Contenu connexe Plus de Stefan Stremersch (20) From Innovation to Incubation. Business Success Through Grassroots Innovation1. From Innovation to Incubation
Business Success Through Grassroots Innovation
Prof.dr. Stefan Stremersch
Erasmus University Rotterdam IESE Business School
Rotterdam, the Netherlands Barcelona, Spain
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© Property of Stefan Stremersch ©
2. How to Deal with Constant Change?
“The rules have changed. In a single generation,
revolutions in technology have transformed the
way we live, work and do business. (…) We need
to out-innovate, out-educate, and out-build the
rest of the world.”
Jon Favreau
White House Director of Speechwriting
This quote is from Obama’s State of the Union Address
(January 2011)
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3. Building a Culture of Innovation
The greatest challenge to deliver business results is
creating a climate for innovation within the
organization
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4. How to Deal with Constant Change?
“Innovation distinguishes
between a leader and a follower”
Steve Jobs
“The real source of wealth and capital
in this new era is not material things…
it is the human mind, the human spirit,
the human imagination, and our faith
in the future” Steve Forbes
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5. You Need Three Things to Initiate
Innovation
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7. Find a great solution for such
customer needs.
1 2 3
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8. Define a strategy to make profit$
from your great $olution.
1 2 3
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9. But How to Unleash Such Creativity
and Out-Innovate Competition?
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10. Strategy 1: The Visionary Leader
1. Strong and visionary
leadership
2. Ferocious planning:
defining all details on
execution
3. Capacity to sense
customer needs
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11. Risks of Visionary Leader Strategy
Lack of sustainability of the “Visionary Leader” model?
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12. Strategy 2: The Lab Elite
Accomplishments Bell Labs: Transistor, silicon
solar cell, first communication satellites, first
cellular telephone systems …
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13. Risks of Lab Elite Strategy:
The Rise and Fall of Corporate Labs
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14. Risks of Lab Elite Strategy:
Intolerance for Contrarian Spirits
Management reaction: “That’s
cute but doesn’t use films, so
don’t tell anyone about it.”
(frog in the kettle)
X
Steve Sasson was the
first to propose a
digital camera
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15. Innovation is not the job of the happy
few, but the responsibility of MANY
The Lab Elite
The Visionary Leader
Grassroots Innovation – emerges from the grassroots. It’s the
most natural source of change.
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17. The Journey of the HMS Beagle
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© Property of Stefan Institute © stefan.stremersch@mti2.eu
18. Charles Darwin (1809-1882)
In the Galapagos islands Darwin found
that genetic variation allowed species
to adapt to local conditions and
improve survival.
Different species of finches in the
Galapagos, developed beaks adapted
to the particular type of food they
needed to eat.
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19. Think of Your Business as a Finch!
Experiment and Adapt!
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20. Principles
Experiment Incubate Learn
(Innovation) (Survival) (Adaptation)
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21. Grassroots Innovation and
Experimentation
Principle 1: Embrace grassroots experiments as an organic
source of innovation.
Experiment Incubate Learn
(Innovation) (Survival) (Adaptation)
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22. Survival and Incubation
Principle 1: Embrace grassroots experiments as an organic
source of innovation.
Principle 2: Incubation allows you to experiment on a scale
where failure is survivable.
Experiment Incubate Learn
(Innovation) (Survival) (Adaptation)
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23. Learn, Adapt and Transform
Principle 1: Embrace grassroots experiments as an organic
source of innovation.
Principle 2: Incubation allows you to experiment on a scale
where failure is survivable.
Principle 3: Gather market feedback, learn and use such
insights to adapt and transform your organization.
Experiment Incubate Learn
(Innovation) (Survival) (Adaptation)
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24. Adapt and Transform: Three Key
Benefits of Grassroots Innovation
Organic
Innovation
People Changing
Development Mindset
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27. Adapt and Transform:
Changing Mindset
Organic
Innovation
People Changing
Development Mindset
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28. Changing Mindset:
Grassroots vs. Top-Down Philosophies
Vision Challenge Support
Top-Down Grassroots
Management Inspires
Management Inspires Management and Engages
Participatory and Challenges Employees Employees, Bringing
Experimentation Values to Innovate and Take out their Energy and
Responsibility Helping Them Grow
Management Supports
Management Employees By
Management Defines a Challenges Employees Allocating the
Clear, Deliberate and to Implement and Resources they Need to
Bold Strategy Execute the Company’s Implement the
Strategy Company’s Strategy
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29. Adapt and Transform:
Developing People
Organic
Innovation
People Changing
Development Mindset
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30. Grassroots Innovation Programs:
Developing Your Employees
Unique Learning and Motivate Staff to
Skill Development Coaching Opportunities Raise Their Own Baby
Your Staff Helps You Define Promote Networking Reward and Support Your
the Future of Your Firm and Relationship Building Most Innovative Employees
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33. THE BEST WAY TO GET STARTED
IS TO STOP TALKING AND BEGIN
DOING!
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34. Grassroots Innovation: A Four-Step
Process of Business Experimentation
1. First, inspire your employees to share their
innovative ideas.
2. Help employees form winning teams
to experiment with their ideas.
3. Identify high-potential teams and build a
business case to support their experiments.
4. Support and launch the most promising ideas.
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36. Prof. Dr. Stefan Stremersch
Why not follow me on Twitter? Follow @StStremersch
Innovation is a journey…
…not a destination.
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