More Related Content Similar to Inno Flux Presentation (20) Inno Flux Presentation1. “INNOFLUX”
…Democratizing Innovation
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2. Agenda
• The objective of this session is to demonstrate “Innoflux”
as an Idea Management and Innovation fostering tool.
• What we Should Cover:
Why Innovation is Imperative
Approaches to Innovation
Definition: Idea Management
Why Manage Ideas
Features: “Innoflux”
Benefits
Why Us?
• Expected outcome is an invitation to an RFP
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3. Why Innovation is Imperative???
• Innovative companies generate 4x more
profit (PwC)
• Innovative companies experience faster
growth in market capitalization (E&Y)
• Every $1 of R & D investment yields $18.70
in sales (US Dept of Commerce)
• 86% of CEOs say innovation is a “top
priority” (Trendsetter Barometer)
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All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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4. Approaches to Innovation
• Brainstorming (in a room)
• Suggestion Box
• Marketing Research
• Lead User Approach
• Centralized Idea Management Systems
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All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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5. Idea Management?
The process of Generation, Review, Evaluation,
Shortlisting and Selection of IDEAS
Managing the Fuzzy Front End of Innovation
A goal oriented & strategy driven process.
… Leading to Disruptive/ Incremental Innovation !!!
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All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 5 of 16
6. Without Idea Management
Vicious circle of ad-hoc “Suggestions” schemes
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All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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7. With Idea Management
Virtuous circle of Systematic Idea Management Process
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All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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8. What is InnoFlux
“InnoFlux” is
– A workflow enabled Idea Management and Open Innovation portal
– A tool for Democratizing Innovation
– Based on an accepted model to manage the “fuzzy” front-end to
product and service development
It also facilitates the involvement of external partners in the
organizational innovation process and thus promotes innovation
from “everywhere and anywhere”
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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9. InnoFlux - Benefits
• Business Benefits
Setting formal ideation process leading to -
Cost savings by process improvements
New products/ services development thus new revenue sources
Improvement of existing products/ services
An innovation driven corporate culture
Dissemination of cross-functional and cross-organization
opportunities
Enable corporate-wide and business unit innovation activities
Involve external entities (customers, vendors, suppliers etc) in product
development and process improvement
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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10. InnoFlux – Benefits Contd…
•Strategic
Align Open Innovation with Corporate Strategy
Develop pipeline of revenue generating ideas
Understanding where the ideas contributing to revenues
comes from
Set KRAs to generate ideas
Competitive Advantage
Sucession Planning
Identify ideation challenges for each strategic arena
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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11. InnoFlux – Benefits Contd..
• Financial
Generating additional revenues for products/services already in the
market and increase uptake of launch products/services
Significant ROI from investment in the process and implementation
of top ideas
• Other Benefits
Idea management even across geographically dispersed groups
Corporate culture, employee morale, feeling of making a
contribution
Reduce employee attrition that happens due to lack of
opportunities.
Spot Multi-Talented People
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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12. Features-”Innoflux”
• Comprehensive Dashboard (all relevant information at single page)
• Interactive Idea Sharing
• Peer Review & Rating of Ideas
• Active Discussion Boards
• Whiteboards (for brainstorming on a topic)
• Collaborative Ideation
• Challenges (to seek ideas in a given area)
• Workflows & approval process
• Configurable Idea Categories
• Filtering & Funneling of Ideas at every hierarchy level
• Establishing Idea relationships
• Manager review based on comprehensive evaluation criterion/
parameters
• Manage Idea Portfolio by converting viable ideas into projects and
allocating resources
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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13. Ideation Process @ InnoFlux
“You need to kiss a lot of toads to get a princess”.
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All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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14. Why Us
• Comprehensive Idea Management Solution (details in ‘Features’
section)
• Flexibility (customization based on your Organizational Hierarchy
& Needs)
• User Friendly Interface
• Upgrades every 3 months’
• 24/7 Support (just a call away)
• Experienced Team
• Regular Data Backups
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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15. Contact Details
Santosh Verma
VP, Marketing & Business Development
I-Cube Systems (P) Ltd.
www.iqbsys.com
santosh.verma@iqbsys.com
+91 11 26014147 (O)
+91 8010363332 (M, New Delhi)
+91 9535231937 (M, Bangalore)
Skype: santosh.verma7
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
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