Startups and Corporate Innovation

Startups and Corporate Innovation

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  1 Startups and CorporateInnovation A CXO-Talk Perspective Founder, CXO-Talk.com Michael Krigsman [email protected] 617-906-5079 @mkrigsman
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  Large Companies LOVEStartups 2Source: http://www.slideshare.net/schlaf/raising-a-seed-round
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  Value of Innovationis HUGE 3Source http://www.bain.com/publications/articles/taking-the-measure-of-your-innovation-performance.aspx
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  4 “Corporate innovation is anoxymoron. We’re not rewarded on Wall Street for unpredictable things.” Bruce Cleveland Venture Capitalist CXO-Talk, 10/31/14
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  5 Why don’t bigcompanies innovate? “It requires unnatural acts of sacrifice.” Christopher Michel Entrepreneur and Investor CXO-Talk, 2/13/15
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  6 Startups can help: “Temporaryorganization searching for repeatable, scalable business model.” Steve Blank Entrepreneur and Educator CXO-Talk, 10/31/14
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  77 Large Companies Startups
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  Example: Adobe Systems 8 CIOInnovation Forum Gerri Martin-Flickinger CIO, Adobe CXO-Talk, 1/9/15
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  Example: Standard CharteredBank 9 Crowdsourced Price Measurements in Nigerian Markets Todd Schofield Standard Chartered Bank CXO-Talk, 2/6/15 Photo http://lagoscityphotos.blogspot.com/2010/09/theme-day-open-air-market.html
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  10 Lessons Learned Align Innovationto Business Goals ‣ Areas of innovation • Technology / Products • Business model • Process / Efficiency ‣ Type of innovation • Sustaining • Disruptive Photo Michael Krigsman
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  11 Don’t Screw theStartup’s Culture Top-down antibody protection Photo Michael Krigsman
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  13 Startups and CorporateInnovation A CXO-Talk Perspective Founder, CXO-Talk.com Michael Krigsman [email protected] 617-906-5079 @mkrigsman