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.
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/
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
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
Harnessing Global Creativity for Innovat The Power of Collective Intelligence with Simon Hill
ChatGPT
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