Personal Innovation - The Experience Society

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welcome. 2

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Samuel Tait Managing Partner, I/O (Innovation Consulting) /in/samueltait @samuel_tait welcometo.io 3

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Personal Innovation The Experience Society Thursday 5th November, 2015 5

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Purpose How do we innovate ourselves? This year's buzz term is clearly "innovation" - having brutally pushed "disruption" of its soapbox. Whilst companies are grappling with what this means on a practical and process level, does innovation begin at home? 6

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The real question? Can success factors of business innovation be used in a personal context? 7

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Creating a common ground What is innovation? 8

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“Innovation effectively is the process of technological change… the thing to really understand is that innovation is a process not a thing. The thing, the outcome of innovation, is the invention. Innovation is deeply associated with business processes, business models and all the different aspects that combine towards creating a new product or service.” –Dr James Moody - PhD, Innovation Theory - Founder Tu-Share & Sendle 9

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“Innovation being synonymous with growth. Companies that aren’t innovating aren’t growing.” – Mark Payne - Founder, Fahrenheit 212 11

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A starting point What are the key elements of business innovation? 12

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Key Elements of Business Innovation Key themes from “Innovation Inside” interview series: 1.Crisis 2.Examination 3.Diversity 4.Collaboration 5.Creativity 6.Adjustment 7.Resilience 13

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Key Elements of Business Innovation Key themes from “Innovation Inside” interview series: 1.Crisis 2.Examination 3.Diversity 4.Collaboration 5.Creativity 6.Adjustment 7.Resilience } ORGANISATIONAL CULTURE 14

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Crisis Definition • any event that is, or is expected to lead to, an unstable and dangerous situation affecting an individual, group, community, or whole society. • a stage in a sequence of events at which the trend of all future events, especially for better or for worse, is determined; turning point. 15

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Crisis Crisis drives innovation • Crisis provides a compelling reason for action - you can’t run away from a crisis Examples • War > Nuclear • Climate change > Renewable energy • Global financial crisis > ?? 16

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Examination Definition • To observe carefully and critically • To inquire into and investigate 17

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Examination • What are the goals and objectives for my business? • What changes are happening in my industry and how will they affect my company? • Do we need to change something to achieve our objectives? • What would happen if we were to explore new opportunities? 18

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Diversity Definition • the inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc. • a point of difference. 19

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Diversity • Different viewpoints working on the same problem. • Different backgrounds bring different ways of solving a problem • Diversity unlocks innovation by creating an environment where “outside the box” ideas can be heard 20

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Collaboration Definition • to work, one with another; cooperate, • working with others to do a task and to achieve and realise shared goals • to work together (relationships) toward (process) something in common (outcomes). 21

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Collaboration • I know what I don’t know • Teamwork is essential to getting things done. • Collaborating with partners, suppliers, customers and other stakeholders to find a solution. • Innovation IS a collaborative pursuit 22

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Creativity Definition • the ability to transcend traditional ideas, rules, patterns, relationships, or the like, and to create meaningful new ideas, forms, methods, interpretations, etc.; originality, progressiveness, or imagination: 24

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Creativity • The ability to think outside the box • unleashing the potential of the mind to conceive new ideas, new ways of doing things and innovative solutions • to perceive the world in new ways, to find hidden patterns, to make connections between seemingly unrelated phenomena, and to generate solutions 25

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Adjustment Definition • to change (something) so that it fits, corresponds, or conforms; • to adapt or to correct to achieve a desired outcome 26

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Adjustment • Constantly testing hypothesis and reviewing the results to see if we are on track or off track in achieving our goal • Test / Fail / Learn or “Failing Fast” is THE process of adjustment • When results are not what we expected we change tack. 27

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Resilience Definition • the process of overcoming (and ability to recover from) stress and adversity • perseverance for long term goals 28

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Resilience •Achievement is the product of effort, a function of the intensity, direction, and duration of one’s exertions towards a long-term goal. •Not giving up when the results of our activities are not what we hoped. •A business’s ability to adapt and evolve in response to short term shocks and at the same time shape itself to be able to respond to long term challenges. 29

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The journey Can we use these same themes to drive personal innovation? 30

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Personal innovation What is innovation when viewed from a personal context? 31

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“Innovation effectively is the process of personal growth… the thing to really understand is that innovation is a process not a thing. The thing, the outcome of innovation, is the psyche. Innovation is deeply associated with life processes, self models and all the different aspects that combine towards creating a new version of who we are.” 32

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Invention Personality / Psyche 33

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Innovation Our experiences and the meaning we ascribe to them. 34

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“Innovation being synonymous with growth. People that aren’t innovating aren’t growing.” 35

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Creating a new version of who we are 1. What is the Psyche? 36

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The Psyche • Ancient Greek ψυχή (psukhḗ) term for “soul” or “spirit” 37

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The Psyche • psyche refers to the forces in an individual that influence thought, behaviour and personality. 38

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Creating a new version of who we are 2. How do we go about understanding the psyche? 39

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Psychology • Ancient Greek ψυχή (psukhḗ, “soul”) and -λογία (-logía, “study of”) 40

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Psychology • the study of mind and behaviour. 41

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Philosophy • Ancient Greek word φιλοσοφία (philosophia) literally means "love of wisdom" or "friend of wisdom" 42

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Philosophy • the most basic beliefs, concepts, and attitudes of an individual • the study of the general and fundamental nature of reality, existence, knowledge, values, reason, mind, and language. 43

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Creating a new version of who we are 3. Can we innovate the psyche? 44

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Key Elements of Personal Innovation Do the same themes from “Innovation Inside” interview series work in a personal context? 1.Crisis 2.Examination 3.Diversity 4.Collaboration 5.Creativity 6.Adjustment 7.Resilience 45

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Crisis • personal crisis occurs when an individual can no longer cope with a situation. • usually brought about by changes to the individual’s role or environment that require radical restructuring of the individual’s view of themselves and their world 46

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Examination “The unexamined life is not worth living” - Socrates • “Human Being” is marked by the capacity to transcend instinct and desire and to make conscious, ethical choices 48

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Diversity “You are the average of the five people you spend the most time with.” - Jim Rohn 49

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Diversity We are unconsciously un-diverse. • Most people, according to Brian Uzzi’s research, choose people strategically based on three principles: 1. We unconsciously identify the most important qualities we are looking for in people within our network (often these are the same qualities we already have). 2. We look for others who share those qualities. 3. Find those new people through people we already know. 50

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Collaboration • When we are in active sharing with others - sharing deep secrets, sharing what's on our mind, sharing our dreams and aspirations, the brain lights up like a Christmas tree (Temporo Parietal Junction or theTPJ) • This behavior activates a high level of oxytocin, which is the neurotransmitter that enables us to bond and connect with others deeply. • How to share passions, dreams and aspirations:  • Create opportunities to be open and transparent with others about your dreams - and share, share, share! • When we are open with others - we send signals that we trust them with things that are personal to us. We bring people into our private space and trust they will not harm us in any way. 51

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Creativity "Doing what we already know how to do takes the world from 1 to n, adding more of the familiar. But every time we create something new, we go from 0 to 1. The act of creation is singular, as is the moment of creation, and the result of something fresh and strange.” - Peter Thiel, Co-founder of PayPal 52

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Adjustment • The maintenance of emotional equilibrium in the face of internal and external stressors. This is facilitated by cognitive processes of acceptance and adaptation. 53

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Resilience • Woody Allen once quipped that 80 percent of success in life is just showing up. • Resilience determines who shows up. 54

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Resilience 5 key character traits: • Courage • Conscientiousness • Perseverance • Integrity • Excellence 55

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Courage Definition: • the quality of mind or spirit that enables a person to face difficulty, danger, pain, etc., without fear; bravery. 56

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Conscientiousness • Achievement oriented rather than dependable • The achievement-oriented individual is one who works tirelessly, tries to do a good job, and completes the task at hand, whereas the dependable person is more notably self-controlled and conventional. 57

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Perseverance “… achievement is the product of talent and effort, the latter a function of the intensity, direction, and duration of one’s exertions towards a long-term goal.” - Prof. Angela Lee Duckworth 58

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Integrity “the ability of people, communities, and systems to maintain their core purpose and integrity among unforeseen shocks and surprises.” - Andrew Zolli, Futurist & Author 59

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Excellence Resilient people don’t seek perfection, but instead strive for excellence. 60

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Summary Does innovation begin at home? 61

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“Can we be innovative in our work if we have not first innovated ourselves?” 63

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The Hero’s Journey “it enables us to bring forth something in this life that was never beheld before, namely the fulfilment in this time and space of our own potentialities which are particular to ones own self” - Joseph Campbell 64

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Over to you Questions? 65

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cheers. Thank you! welcometo.io Suite 807, 46 Kippax St Surry Hills, NSW, 2010 Call us. Phone: +61 (0)473 197 713 samuel.tait@welcometo.io 66

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