innovation by laurent federspiel

Innovation

Laurent Federspiel, Chairman SAP User Group Luxembourg

October 11, 2011

What is innovation?

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Why should we innovate?

« Innovation delivers economic,

social and environmental benefits

to society »

- Australian Innovation System Report 2011

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Why should we innovate?

« Innovation tends to become the

key driver of prosperity and

growth as countries reach higher

levels of income. »

- DG Enterprise and Industry Report European Commission 2007

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Types of innovation

Process

Product

VS

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Types of innovation

Market need Development Manufacturing Sales

R&D Design and engineering

Manufacturing Marketing Sales

Pull

VS

Push

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Types of innovation

Radical

Incremental

VS

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What about innovation in Luxembourg?

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Public initiatives

Public initiatives

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Trends in innovation

From

to

Innovation

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Trends in innovation

From

to

Innovation

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« Not all the smart people work for us »

- Henry W. Chesbrough 2003

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Open innovation

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Exchange 2 innovate: share to improve

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Global Competitiveness Report 2011 - 2012

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Stages of Development

Factor driven

Efficiency driven

Innovation driven

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Global Competitiveness Index Rankings

-10

0

10

20

30

40

50

2010

2011

Variance

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Global Competitiveness Index Rankings

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Global Competitiveness Index Rankings - Innovation

0

10

20

30

40

50

60

70

80

90

Co

un

try r

an

kin

gs

Luxembourg

France

Belgium

Germany

Nederland

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Formula of Innovation

Innovation Creativity Action

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Key features of Innovative organisations

Flatter in structure

Make use of multi-disciplinary teams

Faster and more flexible in responsiveness to business needs and change

Constantly looking for incremental improvement

Actively developing partnerships with customers, suppliers and competitors

Advocates of parallel product development (« concurrent engineering »)

Failure-tolerant (avoid blame culture)

Keen to promote systems and incentives

Advocates of R&D Investments

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Management practices of innovative organizations

Recruit best talent

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Management practices of innovative organizations

Common purpose

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Management practices of innovative organizations

Responsible management

and incentives

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Management practices of innovative organizations

Empowered

multidisciplinary

teamworking

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Management practices of innovative organizations

Status reduction

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Management practices of innovative organizations

Emphasize learning

and training

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Management practices of innovative organizations

Knowledge networking

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Management practices of innovative organizations

Structure and technology

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Management practices of innovative organizations

Partnerships

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3 components of creativity

- Theresa Amabile 1998

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Luxembourg SAP User Group

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An engaging team

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Members

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Luxembourg SAP User Group

Thank You!

Contact information:

Laurent Federspiel

Chairman SAP User Group