24idea – start up model in big organization … · business segments 32% of group net sales...

24Idea –start up model in big organization

Mateja Panjan, Front End Leader, Future of Work researcher and developerTomaž Rakar, Agile Transformational Leader

London, October 18th 2018

2 | Danfoss Digital Transformation

26,645Employees

WORLDWIDE SALESin more than 100 countries

72 FACTORIESin more than 20 countries

Key facts

USA, CHINAAND GERMANYTop three markets

PRIVATELY HELDOwnership

NORDBORG,DENMARKHeadquarters

3 | Danfoss Digital Transformation

#2 Market position

Business segments

32%of Group net sales

• 6,815 employees• 22 factories in 11 countries• 13.9bn DKK sales / 1.9bn EUR

#1 Market position

• 6,396 employees• 13 factories in 10 countries• 11.9bn DKK sales / 1.6bn EUR

#2 Market position

24%of Group net sales

• 4,652 employees• 11 factories in 7 countries• 10.3bn DKK sales / 1.4bn EUR

#1 Market position

• 5,339 employees• 26 factories in 12 countries• 7.3bn DKK sales / 1.0bn EUR

27%of Group net sales

17%of Group net sales

DANFOSS POWER SOLUTIONS

DANFOSS COOLING

DANFOSS DRIVES

DANFOSS HEATING

4 | Danfoss Digital Transformation

Core & Clear strategy journeyStrongly positioned to take advantage of the growth potential held by a digital future

• Invest in core business areas and divest non-core activities

• Optimize business and reduce complexity

• Increase customer value throughbest-in-class quality, reliability and innovation

• Improve and fine-tune processes everywhere in the organization

• Accelerate profitable growth by taking market share

• Further strengthening of leading positions

• Strong innovation pipeline with growth impact

• Invest in the best growth opportunities

• Best-in-industry digital customer experience

• Take the lead on connected products and services

• Take advantage of new digital technologies to speed up innovation

• One common IT architecture

5 | GMM 2018 / Lago Maggiore

GLOBAL MEGA-TRENDS

transforming our world

URBANIZATION CLIMATE CHANGE

DIGITALIZATION ELECTRIFICATION

FOOD SUPPLY

6 | Danfoss Digital Transformation

And also the World of Work is changing

• Longer working lives

• Diverse workforce

• Changing jobs

• Networks

Inspired by Gratton, Lynda, Scott, Andrew (2016): The 100-Year Life, and Gratton, Lynda (2011): The Shift.

AUTONOMY

MASTERY

PURPOSE

GIVE

EMPLOYEES MORE OF A

VOICE

MENTORS

SUPPORTING TEAMS

SPONSORS SUPPORTING

TEAMSin

100 daysafter 24Idea

BUILDING ENTREPRENURIAL

SPIRIT

15+ eventsSlovenia, China, Denmark, Russia

40+

approved ideasout of 120 proposed

15+

Ideas currentlyrunning

2 patents

4 NPD‘s

Danfoss Digital Transformation15 |

Danfoss Digital Transformation16 |

Open Co-creation

with partners

and customers

Man on the Moon

Global innovation

program

24Idea Events

Digital Incubation Hubs 2017

Danfoss Digital Transformation17 |

Danfoss Digital Transformation18 |

The 4 cornerstones ofAgile Development

@Danfoss

Danfoss Digital Transformation19 |

Benefits from Agile Development

• Clear improvements of time-to-market – up to 50% faster

• Highly motivated teams, focused on business and speed

• Higher level of management satisfaction with project performance

Danfoss Digital Transformation20 |

Key levers to help meet our targets

SPEED LEVERS

• Risk focus

• Early supplier involvement

• Accelerators (e.g. simulation tools, 3D print)

• T-shaped people behavior

• Just-do-it attitude

• Run the business like your own

GROWTH LEVERS

• Focus on validating keyassumptions

• Customer involvement

• Sprint demos

• Readiness to change

• Go/No-go decisions

INVEST IN ORGANIZATIONALCULTURE

EXPERIMENT

COLLABORATE

FOCUS ON CUSTOMERS

BE ENTREPRENUR AND SHAPE THE WORLD AROUND YOU

26 | CORE & CLEAR / GOING GREAT