WHAT IS INNOVATION?
Innovation is change that creates a new dimension of performance
- Solves a real problem
- Means venturing into uncharted territory
- Leads to significant positive change
- Delivers new value to a customer
UBER DIDN’T IMPROVE THE TAXI
It created a platform to connect people with common needs
MINING IS IN DIRE NEED OF INNOVATION
VOLUME AT ANY COST = INEFFICIENCY
The previous focus on volume at any cost has led to highly inefficient practices in terms of productivity.