Innovation Time! By David Chou @dchou1107

CIO Roles Which one are you? Buying Turnaround Integration Status Quo

Proactive Incremental Transformational Reactive Cautious Adopters (50%) Market Leaders (5%) Can we quantify the market demand? Can we wait for this to commoditize? Is this more than a trend? What type of integration is required? Are there security and safety risks? Can we transform our business models? What outcomes can we transform? How do we go to market first with this? How do we make this easy to consume? Will this truly differentiate our offerings? Incremental Transformational Do we really need to disrupt our business? Will customers really want this? How long can we wait for commoditization? How much longer can we put this off? Has the trend moved beyond mainstream? What happens if our competition goes first? How long can we wait to adopt? Can we learn from first mover mistakes? How do we scale this faster and cheaper? Do we really need to do this? Laggards (30%) Fast Followers (15%) Reactive

Most CIO’s would rather focus on innovation and intelligence

However, 37% of CIOs focused on cost reduction

Steps To Think About

Where Are Your Best Innovators? Many of your best innovators are probably invisible to you. They are generally not your top performers, may be new to the organization, and could be cultural outliers.

People Know What They Want, Just Ask Them You might think that the surest way to know what people want is to ask them. In reality, people are unreliable at knowing what they want.

The Value of a Good Idea Is Self-evident New ideas do not sell themselves, and the best ideas often start off looking stupid.

Big Problems Require Big Solutions