innovation, technology and risk
DESCRIPTION
Slides from a presentation I gave at ASAE's Great Ideas conference. I discuss what innovation is, how it should be incorporated into operations, and what role technology and risk play in the innovation process.TRANSCRIPT
Innovation and RiskAssociations and Technology
C. David Gammel, CAEHigh Context Consulting
www.highcontext.com
“Orville Wright did not have a pilot’s license.”
Gordon MacKenzie, Orbiting the Giant Hairball.
“The future is already here. It’s just not very evenly
distributed.”
William Gibson, author. NPR Talk of the Nation, 30 November 1999.
What is Innovation
Changing the yield of resources. (Supply)
Changing the value and satisfaction obtained from resources by the consumer. (Demand)
Peter F. Drucker, Innovation and Entrepreneurship.
Why Innovation Matters
“It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.”
Charles Darwin
Why Tech Matters
Strong Tech
Weak Tech
Weak StrategyStrong Strategy
Could HaveWill Do
Should Have Won’t Do
Technology Adoption Curve
Early Leading Trailing Laggards
Drucker’s Seven Sources of Innovation
IntrinsicThe unexpected.The incongruity.Process need.Changes in industry or market structure.
ExtrinsicDemographics.Changes in perception, mood, and meaning.New knowledge.
Risk/Reward Ratio
-5 -4 -3 -2 -1 0 +1 +2 +3 +4 +5
+5 = Paradigm-breaking improvement.+4 = Dramatic improvement.+3 = Strong benefits.+2 = Minor benefits.+1 = Very minor improvement.
-1 = Very minor setback.-2 = Minor setback, controllable. -3 = Public setback, requires damage control.-4 = Major defeat, financial damages, recovery time needed.-5 = Devastating losses.Source: Alan Weiss.
Supply Demand
Unexpected
Incongruity
Process Need
Industry/Market Change
Demographics
Perception, mood or meaning
New knowledge
Technologies for Innovation
Supply
Software as a Service
Virtualization
On-demand Printing
E-commerce
Participatory Publishing
Demand
Social Media/Networking
Short-form eBooks
Mobile Content/Services
Ubiquitous Internet Access
Associations in All But Name
Strobist Blog www.strobist.com
Blogher Conference www.blogher.com
Adrian Bye’s MeetInnovators www.meetinnovators.com
Stop doing something...
Now, Innovate!