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Seven Sources of Innovative

Opportunity Peter Drucker


Presented by Dr. Jaime O.
Umali

Innovation
Instrument of entrepreneurship
Endows resources with a new
capacity to create wealth

AlO3 or bauxite
Penicillin (mold)
Chinese gooseberry
Coconut husk

1. The Unexpected
Nutrasweet
Post it notes
Defective recorder and defective
speaker = Walkman

2. Incongruities
Volkswagen beetle (no water, no
radiator, push rather than pull)
Coffee that will not keep you awake
Beer that will not make you drunk

3. Process Needs
Mobile Apps for
- banking services
- logistics and supply chain for fast
food operations
- cloud processing
Distance learning

4. Industry and Market


Structure
Outsourcing India and the
Philippines
Business Processes
- transcription
- programming
- call centres
Manufacturing facilities to Asia and S
E Asia

5. Demographics

Needs related to changes in


Age
Gender classifications
Ethnicity

6. Changes in Perception

Fat was good


Fat is not good
new healthier products
new food substitutes
Coconut oil (Blue Coconut oil) ?
Sweetener?
Mcdonald required to show calories

7. New Knowledge

Microelectronics
New programming methods
Biotechnology
Nanotechnology
Agriculture GM fruits and
vegetables