7. My goal this morning is to give you:
a better, actionable definition of innovation
a process that leads to business success
some practical doâs and donâts
8. Three bad reasons to innovate
To make your product unique
To latch on to a fad
To show off your creativity
29. J.P. Johansson
⢠didnât invent the
adjustable spanner
⢠Richard Clyburn did
⢠Johansson made it
stronger and easier
to manufacture
30. Johan LundstrĂśm
⢠didnât invent the
⢠safety match
⢠JÜns Jacob Berzelius and
Gustaf Erik Pasch did
⢠LundstrÜm (with his
brother, Carl Franz)
made the product
commercially viable
31. Alfred Nobel
⢠didnât invent nitroglycerin
⢠Ascanio Sobrero did
⢠Nobel made it stable
and easy to transport
33. Nils Bohlin
⢠didnât invent the seat belt
⢠George Cayley did
⢠Bohlin made it better
through the 3-point
harness
34.
35. Niklas ZennstrĂśm (and Janus Friis)
⢠didnât invent VOIP
⢠Alon Cohen did
⢠Skype made it easy and accessible
⢠and enabled easy screen sharing
and simple teleconferencing
40. HĂśvdingâs mistakes
they replaced a problem, but didnât solve one
alternatives are not always solutions
if people wonât wear a helmet, they wonât wear a
collar
poor understanding of the true problem:
non-compliance with traffic rules not non-
compliance with Swedish laws
43. Electroluxâs mistakes
sustainability marketing myopia
asking the wrong questions of users
will people really wash less because they
pay-per-wash? NO!
is there a prestige value in owning ones
own washing machine? YES?
failure to understand inherent consumer values
failure to align socio-economic attributes with
core consumer benefits
44. Ericâs Law of Innovation #1
If an âinnovationâ does not solve
a problem, it will create one.
(this is why so many âskunkworksâ
fail so miserably)
87. Watch out if...
Your solution is only being used in your
local market
Your solution is only being used by a single
branch or industry
Your solution looks like something you also
did last week
88. Do we have a digital revolution?
Do we have disruptive innovation?
Do we need to start from scratch?
90. Ericâs Law of Innovation #7
Innovation almost always
represents the combination of
two well-known technologies to
create a new, useful synthesis.
93. My goal this morning is to give you:
a better, actionable definition of innovation
âInnovation is a planned activity that addresses a latent
or acknowledged problem, often combining two or
more well-established technologies.â
a process that leads to business success
Do your research
Identify real problems
Think about how your solution will affect
technological, social, and political issues
some practical doâs and donâts
Donât invent problems
Donât succumb to designer ego
94. âItâs amazing how much we can
accomplish when you donât care
who gets the credit.â
Harry S. Truman
95. You can (usually) find Eric at:
The FatDUX Group ApS
Strandøre 15
DK-2100 Copenhagen
Denmark
Office: (+45) 39 29 67 77
Mobil: (+45) 20 12 88 44
Twitter: @elreiss
er@fatdux.com
www.fatdux.com