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Value Cube and Business Innovation

Value Cube and Business Innovation. Witman Hung BA( Hons ) MBA MA LLM PhD FHKIoD FCMI FBCS FHKCS FiProA CITP Chairman Emeritus, Y Elites Association President , Internet Professional Association. AGENDA. 1. What is value cube?

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Value Cube and Business Innovation

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  1. Value Cube and Business Innovation Witman Hung BA(Hons) MBA MA LLM PhD FHKIoD FCMI FBCS FHKCS FiProA CITP Chairman Emeritus, Y Elites Association President , Internet Professional Association

  2. AGENDA 1. What is value cube? 2. Value cube - to you, to your customers, to your customers' stakeholders  3. Innovation? Product / services, marketing , organization and business model 4. Value cube concept to business innovation 

  3. Value Cube Customer You Boss

  4. Value3 • What You Get? (Value) • What You Bring to the Boss? (Value2) • To His Customer?(Value3) • WIIIFM (What Is In It For Me)?

  5. Create Value – The So What Test? • Will this help the Company/Customer? • Increase Revenue ? • Decrease Cost • All other value should be able to be converted into the above two(eg. Customer Satisfaction, Image, Efficiency etc) • That’s what really Matters! • Otherwise SO WHAT?

  6. Our world has changed

  7. Setting the scene - Changes in the Internet Age • The World is Flat • 7x24x365 • Jobs disappeared • Secretary, Receptionetc • New Jobs • Content Manager/Web Master • On-line Community Manager etc • Changing way of working • Changing way of Competition • David & Goliath • Winner Takes All!

  8. The Net Generation • Your Generation! • Internet is like TV and Power • Always on-line • Virtual is Reality • Low Loyalty, Low Tolerance • High Flexibility, High Innovation • New Way of Consumption • New Way of Working

  9. Digital City Equality Connected Green

  10. Digital Community Consensus ．Inclusive． Participatory 11

  11. Digital Enterprise in Big Data Era Connected．Collaborated．Responsible

  12. How long it takes to reach 50 Million Customers? 15 Years http://www.youtube.com/watch?v=YmwwrGV_aiE

  13. How long it takes to reach 50 Million Customers? 4 Years

  14. How long it takes to reach 50 Million Customers? 9 Months In 2013, Facebook has 1 billion users

  15. Innovation & Creativity is the Key

  16. Innovation Products/Services Business Models People Organization

  17. Mr. Zhang Xiaoming, Director of Liaison Office of the Central People' s Government of China in the HKSAR: "Hopefully, Hong Kong youths do not merely benefit from innovation, but set high aims and have lofty aspirations towards a wider horizon and long-term view. They can flourish in the new era of innovation by striving to be bold, creative visionaries as well as doers carrying out actions."Mrs. Carrie Lam Cheng YuetNgor, Acting Chief Executive of HKSAR: "The SAR government fully supports diversity in employment to fully develop the multi-faceted potentials of our youths. The government places importance on developing the economy, because we are convinced that it is through sustained economic development that deep-seated issues in society can be resolved."

  18. People Innovation

  19. Who is more innovative?

  20. Innovation Index 退休 Source: Chic Thompson, ‘What a great Idea!’, Harper Collins (2001) & Paul Iske, Know Com

  21. A Whole New Mind High Touch High Concept

  22. 6 senses

  23. Design

  24. Story

  25. Empathy

  26. Play “ A Happy workforce makes for a healthy bottom line” Financial times

  27. Meaning

  28. Symphony

  29. Business Model Innovation

  30. Prosumer • Producer + Consumer • Creative + Consumer • Learn from your customer (e.g. Apple) • Mass customization • Open Innovation

  31. Open Innovation

  32. Business Models Innovation

  33. Business Models Innovation • Virtual Cash and Internet Games

  34. Business Models Innovation

  35. Business Models Innovation

  36. Business Models Innovation

  37. Vending Machine?

  38. Slot Machine?

  39. Applying Value3 in innovation • What ? • How ? • Why ? • Needs vs Wants. Cut the value chain

  40. Thank You! witman.hung@gmail.com FB: Witman hung

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