This document summarizes a presentation on innovation management. The presentation was given by Stanley Ng on August 27, 2016 at Product Camp. Ng has over 25 years of experience in technology and business management. He discussed what innovation is, different types of innovation, and frameworks for facilitating innovation within an organization. He presented an innovation enablement framework focusing on people, process, platform, and purpose. Ng also introduced an innovation stage-gate funnel model for managing the ideation, development, assessment, and selection of innovation ideas.

1. INNOVATION MANAGEMENT:
How Others Can Innovate With You?
Co-presented by: Progreso Training Pte. Ltd.
Name of Presenter: Stanley Ng (CPM, CPMM, PMP)
Product Camp
27 Aug 2016

2. Biodata – Stanley Ng
 I help entrepreneurs and business people
take decisive action so they can take their
greatest work into the world
 > 25 years experience in Technology and
Business Management
 Certified Product Management and Product
Marketing Trainer by Association of
International Product Management and
Marketing, U.S.A.
 WSQ Dip. Adult & Continuing Education
 WSQ Advanced Certificate in Training and
Assessment
 Project Management Professional (PMP), PMI
U.S.A.
 Bachelors in Business Administration in
Management Information Systems
 Entrepreneur, Business Advisor and master
trainer

4. What Is Innovation?

5. Who?

13. Why?
 Differentiate
 Out-compete
 New markets
 Benefit customers
 Enrich employees
 Align with organisation values
Source: http://www.quote-coyote.com/quotes/authors/j/steve-jobs/quote-2923.html

14. The Innovation Landscape
Breakthrough
Innovation
Business
Innovation

15. Where?

16. Source: Evan Shellshear, InnovationExcellence.com

17. Ad-Supported
Provide content or
services for free while
selling eyeballs to
another party
Bundled Pricing
Sell in a single
transaction 2 or more
items that could be
sold individually
Flexible Pricing
Vary pricing base on
demand
Freemium
Offer basic services
for free while
charging a premium
for advanced or
special features
Licensing
Grant permission to a
group or individual to
use your offering in a
defined way for a
specified payment
Membership
Charge a time based
payment to allow
access to locations,
offerings or services that
non-member do not
have
Subscription
Create predictable
cash flows by charging
customers upfront (one
time or recurring fee) to
have access to product
over time
Float
Receive payment prior
to building the offering,
earn interest on that
money prior to delivery
the goods
Facilitating Innovation

18. Facilitating Innovation

20. Innovation Enablement Framework
People Process Platform Purpose
• Knowledge
• Skills
• Attitude
• Engage
• Build
• Support
• Manage
• Track
• Report
• Culture
• Metrics
• Incentives
Copyright 2016 Stanley Ng / Progreso Training Pte Ltd

21. Innovation Stage-Gate Funnel
1 2 3 4
Ideate Develop AssessRefine Select
Customer
Ideas
Employee
Ideas
Ideate, vote and comment.
Select ideas to move
forward
Assign teams to
selected ideas to
build business
case / feasibility
proposal
Assess proposals for
costs and benefits,
rank proposals
based on ROI
Refine ideas by
testing and validating
assumptions and
benefits
Best ideas are
selected for
implementation
and tracked for
results
Vote on ideas,
comment, improve,
validate,
challenge,
score
Merge ideas,
select ideas based
on Go, Drop, KIV,
Recycle
Key stakeholders
to set criteria to
assess potential
Budget, assign
project team to
Implement
selected ideas
Copyright 2016 Stanley Ng / Progreso Training Pte Ltd

22. Innovation /
Ideation

23. Source: http://christchurchreformed.com/how-to-stop-copying-and-start-innovating/

24. • Product Management Workshop:
Positioning Your Product For Success
• Product Management Workshop:
Building a Business Case For Your Product
• Innovation Management Workshop:
Now, Every Company Can Innovate!
• Innovation Management Workshop:
How Others Can Innovate With You?
Product & Marketing Management Training
• Certified Product Manager® (CPM® )
• Certified Product Marketing Manager® (CPMM® )
• Certified Brand Manager® (CBM® )
• Introduction to Product Management
• Essentials of Product Management
• Practical Agile for Product Management
• AIPMM CPM Exam Prep Workshop
• Product Marketing For Professionals
• Financial Fundamental For Product Marketers
• Stakeholder Management for Product Managers
• Marketing Mixed Modeling
• Market Intelligence
• Analytics & Customer Portfolio Management www.progreso.training