Start-up Innovation Culture

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Start-up Innovation Culture Building it Right From Day One

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Location, Location, Location People, People, People

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Start-up is Like Rafting

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You Need Everyone Firing on All Cylinders

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Every Turn Presents New Challenges

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Everyone Must Have Solution Mindset

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- One Lucky Idea - Market Timing - Infusion of Capital Outsider’s Perspective on Start-up Success

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Reality… Execution of Thousands of Little Ideas

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Every Idea Pushes the Product inch Closer to Success

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Successful Products are Collection of Ideas which When Executed Together Create Compelling Value for Customers

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Company Culture You’ll get one – whether you want it or not

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Culture Trumps Strategy. – Drucker

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Didn’t Like the Culture I Got the First Time I was Determined to Do it Right Next Time Result = $1.2Billon Tony Hseih

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Every New Hire Influence’s Culture 10th Employee = 10% of Workforce

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Hire for the Right Mindset

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Build a Culture of Idea Hunters

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Infuse Innovation in the DNA From the Beginning

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Approaches to Internal Innovation

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Hackathons Best When the Problems and Outcomes are Known

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Dabble Time Best When Employees are Entrepreneurial and You can Afford Experimentation Time

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Kaizen Best When Every Enhancement Matters and Tight on Resources (a.k.a. Start-Up) (Continuous Improvement)

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No Idea is too Small Everything can be Improved Innovation is Everyone’s Job Relentless Focus on Value Creation Kaizen (Continuous Improvement)

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Employees are the Best Source of Ideas

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Your Next Billion $$$ Feature You Never Know Which Employee Idea…

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“Let the Thousand Flowers Bloom” – Eric Schmidt (Google)

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Teach Employees to Spot, Nurture, and Develop Ideas

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Employees Often Have Ideas, but Don’t Know How to Channel Them

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A Well Designed Innovation Program Encourages More Ideas Ideas are Contagious

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M.A.S.T.E.R. Innovation Program

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6-Step M.A.S.T.E.R. Innovation Program Mobilize Toward a Mission Amass Ideas in a Central Repository Support and Educate Employees Triage Ideas for Validity Execute Valid Ideas Recognize Employees for their Contributions

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Step 1 – Mobilize Toward a Mission What is the Mission & Vision of the Program? What Kind of Ideas You Are Looking for? Which Business Aspects/Challenges to Focus? How to Evaluate an Idea? Who can Participate?

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Step 2 – Amass Ideas Easily Accessible System to Capture Ideas

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Step 3 – Support Employees Time to Experiment Seed Capital to Test Ideas Ongoing Encouragement

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Sep 4 – Triage and Refine Ideas Build Teams to Triage Ideas and Encourage Participation

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Step 5 – Execute Ideas Develop Plans and Allocate Resources to Implement Ideas

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Step 6 – Recognize Employees Props Wall of Fame Gamification Mix of intrinsic and extrinsic rewards… Emphasize intrinsic rewards

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MASTER Bottom-up Innovation Program Methodology for Bringing Out the Innovator in Employees

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Results Bottom Line Profits

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Powered by Employee Ideas…

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A Step-by-Step Guide for Creating Bottom-up Innovation Program Read The Bright Idea Box to Learn More…

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Thank you! Jag Randhawa Author of THE BRIGHT IDEA BOX @Jag_Randhawa www.TheBrightIdeaBox.com http://www.amazon.com/dp/B00HMTDQDK