agua caliente park, tucson,...
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Jim Jindrick
Agua Caliente Park, Tucson, Arizona
© 2004 by Wencil Research, LLC. All rights reserved.
Innovation Rules of Thumb
Jim JindrickManaging [email protected]
Wencil Research, LLCTucson, Arizona USA
IEEE/PES Switchgear
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Jim Jindrick
Buenvenidos a Tucson!
…but it’s DRY heat!!
Jim Jindrick
Tucson Attractions
Arizona-Sonora Desert MuseumBiosphere 2Kitt Peak National ObservatoryPima Air & Space Museum; Titan Missile MuseumSabino Canyon Recreation AreaSaguaro National ParkSan Xavier del Bac MissionTombstone (OK Corral, Wyatt Earp, Cochise, Geronimo)University of Arizona
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Jim Jindrick
Tucson Movies!
Tin Cup– Kevin Costner
Gunfight at the OK Corral– Burt Lancaster– Kirk Douglas
The Bells of St. Mary’s– Bing Crosby– Ingrid Bergman
The Gambler– Kenny Rogers
The Last Outpost– Ronald Reagan
Rio Bravo– John Wayne– Dean Martin
Lilies of the Field– Sidney Poitier
Hombre– Paul Newman
Jim Jindrick
Tucson Movies!
The Quick and the Dead– Gene Hackman– Russell Crowe– Leonardo DiCaprio– Sharon Stone
Winged MigrationThree KingsWild, Wild WestRevenge of the NerdsCan’t Buy Me Love
Tombstone– Val Kilmer– Kurt Russell
The Three Amigos– Chevy Chase– Steve Martin– Martin Short
The Cannonball RunTrial of Billy Jack
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Jim Jindrick
Jim Jindrick
Thomas A. Edison Technology Center
Program ManagerMicroelectronic Systems Group
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Jim Jindrick
Patents
Electronic Watt-Hour MeterMicroprocessor-based Recloser ControlMicroprocessor-based Tap-changing Voltage Regulator Control
R-C Circuit!!!
Jim Jindrick
[McGraw-Edison]
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Jim Jindrick
Cut and Paste Designs!SCAMPER...Combine!
Jim Jindrick
Hey, boss…how about a raise!?
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Jim Jindrick
Jim Jindrick
Wanted: Engineer/Entrepreneur
Wouldn’t that be nice......with a Personal Computer?!– Energy Management Systems– Factory Product Test Systems– Laboratory Automation Systems
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Jim Jindrick
First Artificial Heart Transplantas a Bridge to New Human Heart
1985: University of Arizona Medical Center
“Hey! That’s our stuff!”
Jim Jindrick T.I.
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Jim Jindrick
Some 200 University ProgramsU.S. News and World Report: #5 PublicEntrepreneur magazine: #1 Public
Jim Jindrick
Advanced E-mail Security SystemsAutonomous Service VehiclesFiber Optic Hydrocarbon (Oil) Leak Detection SystemE-commerce in a BoxAirborne Toxin Detection SystemSolar SiliconCorneal Topography Systems...14 other new ventures
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Jim Jindrick
Entrepreneur: a person who identifies opportunities, generates ideas, innovates, plans, organizes, operates, and mitigates the risk for a new ventureIntrapreneur: a person who identifies opportunities, generates ideas, innovates, plans, organizes, operates, and mitigates the risk for a new venture within an established organization
Jim Jindrick
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Jim Jindrick
Start with the End in Mind!
Three Things Every CompanyMUST DO to Survive!
Stephen Covey’s Rule of Thumb
Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition!
Profit: No profit, no business!Earn: It takes work!
Business Success Rule of Thumb
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Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition!
Customer: Source of Revenue, Profit!Customer Problems: Opportunities!Solutions: Products, Services, Methods
Business Success Rule of Thumb
Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition!
Competition: Current Solutions, Alternatives, Substitutes, ReplacementsBetter: How Customers Choose
Business Success Rule of Thumb
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Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition
Business Success Rule of Thumb
Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition
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Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition
BETTER? INNOVATION!
Jim Jindrick
An Innovation isSomethingBetter
SOMETHING: Product, Service, MethodBETTER: Improved, SuperiorNEW: Novel, Unique, Creative, Inventive
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Jim Jindrick
An Innovation isSomethingBetter and New
SOMETHING: Product, Service, MethodBETTER: Improved, SuperiorNEW: Novel, Unique, Creative, Inventive
Jim Jindrick
An Innovation isSomethingBetter and New
SOMETHING: Product, Service, MethodBETTER: Improved, SuperiorNEW: Novel, Unique, Creative, Inventive
Patents
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Jim Jindrick
An Innovation isSomethingBetter and New
SOMETHING: Product, Service, MethodBETTER:NEW:
Jim Jindrick
An Innovation isSomethingBetter and New
SOMETHING: Product, Service, MethodBETTER:NEW: CREATIVITY
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Jim Jindrick
An Innovation isSomethingBetter and New
SOMETHING: Product, Service, MethodBETTER:NEW: CREATIVITY...Imagination, Openness
Jim Jindrick
An Innovation isSomethingBetter and New
SOMETHING: Product, Service, MethodBETTER: COMPETITIVENEW: CREATIVITY
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Jim Jindrick
An Innovation isSomethingBetter and New
SOMETHING: Product, Service, MethodBETTER: COMPETITIVE...Internal, ExternalNEW: CREATIVITY
Jim Jindrick
An Innovation isSomethingBetter and New
SOMETHING: Product, Service, MethodBETTER: COMPETITIVENEW: CREATIVITY
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Jim Jindrick
“Opportunity called me, faxed me, e-mailed me, spammed me,
beeped me, paged me...but I was expecting it to knock!”
Jim!
Grandma’s Rule of Thumb
Jim Jindrick
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Jim Jindrick
The best way to have a good idea is…to have lots of ideas to choose from!
INNOVATION starts with ideas!
Linus Pauling’s Rule of Thumb
Jim Jindrick
Innovation Tools
BrainstormingGive it a SWOTSCAMPER
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Jim Jindrick
BRAINSTORMING
Team sport!No criticism allowed!Anything goes…wild, crazy, impractical, ingenious!All ideas encouraged!Piggyback, improve, combine with other ideas!Use SCAMPER to stimulate ideas!Record all idea…filter later!
Jim Jindrick
SWOT
Strengths?Weaknesses?Opportunities?Threats?
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Jim Jindrick
SWOT
Strengths? What do customers like?Weaknesses? What do customers dislike?Opportunities? What else could we do?Threats? What might get in the way?
Jim Jindrick
SCAMPER
SubstituteCombineAdaptModify, minify, magnifyPut to other usesElaborate, eliminateRearrange, reverse
Bob Eberle’s Rule of Thumb
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Jim Jindrick
SCAMPER
Substitute...software for hardwareCombine...personal computerAdapt...embedded PCsModify, minify, magnify...microprocessorsPut to other uses...coffee “bars”Elaborate, eliminate...handles on coffee cansRearrange, reverse...Internet commerce
Bob Eberle’s Rule of Thumb
Jim Jindrick
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Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition
New and Better Products!New and Better Services!New and Better Methods!
New and Better VALUE
Innovation Target
Jim Jindrick
VALUE = BENEFITS - PRICE
Good Value: Benefits > PriceBad Value: Benefits < Price
Bargain: Benefits >> Price!Rip-Off: Benefits << Price!
Innovation Target
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Jim Jindrick
VALUE = BENEFITS - PRICE
Objective Benefits:Features, Functions, Fit, Form, PerformanceSubjective Benefits:Brand Recognition and Reputation, Color, Appearance, Taste, Smell, Sound, ConvenienceCUSTOMERS decide what is BETTER!
Innovation Target
Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition
New and Better Problems!Problems that you can solve BETTERExpertise, Experience, Resources
Innovation Target
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Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition
New and Better CUSTOMERS!New Customers that have Problems you can Solve Better than the current alternatives!
Innovation Target
Jim Jindrick
Earn a ProfitSolving Customer ProblemsBetter than the Competition
New and Better Methods of ProductionImprove Efficiency and Effectiveness
Innovation Target
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Jim Jindrick
Jim Jindrick
The Key to Continuous Income is…Continuous Innovation!
Andy Grove’s Rule of Thumb
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© 2004 by Wencil Research, LLC. All rights reserved.
Innovation Rules of Thumb
Jim JindrickManaging Director
Wencil Research, LLCTucson, Arizona USA
IEEE/PES Switchgear
Jim Jindrick
DOOR PRIZE!
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Jim Jindrick
What Do These Countries Have In Common?
AustraliaBurmaCambodiaChileCosta RicaCubaCzech RepublicDominican RepublicFranceIcelandNorth KoreaLaosLiberiaLuxembourg
MyanmarThe NetherlandsNorwayPanamaPuerto RicoRussiaSamoaSerbia and MontenegroSlovakiaTaiwanThailandUnited KingdomUnited StatesYugoslavia
Jim Jindrick
Their Flags are Red, White, and Blue!
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© 2004 by Wencil Research, LLC. All rights reserved.
Innovation Rules of Thumb
Jim JindrickManaging [email protected]
Wencil Research, LLCTucson, Arizona USA
IEEE/PES Switchgear