Download as PDF, PPTX
Uploaded byBundl
7 ways to future-proof your company
The document outlines seven strategies for future-proofing companies through corporate venturing and innovation. It emphasizes the importance of fostering intrapreneurship, creating dedicated teams for innovation, and incentivizing employees to drive new ideas. Additionally, it highlights the value of collaboration with startups and developing new ventures without the constraints of existing corporate structures.
More Related Content
Similar to 7 ways to future-proof your company
7 ways to future-proof your company
- 1. www.bundl.com 7 TIPS TOFUTURE- PROOF YOUR COMPANY
- 2. We live ina world of constant change and unlimited possibilities.
- 3. Technological growth is outpacingus… 1400 15001450 1600 1700 1800 1900 20001550 1650 1750 1850 1950 2050 Printing Press 1st Driverless Car First 3D Chip Microprocessor Wordprocessor MS-DOS Apple Macintosh Windows WWW Cell Phones Hybrid Cars Google Youtube iPad 3D Movies DVDs Telegraph Man on Moon Car Telephone Light BulbSteam EngineTelescope
- 4. And the newkids in town are more than just a hype. Age MarketCap 5025 $25B $50B $75B $100B $200B $300B $400B $500B 75 100 125
- 5. A targeted approach closerto customer needs A very low cost and few resources A small and agile structure to enter untouched markets Startups create a huge impact with: Corporate innovation initiatives fail due to: Lack of methodology Structures that force innovation to swing back and forth Projects that are too attached to corporate strings
- 6. So what’s thebest strategic response to the changing market?.
- 7. September, 2016 for $3.3Billion July,2016 for $1Billion February, 2017 for $1Billion The most common solution is do acquisitions:
- 8. But does innovationhave to be a + billion dollar game where you can only do acquisitions?
- 9. “If you haveone billion dollars, you can put it into the acquisition of one company, or you can put it into 10 different ones and start them yourself.” Thomas Van Halewyck, founding partner at Bundl
- 10. CORPORATE VENTURING - toolkit - •Corporate venture investing, once used by a handful of companies seeking financial returns—mainly used for investing—has evolved into a crucial tool for gaining access to innovation, discovering disruptive technology, and addressing new markets. • From investing in ventures, corporates now grow to collaboration models with startups and even develop tailor-made ventures from scratch. Corporate Venturing This is called
- 11. nicolas@bundl.com KICKSTART YOUR VENTURE Wantto team up and tackle new markets together? Reach out to Andreas and get our conversation started! www.bundl.com
- 12. SPEED NEW BUSINESS POTENTIAL WINDOW ON THEMARKET RISK RISK MITIGATION CULTURE Corporate Venturing Why?
- 13. Market access Funding Market knowledge Economiesof scale Workforce Facilities Corporates are in pole position to develop ventures:
- 14. We don’t have entrepreneursin our organisation One of our biggest competitors was built by a group of ex-employees “ “ But they don’t believe in their own people.
- 15. The answer isto nurture intrapreneurship.
- 16. Read more aboutCorporate Venturing on our Blog!
- 17. We believe thatthere are 7 fundamental differences between a “classic corporation” and a “future-proof corporation”.
- 18. Team members invarious departments 20% time Own headquarters No reward for extra effort Governance & research driven IP full ownership Main brand Disruption squad with entrepreneurs Full-time focus External location Equity success fee Autonomy & grow while doing Joint IP ownership New brands Classic Corporation Future-proof Corporation DYNAMICS RESOURCE ALLOCATION LOCATION REWARD PROCESS OWNERSHIP COMMUNICATION
- 19. Disruption squad with entrepreneurs Havea dedicated team (or several) that work towards innovation, instead of a few “innovation managers” scattered across several departments. Our approach: Each of our ventures is led by one of our entrepreneurs and a corporate intrapreneur, surrounded by an external development team, a customer board and an expert board that does fly-in sessions where needed. 1 DYNAMICS
- 20. 2 RESOURCE ALLOCATION Full-time focus Youare in this race with people who work day and night to bring a new startup to the market. Don’t expect that giving your employees 20% of their time to work on innovation will produce the same results. Let them give 100%, and you’ll see those projects outpace the competition.
- 21. External location 3 LOCATION Don’t underestimatethe power of location: it’s way more difficult to think outside the box when you’re in that same box. Get your team into an inspiring base of operations, where they can disconnect from your company’s mindset and truly achieve creative independence. Bonus tip: Place them together with other intra/entrepreneurs or startups for an extra boost of creativity!
- 22. This is perhapsour most important tip. Not only incentive your employees to share and develop new ideas, but also reward them properly. Otherwise, they might just take their ideas somewhere else. Don’t let your employees become your future competitor! Our approach: Think about sharing equity, success fees or other incentive models for your intrapreneurs. Learn more about our own Co-Entrepreneur Model here. 4 INCENTIVE Equity success fee
- 23. Bundl is aventure development studio teaming up with corporates to create new ventures from scratch and tackle new markets together. We had the pleasure to innovate together with companies such as Nike, Microsoft, BNP Fortis Paribas, KBC, Philips, Niko, Geberit. To provide real start-up fuel and to practice what we preach, we reserve 10% of our client portfolio for the very few high-potential startups out there. We’re not an agency. We’re not innovation consultants. We're entrepreneurs. KICKSTART YOUR VENTURE
- 24. Autonomy & grow whiledoing Give your team a budget and let them blow it at their own discretion. Don’t hold them back with endless corporate bureaucracy. Ideate, build a prototype, go to your customer, come back and iterate. Let them learn from their mistakes and grow stronger every time. 5 PROCESS
- 25. Joint IP ownership 6 OWNERSHIP Sharethe risk, share the success. Allow your people to put skin in the game and you’ll have your goals, motivations and mindset aligned. If you are working with external partners like ourselves, or acquire an existing startup, sharing the IP is the first step to nourishing a long-term relationship.
- 26. New brands 7 COMMUNICATION Corporate venturinggives you the advantage of starting something from scratch, no strings attached. This means that there’s a very small risk of damaging your existing brand’s image, you’ll have transparent and unbiased feedback from your customers and you’ll be able to give the consumer a fresh face and a very clear value proposition. Bonus tip: You can still spin-in the new venture into the current brand after the MVP phase.
- 27. Dare to disrupt fromthe inside out.
- 28. nicolas@bundl.com KICKSTART YOUR VENTURE Wantto team up and tackle new markets together? Reach out to Andreas and get our conversation started! www.bundl.com