highlights from fei @meetup março 2014
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Highlightsfrom Front End Innovation @Munich, Feb. 2014
Theory & practice
The top 20% of innovators grew 1.5x the rate of the average global company over the last 3 years...
...and expect to grow at twice the rate over the next 5 years.
blinders & orthodoxies
harness trends
leverage resources
but the holy grail is understanding customers needs
(in Four Lenses of Innovation)
!
Open Innovation Ecosystems are feasible, desirable and profitable. !
Frugal Innovation (aka Jugaad Innovation)
R&D spending no correlation
are you considering frugal?
Dacia became Renault’s Cashcow
MIT engineer training
62% population
never underestimate the unleashing powers of constraints
organizational drift
ikeafication
horizontal Vs vertical growth!
"without deviation from the norm, progress is not possible"
experimentation
failure recycling
patience and
perseverance
economics of attention"information overload generates the best and the worst of times” (quoting Charles Dickens)
2.5M$
5%
not every smart guy is on your company
innovation attacks the immune system
what if Picasso followed Classic Art Processes?
So, how should you innovate to grow?
In our Global Innovation Survey, we found that leading innovators are
• Managing innovation formally, like any other business process
Trends
UX & Design Thinking
Emergent Markets
Top Insights
sunsetting industriespaper book publishingcars driven by humanswired communications 1.0administration with printed paperbanks with physical branchesown IT centresgood old school and university
Ux & Design Thinking & ODI/JTBD
Open Innovation (ecosystems)
Gen Y
Full focused team on innovation development (CIO)
austerity and innovation
Import-export ideas to seed innovation
enabling software crowdsourcing
startups | Universities | R&D Institutes (Patents)
corporate venturing
• we need success stories
serendipity
Chief Knowledge Officer Designing and installing techniques and processes to create, protect, and use
known knowledge. Designing and creating environments and activities to discover and release
knowledge that is not known. Articulating the purpose and nature of managing knowledge as a resource
and embodying it in other initiatives and programs.
It's good to remember not only the role of adversity in solving problems but also to remember that we can get the solution so often with scarce resources.
/carlosalexandremendes /alexandresampaiomendes@senhoralfaiate
Alexandre Mendescall me: + 351 93 617 10 33 email me: [email protected]