Corporate Accelerators. Good or Bad

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

http://www.thecorporatestartupbook.com/




What is innovation?

Newness + Creativity = Innovation

Not entirely true!

Newness + Creativity ~ R&D

Newness + Creativity + Business Model = Innovation




Innovation vs. R&D

R & D Innovation




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?




Warning: cargo cult alert!




The ecosystem




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




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




Internal vs. External a flawed narrative

Actually IN or OUT is irrelevant as long as the goal is not reached




Adoption for scale

Ideation is usually not the issue.Validation and Scaling are.




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




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.





Tendayi Viki@tendayiviki

Dan Toma@toma_dan


Corporate Accelerators. Good or Bad

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