The document outlines the agenda for a two-day workshop on innovation. Day 1 focuses on frameworks for innovation including the 5 disciplines, 7 rules, and measuring payback. It discusses cases from Tata Motors, Air Deccan, and Toyota. Day 2 will cover frameworks for implementing innovation including the 4Ms of methods, money, manpower and mindspace.

1. Innovation –Processes &Tools A Two-Day Workshop Session 2B: Making Innovation Work

4. The 5 Disciplines of Innovation The Definition of Innovation A relentless focus on the creation and delivery of new customer value to the marketplace within a framework of business viability

6. Making Innovation Work Measuring Payback with the Cash Curve The most effective tool to measure payback on innovation is the cash curve

7. Making Innovation Work Source: Payback: Reaping the Rewards of Innovation (James P. Andrew and Harold L. Sirkin, Four S Factors have a direct impact on Cash Payback

10. Making Innovation Work Source: Payback: Reaping the Rewards of Innovation (James P. Andrew and Harold L. Sirkin, Prelaunch $ 5 Billion expense swallowed Cash to sink Iridium

11. Making Innovation Work Source: Payback: Reaping the Rewards of Innovation (James P. Andrew and Harold L. Sirkin, Microsoft had difficulty scaling the Xbox volumes to get Payback

12. Making Innovation Work Source: Payback: Reaping the Rewards of Innovation (James P. Andrew and Harold L. Sirkin, Linde uses the cash curve to time the launch of new products

14. Making Innovation Work Source: Payback: Reaping the Rewards of Innovation (James P. Andrew and Harold L. Sirkin, The cash curve identifies the size and relations between 3 risks

15. Making Innovation Work Source: Payback: Reaping the Rewards of Innovation (James P. Andrew and Harold L. Sirkin, Ideal! Low start-up cost, high speed and scale, low support cost

16. 1993 1998 2003 2011 Launch Breakeven

17. Making Innovation Work Group Exercise based on spreadsheet Cash Curves for: ACE World Truck Nano

18. 2001 2005 2013 Breakeven Launch

19. 2003 2008 2011 2015 Breakeven Launch

20. 2009 2004 2016 2012 Launch Breakeven

21. Making Innovation Work In the Peacock and Elephant Projects, using the Payback Cash Curve, discuss the following: • Can the team complete the development of the product on time in order to get it into production at the targeted date? • Will the product really meet the customer-derived spec? • Will our production process be able to get the hoped-for yield? • Can we produce as many units as we think we can? • How much capital investment will be required - and how might that fluctuate? • When will we sell the first unit? • How many units will customers buy? At what price? • When are we going to go cash positive? • In short, does this invention look as if it can generate cash payback? If so, when and how?

22. Making Innovation Work Design for Today Innovation is about designing solutions for customer problems. Can you see when and why such designs might deliver outstanding customer value?

23. Changing Market and Customer Requirements Yesterday’s Problems, today’s solutions Flyovers Making Innovation Work

24. Changing Market and Customer Requirements Yesterday’s Problems, today’s solutions Flyovers Making Innovation Work Today’s Problems, yesterday’s solutions Yoga

25. Changing Market and Customer Requirements Yesterday’s Problems, today’s solutions Flyovers Making Innovation Work Today’s Problems, yesterday’s solutions Yoga Today’s Problems, today’s solutions Antibiotics

26. Changing Market and Customer Requirements Yesterday’s Problems, today’s solutions Flyovers Making Innovation Work Today’s Problems, yesterday’s solutions Yoga Today’s Problems, today’s solutions Antibiotics Today’s Problems, tomorrow’s solutions Hybrid Car

27. Changing Market and Customer Requirements Yesterday’s Problems, today’s solutions Flyovers Making Innovation Work Today’s Problems, yesterday’s solutions Yoga Today’s Problems, today’s solutions Antibiotics Today’s Problems, tomorrow’s solutions Hybrid Car Tomorrow’s Problems, tomorrow’s solutions Solar Car Which block represents innovation? And why?

28. Changing Market and Customer Requirements Yesterday’s Problems, today’s solutions Flyovers Making Innovation Work Today’s Problems, yesterday’s solutions Yoga Today’s Problems, today’s solutions Antibiotics Incremental Innovation (Improving yesterday’s solutions)

29. Changing Market and Customer Requirements Yesterday’s Problems, today’s solutions Making Innovation Work Today’s Problems, yesterday’s solutions Today’s Problems, today’s solutions Today’s Problems, tomorrow’s solutions Tomorrow’s Problems, tomorrow’s solutions Solar Car Which block represents innovation? And why? Prototypes (Testing tomorrow’s solutions)

30. Changing Market and Customer Requirements Yesterday’s Problems, today’s solutions Making Innovation Work Today’s Problems, yesterday’s solutions Today’s Problems, today’s solutions Today’s Problems, tomorrow’s solutions Hybrid Car Tomorrow’s Problems, tomorrow’s solutions Which block represents innovation? And why? Innovation

31. Changing Market and Customer Requirements Making Innovation Work Today’s Problems, tomorrow’s solutions Hybrid Car Toyota Prius

35. The 5 Disciplines of Innovation The Definition of Innovation A relentless focus on the creation and delivery of new customer value to the marketplace within a framework of business viability

36. Making Innovation Work Design for Today Innovation is about designing tomorrow’s solutions for today’s problems. Payback Payback , or the profitability of investment, is the only decisive indicator for success in innovation

37. SCAMPER – Tool for Innovation