Welcome

To
Innovation Strategies Presentation

Funded by the
European Union
Hult Ashridge Executive Education
• Global business school with executive
education programs
• Ranked among the best in the world.
• It help organizations to improve their
leadership talent, strategic thinking and
organizational culture.
• Locations: London, Ashridge
(Hertfordshire 30 minutes north London
190 acres), Dubai, Shanghai, New York,
Boston, San Fran Cisco.

Funded by the
European Union
 Meet the faculty
• Paul Griffith is an Innovation
and Strategy specialist Hult
Ashridge Executive
Education.
• He has Chemical Engineering
Degree from Imperial College,
London University and MBA
(Distinction) from London
Business School.

Funded by the
European Union
 What do you mean by Innovation

• Innovation: It is the process by which we create

and then act on idea that have value.
• Strategy: Strategy means setting goals and
priorities, determining actions to achieve the goals,
and mobilizing resources to execute the actions. It is
long term method for success.
• Innovation Strategy: Coming up with new concept
and fresh ideas that assists to drive organization
success.
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European Union
Paul Griffith - Innovation

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Example Innovation

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The three components of innovation strategy.

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 Innovation strategy contd.
Innovation agenda: A planning tools to define
specific goals & Innovatives based on participatory
process.
Innovation thesis: Evaluating project, where you are
now and where you want to be, trend, problem,
solutions.
Portfolio of inno. Innitiative: Analysis the gaps and
made solution. Where you are before, review the
current portfolio.
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Learn from failure

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 Technique to encourage innovation

 Celebrate failure
 Collaborate to work on unsuccessful idea.
 Lead by examples
 Establish the thought that no idea is a bad idea.
 Do not punish unsuccessful idea.

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 A leader's role in innovation:

Leaders play a crucial role in fostering innovation within the

workplace:
Leaders can play roles when managing innovation:
• Bottom-up role: The Leaders stimulate innovative results,
facilitate ideas and initiative coming from individuals, teams.
• Top-down role: Leaders can share and realize innovation
goals and strategies
Dealing with failure in innovation. Identifying opportunities as
well as the resources they need to exploit such opportunities
through innovation.
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European Union
Thanks

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European Union