innovating from within - dumonde ventures 091114
TRANSCRIPT
Kris J. Lichter (MBA ‘97)Co-Founder & Principal,
DuMonde Ventures
Innovating From Within
What is Intrapreneurship?
Ideation
Collaboration
Advocacy
Execution
© 1997-2013 Intuit Inc.
What can intrapreneurship achieve?
New strategies, roadmaps, vision
New business lines, products, solutions
New markets
Competitive differentiators, competition killers
Novel partnerships (inside and out)
Steps out of an organizational dead-end
And of course…new opportunities for the intrapreneur
Can it make a difference?
•Shrinking market share•Stagnant products•Tens of thousands of jobs lost
•Dominant market share ($102B)•Leading edge products, services•420,000 employees worldwide
2013
1990
© IBM Corporation
Doesn’t Intrapreneurship = Entrepreneurship?
Similar – vision, conviction, willingness to work and to try many avenues to achieve, etc.
Different in two significant ways: Dependencies Nuance
Do your homework. Understand your world, and who/what matters to achieve the success you seek
Don’t over-accommodate
© Virgin Galactic
© Apple Inc.
Why wouldn’t every organization foster intrapreneurship?
Control, process
Hierarchy
Financial pressure
Cultural momentum
Talent
Do you have the skills?
Ideation – it’s a volume playBe relentless in your ideation and
the testing of the status quo
Creativity and vision help, but they aren’t the most critical prerequisites – instead, be open-minded and perceptive
Ideas should be founded on a real potential outcome
Single-step fixes are seldom enough – it’s the completed jigsaw puzzle that changes the world
Share seeds of insights, ideas and experiences – no hoarding allowed!
Images – Copyright The Biography Channel
Friends…you gotta have ‘em
It’s not enough to understand the finer points of your organization
Cultivate an ecosystem of the like-minded, the willing, the fearless and those with complimentary skillsets, experience and access
Help, mentor, inspire (and always keep learning)
Be a resource for change
The art of collaboration
..
..leads to tremendous
things
Go tell it on the mountain….
…just have your chorus ready to chant behind you!
Execution – the bottom lineAbove all, do what you say you’ll do – outstanding
execution is bottom-line credibility
Never stop talking, thinking and considering, but always make real progress
Asking for help is a sign of strength, not weakness
Once you’ve ‘crossed the finish line’, keep running
Give credit to everyone else and mean it
Intrapreneurs create environments that help them execute, over and over again
The intrapreneur way
Ideation
Collaboration
Advocacy
Execution
