4. Showed up at work with self made Iron Man Costume. PS: Was asked to go home Meet Mr. Wang Kang – Innovator ?
5. Let’s try again ! “Traditionally, people think innovation is just about creativity, about being able to create ideas. In fact, it’s a very disciplined area. Companies really can manage innovation in the ways that they manage quality.” Esther Baldwin, Intel (Quoted in SMR)
6. A Process ? Really ?! "Innovation is the multi-stage process whereby organizations transform ideas into improved products, service or processes, in order to advance, compete and differentiate themselves successfully in their marketplace.” Baregheh A, Rowley J and Sambrook S.(2009) Towards a multidisciplinary definition of innovation, Management decision, vol. 47, no. 8, pp. 1323–1339
27. Is Telecoms an innovative industry ? What happened to MMS ? Mobile Advertising ? WAP Portals ? Location based services ? Push to talk ? Video calling (network based) All are there, but none made it to blockbuster status
28. Who ate the Telecom lunch ? Why didn’t telecoms get these right ? Social Networking / Facebook Media Sharing / Youtube, Flickr, blogging Geographical service / Foursquare Video Calling / Skype In each case a new company came along and did better what telecoms had been trying to do
This has implications. You have to manage both parts separately. Invention is about brainstorming, wild ideas, and free thinking. Application is about Discipline
Bureaucracy: Big is badZero internal marketing: If you build it, they will not comeBad timing: Don’t try to sell the idea when the ship is burning