tag:blogger.com,1999:blog-31947587.post3476710198003729984..comments2023-10-18T21:15:55.920+05:30Comments on prakki: Why "Value Thinking" is important for being innovative?Prakash Gurumoorthyhttp://www.blogger.com/profile/06048489597734317542noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-31947587.post-56707768839292026602010-12-27T10:31:04.928+05:302010-12-27T10:31:04.928+05:30Since I work in a company which recently added the...Since I work in a company which recently added the phrase "Practical Innovation" to its name, I say I agree with you :). <br /><br />We have to start exploring the possibilities of being more than the technical solution providers.<br /><br />I think many IT consultancies have taken note of the importance of domain expertise. In my own place there are more of BAs (Business Analysts) whose main purpose is to understand the intricacies of the clients' business and come up with suggestions.Sangahttps://www.blogger.com/profile/13521577952964689255noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-30961461610756979902010-12-25T20:33:32.193+05:302010-12-25T20:33:32.193+05:30Absolutely Rajesh- I think customers also need to ...Absolutely Rajesh- I think customers also need to realize what amount of time they need to spend with "trusted advisors" and thats what Michael Schrage elaborates. Yeah IT firms are moving "upstream" and strategy firms are moving "downstream". My focus on this blog was more to understand "value thinking" and how we can practice that as individuals as that is the need of the hour...Prakash Gurumoorthyhttps://www.blogger.com/profile/06048489597734317542noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-83112780612119104642010-12-25T01:53:20.023+05:302010-12-25T01:53:20.023+05:30Innovating on process / technology will be account...Innovating on process / technology will be accounted for through self-selection: in order to stay competitive, if continuous improvement on efficiency / effectiveness of process / technology does not occur, firm X will lose out to competition. I have a slightly different take on customers' expectations of innovation and it has everything to do with improving "customer business". Customers are willing to remove the distinction between "IT firms" and "Strategy firms" and are willing to pay trusted advisors. The role of trusted advisors will be rewarded and the key expectation of them is often the answer to the questions "How can I remain not only relevant but also competitive; who is willing to have their skin in the game (with me) from ideation to implementation?" It is therefore not surprising to see that "IT firms" strive to provide strategic consulting while "Strategy firms" are gradually expanding into technology solutions delivery.Rajeshnoreply@blogger.comtag:blogger.com,1999:blog-31947587.post-76608203041708535142010-12-24T22:25:27.942+05:302010-12-24T22:25:27.942+05:30Thanks Varun, Lalit, Naveen, Prakash and Yogashish...Thanks Varun, Lalit, Naveen, Prakash and Yogashish for your insights and views. Keep them flowing- I will be writing 2 more posts on this! <br /><br />Would love to hear from you guys.Prakash Gurumoorthyhttps://www.blogger.com/profile/06048489597734317542noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-39237111883559464802010-12-24T22:24:02.950+05:302010-12-24T22:24:02.950+05:30@ Mahendra- Fair points but a lot of innovation is...@ Mahendra- Fair points but a lot of innovation is happening at India and China. In fact, most companies today have an Innovation Head or a Innovation Officer. Companies do encourage and give freedom for sure. A lot of companies are also listening to the end customer for innovation- It has moved from employees, partners to end consumers as well.<br /><br />For example:<br />1) HTC phone has a polite ringer. The ringer goes mute when the phone is flipped. This was a feedback from a user!!<br />2) Nestle experiments all new flavours of Maggi based on end user feedback<br />3) HP created DreamScreen after speaking with 2500+ Indian families<br /><br />Corporates have portals, sites for this activity- quite notable ones are:<br />1) www.innovationforeveryone.com by VW<br />2) Gojiyo by Godrej<br />3) HLL has got a kiosk conceptPrakash Gurumoorthyhttps://www.blogger.com/profile/06048489597734317542noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-64362010923584405132010-12-24T18:57:03.452+05:302010-12-24T18:57:03.452+05:30WoW, amazing to see Prakash that you did take out ...WoW, amazing to see Prakash that you did take out time from your busy schedule to share this master piece of thoughts. I subscribe to it 100%.<br /><br />However, I would like to list out some of the challenges:<br /><br />1. Ability to think and act like a leader - Specially, in case of India; I find we are lacking leadership qualities like never before.<br /><br />2. Market, Stock market and number driven companies: In a world where quarter to quarter is focused on, very difficult for employees to go beyond there deliverables or numbers. There are very few companies like Apple or Google who goes etc miles for innovation. Mostly, I see copy caters.<br /><br />3. Naming convention: How many companies do you see with positions like Client Innovation Officer or Company Innovation Head etc?<br /><br />4. Long-term prospective: How many of us can think beyond a year or two today?<br /><br />5. Ability to read: in this twitter world, people have lost the ability to read a large volume of content. Whereas, we are generating highest volume of content in the history. <br /><br />6. Freedom: Does companies allow or encourage the risk taking at the cost of direct impact of top lines?Anonymoushttps://www.blogger.com/profile/14689343895792214521noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-40271293285323284162010-12-22T00:38:02.260+05:302010-12-22T00:38:02.260+05:30Hi Prakash,
This is a brilliant post with excelle...Hi Prakash,<br /> This is a brilliant post with excellent pointers. There are many of us within IT especially in the support realm who can work with their eyes closed - similar issues and similar solution. How different is such a job from that of say an A/P clerk?<br /><br />We had a great post in ch1 on socializing mundane jobs and making them fun. If innovation can start right from such mundane jobs, the opportunities/scope are enormous for us to explore.Prakash Vaidhyanathannoreply@blogger.comtag:blogger.com,1999:blog-31947587.post-68495517696841648872010-12-20T23:52:52.580+05:302010-12-20T23:52:52.580+05:30Prakash - First of all very interesting subject an...Prakash - First of all very interesting subject and matching write up. As we have taken a dipper dive in this area, we know challenges in hand.<br /><br />Its time to change the course of action for IT companies. Its logical movement from body shopping era to delivery ownership to business partnership. We can use different vocab to describe this phenomenon, Staff aug, Time and Material, Fix bid, Managed service and finally Business aligned delivery. It requires structural change in way the IT companies operating. I guess "value add" or "innovation" expectations are early clues for next level of maturity for IT companies.Yogshttps://www.blogger.com/profile/01881673727742987953noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-34465512291505010512010-12-20T13:56:15.461+05:302010-12-20T13:56:15.461+05:30Hi Prakash,
Hit on the Bulls Eye!!!
Lot many peo...Hi Prakash,<br /><br />Hit on the Bulls Eye!!!<br /><br />Lot many people talk about Innovation and its need for survival but very few actually really understand what kind of transformations is required. <br /><br />Innovation is all about enriching the flexibility to change the Value system and bringing the cultural shift in the organisation.<br /><br />Value thinking is the real key or the base for this. I appreciate your views and look forwards for more jems of your experience. <br /><br />Naveen SaksenaSix Sigma for allhttps://www.blogger.com/profile/14942572550136933591noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-6907297013935701762010-12-20T10:36:07.503+05:302010-12-20T10:36:07.503+05:30Nice Post Prakash.. Agree with you that the jargon...Nice Post Prakash.. Agree with you that the jargon is being used very extensively these days !!<br /><br />Also, Innovation could be anything which is more efficient & better way of doing things & need not neccasarily be a big change (this is the mis conception most people have) <br /><br />Looking forward for your next postUnknownhttps://www.blogger.com/profile/11204946137937186008noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-26254400917207663742010-12-20T01:50:38.506+05:302010-12-20T01:50:38.506+05:30This is an extremely well-written article that hit...This is an extremely well-written article that hits the nail on the head with regard to innovation from a vendor perspective, Prakash. I especially loved the point that speaks about the importance of laying out a roadmap for the future, without which all talk and gyan about innovation without the target state clearly defined does not provide any value. It is also heartening to note that a number of firms are recognizing the value of innovation and ensuring that their employees understand the same too!<br /><br />Keep them coming:)!Varunhttps://www.blogger.com/profile/06972770643290560092noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-3458927032768596932010-12-19T19:26:30.532+05:302010-12-19T19:26:30.532+05:30@Dave- Haha...Meaning of Life will come shortly. K...@Dave- Haha...Meaning of Life will come shortly. Keep watching the space...My son is already giving me those pearls of wisdom every day...Prakash Gurumoorthyhttps://www.blogger.com/profile/06048489597734317542noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-91480465413506239822010-12-19T19:25:04.475+05:302010-12-19T19:25:04.475+05:30Mr.Anonymous- The point 4 trait of "Stay Hung...Mr.Anonymous- The point 4 trait of "Stay Hungry and Stay Foolish" is NOT from a TED talk. Its from Steve Jobs stanford graduation ceremony transcript- Maybe the TED guys lifted from Steve Jobs....Nevertheless, I found this relevant for "value thinking".Prakash Gurumoorthyhttps://www.blogger.com/profile/06048489597734317542noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-49988652991902560602010-12-19T19:23:34.961+05:302010-12-19T19:23:34.961+05:30Thanks Veena and Shoba for the encouraging words!Thanks Veena and Shoba for the encouraging words!Prakash Gurumoorthyhttps://www.blogger.com/profile/06048489597734317542noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-84723627716046800622010-12-19T19:22:55.321+05:302010-12-19T19:22:55.321+05:30@ Harry and @Godson- Approaching the customer on i...@ Harry and @Godson- Approaching the customer on innovation can be on one of many ways but I would tend to start with "engagement". It can be a minor engagement with an investment or a paid one with no rider on success or failure. Its an attempt. Period. This is what Michael Schrage calls as "innovation introduction". The problem I perceive on innovation is simple- Everyone likes to talk about it but in terms of concrete actionables, they backoff if they need to spend time specifically.Prakash Gurumoorthyhttps://www.blogger.com/profile/06048489597734317542noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-39233146659680119282010-12-19T19:05:52.623+05:302010-12-19T19:05:52.623+05:30Yes Prakash, it makes sense for IT firms to apply ...Yes Prakash, it makes sense for IT firms to apply innovation on what is our core area to help the innovation in the customer's core area.<br />Coming to courage I would say "No idea is a bad idea" and it is better to have tried and lost than never to have tried at all :)<br />Nice post connecting "value thinking" and Innovation.Shoba Jagannathannoreply@blogger.comtag:blogger.com,1999:blog-31947587.post-7792363973200211212010-12-19T05:52:17.597+05:302010-12-19T05:52:17.597+05:30Hi Prakash,
I completely agree to the fact of va...Hi Prakash,<br /><br />I completely agree to the fact of value thinking and how important is to be innovative in the line of business which we are into.<br /><br />I work for the financial services where innovative is a must and the customer expects you to come out with a process innovation everytime u speak to him, which is cost saving as offshoring is all about saving $.<br /><br />In my case I have the innovative idea.But how to present it? whom to present it? how to nurture that idea and sell it? This is where many of the persons are struck and the idea is dead.<br /><br />Appreciate if you could elabrote it to one step below of few important details of how it has to be done and what are the points that needs to be considered to put it forward so that at the day end I get a satisfaction that I have done something apart from my routine work.<br /><br />I want to stay hungry and Stay foolishHarryhttps://www.blogger.com/profile/14994928312122744509noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-28320344342826995282010-12-18T18:50:24.927+05:302010-12-18T18:50:24.927+05:30Amazing post Prakash..You have really thought thro...Amazing post Prakash..You have really thought through a lot of aspects and having actually seen what works on the ground have really shared a priceless post. Please continue to post and share these pearls with us.<br /><br />VeenaVeenahttps://www.blogger.com/profile/14178343708727114000noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-10819705385867352242010-12-16T21:29:31.787+05:302010-12-16T21:29:31.787+05:30Come on. Who can read this? What about something...Come on. Who can read this? What about something engaging, like the meaning of life?!Davehttps://www.blogger.com/profile/07503954939497886619noreply@blogger.comtag:blogger.com,1999:blog-31947587.post-48822138855311246672010-12-15T22:54:36.353+05:302010-12-15T22:54:36.353+05:30Aha! Traits required for “value thinking”, point n...Aha! Traits required for “value thinking”, point no. 4<br />Stolen lines from a TED talk! ;pAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-31947587.post-64600110000066184792010-12-15T17:50:17.313+05:302010-12-15T17:50:17.313+05:30As you mentioned in the first para we dont expect ...As you mentioned in the first para we dont expect the "vegetables-fruits-on-demand-service provider" for innovation, but IT firm have to.<br /><br />Your blog is more informative to learn the possibilites of innovation. Looking forward from you on the approaches how we can suggest innovation for the Customer. To be clear - How to fix an appointment with the Customer to learn his process and suggest improvements, with the right words, so that it turns to a business deal.hezedgodsonhttps://www.blogger.com/profile/02405931642551807629noreply@blogger.com