1. Industrialization of Innovation
An Executive Learning Forum on Innovation
Understanding and Insight into
Innovation in the Company, National and
Global Environments
September 26, 2008
Copyright © 2008 Inovo Technologies Inc.

2. Agenda
4.30 – 5.00 Registrations
5.00 – 5.10 Welcome Address - Mr. Sridhar Venkiteswaran, Executive Director,
Avalon Consulting
5.10 – 5.40 Key note address on “Reflections on Innovation: The TATA
experience” – Mr. R Gopalakrishnan, Executive Director, Tata Sons
5.40– 5.50 Challenges of Innovation - Dr. Larry Schmitt, Founder, Inovo
5.50 – 6.30 Challenges of Innovation – Experience sharing with CXOs
6.30 – 6.45 “Overcoming Barriers to Innovation” – Mr. Sridhar Venkiteswaran
6.45 – 7.30 “Industrialization of Innovation” - Dr. Larry Schmitt
7.30 Onwards Cocktails followed by Dinner
Copyright © 2008 Inovo Technologies Inc.

3. „Industrialization‟ of Innovation – September 26th, 2008
THE INNOVATION SPACE
Copyright © 2008 Inovo Technologies Inc.

4. What IS Innovation?
Innovation IS…
 … a process for creating experiences or
effects that people find valuable – valuable
enough that they choose to adopt (begin using)
the product or service that provides the
experience.
 … a transformation process – from ideas or
knowledge into value typically, but not always,
in the form of money.
Copyright © 2008 Inovo Technologies Inc.

5. What IS Innovation?
Innovation IS NOT ABOUT…
 … inventing
...UNLESS
 … coming up with good ideas THEY
CREATE
 … problem solving or creativity
VALUE AND
 … cool technology HENCE ARE
ADOPTED
 … design
BY PEOPLE
New offerings fail to become innovations
because they miss on value and adoption
Copyright © 2008 Inovo Technologies Inc.

6. Successful Innovations
The World's Largest Matrimonial Service
Copyright © 2008 Inovo Technologies Inc.

7. The Innovation Space and Strategy
Expansion
Corporate Focus
Product New Business
Growth
Reinvention Creation and
Transformation
Scope of Change
Incremental Transformational
Product and Best Practices The World's Largest Matrimonial Service
Operational Operational
Excellence Reinvention
Operation
Copyright © 2008 Inovo Technologies Inc.

8. The Innovation Challenge
Expansion
Corporate Focus
New Business
Product
Growth
Creation and
Reinvention
Transformation
How do you
best ensure
Scope of Change that your
Incremental Transformational
Innovation
strategy spans
the Innovation
Best Practices
Product and
Operational Operational Space?
Excellence Reinvention
Operation
Copyright © 2008 Inovo Technologies Inc.

9. Copyright © 2008 Inovo Technologies Inc.