innovation by laurent federspiel
DESCRIPTION
SAP Run Better Luxembourg - Keynote Presentation on Innovation by Laurent FederspielTRANSCRIPT
Innovation
Laurent Federspiel, Chairman SAP User Group Luxembourg
October 11, 2011
What is innovation?
© 2011 SAP AG. All rights reserved. 3
Why should we innovate?
« Innovation delivers economic,
social and environmental benefits
to society »
- Australian Innovation System Report 2011
© 2011 SAP AG. All rights reserved. 4
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
© 2011 SAP AG. All rights reserved. 5
Types of innovation
Process
Product
VS
© 2011 SAP AG. All rights reserved. 6
Types of innovation
Market need Development Manufacturing Sales
R&D Design and engineering
Manufacturing Marketing Sales
Pull
VS
Push
© 2011 SAP AG. All rights reserved. 7
Types of innovation
Radical
Incremental
VS
© 2011 SAP AG. All rights reserved. 8
What about innovation in Luxembourg?
© 2011 SAP AG. All rights reserved. 9
Public initiatives
Public initiatives
© 2011 SAP AG. All rights reserved. 10
© 2011 SAP AG. All rights reserved. 11
© 2011 SAP AG. All rights reserved. 13
Trends in innovation
From
to
Innovation
© 2011 SAP AG. All rights reserved. 14
Trends in innovation
From
to
Innovation
© 2011 SAP AG. All rights reserved. 15
« Not all the smart people work for us »
- Henry W. Chesbrough 2003
© 2011 SAP AG. All rights reserved. 17
Open innovation
© 2011 SAP AG. All rights reserved. 18
Exchange 2 innovate: share to improve
© 2011 SAP AG. All rights reserved. 19
Global Competitiveness Report 2011 - 2012
© 2011 SAP AG. All rights reserved. 20
Stages of Development
Factor driven
Efficiency driven
Innovation driven
© 2011 SAP AG. All rights reserved. 21
© 2011 SAP AG. All rights reserved. 22
Global Competitiveness Index Rankings
-10
0
10
20
30
40
50
2010
2011
Variance
© 2011 SAP AG. All rights reserved. 23
Global Competitiveness Index Rankings
© 2011 SAP AG. All rights reserved. 24
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
© 2011 SAP AG. All rights reserved. 25
Formula of Innovation
Innovation Creativity Action
© 2011 SAP AG. All rights reserved. 26
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
© 2011 SAP AG. All rights reserved. 28
Management practices of innovative organizations
Recruit best talent
© 2011 SAP AG. All rights reserved. 29
Management practices of innovative organizations
Common purpose
© 2011 SAP AG. All rights reserved. 30
Management practices of innovative organizations
Responsible management
and incentives
© 2011 SAP AG. All rights reserved. 31
Management practices of innovative organizations
Empowered
multidisciplinary
teamworking
© 2011 SAP AG. All rights reserved. 32
Management practices of innovative organizations
Status reduction
© 2011 SAP AG. All rights reserved. 33
Management practices of innovative organizations
Emphasize learning
and training
© 2011 SAP AG. All rights reserved. 34
Management practices of innovative organizations
Knowledge networking
© 2011 SAP AG. All rights reserved. 35
Management practices of innovative organizations
Structure and technology
© 2011 SAP AG. All rights reserved. 36
Management practices of innovative organizations
Partnerships
© 2011 SAP AG. All rights reserved. 37
3 components of creativity
- Theresa Amabile 1998
© 2011 SAP AG. All rights reserved. 39
Luxembourg SAP User Group
© 2011 SAP AG. All rights reserved. 41
Members
© 2011 SAP AG. All rights reserved. 42
Luxembourg SAP User Group
Thank You!
Contact information:
Laurent Federspiel
Chairman SAP User Group