Tips for innovation; How companies small and large stay ahead of their competition

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Information about Tips for innovation; How companies small and large stay ahead of their...
Business

Published on October 18, 2014

Author: ChiragKulkarni1

Source: slideshare.net

Description

This talk was delivered by Chirag Kulkarni, the CEO of C&M Group, to Fordham Universities MBA program. C&M Group is a global strategy consulting firm focused on growth and new product innovation for startups to Fortune 500s.

1. Tips for Innovation How companies small and large stay ahead of their competition Chirag Kulkarni @cgkulks CEO of C&M Group

2. Who am I? Serial Entrepreneur, advisor, Motowner

3. What is Innovation?

4. 1.People 2.Process 3.Product

5. 1.Purpose 2.People 3.Process 4.Product

6. 1. What is your purpose • Why do you exist? “To bring inspiration and innovation to every athlete in the world” “To inspire and nurture The Human Spirit – one person, and one cup at a time”

7. Difference?

8. Emphasis on mission, not money!

9. The STR story • Early Startup • Money > Mission • Cost Cutting vs. Customer Service

10. • Kevin Systrom – Founder of Instagram • Build a community

11. 2. People Care? Retention? Empowerment? Growth?

12. • John Pepper – Founder • Operated like a typical fast food chain • Realized people do tedious jobs • Improved: Salary for employees, benefits

13. People #2 • Hire right from the start • Focus on transparency vs. dominance • Encourage new ideas

14. 3. Process • How NOT to Innovate • Linear Model

15. Process – How to Innovate • Bring people together • People = catalyze innovation • Horizontal vs. Vertical Management • Market Pull

16. • Group of Entrepreneurs • Gap in consulting industry • “Entrepreneurial Consulting for entrepreneurial organization”

17. • Partner network • 60% of revenues • “We help you, you help us “

18. 4. Product • “Look in the future by looking deep in the present; real needs, issues, from the top to bottom” - Hal Gregersen, Insead • More value for the same products

19. Thoughts on Product • Jump the curve • Iterate, iterate, and iterate • Customer feedback

20. Questions? Chirag Kulkarni @cgkulks Chirag@chiragkulkarni.com

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