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Innovation in Action Professor: Fernando Huerta A practical business approach Warm-up

Innovation Warm-UP

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Page 1: Innovation Warm-UP

Innovation in Action

Professor: Fernando Huerta

A practical business approachWarm-up

Page 2: Innovation Warm-UP

Who Innovates? – Countries (BCG)

• 1.- Singapore

• 2.- South Korea

• 3.- Switzerland

• 4.- Iceland

• 5.- Ireland

• 6.- HK

Page 3: Innovation Warm-UP

Who Innovates? – Countries (BCG)

• 7.- Finland

• 8.- USA

• 9.- Japan

• 10.- Sweden

• 11.- Denmark

• 12.- Netherland

Page 4: Innovation Warm-UP

Who Innovates? – Companies (BW)

• 3.- Toyota

• 4.- Microsoft

• 5.- Tata

• 6.- Nintendo

• 1.- Apple

• 2.- Google

Page 5: Innovation Warm-UP

Who Innovates? – Companies (BW)

• 9.- Nokia

• 10.- Microsoft

• 11.- Amazon

• 12.- IBM

• 7.- P&G

• 8.- Sony

Page 6: Innovation Warm-UP

R&D Budget

Page 7: Innovation Warm-UP

Why Product Innovation (PI) Fails?

Page 8: Innovation Warm-UP

Why PI Fails?

Page 9: Innovation Warm-UP

Why Product Innovation Fails?

Page 10: Innovation Warm-UP

Why Product Innovations Fails?

Page 11: Innovation Warm-UP

Why Product Innovation Fails?

• Because our mindset is not ready to undertakes the innovation challenge:– Curiosity– Exploring– Discovering– Thinking– Executing…….Innovation

Page 12: Innovation Warm-UP

Why our mind Fails?

Page 13: Innovation Warm-UP

Why our mind Fails?

Page 14: Innovation Warm-UP

Why our mind Fails?

• Because our mind follow patterns and also looks to face challenges with current established Neural Networks…..

• What we need….. Establish new neural networks in our mind

• But How?........

Page 15: Innovation Warm-UP

Challenging your Innovations Skills

• Problem: Use your thinking brain and solve the next problem.

26 – 63 = 1• Rules:

– A) You can not add or delete anything.– B) The equation has to be right.– B) You can change one number or sign to any position.

Page 16: Innovation Warm-UP

Challenging your Innovations Skills

• Problem: Complete and find rationale of the sequence:

1 2 3 4 5 ____2 4 8 16 32 ____1 10 100 1000 10000 ____0 5 4 2 9 ____

Page 17: Innovation Warm-UP

Innovation in Action

Professor: Fernando Huerta

A practical business approachWarm-up