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INNOVATIONISM@SCHNEIDER
CHIRANTAN CHATTERJEE, IIM BANGALORE
DECEMBER 8, 2016
All figures are from the internet unless othe...
Its all about Innovationism
• “Without tradition, art is a flock of sheep without a shepherd.
Without innovation, it is a ...
What is Innovation?
• Joseph Schumpeter, the Austrian economist defined innovation:
• It could be the introduction of new ...
What is Innovation?
• Joseph Schumpeter, the Austrian economist defined innovation:
• It could be the introduction of new ...
Who will do Innovation?
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG U...
Who will do Innovation?
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG U...
Who will do Innovation?
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG U...
Who will do Innovation?
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG U...
Linear Model of Innovation
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LA...
Firm Size and Innovation
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG ...
Pasteur’s Quadrant
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG USERS
...
Democratizing Innovation
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD USERS LAG ...
Location & Polycentric Innovation
PUBLIC SECTOR PRIVATE SECTOR
LARGE FIRMS ENTREPRENEURS
INDIVIDUAL EMPLOYEES TEAMS
LEAD U...
Innovationism for Organizations
• Innovation Audit
• Appropriating rents from innovation
• Incentivizing innovation
• Metr...
Innovationism for Organizations
• Innovation Audit (Pre-mortem and post-mortem)
• Appropriating rents from innovation (Tec...
Economic History of Innovationism
https://www.youtube.com/watch?v=RRWKzVlbXEY
Responsible Innovationism
Wrapping Up
INNOVATIONISM
INNOVATION
POLICY &
ECONOMY
WHO WILL
INNOVATE?
RESPONSIBLE
INNOVATIONISM
HISTORY OF
INNOVATION
I...
Thank You
Email: chirantan@gmail.com
Scholar.Google: https://scholar.google.co.in/citations?user=8NcyqgYAAAAJ&hl=en&oi=ao
...
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The Future of Innovationism

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Talk on Innovation Day at Schneider Electric R&D Center, Bangalore.

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The Future of Innovationism

  1. 1. INNOVATIONISM@SCHNEIDER CHIRANTAN CHATTERJEE, IIM BANGALORE DECEMBER 8, 2016 All figures are from the internet unless otherwise mentioned. Copyrighted to Chirantan Chatterjee
  2. 2. Its all about Innovationism • “Without tradition, art is a flock of sheep without a shepherd. Without innovation, it is a corpse.” • Winston Churchill • Is there a trade-off between tradition and innovation? • Is it worth having a shepherd for your Innovationism?
  3. 3. What is Innovation? • Joseph Schumpeter, the Austrian economist defined innovation: • It could be the introduction of new goods • Of an improved or better method of production • Opening of a new market • Conquest of a new source of supply of raw materials • Better organization of any industry
  4. 4. What is Innovation? • Joseph Schumpeter, the Austrian economist defined innovation: • It could be the introduction of new goods • PRODUCT INNOVATION (THE ROLE OF BASIC RESEARCH & INDUSTRIAL RESEARCH) • Of an improved or better method of production • INCREMENTAL INNOVATION • Opening of a new market • THE ENTREPRENEURIAL UNCOVERING OF UNMET NEED (DISRUPTION) • Conquest of a new source of supply of raw materials • VERTICAL INTEGRATION • Better organization of any industry • BUSINESS MODEL INNOVATION
  5. 5. Who will do Innovation? PUBLIC SECTOR PRIVATE SECTOR LARGE FIRMS ENTREPRENEURS INDIVIDUAL EMPLOYEES TEAMS LEAD USERS LAG USERS DEVELOPED MARKETS EMERGING MARKETS
  6. 6. Who will do Innovation? PUBLIC SECTOR PRIVATE SECTOR LARGE FIRMS ENTREPRENEURS INDIVIDUAL EMPLOYEES TEAMS LEAD USERS LAG USERS DEVELOPED MARKETS EMERGING MARKETS
  7. 7. Who will do Innovation? PUBLIC SECTOR PRIVATE SECTOR LARGE FIRMS ENTREPRENEURS INDIVIDUAL EMPLOYEES TEAMS LEAD USERS LAG USERS DEVELOPED MARKETS EMERGING MARKETS
  8. 8. Who will do Innovation? PUBLIC SECTOR PRIVATE SECTOR LARGE FIRMS ENTREPRENEURS INDIVIDUAL EMPLOYEES TEAMS LEAD USERS LAG USERS DEVELOPED MARKETS EMERGING MARKETS Innovation Policy & the Economy or IPE
  9. 9. Linear Model of Innovation PUBLIC SECTOR PRIVATE SECTOR LARGE FIRMS ENTREPRENEURS INDIVIDUAL EMPLOYEES TEAMS LEAD USERS LAG USERS DEVELOPED MARKETS EMERGING MARKETS
  10. 10. Firm Size and Innovation PUBLIC SECTOR PRIVATE SECTOR LARGE FIRMS ENTREPRENEURS INDIVIDUAL EMPLOYEES TEAMS LEAD USERS LAG USERS DEVELOPED MARKETS EMERGING MARKETS
  11. 11. Pasteur’s Quadrant PUBLIC SECTOR PRIVATE SECTOR LARGE FIRMS ENTREPRENEURS INDIVIDUAL EMPLOYEES TEAMS LEAD USERS LAG USERS DEVELOPED MARKETS EMERGING MARKETS
  12. 12. Democratizing Innovation PUBLIC SECTOR PRIVATE SECTOR LARGE FIRMS ENTREPRENEURS INDIVIDUAL EMPLOYEES TEAMS LEAD USERS LAG USERS DEVELOPED MARKETS EMERGING MARKETS
  13. 13. Location & Polycentric Innovation PUBLIC SECTOR PRIVATE SECTOR LARGE FIRMS ENTREPRENEURS INDIVIDUAL EMPLOYEES TEAMS LEAD USERS LAG USERS DEVELOPED MARKETS EMERGING MARKETS
  14. 14. Innovationism for Organizations • Innovation Audit • Appropriating rents from innovation • Incentivizing innovation • Metrics for innovation • 2-sided platforms for innovation • Chief Innovation Officer?
  15. 15. Innovationism for Organizations • Innovation Audit (Pre-mortem and post-mortem) • Appropriating rents from innovation (Technology & commercialization) • Incentivizing innovation (Structural incentives versus prizes) • Metrics for innovation (input and output) • 2-sided platforms for innovation (Seekers and Solvers) • Chief Innovation Officer? (Hydra-Headed)
  16. 16. Economic History of Innovationism https://www.youtube.com/watch?v=RRWKzVlbXEY
  17. 17. Responsible Innovationism
  18. 18. Wrapping Up INNOVATIONISM INNOVATION POLICY & ECONOMY WHO WILL INNOVATE? RESPONSIBLE INNOVATIONISM HISTORY OF INNOVATION INNOVATIONISM FOR ORGANIZATIONS WHAT IS INNOVATION - LINEAR MODEL - SIZE & INNOVATION - PASTEUR’S QUADRANT - DEMOCRATIZING INNOVATION - LOCATION OF INNOVATION
  19. 19. Thank You Email: chirantan@gmail.com Scholar.Google: https://scholar.google.co.in/citations?user=8NcyqgYAAAAJ&hl=en&oi=ao SSRN: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=830407

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