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Intro
Innovation
Embrace risk?
Culture         INTRAPRENEURSHIP
The catch
                A CORSAIR’S PERSPECTIVE
                JADE / Romania / Merkapt
                Philippe MÉDA, July 2012
Intro
Innovation

                    Philippe MÉDA /
Embrace risk?
Culture
The catch



                startups   multinationals   keynotes
Intro
Innovation

                Innovation as seen in MBAs
Embrace risk?
Culture
The catch
Intro
Innovation

                (Real life)
Embrace risk?
Culture
The catch
Intro
Innovation

                Innovation accelerates
Embrace risk?
Culture
The catch




                                  38 Years



                                  13 Years



                                   4 Years



                                   3 Years



                                  88 Days



                Time to reach 50 millions users
Intro
Innovation

                A built-in inability to predict the future
Embrace risk?
Culture
The catch




                  «There is little reason for an individual
                  to have a computer in their home»

                        Ken OLSEN, CEO Digital Equipment, 1977
Intro
Innovation

                A built-in inability to predict the future
Embrace risk?
Culture
The catch
Intro
Innovation

                A built-in inability to predict the future
Embrace risk?
Culture
The catch




                                            2002
Intro
Innovation

                A built-in inability to predict the future
Embrace risk?
Culture
The catch




                « Within a group of macaques, the last to adopt
                         innovation are alpha males»
                   François TADDEI (Laboratoire de Génétique Moléculaire Evolutive et Médicale, U571 INSERM)
Intro
Innovation

                A built-in inability to predict the future
Embrace risk?
Culture
The catch
Intro
Innovation

                          Innoriskation
Embrace risk?
Culture
The catch




                Planification      Improvisation




                            Dumb Luck
Intro
Innovation

                How to embrace risk?
Embrace risk?
Culture
The catch
Intro
Innovation

                                                      3 Strategies
Embrace risk?
Culture
The catch



                                  ROI




                Innovation                 Strategic
                 pipeline                  portfolio


                  We know the           We only know the
                problem and the            problem.
                    solution.

                 We can do it
                                        Faster to outsource.
                  in-house.



                      Reinforce the status quo
Intro
Innovation

                                                      3 Strategies
Embrace risk?
Culture
The catch



                                  ROI                                      VISION




                Innovation                 Strategic
                                                                     Intrapreneurship
                 pipeline                  portfolio


                  We know the           We only know the               We don’t get the
                problem and the            problem.                    problem, nor the
                    solution.                                              solution

                 We can do it                                            We can try
                                        Faster to outsource.
                  in-house.                                              in-house.



                      Reinforce the status quo                        Change the market
Intro
Innovation

                                   Escape velocity?
Embrace risk?
Culture
The catch




                                                      INTRAPRENEURSHIP




                 Politics x Vision




                              ROI limit



                        BUs Pull

       COMPANY
Intro
Innovation

                Corsairs’ culture
Embrace risk?
Culture
The catch




                Uncharted seas?
Intro
Innovation

                «Here be dragons»
Embrace risk?
Culture
The catch
Intro
Innovation

                «Here be dragons»
Embrace risk?
Culture
The catch
Intro
Innovation

                                           Corsairs’ laws
Embrace risk?
Culture
The catch




    Politics (HR, Freedom...)         Legal (IP, Incentive...)         Process (Vision, Budget, Time...)
    1. Define «Rules of engagement»   6. Define spoils of war shares   11. Steal resources
    2. Get a «Letter of marque»       7. Don’t wait for green lights   12. Sell mockups
    3. Be neither in nor out          8. Don’t burn red lights         13. Don’t fall in love
    4. Shortcut decisions             9. Learn guerilla tactics        14. Fail early
    5. Create an ousider network      10. Copy and share               15. Move fast, break things
Intro
Innovation

                         2. Get a «Letter of marque»
Embrace risk?
Culture
The catch




                Elisabeth I of England        Sir Francis Drake
                      1558-1603                    1542-1596
Intro
Innovation

                6. Define spoils of war
Embrace risk?
Culture
The catch
Intro
Innovation

                7. Don’t wait for green lights
Embrace risk?
Culture
The catch




                «Financial reverse-engineering»
Intro
Innovation

                12. Sell mockups
Embrace risk?
Culture
The catch
Intro
Innovation

                           (12.bis Sell POCs)
Embrace risk?
Culture
The catch




                Q4, 2012                        2020?
Intro
Innovation

                13. Don’t fall in love
Embrace risk?
Culture
The catch
Intro
Innovation
Embrace risk?
Culture
The catch
                15. Move fast, break things
Intro
Innovation

                There’s a catch
Embrace risk?
Culture
The catch
Intro
Innovation

                                                    This is easy*
Embrace risk?
Culture
The catch




                                 300




                                             training
                                             consulting
                                             coaching



                                       30 ideas




                                                                      5 prototypes




                   Ideation                       Incubation

                «IN»                         «THROUGH»
                Rules of engagement          Explore and fail early
                3 months                     6 months
Intro
Innovation

                                        This is unbelievably hard
Embrace risk?
Culture
The catch




                                 300




                                             training
                                             consulting
                                             coaching



                                       30 ideas     escape velocity




                                                                                               mentoring
                                                                      5 prototypes



                                                                                                           3 sales
                   Ideation                       Incubation                    BU / Spin O!

                «IN»                         «THROUGH»                          «OUT»
                Rules of engagement          Explore and fail early             Open network
                3 months                     6 months                           3 months
Intro
Innovation

                       Going through the critical step
Embrace risk?
Culture
The catch




                Season 2                            Season 1
                Program                             Success
Innovation copilots




            «I haven't failed .
                                Thanks!
I've just found 10,000 ways Philippe MÉDA
          that do not work.» pmeda@merkapt.com
                                @PMerkapt
            Thomas EDISON, 1847-1931

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JADE Intrapreneurship Conference, Romania

  • 1. Intro Innovation Embrace risk? Culture INTRAPRENEURSHIP The catch A CORSAIR’S PERSPECTIVE JADE / Romania / Merkapt Philippe MÉDA, July 2012
  • 2. Intro Innovation Philippe MÉDA / Embrace risk? Culture The catch startups multinationals keynotes
  • 3. Intro Innovation Innovation as seen in MBAs Embrace risk? Culture The catch
  • 4. Intro Innovation (Real life) Embrace risk? Culture The catch
  • 5. Intro Innovation Innovation accelerates Embrace risk? Culture The catch 38 Years 13 Years 4 Years 3 Years 88 Days Time to reach 50 millions users
  • 6. Intro Innovation A built-in inability to predict the future Embrace risk? Culture The catch «There is little reason for an individual to have a computer in their home» Ken OLSEN, CEO Digital Equipment, 1977
  • 7. Intro Innovation A built-in inability to predict the future Embrace risk? Culture The catch
  • 8. Intro Innovation A built-in inability to predict the future Embrace risk? Culture The catch 2002
  • 9. Intro Innovation A built-in inability to predict the future Embrace risk? Culture The catch « Within a group of macaques, the last to adopt innovation are alpha males» François TADDEI (Laboratoire de Génétique Moléculaire Evolutive et Médicale, U571 INSERM)
  • 10. Intro Innovation A built-in inability to predict the future Embrace risk? Culture The catch
  • 11. Intro Innovation Innoriskation Embrace risk? Culture The catch Planification Improvisation Dumb Luck
  • 12. Intro Innovation How to embrace risk? Embrace risk? Culture The catch
  • 13. Intro Innovation 3 Strategies Embrace risk? Culture The catch ROI Innovation Strategic pipeline portfolio We know the We only know the problem and the problem. solution. We can do it Faster to outsource. in-house. Reinforce the status quo
  • 14. Intro Innovation 3 Strategies Embrace risk? Culture The catch ROI VISION Innovation Strategic Intrapreneurship pipeline portfolio We know the We only know the We don’t get the problem and the problem. problem, nor the solution. solution We can do it We can try Faster to outsource. in-house. in-house. Reinforce the status quo Change the market
  • 15. Intro Innovation Escape velocity? Embrace risk? Culture The catch INTRAPRENEURSHIP Politics x Vision ROI limit BUs Pull COMPANY
  • 16. Intro Innovation Corsairs’ culture Embrace risk? Culture The catch Uncharted seas?
  • 17. Intro Innovation «Here be dragons» Embrace risk? Culture The catch
  • 18. Intro Innovation «Here be dragons» Embrace risk? Culture The catch
  • 19. Intro Innovation Corsairs’ laws Embrace risk? Culture The catch Politics (HR, Freedom...) Legal (IP, Incentive...) Process (Vision, Budget, Time...) 1. Define «Rules of engagement» 6. Define spoils of war shares 11. Steal resources 2. Get a «Letter of marque» 7. Don’t wait for green lights 12. Sell mockups 3. Be neither in nor out 8. Don’t burn red lights 13. Don’t fall in love 4. Shortcut decisions 9. Learn guerilla tactics 14. Fail early 5. Create an ousider network 10. Copy and share 15. Move fast, break things
  • 20. Intro Innovation 2. Get a «Letter of marque» Embrace risk? Culture The catch Elisabeth I of England Sir Francis Drake 1558-1603 1542-1596
  • 21. Intro Innovation 6. Define spoils of war Embrace risk? Culture The catch
  • 22. Intro Innovation 7. Don’t wait for green lights Embrace risk? Culture The catch «Financial reverse-engineering»
  • 23. Intro Innovation 12. Sell mockups Embrace risk? Culture The catch
  • 24. Intro Innovation (12.bis Sell POCs) Embrace risk? Culture The catch Q4, 2012 2020?
  • 25. Intro Innovation 13. Don’t fall in love Embrace risk? Culture The catch
  • 27. Intro Innovation There’s a catch Embrace risk? Culture The catch
  • 28. Intro Innovation This is easy* Embrace risk? Culture The catch 300 training consulting coaching 30 ideas 5 prototypes Ideation Incubation «IN» «THROUGH» Rules of engagement Explore and fail early 3 months 6 months
  • 29. Intro Innovation This is unbelievably hard Embrace risk? Culture The catch 300 training consulting coaching 30 ideas escape velocity mentoring 5 prototypes 3 sales Ideation Incubation BU / Spin O! «IN» «THROUGH» «OUT» Rules of engagement Explore and fail early Open network 3 months 6 months 3 months
  • 30. Intro Innovation Going through the critical step Embrace risk? Culture The catch Season 2 Season 1 Program Success
  • 31. Innovation copilots «I haven't failed . Thanks! I've just found 10,000 ways Philippe MÉDA that do not work.» [email protected] @PMerkapt Thomas EDISON, 1847-1931