see what constitutes innovation, differentiates and innovations around you!

1. Lets talk
Innovation
By-
Arjun Mathur

2. What can you learn from this?
• What innovation is
• Why it’s important
• The types of innovation
• The degrees of innovation
• What’s stopping us?
• Some examples
• 10 words

3. What is innovation?
"The intersection of invention and insight, leading
to the creation of social and economic value."

4. Innovation is the thing that separates a leader from a follower!

5. Why is it important?

6. An innovation can increase profits
on the value side (customers value
an innovation enough to pay more
for it) . . .

7. . . . or the cost side (the company
produces a product offering in a
more efficient way).
Either way, value is created for the
firm and the consumer.

8. The famed New York Times columnist, Thomas
Friedman, wrote a column in which he said America
needs more jobs—Steve Jobs. He meant that innovation
and creativity must be nurtured and encouraged to help
the countries emerge from the global recession.

9. An invention is different from an
innovation at any particular time in
that it doesn’t have commercial
value but . . .

10. . . . it may have in future.

11. Think of invention as the laying of an egg,
innovation as the laying, incubation and
hatching.
Now there is no shortage of ideas and
inventions in the world. The challenge is to
introduce these successfully to a market.
Only then can the idea/invention be called an
innovation……..

12. Why is innovation important?

13. Innovation reduces waste and
environmental damage.

14. Innovation creates growth, increases
productivity, and economic wealth
(avoids stagnation).

15. Innovation provides better goods
and services at a cheaper price –
higher standard of living.

16. More interesting work for
employees.

17. Old strategies get replicated
and, consequently, margins get
squeezed.

18. Survival!

19. What are the essential ingredients, or
elements, of an innovation ecosystem?
A better world Shedding
status quo
Rise and fall

20. What are the types of innovation?

21. Numerous types . . .

22. . . . but all these labels just describe
where something new, better or
different occurs.

23. BROADLY:
 Product
 Process
 Service
 Business
model
 Value
 Market

24. . . . and many more, depending on
level of detail. Basically, innovation
can occur anywhere in the firm’s
business by anyone. We all have
great potential!

25. Structured
Unstructured Open

26. The degrees of innovation.

27. Once again, many labels . . .

28. . . . however, they all describe the
degree of change required by the
innovating firm and/or the market.

29. Incremental
Semi-radical
Radical

30. Some cool Innovations!

31. So what’s stopping us?

32. Wrong sense of Lack of financial
entrepreneurship support
Unfriendly
curriculum

33. How
To Be
Innovative
then?@##!!

34. Optimism Passion
Perceive Embrace
Opportunity Experience
Attitude Rebound
Focus Thrill

35. “Don’t be someone who asks “what happened?”
— make things happen. Change your
attitude, and you’ll find that things really can
improve. The year ahead is full of
opportunity, and it’s yours if you want it! ”