Innovation in Large Companies

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Presentation by Chris Curran, Principal with PricewaterhouseCoopers about innovation in large companies.

Published in: Business, Technology
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Innovation in Large Companies

  1. 1. 4ProblemsWithBig Big ComCompanyInnovationChris CurranPwC Image shared by plastAnka
  2. 2. 1. Unclear Focus & Roles
  3. 3. Your Primary Innovation Mission? • Create new products and services • Create/extend customer engagement • Improve business processes • Improve the IT function
  4. 4. 75% Internally FocusedSource: PwC Digital IQ Survey, 2012
  5. 5. 2. It’s Managed
  6. 6. Everything is not ROI! ExperimentInvestment ROI Type Stay in Established Business Emerging Behind On Par Ahead Market Position Achieved
  7. 7. Innovation Measurement 42% 35% 25% 14% 14% 10% Explicit # Ideas Not # Ideas Budget # Business To Measured Patents Value MarketSource: PwC Digital IQ Survey, 2012; Top Quartile Performers Only
  8. 8. 3. It’s Not Managed
  9. 9. Image Shared by katiekills
  10. 10. 4. It’s Disconnected
  11. 11. Image shared by howzie
  12. 12. 4 Things to Remember1. Agree on explicit expectations2. Manage it, but differently3. Ringfence4. Connect it to the rest of the business
  13. 13. 5 Innovation Operating Models 1. IntegratedProduct/Service Design 2. Function-specific Team(s) 3. Innovation Network 4. Innovation Workshops 5. Innovation Overlay
  14. 14. CIO Dashboard Blogwww.ciodashboard.comDigital IQ Studyhttp://www.pwc.com/us/DigitalIQcbcurranchris.curran@us.pwc.com

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