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.
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
20160827:
HKSQ Seminar on Future Manufacturing - https://qualityalchemist.blogspot.com/2016/08/hksq-seminar-on-future-manufacturing.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
20180530:
FHKI Industrialist Forum 2018 - https://qualityalchemist.blogspot.com/2018/05/fhki-industrialist-forum-2018.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
20180914:
Industry 4.0 Interactive League Platform - https://qualityalchemist.blogspot.com/2018/09/industry-40-interactive-league-platform.html
20181015:
HKPC Smart Enterprise Practical Training - https://qualityalchemist.blogspot.com/2018/10/hkpc-smart-enterprise-practical-training.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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