1. Class Results Factors influencing Innovation

2. Fergusson’ killer apps
Competition
Scientific reasoning
Property rights
Medicine
The Consumer Society
The Work Ethic

3. Drucker’s sources of innovation
The unexpected (success, failure, External event)
The Incongruity, between reality as it is and how it is thought to be
Innovation based on process need, replacing a link or supplying a missing link
Changes in industry or market structure that catch everyone unawares
Demographics
Changes in perception
New knowledge

4. Drucker’s 5 principles Analysis of opportunities
Conceptual & perceptual, Look at figures/data
Simple & Focussed
Start small, on specific thing
Aims at Leadership

5. Eng office/ Killer Apps
FACTORS Influencing
Facilitates, Enables
Prevents, Barriers 1
Messing with the computer, looking for a use.
Trying to be safe
Curiosity, motivation & drive
Persistence
Possibilities Do some thing new
Not being open minded 2
Just thinking about me not the company as a whole
Strategic thinking
Understanding the problem (Be open to the improvement)
Aversion to change 3
Motivation to improve, to validate what you are doing. To keep competing to keep doing more, (3 stages to this process here)
Competition 4
Technology , Opportunity 5
Introduced objective reasoning, listener
External impartial,
Consultants
Middle Mgt blocked, most to lose? Risk bearers. 6
Strict rules (illusory constraints) 7
Insecurities, fear threat & unknown risk
Afraid to change 8
Budget (Pressure to spend or not) 9
Kept it hidden, to allow myself to take the risk, at the co.’s expense. (Better to ask for forgiveness than permission)
Pressure in the business to get the work done.
3 days! To develop those templates, & you didn’t know whether it would really work!
The freedom to take risks
Time pressure 10
No forum to review the process or change
Repeating process. 11
You might not be open to challenge to the idea, and have an irrational attachment to it.
“Not invented here” 12
Less risk
Start small, develop later 13
Not stuck in your ways so open to change, difference.
Laziness, Naivety 14
Looks risky, got a process that works.
Not familiar with the technology or process. 15
People (other) Out group 16
Benefits less important than spending (Conforming to process) 17
Psychological ownership

6. “An individual exploiting a ‘given’ opportunity taking on risk, motivated, which is developed to compete”. (Team working might make this more difficult)