In this video roundtable, sponsored by DeVry University’s Keller Graduate School of Management, Rob Wolcott joins Ken Atwater (GE Healthcare IT Solutions), to share insights on corporate entreprenership and innovation project management, covering issues of leadership, organization, personnel and culture.
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In our post at Fast Company this week, we explain the Enabler Model of Corporate Entrepreneurship, in which resources are available for new business creation, but there is no designated organizational ownership. In other words, the early stages of new business conception are explicitly supported, encouraged, but no executive or team is explicitly charged with scaling proven concepts and transitioning them back into the organization.
The [...]
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We are delighted that a Consumer Goods Technology Magazine just published a concise summary of the Four Models of Corporate Entrepreneurship in their latest issue.
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In our post at Fast Company this week, we explain the Opportunist Model of Corporate Entrepreneurship and what you should do if you’re trying to build a new business in an environment without designated organizational ownership or resources. In general, the Opportunist Model works well only in trusting corporate cultures that are open to experimentation and have multiple [...]
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This past weekend, I was privileged to be part of the Innovation & Humanity Summit hosted by the Center for Innovation & Humanity at Chapman University in Orange, CA. KIN Global 2009 delegate and good friend Glenn Llopis launched the Center and the Summit following his attendance at KIN Global at the Kellogg School. He [...]
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In our Fast Company post this week, Rob reports on his trip to Iceland last month with members of the Kellogg Innovation Network (KIN). The people of Iceland are coming together in the wake of the financial crash. Iceland has a long road ahead to pay down a debt equivalent to over 800% of GDP, [...]
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The Kellogg School of Management and the Kellogg Innovation Network (KIN) have been pivotal to our work in corporate entrepreneurship and innovation. In fact, we originally uncovered the demand for better solutions to new business creation within established firms from our KIN members, innovation executives at large global companies.
We’re quite pleased to report that the [...]
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For those interested in trends in international innovation, here’s the podcast of an interview I did with the organizers of an Innovation Summit taking place at Chapman University later this month. The discussion is based on my work with the Kellogg Innovation Network (KIN), which brings together leaders from major companies that are fostering new business design, and with [...]
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In our Fast Company post yesterday, we highlight an important editorial for the business community: The “Schumpeter” column of The Economist Holiday Edition proposes that the business community must better engage the global dialogue. We agree. The business community must do both what’s right and constantly explore the rights and responsibilities of operating as a business with constituencies [...]
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In our post yesterday at Fast Company, we describe guiding principles for building a robust network, which is one of the most important factors to succeeding as an innovator or entrepreneur, inside or outside a large corporation:
Simple rules rule
Determine your objectives
Build diversity into your group
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Guest Post by Stephanie Wolcott
In a recent NYT article, Will Big Business Save the Earth?, Jared Diamond, prominent scientist and author, posits that multinational corporations can be important forces for positive environmental practices. He cites solid examples from Chevron, Wal-Mart and Coca-Cola as they improve their environmental performance.
Indeed, companies around the world are making an [...]
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Core businesses become core for a reason: their business designs work–or worked. Eventually, all businesses require renovation. Sometimes, they require revolution. Some signs are obvious, like falling margins or shrinking market shares, though it could be that you’re just underperforming. What other factors might indicate you need a fundamental redesign? In our post on Fast [...]
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I received a great question from a reader of Grow From Within about the relationship of corporate entrepreneurship—that is, largely internal new business creation—to forming a subsidiary or spinning out a new business concept. “Can’t these be pursued within a firm together as a strategy? What is the impact of corporate entrepreneurship on the internal [...]
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How can corporate entrepreneurs be sure whether they are moving in the right direction in the early stages? In our post on Fast Company today, we highlight three major signposts of progress toward building new businesses.
CEO and Senior Management Commitment is Solid.
Your Energies are Focused.
You’re Already Planning for Transition and Scaling.
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We’re pleased that our article on innovation leadership was placed front and center in the Chicago Chamber of Commerce’s newsletter today. The article picks up on some of the themes in previous posts here: That corporate entrepreneurship is about more than new products and services and that structure and process are not the enemies of innovation. It emphasizes [...]
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Creating Entrepreneurial Behavior within a Mature Company – Jim Blasingame's Small Business Advocate, November, 13, 2009.
True Marketing Doesn’t Just Sell the Story – Advertising Age, September 2, 2009.
Playing Well With Others – Wall Street Journal, June 22, 2009.
