Post on 12-Apr-2017
Corporate AcceleratorsThe signpost of a losing innovation battle
or the evidence of a changing culture?
Based on ...
The work, @toma_dan and @tendayiviki, have done with various enterprises and the research that went into www.thecorporatestartupbook.com
www.thecorporatestartupbook.com
What is innovation?
Newness + Creativity = Innovation
Not entirely true!
Newness + Creativity ~ R&D
Newness + Creativity + Business Model = Innovation
www.thecorporatestartupbook.com
Innovation vs. R&D
R & D Innovation
www.thecorporatestartupbook.com
No relationship
"God is not on the side of the big battalions, but on the side of those who shoot best"
- Voltaire
But how do startups succeed?
www.thecorporatestartupbook.com
Warning: cargo cult alert!
www.thecorporatestartupbook.com
The ecosystem
www.thecorporatestartupbook.com
How many VCs are in the world?
In the US alone, 874.
In the average enterprise, 1. www.thecorporatestartupbook.com
Why does external usually fail?
• Sketchy processes• Lack of innovation accounting
system• No future integration plan• Not in-line with vision (no
clear mandate)• Too much focus on
technology, too less focus on business model and customer's JTBD
www.thecorporatestartupbook.com
Why does internal usually fail?
• Same processes used to manage core mature business model
• Same yardstick (eg: ROI, NPV, IRR)
• HR strategy not in-line with innovation and global strategy
• Flawed incentives model• Marginal cost
www.thecorporatestartupbook.com
Internal vs. External a flawed narrative
Actually IN or OUT is irrelevant as long as the goal is not reached
www.thecorporatestartupbook.com
Adoption for scale
Ideation is usually not the issue.Validation and Scaling are.
www.thecorporatestartupbook.com
How to kickstart?
Independent of 'where' there are two ways to kickstart innovation in your enterprise.
Full Frontal Assault Guerrillawww.thecorporatestartupbook.com
Full Frontal Assault • Tackle the hard questions upfront• Get C-level support and mid-level
management buy-inFor internal you need (amongst other):- investment framework- product development framework- clear segregation between search
and executionFor external you need (amongst other):- everything required for internal- a bridge to connect the new
products with the existing business unitswww.thecorporatestartupbook.c
om
Guerrilla
• Prove that it works in that company by piloting a project using new methods and prove that the cost was lower than the traditional method.
• Find a well respected diplomat that can do the politics for you
• Identify visionary leaders and get them on-board
www.thecorporatestartupbook.com
Choose wisely
Innovation needs to managed differently.
The 'right' way depends on your context, culture, resources and capabilities.
Internal or External don't dictate the outcome, governance does.
www.thecorporatestartupbook.com
www.thecorporatestartupbook.com
Tendayi Viki@tendayiviki
Dan Toma@toma_dan