Tapping the Worlds Innovation Hot Spots

John Kao Harvard Business Review

Ross Dick Nick Ellis Melody Smith Jones

Presented By-: Naval Bhushania JGI IDEA

Systems Integration Mix & Match Approach

Changing dynamics of global innovation: What are the implications of this new Innovation World? Systems Integration Approach: companies can take advantage of the differences in national environments through innovation arbitrage Four Innovation Models: some exist in pure form while others are a component of a nations overall innovation strategy Mix & Match: Choose from among the following models and/or blend country and corporate strategies

Model 1 The Focused Factory

What is a focused factory Clear strategic intent Infrastructure Talent Examples: Denmark Singapore Biopolis and Fusionopolis Who Benefits? Key Players: GlaxoSmithKline (GSK) Novartis

Model 2 Brute Force

What is Brute Force Large source of low-cost labor Innovation opportunities Law of Averages Examples: China India Who Benefits? Key Players: Microsoft Berkshire Hathaway

Model 3 Hollyworld
What is a Hollyworld Forming a global creative class (Silicon Valley effect) Developing an enticing innovation destination Examples:
India Indian Institutes of Technology grads merged w/ Indian US Tech school grads Singapore Funding life-science grad students

Who Benefits?

Model 4 Large-Scale
Ecosystems
What is a Large-Scale ecosystem End to end innovation systems Stewardship, funding bodies, Research Institutions, academia, etc. Self-contained environments Alliance-management skills needed Example: Finland Focus on education, science, & technology (Aalto) Who Benefits?

Driving Forces
of Global Innovation
1) Innovation as a currency of global competition pursuing the global dream; countries in-source American culture 2) Global war for talent talented young innovators can be attracted anywhere through incentives and opportunities 3) Innovation as a national agenda nations increasingly embrace innovation as a national priority 4) Power of networks global networks are becoming increasingly intertwined

Are you ready for innovation world?

Understand emerging models of innovation Knit together different strengths within and outside the firms walls Cultivate relationship building skills and alliance management in order to become a trusted members of the local community