// This is a session at Innov8rs Sydney, 25-27 September 2018

All speakers and sessions here: https://innov8rs.co/sydney/speakers-sessions/ //

The Business Case Alternative: How to Support Disruptive Innovation at a Large Company

Disruptive ideas usually don’t see light of day at large companies. And when they do, it’s not for long. This is because traditional financial metrics such as NPV, IRR and RoNA are used as measures of success.

In addition, the allocation of capital for new ideas hinges on business cases that ask us to forecast indicators such as the target market, the market size, the payback period and aforementioned financial metrics – all factors that can’t be reliably predicted when it comes to disruptive innovation which is inherently uncertain and chaotic.

In the odd case that capital is allocated to a potentially disruptive idea, it’s usually pulled prematurely because the financial metrics or assumptions that made up the crux of our business case were faulty – which is to be expected for almost any truly disruptive idea because if you’re reliably estimating what every variable looks like from day one, you’re either a prophet, have a crystal ball or are just pursuing incremental innovation, the opportunities for which are much more visible and obvious, so too the underlying assumptions.

So, what’s the alternative?

Steve Glaveski

Co-founder and CEO at Collective Campus

Steve Glaveski is an entrepreneur, keynote speaker, author and podcast host whose mission is to unlock the latest potential of organisations so that they can create more impact for humanity and empower their people to lead more fulfilling work lives.

Steve wrote the Innovation Manager’s Handbook which was an Amazon bestseller, hosts two podcasts, Corporate Innovation School and Future², the latter winning the inaugural Australian Podcasting Awards People’s Choice award in the Business category, and is a keynote speaker on the topic of corporate innovation, having graced the stage at conferences such as Pause Fest, CPA Congress and IBM Symposium.

He previously founded HOTDESK, an office sharing platform and has worked for the likes of Westpac, Dun & Bradstreet, the Victorian Auditor General’s Office, Ernst & Young, KPMG and Macquarie Bank.

When not working on the innovation strategies of both his clients and of his team, Steve can usually be found riding his motorcycle, in the gym, at the beach or listening to the latest record from Iron Maiden!