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

1. 4
Problems
With
Big Big Com
Company
Innovation
Chris Curran
PwC
Image shared by plastAnka

2. 1. Unclear Focus & Roles

3. Your Primary Innovation Mission?
• Create new products and services
• Create/extend customer engagement
• Improve business processes
• Improve the IT function

4. 75% Internally Focused
Source: PwC Digital IQ Survey, 2012

5. 2. It’s Managed

6. Everything is not ROI!
Experiment
Investment
ROI
Type
Stay in
Established
Business
Emerging
Behind On Par Ahead
Market Position Achieved

7. Innovation Measurement
42%
35%
25%
14% 14%
10%
Explicit # Ideas Not # Ideas Budget #
Business To Measured Patents
Value Market
Source: PwC Digital IQ Survey, 2012; Top Quartile Performers Only

8. 3. It’s Not Managed

11. Image Shared
by katiekills

12. 4. It’s Disconnected

13. Image shared by howzie

14. 4 Things to Remember
1. Agree on explicit expectations
2. Manage it, but differently
3. Ringfence
4. Connect it to the rest of the business

15. 5 Innovation Operating Models
1. IntegratedProduct/Service Design
2. Function-specific Team(s)
3. Innovation Network
4. Innovation Workshops
5. Innovation Overlay

16. CIO Dashboard Blog
www.ciodashboard.com
Digital IQ Study
http://www.pwc.com/us/DigitalIQ
cbcurran
chris.curran@us.pwc.com