innovation & change. innovation why should companies innovate? why should companies innovate?

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Innovation & Change Innovation & Change

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Page 1: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Innovation & ChangeInnovation & Change

Page 2: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

InnovationInnovation

Why should companies innovate?Why should companies innovate?

Page 3: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Types of ChangesTypes of Changes

Incremental Incremental

RadicalRadical

What’s the difference?What’s the difference?

Page 4: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?
Page 5: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Strategic Types of ChangeStrategic Types of Change

Technology ChangeTechnology Change Product & Service ChangeProduct & Service Change Strategy & Structure ChangeStrategy & Structure Change Culture ChangeCulture Change

Page 6: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Elements for Successful Elements for Successful ChangeChange

What is Organizational Change?What is Organizational Change?

ComponentsComponents IdeasIdeas NeedsNeeds AdoptionAdoption ImplementationImplementation ResourcesResources

Page 7: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Technology ChangeTechnology Change

CharacteristicsCharacteristics The Ambidextrous ApproachThe Ambidextrous Approach

MechanisticMechanistic OrganicOrganic

Page 8: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Techniques for Encouraging Techniques for Encouraging Technological ChangesTechnological Changes

Switching StructuresSwitching Structures Creative DepartmentsCreative Departments

Idea incubatorsIdea incubators Venture TeamsVenture Teams

SkunkworksSkunkworks New-venture FundNew-venture Fund

Corporate EntrepreneurshipCorporate Entrepreneurship Idea ChampionIdea Champion

Technical/ Management championTechnical/ Management champion

Page 9: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

New Products & ServicesNew Products & Services

Success RatesSuccess Rates Reasons for SuccessReasons for Success Horizontal Linkage ModelHorizontal Linkage Model

Departmental specializationDepartmental specialization Boundary spanningBoundary spanning Horizontal linkagesHorizontal linkages

Competitive AdvantageCompetitive Advantage Time-based competitionTime-based competition

Page 10: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Strategy & StructureStrategy & Structure

Dual-core ApproachDual-core Approach Administrative CoreAdministrative Core Technical CoreTechnical Core MechanisticMechanistic OrganicOrganic

Page 11: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Culture ChangeCulture Change

Forces for ChangeForces for Change Reengineering & Horizontal organizingReengineering & Horizontal organizing DiversityDiversity Learning organizationLearning organization

Organizational DevelopmentOrganizational Development Large-group InterventionLarge-group Intervention Team BuildingTeam Building Interdepartmental ActivitiesInterdepartmental Activities

Page 12: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Strategies for Implementing Strategies for Implementing ChangeChange

Leadership for ChangeLeadership for Change PreparationPreparation AcceptanceAcceptance CommitmentCommitment

Page 13: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?
Page 14: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Barriers to ChangeBarriers to Change

Focus on CostsFocus on Costs Failure to Perceive BenefitsFailure to Perceive Benefits Lack of Coordination/CooperationLack of Coordination/Cooperation Uncertainty AvoidanceUncertainty Avoidance Fear of LossFear of Loss

Page 15: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Lewin’s ModelLewin’s Model

Unfreeze

Change Refreeze

Page 16: Innovation & Change. Innovation Why should companies innovate? Why should companies innovate?

Establish a Sense of Urgency

Form a Guiding Coalition

Create a Vision

Communicate the Vision

Empower Others to

Act

Create a Short-Term

Wins

Consolidate Improvemen

ts

Institutionalize Change Kotter’s

Change Model