Entrepreneurship within a company! State of the Art!

Contents Introduction Anatomy Making it work! State of the Art!

Introduction

Anatomy

Making it work!

State of the Art!

Entrepreneurship Creating Business Value: Convergence of passion, pride and results with chaos, change and uncertainty to inspire and create the wealth of future generations!

Creating Business Value:

Convergence of passion, pride and results with chaos, change and uncertainty to inspire and create the wealth of future generations!

Entrepreneurship within a company Corporate Venturing Starting a business within a business! Intrepreneuring Innovation in current business to create substantial growth opportunities! Organizational Transformation Innovation, a new arrangement or combination of resources and results in the creation of sustainable economic value Industry Rule Breaking! Disruptive Innovation to change the rules of the game! Intrapreneurship : Creating Sustainable Business Value through Internalization of Entrepreneurship!

Corporate Venturing

Starting a business within a business!

Intrepreneuring

Innovation in current business to create substantial growth opportunities!

Organizational Transformation

Innovation, a new arrangement or combination of resources and results in the creation of sustainable economic value

Industry Rule Breaking!

Disruptive Innovation to change the rules of the game!

Why Intrapreneurship? “ Self – renewal” – key to organizational longevity “ Culture of Frustration” – enabler of innovation? “ Disruptive Environment” – state of the market! “ Value maximization” – need of the hour! Controlled Innovation – A Mantra for Corporate Success!

“ Self – renewal” – key to organizational longevity

“ Culture of Frustration” – enabler of innovation?

“ Disruptive Environment” – state of the market!

“ Value maximization” – need of the hour!

Anatomy Closer look!

Typical Anatomy of Intrapreneurship Structure Strategy Style Shared Values Systems Staff Skills Compliance to corporate business value Maximization of stakeholder value Executive Sponsor Functional Experts Strategic Business Leadership Dedicated/ Shared resource pool Entrepreneurial Strategic Business Management Techno-commercial Intergroup Coordination Shared Infrastructure Dedicated/Shared Labs, Resources Cross-functional Academies Part of std service portfolio Alignment with functional groups Driven by approved business plan with key corporate governance Value Maximization Disruptive Innovation Sustainability Engineering Simple Structure – Functional, SBU, LoB CoE Model Transformational Taskforces

Compliance to corporate business value

Maximization of stakeholder value

Executive Sponsor

Functional Experts

Strategic Business Leadership

Dedicated/ Shared resource pool

Entrepreneurial

Strategic Business Management

Techno-commercial

Intergroup Coordination

Shared Infrastructure

Dedicated/Shared Labs, Resources

Cross-functional Academies

Part of std service portfolio

Alignment with functional groups

Driven by approved business plan with key corporate governance

Value Maximization

Disruptive Innovation

Sustainability Engineering

Simple Structure – Functional, SBU, LoB

CoE Model

Transformational Taskforces

How Innovation Actually Happens? Inspiration Goals Plan Fooling Around Doing Plans Mistakes Failure Goals Some Other Action Plan Action Goals Inspiration Inspiration Success

Making it work! Seriously!

Staircase! Creating a Need of Understanding Market Research, Analyst Interactions, Conferences, Customer Expos! Creating a culture of innovation Idea Fest, Idea Labs, Innovation Champions, IP culture Fostering Entrepreneurial Talent Continuous Learning Opportunities – Academies of Service / Product Excellence Breaking Rules Syndrome with Role Models in action Forced Innovation Exercises Customer Partnership

Creating a Need of Understanding

Market Research, Analyst Interactions, Conferences, Customer Expos!

Creating a culture of innovation

Idea Fest, Idea Labs, Innovation Champions, IP culture

Fostering Entrepreneurial Talent

Continuous Learning Opportunities – Academies of Service / Product Excellence

Breaking Rules Syndrome with Role Models in action

Forced Innovation Exercises

Customer Partnership

Method to the madness! Idea Conversations w/ sponsors Gather team Apply to Bank/ Corp Pre-Incubator Incubator Get preliminary sponsors Conversations w/ customers, co-opetition License & Bank/Corp loan/ budget Steering Committee BUSINESS PLAN Gifts of Services To worthy initiatives Intraprise team Mentoring other teams v Service Customers = Money & Feedback

State of the Art! In real terms

What’s happening? Every industry has an innovation lab in one form or the other! Business plan, performance goal, equity driven Special Interest Groups – cross industry, intra industry : learning and adoption initiatives Industry – Academia relationship : Joint projects, EDP workshops, Incubator Services… Mergers & Acquisitions of Niche players Transformation Initiatives with SMART goals

Every industry has an innovation lab in one form or the other!

Business plan, performance goal, equity driven

Special Interest Groups – cross industry, intra industry : learning and adoption initiatives

Industry – Academia relationship : Joint projects, EDP workshops, Incubator Services…

Mergers & Acquisitions of Niche players

Transformation Initiatives with SMART goals

What’s in it for me? Freedom Recognition Satisfaction

Freedom

Recognition

Satisfaction

How to be an Intrapreneur?

Characteristics Driven by vision Moderate risk takers Persistent Intuitive and analytic Honest rule breakers Face reality Use feedback Entrepreneurs are : Driven by greed High risk takers Intuitive thinkers Dishonest

Driven by vision

Moderate risk takers

Persistent

Intuitive and analytic

Honest rule breakers

Face reality

Use feedback

Entrepreneurs are :

Driven by greed

High risk takers

Intuitive thinkers

Dishonest

Focus on - Only Do’s! Build personal entrepreneurial tool kit – continuously! Learn on and off the job Take multiple, multi-functional, challenging jobs in the company Learn the art of taking calculated risks - frequently Be passionate and proud about whatever you do and reinforce them with sustainable results for the organization! Build and be part of a tribe within your company that believes in creating sustainable value out of every opportunity at sight!

Build personal entrepreneurial tool kit – continuously!

Learn on and off the job

Take multiple, multi-functional, challenging jobs in the company

Learn the art of taking calculated risks - frequently

Be passionate and proud about whatever you do and reinforce them with sustainable results for the organization!

Build and be part of a tribe within your company that believes in creating sustainable value out of every opportunity at sight!

Be a Dreamer Doer – in the CROWD!

Thank You! ~ mhebbar