In the “Corporate Explorer Fieldbook Finale,” Andy Binns and Eugene Ivanov share invaluable lessons on corporate innovation. They explore ambidexterity, the transformative role of AI, open innovation, and the importance of leadership in scaling new ventures. With practical advice and real-world examples, this episode is a must-listen for corporate innovators.
In times of turbulence, leaders must balance the dual forces of exploitation and exploration to ensure organizational success. Drawing on the metaphor of Ra and Horus from Egyptian mythology, this post explores how uniting operational efficiency with visionary innovation fosters ambidexterity. Learn how organizations can thrive by harmonizing stability with adaptability.
Michael Tushman and Charles O’Reilly discuss the concept of ambidexterity, balancing core and explore strategies for organizational renewal. Explore challenges like cultural alignment, structural setups, and the role of leadership in managing this paradox. Learn actionable strategies to foster collaboration and purpose in your teams.
Join Erich Kruschitz, CEO of Mavie Next, as he reveals how he transformed UNIQA’s exploratory unit into a growth engine. Explore key strategies for managing innovation in large corporations, from team building and goal setting to navigating acquisitions and celebrating failures. Ideal for corporate strategists and innovators.
Stop Relying on Gut Feeling: How Business Experimentation Drives Innovation
In the ever-changing world of business, instinct can only take you so far. The latest episode of The Innovation Show dives deep into the world of data-driven innovation, exploring how business experimentation can de-risk new ventures and lead to success.
Our Corporate Explorers, Sarah Spoto (Product Marketing Manager for Electric Vehicles & Customer Experience with Cadillac) and Vincent Ducret (ChangeLogic), share their experiences implementing a groundbreaking business experimentation framework for General Motors in China.
This episode unpacks the importance of assumption analysis, prioritizing hypotheses, and iterative experimentation for making informed decisions based on real customer data, not just intuition.
You’ll also learn about:
The challenges of corporate innovation and how to overcome them
How to foster a culture of experimentation that embraces celebrating failures as learning opportunities
A real-world example of business experimentation in action
Michael Nichols, coauthor of the Corporate Explorer Field Book and Director of Corporate Ventures for MANN + HUMMEL, shares insights on the challenges of inside-out innovation within corporations, emphasizing the importance of validating business models beyond core business practices.
Harnessing Global Creativity for Innovat The Power of Collective Intelligence with Simon Hill
Hunting Zones with Andrew Binns
Brought to you by Wazoku, the Corporate Explorer series is designed to uncover the depth of insight and experience within corporations, beyond management gurus and academics.
🌐 Episode Description: Join Andrew Binns in this insightful episode of “Hunting Zones,” where he explores the world of Corporate Explorers—innovative leaders who embark on the challenging journey of building new ventures within established organizations. In this episode, we delve into the crucial aspects of inspiring and guiding aspiring Corporate Explorers, offering actionable insights for success.
🚀 Episode Highlights:
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Finding Inspiration: Discover where aspiring Corporate Explorers should seek inspiration and how to ignite the passion to solve customer problems within established organizations.
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Guidance for Stepping Forward: Explore valuable guidance for encouraging Corporate Explorers to step forward and take on the challenge of building new ventures.
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Increasing Proposal Quality: Learn effective strategies to increase the odds of generating high-quality proposals that align with business strategy and attract senior sponsors’ support.
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Getting Started: Uncover practical tips on how to get started on the challenging road of corporate innovation and guide the energy of budding innovators toward lucrative market opportunities.
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Hunting Zones Defined: Understand the concept of “hunting zones” as defined by Andrew Binss, which provide boundaries to innovative impulses, helping generate ideas in line with business strategy and more likely to attract investment.
🎯 Bounded Diversity Approach: Explore the concept of “bounded diversity” as a powerful approach to ideation within corporations. Learn how defining boundaries, or hunting zones, facilitates a free range of ideas, ensuring a strong connection to the business strategy and creating a win-win situation for idea generators and investors.
🔍 Case Study: Nvidia’s Success Story: Delve into the success story of Nvidia, led by CEO Jensen Huang. Learn how the company shifted into new market areas, building a software ecosystem alongside its traditional semiconductor business. Discover how Huang strategically defined hunting zones in gaming, autonomous vehicles, enterprise computing, and scientific computing, guiding his team towards innovative solutions and significant growth.
Tune in to “Hunting Zones with Andrew Binns” for a captivating exploration of corporate innovation, insightful strategies, and real-world success stories. Whether you’re an aspiring Corporate Explorer or a business enthusiast, this episode offers valuable perspectives on navigating the dynamic landscape of corporate ventures. 🎧✨
Wazoku helps large organizations create effective, sustainable innovation ecosystems that accelerate efficiency gains and new value growth. It does this through intelligent enterprise software that connects and harnesses the power of employees, suppliers, start-ups, universities, and the unique Wazoku Crowd of 700,000+ global Problem Solvers.
Wazoku calls this ‘connected collective intelligence’
Find Wazoku at www.Wazoku.com
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Welcome to part 2 of the Corporate Explorer series.
In this episode, titled “Strategy Manifestos,” join Andrew Binns as he delves into corporate exploration, sharing insights from the Corporate Explorer Fieldbook.
Brought to you by Wazoku, the Corporate Explorer series is designed to uncover the depth of insight and experience within corporations, beyond the realm of management gurus and academics. In May 2022, Andy attended a conference at Bosch that sparked the inspiration for this episode, revealing the wealth of knowledge within corporations about corporate exploration.
The episode kicks off with a discussion on turning high-level corporate statements into empowering Strategy Manifestos. Co-authored by long-time client Andreas Brandstetter, Chapter 1 explores the crucial role of manifestos in aligning senior leaders on strategic ambitions and communicating these ambitions effectively.
Andy shares personal experiences as a corporate explorer, emphasizing the importance of a clear strategy. The Strategy Manifesto, while not a replacement for detailed strategy plans, makes explicit the company’s strategic choices and provides the rationale for those decisions.
Discover the key element of the manifesto – portfolio allocation. Learn how companies can change their approach to R&D investment to focus on cross-business priorities, including areas of withdrawal or deliberate non-entry.
Moving on to the execution of the manifesto, Andy outlines five steps: developing a point of view, assembling facts and perspectives, drafting and iterating, addressing disagreements, and adapting for different audiences.
The episode concludes with five powerful approaches for corporate explorers to trigger change within their organizations. From outside-in exploration to cultivating sponsors, each approach requires time and commitment but holds the potential to create bottom-up pressure that shifts action at the top.
Tune in to “Strategy Manifestos” by Andrew Binns, part of the Corporate Explorer series sponsored by Wazoku, and gain actionable insights into driving innovation and strategy within your organization. Don’t miss this opportunity to explore the uncharted territories of corporate excellence!
For those interested in Wazoku, find Wazoku at www.wazoku.com
When an organisation recalibrates to adopt a radically new strategy, most leaders focus on the changes in processes, practices and procedures. These are the mechanics of business, the easiest to measure and easier to implement. Successful change efforts engage both the mechanics and humanics of change. The humanics involves the community, collaboration and culture. In a world of constant change, organisations must adopt a “chameleonic” culture, one that is capable of rapid change in line with strategic change.