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Creativity + InnovationKevin Popović, B.A., M.S.
© Kevin Popović, SDSU Creativity + Innovation
CourseKey
© Kevin Popović, SDSU Creativity + Innovation
Please check-in: x94zcv
Session 1.11
• Welcome• Roll, Admin• Game • Reading
© Kevin Popović, SDSU Creativity + Innovation
• Review Projects• Guest Speaker• Assignment
© Kevin Popović, SDSU Creativity + Innovation
The Business of Medical MarijuanaPatrick M. Rost, Founder & CEO, Capital Investors
© Kevin Popović, SDSU Creativity + Innovation
Make A Better: ReadingA Game of Collaboration and Innovation
Harvard Business Review
© Kevin Popović, SDSU Creativity + Innovation
Innovation: The Classic Traps
Innovation: The Classic Traps
• Innovation goes in or out of fashion as a strategic driver of corporate growth, but with every wave of enthusiasm, executives make the same mistakes.
• Most of the time, they stumble in their R&D efforts because they are engaged in a difficult balancing act
© Kevin Popović, SDSU Creativity + Innovation
Innovation: The Classic Traps
• They need to protect existing revenue streams while coaxing along new ones.
• But “corporate entrepreneurship” doesn’t have to be an oxymoron.
• Innovation can flourish if executives heed business lessons from the past.
© Kevin Popović, SDSU Creativity + Innovation
Strategy Lessons
• Not every innovation idea has to be a blockbuster. Sufficient numbers of small or incremental innovations can lead to big profits.
• Don’t just focus on new product development: Transformative ideas can come from any function—for instance, marketing, production, finance, or distribution.
© Kevin Popović, SDSU Creativity + Innovation
Strategy Lessons
• Successful innovators use an “innovation pyramid,” with several big bets at the top that get most of the investment; a portfolio of promising midrange ideas in test stage; and a broad base of early stage ideas or incremental innovations. Ideas and influence can flow up or down the pyramid.
© Kevin Popović, SDSU Creativity + Innovation
Process Lessons
• Tight controls strangle innovation. The planning, budgeting, and reviews applied to existing businesses will squeeze the life out of an innovation effort.
© Kevin Popović, SDSU Creativity + Innovation
Process Lessons
• Companies should expect deviations from plan: If employees are rewarded simply for doing what they committed to do, rather than acting as circumstances would suggest, their employers will stifle and drive out innovation.
© Kevin Popović, SDSU Creativity + Innovation
Structure Lessons
• While loosening formal controls, companies should tighten interpersonal connections between innovation efforts and the rest of the business.
• Game-changing innovations often cut across established channels or combine elements of existing capacity in new ways.
© Kevin Popović, SDSU Creativity + Innovation
Structure Lessons
• If companies create two classes of corporate citizens—supplying the innovators with more perks, privileges, and prestige—those in the existing business will make every effort to crush the innovation.
© Kevin Popović, SDSU Creativity + Innovation
Skills Lessons
• Even the most technical of innovations requires strong leaders with great relationship and communication skills.
• Members of successful innovation teams stick together through the development of an idea, even if the company’s approach to career timing requires faster job rotation.
© Kevin Popović, SDSU Creativity + Innovation
Skills Lessons
• Because innovations need connectors—people who know how to find partners in the mainstream business or outside world—they flourish in cultures that encourage collaboration.
© Kevin Popović, SDSU Creativity + Innovation
Individual Project + MemoCreativity & Innovation
© Kevin Popović, SDSU Creativity + Innovation
Individual Project + Memo
• Develop a creative product or service• Be novel, useful, have market potential• Write 1-page memo mapping ideas to what you have
learned in class that will insure effectiveness of your idea• Select a creativity exercise or technique, apply to your
idea, document.• Apply what you have learned (50%)• 1:00 presentation of concept, explain thinking, sell your
idea (50%).
© Kevin Popović, SDSU Creativity + Innovation
Design Thinking Group ProjectCreativity & Innovation
© Kevin Popović, SDSU Creativity + Innovation
Design Thinking Group Project
• Groups of 5• Apply a design thinking approach to develop a new
product or service• 3:00 Creative presentation• Include project overview (memo)• Grades = group presentation (50%, memo (30%),
individual evaluation (20%)• Survivor rules apply
© Kevin Popović, SDSU Creativity + Innovation