Across the board, as a corporate innovation function we're not yet good in building new businesses from innovation. There are global benchmarks like Amazon or Fujifilm. There are more and more companies who apply the Best Practice framework Lean Scaleup and see traction. But the vast majority is still struggling on what to do so that their Innovation Centers (and the hard-working, great people in them) create new revenue streams and corporate transformation. This is because key issues wrt ambidexterity are not solved effectively. In this session, Frank will zero in on one of them. Join this session, if these issues ring a bell for you: - How to set up the Explorative Unit properly - How to avoid Innovation Theatre - How to design startup-ish autonomy in the corporate context - Scaling-Up inside/outside the company and the re-integration issue
Frank Mattes is an expert in corporate business-building, advisor to Corporate Innovation and Corporate Venturing, and author of two books on taking corporate innovation ideas to scale. In the last four years, Frank focused on the corporate business-building problem: why do large companies struggle dramatically in building new businesses from innovation - and how can they improve? Together with 20+ industry leaders from many sectors, Frank co-created the Lean Scaleup™ framework. This framework comprises Best Practices in how to validate/scale corporate innovation initiatives and create new sizable, profitable businesses The Lean Scaleup is the latest addition to the corporate entrepreneurship toolbox. It takes the Lean Startup into the corporate context, extends it to an end-to end journey from idea to scale and comprises the Best Practices from some of the world’s finest companies. To help corporate innovation practitioners improve in business-building, Frank founded the consulting agency Lean Scaleup and published the book with the same name in May 2021. The book was co-written with two dozens of corporate practitioners and two leading business schools, UC Berkeley and the London Business School. Please find more on the book and the Lean Scaleup framework at www.leanscaleup.com/book Before Lean Scaleup, Frank founded innovation-3, a consulting agency specialized in non-incremental innovation), was with the Boston Consulting Group and Member of the Board of a B2B scaleup. Frank holds two M.Sc. in Applied Mathematics from the University of Southern California, Los Angeles and Ulm University (Germany)
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