innovations holy grail_ck_prahalad
DESCRIPTION
Innovation's Holy Grail HBR article by CK PrahaladTRANSCRIPT
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.