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Art of Innovation

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ART OF INNOVATIO N

4/10/12

By : • Gautam

3 BIG QUESTIONS


Why this Topic ? •What is innovation? •How much key points?

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1. MAKE MEANING

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MAKE MEANING

• To change the World • To make world better • To spread good things • To end bad things • Not to make money

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MAKE MEANING

NIKE ?
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2. Make MANTRA

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Make MANTRA
What is Mantra ? ü3-4 word explanation for why you exist. üwhich define the whole business model üFor what company stands for Example:‘sense and simplicity’ by Philips 4/10/12

Nike’s Mission Statement
"To

MISSION VS MANTRA

MANTRA

lead in corporate citizenship through proactive programs that reflect caring for the world family of Nike, our teammates, our consumers, and those who provide services to Nike"

“AUTHENTIC ATHELETIC 4/10/12 PERFORMANCE”

MANTRAS… of various organisation



McDonald

“Healthy fast food”

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MANTRAS… of various organisation

McDonald • FedEx


“Healthy fast food” “Peace of mind”

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MANTRAS

McDonald • FedEx • flipkart Door”


“Healthy fast food” “Peace of mind” “Store at your

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3. ROLL THE DICE

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Acronym : DICE
D-DEPTH IINTELLIGENCE C- COMPLETE E-ELEGANT

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DDEPTH

NOT ONLY TEA BUT ü AWARENESS ü BURNING ISSUES ü REMEDIES
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IINTELLIGENC BLUE MOTION E AUTOMATIC TURN OFF TECHNOLOGY


ENGINE • INCREASES FUEL EFFICIENCY • SAVES FUEL

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PASSAT VOLKSWAGE

CCOMPLETE

• • •

AFTER SALES SERVICES CUSTOMER SATISFACTION CUSTOMER SUPPORT

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EBMW ELEGANCE

APPLE i-phone 5

just LOOK at something…and you know it • something more than BEAUTY


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4. POLARISING PEOPLE

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POLARISING PEOPLE
Choosing Target market •Never afraid to do this • People will LOVE or HATE • Pick particulars and target them • can’t make everybody happy (if tried then mediocrity happens)


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POLARISING PEOPLE supplem
women

ent child

kid s

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POLARISING PEOPLE Variety of
sandals

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5.CHURN BABY CHURN

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CHURN BABY CHURN What To know?what is missed or
mistake is done.

World •There is always a place to grow. •To Make better products. 4/10/12

Why •Nothing is perfect in the ?

CHURN BABY CHURN Ho
• •

Launching next version by adding feature in previous version Like 1.1, 1.2, 1.3, 1.4, 1.5, 2.0, 2.1, 2.4,……And go on. ExampleMicrosoft, Mozilla, Java, Android.
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w? Repair and Rebuild

6.NICHE THYSELF
FAT

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NICHE THYSELF
WHAT IS NICHE ? Place where your product can create high value and uniqueness. Example: India is not a Niche for Cold Tea. India is a Niche for China Machines 4/10/12

NICHE THYSELF
High Value but not unique


Ability to provide unique product or services

price Value to customer

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NICHE THYSELFUnique product but No 2.


Value
Ability to provide unique product or services
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2.stupi d

1.price Value to customer

Online selling of dog food stupid

Ability to provide unique product or services

Dot com Value to customer

price

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NICHE THYSELF High value and


Uniqueness Ability to provide unique product or services stupid X

Dot com Value to customer

price

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NICHE THYSELF =

X

Why ? •Online Shopping. •Safety and security. •Product Replacement. •Heavy Discounts on products. • Free home Delivery. •Payment on delivery makes it full DESI. 4/10/12

7.Do not let BOZO grind

you down

=

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BOZO..
Of 2 types Type 1- says it can’t be done, shouldn’t be done, etc. not threat to the Innovator Type 2 – is one who is in Armani suits, Rolex Watch, Top CEO, so called Successful by society. When they say no… We may accept cause they are Big.. 4/10/12

Examples of BOZOCITY

“I think there is a world market of may be five computer.”
THOMAS WATSON

President , IBM ,1973
Now our IT lab alone has 3 times the computers he anticipated.
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Examples of BOZOCITY

“There is no reason why anyone would want a computer in their home.” Ken Olsen founder of DEC But Steve Jobs & Woz didn’t heard and made Personal computers… the company is
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8. Jump To Next Curve

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Next Curve Means…
It defines Innovation •Not about 10 % or 15 % better or slightly better But.. 10 to 15 Times Better .


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Next Curve Means…

PAGER
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MOBIL E

Next Curve Means…

WALKMA N 4/10/12

iPOD

Next Curve Means…

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FAT

FIT

Next Curve Means…

RAKESH ROSHAN
4/10/12

HRITHIK ROSHAN

THANK YOU
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• • •

Gautam Bhamre

IMS, DAVV Indore

4/10/12

gautam3107@gmail.



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