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Pride Investment Portfolio: An Innovation Management Advanced Topic

The first in a series of presentations containing advanced topics related to effective innovation management and organizational strategy.

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Pride Investment Portfolio: An Innovation Management Advanced Topic

  1. 1. PRESENTS PRIDE INVESTMENTS 10 8 6 4 2 0 A B C D E
  2. 2. Pride Investment Portfolio by Julian Keith Loren +1.510.396.0888 jkl@digiratti.com www.linkedin.com/in/juliankeithloren
  3. 3. Pride Investment Portfolio ROUGH DRAFT Seeing where individuals invest their pride can be pretty easy. GO TEAM! 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 3
  4. 4. Pride Investment Portfolio ROUGH DRAFT While pride investment varies widely, most of us are comfortable in disclosing our “Pride Investment Portfolio.” I’m very proud to be an Irish, Rastafarian, Vegan, Republican, Hockey Fan. 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 4
  5. 5. Pride Investment Portfolio ROUGH DRAFT When hiring, it can be useful to look for Pride Investments across 5 categories: 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 5
  6. 6. Pride Investment Portfolio ROUGH DRAFT When hiring, it can be useful to look for Pride Investments across 5 categories: Pride in Self SELF 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 6
  7. 7. Pride Investment Portfolio ROUGH DRAFT When hiring, it can be useful to look for Pride Investments across 5 categories: Pride in Association with the Organization SELF COMPANY 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 7
  8. 8. Pride Investment Portfolio ROUGH DRAFT When hiring, it can be useful to look for Pride Investments across 5 categories: Pride in Association with Admired Leaders SELF COMPANY LEADERS 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 8
  9. 9. Pride Investment Portfolio ROUGH DRAFT When hiring, it can be useful to look for Pride Investments across 5 categories: Pride in the Team of Co-Workers SELF COMPANY LEADERS TEAM 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 9
  10. 10. Pride Investment Portfolio ROUGH DRAFT When hiring, it can be useful to look for Pride Investments across 5 categories: “Artisanal” Pride in Work Product SELF COMPANY LEADERS TEAM WORK PRODUCT 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 10
  11. 11. Pride Investment Portfolio ROUGH DRAFT The goal is to ascertain the relative levels of Pride Investment in various categories, rather than absolute levels. SELF COMPANY LEADERS TEAM WORK PRODUCT 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 11
  12. 12. Pride Investment Portfolio ROUGH DRAFT Some examples: SELF COMPANY LEADERS TEAM WORK PRODUCT 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 12
  13. 13. Pride Investment Portfolio ROUGH DRAFT Some examples: You might look for a Salesperson with strong “Pride Investments” in Self, Co., and Leaders categories. PRIDE INVESTMENTS 10 8 6 4 2 0 SELF CO. LEADERS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 13
  14. 14. Pride Investment Portfolio ROUGH DRAFT Some examples: You might look for a Salesperson with strong “Pride Investments” in Self, Co., and Leaders categories. I love this company, I admire the executive team, and I’m the best sales person who ever walked this Earth. 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 14
  15. 15. Pride Investment Portfolio ROUGH DRAFT Some examples: If you are hiring someone for a highly- repetitive, non-creative position, you might look for much lower Self Pride investment. PRIDE INVESTMENTS 10 5 0 SELF CO. LEADERS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 15
  16. 16. Pride Investment Portfolio ROUGH DRAFT Some examples: If you are hiring someone for a highly- repetitive, non-creative position, you might look for much lower Self Pride investment. I will always follow instructions, and have tremendous loyalty to this company. 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 16
  17. 17. Pride Investment Portfolio ROUGH DRAFT Why is the Pride Investment Portfolio useful for Innovation Managers? 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 17
  18. 18. Pride Investment Portfolio ROUGH DRAFT Why is the Pride Investment Portfolio useful for Innovation Managers? Top Innovators have a unique (and problematic) way of “Investing Pride.” So what? I’m a genius! 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 18
  19. 19. Pride Investment Portfolio ROUGH DRAFT Typical Pride Investment Portfolio for a Top Innovator PRIDE INVESTMENTS 10 8 6 4 2 0 SELF CO. LEADERS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 19
  20. 20. Pride Investment Portfolio ROUGH DRAFT What is the problem? PRIDE INVESTMENTS 10 8 6 4 2 0 SELF CO. LEADERS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 20
  21. 21. Pride Investment Portfolio ROUGH DRAFT What is the problem? To Human Resources (H.R.) professionals in your company, this will look “Dissociative.” PRIDE INVESTMENTS 10 8 6 4 2 0 SELF CO. LEADERS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 21
  22. 22. Pride Investment Portfolio ROUGH DRAFT What is the problem? The Top Innovators that you need may fail personality and psychological testing. PRIDE INVESTMENTS 10 8 6 4 2 0 SELF CO. LEADERS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 22
  23. 23. Pride Investment Portfolio ROUGH DRAFT Common Solution Your H.R. Top Innovator Innovation (a.k.a. Talent Pool Team “Top Innovator Filter”) Hire as Contractors/ Consultants 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 23
  24. 24. Pride Investment Portfolio ROUGH DRAFT Common Solution Contractors are not expected to have long-term loyalty to the Your H.R.executive Top Innovator company or Innovation (a.k.a. management, and often by-pass Talent Pool Team “Top Innovator H.R. screening. Filter”) Hire as Contractors/ Consultants 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 24
  25. 25. Pride Investment Portfolio ROUGH DRAFT Is there a better solution? 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 25
  26. 26. Pride Investment Portfolio ROUGH DRAFT Is there a better solution? Top Innovators are “Associative” PRIDE INVESTMENTS 10 8 6 4 2 0 SELF CO. LEADERS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 26
  27. 27. Pride Investment Portfolio ROUGH DRAFT Is there a better solution? But with successful innovation teams and specific accomplishments PRIDE INVESTMENTS 10 8 6 4 2 0 EGO GROUP FAN TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 27
  28. 28. Pride Investment Portfolio ROUGH DRAFT Is there a better solution? Rather than with the company and the executive team. PRIDE INVESTMENTS 10 8 6 4 2 0 SELF CO. LEADERS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 28
  29. 29. Pride Investment Portfolio ROUGH DRAFT Top Innovator Outlook I’ll work at a big company, if it I get bigger, more-challenging projects. I’ll stay here as long as the work is interesting. Shannon, Pacho & I created some amazing products 5 years ago. We’re all excited about joining this company, because we get to work together again. 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 29
  30. 30. Pride Investment Portfolio ROUGH DRAFT Top Innovator Value HUGE 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 30
  31. 31. Pride Investment Portfolio ROUGH DRAFT Top Innovator Value HUGE Which is one reason that we have a “War for Talent” 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 31
  32. 32. Pride Investment Portfolio ROUGH DRAFT What are your chances of winning the “War for Talent” … 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 32
  33. 33. Pride Investment Portfolio ROUGH DRAFT What are your chances of winning the “War for Talent” if you apply standards that were created for personnel in non-creative, highly-repetitive roles … 10 5 0 SELF CO. LDRS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 33
  34. 34. Pride Investment Portfolio ROUGH DRAFT What are your chances of winning the “War for Talent” if you apply standards that were created for personnel in non-creative, highly-repetitive roles to personnel in highly-creative, non-repetitive roles? 10 10 5 5 VS. 0 0 SELF CO. LDRS TEAM WORK SELF CO. LDRS TEAM WORK 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 34
  35. 35. Pride Investment Portfolio ROUGH DRAFT Are there other practices that are keeping you from creating a highly-effective innovation organization? 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 35
  36. 36. Pride Investment Portfolio ROUGH DRAFT Join the discussion! Be part of the solution! 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 36
  37. 37. Pride Investment Portfolio ROUGH DRAFT If you are interested in participating in round-tables or collaborative workshops on … 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 37
  38. 38. Pride Investment Portfolio ROUGH DRAFT If you are interested in participating in round-tables or collaborative workshops on • Innovation Culture, • Organization Optimization for Innovation Effectiveness, • Innovation Strategy, • or other Innovation Management topics, … 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 38
  39. 39. Pride Investment Portfolio ROUGH DRAFT If you are interested in participating in round-tables or collaborative workshops on • Innovation Culture, • Organization Optimization for Innovation Effectiveness, • Innovation Strategy, • or other Innovation Management topics, Please contact the at collaborate@innomgmt.com 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 39
  40. 40. Pride Investment Portfolio ROUGH DRAFT More thoughts, models, and tales to follow … Julian Keith Loren +1.510.396.0888 jkl@digiratti.com www.linkedin.com/in/juliankeithloren 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 40
  41. 41. Pride Investment Portfolio ROUGH DRAFT Please send comments to jkl@digiratti.com THANK YOU! THANKS TO: ∙ Dr. Monika Hamori, IE Business School, for valuable feedback on an early version of the Pride Investment Portfolio. 1/7/2009 © 2008-2009 Julian Keith Loren. All Rights Reserved. 41
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The first in a series of presentations containing advanced topics related to effective innovation management and organizational strategy.

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