Concern Care Create
Innovation på rygraden
Hans Brink Hansen
Innovation Manager
Grundfos A/S
”Shoot for the moon, even if you miss,
you'll land amongst the stars..”
- Les Brown
Grundfos history
Global Leader in Pump Technology
and why ?
Global Leader
Less than
10%
Of World market...
Differentiation with
Sustainability
& Product Performance
But distance to competition becomes less
…Time to speed up Innovation…
Innovation Year Î getting to the next level of Innovation Management
Lack of burning platform
…Time to set a new direction
AND speed up Innovation…
Time to choose our future
CO2 and Climate Change
Growing markets
Growing middle class
New technologies
Population growth
Urbanization
Innovation Intent vs. Strategy plan
Innovation
Intent
2025
- adjust (L1)
- continue (L0)
2006
- transform (L3)
- reconfigure (L2)
HALF of our growth
From
Tecnologies that didn’t even
EXIST in 2007
1/3
turnover
…
of our
will come
from something other than pumps…
Year 2025
75.000 employees?...
“The world around us is changing”
“Products and solutions the world has never seen before”
“The future needs Grundfos”
3 Innovation platforms
1. Be there for Future Homes and Living in China
Differentiated solutions for domestic buildings in China
2. Support Zero Impact Commercial Buildings
Find our market place and support Zero-impact
commercial buildings
3. Rethink Decentralized Water Treatment
Meet the growing need for environmental care
with local solutions
Purpose of the Innovation Platforms
The platforms define our ambitions and direction for future innovation at Grundfos.
They help prioritize efforts to meet the ambitions of the Innovation Intent.
2025
2006
Innovation
Intent
2025
2006
Innovation
Intent
In fortissimo means mastering……..
21
what
…And
would it take
It takes a tool box:
– processes
– metrics
– common terms……
It takes talented people:
–experimentation
–entrepreneurship
–partnerships…
It takes knowlegde and insigts:
–Spotting trends and themes
– Recognizing opportunities
- Uncovering latent and hidden needs
What we have
DONE>
Type of Innovation - Governance Model
Low
Radical/Breakthrough
Innovation
Evolutionary
Innovation
Incremental
Innovation
Regional sales companies
Level of uncertainty
High
Type of Innovation - Process
High
Radical/Breakthrough
Innovation
Level of uncertainty
Discovery
Low
Evolutionary
Innovation
DP Process
Incremental
Innovation
Incubation
Acceleration
Language on Radical Innovation and New Business
Creation
Radical Innovation take something different to our well known processes.
We have learned working with the 3 phases:
Discovery:
Evolve
from
an$idea
to opportunity
to Business
Concept as a candidate
Learning
per
spent
-> reward early
failure!
for Incubation.
Incubation:
Based
on a learning
plan,
systematic
of market,
technical,
Experiment!!!
Keep
learning
loopsreduction
short and
to the point
resource
and organizational
and redirect
when needed.uncertainties by experiments in the
marketplace.
Acceleration:
Accelerate
new businesses.
Point
of nopromising
return - Manage
risk and time
”Shoot for the moon, even if you miss,
you'll land amongst the stars..”
- Les Brown
Have YOU asked yourself
• What defines your burning platform ?
• What is your innovation strategy ?
• Do you have the right processes, metrics and
governance ?
• Do you have the right people, mindset and culture?
• Do you have the right alliances and partnerships ?