Project Welike
Project Welike
Project Welike
For
VIVA
By : Puneet Kapil (HPGD/JA16/2515)
WE TUBE
2
First Timers
leading an
Experienced
Team
ompetency Framework
2) Generic
Level 1:- As a
4
GANTT CHARTS
Behavioral Event
Interview
ituation
Specific
ask
Experience
ction
Specific
esult
Outcomes
Hypothetical
Theoretical
Based on feelings & Opinions
Vague
Without data or actual figures
Open for judgment
Be Confident
Keep a positive outlook
Give a suitable response
Be specific about what was asked.
Listen carefully
Look through the Resume
WE
LOUNGE
SARITA
BHATIKAR
Head- Business HR
(Ops) &
Employee Relations
NEWSWIR
E
1
Tools to support
Creativity & Innovation
LEARNINGS:This article talks about the four different types of tools to support
creativity & Innovation and that includes.
The Work Place :- Design should be meant to enhance interaction
between people, should have flexibility in layouts and
arrangements .Designing should be intrigue, colors, plants, books,
graphics, and light can all be designed thoughtfully and even at little
to no cost to enhance the environment, promote creativity.
Social Tools:- Socialization during work breaks can promote
effective collaboration, the exchange of ideas & problem-solving
thereby increased the frequency of the chance encounters that
promote innovative thinking.
2
Four Routes to simplify
LEARNINGS:innovation
This informative article
informs about four different routes to simplify
innovation.
The Idea route:- After having a rough business idea next step is to
focus andmake all our expectations and boundary conditions explicit,
like: why do we want to innovate? What is it? For whom? Where: regions
and countries? When: year of introduction? And which criteria should
our new idea or opportunity meet?
The technology route :- New technologies spark innovation. For
example, the development of new game consoles, the internet of things
or 3D printing. In this route firstly we picked a new technology as an
opportunity to start.
The customer issue route:- In this route we start with a customer issue
or frustration the first step is to explore and discover if this is a relevant
issue for a broader group by observing, listening and talking to them.
The business challenge route:- In this route our first step is Focus,
3
Diff erent types of innovation
LEARNINGS:A small concise article that brief about different types of
innovations. The simplest way to categorize innovation is into two
types incremental and radical.
Incremental innovation is an improvement in an existing thing
Radical innovation is finding an entirely new way of doing
something.
All corporate innovations are divided into ten categories.
These are:
1.Profit model how you price your product or service and
make money.
2.Network external relationships and partnerships.
3.Structure how you organize your company.
4.Process doing things differently.
5.Product performance new products or features.
6.Product system how your product connects.
7.Service additional support and enhancements.
8.Channel how you get to market
9.Brand the promise you make
4
Innovation Challenge
An innovation challenge is an effective way to inject some energy into
the idea creation of our company. Innovation challenge should have
following three character that makes its different from continuous
innovation strategy .
1.Time restrictions 2.Specific and focused 3. Tied to resources
Reasons to run a innovation challenge are:
oWe need insights to solve a current problem
oWe want to jump-start a particular effort in your organization
oWe want to align everyone to a particular strategic objective
The objective of any type of innovation is to create value for our
organization. Few key things to keep in mind in order for it to run
successful innovation challenge are :
oAlign the focus to an organizational priority
oExplicitly state the challenge question
oSpread the word
oAssign resources to implement top ideas
6
Emerging market Disruptive
LEARNINGS:Innovations
Disruptive innovation has been credited as the strategy that led to
Japans dramatic economic development after World War II. Japanese
companies such as Nippon Steel, Toyota, Sony and Canon started out
by offering inexpensive products that were initially inferior in quality
to those of their Western competitors. This allowed the Japanese
manufacturers to capture the low-end segment of the market.
Similar disruption process is brewing in todays emerging markets,
especially in China and India. Once the local entrepreneurs establish
themselves in their home markets, they should also make the leap
into more developed countries. There, they will probably start with the
low-end segments and gradually make their way up market.
The fear among companies in more developed economies, therefore,
is that history is about to repeat itself: The disruption process that
catapulted Japanese companies to industry prominence 40 years ago
is about to play out again with companies from markets like China and
India at the forefront.
7
Frugal Innovation
LEARNINGS:A small concise article on frugal innovation provide light on study
that how frugal innovation is more than just juggad. Frugal innovation
can lead to sustainable development that saves valuable resources
and energy.
Doing more with less is the new challenge for all companies.
Emerging market customers offer a significant opportunity that can
only be profitably leveraged when value proposition and cost
structure match price expectations.
In developed markets too, value-for-money is the new mantra
especially in population segments that have suffered from the global
financial crisis.
Frugal products lead to sustainable development through process
optimisation and use of environment-friendly methods, which saves
valuable resources and energy. A focus on reusable or recyclable
products rather than disposable products brings down cost of
8
Innovation management in
emerging markets
When it comes to innovation management, we see a growing number of
companies in emerging countries like Turkey, Mexico and Brazil doing a
better job than their counterparts in developed (primarily Western)
countries. There are many reasons for this as mentioned below.
The growth mindset.
A different understanding of and experience with innovation
management.
Top down leadership approach.
Stronger home markets with faster actions
Complacency
9
Three Indian companies
among worlds most
Hindustan
Unilever, Tata Consultancy
Services (TCS)
and Sun Pharma
Innovative
Firms:
FORBES
Industries are the three Indian companies that have been named
among the world's 100 most innovative companies by Forbes.
Hindustan Unilever company ranked 41 on the list and had over 35
brands spanning 20 distinct categories.
India's largest IT company TCS, with a market cap of USD 80.3 billion,
appears on the list at 64th rank.
Sun Pharma had a market cap USD 39 billion and India's largest drugs
company appears on the list for the fourth straight time at 71 st rank.
Forbes said companies are ranked by their innovation premium: the
difference between their market capitalisation and a net present value
of cash flows from existing businesses.
10
he one skill that innovators forg
Most innovators cultivate traits like creative risk taking, positive
reinforcement and strategic planning. However, there is another branch
of innovation in which innovators still require a great deal of training i.e.
Effective Communication
The reason communications is so crucial is because no innovation
program can exist without ideas. However, ideas dont arrive on the
scene fully-formed and more often than not, you need a lot of ideas to
germinate, combine, and transform before you get a truly significant new
idea that can serve your business or consumers.
Four main channels for effective communication are:Web presence
Email
Social Media
Public relations
THANK
YOU !