Leading Through Innovation

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Leading Through Innovation

• Rand Blazer
• Chairman Chief Executive Officer
• January 23, 2004

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Leading Through Innovation

• What is Innovation?
• Are market leaders innovative?
• How much of the world relies on innovation?
• How much should we rely on it?
• How does a company foster it?
• What are the innovations of the future that might
  impact our world?

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My Perspectives

• As a Chairman and Chief Executive Officer
• As a business systems integrator to Global 2000
  companies and top 500 Public Service
  organizations in the world
• As an information solution partner

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About BearingPoint

• Today
• NYSE BE
• 15,000 professionals
• A record of market leading performance
• Enduring relationships with world-class clients
• 704 Global 2000 accounts, 164 Public Services 500
  accounts
• A leader in business systems integration
• 97 retention of our top 100 clients
• 2002 Completed global acquisitions and
  re-branding
• 2001 IPO
• 1997 Consolidated consulting units within KPMG
  LLP
• 1897 2000 Part of worlds 6th largest private
  firm

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Innovation Defined
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Another View
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A Few Truths
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Innovators or Adapters?
Did Dell create the first computer?
Did Microsoft install the first operating
software with a new graphical users interface on
a PC?
Was it first sold at Wal-Mart?
Did Google create the first internet search
engine?
Is Six Sigma innovation?
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Of Course Innovations Do Happen
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The Questions to Managers Today

• Where will my innovation come from?
• What type and how much do I need / want?
• How do I foster innovation in my business?
• How do I know how effective we are with it?

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Framework for Managing Innovation

• Understand your business and competitive position
• Baseline your businessits products / services,
  processes and model
• Assess competitive strategies and disruptive
  opportunities
• Identify where the impact areas are to your
  business
• Invite team attention, empower creative thinking
• Institute a process for channeling innovation
  ideas
• Know when to pounce on the ideas
• Commit to follow through

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Opportunity to Innovate For Ourselves and Our
Clients
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For Our Clients
BALANCING
Near-TermResults (ROI)
Innovation
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More Questions

• Is ROI a damper to innovation?
• Do you have to be creative to be an innovator?
• How do you reward innovation versus operational
  performance?
• What is the timeline for impact?

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Tomorrows Breakthroughs

• Bio-technology
• RFID
• Weaponry (Robotics and/or Invisibility)
• Intuitive Intelligence

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