innovations holy grail_ck_prahalad

INNOVATION’S HOLY GRAIL(GANDHIAN INNOVATION &

शु�द्ध दे�शु� जु�गाड़)Review of article by

C.K. Prahalad and R.A. Mashelkar

Presented By –

Group- 3, Section- D

MOTIVE & MEANS

Innovation the current status : East vs West Affordability + Sustainability = Innovation Produce more , use less & sell cheap. Innovation in India : Constraints & ambitions.

The variables of Merit analysis for innovation. Source of technology- Can be bought, adapted or built ab initio. Organization’s capabilities- Competencies, knowledge, skills.

Two Pillars of Gandhian Innovation.

KINDS OF GANDHIAN INNOVATIONS

Disrupting Business Models

Use of off-the –shelf western

technologies and development new business models.

Modifying Organizational Capabilities

Synthesis of technologies &

altered capabilities on a large scale

Creating or Sourcing New Capabilities

Technology development or

collaborative approach to obtain technical expertise.

INNOVATIONS IN INDIAGETTING INNOVATIONS RIGHT

Develop a deep commitment to serving the un-served.

Articulate and embrace a clear vision.

Set very ambitious goals to foster an entrepreneurial spirit.

Accept that constraints will always exist, and creatively operate within them.

Focus on people, not just shareholder wealth and profits.

Ensure success in long run.

OUR VIEWS(QUESTIONS UNANSWERED)

Achieving scalability & mass adoption is still uncertain Eg –

Akash Tablet.

The role of government & regulations could have been

discussed.

The article is more focused on affordability and change in

strategy but its relatively silent on Sustainability.

Communication value achieved through innovation is a problem

Eg - Tata Nano.

Thank You.

And keep on innovating.