Thursday, February 02, 2006

Growth and Innovation Conference Day Two

Just back from the Growth and Innovation Conference hosted by the Conference Board. On the whole a very good conference. There were some great speakers and the attendees were clearly very focused and very serious about innovation.

Today (Thursday) there were several very interesting talks that I had the opportunity to attend. Here's a recap of several of those talks:

Chris Steel, a senior partner at PA Consulting, headlined and talked about the way PA innovates. PA is a consulting firm, but it "spawns" new companies through its intellectual property. PA has a very firm process and discipline to its approach, which Chris outlined. PA, as a consulting firm, has spawned several hardware firms and software firms. They entice and incent their teams to create new companies around intellectual property, and provide venture money to get these firms started. It sounds like PA does a good job of developing and launching these new firms.

Next, Madan Birla spoke about his book, FedEx Delivers. He spoke about the growth of FedEx and how its focus on innovation has propelled it to its dominant position. Madan has characterized the five attributes about FedEx that made it successful - mostly around the FedEx team members. He felt the people in FedEx were helped tremendously by a culture that incorporates innovation into the very fabric of the business. I've misplaced my notes so now I'll have to read the book, but if his book is as good as his presentation, it will be well worth it. Madan focuses a lot on the culture of FedEx and how that impacts its innovation capabilities.

Next, Navi Radjou, VP at Forrester Research led a discussion topic on the Impact of India and China on Global Innovation. From the speakers, it's clear that India, China and other countries are really focusing on innovation. For a relatively small show, less than 200 attendees, there were a lot of attendees from India, China, and western European countries. Innovation is clearly a focus for firms in every geography.

These were the events I was able to attend today. I'd encourage you to check out the next Innovation Conference from the Conference Board. I was very impressed by the attendees and the speakers and look forward to their next event.

My takeaways after the conference: Innovation is clearly an important topic in many firms. However, there's not a clear consensus on how to approach innovation. Should it be considered as something that R&D does and needs to do better? Should it be a corporate wide initiative? How do we measure and manage innovation? Should innovation address products, business models or other functions? Right now, many firms are grappling with these types of questions.

Just like with Six Sigma, Sarbox or other recent corporate initiatives, these attendees and their firms need some more definition about innovation and what it means to them, and a road map to use to implement plans to become more innovative.
AddThis Social Bookmark Button
posted by Jeffrey Phillips at 1:44 PM

34 Comments:

Blogger Richard Atkinson said...

I used to work in the Technology Consulting Practice of PA Consulting where, for example, Ubinetics was sprung from.

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

Great blog.

4:15 PM  
Anonymous Generic Viagra Online said...

Thanks for sharing this post.......
Its quiet amazing and interesting also.

10:32 PM  
Anonymous how to stay erect said...

i agree with you. i had similiar problem and i used what you ave taught and it worked like magic

10:53 PM  
Anonymous wisata kuliner bandung said...

i agree with you. i had similiar problem and i used what you ave taught and it worked like magic

10:56 PM  
Anonymous belajar internet marketing said...

i agree with you. i had similiar problem and i used what you ave taught and it worked like magic

10:56 PM  
Anonymous delayed orgasm said...

i agree with you. i had similiar problem and i used what you ave taught and it worked like magic

10:56 PM  
Anonymous delaying ejaculation said...

i agree with you. i had similiar problem and i used what you ave taught and it worked like magic

10:56 PM  
Anonymous how to last longer in bed said...

i agree with you. i had similiar problem and i used what you ave taught and it worked like magic

10:56 PM  
Anonymous how to avoid premature ejaculation said...

i agree with you. i had similiar problem and i used what you ave taught and it worked like magic

10:57 PM  
Anonymous how to prevent premature ejaculation said...

i agree with you. i had similiar problem and i used what you ave taught and it worked like magic

10:57 PM  
Anonymous how to prolong ejaculation said...

i agree with you. i had similiar problem and i used what you ave taught and it worked like magic

10:57 PM  
Anonymous Invertir en oro said...

Used. Case is a bit worn but contents in good condition.

9:30 AM  
Anonymous konsultan seo said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

12:53 AM  
Anonymous asuransi pendidikan said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

12:53 AM  
Anonymous action coach said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

1:01 AM  
Anonymous jadi artis said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

1:02 AM  
Anonymous cara dapat duit said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

1:03 AM  
Anonymous kerja sama investasi said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

1:04 AM  
Anonymous coach indonesia said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

1:04 AM  
Anonymous jajanan bandung said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

1:04 AM  
Anonymous coklat valentine said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

1:05 AM  
Anonymous Panduan SEO said...

I stand by everything said by the headline speaker, but would also comment that consultants often leave to start up their own technology businesses, so the innovation transfers out of PA with that model too.

1:05 AM  
Anonymous konsultan perusahaan said...

I think people fear idea management and innovation because there's a significant number of ideas that simply won't plan out.......Nice statement.....keep posting

10:07 PM  
Anonymous belajar internet marketing said...

this day I've been searching for information on various issues, this I found very good and I would like to congratulate you for your work.

10:08 PM  
Anonymous parcel lebaran said...

I think that this post is one of the best that i have read in my life, congrats you did a great job,.

10:08 PM  
Anonymous delayed orgasm said...

the difference between the content spammers and most corporate innovators is that the smaller

10:08 PM  
Anonymous how to avoid premature ejaculation said...

I'm writing to you because I just came across a business that I think has great potential. It lets you save money on almost everything. Make money from almost everything,

10:09 PM  
Anonymous konsultan seo said...

If growth is important to a firm, and if growth is dependent on offering existing products and services to new customers

10:09 PM  
Anonymous tabungan pendidikan said...

innovation is very natural and happens in the "real world" as new plants and animals colonize new ecological niches.

10:10 PM  
Anonymous mengecilkan perut said...

I wonder how you got so good. This is really a fascinating blog, lots of stuff that I can get into. One thing I just want to say is that your Blog is so perfect

10:10 PM  
Anonymous how to teach dogs tricks said...

We generally think most specifically about the risk associated with a new product introduction

10:10 PM  
Anonymous easy way to get pregnant said...

I would be aware that as somebody who really doesn’t comment to blogs a lot (in actual fact, this may be my first put up), I don’t think the time period “lurker” is very flattering to a non-posting reader.

10:10 PM  
Anonymous alat ternak said...

Thanks a lot for this time sharing of innovation about GROWTH AND INNOVATION CONFERENCE DAY TWO. This is really the best website about innovation i have ever read.

9:14 AM  
Anonymous cure hemorrhoids naturally said...

I look forward to another article. It would be nice to have, too.

11:48 PM  

Post a Comment

<< Home