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Slideshow about Innovation in big, ugly MNCs by Eric Tachibana
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5 SIGNS THAT THESE ARE THE INTRAPRENEURS YOU’RE LOOKING FOR! Eric Tachibana @ Asian Financial Services Congress
How can a leader create a big machine that affords opportunity?
1 Clarify YOUR SCALE INCREMENTAL = DISRUPTIVE /
1 Clarify YOUR SCALE Most firms treat incremental & disruptive innovation the same
1 Clarify YOUR SCALE When in fact, they’re totally different
Who you hire What you pay How you structure the org How you measure your risk appetite Your processes Your policies Your time frame Your culture Your location strategy 1 Clarify YOUR SCALE
1 Clarify YOUR SCALE If you manage incrementally in a disruptive moment, you’re doomed
1 Clarify YOUR SCALE Step one: clarify what you are really after so that you manage against the right reality
2 Widen YOUR SCOPE PRODUCT INNOVATION IS NOT THE ONLY CHOICE
2 Widen YOUR SCOPE In the real world, product innovation represents the minority
2 Widen YOUR SCOPE Yet because it is seen as sexy, it is what 99% of us fixate on
2 Widen YOUR SCOPE When there are soooooo many better, blue-ocean, profitability-impacting innovation opportunities
Process Brand Supply chain Manufacturing Legal Financial Human resource Policy Culture Structuring Acquisitive Packaging 2 Widen YOUR SCOPE
2 Widen your scope If all you see is product, you’re probably missing the big picture
2 Widen your scope Step two: put everything in play
3 Use all YOUR TOOLS R&D LABS ARE SOOOO LAST CENTURY
3 Use all your tools Corporate r&d labs are good, but definitely not the end all
3 Use all your tools consider diversifying your budget to develop other ways to source and develop ideas
Mistakes Unexpected cross-team synergy Acquisitions External engagement Internal accelerators Spin-outs Internal Crowdsourcing Internal crowdfunding Enterprise social network Book club 3 Use all your tools
3 Use all your tools STEP THREE: use everything, everyone, everywhere
4 Get dirty
4 Get dirty Innovation happens in the way we do the little things day to day, not in the big programs
4 Get dirty Strategy and vision are critical
4 Get dirty But success lies in day-to-day culture and values
4 Get dirty STEP FOUR: setting direction is fine, But it’s more important to get dirty
5 Be Integrated, holistic & iterative
5 Be Integrated, holistic & iterative Speaking of getting dirty, lean works as well for big firms as it does for start-ups
5 Be Integrated, holistic & iterative Just….be lean already
5 Be Integrated, holistic & iterative And stop with the big ideation programs that lead nowhere other than disillusionment
5 Be Integrated, holistic & iterative Be holistic
5 Be Integrated, holistic & iterative Make sure you cover your landscape & life-cycle
5 Be Integrated, holistic & iterative Have a plan for each quadrant
APAC Innovation Program Strategic Intent (2018) Leverage both incremental and disruptive innovation to drive client delight, excite our brand, develop new revenue streams, slash the cost base, and inspire and engage employees WHERE WE WANT TO GO VISION Be recognized by clients & staff as a innovation leader in our market space • KEY OBJECTIVES • Reboot operating model to facilitate & govern process • Make a real, visible commitment – marketing messages & budget / resource allocation • Develop and launch controlled Ideation program • Back 3-5 internal ventures • Develop open innovation program, focusing on FinTech start-ups HOW WE GET THERE VALUES Engagement, Commercial, Disciplined OUR COMPASS We define Innovation as the commercialization of ideas. Our Innovation may be small and incremental or large and game changing. Innovation is often unsuccessful, and failure must be encouraged too. While it may be shepherded by a small group of designated evangelists, innovation must be owned by everyone at all levels or it will not become part of the firm’s DNA. 37
Clarify your scale Widen your scope Use all your tools Get dirty Be integrative, holistic, iterative
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Images lifted from JD Hancock DESIGN Concept lifted from Eugene cheng