innc presentation - 21st apr
TRANSCRIPT
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Innovation Our Approach
Innovation council presentation
Praj Matrix 2ndAnniversary
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Need for Innovation
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For competitive advantage
Cost cutting is not enough any more
Higher business revenue
To improve disappointing performances
To take advantage of the opportunity
Further flow of innovation
For better returns
For business survivalLorraine Yapps Cohen
WHY ?
Examples are galore
The world is
changing very fast.
Innovation is key to
survival. Big will not
beat small anymore.
It will be the fast
beating the slow.
Rupert Murdoch,
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Need for Innovation council
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Less Individual recognition.
Less scope for working on new
opportunities
Fear & Inhibition
No clarity on new Idea Sharing
Conviction for Praj Matrix and
Praj
Observation Action Encouragement & Recognition
Transforming and interactive
sessions
Accept Failures
System for Sharing & Generating
new ideas
Form a committee
Recognition to Idea generator
Develop a process for taking uprisks
INNOVATION COUNCILINNOVATION COUNCIL
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The Innovation council
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Definition of an Idea what constitutes an idea?
Create mechanisms for New Idea Generation
Existing Programs
New Programs
Non-Technology areas
Create tools, processes and systems
For recording new ideas
For evaluating new ideas (frequency, criteria)
For closure on new ideas (actions, additional work)
For communication with idea generators
Develop options for Reward and Recognition Metrics
Number of ideas generated, Number of ideas converted Impact of ideas Time allocation for new ideas
Council charter
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The Innovation council - Team
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Team Members
Santosh Vyas
Nilesh Kulkarni
Vijayanand Adapa
Mangesh Kulkarni
Satyendra Joshi
Ashvini Shete
Nilesh Pandit
Sonal Tyagi
Criteria for Team members Represent several COEs
Represent different levels of experience
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The Methodology - Ideation
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INPUT OUTPUT Many
Crazy
Stupid
Bad
Random
Few
New
Different
Good
Out-of-the-box
IDEATION
Ideation is a formal,
structured process
IDEATION A process of generating, developing, and
communicating new ideas, where an idea is understood as
a basic element of thought that can be either visual,
concrete, or abstract
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The Methodology Idea sources
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The Popular andeffective
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Most Effective source Voice ofCustomer
Customer Visits
Customer feedback
Customer need
Other techniques Data Mining
Peripheral vision
Disruptive
technologies
Open Innovation
Idea contest
Spin offs
Scientific community
OUTOUT ININ
ININ OUTOUT
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Ideation Mechanism
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Planning
Preparation
Ideation Event
Post Processing
Stage Gate Process
How will we conduct
event?
Who is doing what
with what?
Do it!
Make outputs
actionable
Turn ideas
into reality
We usually focus
on the Ideation
Event,
And forget
about planning
and follow-
through
Project Proposals
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Innovation Praj perspective
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Innovation at Praj Innovative Yeast Strain (GRX)
Flubex
Heat and System Engineering &
Integration
Frugal Engineering
Some patented
Has been Sporadic
Doesnt have a structured
Innovation system in place
Crude systems exist but not
followed
Rules are made for fools
A council which will address the
above lacunae
Dr Mashelkar comments on todays Innovation
I in Innovation stands for IMITATION
I in Innovation stands for INHIBITION
Instead
I in Innovation should stand for INDIA, INDUSTRY,
INSTITUTION & INDIVIDUALS
Need for
Council
Jugaad Technology / ReverseEngineering
Shows that we have brains
Do Not for Individualistic benefits
Have conviction towards Nation andSociety
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Innovation Our Approach
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Idea SourcingIdea Sourcing
BroadcastBroadcast
Idea Capture & PropositionIdea Capture & Proposition
EvaluationEvaluation SelectionSelection
RecognitionRecognition
ImplementationImplementation
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Idea Sourcing
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Conferences
Visitors
Targeted
Brainstorming
TargetedMarket
Research
Literature
BusinessDevelopment
COELeaders
IDEA
OpenInnovation
OUTOUT ININ ININ OUTOUT
CustomerDay
CustomerConnectivity
ConsultantsTradeShows
Peripheral
Thinking
DisruptiveTechnology
Idea
Contests
ScientificCommunity
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Idea source Data mining
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Literature Data Mining
Library
Internet
Books
Magazines
ConferenceProceedings
Journals
Patents
News
TechnologyTrends
TechnologyUpdates
New
Products
NewIdeas
NewApplications
White space
SensitivityAnalysis
COE
IP Cell
KP Cell
KPO
MonthlySynopsis
List of Patents& Publications
Patent Mapping
Targeted Data
Profiling &
Landscaping
MatrixReporter
White spaceReport
TargetedResearch
Report
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Source Event management
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Events Calendar
APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB
Launching
Sensitization
COE Scope
Invited Guest
Business Dev
COE Talks
Market
Research
CTO Talk
Brainstorming
Poster
Visited Guest
Customer Day
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Broadcasting
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EVENTS LITERATURE
FeedbackForm
InnCouncilReport
InnCouncilSynopsis
COESynopsis
AbstractList
Market ResearchReport
MatrixScience
Reporter
All EmployeeMeeting
ProblemPost
Platform
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Capture & Propose
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EVENTS LITERATURE
FeedbackForm
InnCouncilReport
InnCouncilSynopsis
COESynopsis
AbstractList
Market ResearchReport
MatrixScience
Reporter
All EmployeeMeeting
ProblemPost
Platform
InnovationDisclosure Form
IdeaSharing Form
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Four Cs for Innovation
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IDEA
QUALIFICATION
CAPTURE
PROCESS
EVALUATION
FEEDBACK
RECOGNITION
IMPLEMENT
Conference Visitors Brainstorm Market
ResearchBDN Literature COE
Inn Council
Report / Synopsis
COE
Synopsis
Market Res
Reports
Abstract
List
Matrix
Science
Reporter
All
Employee
Meet
Inn Coun
Platform
ChaosChaos
CreativityCreativity
ConnectivityConnectivity
CommercializationCommercialization
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Role of Innovation Council
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Guidelines for Each & Every step
Sensitization of people
Ideation mechanism
Managing the Events
Maintain confidentiality
Supporting the Idea generator
Intermediary role between Ideator & Evaluator
FACILITATORFACILITATOR
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And to Conclude
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Lets pledge
Think it, dream it and Live it.Think it, dream it and Live it.
Innovation will followInnovation will followShankar MVShankar MV
Yours truly
Ashwini, Sonal, Nilesh K, Santosh, Vijay, Mangesh, Nilesh P, Satyendra,Ashwini, Sonal, Nilesh K, Santosh, Vijay, Mangesh, Nilesh P, Satyendra,
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Creativity @ itsbest
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Your Inputs & SuggestionsYour Inputs & Suggestions