No fast, simple method to great innovation. Innovation is a discipline or competency which must be developed. There is no instant innovation, no just add water innovation that will create real value

1. Islem Yezza
Innovation
Think Big, Act Small, Fail
Fast and Learn Rapidly

2. “Innovation is often given complex definitions. We
prefer the simple one: ‘new ideas that work”
Geoff Mulgan

3. INNOVATION: Five Definitions
The implementation of new processes, products,
1 organizational changes or marketing changes
An environment/culture that embraces positive change,
2 creativity and continuous improvement
Research and development, new intellectual property (IP),
3 and inventions
4 Staying ahead in the market and being a market leader
Solutions that benefit society and societal outcomes
5 (including environmental outcomes)

4. Creativity
Creativity Does Not Equal
Innovation: While creativity
is about coming up with the
big idea, innovation is about
executing the idea and
making it a business
success.
Do not confuse the two

5. Successful innovation happens in 4 distinct
areas
Product innovation: introduce new products and services
ahead of competitors, to anticipate consumer needs
Process innovation: reduce cost, improve efficiency and increase
convenience
Market innovation: The capacity of a firm to decide to change
its market, whether it’s geographically, virtually or creatively.
Organizational innovation: convert creativity, market &
customer knowledge & technology into marketable innovations.

6. Building Blocks - Five Core Values
1 Curiosity and a natural ability to question the status quo
2 Risk-taking and a willingness to learn from failure
Openness. Organizations with strong silos tend to be less
3 innovative
Patience, tenacity and the sense of giving an idea a chance
4 to grow
5 Trust, underpinning the other values

8. FAIL
OFTEN
FAIL
FAST
FAIL
CHEAP

9. Innovative Leaders
1 Associating -- the ability to make connections across
Questioning -- the ability to ask "what if," "why" and "why
2 not"
The ability to closely observe details, especially people's
3 behavior
Experimenting -- the willingness to try new experiences and
4 ideas
Social networking beyond your profession -- a curiosity and
5 ability to learn from multiple social networks

10. Competency: Innovation is a skill, not a gift. It can be learned
by anyone and applied systematic
Competitive weapon: Innovative companies use innovation
to differentiate themselves
Process: innovation as an ongoing “stream of effort” along
with quality, leadership, productivity, and other imperatives
Systematic and opportunistic: The most innovative companies
flex between different styles of creating opportunity

11. Great way to accelerate your research and product development efforts

12. “You cannot do everything by
yourself”: The culture went from one
of “everything being done by us” to
“letting ourselves be helped by others

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14. No fast, simple method to great
innovation. Innovation is a discipline or
competency which must be developed. There
is no instant innovation, no just add water
innovation that will create real value