How big companies can learn from Silicon Valley - Philipp Herrmann
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Learnings from Silicon Valley Philipp Herrmann etventure.com
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Innovation is at the heart of each company‘s success and its execution a continuous challenge. This presentation takes a look at key principles and success factors that drive innovation in Silicon Valley, exemplified by some concrete cases from big corporations as well as emerging startups. This speech will offer both inspiration and concrete guidelines on how to execute innovation strategies more effectively.
Transcript of How big companies can learn from Silicon Valley - Philipp Herrmann
Learnings from Silicon Valley
Philipp Herrmannetventure.com
YES!
YES!
Oh, shit!
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Think Radical
Solution Mindset = incremental
Solution Mindset = incremental
Pain Point Mindset = fundamental
Solution Mindset = incremental
Pain Point Mindset = fundamental
Go for 10x, not 10%
KIRCHE
Not 10%, but 10X
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1. Think Radical - not 10%, but 10x
Focus
Typical Product Concept
Typical successful product
Typical successful product
Avoid „Featuritis“
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1. Think Radical - not 10%, but 10x
2. Focus - avoid „featuritis“
Speed
Speed is more important than control
20:80 > 80:20
Speed is more important than control
4x 20:80 > 1x 80:20
Speed is more important than control
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1. Think Radical - not 10%, but 10x
2. Focus - avoid „featuritis“
3. Speed - 4x 20:80 > 1x 80:20
Action
Prototype from day 1
Prototype from day 1
Test from day 1
Prototype from day 1
Test from day 1
Fake it before you make it
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1. Think Radical - not 10%, but 10x
2. Focus - avoid „featuritis“
3. Speed - 4x 20:80 > 1x 80:20
4. Action – fake it before you make it
Failure
Lean Startup?
Lean Startup!
Lean Startup = Fail Fast, Fail Cheap
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1. Think Radical - not 10%, but 10x
2. Focus - avoid „featuritis“
3. Speed - 4x 20:80 > 1x 80:20
4. Action - fake it before you make it
5. Failure - fail fast, fast cheap
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