profitable innovation or why big companies burn big dollars on technological ideating

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PROFITABLE INNOVATION

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Page 1: Profitable innovation or why big companies burn big dollars on technological ideating

PROFITABLE INNOVATION

Page 2: Profitable innovation or why big companies burn big dollars on technological ideating
Page 3: Profitable innovation or why big companies burn big dollars on technological ideating

WHY BIG COMPANIES BURN BIG DOLLARS

ON “TECHNOLOGICAL IDEATING” &

OTHER SUCH VALUELESS TERMS / BEHAVIORS

Page 4: Profitable innovation or why big companies burn big dollars on technological ideating
Page 5: Profitable innovation or why big companies burn big dollars on technological ideating

HOW TO COMMUNICATE BETTER WITH

YOUR CLIENTS &/OR PARTNERS

Page 6: Profitable innovation or why big companies burn big dollars on technological ideating

AGENDAi.e. the last hurdle to happy

hourWho

Define “Innovation”

BT Innovation SOTU

5 Mistakes

5 Best Practices

Q+A

Page 7: Profitable innovation or why big companies burn big dollars on technological ideating

WHO

ARE

YOU

?

Page 8: Profitable innovation or why big companies burn big dollars on technological ideating

Pat Morrell

Sales Director, Skookum

@pat_morrell

Page 9: Profitable innovation or why big companies burn big dollars on technological ideating
Page 10: Profitable innovation or why big companies burn big dollars on technological ideating
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Page 15: Profitable innovation or why big companies burn big dollars on technological ideating

AGENDAi.e. the last hurdle to happy

hourWho

Define “Innovation”

BT Innovation SOTU

5 Mistakes

5 Best Practices

Q+A

Page 16: Profitable innovation or why big companies burn big dollars on technological ideating

DEFINE “INNOVATION”

Page 17: Profitable innovation or why big companies burn big dollars on technological ideating

DEFINE INNOVATION

Page 18: Profitable innovation or why big companies burn big dollars on technological ideating
Page 19: Profitable innovation or why big companies burn big dollars on technological ideating
Page 20: Profitable innovation or why big companies burn big dollars on technological ideating
Page 21: Profitable innovation or why big companies burn big dollars on technological ideating
Page 22: Profitable innovation or why big companies burn big dollars on technological ideating

AGENDAi.e. the last hurdle to happy

hourWho

Define “Innovation”

BT Innovation SOTU

5 Mistakes

5 Best Practices

Q+A

Page 23: Profitable innovation or why big companies burn big dollars on technological ideating

BUSINESS TECHNOLOGY & INNOVATION SOTU

Page 24: Profitable innovation or why big companies burn big dollars on technological ideating

Chief Product Officer

Chief Digital Officer

Manager of Global Media & Digital Marketing

Director, Customer Relationship & Mobile Marketing

CTO

COO

GM IT Innovation

Director of Digital Innovation

SVP Sales

CMO

VP Strategy

CIO

VP IT

Enterprise Architect

CEO Board of Directors

Intern

Page 25: Profitable innovation or why big companies burn big dollars on technological ideating
Page 26: Profitable innovation or why big companies burn big dollars on technological ideating

they think

they’re bad at

innovation

Page 27: Profitable innovation or why big companies burn big dollars on technological ideating

% F1000 leaders who say their

innovation strategy is competitively

failing.

(Accenture)

Page 28: Profitable innovation or why big companies burn big dollars on technological ideating

(McKinsey)

% global executives who are

“unsatisfied with their innovation

performance.”

Page 29: Profitable innovation or why big companies burn big dollars on technological ideating

% F1000 leaders who say they are

bad at capturing new ideas.

(Accenture,)

Page 30: Profitable innovation or why big companies burn big dollars on technological ideating

they think

they’re bad at

innovation

they want to improve,

& claim to prioritize

innovation

Page 31: Profitable innovation or why big companies burn big dollars on technological ideating

% F1000 leaders who see long-term

success dependent on innovation.

(Accenture)

Page 32: Profitable innovation or why big companies burn big dollars on technological ideating

% of Elite 100 co’s that say

introducing a new IT-led product or

service is among their top 3

innovation priorities. (InformationWeek)

Page 33: Profitable innovation or why big companies burn big dollars on technological ideating

(McKinsey)

% global executives who believe

innovation is “extremely important

to their growth strategies”

Page 34: Profitable innovation or why big companies burn big dollars on technological ideating

they think

they’re bad at

innovation

they want to improve,

& claim to prioritize

innovation

they put it all

on I.T…. unfairly

Page 35: Profitable innovation or why big companies burn big dollars on technological ideating

% F1000 IT budgets spent on old

system maintenance.

(Gartner/InformationAge)

Page 36: Profitable innovation or why big companies burn big dollars on technological ideating

% IT leaders who say that “focus on

daily IT ops” prevents them from

innovating.

(InformationWeek)

Page 37: Profitable innovation or why big companies burn big dollars on technological ideating

% F1000 IT budgets spent

on new technologies.

(Gartner/InformationAge)

Page 38: Profitable innovation or why big companies burn big dollars on technological ideating

Twisted reality :

• everybody feels they’re bad at innovation

• yet they want to do a LOT more of it

• the knee-jerk reaction is “just let IT figure it out”

• but IT is already too slammed to innovate

So now we have this ego-rich pool of confused

accountability and desire (ex: the almost daily

publication of CIO v. CMO v. CDO nonsense…)

This leaves people at an inflection point where

mistakes get made… here are the biggest mistakes.

Page 39: Profitable innovation or why big companies burn big dollars on technological ideating

AGENDAi.e. the last hurdle to happy

hourWho

Define “Innovation”

BT Innovation SOTU

5 Mistakes

5 Best Practices

Q+A

Page 40: Profitable innovation or why big companies burn big dollars on technological ideating
Page 41: Profitable innovation or why big companies burn big dollars on technological ideating

MISTAKE #1

Page 42: Profitable innovation or why big companies burn big dollars on technological ideating

Believing that this… Equals this…

Page 43: Profitable innovation or why big companies burn big dollars on technological ideating

“Then it just

becomes

an industry

of cool”

Page 44: Profitable innovation or why big companies burn big dollars on technological ideating

Will not save your business…

Page 45: Profitable innovation or why big companies burn big dollars on technological ideating

“Silicon

Valley

Savior

Confusion”

Page 46: Profitable innovation or why big companies burn big dollars on technological ideating

MISTAKE #2

Page 47: Profitable innovation or why big companies burn big dollars on technological ideating

Only calling these guys…

Page 48: Profitable innovation or why big companies burn big dollars on technological ideating
Page 49: Profitable innovation or why big companies burn big dollars on technological ideating

“Big

IT-Strategy

Aristocracy

Homage”

Page 50: Profitable innovation or why big companies burn big dollars on technological ideating

MISTAKE #3

Page 51: Profitable innovation or why big companies burn big dollars on technological ideating

BuzzwordsVC & pop-tech news

Getting distracted by…

Gadget lust

Page 52: Profitable innovation or why big companies burn big dollars on technological ideating

“Pop-Tech

New-New

Value-Prop

Buzzword

Confusion”

Page 53: Profitable innovation or why big companies burn big dollars on technological ideating

MISTAKE #4

Page 54: Profitable innovation or why big companies burn big dollars on technological ideating

Hiring…

Not HimHim

Page 55: Profitable innovation or why big companies burn big dollars on technological ideating

“Robert the Bruce

Consensus-

Builder

Mis-Hire”

Page 56: Profitable innovation or why big companies burn big dollars on technological ideating

MISTAKE #5

Page 57: Profitable innovation or why big companies burn big dollars on technological ideating
Page 58: Profitable innovation or why big companies burn big dollars on technological ideating
Page 59: Profitable innovation or why big companies burn big dollars on technological ideating
Page 60: Profitable innovation or why big companies burn big dollars on technological ideating

“Don Draper,

3AM

Pizza-Whiteboard

Volume-Ideating

C.Y.A.

Delusion”

Page 61: Profitable innovation or why big companies burn big dollars on technological ideating

AGENDAi.e. the last hurdle to happy

hourWho

Define “Innovation”

BT Innovation SOTU

5 Mistakes

5 Best Practices

Q+A

Page 62: Profitable innovation or why big companies burn big dollars on technological ideating

BEST

PRACTICE

#1

Page 63: Profitable innovation or why big companies burn big dollars on technological ideating

FIX FIRST

Page 64: Profitable innovation or why big companies burn big dollars on technological ideating

FIX FIRST

FUTURIZE SECOND

Page 65: Profitable innovation or why big companies burn big dollars on technological ideating
Page 66: Profitable innovation or why big companies burn big dollars on technological ideating

BEST

PRACTICE

#2

Page 67: Profitable innovation or why big companies burn big dollars on technological ideating

HUMANS FIRST

Page 68: Profitable innovation or why big companies burn big dollars on technological ideating

HUMANS FIRST

TECH SECOND

Page 69: Profitable innovation or why big companies burn big dollars on technological ideating
Page 70: Profitable innovation or why big companies burn big dollars on technological ideating

“NEXT

VERSION

ROPE-A-DOPE”

Page 71: Profitable innovation or why big companies burn big dollars on technological ideating

“SILOED

STACK

LIMITATIONS

SYNDROME”

Page 72: Profitable innovation or why big companies burn big dollars on technological ideating

“Projects don’t fail because of

technology limitations…

projects fail because of

people limitations”

(paraphrasing)

- Rob Harr, the guy who spoke ahead of me about 45mins ago

Page 73: Profitable innovation or why big companies burn big dollars on technological ideating

BEST

PRACTICE

#3

Page 74: Profitable innovation or why big companies burn big dollars on technological ideating

MAKE

APIs

1st

CLASS

CITIZENS

Page 75: Profitable innovation or why big companies burn big dollars on technological ideating
Page 76: Profitable innovation or why big companies burn big dollars on technological ideating
Page 77: Profitable innovation or why big companies burn big dollars on technological ideating
Page 78: Profitable innovation or why big companies burn big dollars on technological ideating
Page 79: Profitable innovation or why big companies burn big dollars on technological ideating

BEST

PRACTICE

#4

Page 80: Profitable innovation or why big companies burn big dollars on technological ideating

OUTSOURCE

Page 81: Profitable innovation or why big companies burn big dollars on technological ideating

OUTSOURCE,

HUMBLY

Page 82: Profitable innovation or why big companies burn big dollars on technological ideating

“No problem can be solved from the same level of consciousness

that created it”

Page 83: Profitable innovation or why big companies burn big dollars on technological ideating

“No problem can be solved from the same level of consciousness

that created it”

Page 84: Profitable innovation or why big companies burn big dollars on technological ideating
Page 85: Profitable innovation or why big companies burn big dollars on technological ideating

BEST

PRACTICE

#5

Page 86: Profitable innovation or why big companies burn big dollars on technological ideating

STOP

SCAPEGOATING

I.T.

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Page 91: Profitable innovation or why big companies burn big dollars on technological ideating
Page 92: Profitable innovation or why big companies burn big dollars on technological ideating
Page 93: Profitable innovation or why big companies burn big dollars on technological ideating
Page 94: Profitable innovation or why big companies burn big dollars on technological ideating

AGENDAi.e. the last hurdle to happy

hourWho

Define “Innovation”

BT Innovation SOTU

5 Mistakes

5 Best Practices

Q+A

Page 95: Profitable innovation or why big companies burn big dollars on technological ideating

5 mistakes 5 best practices

1. “Silicon Valley Savior Delusion”

2. “Big I.T.-Strategy Aristocracy Homage”

3. “Pop-Tech New-New Value-Prop Confusion”

4. “Robert the Bruce Consensus-Builder Mis-hire”

5. “Don Draper,3AM, Pizza-Whiteboard,

Volume-Ideating C.Y.A. Delusion”

1. Fix First, Futurize Second

2. Humans First, Tech Second

3. Make APIs First Class Citizens

4. Outsource, Humbly

5. Stop Scapegoating I.T.

Page 96: Profitable innovation or why big companies burn big dollars on technological ideating