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Innovating From Within
Kris J. Lichter (MBA ‘97)
Co-Founder & Principal,
DuMonde Ventures
What is Intrapreneurship?

Ideation

Advocacy

© 1997-2013 Intuit Inc.

Collaboration

Execution
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?
1990
•Shrinking market share
•Stagnant products
•Tens of thousands of jobs lost

2013
•Dominant market share ($102B)
•Leading edge products, services
•420,000 employees worldwide
© 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 play
 Be 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
Images – Copyright The Biography Channel

experiences – no hoarding allowed!
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 line
 Above 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
Copyright Intrapreneurshipconference 2013

Thanks for listening!
Kris@dumondeventures.com

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Innovating from Within - DuMonde Ventures 091114

  • 1. Innovating From Within Kris J. Lichter (MBA ‘97) Co-Founder & Principal, DuMonde Ventures
  • 2. What is Intrapreneurship? Ideation Advocacy © 1997-2013 Intuit Inc. Collaboration Execution
  • 3. 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
  • 4. Can it make a difference? 1990 •Shrinking market share •Stagnant products •Tens of thousands of jobs lost 2013 •Dominant market share ($102B) •Leading edge products, services •420,000 employees worldwide © IBM Corporation
  • 5. 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
  • 7. Why wouldn’t every organization foster intrapreneurship? Control, process Hierarchy Financial pressure Cultural momentum Talent
  • 8. Do you have the skills?
  • 9. Ideation – it’s a volume play  Be 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 Images – Copyright The Biography Channel experiences – no hoarding allowed!
  • 10. 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
  • 11. The art of collaboration.. ..leads to tremendous things
  • 12. Go tell it on the mountain…. …just have your chorus ready to chant behind you!
  • 13. Execution – the bottom line  Above 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
  • 15. Copyright Intrapreneurshipconference 2013 Thanks for listening! Kris@dumondeventures.com

Editor's Notes

  1. And a word on managers.
  2. The Wind and Rain Bridge on the Linxi River of Sanjiang County is gorgeous. Built in 1916 to resemble a rainbow, the builders used no nails or rivets but instead dovetailed thousands of pieces of wood.Curiosity gets delivered by the Skycrane, an incredibly innovative, yet highly complex machine that had to operate flawlessly and autonomously millions of miles from Earth and the NASA team that designed it.