Creating an Innovation Mindset

[r0cksztar]

Very good interview and really good advice.

[StroonsGlen]

If you want to innovate, you need deviation, but this is more a

mindset than a break from standard procedures. Ang lahat ng mga paraan ng pagbabago ay maaaring dumating mula sa tatlong pamamaraan - naghahanap para sa mga unpredictable, pag-unawa kung ano mismo iyon ay ikaw ay humihingi, at pag-aaral na sabihin ang 'gayunpaman'

[1PeaceNation]

great interview.

[1PeaceNation]

Hi Prof!

[agapitoflores001]

Innovation is the key to success for business.

[CreditRatings101]

I saw Vijay Govindarajan give a lecture at Tuck and I was quite disappointed.

[meditating010]

Mindset of organization, Look at your clothes; It starts from "yourself" new blood, new this, new that doesn't do crap, This starts from you. You should have capacity to fail, capacity to travel in payjamas and not worry about what others think, you have to be poetic and play your cards really well (not foolish, but although to a lot extent you MUST). (I am not being cynnical, but it doesnt start from Harvard, it starts from dropping out and dropping in to things you like).

[pamelbia2011]

Very resourceful. Outside the company can help.

[carlodemarchis]

I met him at the Executive MBA in Italy, great connection.

[realrunner2000]

Hey everyone search for "Innovative Systems" on facebook and like the page. We need support and we need to show our school numbers!! It has over 1,100 likes already. Check out our website at innovativesystems [dot] siu [dot] edu

[DealPenVideo]

Tolerance of Failure is critical to Innovation.

[ampleoppourtunity]

C.K Prahalad is still alive in our midst.

[splashcat]

Wow! A company in India has developed a car that sells for $3000.00 USD!

I want one.

[stretchsportguy]

The Innovative mind discerns windows and looking out assesses opportunities. Time being of the essence, the innovative mind answers those opportunities with actions that fulfill them.

[nsskiwi1]

i wish am one of your very lucky students VG

[Samadhiatman500]

Brilliant!

[Ghostrade2010]

Go to ghostrade(com) to be come part of the movement-not IVY League, but a portal from the streets!

[Ghostrade2010]

Go to ghostrade(com) to be come part of the movement-not IVY League, but a portal from the streets!

[BHBASS83]

great answers! "initiate, collaborate and innovate"

[Arishtat]

Apple iPod??? What has Apple ever invented? iPod didn't contain a single new innovation. Apple implemented what others had invented, only they implemented really well.

[TitanYa315]

VEEEJAAAAAAAAAAAAAYYYYYYYYYYYY­YYYYYYYY, DUDE!!

[ThisHitIsNotWorking]

Its Va-Jey, Not Vee-Jee

[acoustics101]

Too many people nowadays try to rob you of any incentive. One example of this is that too many corporations demand the rights to any patents you may come up with while in their employ.

America was built as the result of its innovative individuals. Does anyone now question why the US is no longer a world leader in technology? When people are no longer being rewarded for being innovative, most lose their incentive to do so!!!!

[circusboy90210]

@acoustics101 If you don't like it start your own fabrication shop for millions of dollars of investment and do it on your own time. If one uses another persons facilitys there are in the employ of they have no rights to the fruits, unless you negotiate this a head of time because your skill level demands it.

[prithvirajsarkar]

The 'micro' business model for emerging economies is very appropriate. I like the calm and nice pace of this discussion, cheers!

[icandevelopment]

Sow some people seeds and watch them grow at Ican Development - Ican Grow People what a great way to manage people SEE OUR VIDEO

[arbiforumnow]

Yes, mindsets must be adaptible - ie. there is a natural selection process in the conceptual environment - thus also the risk of "invasive " ideas - counter cultural movements and protest.

[dibyendu337]

A very important point that came up was that innovation in the emerging markets is going to change the way the developed markets do business and the business models of the developed world might not work well in emerging markets. But one point has probably been missed out. Innovation has to be matched with the purchasing power of the people.

[michaelst0ne]

I think he has touched that point as well. He did mention about micro customers. Indian and chinese markets remain emerging markets mainly because of a lesser purchasing power of their customers. He didn't say that but it's understood.

[gabydewilde]

Today the Innovative Mindset is just like any mindset - a neurological state, something we can accurately measure. The cheap skate profiteering focused days are over. Managers who are merely interested in filling their own pockets will soon find their way down the food chain. We will soon see the truth - they cant even be trusted to flip burgers. Time for ECOnomics rather than ecoNO NO ME ME ME!!

[cha5667]

Yes, the way to innovation gets faced with resisting, and it is the most powerful reason for the shift that workers should be rewarded by performance. But not all kinds of business should be appropriate for innovation and change. It might be better for certain businesses that they just keep their strength than changing. Just think about first if your business will get more benefit with innovation, and then you may pursue.

[BCoelho2000]

@cha5667 Absolutely! However, if you ignore the market changes what makes you different will become less relevant.

[mikegibbowr]

Once again, you get it... People + Possibility = Profit... First Within... Then Without... Ideas come from People! And the People who know your business best are those who are already making you money... keep it simple and let your people out-think you in going to the next level... Mike Gibbowr

[mrchubner]

No sir, YOU get it!.. Wonderful Comment!

[panamanubian]

Lack of innovation on a precise time can cause in the failure of a particular task that at the moment its been started by the company itself, the system depends on innovators been listen and having a respectful reaction from their superiors who are willing to endorse their idea and give them all the tools to make it work. For those type of results we first need to create an environment.

[regionalmathematics]

Note the intentionally tasteless lamp in the background and lack of color coordination, which gives the video a very plebian feel, which stands in contrast with the two topmanager's $500 brooks brothers coats.

[mvimaljose]

Wonderful thought on the emerging market based business model ...Sir

[trunkeight]

Here's an Innovative Mindset: Save your country from collapse!

[raj154027]

@trunkeight ...bro - as he said, "obviously it is something that can not be changed overnight"!! let people think and be creative... dnt try to put down others' ideas/thoughts/views with not so useful comments...

[Chick6517]

wow that was seriously not expexting that but i liked it haha very good job i am very appualed that, that even happend haah but it was a very nice touch

[newersunny]

.....

[GenericGene]

Interesting and entertaining - Gene

[Pook365]

"Innovation is different to creativity"

No..really? But not in the way he thinks.

They are different because they are words used in a different context.

(This is an innovation, it must have taken a great deal of creativity to come up with.)

They get so wrapped up in trying to talk their nonsense management speak that they loose sight of what words actually mean.

cont..

[Pook365]

..cont

"Some how we must create a tolerance for failure culture"

It means nothing! For starters in his fanciful new language he should have used the word innovate instead of create & "failure culture" is exactly the opposite of what he means.

Surely he want's people not to see a lack of success as failure, rather than to accept failure..those are not the same thing.

cont..

[Pook365]

..cont

Google wasn't an inovation!

While Google was better than previous search engines it was not an innovation, merely a superior iteration of what had come previously. Archie, Excite & WebCrawler now those were inovations, but i suspect he hasn't heard of any of them...

[WeedWizz]

"DECKCHAIRS!? I SAID LIFEBOATS!!!"

[alrusmini]

Wise guy eh!

More individuals are making money, or at least trying to make more money for themselves. The hell with the so-called managers mindset stuff. Nowadays, people are killing other people just to get their 'mindset' through! Embraced yourself with faith, and then only you can talk about securing this world economically!! We don't want any unfaithful 'great mind' to ruin this world.

[bigbigchicken]

He's kinda cute. Can we bring him home to MAMA?

[markfrank0924]

This is my third viewing and each time I pick up one. Suddenly it occurred to me all the change in the world must take place at management level. In the final analysis a fish stinks from the head down. The challenge is getting managers at every level of the company to place their personal agendas aside and embrace a new way of doing things and this requires leadership. Chance, real change begins at higher levels, never at the HR function.

Mark

[CapitanPR]

Great presentation, short and sweet. I suggest that at the end of these great chats, some further sources, iinks, etc, should be included as further information sources regarding the same subject. This should include information about the lecturer himself.

[avinashgamerboy]

just awesome...i like the way he described the difference between the developing and emerging market ...

[SohailAC]

Fav. innovations: Google, iPod and Tata Motors...Tata, really?

[dannyistheone]

yea

Tata Nano.

[Siavashdaman]

wish GM would listen to this.

[AlexMoensChannel]

haha, naw, it's easier to ask for GM to ask for money

[Emceetem]

He makes a compelling argument.

[EpicNme]

All my profs/Dr's don't seem as exciting as these 2 guys...

[freshramses]

I would love to have him as a professor.....he is motivating