Being Open: Managing Innovation

1
Being Open Managing Innovation

• Leslie Martinich
• Competitive Focus
• Austin, Texas, USA

2
Short and Long Cycles
3
Phases of Innovation
4
Innovation S-Curve Waves
5
Evolution of Innovation Paradigms

• Closed innovation paradigm
• Stockpiling ideas
• Monopoly on talent
• Long-term employment relationships
• Long-term investments
• Tension
• Long-term investment short-term results

6
Closed Innovation
7
Evolution of Innovation Paradigms

• Open innovation paradigm
• Fluid employee-employer relationship
• Short shelf life for ideas

8
Being Open

• Open to new ideas
• Open to alternatives
• Open to ambiguity
• Open to uncertainty

9
Open Innovation
10
Activities of Innovation Center
11
Ambidextrous Organizations

• Include two significantly different types of
  businesses
• One for exploiting existing capabilities,
  products through traditional means (efficiencies,
  processes)
• One for exploring new concepts and approaches,
  and for finding new opportunities for growth
  through adaptable, flexible approach

12
Ambidextrous Organization
13
Questions?

• Leslie Martinich
• Competitive Focus
• leslie_at_competitivefocus.com
• www.competitivefocus.com