Change and innovation in organizations requires embracing uncertainty, focusing on the future market, and empowering individuals. Successful companies encourage innovation through open collaboration, sustaining improvements to existing products and services, and taking risks with disruptive innovations that create new markets and displace earlier solutions. Thriving in changing environments involves making decisions that support an innovative culture, people, and vision.

2. Change & Innovation
Belinda Waldock

3. Change

5. “A startup is a human institution
designed to create a new
product or service under
conditions of extreme
uncertainty”
Eric Ries – The Lean Startup

6. market
culture people competition
s
environment
structure plan customers social
legal
political
services products vision economic
technical

7. What’s
changed?

9. making decisions

10. Innovation

11. Innovation differs from improvement in
that innovation refers to the notion of
doing something different rather than
doing the same thing better Wikipedia

12. Disruptive innovation improves a
product or service in ways that the
market does not expect
It creates new markets and value
eventually displacing earlier solutions

13. Sustaining innovation evolves
existing markets with better value

14. Automobile – innovation
Model T Ford – disruptive innovation
Toyota – sustaining innovation

15. Open innovation
"Innovating with partners by sharing
risk and sharing reward"

16. User Innovation

19. Innovative companies..
future market focus
embrace change
tolerance for risk
encourage innovation activities
empower individuals

20. Wouldn’t it be
great if..