of Innovation Arashdeep Singh CINE, Feb 2008

16 th Feb 2008Arashdeep Singh for CINE The first step towards improvement is knowing what is wrong - Anonymous

16 th Feb 2008Arashdeep Singh for CINE 1. Not creating a culture that supports innovation 2. Not getting buy-in and ownership from business unit managers 3. Not having a widely understood, system-wide process 4. Not allocating resources to the process 5. Not tying projects to company strategy 6. Not spending enough time / energy on the fuzzy front-end 7. Not building sufficient diversity into the process 8. Not developing criteria and metrics in advance 9. Not training and coaching innovation teams 10. Not having an idea management system The Big Ten Innovation Killers by Joyce Wycoff

16 th Feb 2008Arashdeep Singh for CINE Lack of time(60%) Inadequate R&D, design and testing (51.4%) Inadequate financial means (44.6%) Innovation too easy to copy (83.6%) Governmental bureaucracy (76.5%) Lack of government assistance (72.9%) Shortage of skilled labor (71.4%) Bank policies on credit (71.4%) Barriers to innovation for SMEs in a small less developed country by Athanasios Hadjimanolis

16 th Feb 2008Arashdeep Singh for CINE Short term focus/ focus on operations (63%) Lack of time, resources or staff (52%) Lack of systematic innovation process (33%) Leadership expects payoff sooner than is expected (31%) Management incentives not structured to reward innovation (31%) Innovation The [non] billable hour By Matt Homann

16 th Feb 2008Arashdeep Singh for CINE The Sample Gaurav Banyal, IT firm Bharat Bhamra, Manufacturing Ashish Gupta, Technical consulting Jagmal Singh, Government Service Divya Goel, Construction Ravi Banga, Doctor Ankur Khanna, Entrepreneur Iqbal Singh, ITI P Venkatesh, Education

16 th Feb 2008Arashdeep Singh for CINE Findings Lower Level – Accreditation Higher level -> External barriers Focus Lack of time Vs Short term focus Its a Process – not one time effort Strategy focus – Clueless (Histogram of Creativity) Training coaching Vs Education Stronger Disincentive (eg doctors)

16 th Feb 2008Arashdeep Singh for CINE References The Big Ten Innovation Killers and How to Keep Your Innovation System Alive and Well by Joyce Wycoff The [non] billable hour, by Matt Homan nn.html Barriers to innovation for SMEs in a small less developed country by Athanasios Hadjimanolis