Innovation for Now and for the Future. One of the important ideas that follows from managing innovation as a process is that to be successful at it, you need to manage a portfolio of different innovation initiatives. This means that you need to have a mix of incremental and radical innovation ideas. One good way of building an innovation portfolio is to use the three horizons model. The three horizons model was first published in The Alchemy of Growth by Merhdad Baghai, Stephen Coley, and David White in 1999. The fundamental idea behind the model is that we need to be thinking about innovation across three time frames. Sheldon Laube recently wrote a good post on this model as well, which included a nice visualisation of it, which apparently comes from Innovation Tournaments by Christian Terwiesch and Karl Ulrichwhich.
I have adapted it slightly here: Innovation must be linked to strategy: tools like the 3 Horizons framework are good ways to connect innovation with strategy. The tricky part in all of this is management. The Innovation Expedition by BIS Publishers. Growth Crisis of Indian IT-Part3: 5 Benefits of ‘PASS Intrapreneurship’ for Global R&D Centers (and IT Service Providers) | Middle Management Insights.
I spoke about the crisis of service organizations in R&D space – especially in Indian IT context. Also wrote about innovation and new business efforts and why they are not working. Now, it is the time to see what is possible. As mentioned, there is over-supply of senior employees and the numbers keep adding. The idea is to create “start-up capsules” within the organization. Structure – PASS capsule: It is a “start-up capsule”. It is not independent ship. The Key Elements: PASS (‘P’roduct manager + ‘A’rchitect + ‘S’ales person + ‘S’eed fund & resources) model involves all the core elements required to make the idea work.
Create a self contained capsule out of the 4 elements. Product manager – Define: Owns business plan, product features and the target market segment. Funding:The organization can provide the seed fund.The senior employees in focus can be offered part of their current salary only. The advantages of this structure over current innovation management mechanisms: Advantages: 1. 2. Ideas for our World. Driven by a Dream An alumnus of JNU, The Fletcher School, ISS at The Hague, the Kennedy School and EDHEC, France with education in economics, political economy of development, international affairs, government of science and business management, Satish Jha has been learning with a dream to see India contribute at the apex of its potential. After teaching at the Indian Institute of a Public Administration (IIPA) and the Administrative Staff College of India (ASCI) Hyderabad, he joined the Indian Express Group to head the Research Bureau of The Financial Express, co-founded Janasatta, a national Hindi Daily noted for its pathbreaking journalism in both style and content and was appointed to lead the prestigious weekly Dinamaan of The Times of India Group as the youngest national editor at the time.
Driven by Excellence He started his career with Bisquare Systems, a design and technology consultant, that designed consumer electronic products and encryption technologies. Driven by a Vision Mr. Do it with design. National Institute of Design’s annual Design Summit exhibited winner products. Take for instance, ECCODiva, which is not just an ordinary flash light, but a multipurpose light designed to cater to those who have limited or irregular access to other forms of electricity. Designed by Lemon, it can get charged by solar energy or a minimal power supply of 90V to give battery back up of up to 250 hours and charge mobile phones. “It was introduced two years ago to people in Ladakh and other rural areas across the country. The product is customised for women working at home, children and men out in fields at night,” says Dipendra Baoni, managing director of Lemon. “We believe design must solve real life problems. Duroware Tongue care is another designer product that made the mark.
India Design Mark 2012 for good design products and CII Design Excellence award 2012 winning products were on display at the 12th two-day NID Design Summit. Innovation for Now and for the Future. How to Manage Innovation. 10 Insights to Be an Effective Innovator. <![CDATA[Everyday Entrepreneurs - a blog on entrepreneurship, taxation, marketing, legal issues, Indian entrepreneurs, startups, funding, venture capital, and company incorporation and registration]]>
When I started the company, I had absolutely no idea on how to provide consulting services, let alone run a business. A lot of people gave us a lot of good advice, and I thought I would list out the more unconventional pieces of advice we received, and immensely benefited from: Never lose goodwill (Dad): My Dad's always been a big proponent of goodwill. I usually am quick off the handle, but he's always stressed the importance of ensuring that any disagreements are handled such that at the end you can always shake hands and walk away without leaving a bad taste. I've tried to adopt this approach with clients, partners and employees, and it's turned out quite well. For instance, on one particular consulting assignment, things unfortunately got very heated up between us and the head of the department we were working with. But later that day, I went around and apologized, and he was more than willing to apologize as well.