innovating from within - dumonde ventures 091114

Kris J. Lichter (MBA ‘97)Co-Founder & Principal,

DuMonde Ventures

Innovating From Within

What is Intrapreneurship?

Ideation

Collaboration

Advocacy

Execution

© 1997-2013 Intuit Inc.

What can intrapreneurship achieve?

New strategies, roadmaps, vision

New business lines, products, solutions

New markets

Competitive differentiators, competition killers

Novel partnerships (inside and out)

Steps out of an organizational dead-end

And of course…new opportunities for the intrapreneur

Can it make a difference?

•Shrinking market share•Stagnant products•Tens of thousands of jobs lost

•Dominant market share ($102B)•Leading edge products, services•420,000 employees worldwide

2013

1990

© IBM Corporation

Doesn’t Intrapreneurship = Entrepreneurship?

Similar – vision, conviction, willingness to work and to try many avenues to achieve, etc.

Different in two significant ways: Dependencies Nuance

Do your homework. Understand your world, and who/what matters to achieve the success you seek

Don’t over-accommodate

© Virgin Galactic

© Apple Inc.

Why wouldn’t every organization foster intrapreneurship?

Control, process

Hierarchy

Financial pressure

Cultural momentum

Talent

Do you have the skills?

Ideation – it’s a volume playBe relentless in your ideation and

the testing of the status quo

Creativity and vision help, but they aren’t the most critical prerequisites – instead, be open-minded and perceptive

Ideas should be founded on a real potential outcome

Single-step fixes are seldom enough – it’s the completed jigsaw puzzle that changes the world

Share seeds of insights, ideas and experiences – no hoarding allowed!

Images – Copyright The Biography Channel

Friends…you gotta have ‘em

It’s not enough to understand the finer points of your organization

Cultivate an ecosystem of the like-minded, the willing, the fearless and those with complimentary skillsets, experience and access

Help, mentor, inspire (and always keep learning)

Be a resource for change

The art of collaboration

..

..leads to tremendous

things

Go tell it on the mountain….

…just have your chorus ready to chant behind you!

Execution – the bottom lineAbove all, do what you say you’ll do – outstanding

execution is bottom-line credibility

Never stop talking, thinking and considering, but always make real progress

Asking for help is a sign of strength, not weakness

Once you’ve ‘crossed the finish line’, keep running

Give credit to everyone else and mean it

Intrapreneurs create environments that help them execute, over and over again

The intrapreneur way

Ideation

Collaboration

Advocacy

Execution

Thanks for listening!Kris@dumondeventures.com

Copyright Intrapreneurshipconference 2013