LS145 Module 1 : Innovation 101
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The document discusses the importance of innovation in business management, emphasizing the need for creative and new ways to deliver customer value. It highlights different types of innovation, including incremental and breakthrough, and stresses the necessity for businesses to innovate in response to market pressures and competition. The text underscores innovation as a critical driver of economic growth and the creation of wealth.
![“The key focus for the ministry of education …would be to nurture a
spirit of innovation and enterprise [I&E] among our students and
across our schools.”!
! ! ! ! ! ! ! ! ! ! Tharman Shanmugaratnam!
! ! ! ! ! ! ! ! ! ! Minister of Education, Singapore!
LS145 Business Innovation Management
Mark Joaquin Ruiz | Ateneo JGSOM
http://ruizmark.com](https://image.slidesharecdn.com/1innovation101-091122165614-phpapp02/85/LS145-Module-1-Innovation-101-84-320.jpg)
LS145 Module 1 : Innovation 101
- 1. INNOVATION 101! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 2. why am i doing this ? LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 3. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 4. AN UNIMAGINATIVE CULTURE OF LOW-VALUE RECYCLING AND COPY-AND-PASTE LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 5. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 6. your daily fix of entrepreneurial ideas LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 7. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 8. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 9. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 10. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 11. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 12. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 13. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 14. $2,200 LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 15. aravind eye-care LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 16. I’m doing this because I believe that innovative enterprises can build a better Philippines INNOVATION = From Copy-and-Paste to Invent-and-Create LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 17. INNOVATION,! A DEFINITION ! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 18. a definition! The term innovation means a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organizations.! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 19. innovation is! the process of creating and delivering new customer value in the marketplace! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 20. MY POINT-OF-VIEW! innovation is! realizing new, creative insights! that deliver revolutionary value! to customers! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 21. INNOVATION IS REALIZED! IDEAS IN THEMSELVES ARE NOT YET INNOVATIONS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 22. INNOVATION IS REALIZED! UNCOMMERCIALIZED INVENTIONS ARE NOT YET INNOVATIONS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 23. INNOVATION SEEKS THE NEW! SEEK BLUE OCEANS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 24. WHERE DO YOU WANT TO COMPETE?! • a lot of competitors! • no competitors! • low margins! • high margins! • declining market! • rapidly increasing market! • boring and stable! • undefined and exciting! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 25. INNOVATION SEEKS THE NEW AND CREATIVE! NEW MARKETS! NEW PRODUCTS! NEW SOLUTIONS! NEW WAYS OF DOING THINGS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 26. INCREMENTAL VS! BREAKTHROUGH! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 27. INCREMENTAL! INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 28. BREAKTHROUGH! (REVOLUTIONARY)! INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 29. INNOVATION UNLEASHES REVOLUTIONARY VALUE! COMMODITY GOOD SERVICE EXPERIENCE 1 – 2cents 5 – 25cents 75cents to $1.50 $2 to $5 per cup per cup per cup per cup source : The Experience Economy, Pine and Gilmore LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 30. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 31. INNOVATION UNLEASHES REVOLUTIONARY VALUE! COMMODITY GOOD SERVICE EXPERIENCE 1 – 2cents 5 – 25cents 75cents to $1.50 $2 to $5 per cup per cup per cup per cup source : The Experience Economy, Pine and Gilmore LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 32. INNOVATION PRODUCTS!)! (ITʼS NOT JUST ABOUT 360! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 33. business model! manufacturing! supply chain! experience! INNOVATION 360! process! service! product! marketing & sales! packaging! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 34. MANUFACTURING INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 35. SUPPLY CHAIN INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 36. PROCESS INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 37. PACKAGING INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 38. PRODUCT INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 39. MARKETING & SALES INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 40. SERVICE INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 41. EXPERIENCE INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 42. BUSINESS MODEL INNOVATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 43. BUSINESS MODEL INNOVATION! AMAZON STARTED OUT AS THE WORLDʼS BIGGEST BOOKSTORE …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 44. BUSINESS MODEL INNOVATION! … AND RAPIDLY REDEFINED INTO NEW AREAS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 45. INNOVATION! HERE! WHAT HAPPENED | HOW WE GOT LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 46. GLOBALIZATION HAS CHANGED EVERYTHING,! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 47. … OPENING UP GLOBAL MARKETS …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 48. … FULFILLED BY GLOBAL SUPPLY CHAINS …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 49. … WITH GLOBALIZED RESEARCH & DEVELOPMENT.! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 50. BUSINESSES INCESSANTLY WANT TO GROW …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 51. … WHILE REALIZING THE INSUFFICIENCY OF JUST EFFICIENCY! ? LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 52. HYPERCOMPETITION BECOMES THE NORM, ! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 53. LEADING TO COMMODITIZATION …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 54. … AND OBSOLESCENCE VELOCITY.! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 55. TECHNOLOGY MOVES RAPIDLY …! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 56. … AS IT ENTERS A GOLDEN ERA OF DEMOCRATIZATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 57. THE ELEVATOR SPEECH! GLOBALIZATION LEADING TO GLOBAL MARKETS, R&D, & SUPPLY CHAINS! +! THE PRESSURE FOR GROWTH & THE INSUFFICIENCY OF EFFICIENCY! +! HYPERCOMPETITION, COMMODITIZATION,! OBSOLESENCE VELOCITY! + TECHNOLOGY DEVELOPMENT & ITS DEMOCRATIZATION! =! THE INNOVATION IMPERATIVE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 58. THE INNOVATION! IMPERATIVE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 59. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 60. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 61. INNOVATE OR DIE! VS! VS! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 62. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 63. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 64. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 65. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 66. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 67. INNOVATE OR DIE! VS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 68. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 69. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 70. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 71. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 72. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 73. INNOVATE OR DIE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 74. INNOVATIONOMICS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 75. “Innovation is the specific instrument of entrepreneurship … the act that endows resources with a new capacity to create wealth.”! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Peter Drucker! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 76. … as much as 80% GDP growth comes through the introduction of new technologies …! Robert Solow Nobel Prize Winner, Economics! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 77. “Innovation is the central issue e in economic prosperity.”! ! ! ! ! ! ! ! ! ! Michael Porter!! ! ! ! ! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 78. “Just as energy is the basis of life itself, and ideas the source of innovation, so is innovation the vital spark of all human change,! improvement and progress.”! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Ted Levitt! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 79. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 80. INNOVATION NATIONS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 81. IN LEADING EDGE INDUSTRIES! Web 2.0 NANOTECHNOLOGY! ICT! BIOTECH! LIFE SCIENCES! WEB 2.0! RENEWABLE ENERGY! HEALTHCARE! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 82. FUELED BY INNOVATION ECOSYSTEMS! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 83. HARNESSING TALENT THROUGH EDUCATION! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 84. “The key focus for the ministry of education …would be to nurture a spirit of innovation and enterprise [I&E] among our students and across our schools.”! ! ! ! ! ! ! ! ! ! ! Tharman Shanmugaratnam! ! ! ! ! ! ! ! ! ! ! Minister of Education, Singapore! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 85. THE WORLDʼS! MOST INNOVATIVE! COMPANIES! LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 86. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 87. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com
- 88. LS145 Business Innovation Management Mark Joaquin Ruiz | Ateneo JGSOM http://ruizmark.com