LS145 Module 1 : Innovation 101
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My personal introduction into the topic of Innovation a.k.a. Innovation 101 - a definition of Innovation, Innovation 360 (all kinds of Innovation on top of the myopia of innovation being only product-related), and Innovationomics (macrotrends leading to Innovate or Die)
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LS145 Module 1 : Innovation 101
- 1. INNOVATION 101! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 2. why am i doing this ? LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 3. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 4. AN UNIMAGINATIVE CULTURE OF LOW-VALUE RECYCLING AND COPY-AND-PASTE LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 5. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 6. your daily fix of entrepreneurial ideas LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 7. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 8. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 9. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 10. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 11. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 12. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 13. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 14. $2,200 LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 15. aravind eye-care LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 16. I’m doing this because I believe that innovative enterprises can build a better Philippines INNOVATION = From Copy-and-Paste to Invent-and-Create LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 17. INNOVATION,! A DEFINITION ! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 18. a definition! The term innovation means a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organizations.! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 19. innovation is! the process of creating and delivering new customer value in the marketplace! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 20. MY POINT-OF-VIEW! innovation is! realizing new, creative insights! that deliver revolutionary value! to customers! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 21. INNOVATION IS REALIZED! IDEAS IN THEMSELVES ARE NOT YET INNOVATIONS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 22. INNOVATION IS REALIZED! UNCOMMERCIALIZED INVENTIONS ARE NOT YET INNOVATIONS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 23. INNOVATION SEEKS THE NEW! SEEK BLUE OCEANS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 24. WHERE DO YOU WANT TO COMPETE?! • a lot of competitors! • no competitors! • low margins! • high margins! • declining market! • rapidly increasing market! • boring and stable! • undefined and exciting! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 25. INNOVATION SEEKS THE NEW AND CREATIVE! NEW MARKETS! NEW PRODUCTS! NEW SOLUTIONS! NEW WAYS OF DOING THINGS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 26. INCREMENTAL VS! BREAKTHROUGH! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 27. INCREMENTAL! INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 28. BREAKTHROUGH! (REVOLUTIONARY)! INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 29. INNOVATION UNLEASHES REVOLUTIONARY VALUE! COMMODITY GOOD SERVICE EXPERIENCE 1 – 2cents 5 – 25cents 75cents to $1.50 $2 to $5 per cup per cup per cup per cup source : The Experience Economy, Pine and Gilmore LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 30. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 31. INNOVATION UNLEASHES REVOLUTIONARY VALUE! COMMODITY GOOD SERVICE EXPERIENCE 1 – 2cents 5 – 25cents 75cents to $1.50 $2 to $5 per cup per cup per cup per cup source : The Experience Economy, Pine and Gilmore LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 32. INNOVATION PRODUCTS!)! (ITʼS NOT JUST ABOUT 360! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 33. business model! manufacturing! supply chain! experience! INNOVATION 360! process! service! product! marketing & sales! packaging! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 34. MANUFACTURING INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 35. SUPPLY CHAIN INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 36. PROCESS INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 37. PACKAGING INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 38. PRODUCT INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 39. MARKETING & SALES INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 40. SERVICE INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 41. EXPERIENCE INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 42. BUSINESS MODEL INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 43. BUSINESS MODEL INNOVATION! AMAZON STARTED OUT AS THE WORLDʼS BIGGEST BOOKSTORE …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 44. BUSINESS MODEL INNOVATION! … AND RAPIDLY REDEFINED INTO NEW AREAS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 45. INNOVATION! HERE! WHAT HAPPENED | HOW WE GOT LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 46. GLOBALIZATION HAS CHANGED EVERYTHING,! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 47. … OPENING UP GLOBAL MARKETS …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 48. … FULFILLED BY GLOBAL SUPPLY CHAINS …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 49. … WITH GLOBALIZED RESEARCH & DEVELOPMENT.! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 50. BUSINESSES INCESSANTLY WANT TO GROW …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 51. … WHILE REALIZING THE INSUFFICIENCY OF JUST EFFICIENCY! ? LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 52. HYPERCOMPETITION BECOMES THE NORM, ! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 53. LEADING TO COMMODITIZATION …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 54. … AND OBSOLESCENCE VELOCITY.! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 55. TECHNOLOGY MOVES RAPIDLY …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 56. … AS IT ENTERS A GOLDEN ERA OF DEMOCRATIZATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 57. THE ELEVATOR SPEECH! GLOBALIZATION LEADING TO GLOBAL MARKETS, R&D, & SUPPLY CHAINS! +! THE PRESSURE FOR GROWTH & THE INSUFFICIENCY OF EFFICIENCY! +! HYPERCOMPETITION, COMMODITIZATION,! OBSOLESENCE VELOCITY! + TECHNOLOGY DEVELOPMENT & ITS DEMOCRATIZATION! =! THE INNOVATION IMPERATIVE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 58. THE INNOVATION! IMPERATIVE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 59. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 60. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 61. INNOVATE OR DIE! VS! VS! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 62. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 63. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 64. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 65. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 66. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 67. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 68. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 69. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 70. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 71. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 72. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 73. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 74. INNOVATIONOMICS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 75. “Innovation is the specific instrument of entrepreneurship … the act that endows resources with a new capacity to create wealth.”! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Peter Drucker! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 76. … as much as 80% GDP growth comes through the introduction of new technologies …! Robert Solow Nobel Prize Winner, Economics! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 77. “Innovation is the central issue e in economic prosperity.”! ! ! ! ! ! ! ! ! ! Michael Porter!! ! ! ! ! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 78. “Just as energy is the basis of life itself, and ideas the source of innovation, so is innovation the vital spark of all human change,! improvement and progress.”! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Ted Levitt! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 79. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 80. INNOVATION NATIONS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 81. IN LEADING EDGE INDUSTRIES! Web 2.0 NANOTECHNOLOGY! ICT! BIOTECH! LIFE SCIENCES! WEB 2.0! RENEWABLE ENERGY! HEALTHCARE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 82. FUELED BY INNOVATION ECOSYSTEMS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 83. HARNESSING TALENT THROUGH EDUCATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 84. “The key focus for the ministry of education …would be to nurture a spirit of innovation and enterprise [I&E] among our students and across our schools.”! ! ! ! ! ! ! ! ! ! ! Tharman Shanmugaratnam! ! ! ! ! ! ! ! ! ! ! Minister of Education, Singapore! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 85. THE WORLDʼS! MOST INNOVATIVE! COMPANIES! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 86. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 87. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 88. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com