enterprise entrepreneurship series atlanta - march 2 presentations
TRANSCRIPT
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Philosophies enterprise organizations should adopt when transforming both their internal and external innovation practices.
When external technology starts coming in
Innovation Filtering
Unsolicited opportunities can’t easily be connected to business
low chance of success
Technical targetsfilter by sharing a need first
higher chance of success
Anonymous: A world leader in information technology…
Need: …seeking experts, startups, and solutions in the space of vehicle security…
Target: …of particular interest are in-vehicle sensor technologies and approaches for autonomous vehicle applications…
Response: non-confidential description of proposed technology and list of any published patent applications or issued patents.
Portfolio management filters targeted opportunities for fit, risk, & readiness best chance of success
Unsolicited opportunities can’t easily be connected to business
low chance of success
Technical targetsfilter by sharing a need first
higher chance of success
Internally thinking and acting entrepreneurially
Startup Partnering
Simplify expectations – explore, pilot, commercialize
Flexible agreements – pay at start of work phase – take right to negotiate license– avoid M&A and commercial terms– milestones instead of deadlines
Internal
Mentors & partners – write & fund retired exec into SOW– understand scale early
Build Knowledge
Discover Startups+
Cha
lleng
e
+
LEARN
Decide Partner vs. Build
Assess Opportunities ++
EXPLORE
Pilot & Accelerate
@BUILD
PARTNER
On Campus
Work With Startups
Work Like Startups
Laun
ch
@
BUILD
Our method is to connect the services we offer to ‘Build Something From Nothing’ with you
Learn + Explore + Build = MVP
Innovation with external teams.
It took a year and a half to get to market.
User feedback came too late and we had no time or budget left to iterate.
Less than two years after launch, we shut down.
Fast forward to 2011.
New plan:
Build a Minimum Viable Product (MVP) Get it into user’s hands within 90 days
Let user feedback to dictate our roadmap Quickly iterate and get new versions to our users
Social News Desk
85% of all U.S. local TV newsrooms use SND.
What worked:
Build a Minimum Viable Product (MVP) Get it into user’s hands within 90 days
Let user feedback to dictate our roadmap Quickly iterate and get new versions to our users
Our corporate clients needed to do this too!
Innovation is 99% iteration.
Quality Assurance
Back-end Developer
Back-end Developer
Front-end Developer
Scrum Master
User Experience Designer
Quality Assurance
Back-end Developer
Back-end Developer
Front-end Developer
Scrum Master
User Experience Designer
Clients
Sprint 1
Sprint 2
Launch
Develop in Sprints, Launch Early & Often.
Sprint 1
Sprint 2
Launch
Innovate & Iterate Based on User Feedback.
Review User Feedback, Innovate
& Iterate
Empower the team and get the rest of the organization out of their way.
Digital innovation is an experiment.
StackfolioBringing commercial banks into the modern era.
www.Stackfolio.com