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Technology Driven Innovation

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					Value Driven Innovation

  Prof. Miguel Carrillo, Ph D
       Professor of Strategy
        Executive Director
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                 Why INNOVATE?


•   Grow
•   Keep growing
•   To accelerate growth
•   To develop sustainable growth
•   To keep growth profitable




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                                                       Growth Engines
       Ansoff-Matrix or
       Product-Market Expansion Grid
Dimensions Existing Products                          New Products


 Existing                Coke
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  New
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                 Growth Engines
From Product To Experience!!




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               Growth Engines
From Product To Experience!!




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The Challenge of Knowledge Management




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The Global Entrepreneurship Model

    40

    39

    38
                                                         Factor Driven
    37                                                   Efficiency Driven
                                                         Innovation Driven
    36

    35

    34
          Fear Factor
          % of population 18-64 with positive perceived opportunities
           (non entrepreneurs) who indicated that fear of failure would prevent them
          from setting up a business
The Global Entrepreneurship Model
    60

    50

    40
                                                 Factor Driven
    30                                           Efficiency Driven
                                                 Innovation Driven
    20

    10

     0
             Knowledge Factor
   Knowledge Factor: % of 18-64 population (non entrepreneurs) who
   believe they have the required skills and knowledge to start a business
The Global Entrepreneurship Model
       9
       8
       7
       6
                                                                                      Factor Driven
       5
                                                                                      Efficiency Driven
       4
                                                                                      Innovation Driven
       3
       2
       1
       0
                   Discontinuation Rate
    Percentage of 18-64 population who have, in the past 12 months, discontinued business, either by selling, shutting down,
    or other discontinuing an owner/management relationship with the business.
The Global Entrepreneurship Model




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The Global Entrepreneurship Model




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Challenges
• Define if entrepreneurship is a quantity or quality game
• Assistance Vs. Development
• Change the perception of required skills
• Innovation driven Entrepreneurship requires a swift cultural
  change in society




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               Why Innovation?
• US Council on Competitiveness: Innovation will be the single
  most important factor in determining America’s success in the
  21st century
• Lisbon Agenda: Challenge the EU to make itself “the most
  competitive and dynamic knowledge-based economy in the
  world
• Emerging economies are not spectators anymore, but
  protagonists
• Countries that innovate in the creation of new technologies, and
  encourage their adoption grow faster



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               Why Innovation?
• China raising R&D spending 50%, up to 2.5 of GDP
  ($115 billion/year)
• What are the conditions to enable innovation?
• What are the policies and actions that drive
  innovation?
• Start from the basics: Embracing change, or
  response-readiness
   – Adopt and benefit from:
      •   Leading-edge technologies
      •   Expanded human capacities
      •   Better organizational and operational capability
      •   Improved institutional performance

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         Why Innovation?
• Innovation: The pathway to develop a
  knowledge-based economy
• A knowledge-based economy is not about
  accumulating information, but using
  knowledge to improve performance




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 Global Innovation Index (GII)
           INSEAD
• Innovation: The amalgamation of invention
  and creativity that leads to the generation of
  social and economic value
• US leading
• Europe collective competitiveness
• Future: Asia (South Korea, India, China)
• Bright Star: UAE (Dubai)
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 The 8 Pillars of Innovation




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                 GII Outputs
• Knowledge
  –   Local specialized research and training
  –   Nature of competitive advantage
  –   Quality of production process technology
  –   High-tech exports
  –   Manufactured exports
  –   ICT exports
  –   Insurance and financial services
  –   Patents registered (domestic and non-domestic)
  –   Royalty and license fee receipts
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                 GII Outputs
• Competitiveness
  –   Growth on exports to neighboring countries
  –   Intensity of local competition
  –   Reach of exporting in international markets
  –   Commercial services export
  –   Merchandise exports
  –   Goods exports
  –   Service exports
  –   Listed domestic companies
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                 GII Outputs
• Wealth
  –   Final consumption expenditure
  –   GDP per capita, PPP
  –   GDP growth rate
  –   Industry, value added
  –   Manufacturer, value added
  –   Services, value added
  –   International migration stock
  –   Value of stocks traded
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                       GII Inputs
• Human Capacity
  –   Culture to innovate
  –   Quality of educational system
  –   Availability of scientist and engineers
  –   Brain drain
  –   Extend of staff training
  –   Entrepreneurs as role model
  –   E-participation index
  –   Net migration rates
  –   Quality of scientific research institutions
  –   Quality of management schools
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                         GII Inputs
• Market sophistication
   –   FDI inflows
   –   Getting credit
   –   Venture capital availability
   –   Prevalence of trade barriers

• Business sophistication
   –   Technological awareness
   –   Firm level technology absorption
   –   FDI and tech transfer
   –   Company spending R&D
   –   University/Industry Collaboration
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               What to do?
• Understand the Global Innovation Value
  Chain
• Internationalization of knowledge-intense
  corporate functions
• Open innovation
• Safety net for innovators
  – Encourage experimentation
  – Disable the succeed or perish mentality
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   Innovation as an Imperative
• South Korea (Hyundai, Samsung, LG, Doosan)
   – ICT as the cornerstone of innovation
       • 30% exports are ICT
   – Global e-commerce benchmark
       • 93% of government procurement
   – Focus in the development of 7 key sectors:
       • E-government
       • Internet
       • Broad-band convergence
       • Mobile communications services
       • Commerce
       • Dissemination of financial information
       • IT industry
   – Main lesson: Develop a trajectory in a knowledge based,
     technology driven, global potential, enabling sector
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  Innovation as an Imperative
• Finland. (Nokia, Linux)
   – Futuristic Society
   – Best example of the development of a knowledge trajectory
   – Focus
      • 170 patents a year related to telecomm
      • 40 telecomm operators (5 million people!)
   – Follow the Lisbon Strategy (3% of GDP invested in R&D)
   – Key policies:
      •   Public recognition to small and big entities
      •   First country in the world to have a national innovation system
      •   Strategic Center for Science, Technology, and Innovation
      •   Research career model for students

   – Main lesson: Develop a trajectory in a knowledge based,
     technology driven, global potential, enabling sector
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Conclusion



“The difference between average people and
achieving people is their perception of and respond to failure “
                               John C. Maxwell




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posted:8/17/2011
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Description: Technology Driven Innovation document sample