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The World's Most Innovative Companies

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Matt Ryberg & Amy Seto Innovation: Past and Present In the 1990s, innovation was about technology and control of quality and cost. Today, innovations involves taking ... – PowerPoint PPT presentation

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Title: The World's Most Innovative Companies


1
The World's Most Innovative Companies
  • Matt Ryberg Amy Seto

2
Innovation Past and Present
  • In the 1990s, innovation was about technology and
    control of quality and cost.
  • Today, innovations involves taking corporate
    organizations built for efficiency and rewiring
    them for creativity and growth
  • Innovation is about reinventing business
    processes and building entirely new markets that
    meet untapped customer needs.

3
Building Innovative Culture
  1. Open Innovation
  2. Innovators-in-chief
  3. Measure what Matters
  4. Coordinate and Collaborate
  5. Customer Insight

4
Obstacles to the Road of Innovation
  • The Four Major obstacles to Innovation
  • Slow Development Time
  • Lack of coordination
  • Risk Averse Culture
  • Limited Customer Insight

5
(No Transcript)
6
Apple
  • iPod
  • Networking
  • Business Model
  • Branding
  • Simplicity of ITunes

7
Toyota
  • Obsessive focus on manufacturing processes
  • Hot selling Prius earning Toyota more respect as
    a product innovator
  • Launched value innovation strategy

8
3M
  • "Genesis Grants"
  • 60 or so researchers a year submit formal
    applications to a panel of 20 senior scientists
  • Twelve to 20 grants, ranging from 50,000 and
    100,000 apiece, are awarded each year.

9
Closing Thoughts
  • As the world becomes more technologically
    advance, companies must rely on their innovations
    to help stay ahead of their competitors
  • The concept of innovation is always evolving so
    whoever stays ahead on the learning curve will
    come out on top in the future

10
Sources
  • Globe picture http//sevencolors.org/post/earth-i
    mages
  • Article
  • McGregor, J. (2006). The worlds most innovative
    companies. Annual Edition Marketing 13th ed.
    McGraw Hill p. 5-9
  • http//www.businessweek.com/magazine/content/06_17
    /b3981401.htm
  • Videos
  • http//youtube.com/watch?vxXrIoF-sVi8
  • http//www.youtube.com/watch?vvzTroCGYNrk
  • http//youtube.com/watch?vdto3mB__0Iofeaturerel
    ated
  • http//youtube.com/watch?vYXI2ZN4z55M
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