pinstripe healthcare presents: innovating for results - hr’s role to lead and foster innovation

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1 Content Property of Pinstripe, Inc. Innovating for Results HR’s Role to Lead and Foster Innovation Thursday, April 19, 2012

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Top healthcare providers are finding that fostering and rewarding innovation across all functions is leading to significant operational efficiencies and improved patient satisfaction scores. At the same time, others find themselves falling behind as they struggle to create lasting change in their organizations. During this hour-long session, attendees will hear the best-practice stories of executives and HR leaders that have risen to the challenge, taking incremental steps to create environments in which innovative thinking and delivery are making tangible differences in the lives of employees, patients and their communities.

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Page 1: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

1 Content Property of Pinstripe, Inc.

Innovating for Results HR’s Role to Lead and Foster Innovation

Thursday, April 19, 2012

Page 2: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

2 Content Property of Pinstripe, Inc.

Ashley Gouge Vice President Pinstripe Healthcare

• Innovation Myth Debunked

• What is Innovation

• Hiring for Innovation

• HR’s Role

• Q&A

Introductions & Agenda

Page 3: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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Innovation Myths Debunked

Page 4: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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“Innovation

comes from

people who

are creative.”

Fact: Innovation is far more likely to come from a disciplined approach.

Innovation Myth #1

Page 5: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

5 Content Property of Pinstripe, Inc.

“Innovation is

expensive,

demanding

a lot of

resources.”

Fact: Innovation is more correlated with resource scarcity. And failure to innovate is truly costly.

Innovation Myth #2

Page 6: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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“Innovation is

creating a hot

new product.”

Fact: New products are quickly copied and rarely enjoy sustained profits or success.

Innovation Myth #3

Page 7: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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Business model

Finance Networking

2. Networking enterprise’s structure/ value chain

1. Business model how the enterprise makes money

Core process

Process. Enabling process

3. Enabling process assembled capabilities

4. Core process proprietary processes that add value

6. Product system extended system that surrounds an offering

Product performance

Offering Product system

Service

7. Service how you service your customers

5. Product performance basic features, performance and functionality

Channel

Delivery Brand

Customer experience

10. Customer experience how you create an overall experience for customers

8. Channel how you connect your offerings to your customers

9. Brand how you express your offering’s benefit to customers

[email protected]

10 Types of Innovation

Page 8: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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• Creating an experience for the savvy healthcare consumer.

• Design a system that educates and moves us away from

“sick care” to truly “health care”

• To approach providing healthcare differently

• To transition to an organization rewarded for volume to

one rewarded for value - quality

Healthcare Organizations Must Innovate

Page 9: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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Hiring for Innovation

Page 10: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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Innovation Focus Areas

Culture Processes

People

Page 11: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

11 Content Property of Pinstripe, Inc.

People

Discovery-driven • Associating

• Questioning

• Observing

• Idea Networking

• Experimenting

Delivery-driven • Analyzing

• Planning

• Detail-oriented Implementing

• Self-disciplined

Different Talents

Page 12: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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Operational

Excellence

is not enough.

• Its power to differentiate has eroded.

• Operational flexibility is essential.

• New insights are needed. • New methods and tools must

be embraced. • Processes should be

systematically developed encourage the hiring, training, rewarding and promotion of discovery-driven people.

Processes

Page 13: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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Continue to

build a

Safe Place

to innovate.

• Innovation is everyone’s job

• Disruption is part of an

innovation portfolio

• Create small innovation project

teams

• Take smart risks in pursuit of

innovation

• Celebrate wins and losses

Culture

Page 14: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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Fostering Innovation Formula

Culture Processes

People

Challenge the status quo Take smart risks

Systematic Flexible

Delivery-driven Discovery-driven

Innovative Ideas

Page 15: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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HR’s Role in Innovation

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1. Work across the organization.

HR’s Opportunity to Lead

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1. Work across the organization

2. Encourage experimentation & adaptation

HR’s Opportunity to Lead

Page 18: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

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1. Work across the organization

2. Encourage experimentation & adaptation

3. Source, attract, screen and assess for the right talent

HR’s Opportunity to Lead

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1. Work across the organization

2. Encourage experimentation & adaptation

3. Source, attract, screen and assess for the right talent

4. Reach outside of your organization & industry

HR’s Opportunity to Lead

Page 20: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

20 Content Property of Pinstripe, Inc.

1. Work across the organization

2. Encourage experimentation & adaptation

3. Source, attract, screen and assess for the right talent

4. Reach outside of your organization & industry

5. Seek out partners that will accelerate your innovation

HR’s Opportunity to Lead

Page 21: Pinstripe Healthcare Presents: Innovating For Results - HR’s Role to Lead and Foster Innovation

21 Content Property of Pinstripe, Inc.

“Always try

just one more

time.”

- Albert Einstein

• Innovation is essential for

survival today

• Innovation can be …simple

• It is about leadership and

commitment

• Hiring the “right” balance of

talent is key

Parting Thoughts

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Q&A