February 21, 2011 presentation hosted by University of Chicago Booth School of Business Entrepreneurial Roundtable at Northern Illinois University Naperville Campus. Video by Stone Cliff Productions, Inc.
Professor Praveen Gupta is one of the leading advocates of studying innovation scientifically. He believes that innovation can be fostered, taught and learned. After attending the Professor’s presentation, you will recognize your own creative potential, be more informed of the potential opportunity the current economic environment presents, understand the innovation process better, and be inspired to do something innovative.
Professor Gupta will present the state of innovation today, challenges our communities and corporations face, and how leaders in government, education and corporations can pursue innovation in order to contribute to an economic turnaround. Today, global competition is forcing corporations towards organic growth. However, the suitability and responsiveness of the current R&D or innovation processes are inadequate for organic growth. The conventional success rate is not acceptable to achieve the necessary return on investment based on innovation and R&D alone.
The leadership dilemma is how to pursue the most talked about innovation trends. Some leaders get it but most are unable to put their arms around the mystery of innovation. Most large consulting companies are trying to figure out how to help clients in the knowledge economy but are limited by their lack of understanding of the evolving field of innovation. The best that they can do is survey companies and engage clients. Survey findings are inconsistent year after year and confusing for executives to figure out where to start. Corporate growth is limited, national debt is growing, jobs are not being created, employee intellectual potential is being overlooked, and innovation remains unexploited.
Praveen Gupta recognized this scenario in 2003 and has studied innovation for the knowledge age drawing parallel to time motion studies of the industrial age in late 19th or early 20th century. He focused on pursuing science of innovation so it can be understood better, taught in academia, utilized in industry, and standardized to make it predictable, pervasive and profitable. Currently, his innovation curriculum is being taught at the Illinois Institute of Technology, the University of Illinois, and several other leading universities.
Praveen Gupta is an Adjunct Industry Professor for teaching Business Innovation at IIT School of Applied Technology, a Visiting Lecturer for teaching Innovation for Engineers at the University of Illinois, and an internationally recognized thought leader in the Process Management, Corporate Performance, Six Sigma and Innovation fields. He is the author of many books including, Business Innovation in the 21st Century (2007), The Six Sigma Performance Handbook (2005), and Six Sigma Business Scorecard (2003). He Has conducted workshops internationally and speaks frequently on business management topics.
Professor Gupta is also President of Accelper Consulting, which consults with organizations in Lean Six Sigma and innovation areas. He is pursuing the innovation change in society through innovation education at the college level, and training and certification programs for corporation.