in our modern society?

What do you think?

Well, let me proceed with what I think might help make up your mind!

Page 3: Driving Innovation

WHAT DO YOU KNOW ABOUT POTENTIAL ENERGY?WELL, IT IS THE STORED ENERGY READY TO BE USED WHEN NEEDED.WHAT ACTIVITIES IN YOUR ORGANIZATION RESEMBLE GENERATING POTENTIAL ENERGY?

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BUT YOU DO EXPEND A LOT OF KINETIC ENERGY EVERY DAY…DO YOU REALIZE THAT YOU COULD SAVE A LOT OF THAT ENERGY IF YOUR ORGANIZATION FOCUSED A LITTLE BIT MORE ON POTENTIAL ENERGY?

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Does all the work you do improve the quality of your and other people’s life around you?Why do you not feel joy with your work?

Do you get to express the joy of scoring a basket in a basketball game every time you deliver something in business?

Are you allowed to score a three pointer or do you have your own team member dodge the ball down to the ground instead of allowing you to shoot?

Has it ever occurred to you that you would rather play basket ball than work?

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DID YOU KNOW THAT MOST GREAT PLAYERS VISUALIZE ANY ENTIRE GAME IN THEIR HEAD EVEN BEFORE THEY STEP ON TO THE COURT?NOW THAT IS POTENTIAL ENERGY. THE GAME THEY GO AND PLAY ON THE COURT IS KINETIC ENERGY. AND YOU?

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BOTH JOY & ENJOYMENT ARE CRITICAL FOR INNOVATION TO SUCCEED IN SOCIETY, ENTERPRISE OR FAMILY…THIS IS CALLED HUMAN CAPITAL MANAGEMENT. WHAT DOES YOUR ENTERPRISE DO ABOUT IT?

Joy is an individual’s soul expression…Enjoy is a collective group’s soul expression for a common purpose with individually distinctive outcomes…

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Preparation is KeyFor Innovation to succeed, preparation is Key.

This preparation has got very little to do with the physical. It is more the meta physical or what is in the mind.

Now, can you point out what part of your body is the mind …don’t tell me it is your brain or your heart.

Mind is the confluence of Thought & Action. In an enterprise, it is the Thought & Action of several people; sometimes thousands of them that needs preparation for Innovation to succeed.

You may be a great cook with a great recipe but you cannot produce a great meal if you don’t have the right ingredients, right?

A great idea is just the trigger to innovation. Actual innovation is when the offering you have conjured is consumed. In a global organization, it takes thousands of people to commercialize an idea successfully.

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THE ENTERPRISE DESIGN RELATIONSHIP: FIRST DESIGN THE ENTERPRISE FOR RELEVANCE, THEN EVERYTHING FOLLOWS. THE MISSION OF AN ENTERPRISE MUST BE RELEVANT TO THE ENVIRONMENT IN WHICH IT OPERATES.

Values• Culture• Leadership

Vision

• Goals & Objectives

• Management & Processes

Performance

• Critical Success Factors

• Key Performance Indicators

MISSIONFundamental Economic

Purpose for the Enterprise

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• Does it know how and does it renew the relevance of the enterprise?

• Does it see the connection between Mission, Values, Vision and Performance of the enterprise?

• Does it think Innovation is a buzzword or a necessity to be relevant to the economic environment of the modern world?

• Does it use more words like Agile, Processes and resources like IT and Money without understanding the significance of what they can be made to work for the enterprise?

• Does the enterprise understand the true meaning and value of Human Capital Management?

HOW DOES YOUR ENTERPRISE THINK?

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ENERGIZING INNOVATION IS FIRST & FOREMOST RENEWING THE RELEVANCE OF YOUR ENTERPRISE AND THEN PREPARING FOR SUCCESSFUL COMMERCIALIZATION OF GREAT IDEAS / CONCEPTS IN UNISON WITH THE ENTERPRISE ECOSYSTEM

Sensing Responding