Jan Kennedy CEO - Academy for Corporate Entrepreneurship What is Silicon Valley? ... $25 Billion...

Copyright 2016 © Academy for Corporate Entrepreneurship

Jan Kennedy CEO - 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?


SPEED OF INNOVATION


176 UNICORNS IN THE CLUB

6years

Source: CB Insights


75% of current S&P will be gone by 2027


DEATH BY A THOUSAND CUTS



What is Silicon Valley?


What is Silicon Valley?

The entrepreneurial mind-set & skills – which can be adopted anywhere!


To survive, we must adopt the entrepreneurial mind-set & skills


THE INTRAPRENEUR’S DILEMMA

Execute vs. Explore


YOUR MARKET WILL CHANGE


INNOVATE OR DIE


$25 Billion from developing start-up ideas

8years

AdeoRessi,FounderIns3tute


STEP 1

Epiphany Moment

- or ‘Ach du scheisse moment’


EPIPHANY

90% of new innovation projects were failing!•  Create new revenue streams•  Create new jobs

80%survive

90%die


2010+1980s 1990s 2000s

Intuitshareprice

Innovation in the DNA

“We’ve lost our Innovation Mojo”


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.”


STEP 2

Epiphany MomentPeople + Ideas


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


FRUSTRATED PEOPLE LEAVE…

„The average entrepreneur has 14 years of work experience“


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


70% of millennials at regular jobs would prefer to quit and work for themselves – ENTREPRENEUR


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


STEP 3

Epithany MomentPeople + Ideas

World class structured curriculum + mentors


WHAT INTRAPRENEURS NEED TO KNOW

Part-Time Full-Time

12X10hrs/wk


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


CURRICULUM + MENTORING

1.   LearntheTheory2.   Applythetheory 3.   TestonCustomers

80%survive

45%funded


STEP 4

Epiphany MomentPeople + Ideas

World class structured curriculum + mentorsScalable approach


TRAIN THE TRAINER120loca3on

•  Start small, adapt your approach as you go•  What if 15% of staff contributed to innovation?


ENGAGE ACCELERATE

CULTURE OF INNOVATION


WHAT HAVE YOU DONE IN 8 YEARS?

Execute vs. Explore

35,000people

80%survive

45%funded

$25Blnvalue

15,000ideas

2,500launched

8years120

loca3on


“Healthy growth requires a smattering of Intrapreneurs who drive new projects and explore new and unexpected directions for business development.”

- Sir Richard Branson


www.afce.co

THANK YOU

[email protected] @innovationmojo

Jan Kennedy CEO - Academy for Corporate Entrepreneurship What is Silicon Valley? ... $25 Billion...

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