This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
This product (Drivers & Challenges to Innovation Culture) is a 28-slide PPT PowerPoint presentation slide deck (PPTX), which you can download immediately upon purchase.
Innovation-centric research conducted of over 750 businesses in 17 different markets brought to light some striking insights on Innovation Management, in addition to rating the leading global Innovators.
The organizations that seized top places in the Innovation ranking were clearly managing Innovation in a systematic manner. Their systematic approach to Innovation was grounded in exploration—i.e. trial and error. This systematic Innovation was evolutionary in nature, transforming in line with the competition, market, and organizational requirements.
However, most organizations struggle with creating a Culture of exploration and experimentation. Numerous challenges exist. For instance, most companies have an emphasis on producing quality, bringing efficiency, and minimizing costs. These organizations become susceptible to making too low of an investment in exploration, which is essential to manage uncertainty, experiment, learn from errors, and innovate.
This Innovation Culture framework presentation outlines the 3 strategic drivers vital for creating a Culture of Innovation and enabling breakthrough Innovation:
1. Management – Senior Management is the foremost driver of Innovation. Uncompromising commitment from the management is crucial to embed Innovation at the center of an Organizational Culture.
2. Governance – Top Innovators were found to be clearly segregating Innovation projects based on the level of innovativeness (low or high). They were observed to employ distinct procedures to manage revolutionary and incremental Innovation projects.
3. Organization – Organizational structures specific for breakthrough Innovation projects in these enterprises were evidently encouraging of forming alliances with partners, vendors, and customers.
Out of the total study population on Innovation-centric organizations, just 7.6% of the sample included breakthrough and disruptive Innovation. The disruptive innovators were great at combining these 3 strategic drivers for high impact.
Other topics addressed in the presentation include Adaptability and Innovation Culture, Organizational Ambidexterity, Integrative Culture, Explorative vs. Exploitative Culture, as well as soft challenges to Innovation Culture.
The PowerPoint presentation on Innovation Culture also includes some slide templates for you to use in your own business presentations, which convey concepts of the 4 Soft Challenges to Innovation Culture and the 3 Innovation Drivers.
The presentation also delves into the importance of adaptability in fostering an Innovation Culture. Emphasizing the necessity of balancing exploitative and explorative practices, it provides actionable insights for leaders.
This PPT slide outlines 3 critical drivers of innovation: Management, Governance, and Organization. Each section provides insights into how these elements contribute to fostering an innovative culture within organizations.
The first section, Management, emphasizes the pivotal role of senior management in driving innovation. It highlights the necessity of unwavering commitment from leadership to embed innovation into the organizational culture. The management's endorsement of transformative initiatives is portrayed as essential for achieving significant breakthroughs and growth. The BCG study referenced underscores the importance of monitoring innovation efforts through key performance indicators (KPIs) and establishing effective performance management systems, including rewards and recognition linked to innovation outcomes.
In the Governance section, the focus shifts to how top innovators categorize their innovation projects based on their level of innovativeness. It notes that these organizations adopt distinct procedures for managing both revolutionary and incremental projects. A striking finding is that approximately 80% of disruptive innovators allow radical initiatives to proceed without stringent return on investment forecasts, thus creating a buffer for exploration without immediate financial pressure.
The final section, Organization, reveals that about 75% of the study participants have tailored processes and KPIs specifically for breakthrough initiatives. It suggests that these organizations foster unique structures that encourage collaboration with external partners, vendors, and customers. A culture that embraces exploration and tolerates trial and error is identified as a key characteristic of these successful organizations.
Overall, the slide provides a comprehensive view of how management commitment, governance frameworks, and organizational structures collectively shape an environment conducive to innovation.
This PPT slide presents a critical analysis of corporate cultures, contrasting legacy exploitative cultures with emerging explorative cultures. It highlights that large corporations often operate within an exploitative framework, prioritizing efficiency, precision, and team loyalty. This approach, while effective in stable environments, can stifle innovation and adaptability.
In contrast, startups and smaller firms are depicted as embodying an explorative culture. They focus on experimentation, embracing novelty and ideation. This culture encourages learning from errors and failures, fostering persistence and creativity. The slide suggests that the shift from an exploitative to an explorative culture is essential for organizations aiming to thrive in a rapidly changing market.
The Venn diagram illustrates the relationship between explorative, integrative, and exploitative cultures. The integrative culture is positioned as a potential middle ground, suggesting that organizations can benefit from blending elements of both explorative and exploitative approaches. This integration may help firms leverage efficiency while still promoting innovation.
The slide concludes with a call to action for organizations to embrace unique business models that facilitate this transformation. It emphasizes the importance of trial and iteration in the innovation process, indicating that a rigid adherence to traditional practices may hinder progress.
Overall, the content underscores the necessity for organizations to reassess their cultural frameworks to remain relevant and competitive. It encourages leaders to consider how fostering an explorative mindset can lead to sustainable growth and customer-centricity.
This PPT slide addresses the soft challenges organizations face when trying to foster an innovation culture. It highlights 2 primary issues: resistance to change and the reluctance of domain experts to embrace new ideas.
The first point emphasizes that individuals often resist concepts or practices they haven't previously encountered. This resistance is rooted in a lack of familiarity, making it difficult for employees to accept innovative approaches. Organizations that have achieved success may inadvertently cling to their established cultures, which can hinder their willingness to innovate. To counter this, the slide suggests that organizations should cultivate advocates for innovation. These advocates could be senior leaders or high-performing individuals who can influence their peers and encourage a shift towards more innovative practices.
The second point discusses how domain experts can be particularly resistant to new ideas. These specialists, having invested significant time in mastering their fields, may become entrenched in their existing methods. Research indicates that such experts often oppose novel ideas, viewing them as threats to their established knowledge. This can create a barrier to innovation, especially in organizations striving for higher maturity in product development or process optimization. The slide suggests that these experts need to be engaged in a way that encourages openness to new concepts, rather than clinging to outdated practices.
Overall, the content of the slide underscores the importance of addressing mindset and cultural issues when attempting to foster an innovative environment within organizations.
This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
For $10.00 more, you can download this document plus 2 more FlevyPro documents. That's just $13 each.
ABOUT FLEVYPRO
This document is part of the FlevyPro Library, a curated knowledge base of documents for our FlevyPro subscribers.
FlevyPro is a subscription service for on-demand business frameworks and analysis tools. FlevyPro subscribers receive access to an exclusive library of curated business documents—business framework primers, presentation templates, Lean Six Sigma tools, and more—among other exclusive benefits.
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.
Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
Read Customer Testimonials
"I have used Flevy services for a number of years and have never, ever been disappointed. As a matter of fact, David and his team continue, time after time, to impress me with their willingness to assist and in the real sense of the word. I have concluded in fact
that it is not at all just a repository of documents/resources but, in the way that David and his team manage the firm, it is like dealing with consultants always ready to assist, advise and direct you to what you really need, and they always get it right.
I am an international hospitality accomplished senior executive who has worked and lived during the past 35 years in 23 countries in 5 continents and I can humbly say that I know what customer service is, trust me.
Aside from the great and professional service that Flevy's team provide, their wide variety of material is of utmost great quality, professionally put together and most current.
Well done Flevy, keep up the great work and I look forward to continue working with you in the future and to recommend you to a variety of colleagues around the world.
"
– Roberto Pelliccia, Senior Executive in International Hospitality
"As an Independent Management Consultant, I find Flevy to add great value as a source of best practices, templates and information on new trends. Flevy has matured and the quality and quantity of the library is excellent. Lastly the price charged is reasonable, creating a win-win value for
the customer, Flevy and the various authors. This is truly a service that benefits the consulting industry and associated clients. Thanks for providing this service.
"
– Jim Schoen, Principal at FRC Group
"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."
– Chris McCann, Founder at Resilient.World
"FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The
quality of the decks available allows me to punch way above my weight – it's like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead.
"
– Roderick Cameron, Founding Partner at SGFE Ltd
"I have used FlevyPro for several business applications. It is a great complement to working with expensive consultants. The quality and effectiveness of the tools are of the highest standards."
– Moritz Bernhoerster, Global Sourcing Director at Fortune 500
"Flevy is now a part of my business routine. I visit Flevy at least 3 times each month.
Flevy has become my preferred learning source, because what it provides is practical, current, and useful in this era where the business world is being rewritten.
many challenges and there is the need to make the right decisions in a short time, with so much scattered information, we are fortunate to have Flevy. Flevy investigates, selects, and puts at our disposal the best of the best to help us be successful in our work.
"
– Omar Hernán Montes Parra, CEO at Quantum SFE
"I like your product. I'm frequently designing PowerPoint presentations for my company and your product has given me so many great ideas on the use of charts, layouts, tools, and frameworks. I really think the templates are a valuable asset to the job."
– Roberto Fuentes Martinez, Senior Executive Director at Technology Transformation Advisory
"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.
Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I
have been able to exceed expectations and deliver quality advice and solutions to my clients. The quality and expertise of the authors are exemplary and gives me great confidence to use as part of my service offerings.
I highly recommend this company for any consultant wanting to apply international best practice standards in their service offerings.
"
– Nishi Singh, Strategist and MD at NSP Consultants
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more.
Click main image to view in full screen.
