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Industry Forum 2014 Melbourne24 October 2014
Innovating In The Health & Fitness Industry
@bryankorourke1
19842
Invention X Commercialization 3
@bryankorourke
INNOVATIONLatin innovatus “Make Change In Something Established”
#FAForum14
Most Can’t Even Describe Their Business Model
Business ModelInnovation
@BrianSolis5
#FAForum14
AN ERA OF CREATIVE DESTRUCTION6
87%Fortune 500 1955 - 2011 Disappeared
7
70%
http://politicsir.cass.anu.edu.au/polls-and-surveys/anupoll
Australian’s Who Thought Their Lives Would NOT Be Better In 5 Years
Hope : Every Deep Crisis Creates A Major Opportunity
#FAForum14
9The Future Is Bright For Innovators
10@PeterdiamandisAbundance
#FAForum14
INNOVATION GROWS MARKETS11
DEATH OF THE MUSIC INDUSTRY12
MP31987 Dieter Seitzer and Karlheinz Brandenburg #FAForum14
13300% Music Industry Growth 2000-2010
14
Globalism
WE MUST ACCEPT THINGS ARE DIFFERENT
Consumers
CHANGETechnology
GLOBALISM 15
@bryankorourke
#FAForum14
2.5B Join Middle Class By 202716
@bryankorourke
88%2016 World Population
In Emerging Markets
CONSUMER CHOICE17
@bryankorourke
Information Ubiquity
18Consumer Influence #SocialTrends
@bryankorourke #FutureofFitness
TECHNOLOGYthe biggest driver of change
@bryankorourke INNOVATION
#FutureofFitness
21
Technologies Influence
INTERACTION AND ENTERTAINMENT22
New Technologies
NEW FORMS OF CARDIO 23
New Technologies
@bryankorourke
EMBEDED TECHNOLOGY24
EXPERIENCE VS UTILITY 25
@bryankorourke
BIFURCATION
BUSINESS MODEL
26QUANTIFIED SELF MOVEMENT
Technologies Influence #BioSensing
27Vast Rapid Technology Advancements
28485,000,000
Shipped By 2018 - 60% Health & Fitness
ABI Research 2013
WEARABLES
Networked Health Is Here
29Fragmentation Inside & Outside
Lactate Threshold Sensor
30Wide Ranging Technology Advancements
Technologies Influence
31Wellness
KINSEOWEAR | EXOSKELETONS 32
@bryankorourkeLow Cost, Powerful Tools and Platforms
CLOUD COMPUTING 33
@bryankorourkeMore Powerful, Less Expensive
34BIG DATA AND AI
A REVOLUTION IN INSIGHTSAND CUSTOMIZATION
BIG DATA & LEARNING MACHINES
Improving The Health Of Humanity and Our Planet Are The Most Significant
Opportunities In History
WHAT DOES THE FUTURE HOLD ?37
GIVEN THESE TRENDS
SIGNIFICANT OPPORTUNITIES38
PRIMARY PREVENTION CARE
39@bryankorourke
We Can Be A Part Of The Solution
The Same Forces Reshaping Health And Fitness Are Reshaping Sick Care
Global Industry Growth Could Exceed300% In The Next Decade
500,000,000
VAST COMPETITIVE LANDSCAPE41
PRIMARY PREVENTION CARE
S CURVE- REINVENTION & FRAGMENTATION
42@bryankorourke
New Era : Micro GymLow Cost
DigitalWellness
Medically Integrated
HEALTH CLUB - FITNESS INDUSTRY
CHANGE DRIVING
INNOVATION REQUIRES LEADERSHIP 43
@bryankorourke
BUSINESS STRATEGYWhere Are You Now ? Where Are You Going ?How Will You Get There ?
HOW DO WE INNOVATE?
45
Where Are You Now ? Manage The Present
How Will You Get There ? Selectively Forget The Past
Where Are You Going ? Create The Future
SHIFT THE FOCUS
PLAN TO LEARN@RGMcGrath
Innovation Process
DELIGHT THE CUSTOMER
PREPARE FOR A JOURNEY
Team | Forget | Methodology
@RGMcGrath
Vijay Govindarajan@vgovindarajan
New Methodology
http://businessmodelgeneration.com
55 Business Models
http://www.amazon.de/Business-Model-Navigator-Models-Revolutionise/dp/1292065818/
90% Of All Business Model Innovations Are
Recombinations.
Ideate
What Can We Learn ?crowdsourcing
What Can We Learn ?zero cost
IntegrationExecution
OUTSTANDING INNOVATORS
A New Era Of Outstanding Innovation
58
@RIngerslevRasmus Ingerslev
59
http://instagram.com/kellysweeney22Kelly Sweeney
60
@BrianMWangBrian Wang
61
@PhillipsMillsCEOPhillip Mills
62
@PeterdiamandisAbundance
@DaveMortensenAF
Chuck Runyon
Dave Mortensen
@ChuckRunyon
63
Lauretta Stace@LaurettaStace
#FAForum14
64@PeterdiamandisAbundance
65
@GaryVeeGary Vaynerchuk
Outstanding At Challenging Assumptions 66
@bryankorourke
NEW MINDSETS
67
“The best way to predict the futureis to create it” - Peter Drucker
WE CAN CREATE THIS FUTURE68
@bryankorourke
ERAA NEW
OF GROWTH
@bryankorourke | [email protected] content available bryankorourke.com
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