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Detecon Inc. - Innovation in practice - Stefan Wilhelm

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Detecon Inc. - Innovation in practice - Stefan Wilhelm

  1. 1. INNOVATION in practice. Success factors of Silicon Valley companies Stefan Wilhelm – Detecon Inc.
  2. 2. 2 The innovation point is the pivotal moment when talented and motivated people seek the opportunity to act on their ideas and dreams. “ ” W. Arthur Porter INNOVATION CULTURE
  3. 3. 3 INNOVATION $ Idea GOOD VALUE PAY The process of translating an idea into a product or service that creates value and satisfies a specific need for which customers will pay.
  4. 4. 4 +202% better performance in companies with mission driven employees +37% higher sales thanks to satisfied employees +31% higher productivity thanks to satisfied employees x3 more creativity displayed by satisfied employees +56% market share gained by companies providing best in class customer experience (CX) 69% of the surveyed employees state that innovation processes are more efficient by applying agile methods INNOVATION IMPACT Source: Harvard Business Review (2015); Chatroop, Lisa (2013); DMI (2015); Hasso Plattner Institute & Schmidgen, Jan (2015); Help, Scout (2012)
  5. 5. 5 Overall establishment of New Work: Employer attractiveness correlates with: Creative Workspaces: Democratic leadership culture: Fast decision processes: 0,25 0,24 0,21 0,27 Overall establishment of New Work: Revenue correlates with: Fast decision processes: Democratic leadership culture: Creative workspaces: 0,27 0,26 0,22 0,24 Overall establishment of New Work: Employee fluctuation correlates with: Democratic leadership culture: Fast decision processes: Home-office: – 0,25 – 0,22 – 0,23 – 0,24 Overall establishment of New Work: Democratic leadership culture: Fast decision processes: Flexible hours: 0,37 0,36 0,30 0,36 Employee satisfaction correlates with:
  6. 6. 6 If innovation, satisfied employees, and business success go hand in hand, how can corporations get there? “
  7. 7. 7 STRATEGY LEADERSHIP TEAM ORGANIZATION PROCESSES MINDSET & VALUES Structural Elements Personnel elements INNOVATION CULTURE BUILDING BLOCKS
  8. 8. 8 CREATIVITY ENTREPRENEURIAL LEARNING
  9. 9. 9 THINK STRATEGICALLY & BEHAVE COURAGEOUSLY EXPLOIT CORE BUSINESS & EXPLORE NEW OPPORTUNITIES
  10. 10. 10  Target setting, planning and budgeting  Analytical segmenting & combining  Staffing and determination of responsibilities  Performance management  Problem solving after a failure  Support and interest in others  Communication through words and actions  Motivation, inspiration, empathy, role model  Strengthening organizational culture  Building teams and coalition LEADERSHIP INSPIRATION MANAGEMENT FUNCTIONING
  11. 11. 11 What do LEADERS have to CHANGE?  Different FAILURE CULTURE  Different INCENTIVE SYSTEM for leaders  No COMMAND & CONTROL  Focus on CREATIVITY & EMPOWERMENT  Building up MISSION
  12. 12. 12 Top 10 Skills Source: Future of Jobs Report, Word Economic Forum, 2016
  13. 13. 13 “We are a culture of builders – the power is in your hands. We’re less afraid of making mistakes than we are of losing opportunities by moving too slowly.” Source: facebook forbes, business insider
  14. 14. 14 “We want to understand what works here rather than what worked at any other organization.”
  15. 15. 15 “The stronger the culture, the less corporate process a company needs. When the culture is strong, you can trust everyone to do the right thing. People can be independent and autonomous. They can be entrepreneurial.“
  16. 16. 16 “Employees are mature and fully grown adults. So we leave decisions to their responsibility” “Adequate performances get a generous severance package. We don’t measure people by how many hours they work […] We do care about accomplishing great work“
  17. 17. 17 “We provide our people with lots of responsibilities and trust. It’s okay and safe to fail, but you have to learn from it. If you make the same mistake twice, that might be a potential sign that you’re not developing yourself enough.”
  18. 18. 18 AGILE TARGET MANAGEMENT FAST COMMUNICATION EFFICIENT LEARNING OKRs TEAM CHAT eLEARNING POWER OF TOOLS
  19. 19. 19 Connect with us! The Detecon Innovation Institute is the Think Tank of Detecon International and is based in the largest start-up and innovation eco-system of the world; the Silicon Valley. Facebook Xing YouTube Twitter Instagram LinkedIn

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