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of Innovation

of Innovation. Arashdeep Singh CINE, Feb 2008. The first step towards improvement is knowing what is wrong - Anonymous . Not creating a culture that supports innovation Not getting buy-in and ownership from business unit managers Not having a widely understood, system-wide process

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of Innovation

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  1. of Innovation Arashdeep Singh CINE, Feb 2008

  2. The first step towards improvement is knowing what is wrong - Anonymous Arashdeep Singh for CINE

  3. Not creating a culturethat supports innovation • Not getting buy-in and ownershipfrom business unit managers • Not having a widely understood, system-wide process • Not allocating resourcesto the process • Not tying projects to company strategy • Not spending enough time / energy on the fuzzy front-end • Not building sufficient diversityinto the process • Not developing criteria and metricsin advance • Not training and coachinginnovation teams • Not having an idea management system Arashdeep Singh for CINE The Big Ten Innovation Killers by Joyce Wycoff

  4. Shortage of skilled labor (71.4%) Governmental bureaucracy (76.5%) Bank policies on credit (71.4%) Inadequate R&D, design and testing (51.4%) Lack of time(60%) Inadequate financial means (44.6%) Innovation too easy to copy (83.6%) Lack of government assistance (72.9%) Arashdeep Singh for CINE Barriers to innovation for SMEs in a small less developed country by Athanasios Hadjimanolis

  5. Short term focus/ focus on operations (63%) Lack of time, resources or staff (52%) Lack of systematic innovation process (33%) Leadership expects payoff sooner than is expected (31%) Management incentives not structured to reward innovation (31%) Innovation Arashdeep Singh for CINE The [non] billable hour By Matt Homann

  6. The Sample • Gaurav Banyal, IT firm • Bharat Bhamra, Manufacturing • Ashish Gupta, Technical consulting • Jagmal Singh, Government Service • Divya Goel, Construction • Ravi Banga, Doctor • Ankur Khanna, Entrepreneur • Iqbal Singh, ITI • P Venkatesh, Education Arashdeep Singh for CINE

  7. Findings • Lower Level – Accreditation • Higher level -> External barriers Focus • Lack of time Vs Short term focus • Its a Process – not one time effort • Strategy focus – Clueless (Histogram of Creativity) • Training coaching Vs Education • Stronger Disincentive (eg doctors) Arashdeep Singh for CINE

  8. References • The Big Ten Innovation Killers and How to Keep Your Innovation System Alive and Well by Joyce Wycoff http://www.thinksmart.com/library/BigTenInnovationKillers.htm • The [non] billable hour, by Matt Homan http://thenonbillablehour.typepad.com/nonbillable_hour/2004/08/barriers_to_inn.html • Barriers to innovation for SMEs in a small less developed country by Athanasios Hadjimanolis Arashdeep Singh for CINE

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