SlideShare ist ein Scribd-Unternehmen logo
1 von 18
COMMERCIALIZING INVENTIVENESS™

©2012

www.reinventioninc.com

chicago • coronado

312.635.1350 • 619.342.4411
page 1
COMMERCIALIZING INVENTIVENESS™

Ten Ways to Make Anything MORE INNOVATIVE
simplify it

make it more
intuitive

speed it up

extend the
experience

make it
beautiful

socialize it

add emotion

enhance the
quality

make it
indispensable

make it
radically new

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page
page 22
COMMERCIALIZING INVENTIVENESS™

How to REINVENT AND DISRUPT Your Business Model

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page
page 33
COMMERCIALIZING INVENTIVENESS™

A Front End of Innovation TOOLKIT
openers
•
•
•
•
•
•

Photo Intro
Keychain Intro
Your Innovation
Sequence Game
Mix it Up
Trash Can

brainstorming
games &
software
•
•
•
•
•
•
•

Free the genie
Knowbrainer
Innovative Whack
IDEO cards
Metaforio
CREAX
Flashbrainer

©2012

energizers
• Horse Race
• Swing to the
Beat
• In Touch

closers
• Appreciations
and Compliments

online
brainstorming
• Ideagenerator
• RE:INVENTION
Blueprint

idea
generators
•
•
•
•
•
•
•
•

Customer Friction
SCAMPER
Flower Association
Biomimicry
Comic Book Hero
Silly Things
WWAD?
Trends Dance

TRIZ

SIT

• The Theory of
Inventive Problem
Solving and its 40
Principles

• An Israeli
systematic ideation
and problem
solving technique

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

idea
selectors
•
•
•
•
•
•

Pinpoint Directions
With Ketchup?
Salt N Pepper
Pros & Cons
Multi-Criteria
My Valentine

six thinking
hats
• Try On Different
Hats -- A Technique
Developed by
Edward de Bono

312.635.1350 • 619.342.4411
page 4
COMMERCIALIZING INVENTIVENESS™

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page
page 55
COMMERCIALIZING INVENTIVENESS™

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page
page 66
COMMERCIALIZING INVENTIVENESS™

Ten GUIDING PRINCIPLES of Everyday Inventive Companies

HOW TO BUILD AN EVERYDAY INVENTIVE AND REINVENTIVE COMPANY.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page
page 77
COMMERCIALIZING INVENTIVENESS™

1. ADAPT AND EMBRACE CHANGE

Simplification, reinvention, change-ups, subtle
pivots, improvising, initiative, and incremental
continuous improvements can all drive value
and long term growth. Change is a force of
possibility. Taking small steps every day can
achieve big goals and sustain progress.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page
page 88
COMMERCIALIZING INVENTIVENESS™

2. DELIGHT CUSTOMERS (AND NON-CUSTOMERS)

Engage with them, collaborate with them, listen
to them, build their trust and lifetime loyalty.
Obsessively mine knowledge about your
customers – even non-customers – until you
develop broad and deep insights. Then give
them what they don’t yet know they need.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page
page 99
COMMERCIALIZING INVENTIVENESS™

3. PRIORITIZE YOUR PEOPLE

Employees are as important (if not more
important) than your customers. Employee
engagement leads to productivity gains. And
great employee experiences drive great
customer experiences.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page 10
page 10
COMMERCIALIZING INVENTIVENESS™

4. PROMOTE DIVERSITY

Diverse teams solve problems more creatively
than homogeneous teams. Diversity delivers
competitive advantage and encourages nonconventional thinking. Gender diversity, ethnic
diversity, age diversity, diversity of experiences
and perspective. In addition to promoting team
diversity, you need knowledge of diversity issues
in a global context. Think globally.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page 11
page 11
COMMERCIALIZING INVENTIVENESS™

5. MINE AND LEVERAGE HIDDEN ASSETS

Using what you've got in unexpected ways
delivers surprise utility. Look beyond the
obvious. Consider resurrecting ideas that were
once tabled. What hasn't worked in the past
may very well work now.
A Bain & Company study found that 9 out of 10
companies that revived growth after a
downturn did so by mining hidden assets.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page 12
page 12
COMMERCIALIZING INVENTIVENESS™

6. ENCOURAGE EXPERIMENTATION AND A CULTURE OF PLAY

Invite imagination, inspire questions, and
reward/incentivize both success and failure.
Encourage internal cross-functional
collaboration, productive friction, good-spirited
competition, and creative destruction –
punishing only inaction.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page 13
page 13
COMMERCIALIZING INVENTIVENESS™

7. COLLABORATE EXTERNALLY AND BRIDGE BOUNDARIES

Open ethos cross-industry collaboration -partnerships, alliances and coalitions -- can
create favorable opportunities and sustainable
advantage. Successful companies don't just
reconstruct boundaries, they bridge them.
A 2009 Duke University study funded by the
National Science Foundation found that smaller
companies, in particular, can dramatically
increase their innovation competence through
external collaboration -- enabling them to even
outperform their strongest and largest
competitors.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page 14
page 14
COMMERCIALIZING INVENTIVENESS™

8. RESIST RIGID PROCESSES/METHODOLOGIES

Inject planning and discipline without locking
into or mandating ridged processes and
methodologies. By using agile/responsive
approaches and flexible/adaptive frameworks,
you inspire practical solution finding from the
bottom ranks of the organization up.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page 15
page 15
COMMERCIALIZING INVENTIVENESS™

9. PLACE LOTS OF LITTLE BETS THEN DOUBLE DOWN

Be comfortable with uncertainty and adopt
Darwinism when faced with risk. Track, monitor,
and measure. Summarize progress. Then
advance what adds value, discarding or tabling
the rest.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page 16
page 16
COMMERCIALIZING INVENTIVENESS™

10. AVOID RELYING ON ONE IDEA OR STRATEGY

Don't go "all-in" on one idea. Sustained growth
requires a balanced portfolio of strategies and
the management capabilities to implement
them.

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page 17
page 17
COMMERCIALIZING INVENTIVENESS™

Is Your Company Innovative? Take Our DIAGNOSTIC TEST.

Is your company's CHECK ENGINE light on?

Take RE:INVENTION’s diagnostic test now!
GET YOUR SCORE

©2012

www.reinventioninc.com

©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411

chicago • coronado

312.635.1350 • 619.342.4411
page 18
page 18

Weitere ähnliche Inhalte

Kürzlich hochgeladen

Entrepreneurial ecosystem- Wider context
Entrepreneurial ecosystem- Wider contextEntrepreneurial ecosystem- Wider context
Entrepreneurial ecosystem- Wider contextP&CO
 
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Aggregage
 
Neha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and CareerNeha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and Careerr98588472
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...SOFTTECHHUB
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAScathy664059
 
Darshan Hiranandani (Son of Niranjan Hiranandani).pdf
Darshan Hiranandani (Son of Niranjan Hiranandani).pdfDarshan Hiranandani (Son of Niranjan Hiranandani).pdf
Darshan Hiranandani (Son of Niranjan Hiranandani).pdfShashank Mehta
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...Hector Del Castillo, CPM, CPMM
 
Onemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
Onemonitar Android Spy App Features: Explore Advanced Monitoring CapabilitiesOnemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
Onemonitar Android Spy App Features: Explore Advanced Monitoring CapabilitiesOne Monitar
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxRich Reba
 
Types of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdfTypes of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdfASGITConsulting
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsIndiaMART InterMESH Limited
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfJamesConcepcion7
 
How to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHow to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHelp Desk Migration
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers referencessuser2c065e
 
Paul Turovsky - Real Estate Professional
Paul Turovsky - Real Estate ProfessionalPaul Turovsky - Real Estate Professional
Paul Turovsky - Real Estate ProfessionalPaul Turovsky
 
Simplify Your Funding: Quick and Easy Business Loans
Simplify Your Funding: Quick and Easy Business LoansSimplify Your Funding: Quick and Easy Business Loans
Simplify Your Funding: Quick and Easy Business LoansNugget Global
 

Kürzlich hochgeladen (20)

WAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdfWAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdf
 
Entrepreneurial ecosystem- Wider context
Entrepreneurial ecosystem- Wider contextEntrepreneurial ecosystem- Wider context
Entrepreneurial ecosystem- Wider context
 
Authentically Social - presented by Corey Perlman
Authentically Social - presented by Corey PerlmanAuthentically Social - presented by Corey Perlman
Authentically Social - presented by Corey Perlman
 
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
 
Neha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and CareerNeha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and Career
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
 
Toyota and Seven Parts Storage Techniques
Toyota and Seven Parts Storage TechniquesToyota and Seven Parts Storage Techniques
Toyota and Seven Parts Storage Techniques
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAS
 
Darshan Hiranandani (Son of Niranjan Hiranandani).pdf
Darshan Hiranandani (Son of Niranjan Hiranandani).pdfDarshan Hiranandani (Son of Niranjan Hiranandani).pdf
Darshan Hiranandani (Son of Niranjan Hiranandani).pdf
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
 
Onemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
Onemonitar Android Spy App Features: Explore Advanced Monitoring CapabilitiesOnemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
Onemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptx
 
Types of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdfTypes of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdf
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan Dynamics
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdf
 
How to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHow to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your Business
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers reference
 
Paul Turovsky - Real Estate Professional
Paul Turovsky - Real Estate ProfessionalPaul Turovsky - Real Estate Professional
Paul Turovsky - Real Estate Professional
 
Simplify Your Funding: Quick and Easy Business Loans
Simplify Your Funding: Quick and Easy Business LoansSimplify Your Funding: Quick and Easy Business Loans
Simplify Your Funding: Quick and Easy Business Loans
 

How to Be More Innovative in 2014

  • 2. COMMERCIALIZING INVENTIVENESS™ Ten Ways to Make Anything MORE INNOVATIVE simplify it make it more intuitive speed it up extend the experience make it beautiful socialize it add emotion enhance the quality make it indispensable make it radically new ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page page 22
  • 3. COMMERCIALIZING INVENTIVENESS™ How to REINVENT AND DISRUPT Your Business Model ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page page 33
  • 4. COMMERCIALIZING INVENTIVENESS™ A Front End of Innovation TOOLKIT openers • • • • • • Photo Intro Keychain Intro Your Innovation Sequence Game Mix it Up Trash Can brainstorming games & software • • • • • • • Free the genie Knowbrainer Innovative Whack IDEO cards Metaforio CREAX Flashbrainer ©2012 energizers • Horse Race • Swing to the Beat • In Touch closers • Appreciations and Compliments online brainstorming • Ideagenerator • RE:INVENTION Blueprint idea generators • • • • • • • • Customer Friction SCAMPER Flower Association Biomimicry Comic Book Hero Silly Things WWAD? Trends Dance TRIZ SIT • The Theory of Inventive Problem Solving and its 40 Principles • An Israeli systematic ideation and problem solving technique www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado idea selectors • • • • • • Pinpoint Directions With Ketchup? Salt N Pepper Pros & Cons Multi-Criteria My Valentine six thinking hats • Try On Different Hats -- A Technique Developed by Edward de Bono 312.635.1350 • 619.342.4411 page 4
  • 5. COMMERCIALIZING INVENTIVENESS™ ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page page 55
  • 6. COMMERCIALIZING INVENTIVENESS™ ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page page 66
  • 7. COMMERCIALIZING INVENTIVENESS™ Ten GUIDING PRINCIPLES of Everyday Inventive Companies HOW TO BUILD AN EVERYDAY INVENTIVE AND REINVENTIVE COMPANY. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page page 77
  • 8. COMMERCIALIZING INVENTIVENESS™ 1. ADAPT AND EMBRACE CHANGE Simplification, reinvention, change-ups, subtle pivots, improvising, initiative, and incremental continuous improvements can all drive value and long term growth. Change is a force of possibility. Taking small steps every day can achieve big goals and sustain progress. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page page 88
  • 9. COMMERCIALIZING INVENTIVENESS™ 2. DELIGHT CUSTOMERS (AND NON-CUSTOMERS) Engage with them, collaborate with them, listen to them, build their trust and lifetime loyalty. Obsessively mine knowledge about your customers – even non-customers – until you develop broad and deep insights. Then give them what they don’t yet know they need. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page page 99
  • 10. COMMERCIALIZING INVENTIVENESS™ 3. PRIORITIZE YOUR PEOPLE Employees are as important (if not more important) than your customers. Employee engagement leads to productivity gains. And great employee experiences drive great customer experiences. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page 10 page 10
  • 11. COMMERCIALIZING INVENTIVENESS™ 4. PROMOTE DIVERSITY Diverse teams solve problems more creatively than homogeneous teams. Diversity delivers competitive advantage and encourages nonconventional thinking. Gender diversity, ethnic diversity, age diversity, diversity of experiences and perspective. In addition to promoting team diversity, you need knowledge of diversity issues in a global context. Think globally. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page 11 page 11
  • 12. COMMERCIALIZING INVENTIVENESS™ 5. MINE AND LEVERAGE HIDDEN ASSETS Using what you've got in unexpected ways delivers surprise utility. Look beyond the obvious. Consider resurrecting ideas that were once tabled. What hasn't worked in the past may very well work now. A Bain & Company study found that 9 out of 10 companies that revived growth after a downturn did so by mining hidden assets. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page 12 page 12
  • 13. COMMERCIALIZING INVENTIVENESS™ 6. ENCOURAGE EXPERIMENTATION AND A CULTURE OF PLAY Invite imagination, inspire questions, and reward/incentivize both success and failure. Encourage internal cross-functional collaboration, productive friction, good-spirited competition, and creative destruction – punishing only inaction. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page 13 page 13
  • 14. COMMERCIALIZING INVENTIVENESS™ 7. COLLABORATE EXTERNALLY AND BRIDGE BOUNDARIES Open ethos cross-industry collaboration -partnerships, alliances and coalitions -- can create favorable opportunities and sustainable advantage. Successful companies don't just reconstruct boundaries, they bridge them. A 2009 Duke University study funded by the National Science Foundation found that smaller companies, in particular, can dramatically increase their innovation competence through external collaboration -- enabling them to even outperform their strongest and largest competitors. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page 14 page 14
  • 15. COMMERCIALIZING INVENTIVENESS™ 8. RESIST RIGID PROCESSES/METHODOLOGIES Inject planning and discipline without locking into or mandating ridged processes and methodologies. By using agile/responsive approaches and flexible/adaptive frameworks, you inspire practical solution finding from the bottom ranks of the organization up. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page 15 page 15
  • 16. COMMERCIALIZING INVENTIVENESS™ 9. PLACE LOTS OF LITTLE BETS THEN DOUBLE DOWN Be comfortable with uncertainty and adopt Darwinism when faced with risk. Track, monitor, and measure. Summarize progress. Then advance what adds value, discarding or tabling the rest. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page 16 page 16
  • 17. COMMERCIALIZING INVENTIVENESS™ 10. AVOID RELYING ON ONE IDEA OR STRATEGY Don't go "all-in" on one idea. Sustained growth requires a balanced portfolio of strategies and the management capabilities to implement them. ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page 17 page 17
  • 18. COMMERCIALIZING INVENTIVENESS™ Is Your Company Innovative? Take Our DIAGNOSTIC TEST. Is your company's CHECK ENGINE light on? Take RE:INVENTION’s diagnostic test now! GET YOUR SCORE ©2012 www.reinventioninc.com ©2013 RE:INVENTION, inc. | www.reinventioninc.com | chicago • coronado | 312.635.1350 • 619.342.4411 chicago • coronado 312.635.1350 • 619.342.4411 page 18 page 18