Implementation and value creation elements of innovation
- 1. Implementation and Value Creation Elements of Innovation PhDDS 317 Discussant: EVELYN D. ROSARIO Professor: DR. ROSANNA D. GONZALES
- 2. Objective To discuss the elements in the Implementation and Value Creation of innovation.
- 4. 6 key factors that shape the process and outcomes of innovation implementation 1.Policies , procedures and processes Policies normally serve as an enforcement tool (Ahmad Fauzi Ismail,2021) Procedures a high level of how things should works across different entities. Process standard operating procedures 2. Building a culture of innovation 3. Management support 4. Availability of financial resources. 5. Learning orientation 6. Top Management Commitment
- 5. Technological Innovation Technological innovation is the knowledge of components, linkages between components, methods, processes and techniques that go into a product or service. It may or may not require administrative innovation. It can be a product, a process, or a service. Product or service innovations should be new products or services aiming at satisfying some market needs. Process innovation is concerned with introducing new elements into an organization's operations such as input materials, task specifications, work and information flow mechanisms, and equipment used to produce a product or render a service (Afuah, 1998).
- 6. Social Compact A non-profit organization who make use of technology and innovation to implement significant innovation in the world of community development. They make use of mental mapping concept and drill down process to document market strengths of communities throughout the United States.
- 7. Mental Mapping A mental map is a person's point-of-view perception of their area of interaction. Although this kind of subject matter would seem most likely to be studied by fields in the social sciences, this particular subject is most often studied by modern-day geographers. Social Compact research staff identified mental mapping as one way to better determine: (1) which retailers residents are more likely to visit, including specifications on preferred retail chains; (2) the location of these retailers; (3) modes of transportation residents use to reach their destination; (3) the frequency with which residents visit these retailers; and (4) the amount of dollars residents spend on particular goods and services.
- 9. Drill Down Process is a process of ‘reduction in stages’ of the problem for its largest components down to its smallest manageable pieces • Start by writing the problem down on the left-hand side of a large sheet of paper. • On the right of each point, write down the points that make up the next level of detail. • Repeat this process, for each new point that you identify. • Keep on drilling down until you have identified all of the factors contributing to the original problem. • This technique can be used in conjunction with the 5 Why Analysis to ensure that you investigate each aspect of the problem.
- 10. Value Creation You don't have innovation if your new ideas aren't creating value. Organizations must implement ideas and programs identified as most effective in delivering value to stakeholders. 4 innovation tools Need-finding Framing Creative combination Prototyping
- 11. Need-finding To understand the customer's experience, researchers look for gaps in customer service because they may represent opportunities. 2 basic kinds of need finding tools a. Observations b. Interviews
- 12. Framing Identifying ‘value-frames’ allows the academic team to be more purposeful in aligning project focus to partner objectives, thereby increasing impact potential.
- 13. Creative combination The process of creative combination happens when concepts are gathered together and the focus turns to developing the best options for meeting the needs identified by customers. At this stage, individual effort must expand to encompass a diversity of viewpoints.
- 14. PROTOTYPING Captures those ideas considered worthy of more detailed study. Prototyping is common in the design professions for physical artifacts. The first prototype is never the final one, but as the process continues, the nature of the inquiry results in finer levels of detail.
- 15. Importance of prototyping Better depict the intent of your final design Defend your design decisions with customer feedback Save time and money by making changes early rather than in final development Feel confident that what your presenting has a strong product-market fit
- 16. Prototyping Tools 1. InVision best prototyping tool for building exceptional products in one, connected workflow Compatibility with most popular graphics file formats like PNG, GIF, PSD, JPG, and others
- 17. Prototyping Tools 2. Balsamiq best prototyping tool for building wireframes. Balsamiq helps you quickly design mockups that are great for sketching and wire framing.
- 18. Prototyping Tools 3. Justinmind best all-in-one prototyping tool for web and mobile apps lets you design from scratch and leverage a full range of web interactions and mobile gestures, so you can focus on building exceptional user experiences.
- 19. Prototyping Tools 4. Figma • best prototyping tool for designing collaboratively • is truly a one-tool solution for all of your design needs. Thanks to real-time collaboration, web- based functionality, and exceptional price-to-value, Figma is rising through the ranks and gaining traction with design teams.
- 20. Prototyping Tools 5. Adobe XD best prototyping tool for enterprise business provides you access to all your assets in one place, eliminates tedious manual tasks, create experiences that are adaptable to any size screen, and integrates seamlessly with the User Testing platform.
- 21. Toyota Value Creation Process https://www.toyota-boshoku.com/global/company/story/process/
- 23. Thank you very much !!! Evelyn D. Rosario
- 24. References: https://www.stlouisfed.org/publications/bridges/summer-2009/the-four-key-elements-of-innovation-collaboration- ideation-implementation-and-value-creation https://www.innovationcoach.com/2015/10/innovation-and-the-art-of-implementation-part-1/ https://ipacso.eu/innovation-modelling/innovation-model-analysis.html https://courses.lumenlearning.com/boundless-management/chapter/technology-and-innovation/ https://www.naylor.com/associationadviser/3-steps-innovation-to-implementation/ https://www.toyota-boshoku.com/global/company/story/process/ https://www.springer.com/gp/book/9783642282546 https://www.academia.edu/342819/Innovation_implementation_Overcoming_the_challenge https://chiefexecutive.net/the-key-to-successful-innovation-is-proper-implementation/ https://ctycms.com/dc-capitol-riverfront/docs/mentalmaps_finalrpt.pdf. Social Compact’s Mental Mapping Pilot Study https://mcpin.org/wp-content/uploads/wellbeing-networks-SW-VERSION.pdf http://www.free-management-ebooks.com/news/drill-down- technique/#:~:text=Drill%20down%20is%20a%20simple%20technique%20for%20breaking,process%2C%20for%20each %20new%20point%20that%20you%20identify. https://mockitt.wondershare.com/prototyping/prototyping-tools.html https://en.wikipedia.org/wiki/Mental_mapping#:~:text=In%20behavioral%20geography%2C%20a%20mental%20map%20 is%20a,subject%20is%20most%20often%20studied%20by%20modern-day%20geographers.