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Walking Before Running: Mastering the
Top 5 Capabilities for Successful
Open Innovation
Luis Solis
President – North America
Twitter: @innoalchemist

2.26.2014
1

© Imaginatik plc 2011 | www.imaginatik.com
Our Agenda Today
 Introduction
 Adoption Paths

 Fix It Inside Before Going
Outside
 5 Success Fundamentals
 Closing Remarks / Q&A
2

© Imaginatik plc 2011 | www.imaginatik.com
Who is Imaginatik?
Imaginatik is an
innovation company
that assists large global
organizations to identify
new opportunities,
create powerful ideas,
and put processes in
place for repeatable,
sustainable innovationbased growth

3

© Imaginatik plc 2011 | www.imaginatik.com

AwardWinning
Innovation
Software

Creative
Methods

Powerful
Analytics

Expert
Innovation
Advisors
Building a Sustainable Innovation Engine
Innovation Disciplines

4

Focus Areas

Program Design

Strategy &
Structure

Innovation Game Plan
Strategic Growth Opportunity Areas

Creativity

Innovation Governance

Culture &
Competency

Enterprise Cloud Collaboration Software
Ideation, Collaboration, Discovery, Analytics,
Gamification & Portfolio Dashboards

Outcomes

Discovery and Insights
Impact

Ideation

Innovation Leadership
High performing Innovation teams
Skills, Mindsets and Behaviors

© Imaginatik plc 2011 | www.imaginatik.com
Enterprise Innovation Software Platform
Powering Innovation for the Organization
Discovery Central

Collaboration Central

Decisions Space

Results Engine

Support breakthrough
creativity in the workplace

Collect ideas from everywhere,
collaborate across silos

Make “go forward” decisions
at enterprise scale

Manage and measure the
entire innovation portfolio

5

© Imaginatik plc 2011 | www.imaginatik.com
Managed Open Innovation
 Challenge
Design
 Audience
 Rewards/Rec
ognitions
 Selection

 Award Admin

6

© Imaginatik plc 2011 | www.imaginatik.com
Managed Open Innovation
 Challenge
Design
 Audience
 Rewards/Rec
ognitions
 Selection

 Award Admin

7

© Imaginatik plc 2011 | www.imaginatik.com
“Show Me The Wheat”

8

© Imaginatik plc 2011 | www.imaginatik.com
“Show Me The Wheat”

9

© Imaginatik plc 2011 | www.imaginatik.com
“Show Me The Wheat”

10

© Imaginatik plc 2011 | www.imaginatik.com
“Show Me The Wheat”

11

© Imaginatik plc 2011 | www.imaginatik.com
“Show Me The Wheat”

12

© Imaginatik plc 2011 | www.imaginatik.com
Open Innovation Adoption

No-one dropped;
Interest is Up

78% Practice OI

Inbound OI is 4x
Outbound OI
Top Outbound:
JVs, Selling and
Standardization

Avg.
Yrs: 5

Top Inbound:
Co-creation,
Networking &
Grants

Source: Managing Open Innovation in Large Firms, Henry Chesbrough, UC Berkeley and Sanine
Brunswicker, Fraunhofer Society (2013). Selected sample for US/EU firms with sales >$250MM (n=125)
13

© Imaginatik plc 2011 | www.imaginatik.com
Considerable Hurdles To Overcome

Source: Managing Open Innovation in Large Firms, Henry Chesbrough, UC Berkeley and Sanine
Brunswicker, Fraunhofer Society (2013). Selected sample for US/EU firms with sales >$250MM (n=125)
14

© Imaginatik plc 2011 | www.imaginatik.com
Fix It INSIDE Before Going OUTSIDE
① Master INTERNAL innovation before going
OUTSIDE
② Many COMMON challenges







15

Change management & collaboration
Governance
Sponsorship/Ownership
Funding vehicles
Measurement
Scalability
Communications

© Imaginatik plc 2011 | www.imaginatik.com
#1 Declare an Open Innovation Strategy

16

© Imaginatik plc 2011 | www.imaginatik.com
#2 Construct the Sponsor Spine

17

© Imaginatik plc 2011 | www.imaginatik.com
#3 Solve Time Famine

18

© Imaginatik plc 2011 | www.imaginatik.com
#4 Secure A Line of Credit

19

© Imaginatik plc 2011 | www.imaginatik.com
#5 Unveil The Role of Trust

20

© Imaginatik plc 2011 | www.imaginatik.com
Key Takeaways
 Open Innovation is seeing greater adoption BUT
it is far from a smooth, repeatable process
 Organizations that master internal innovation and
link it to Open Innovation appear to have greater
success
 2014: Consider a Innovation Maturity
Assessment with deep focus on immediate
improvement areas. Leverage external expertise.
21

© Imaginatik plc 2011 | www.imaginatik.com
Intensify YOUR Personal Impact

http://bit.ly/2014ILFBoston
22

© Imaginatik plc 2011 | www.imaginatik.com

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Open Innovation Fundamentals: OIForum 2014 Speech by Luis Solis

  • 1. Walking Before Running: Mastering the Top 5 Capabilities for Successful Open Innovation Luis Solis President – North America Twitter: @innoalchemist 2.26.2014 1 © Imaginatik plc 2011 | www.imaginatik.com
  • 2. Our Agenda Today  Introduction  Adoption Paths  Fix It Inside Before Going Outside  5 Success Fundamentals  Closing Remarks / Q&A 2 © Imaginatik plc 2011 | www.imaginatik.com
  • 3. Who is Imaginatik? Imaginatik is an innovation company that assists large global organizations to identify new opportunities, create powerful ideas, and put processes in place for repeatable, sustainable innovationbased growth 3 © Imaginatik plc 2011 | www.imaginatik.com AwardWinning Innovation Software Creative Methods Powerful Analytics Expert Innovation Advisors
  • 4. Building a Sustainable Innovation Engine Innovation Disciplines 4 Focus Areas Program Design Strategy & Structure Innovation Game Plan Strategic Growth Opportunity Areas Creativity Innovation Governance Culture & Competency Enterprise Cloud Collaboration Software Ideation, Collaboration, Discovery, Analytics, Gamification & Portfolio Dashboards Outcomes Discovery and Insights Impact Ideation Innovation Leadership High performing Innovation teams Skills, Mindsets and Behaviors © Imaginatik plc 2011 | www.imaginatik.com
  • 5. Enterprise Innovation Software Platform Powering Innovation for the Organization Discovery Central Collaboration Central Decisions Space Results Engine Support breakthrough creativity in the workplace Collect ideas from everywhere, collaborate across silos Make “go forward” decisions at enterprise scale Manage and measure the entire innovation portfolio 5 © Imaginatik plc 2011 | www.imaginatik.com
  • 6. Managed Open Innovation  Challenge Design  Audience  Rewards/Rec ognitions  Selection  Award Admin 6 © Imaginatik plc 2011 | www.imaginatik.com
  • 7. Managed Open Innovation  Challenge Design  Audience  Rewards/Rec ognitions  Selection  Award Admin 7 © Imaginatik plc 2011 | www.imaginatik.com
  • 8. “Show Me The Wheat” 8 © Imaginatik plc 2011 | www.imaginatik.com
  • 9. “Show Me The Wheat” 9 © Imaginatik plc 2011 | www.imaginatik.com
  • 10. “Show Me The Wheat” 10 © Imaginatik plc 2011 | www.imaginatik.com
  • 11. “Show Me The Wheat” 11 © Imaginatik plc 2011 | www.imaginatik.com
  • 12. “Show Me The Wheat” 12 © Imaginatik plc 2011 | www.imaginatik.com
  • 13. Open Innovation Adoption No-one dropped; Interest is Up 78% Practice OI Inbound OI is 4x Outbound OI Top Outbound: JVs, Selling and Standardization Avg. Yrs: 5 Top Inbound: Co-creation, Networking & Grants Source: Managing Open Innovation in Large Firms, Henry Chesbrough, UC Berkeley and Sanine Brunswicker, Fraunhofer Society (2013). Selected sample for US/EU firms with sales >$250MM (n=125) 13 © Imaginatik plc 2011 | www.imaginatik.com
  • 14. Considerable Hurdles To Overcome Source: Managing Open Innovation in Large Firms, Henry Chesbrough, UC Berkeley and Sanine Brunswicker, Fraunhofer Society (2013). Selected sample for US/EU firms with sales >$250MM (n=125) 14 © Imaginatik plc 2011 | www.imaginatik.com
  • 15. Fix It INSIDE Before Going OUTSIDE ① Master INTERNAL innovation before going OUTSIDE ② Many COMMON challenges        15 Change management & collaboration Governance Sponsorship/Ownership Funding vehicles Measurement Scalability Communications © Imaginatik plc 2011 | www.imaginatik.com
  • 16. #1 Declare an Open Innovation Strategy 16 © Imaginatik plc 2011 | www.imaginatik.com
  • 17. #2 Construct the Sponsor Spine 17 © Imaginatik plc 2011 | www.imaginatik.com
  • 18. #3 Solve Time Famine 18 © Imaginatik plc 2011 | www.imaginatik.com
  • 19. #4 Secure A Line of Credit 19 © Imaginatik plc 2011 | www.imaginatik.com
  • 20. #5 Unveil The Role of Trust 20 © Imaginatik plc 2011 | www.imaginatik.com
  • 21. Key Takeaways  Open Innovation is seeing greater adoption BUT it is far from a smooth, repeatable process  Organizations that master internal innovation and link it to Open Innovation appear to have greater success  2014: Consider a Innovation Maturity Assessment with deep focus on immediate improvement areas. Leverage external expertise. 21 © Imaginatik plc 2011 | www.imaginatik.com
  • 22. Intensify YOUR Personal Impact http://bit.ly/2014ILFBoston 22 © Imaginatik plc 2011 | www.imaginatik.com

Editor's Notes

  1. ITERATION: Another obvious element of innovation is frequent and rapid trial and error. In innovation cultures ideas come to life quickly and are just as quickly evaluated, modified, changed, and fiddled with. Innovators tend to pivot quickly and frequently. The pivot transaction – the ability to evaluate and quickly change a strategy or tactic – is fundamental to innovation. And it is also directly dependent on trust. Absent trust, pivots are slower, iteration is sluggish, and change is hesitant.