Day 5 – GAMP -October, 2015

  1. Visit to TechShop
  2. Techshop helps people to realise their dreams
  3. They rpovide necessary infrastructure for development of ideas and monetize it

Visit to UC Berekeley – Haas School of Management

  1. 1st Public University in the World
  2. Home for the highest number of Nobel Laurets

Some Takeaways:

  1. USA suffered longer and deeper recession but recovery was faster due to innovation
  2. Innovation takes place among heterogeneous populations
  3. Study of Philips, P & G, IBM  – Days of silos are over and degree of openness fertile the innovation road map
  4. Platform model and partnership model can be explored. The JV of CISCO is an example
  5. RBS believes in giving back to the society

 

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Day -4 –10th Global Advanced Management Programme, October 25 – 31, 2015, USA

30/10/15 22:18:12: Dr Somesh Mittal: Chevron  Mr Jairom Feriante

9 am to 10. 30 am

TiE Silicon Valley

Standard chartered bank

Mr Tac Leung

11.30 am to 1 pm

Kaiser Permanente international

Ms Molly Porter

2 pm to 3.30 pm

What is Kaiser Permanente?

Kaiser Permanente is committed to helping shape the future of health care. We’re a health plan, a hospital system, and a medical group, all working together—making it easier for us to give our members high-quality, coordinated, and affordable care that’s convenient for them.

Kaiser Strategy

Vision 2025: What Kaiser Aspire to Become We are trusted partners in total health, collaborating with people to help them thrive and creating communities that are among the healthiest in the nation.

Session with Jarom Feriante, Innovation Consultant, Chevron

Session with Jarom Feriante, Innovation Consultant, Chevron

Session with Jarom Feriante, Innovation Consultant, Chevron

Session with Jarom Feriante, Innovation Consultant, Chevron

Session with Jarom Feriante, Innovation Consultant, Chevron

Session with Jarom Feriante, Innovation Consultant, Chevron

Group Photo at TiE Silicon Valley

Group Photo at TiE Silicon Valley

Session with Tac Leung, Sr. Vice President of Technology Innovation

Session with Tac Leung, Sr. Vice President of Technology Innovation, Standard Chartered Bank

Session with Tac Leung, Sr. Vice President of Technology Innovation

Session with Tac Leung, Sr. Vice President of Technology Innovation

Session with Tac Leung, Sr. Vice President of Technology Innovation

Session with Tac Leung, Sr. Vice President of Technology Innovation

Session with Tac Leung, Sr. Vice President of Technology Innovation

Session with Tac Leung, Sr. Vice President of Technology Innovation

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Day -3–10th Global Advanced Management Programme, October 25 – 31, 2015, USA

Session at Open Innovation Gateway at Fujitsu Inc

Session at Open Innovation Gateway at Fujitsu Inc

Group Photo at PayPal

Group Photo at PayPal

Session with Richard Cheong, Innovation Team at PayPal

Session with Richard Cheong, Innovation Team at PayPal

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Group Photo at Fujitsu OIG

Group Photo at Fujitsu OIG

Session with Dr Mohi Ahmed, Director of Innovation Program, Fujitsu

Session with Dr Mohi Ahmed, Director of Innovation Program, Fujitsu

Session at Fujitsu OIG

Session at Fujitsu OIG

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Day -2–10th Global Advanced Management Programme, October 25 – 31, 2015, USA

Key Takeaways – Day 2:

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At The Baker Hughes Inc with Chief Architect, Apple Inc.

At The Baker Hughes Inc with Chief Architect, Apple Inc.

Prof. Solomon Darwin with IT Minister of Andhra Pradesh

Prof. Solomon Darwin with IT Minister of Andhra Pradesh

Prof Solomon Darwin's session at TiE- Silicon Valley

Prof Solomon Darwin’s session at TiE- Silicon Valley

10th Global Advance Management Programme-2015

Day-2 : 26.10.2015

Vision of the Future – Disruption & Opportunities ahead – PK Agarwal, CEO, NEU, SV

  1. Disruption & wealth creation – Technology changing the world at a very fast pace – Inventions changing life of people making it comfortable & convenient. Tech driven disruption -Major technical innovations cause disruption to the routine & changes the existing order (computers vis-a-vis pen & paper)
  2. Changing Business Strategies : Industrial economy – Knowledge economy – Open Business models. Marketing of innovation happening faster – Radio (1948) marketed 10 yrs later while iPod in 9 months. Wealth creation : Market value of Tech Co.s $12-14Tn against all gold in the world $ 8 Tn.
  3. Future of technology in waves – each building a new opportunity upon the previous one. Viz. waves in internet – internet of documents, commerce, people & things, disrupting the routing and creating new opportunities, jobs in new areas. In India however, happenings are only in the first two. The 7 megatrends –
  4. Everything smart, digital & connected (IoT)
  5. Big data to Infinite data
  • Increase in Mobile computing capacity –connectivity of brains through sharing of data / information
  1. Privacy n security in a ‘connected world’
  2. Globalization – Increasing trend
  3. World has become a smaller place due to enhanced connectivity
  • Line between real and virtual world disappearing fast

The 8th  megatrend – Sharing of economy : Living space, money, food, services, Governments.

By 2020, >60 Bn products will be connected through IoT, changing the whole landscape of Business.

The Case of Open Business model for India – Prof. Darwin

  1. Innovation Vs Strategy

Innovation is not a strategy, it is much more than that. Beside creating a differentiator of price/product to stay ahead of competition (result of strategy), innovation also leads to a totally new frontier.

Strategy : Matching capabilities with opportunities in the market by optimizing  within the existing constraints.

Ex :      i. Tata Motors : Low cost cars for larger customer base & high cost car for limited customers

  1. Motel-6 vis-a-vis Hyatt

Innovation : Breaking through the constraints, going beyond frontiers & establishing a new frontier. 3 types :

Product : Mid priced Apple pushing out Motorola (Razr)

Process : Ford Model T – assembly line

Business Model :

  1. Open & Closed Innovation : Closed innovation presumes that to be successful, innovation requires control of inner idea generation, production, marketing, distribution, servicing, financing & supporting (XEROX). Open Innovation is the case of purposeful inflow and outflow of knowledge and amalgamation of both, to accelerate internal innovation and expand market. Need for wise Leadership – need for open Innovation –

Pace of Innovation                                          R&D spending

Growth

New Business Models                                   Rising Consumer inluence

Visit to Baker-Hughes’ Palo Alto Innovation Centre (PIC)

  1. Collaborative Environment – knowledge induction – idea to prototyping to testing to commervialization. Values to the Companies with leading / innovative technology.

 

  1. Innovation in Large Corporation typically starts with people, followed by process and technology, while in Small Corporates starts with technology, followed by process & people.
  2. 5 key elements : Leadership support , Housing in the talents, Imbibing culture, Identifying Focus areas and finally delivery of results.
  • PIC Focus areas : Science & technology (R&D to commercialization) ; Value (Enterprise data analytics) ; Innovation
  1. PIC approach :
  • Close interactions / collaboration with Universities / National Laboratories – funding projects with 12 / 24 month timeline. e.g. a. 2 yr project with Lawrence Livermore National Laboratory for 3D modelling of shale gas / oil reservoirs for designing / predicting hydraulic fracturing; b. Project with Stanford for High temperature resistant sensors & electronics.
  1. With e-commerce, Big data being generated in every business, enabling Business leaders to take wise decisions.

 

India & Global success :

 

  1. Changing perception about India in the western world (from Gunga Din to Beatles-Ravi Shankar to Kunal Nair of Big Bang Theory).
  2. Today’s Indian are successful, accepted in the Western World & the Indian image is emerging. Rapport between Obama & Modi – with many common ideas – also helping Brand India.
  3. Thank u for patient reading. Please suggest changes / additions, if any.

 

 

 

 

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Day -1 –10th Global Advanced Management Programme, October 25 – 31, 2015, USA

Opening Session

Opening Session

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Sun, October 25

Ice Breaking Session
Problem Finding & Framing Exercise
The participants are required to come
prepared to discuss at least 4 innovation
barriers within their firms in each of the
following categories: 1) Culture 2) Leadership
and 3) Organizational Structure

By
Solomon Darwin
Programme Director and
Director, Center for Corporate Innovation
Haas School of Business
University of California, Berkeley

Key Takeaways:

Framework to Build your Business Model:

1) Vision, Mission & Core Values

2) Goals & Critical Success Factor

3) Performance Matrix

4) Objectives & Targets

5) Strategies

Business Model:

Input to Value Creation

1)Resources

2) Activities

3) Partnerships

4) Relationships

Value Capture

 

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GAMP 2015 – October

10th Global Advanced Management Programme
Disruptive Innovation & Open Business Models in
The Changing Global Landscape
October 25 – 31, 2015: Silicon Valley, USA

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GAMP 2015

Day 3.

Interacting with several leaders and getting to know their success stories, we observe something in common.

  • They are highly passionate .
  • They think big.
  • They are full of Energy and enthusiasm. 
  • They are simple, humble and above all, their “humility” is what strikes me more.
  • These attributes are essential for any successful leader.

N.Shivaram

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GAMP 2015

7th July:
Vivek Wadhwa-
We had a peep into the Tech world which gave an understanding how Technology is capable of transforming the way we live and work. He predicted the latest Technology trends and how it will impact future business in a big way. He provided interesting examples and the way technology will upturn the current business practices and render several thousand jobless in the next 5 – 7 years, we may get to see what ‘jobless growth is all about’!. Provided insight into Banking, Insurance and IT industry which were highly interesting, at the same time were left wondering what will be the way forward for the Indian IT industry in particular which is mainly dependent on global business !
Few takeaways-
Exponential growth of Technology in the years to come in – AI, networking, Robotics, Sensors, synthetic biology, genomes, Digital media, Nanotechnology, q3 D printing , smart cities, Drones etc.
There will be no role for doctors, ” Phone is a doctor”.
There will be disruptive innovation and exponential growth.
Disruption = Opportunity
Entrepreneur and Startups are leading the Disruption.
Crowd funding has overtook Angel funding.
Technology may well eat into Insurance.

Jim Newton:
Talk by Jim Newton on Tech shop was highly interesting, as we were all inquisitive to know more and more. He was so passionate in presenting to us the number of startups numbering around 20 ( live examples of success stories) that were made possible in his ” Innovation factory”. His startup provided a platform to several budding ideas to flower out and not only “build their dreams here” but also bring them alive out into the market. His unique business and business model, monthly subscription based revenue, open access, DID machine shop/ fabrication studio, gradually scaling up with huge possibilities ahead. The icing on the cake- President Obama inaugurating one of the Tech shop!
All this has left a Big impact in the Bay area- $ 12 Bn in shareholder value, $ 2 Bn in annual sales and 2000 jobs added to the US economy. We all felt our purpose of attending the “Innovation ” programme was well (de)served too!
His future plans of making a ” Tech shop Maker space academy ” was all the more inspiring and there were several takeaways from this session.
No doubt it is a ” Makers paradise”, thanks to Jim newton.
Naveen Jain:
How far can one “Think Big” was revealed to all of us and we also realised can there be anything bigger than this! His talk was inspiring, thought provoking, and engrossing too. Got to know how good ideas can grow in a good ecosystem. He told us about the culture of Entrepreneurship and how they can be nurtured, scaled up into a successful business enterprise. He has had multiple success stories across Industries from Health care, Pharmaceutical, Aerospace and so on…..! He was full of passion, energy and enthusiasm which ignited our minds and tickled our innovation spirit. This is a proof of a hoe small time boy from India who made it big in USA and went on to become a Billionaire.
Few Take aways:
Think Big
Problems are opportunities
Sky is not the limit, mindsets have to change”
New ideas can come from Non- experts and not from regular experts.
Outsiders can many a time provide solutions than insiders

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Takeaways- Global Advanced Programme on open innovation

1. Innovate continuously or prepare allowing your business to die

2. Big data is an imperative owing to exponential growth in data

3. People’s role will diminish owing to digital enablers

4. Create businesses to address a need

5. Create businesses leveraging on 3rd party assets or enable consumers to pay for owned assets

6.in house innovation is good but not sufficient 7. A neutral ecosystem is required where talent can be converged outside in (open innovation)

8. For a startup do t increase liabilities upfront

Leverage on knowledge arbitrage to scale up (tech shop )

9. For every challenge there is an opportunity

10. Earlier failures are not a precedence to future failures

11. Sky is not the limit; we set our own restrictions

12. Marketing a change in perception of a product is a potent model to create value /market

 

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DAY 3 – Global Advanced Management Programme 2015

9th Global Advanced Management Programme 2015

DAY 3

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