Companies struggle dramatically in building new businesses from innovation. 85-90 percent of corporate startups die after the "Minimum Viable Product" stage. This means they are burning money and they fail in (Digital) transformation.
Why is this so? What is the solution? How can companies improve?
The Lean Scaleup provides the answers.
This end-to-end framework has been co-developed by Frank Mattes, who has decades of experience in corporate innovation, more than 20 practitioners and 2 business schools. It is a practical guide on how to get corporate entrepreneurship right and how to create sizable, profitable businesses. Corporate Innovation, Digital Innovation, heads of incubators and accelerators, leaders of corporate startups and senior managers benefit from absorbing the unique thinking and Best Practices.
In his talk, Frank explained the root causes of the corporate business-building problem, outline the three capabilities that companies need to build to overcome this problem, deep-dive on the crucial aspects of leadership and culture/collaboration and show how companies can achieve this.
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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