Corporate Innovation: From Chaos to Predictable Outcomes
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Transcript of Corporate Innovation: From Chaos to Predictable Outcomes
From chaos to predictable outcomes @Strategy and Innovation World Forum
Emanuel Martonca London, 2017
Good design, technology and engineering create trust.
The opposite is also true. You cannot do disruptive innovation without trust.
Your CFO’s definition for Chaos
A context where it’s ok to fail.
Making mistakes is encouraged. Every. Single. Day.
Being inneficient is not a tragedy.
And you spend (a lot of) money without an immediate, guaranteed return on investment.
The six obstacles standing in the way for Corporate
Innovation
6
Treating People as Resources
#1
Article on innovation in leading business journal, using “resources” instead of “people” or “team members”.
… the two companies didn’t plan for governance and resources to properly follow up on the generated ideas. The key resources were
owned by another function that was not involved in the process and had no incentives to
lend the resources.
What is your biggest asset? Airlines: fleet of airplanes Energy: oil fields and wind farms Banking: capital Technology: data
But if you want disruptive innovation, your biggest (and only) asset are people.
Too much focus on the Triple Constraints of Project Management
#2
and not enough attention given to People and Trust.
from Zero to Product Design to MVP to One
Work as a Real Team
People & Skills
Methodology & Process
SaaS Execution Map
2 out of 3 Critical Success Factors
are about people
Not enough communication between people / departments / stakeholders.
#3
Collections An innovation CRM to improve communication in corporate innovation teams
Over-reliance on rigid Policies, Frameworks and Procedures
#4
over competent People and Teams.
Team
Plan
second-rate
first-rate
first-rate second-rate
?
?too rare
— Sun Tzu
Every war is won or lost before it even begins.
You know if a project will be a success or not
before it even begins, if you look at the people you assign to the team.
Over-reliance on managers and super-star employees
#5
over Teams and their members.
The outdated mental models of how companies treat
stakeholders.
#6
Employees. Contractors. Freelancers. Partners. Subsidiaries. Vendors. Suppliers.
Voice as a platform and/or interface
AR / VR
Industrial IOT
Artificial Intelligence
Self-driving anything
Chatbots
… …
New New Things
No, the main lessons corporations need to learn from succesful startups are not about casual dress, flexible hours and stock options.
It’s about trust. For disruptive innovation to happen, you need trust.
www.thinslices.com/SaaS-Execution-Map