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
   

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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
   

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4. Themes
   1. 2. 3.
   

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5. Forces shaping business
   Economic constraints and rapid change Digital natives
   The need for agility Technology democratisation
   

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7. The digital industrial economy
   

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9. Business model innovation
   Management model innovation
   Product and service innovation
   

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12. Management model innovation
    

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13. Frederick Winslow Taylor
    “Scientific Management”, 1911
    20th Century Management
    

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14. “3 factors lead to better performance and
    personal satisfaction…”
    Engage and inspire
    

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17. Product and service innovation
    Do Less.
    

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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
    

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20. “Managing Your Innovation
    Portfolio”,
    Harvard Business Review,
    May 2012, Nagji & Tuff
    Innovation ambition matrix
    

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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
    

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22. 10%
    20%
    70%
    ROI
    Core
    Adjacent
    Transformational
    “Managing your innovation portfolio”,
    Nagji and Tuff, HBR, May 2012
    Distribution of returns on innovation investments
    

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25. Risk
    

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26. Minimum Viable Product
    Disciplined experimentation
    Get it out there – get feedback
    Iterate rapidly
    

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27. ThoughtWorks’ customer-centric
    Digital Innovation Framework
    

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28. Software at the heart of innovation
    Innovation at scale
    Lean product development
    Grow and scale
    

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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  
    

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32. Results
    Orders increased by
    Conversion increased by
    Total Order Value increased by
    

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33. New revenue streams
    

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34. 1. 2. 3.
    Summing up….
    

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36. Disruptive thinking and empowering technology
    For people with ambitious missions  
    Karin Verloop
    karin@thoughtworks.com
    

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