InnovationManagement

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– A practical approach to implementing innovation management initiatives

Run on all cylinders to be succesfull

Agenda

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•Who’stalking?

•Afewwordsaboutinnovation

•Apracticalapproachtoimplementinginnovationmanagementinitiatives

•Conclusionandsummary

Run on all cylinders to be succesfull

Who´s talking?

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•AsserKalsbøll,BusinessDevelopmentManager,HeadofFront-EndInnovation,DELTA

•PGD,Management&Organisation,CopenhagenBusinessSchool.•M.Sc.Eng,InnovationandBusinessDevelopment,AAU•M.Sc,Eng,Env.Eng.Management,UTS

– Passionate about Innovation

DELTA–ADanishtechnologycompanywithalittleunder300employees.WehavebothproducttestingandconsultancyservicesaswellasturnkeysolutionandsupplyofASIC’sandopticalcoatingtechnologies.Wesupplytomostpartsoftheworld.Wewerefoundedin1941.WehavebeenactiveinContinuaandAALsincethebeginningandservedaschairofAALForumin2010onbehalfoftheministry.

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A few words about innovation

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22Defining Innovation and culture

•DefiningInnovation:Theprocessoftranslatinganideaorinventionintoagoodorservicethatcreatesvalueforwhichacustomerwillpay.

•Definingculture:Norms,values,basicassumptions,unconsciousmessagesandsubtlebehaviorsofleadersandemployees.

Run on all cylinders to be succesfull

Run on all innovation cylinders

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22A practical approach to implementinginnovation management initiatives

•Cylinder1–Innovationaschange•Cylinder2–Strategy&Leadership•Cylinder3–InnovationProcesses•Cylinder4–Technology&Infrastructure•Cylinder5–Metricsandrewardsystem•Cylinder6–StructureandRessources•Cylinder7–Howtocreateacultureofinnovation

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•Innovationbecomesamysteryandaformofart.

•Utilizetheorganizationalmemoryandcompetencesfrompreviouschangeinitiatives.

Treat innovation as a change initiativ

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Cylinder # 1

•Ifyoudonthaveanythinginyourstrategy,youyoudonthaveareferenceforyourclaimsabouttheimportanceofinnovation.

•Bytheyear2016,30%ofoursalesshallcomefromnewproducts.

– We can often agree on the importance of innovation in talk but seldom in action.

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22A practical approach to implementinginnovation management initiatives

Run on all cylinders to be succesfull

Strategy and LeadershipCylinder # 2

“Who dare say they have well-functioning innovation processes at their workplace ?”

Think about this

•“WelackaplacetoputourIdeas.Thereisnoroute…Itmustmaterializesomewhere.”

•Speedandqualityinyourinnovationprocessesarecriticaltosucces–thinkLEAN.

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22A practical approach to implementinginnovation management initiatives

Run on all cylinders to be succesfull

Innovation ProcessesCylinder # 3

“Who has a knowledge management and idea management system at their workplace?”

Think about this

•It’sunthinkabletohaveacompanywithoutsupportingITsystemstotheday-to-daybusiness.

•Provideportfoliooverviewtostakeholderstoinnovation.Selectasimplebuteffectivetoolandmakeitwork–thenrampup.

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Technology and infrastructure

Cylinder # 4

“How many in here have read the bestseller “The lean start-up” by Eric Ries and now try to implement these thoughts through their jobs”?

Think about this

•Watchoutforthecorporateimmunesystemmetrics–itisaninnovationkiller.

•Systematicexperimentallearningbeats“paralysisbyanalysis”.Goodmetricsinclude:experiments,mock-ups,externalvalidation...

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22A practical approach to implementinginnovation management initiatives

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Metrics and reward system

Cylinder # 5

•Individualextrinsicrewardsystemsaredirectlyharmfullforinnovationperformanceandculture.

•Rewardwithpurpose,autonomyandtime.

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Run on all cylinders to be succesfull

Metrics and reward system

Cylinder # 5

“An internal incubator division to seed new business creation – how many of you have that at your workplace?

Think about this

•“Wecan’trampuponourideasduetoresourceandtimeconstraints”.

•CreateanenvironmentforInnovationoutsideoperationalexcellenceKPI’sandmakesureyoucanramp-upfromideatobusiness.

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Structure and Ressources

Cylinder # 6

“Who truly believe they have a culture of innovation at their workplace ?”

Think about this

•”Surewehaveaninnovationculture”

•Workwiththeothercylindersandaskyourselfwhoyourcurrent”heroes”oftheorganizationare?

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innovation management initiatives

Run on all cylinders to be succesfull

How to create a culture of innovation

Cylinder # 7

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Run on all cylinders to be succesfull

•Cylinder1–Innovationaschange•Cylinder2–Strategy&Leadership•Cylinder3–InnovationProcesses•Cylinder4–Technology&Infrastructure•Cylinder5–Metricsandrewardsystem•Cylinder6–StructureandRessources•Cylinder7–Howtocreateacultureofinnovation

Run on all cylinders to be succesful

Conclusions

Add cylinders as you learn in order to create a bigger and more powerful engine that fits your and your organizations needs

Think about this

AsserKalsboll@gmail.com+4525123243

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The end

•TheRelativeImportanceofInterfirmRelationshipsandKnowledgeTransferforNewProductDevelopmentSuccess,M.PKnudsen,2007,JournalofProductDevelopment

•TheLeanStart-up,EricRies,2011•WinningatnewProducts–profitablepathwaytoinnovation,2005,byR.GCooper•LEANinnovation,L&RBusiness(Egmont),2008•Cummings&Worley,OrganizationalDevelopment&Change,8thedition•DanPink:Thepuzzleofmotivation,TEDx•PhilMckinney,Killerinnovations

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References