What do innovators really do? This is the question our speaker had in mind. To investigate answers, he set out on the road, traveling the US in an RV. On this webcast you will learn the insights and secrets gained from business leaders, innovators, and product development professionals.
This discussion shares product development and innovation insights from interviews with product professionals and business owners from large and small businesses.
About the Speaker:
Chad McAllister was a boy who loved to take apart things to see what was inside - what made something work. Not too much of a stretch that he found a love for electrical engineering during college. After graduating, he worked with teams in small, large, and startup businesses developing products - new hacks that no one had seen before. Sometimes the products made customers into raving fans and sometimes it was left to him to pick up the pieces and figure out what went wrong. Along the way he returned to school, earning a PhD in business, to deepen his understanding of how to exceed customers' expectations. He is also PMP certified and holds professional product innovation certifications from PDMA and AIPMM. He founded Product Innovation Educators to teach anyone how to turn ideas into products that create raving fans. Oh, and he is currently traveling the US in an RV exploring innovation.
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WHY?
• An itch to scratch
• Opportunity to learn from a variety of practitioners in
different contexts
– Larger
– Small
– Entrepreneurs
• Share insights
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6 QUESTIONS TO SHAPE INTERVIEWS
1.
An example of innovation in your company? What makes this
innovative?
2.
Where did the ideas come from? Is that normal or are there other
sources of ideas also?
3.
What made it successful?
4.
What is the most innovative person in your organization like?
5.
Advice for business owners to be more innovative?
6.
What else is important to innovation?
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SOME LESSONS
• Three areas of innovation focus:
– Customer
– Process
– Differentiation
• Culture
• Swim with the best
My goal…
provide you with at least one tangible action you can start
doing today to be more successful with innovation.
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LESSON: CUSTOMER FOCUS
• An aggressive focus on customers
• Know your customers
– The task or job they want to accomplish
– Their perception of value
– Make connections
• How can you simply change the customer experience to
create a higher value?
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LESSON: PROCESS FOCUS
• Know what the job is
• Hire the right people and let them run
• Do the right things at the right times
• Do you know what the problem or objective really is?
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LESSON: DIFFERENTIATION FOCUS
• Know what customers want
• Offer something that competitors are not
• Stay ahead of trends – see what is coming next
• When customers think of your product (goods or services),
what stands out to them?
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LESSON: CULTURE SUBTEXT
• Culture answers:
– What is honored?
– What is avoided?
– What is not tolerated?
• “More important than any of the individual elements,
however, is the role played by corporate culture — the
organization’s self-sustaining patterns of behaving, feeling,
thinking, and believing…” (Booz & Co Global 1000 Report,
2011)
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Culture Through the Eyes of Kids
Tiffin
• Smiling faces
• Craftsmen
• Transparent
• Personal
• Not repeatable
• Family operation
Winnebago
• Neutral faces
• Hourly employees
• Secretive
• Assembly line
• Solid processes
• Public corporation
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Influence of Culture on Innovation
Tiffin
Winnebago
Business Strategy
Extraordinary
customer service
Minimize quality
errors
Culture
We are family
Consistency
Innovation
Service Centers
Manufacturing Process
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LESSON: SWIM WITH THE BEST
• Find the best people in your industry you can get unbiased
guidance from.
• Look for ways to be sharpened and to sharpen others.
• Don’t just learn your trade, master it.
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CULTURE – KEY TO INNOVATING AS A
CHOCOLATE MAKER
• 45 artisan chocolate makers in the US. Problem – how to
stand out?
• Apply 3 Ps:
1.
2.
3.
Personal: the mission is personally motivating
Powerful: the story is bigger than themselves
Persuasive: create raving fans that recommend the business
• What is the story behind your product?