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Innovation Sandbox (PowerPoint PPTX)
PowerPoint (PPTX) 27 Slides FlevyPro Document
DESCRIPTION
The Innovation Sandbox is an approach to Innovation that promotes exploration and experimentation, while under extreme constraints. These constraints are industry or market requirements that are extremely fixed.
Through the Innovation Sandbox approach, industries and organizations can achieve breakthrough Innovation.
Every Innovation Sandbox is different. Therefore, to better understand this framework, in this presentation, we breakdown a specific industry where the Innovation Sandbox is applied—the India Healthcare industry. We take a look at 7 specific Innovations within this industry.
Organizations in any industry, in any country, can adopt the Sandbox Innovation approach to breakthrough Innovation. This presentation also discusses 5 guiding principles to follow if your organization wants to apply the Innovation Sandbox.
This deck also includes slide templates for you to use in your own business presentations.
The Innovation Sandbox framework is visualized using a sandbox diagram, where constraints form the boundaries and innovation fills the space within. This visualization helps organizations understand how to operate within fixed industry or market requirements while fostering creativity and unconventional thinking. The framework emphasizes the importance of clearly defined constraints to drive innovative solutions that can be scalable and affordable, particularly in diverse and challenging environments.
The presentation delves into a case study of the India Healthcare industry, showcasing how the Innovation Sandbox approach has led to significant breakthroughs. It highlights the efforts of key innovators like Narayana Hrudayalaya, Jaipur Foot, and Aravind Eye Care, demonstrating how they have successfully navigated constraints to deliver scalable and affordable healthcare solutions. These examples provide valuable insights into the practical application of the Innovation Sandbox framework.
To effectively implement the Innovation Sandbox approach, the presentation outlines five core guiding principles. These include radically rethinking the business model, immersing in the lives of target consumers, accepting constraints, avoiding isolated innovation, and committing to a strategic intent. By adhering to these principles, organizations can foster a culture of innovation that thrives under constraints, leading to sustainable and impactful solutions.
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Source: Best Practices in Innovation, Business Model Innovation PowerPoint Slides: Innovation Sandbox PowerPoint (PPTX) Presentation, LearnPPT Consulting
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