Abhijit battacharya innovation ecosystem abhijit bhattacharya

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<ul><li> 1. Human Capital and theInnovation Ecosystem Dr. Abhijit Bhattacharya Director, Centre for Entrepreneurship &amp; Innovation Arthur Lok Jack Graduate School of Business</li></ul> <p> 2. Cracking the code of innovation High rate of knowledge obsolescenceis creating messes all around A mess is a set of highly dynamicproblems that are deeplyinterconnected Management of mess requiresinnovative solutions based on systemsthinking 3. Managing the Mess in Education Deliverables of educational institutions in aknowledge economy Time to test new innovative models such as, Fixed performance variable duration model, Student-centric learning models Business schools need to help students todebate and test the underlying assumptionsof the theory they are learning about Only the ability to think critically can makeyoung managers succeed in managingbusinesses in a disruptive world 4. Enabling Factors for the Innovation EcosystemEnabling Factors for the Innovation Ecosystem Technical Factors Big data or Social Factors Provide Provideinnovativestreaming analytics innovativesolutions solutions Organizations ownIdeation Processes to to DatabasePeoples &amp; Skills customers customers managementLeadership &amp; problems problemsIntegration of internal Organization and externalCulture &amp; Values information networksfor optimizingdecisions 5. Managing the Ideation Process Make innovation everyones job Balance between conformity and creativity New metrics and reward criteria Measuring Learning Return on Innovation 6. Developing People and Skills Maximize creative potential of theorganization by balancing: Divergent &amp; Convergent thinking, Experience &amp; Imagination, Insider &amp; Outsider Use all possible mechanisms: time allowance, innovation training and tools,open market for ideas, easy access to seedfunding, create structures for mentoring andsupport 7. Leadership and Organization Great opportunities to demonstrate anddevelop leadership Leadership/CEO to facilitate TotalInnovation Revolution Leadership has to master the art ofmanaging creative deviation Need for Innovation in organizationalstructures (Morning Star, Kyocera,Zappos) 8. Culture and Values Encouraging a culture of challengingorthodoxies Make Transparency synonymous to theorganizational identity Recruitment and reward structure basedon creative idea generation andentrepreneurship Challenges for the Human Resources tofree the system from the highest-paid-persons-opinion (HIPPO) syndrome 9. Thank You !</p>