how enterprises can innovate

How Enterprises Can Innovate

FOSTERING CORPORATE INNOVATION

Oscar Malpica, Envisioning Labs CEO

www.envisioninglabs.com

Cliff Edwards, Innocentive’s Top Solver

http://www.envisioninglabs.com

SpeakersLADIES AND GENTLEMEN, THE…

Innovation and change management professional with multi-industry experience in business strategy, innovation management, R&D, and digital storytelling. Passionate about technology trends and exploratory innovation. Past gigs: Microsoft, Canadian Chamber of Commerce, Norske Skog, UN Volunteers, PLA.

OSCAR MALPICA

exploratory innovation, R&D, digital storytelling

Innovation and technology professional with experience in R&D, invention, research programs and projects. Currently engaged in a variety of startups ranging from kitchen products to advanced wearable devices to CO2 mitigation projects. Past gigs: Freelance 2016 Innocentive top solver, Mckesson Medical Imaging/ALI Technologies.

CLIFF EDWARDS

invention, open innovation, research management



We help organizations create new products or services that add value to their brand through systematic innovation methodologies and the adoption of emerging technologies.

ABOUT ENVISIONING LABS


www.innovationlabs.ca


http://www.innovationlabs.ca

Innovation Basics

Status of Innovation in the Enterprise

Understanding corporate innovation: 3 Horizons

Intrapreneurship Pros/Cons

Corporate Innovation Programs

Strategies for Supporting Corporate Innovation

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Innovation Basics






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InnovationAct of generating more value for the customer

and the business by fulfilling a JOB TO BE DONE better than anyone else“ ”

What is innovation, really?LET’S AGREE ON ONE THING



JTBD is the higher purpose for which customers buy products, services and solutions“”

JTBD

Solution 1

Solution 2

Solution 3

Solution n

Improvement

Need satisfied

Jobs to be DoneFIRST THINGS FIRST



Have light and warmth at home

JTBD

Fire

Candles

Electricity

Improvement

Need satisfied

JTBD:

Stars

Jobs to be DoneFIRST THINGS FIRST



Value Proposition CanvasLET’S BEGIN AT THE END



Innovation Basics






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D

D-

Current StatusINNOVATION IN THE ENTERPRISE (BERD)



Current StatusINNOVATION IN THE ENTERPRISE (BERD)



Innovation Basics






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Three HorizonsUNDERSTANDING INNOVATION IN THE ENTERPRISE



Innovation Basics






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IntrapreneurshipNOT A NEW CONCEPT

The Macintosh team was what is commonly known as intrapreneurship . . . in essence, back to the garage, but in a large company.

“Steve Jobs Newsweek. Sep 30, 1985

”www.envisioninglabs.com


IntrapreneurshipPROS & CONS OF BEING A CORPORATE INNOVATOR

More engaged, committed, accountable employee behaviour

Financial backing for idea exploration and experimentation

Ability to tap in to the collective brainpower of the organization

Ability to deploy/test ideas fast (with existing infrastructure)

Difficult to win the hearts/minds of employees who will contribute to innovation programs

More uncertainty at the beginning, requiring lots of communication

Some managers/employees will feel threatened, uncomfortable with change

Less top-down control

CONSPROS



Innovation Basics






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Example of ProgramsFOR CORPORATE INNOVATION

10% Innovation time-off

Pioneered by 3M and popularized by Google, this practice allows employees a percentage of their time to be allocated to passion projects conducted within their organizations

Innovation exhibitions

A morale and motivation booster, innovation exhibitions allow employees to showcase their work and being peer-reviewed/awarded thus encouraging continuous engagement

Hackathons

Intense sessions of coding/hacking/tinkering in the pursuit of new concepts that could be incubated into new products, services or experiences

Bug-squash days

A hackathon variant with one simple objective: clear out the bug backlog. More commonly implemented in large software organizations, though the practice could be adapted to other industries

Patent programs

Certain organizations sponsor patent applications as a way to strengthening their intellectual property advantage while recognizing employees for their innovations

Academic outreach

Programs that reach out to academic institutions for innovation and research collaborations. Popular programs include NSERC and Mitacs in Canada



Innovation Basics






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Support StrategiesFOR CORPORATE INNOVATION

Innovation Initiatives & Supportive Culture

Research & Development/Innovation Labs

Merger & Acquisition (M&A) Strategies

Corporate programs that support, sponsor and provide leadership to embed innovation in the corporate culture of the organization.

At worst, it can help boost employee morale, and improve internal efficiencies. At best it can help identify technology, product & service ideas to management/executive for consideration in future.

Occasionally, it can introduce something truly new into the company’s offering.

Run a small, independent research lab staffed by people who don’t fit well working in the regular operations and who live to explore new ideas. This group can support the design, development and running of most of the innovation programs/initiatives.

This team can help senior management identify where the company should look to for growth, acquisitions, and where the blindsides are coming from to pummel the company.

Have an active M&A team looking for where the enterprise’s gaps are now and as the market shifts with evolving trends, and purchase innovations needed.

This has become the most common and successful way of introducing truly breakthrough new products and markets into an enterprise which impact the company significantly.

CULTURE LABS GROWTH



Q&A…AND DISCUSSION

Yes?



Thank youHow Enterprises Can Innovate [email protected]


mailto:[email protected]


WANT TO LEARN HOW TO INNOVATE?

innovationlabs.ca

http://innovationlabs.ca

Innovation Training Think outside of the box.

Starting Feb 21

The Program:

Duration 5 day – 15 hour training

4 x Tuesdays 6-9PM 1 x Saturday 12-3PM

LocationCreative Coworkers

innovationlabs.ca


Day 1: Set Your Challenge

Learn the mindset of the innovator and dive deep into examples of innovation in the world.

What do you want to build? Find your why.

innovationlabs.ca


Day 2: The Basics

Innovation Principles and Techniques Types of innovation and 4 ways to solve problems.

Design Thinking Methodology

Outcome Expectations

innovationlabs.ca


Day 3: Discovery

Research and Insights Understand the challenge and gather inspiration

Ideation Techniques Idea generation and refinement

innovationlabs.ca


Day 4: Experimentation

Out-of-the-box doing MVP concept Fast failing, fast learning

Prototyping Techniques Software Hardware

innovationlabs.ca


Day 5: Show Off

Final Prototype and Innovation Showcase

Critique Session and Feedback

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Program Outcomes:Participants will be trained in Design Thinking and Scenario Focused Engineering

Creation of an innovation project in the from of a Proof Of Concept/Prototype for a new Product, Service, or Experience.

Hands-on Collaboration with other team members to develop the projects.

innovationlabs.ca


Promotional Price:

24 hour limited-time promo code: VIP

Regular: $449

Promo price: $299

innovationlabs.ca


What’s Included:15 hours of training

15% Off Creative Co-workers Monthly Membership $540 value

Access to Think Innovation Magazine Online innovation magazine that you can become a contributor to.

Access to the Test Tube Community of Innovators Continue to collaborate with talent after the training.

Discounts on video, branding, design, and marketing services. Ex. Kickstarter Campaigns.

innovationlabs.ca


www.innovationlabs.caDiscount Code: VIP

http://www.innovationlabs.ca/

how enterprises can innovate

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