Talk on Innovation Day at Schneider Electric R&D Center, Bangalore.

1. INNOVATIONISM@SCHNEIDER
CHIRANTAN CHATTERJEE, IIM BANGALORE
DECEMBER 8, 2016
All figures are from the internet unless otherwise mentioned. Copyrighted to Chirantan Chatterjee

2. Its all about Innovationism
• “Without tradition, art is a flock of sheep without a shepherd.
Without innovation, it is a corpse.”
• Winston Churchill
• Is there a trade-off between tradition and innovation?
• Is it worth having a shepherd for your Innovationism?

3. What is Innovation?
• Joseph Schumpeter, the Austrian economist defined innovation:
• It could be the introduction of new goods
• Of an improved or better method of production
• Opening of a new market
• Conquest of a new source of supply of raw materials
• Better organization of any industry

4. What is Innovation?
• Joseph Schumpeter, the Austrian economist defined innovation:
• It could be the introduction of new goods
• PRODUCT INNOVATION (THE ROLE OF BASIC RESEARCH & INDUSTRIAL RESEARCH)
• Of an improved or better method of production
• INCREMENTAL INNOVATION
• Opening of a new market
• THE ENTREPRENEURIAL UNCOVERING OF UNMET NEED (DISRUPTION)
• Conquest of a new source of supply of raw materials
• VERTICAL INTEGRATION
• Better organization of any industry
• BUSINESS MODEL INNOVATION

5. Who will do Innovation?
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS

6. Who will do Innovation?
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS

7. Who will do Innovation?
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS

8. Who will do Innovation?
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS
Innovation Policy &
the Economy or IPE

9. Linear Model of Innovation
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS

10. Firm Size and Innovation
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS

11. Pasteur’s Quadrant
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS

12. Democratizing Innovation
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS

13. Location & Polycentric Innovation
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
DEVELOPED MARKETS EMERGING MARKETS

14. Innovationism for Organizations
• Innovation Audit
• Appropriating rents from innovation
• Incentivizing innovation
• Metrics for innovation
• 2-sided platforms for innovation
• Chief Innovation Officer?

15. Innovationism for Organizations
• Innovation Audit (Pre-mortem and post-mortem)
• Appropriating rents from innovation (Technology & commercialization)
• Incentivizing innovation (Structural incentives versus prizes)
• Metrics for innovation (input and output)
• 2-sided platforms for innovation (Seekers and Solvers)
• Chief Innovation Officer? (Hydra-Headed)

16. Economic History of Innovationism
https://www.youtube.com/watch?v=RRWKzVlbXEY

17. Responsible Innovationism

18. Wrapping Up
INNOVATIONISM
INNOVATION
POLICY &
ECONOMY
WHO WILL
INNOVATE?
RESPONSIBLE
INNOVATIONISM
HISTORY OF
INNOVATION
INNOVATIONISM
FOR
ORGANIZATIONS
WHAT IS
INNOVATION
- LINEAR MODEL
- SIZE & INNOVATION
- PASTEUR’S QUADRANT
- DEMOCRATIZING INNOVATION
- LOCATION OF INNOVATION

19. Thank You
Email: chirantan@gmail.com
Scholar.Google: https://scholar.google.co.in/citations?user=8NcyqgYAAAAJ&hl=en&oi=ao
SSRN: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=830407