turning large corporate containerships into nimble startup speedboats by janet bumpas, program...
TRANSCRIPT
Container Ships
&Speedboats
Janet Bumpas
Executives
Innovators
InternalEcosystem
Executives
Innovators
Innovators
Your first idea is not always a
good idea
23% of startupsthat fail, fail due to
wrong team
CB Insights: The Top 20 Reasons Startups Fail
So what makes a
good team?
If you can’t feed a team with two
pizza’s, it’s too large.Jeff Bezos
CEO and Founder Amazon
Two Pizza Team?
Skillset ToolsetMindset
HustlerHacker Hipster
Ownership(80%)
Never Give Up(20%)
Misfits
InternalEcosystem
Executives
Innovators
Executives:Set Vision &
Create Environment
1. Strategic Alignment
2. Portfolio Management
Horizon 1
Horizon 2
Horizon 3
Time
Mature Business
0-12 monthsGenerates
today’s cash flow
Emerging Business36-72 Months
Options on future high growth businesses
Rapidly Growing or Adjacent
Market Business12-36 Months
Today’s revenue growth and
tomorrow’s cash flow
H1 H2 H3
Google 70% 20% 10%
Lean Enterprise: How High Performance Organizations Innovate at Scale Lean. O'Reilly. Dec 4, 2014. Jez Humble, Joanne Molesky, and Barry O’Reilly
Intuit 60% 30% 10%
Executives:Set Vision &
Create Environment
Safe Sandbox
AlignmentProtection
Investing time, money, and
resources before having results
https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
How long does it take corporate
ventures, on average, to become
profitable?
https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
How many had a positive cash flow in
the first two years?
https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
Innovation Accounting
InternalEcosystem
Executives
Innovators
Speedboat Container Ship
Our first five ideas failed. No bonus for you this year!
Speedboat Container Ship
We made it up Denied.
Can we have some money? What’s your ROI?
Speedboat Container Ship
Totally brand new product! Does that fit our brand guidelines?
Innovators Container Ships
This new product is going to be huge!
That’s not in my three year plan. Sorry
Speedboat Container Ship
I just made up an unbranded fake door experiment
Oh, no, no.Those are not approved.
Speedboat Container Ships
We’ve talked with lots of customers and….
Who gave you permission to talk to them?
Innovation Culture
Can I have a picture from a Philips masterclass?
Your first idea is not always a
good idea
Thank You