Post on 06-Apr-2017
transcript
The essentials of innovation…
Philippe Mauchard – March 9th, 2017
Philippe MauchardPartner, McKinsey & Company (2000-2006)Partner, Founder & Global Director McKinsey Solutions (2006-2016)Managing Partner, SmartVentures/The BridgeChief Bridge Officer, B-Hive
Preaching to the converted? The essentials of innovation…
Preaching to the converted? … or… taking one’s own
medicines?
600 2013
0
New titles in English
5,000,000
20101300950 1650
Unprecedented times…
What are the major tech trends impacting business in near to mid-term?
What does it take to get innovation right?(and why should YOU care?)
84% Of global executives believe innovation is extremely important…
6%…but only are satisfied with their innovation performance
What stops companies from innovating?
Ostrich mindset? Getting the
timing right?
Innovator’s dilemma?
Placing the wrong bets?The
execution challenge?
Product Process
3 types of innovation
Business model
NOW
3 sources of innovation
Incremental growth from new channels, categories or segments
E.g.: A new product variant
3 sources of innovation
Innovating off something that works
E.g.: A new product
NEW
3 sources of innovation
Disruptive growth from new business models
Eg: Inventing something new or additive
NEXT
Innovation
Creativity
+ Delivery
===/
Shaped creativity...
CHOOSE
ASPIREPut numbers on it
Place clear bets
Shaped creativity...
CHOOSE
DISCOVER
ASPIREPut numbers on it
Place clear bets
Insights over ideas
EVOLVEOr risk extinction
Shaped creativity...
CHOOSE
DISCOVER
ASPIREPut numbers on it
Place clear bets
Insights over ideas
EVOLVE
ACCELERATE
SCALE
EXTEND
…powerful delivery
Or risk extinction
Make horses. Not camels
Go big. - selectively
Be the partner of choice
Shaped creativity...
CHOOSE
DISCOVER
ASPIREPut numbers on it
Place clear bets
Insights over ideas
MOBILISEGo beyond structures
JUST 1
4-5
7+
NONE
Top ¼ Bottom ¼
Innovation is aboutcreativity AND delivery
You need multiple essentials working together to be successful
Getting the ASPIRATION right is a good place to start
And INSIGHTS can be a true source of distinctiveness
Preaching to the converted? … or… taking one’s own
medicines?
1926 2015
0
Share of new services
Percent
200719801960 1995
Unprecedented times…
EVOLVE
ACCELERATE
SCALE
EXTEND
…powerful delivery
Or risk extinction
Make horses. Not camels
Go big. - selectively
Be the partner of choice
Shaped creativity...
CHOOSE
DISCOVER
ASPIREPut numbers on it
Place clear bets
Insights over ideas
MOBILISEGo beyond structures
+
+
+
+!!
But after all….
…What could make a difference for you as leader?