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Human Capital and the Innovation Ecosystem
Dr. Abhijit BhattacharyaDirector,Centre for Entrepreneurship & InnovationArthur Lok Jack Graduate School of Business
Cracking the code of innovation
• High rate of knowledge obsolescence is creating messes all around
• A mess is a set of highly dynamic problems that are deeply interconnected
• Management of mess requires innovative solutions based on systems thinking
Managing the Mess in Education
• Deliverables of educational institutions in a knowledge economy
• Time to test new innovative models such as, – ‘Fixed performance variable duration’ model, – Student-centric learning models
• Business schools need to help students to debate and test the underlying assumptions of the theory they are learning about
• Only the ability to think critically can make young managers succeed in managing businesses in a disruptive world
Enabling Factors for the Innovation EcosystemEnabling Factors for the Innovation EcosystemEnabling Factors for the Innovation EcosystemEnabling Factors for the Innovation Ecosystem
Social Factors
• Ideation Processes • Peoples & Skills• Leadership &
Organization• Culture & Values
Provide innovative solutions to customers’ problems
Provide innovative solutions to customers’ problems
Technical Factors
• Big data or streaming analytics
• Organization’s own Database management
• Integration of internal and external information networks for optimizing decisions
Managing the Ideation Process
• Make innovation everyone’s job
• Balance between conformity and creativity
• New metrics and reward criteria
• Measuring Learning Return on Innovation
• Maximize creative potential of the organization by balancing:– Divergent & Convergent thinking, Experience
& Imagination, Insider & Outsider
• Use all possible mechanisms: – time allowance, innovation training and tools,
open market for ideas, easy access to seed funding, create structures for mentoring and support
Developing People and Skills
• Great opportunities to demonstrate and develop leadership
• Leadership/CEO to facilitate Total Innovation Revolution
• Leadership has to master the art of managing creative deviation
• Need for Innovation in organizational structures (Morning Star, Kyocera, Zappos)
Leadership and Organization
• Encouraging a culture of challenging orthodoxies
• Make Transparency synonymous to the organizational identity
• Recruitment and reward structure based on creative idea generation and entrepreneurship
• Challenges for the Human Resources to free the system from the highest-paid-person’s-opinion (HIPPO) syndrome
Culture and Values
Thank You !