Turning Large Corporate Containerships Into Nimble Startup Speedboats by Janet Bumpas, Program...

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Container Ships & Speedboats Janet Bumpas

Transcript of Turning Large Corporate Containerships Into Nimble Startup Speedboats by Janet Bumpas, Program...

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Container Ships

&Speedboats

Janet Bumpas

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Executives

Innovators

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InternalEcosystem

Executives

Innovators

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Innovators

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Your first idea is not always a

good idea

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23% of startupsthat fail, fail due to

wrong team

CB Insights: The Top 20 Reasons Startups Fail

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So what makes a

good team?

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If you can’t feed a team with two

pizza’s, it’s too large.Jeff Bezos

CEO and Founder Amazon

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Two Pizza Team?

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Skillset ToolsetMindset

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HustlerHacker Hipster

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Ownership(80%)

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Never Give Up(20%)

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Misfits

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InternalEcosystem

Executives

Innovators

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Executives:Set Vision &

Create Environment

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1. Strategic Alignment

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2. Portfolio Management

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Horizon 1

Horizon 2

Horizon 3

Time

Mature Business

0-12 monthsGenerates

today’s cash flow

Emerging Business36-72 Months

Options on future high growth businesses

Rapidly Growing or Adjacent

Market Business12-36 Months

Today’s revenue growth and

tomorrow’s cash flow

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H1 H2 H3

Google 70% 20% 10%

Lean Enterprise: How High Performance Organizations Innovate at Scale Lean. O'Reilly. Dec 4, 2014. Jez Humble, Joanne Molesky, and Barry O’Reilly

Intuit 60% 30% 10%

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Executives:Set Vision &

Create Environment

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Safe Sandbox

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AlignmentProtection

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Investing time, money, and

resources before having results

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https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses

How long does it take corporate

ventures, on average, to become

profitable?

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https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses

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https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses

How many had a positive cash flow in

the first two years?

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https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses

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https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses

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https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses

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Innovation Accounting

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InternalEcosystem

Executives

Innovators

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Speedboat Container Ship

Our first five ideas failed. No bonus for you this year!

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Speedboat Container Ship

We made it up Denied.

Can we have some money? What’s your ROI?

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Speedboat Container Ship

Totally brand new product! Does that fit our brand guidelines?

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Innovators Container Ships

This new product is going to be huge!

That’s not in my three year plan. Sorry

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Speedboat Container Ship

I just made up an unbranded fake door experiment

Oh, no, no.Those are not approved.

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Speedboat Container Ships

We’ve talked with lots of customers and….

Who gave you permission to talk to them?

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Innovation Culture

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Can I have a picture from a Philips masterclass?

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Your first idea is not always a

good idea

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Thank You

[email protected]