Tuesday September 8, 2015
Harnessing the Power of Entrepreneurs to Open Innovation
Harnessing the Power of Entrepreneurs to Open Innovation
Markets are being disrupted by digital
The last decade saw start-ups and entrepreneurs disrupt traditional markets.
In the next ten years, large companies will use digital to disrupt markets themselves.
How important will collaborating with these stakeholders be in driving your innovation & growth in the next 3 years?
“82% of large companies say they can learn from entrepreneurs about how to become a digital business”
Source: Accenture Research
“How can I get others to help me do what I already want to do?”
From bilateral collaboration done on the terms of large companies, to more open ended collaboration with multiple parties
“There will be more than 100 new digital industry platforms from non-tech companies by 2016” (IDC)
“In 2013, 14 of the top 30 global brands by market capitalization were platform-oriented companies” (MIT)
Source: Accenture Research
Culture
TODAY: 9%
Spillover effects on economic growth
Entrepreneurs
Align to the market
Adapt culture
Time it well
Governments & policy makers
Develop co-financing models
Incent collaboration between large companies and startups
Create collaboration networks
Encourage a borderless physical world
Bridgemakers
Open up access to supply chains
Accelerate the network effect of role models and mentors
Bridge the cultural gap
Prototype, launch, and manage digital products, services and experiences
Future of the Industry
Build MVP(s)
Identify and implement new digital capabilities, embed as core in the organization
Your role in the future
Validation (Market, Technology, Organization, Partners)
Gap analysis – Technology, Organization, Operations
Kick-start Innovation Program – team, funding, mandate, exec sponsorship
Develop and execute transformation roadmap and operating model across culture, structure, process and technology
Define Innovation Strategy
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