Embracing the Circular Economy Through Innovation
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1 Embracing the Circular Economy Through Innovation Azim Pawanchik
2 Introduction A boutique innovation & transformation consulting company Est Innovation Consulting Uncover the Why, Where & How to Innovate Copyright Reserved Alpha Catalyst Consulting 2018 Pioneer in innovation consulting Thought leaders on innovation & transformation Blends strategy, process, culture & digital Innovation Capability Build Capability & Accelerate Impact Innovate & Transform Smarter! Innovation Management Software Scale & Empower Transformation
3 CONTENT What is Innovation? Drivers and Barriers Embracing the Circular Economy Copyright Reserved AlphaAlpha Catalyst Consulting Sdn. Bhd Copyright Reserved Catalyst Consulting
4 What is Innovation? Creativity Invention Mindset Technology Risk Patents (IP) R&D Culture Business Model Blue Ocean Design Services New Products Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2015
5 One of the biggest hurdle is agreeing on what innovation really means. Barbara Riegger, Manager at Ernst & Young GmbH
6 Innovation associations Source: InnovAsian Survey (2014) Copyright Reserved Alpha Catalyst Consulting 2018
7 Creativity = Fresh Ideas Innovation = Fresh Ideas + Change + Value Creation Reserved Alpha Catalyst Consulting Sdn. Bhd Copyright Copyright Reserved Alpha Catalyst Consulting
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10 Bribery in India: What to do about it? Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
11 Present in 16 countries > 400,000 reports Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2015
12 Impact: The website team helped Bhaskar Rao's department to identify the procedures most prone to corruption.
13 shipping damage dropped by 70%-80% Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
14 New Design shipping damage dropped by 70%-80% Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
15 Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2015
16 CONTENT What is Innovation? Drivers and Barriers Embracing the Circular Economy Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
17 Purpose of Innovation Grow Sustain Survive Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
18 Innovation Drivers Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2014
19 INNOVATION INHIBITORS 0% 10% 20% MALAYSIAN CULTURE GOVERNMENT POLICIES / SUPPORT INFRA-STRUCTURE SUPPLIERS / VENDORS HUMAN CAPITAL FINANCING CURRENT ECONOMIC SITUATION BUSINESS PARTNERS TECHNOLOGY CUSTOMERS COMPETITORS INHIBITOR Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd % 40% 50%
20 INNOVATION READINESS Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
21 Source: Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
22 Source: Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
23 CONTENT What is Innovation? Drivers and Barriers Embracing the Circular Economy Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
24 circular economy In a circular economy, the value of products and materials is maintained for as long as possible, waste and resource use are minimised, and resources are kept within the economy when the product has reached the end of its life, to be used again and again to create further value. European Commission Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
25 Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2015
26 Making Innovation Happen Copyright Reserved Alpha Catalyst Consulting
27 Challenge: Coffee Related Waste/By Products Around six million tonnes of spent ground coffee (what s leftover when a coffee bean is ground and discarded) makes it to landfills around the world every year. That volume is pretty much equal to the capacity of Great Pyramid of Giza in Egypt. Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
28 Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
29 Recycled Nespresso Coffee Pods Used To Create Caran d'ache Pen Challenge: Coffee Pods Waste Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
30 INNOVATION MASSIVE What is the impact of your innovation effort? IMPACT innovation NONE INCREMENTAL Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd CHANGE RADICAL
31 INNOVATION READINESS Copyright Reserved Alpha Catalyst Consulting Sdn. Bhd. 2016
32 CONNECT Calculate ROI Tangible + Intangible Connect with customers + employee Embed innovation within the community to create long term value Replicate + Scale CONVERT Start small tests Measure reactions Practice work-in-progress model Rollout improvements with incoming feedback CREATE Be multidisciplinary in CONCEIVE seeking answers Seek diversity to find unique solutions for unique problems Challenge the status quo Identify the problem Observe surroundings What are the real issues plaguing people? Carefully observe and listen
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