Post on 09-Apr-2018
Copyright 2016 © Academy for Corporate Entrepreneurship
Jan Kennedy CEO - Academy for Corporate Entrepreneurship
Copyright 2016 © Academy for Corporate Entrepreneurship
Copyright 2016 © Academy for Corporate Entrepreneurship
“Intrapreneurship is the act of behaving like an entrepreneur within a
large organisation.”
Adam Smith in the 1700s spoke about needing entrepreneurial employees to gain competitive advantage
WHAT IS INTRAPRENEURSHIP?
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SPEED OF INNOVATION
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176 UNICORNS IN THE CLUB
6years
Source: CB Insights
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75% of current S&P will be gone by 2027
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Copyright 2016 © Academy for Corporate Entrepreneurship
Copyright 2016 © Academy for Corporate Entrepreneurship
DEATH BY A THOUSAND CUTS
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Copyright 2016 © Academy for Corporate Entrepreneurship
Copyright 2016 © Academy for Corporate Entrepreneurship
What is Silicon Valley?
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Copyright 2016 © Academy for Corporate Entrepreneurship
Copyright 2016 © Academy for Corporate Entrepreneurship
What is Silicon Valley?
The entrepreneurial mind-set & skills – which can be adopted anywhere!
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To survive, we must adopt the entrepreneurial mind-set & skills
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THE INTRAPRENEUR’S DILEMMA
Execute vs. Explore
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YOUR MARKET WILL CHANGE
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INNOVATE OR DIE
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$25 Billion from developing start-up ideas
8years
AdeoRessi,FounderIns3tute
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STEP 1
Epiphany Moment
- or ‘Ach du scheisse moment’
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EPIPHANY
90% of new innovation projects were failing!• Create new revenue streams• Create new jobs
80%survive
90%die
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Copyright 2016 © Academy for Corporate Entrepreneurship
Copyright 2016 © Academy for Corporate Entrepreneurship
Copyright 2016 © Academy for Corporate Entrepreneurship
2010+1980s 1990s 2000s
Intuitshareprice
Innovation in the DNA
“We’ve lost our Innovation Mojo”
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It takes a special kind of person to stand up and say “what got us here is not what will get us to where we need to go.”
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STEP 2
Epiphany MomentPeople + Ideas
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Up to 15% of your staff could be Intrapreneurs
• Common Traits: 85% accurate predictions• Problem solvers• Curious• Social Intelligence• Mannerliness• Self-regard• Adaptive
• Self-Organised & Cross-Functional Teams• Passion
PEOPLE35,000people
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FRUSTRATED PEOPLE LEAVE…
„The average entrepreneur has 14 years of work experience“
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PEOPLE TO CREATE VALUE
“I came to see, in my time at IBM, that culture isn’t just one aspect of the game—it is the game. In the end, an organization is nothing more than the collective capacity of its people to create value.” - Lou Gerstner, about his tenure as CEO for IBM
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70% of millennials at regular jobs would prefer to quit and work for themselves – ENTREPRENEUR
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IDEAS
Are you solving a real problem for a real customer in a feasible way?
• Tech & Scalable• Align with a sponsor• Stage Gating
• Software / Challenges / Hackathons / Start-up Weekends
15,000ideas
2,500launched
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STEP 3
Epithany MomentPeople + Ideas
World class structured curriculum + mentors
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WHAT INTRAPRENEURS NEED TO KNOW
Part-Time Full-Time
12X10hrs/wk
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VC’s SEEK EARLY EVIDENCEWhat questions can
entrepreneurs and product managers ask to counter the sometimes wishful thinking and faulty assumption behind the belief that ‘if we build it, they will come’? – Marc Andreesen
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CURRICULUM + MENTORING
1. LearntheTheory2. Applythetheory 3. TestonCustomers
80%survive
45%funded
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STEP 4
Epiphany MomentPeople + Ideas
World class structured curriculum + mentorsScalable approach
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TRAIN THE TRAINER120loca3on
• Start small, adapt your approach as you go• What if 15% of staff contributed to innovation?
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ENGAGE ACCELERATE
CULTURE OF INNOVATION
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WHAT HAVE YOU DONE IN 8 YEARS?
Execute vs. Explore
35,000people
80%survive
45%funded
$25Blnvalue
15,000ideas
2,500launched
8years120
loca3on
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“Healthy growth requires a smattering of Intrapreneurs who drive new projects and explore new and unexpected directions for business development.”
- Sir Richard Branson
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Copyright 2016 © Academy for Corporate Entrepreneurship
www.afce.co
THANK YOU
jan@afce.co @innovationmojo