A version of the talks that I did for the Australian Industry Group Breakfasts in Brisbane, Sydney, Melbourne and Adelaide

1. Issues in Innovation Leadership April 2010 Australian Industry Group Breakfast Series Dr Tim Kastelle

6. Why this…

7. … not this? (photo: flickr/Martin Charbonneau Photographe

8. <1> Invention is not Innovation

9. Innovation Executing a new idea that has economic value

10. Invented: 1823 Built: 1998 Sold: Never

11. Invented: 1968 Built: 1974 Sold: 1981

12. Invented: 23 times before Edison!

13. So why do we say that Edison invented the light bulb?

15. <2> Innovation is More Than Just New Products

16. Innovation is More than Just New Products “(Economic) development in our sense is then defined by the carrying out of new combinations” J.A. Schumpeter (1912) The Theory of Economic Development

17. Schumpeter’s Forms of Innovation The introduction of a new good, or a new quality of good (or service) Introduction of a new method of production The opening of a new market Developing a new source of supply Changing the structure of an industry

18. Business Model Innovation – Critical but Overlooked Source: Open Innovation by Henry Chesbrough

19. Source: Boston Consulting Group: Business Model Innovation: When the Game Gets Tough, Change the Game

21. Better Place – Electric Cars

22. <3> Innovation is a Process

23. The Innovation Value Chain Source: Hanson & Birkinshaw: The Innovation Value Chain – Harvard Business Review

24. Actual Organisations

25. To Lead Innovation: Understand the difference between Invention and Innovation Innovation is not just new products – try to think of other forms of innovation (especially business model innovation) Manage Innovation as a process, not an event

26. Thank you! timkastelle.org/blog/