Accelerate Innovation - Karin Verloop - Agile SG 2013

Presented in Agile Singapore 2013 Conference

The pace of change in the business world is unprecedented. Innovation is not an option, it is imperative for organisations to survive but it is very hard to do. This talk is about how to structure yourself for innovation in a repeatable, practical and affordable way and it will address the following:

- The 3 levels of innovation that organisations need to be concerned with.
- How the most successful innovative companies invest in a purposeful deliberate manner in innovation.
- A repeatable and sustainable digital innovation framework
- Case studies

Transcript

1. Accelerate Innovation! Karin Verloop Managing Director Singapore
3. World leaders in Agile software development 29 offices in 12 countries 2500+ people Over 50 books, 6 currently in progress Software delivery, consulting, organisational change Global presence - big enough to trust, small enough to care
4. Themes 1. 2. 3.
5. Forces shaping business Economic constraints and rapid change Digital natives The need for agility Technology democratisation
7. The digital industrial economy
9. Business model innovation Management model innovation Product and service innovation
12. Management model innovation
13. Frederick Winslow Taylor “Scientific Management”, 1911 20th Century Management
14. “3 factors lead to better performance and personal satisfaction…” Engage and inspire
17. Product and service innovation Do Less.
19. Never Used 45% Rarely Used 19% Sometimes 16% Often 13% Always 7% Standish Group Do less: eliminate marginal value 64% of functionality never or rarely used
20. “Managing Your Innovation Portfolio”, Harvard Business Review, May 2012, Nagji & Tuff Innovation ambition matrix
21. 70% 20% 10% Innovation investments Core Adjacent Transformational “Managing your innovation portfolio”, Nagji and Tuff, HBR, May 2012 Firms that tend to outperform their peers: the 70-20-10 model
22. 10% 20% 70% ROI Core Adjacent Transformational “Managing your innovation portfolio”, Nagji and Tuff, HBR, May 2012 Distribution of returns on innovation investments
25. Risk
26. Minimum Viable Product Disciplined experimentation Get it out there – get feedback Iterate rapidly
27. ThoughtWorks’ customer-centric Digital Innovation Framework
28. Software at the heart of innovation Innovation at scale Lean product development Grow and scale
30. 400+  customers per day   4 days 80 ideas   3 actionable prototyped solutions   Pop-up design studio 400+  customers per day   80 ideas   3 actionable prototyped solutions  
32. Results Orders increased by Conversion increased by Total Order Value increased by
33. New revenue streams
34. 1. 2. 3. Summing up….
36. Disruptive thinking and empowering technology For people with ambitious missions   Karin Verloop karin@thoughtworks.com