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Growth vs. Innovation

Growth vs. Innovation. BIHE 7th Annual International Conference October 14 th , 2005. Aleks Blumentals, CEO. Aleks Blumentals Latvian-Venezuelan Consultant for 20+ years And…. True or false?. Better products or services are the best way to beat strong competitors. True or false?.

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Growth vs. Innovation

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  1. Growth vs. Innovation BIHE 7th Annual International Conference October 14th, 2005 Aleks Blumentals, CEO

  2. Aleks Blumentals Latvian-Venezuelan Consultant for 20+ years And…

  3. True or false? • Better products or services are the best way to beat strong competitors

  4. True or false? • Innovation is unpredictable and should be dealt with a portfolio approach

  5. True or false? • Managers should focus on growth first, not profitability

  6. Disruptive Innovations growth vs. innovation Pace of technological progress Growth Sustaining Innovations Performance Performance that customers can absorb (C. Christensen, Harvard 2003) Time

  7. New theories replace old ones rather than building on them; “a succession of tradition-bound periods punctuated by non-cumulative breaks” Thomas Kuhn (1922-1996), The Structure of Scientific Revolutions

  8. Beat competitors with asymmetries of motivation • Existing competitors rarely will seek to detect non-consumption and may be unable to do so • Existing competitors will exit unattractive segments leaving the space to new entrants • Existing competitors will not fight for non-consumers that can be satisfied with lower performing products (C. Christensen, Harvard 2003)

  9. Growth is a set of discipline, methods and techniques Consists mostly of improvements within the accepted paradigm It is instilled in people, processes, and culture growth = management science

  10. Innovation is the discovery of what is known only subliminally It consists of dimly perceived processes that sustain progress towards a higher stage of realization Often leads to paradigm changes Is responsible for 80%+ of value creation measured by capitalization in the stock exchange innovation = symbolic thinking

  11. "A key difference between a dialogue and an ordinary discussion is that, within the latter people usually hold relatively fixed positions and argue in favor of their views as they try to convince others to change. At best this may produce agreement or compromise, but it does not give rise to anything creative." David Bohm, Physicist 1917-1992 Science Order, and Creativity dialogue = innovation We are barely at the beginning of understanding this

  12. Thank You!

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