1. Philip Wheat
Singularity Innovations
@Pwheat
Phil@SingularityInnovations.com

2. Every CxO has “Innovation” on their minds
Companies are acquiring startups at a rapid
pace to acquire innovations and innovative
teams.
Few companies are happy with the level of
innovation in their organization

3. Innovation is inefficient
Innovation is disruptive
Innovation is distracting
Sometimes they don’t recognize it
when they see it.

4. Almost by definition, an innovation
starts out rough and then gets
improved.
If it doesn’t – you’re spending too
much time working on it

5.  Big surprise – that’s why we say we want it
 Unless the disruption is our core business
 Unless we’re not set up to take advantage of it
 Unless we find that someone else is more agile
 Know that it’s disruptive and have a plan for how to handle that.
 Integrate Innovations into strategic plans
 Be prepared for surprises
 If your organization is too large to be agile, allow small groups to act
as scouts and pilots

6. Who wants to work on the old stuff?
All the smartest people get pulled out of
keeping business operating
Pivots make long range planning distracting
and difficult
Looking out for others innovating keeps your
eye off your internal ideas

7.  That’s almost never the case
 Key people became that way because they bought into the current thinking
 Innovation is almost always slower and more costly to begin with
 Recognizing new ideas worth investing in is a skill all to itself.
 Past performance does not guarantee future results
 A lot of innovation is luck

8.  Create cross discipline teams – not just your wunderkinds
 Create a budget – and let it run it’s course
 Give authority to the teams
 Allow great exposure, but avoid micromanagement at all
costs
 Set regular delivery milestones, even if they’re just
communication to the rest of the company

11. We’ll go through a project that started with
automotive window motors and ended with
representing $6.5B of research.
Oct 22nd 6-8pm.
Find out more at http://www.iasaglobal.org/ Austin chapter

12. Philip Wheat
Singularity Innovations
@Pwheat
Phil@SingularityInnovations.com