2019年7月16日星期二

HKPC Seminar on Smart Innovation for new business models in i4.0 and e4.0

Hong Kong Productivity Council (HKPC) and INC Invention Centre coorganized Seminar named “Smart Innovation for new business models in Industry 4.0 and Enterprise 4.0” on 16th July 2019.  The seminar aimed to introduce the know-how and methods of how successful start-ups in Silicon Valley and elsewhere have transformed their business , with implementing agile project management, design thinking and customer-centric innovation as well as how to leverage the power of Industry 4.0 (i4.0) and Enterprise 4.0 (e4.0) to apply digital business models.  I took a photo with Mr. Partick Kabasici in front of the INC Invention Centre.


Mr. Patrick Kabasci (Technology Management, Fraunhofer IPT, KEX Knowledge Exchange AG) was the speaker and his topic named “Innovation for new business models”.  Firstly, he discussed some companies did not change using sailboat as example.  Eventhough we added more sail in the boat, it did not faster than steam one.


He then quoted Clayton M. Christensen (his theory of "disruptive innovation") that most executive compared the cash flows from innovation against the default scenario of doing nothing.  But the assumption was wrong because of discounted cash flow without innovation investment.  


And then he briefed the Business Model Generation (Osterwalder, 2013) in which had 9 building blocks of a company.  It could be associated with the four fundamental clusters Customer, Product, Abilities and Finances. 


After that Patrick briefed three measures to be a world-class innovation and they were “Innovate with Customer”, “Focus Core Competence” and “Network with Partner”.  He also mentioned companies faced with increasing Volatility, Uncertainty, Complexity and Ambiguity (VUCA).  


Mr. Patrick Kabasci introduced agile project management which employed in software. He said it could also employed in hardware through 3D printing and other advanced technology.  


He also briefed the fast feedback loop model from lean startup that Learn Faster, Build Faster and Measure Faster.  Then he stated to identify and understand customer segments and asked “How do customers interact with my product or service?”


After the break, Patrick led us to do the exercise for customer journey using Ready-to-Drink coffee.  We did the exercise to write down the customer behavior to evaluate the product is a good idea or not.  He then used the diagram to explain new insights changed the specification over time until a good final product reached.  


Then he introduced the second measures “Focus Core Competence” and using Job-based thinking for innovation.  JOBS stands for Job-to-be-Done, Objectives or Outcomes, Barriers and Solutions.  Customers did not just buy a product; they would like to get a job done with it.


Patrick added to concentrate added value on activities which match your company’s own core competencies and then allocating resources intelligently.  


Finally, he mentioned to establish efficient key partnerships in order to acquisition of particular resources and activities, optimization and economy of scale, as well as, reduction of risk and uncertainty.  He introduced INC Invention Center network and their vision stated “We create world class innovators”.  



Reference:

Related I4.0 Activities:
20150820: HKIE Seminar on Industry 4.0: The 4th Industrial Revolution - https://qualityalchemist.blogspot.com/2015/08/hkie-seminar-on-industry-40-4th.html
20161111: HKSQ Seminar on Reliability & Maintenance: Enablers of Industry 4.0 - https://qualityalchemist.blogspot.com/2016/11/hksq-seminar-on-reliability-maintenance.html
20161116: HKSQ Study Mission for Industry 4.0 – Day 1: Visit to CSQ - https://qualityalchemist.blogspot.com/2016/11/hksq-study-mission-for-industry-40-day.html
20161117: HKSQ Study Mission for Industry 4.0 – Day 2: Visit to FineTek Group & King Design Industrial - https://qualityalchemist.blogspot.com/2016/11/hksq-study-mission-for-industry-40-day_17.html
20161118: HKSQ Study Mission for Industry 4.0 – Day 3: Visit to National Cheng Kung University and Attend CSQ Annual Dinner - https://qualityalchemist.blogspot.com/2016/11/hksq-study-mission-for-industry-40-day_18.html
20161119: HKSQ Study Mission for Industry 4.0 – Day 4: Attend to the International Symposium of Quality Management (ISQM) 2016 - https://qualityalchemist.blogspot.com/2016/11/hksq-study-mission-for-industry-40-day_19.html
20161212: HKSQ Seminar on Industry 4.0 – Taiwan Experience - https://qualityalchemist.blogspot.com/2016/12/hksq-seminar-on-industry-40-taiwan.html
20170109: IndustryConnect@Science Park – Industry 4.0 & Smart Living Solution - https://qualityalchemist.blogspot.com/2017/01/industryconnectscience-park-industry-40.html
20170913: HKSTP TecONE Seminar “Industry 4.0 and Its Potential Opportunities for Tech Companies” - https://qualityalchemist.blogspot.com/2017/09/hkstp-tecone-seminar-industry-40-and.html
20180903: HKPC Seminar on Hong Kong Industry towards “Industry 4.0” Deployment - https://qualityalchemist.blogspot.com/2018/09/hkpc-seminar-on-hong-kong-industry.html
20181116: HKSQ Seminar on Quality Innovation from i4.0 to Q4.0 - https://qualityalchemist.blogspot.com/2018/11/hksq-seminar-on-quality-innovation-from.html#more
20190401: HKPC Industry 4.0 Implementation Workshop - Pilot Project - https://qualityalchemist.blogspot.com/2019/04/hkpc-industry-40-implementation.html
20190412: HKPC Industry 4.0 Implementation Workshop – Strategic Focus and Steps - https://qualityalchemist.blogspot.com/2019/04/hkpc-industry-40-implementation_12.html

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