This is a lecture on corporate entrepreneurship, intrapreneurship. Not much comprehensive ideas have been made on the subject matter. The forthcoming lecture for insurance staff and officers has egged me to make such a lecture.
2. “Creating new venture within a well established
organization “ popularized by guru Peter
Drucker
“Pursuing within the organization without regards
to to the resources they control” by Stevenson
and Roberts 1999
“Formal and informal process of creating new
products, business, and processes within an
existing organization.” From business exchange
6. New products and ventures
Innovation
Corporate/business renewal
Growth
Profitability
7. Participative decision making
Risk taking
Less command and control (loose reins)
Enabling ecosystem:
Policies
Reward system
Tolerance to failure
8. “Those were the days my friend
(management ego)
Resistance to change
Organizational inertia (a large organization
can not change easily
Lack of entrepreneurial talent
10. Whole brain thinking
Integrative thinking
Independent thinking
Algorithm (trial and error)
Balance of action vs thinking
Adventurer
Embrace complexity
By Susan Folley at Corporate Entrepreneurship | April 22, 2013
BusinessWeek
11. High Speed Innovation
Customer ProductVision
Sense of Mission
Self inspired behavior
12. Refer to Business Model innovation by Alex
Osterwalder (BMI) Business Model
Innovation
1. Primary target market
2. Customer link
3. Customer bond
4. MVP
5. Key Processes
6. Key Resources
7. Partners
13. What pisses you off
Mega trends
Changing customer wants and needs
Competitive activities
Disruptions in the markets/economies
Crisis
Bad service/practices
“What is cool/hip”