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.
In this episode, Aidan McCullen welcomes Richard Robertson, co-author of ‘The Corporate Explorer Fieldbook,’ to explore the role of strategic diversity in building effective teams for innovation. Drawing from his extensive experience, Richard shares insights on navigating the different phases of the S-curve and managing human behaviour in change processes.
Ellie Charles Mann Hummel
Innovating Corporate KPIs – Ellie Amirnasr and Charles Vaillant
Driving Progress with Mann+Hummel’s Hunter Strategy
In this episode of the Corporate Explorer series, we dive into innovative business practices with Mann+Hummel’s CTO/CDO Charles Vaillant and Digital Ventures Manager Ellie Amirnasr. The guests discuss the pitfalls of applying traditional KPIs too early in new business ventures and advocate for non-financial progress metrics. They introduce the ‘Hunter Strategy’ for pursuing business validation and scaling within exploration-type projects. The conversation covers how to manage resource allocation efficiently, the evolution of their innovation framework, and essential advice for corporate explorers. This episode is sponsored by Wazoku, a leader in creating sustainable innovation ecosystems.
00:00 Introduction to Business Innovation
01:10 Sponsor Acknowledgment
01:49 Meet the Guests: Ellie Amirnasr and Charles Vaillant
02:54 Understanding Mann and Hummel
04:56 Challenges with Traditional Metrics
10:54 Hunter Strategy Explained
17:21 Implementing Effective Metrics
23:59 Resource Allocation in R&D
30:18 Advice for Corporate Explorers
34:47 Conclusion and Final Thoughts
Business Innovation, KPIs, Venture Management, Non-Financial KPIs, Innovation Ecosystems, Corporate Exploration, Growth Validation, Hunter Strategy, Mann and Hummel, Wazoku, Aidan McCullen, Ellie Amirnasr, Charles Vaillaint, Corporate R&D, Digital Ventures, Strategic Metrics, Innovative Processes, Resource Allocation, R&D Investments, Corporate Transformation
Find Charles: https://www.linkedin.com/in/chvaillant/
Find Ellie: https://www.linkedin.com/in/ellie-amirnasr/
Find Aidan: https://www.linkedin.com/in/aidanmccullen/
Ever wondered how companies can leverage partnerships to drive innovation and deliver new value propositions to their customers? In this episode, we explore the art and science of corporate innovation ecosystems with Christine Griffin, a renowned expert in the field.
Christine unveils a powerful six-step process for crafting a winning ecosystem playbook. We delve into a compelling case study – Best Buy’s strategic shift from retail giant to home health services leader – to illustrate the power of this approach.
Discover how Best Buy leveraged acquisitions and partnerships to become a key player in the home health market. Learn the importance of understanding value creation, identifying market turning points, and mapping the ecosystem landscape. We’ll also explore how to assess financial flows, build a robust scaling path, and develop the capabilities needed for success.
This episode is a must-listen for corporate explorers and innovation leaders seeking to:
Develop successful partnerships
Drive co-innovation for customer value
Navigate the complexities of business ecosystems
This episode of the Corporate Explorer series focuses on developing compelling value propositions through the use of ‘value flows’ and ‘design criteria maps’, as explained by guest George Glackin.
This episode of the Corporate Explorer series features a discussion with Bea Schofield, a specialist in Challenge-Driven Innovation (CDI), and various co-authors of the ‘Corporate Explorer Field Book’.
The podcast, supported by Wazoku, delves into how large organisations can foster innovation through a sustainable ecosystem using ‘Connected Collective Intelligence’. The conversation focuses on the principles of CDI, detailing a framework dubbed ‘LASSO’ for crafting effective challenges that stimulate creative solutions. It underscores the importance of setting clear boundaries to fuel creativity, ensuring challenges are actionable and specific, and aligning them with strategic goals to facilitate ownership and support within the organisation. The episode also covers strategic challenge framing, stakeholder engagement, solution evaluation, and prioritisation, offering insights into blending creativity with systematic processes for corporate innovation. Bea Schofield shares her perspective on the role of corporate innovators and the necessity of balancing ideation with execution to drive meaningful organisational change.
00:00 Welcome to the Corporate Explorer Series: Launching the Field Book
00:15 Introducing Wazoku: Powering Sustainable Innovation
01:07 Diving Into the World of CDI with Bea Schofield
03:59 Exploring the LASSO Framework for Effective Challenges
07:44 The Importance of Support and Ownership in Innovation
17:19 Navigating Corporate Innovation: Strategies and Tools
20:41 Selecting the Right Channels for Innovation Challenges
21:58 Wrapping Up and Where to Find Bea Schofield
Corporate Explorer Series, Innovation Ecosystems, CDI (Challenge Driven Innovation), Connected Collective Intelligence, Ideation Process, Challenge Design, LASSO Framework, Problem Solving, Collaboration, Corporate Innovation