Innovation needs a different setting, management, and mindset than that required for day-to-day corporate business. Whilst many corporates have already established dedicated innovation units or intrapreneurship programs plenty of promising projects still buzz around in the corporate world without any clear direction. In our study, we shed light on how corporates have successfully implemented radical and disruptive innovations.
Our tip: Evaluate the fit of the corporate startup to the corporate vision, strategy and portfolio of the mother company from the very start of every innovation project.
Our tip: Innovation projects that are far removed from the core business or operate under a different business model are likely to backslide in a corporate environment. Consider spinning them off early to let them flourish.
Our tip: Corporates and startups operate on two different paradigms which makes stakeholder management even more critical, and challenging.
- How corporates are able to develop radical business ideas next to their core activities
- What are the key factors and biggest obstacles to successful intrapreneurship
- What checkpoints are critical when setting the stage for your next innovation project
- How can you support intrapreneurship teams on their innovation journey
- What are the biggest challenges of scaling a corporate startup