Press
We began posting today to a new website, Benzinga, aimed at active stock traders. Over the course of the next several weeks, we will be describing the corporate entrepreneurship structures of individual companies profiled in Grow From Within….so look for their stock prices to bounce!
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Rob Wolcott teamed with KIN sponsor Jørn Bang Andersen to articulate insights on innovation culture gleaned from the Kellogg Innovation Network, published as the cover story in The Human Factor, a leading Indian business magazine. They key lessons are:
1. Nurture a sense of purpose
2. Operate as an ethical alternative
3. Celebrate smart failures
4. Create meaningful actionable [...]
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We’re very pleased with a great review of Grow From Within by Dean DeBiase of Reboot Partners, with a summary of some of the key take-aways.
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In a posting at Fast Company today, we explain the Producer Model of Corporate Entrepreneurship, in which a dedicated innovation group is well-funded so that it can pursue new businesses independently. This “skunk works” approach is popular in the innovation literature, but such groups can become isolated if not managed correctly.
This is the last of four [...]
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Aon’s ONE Magazine: Posted March 2010
Aon’s ONE Magazine interviews Robert C. Wolcott, founding partner of Clareo Partners, to discover why many companies do not innovate and how they are at risk if they don’t. The article outlines three myths commonly associated with decisions regarding innovation and provides insight on changing corporate mindsets to remain competitive.
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In our post at Fast Company this week, we explain the Advocate Model of Corporate Entrepreneurship, in which a designated group drives new business creation but is intentionally provided only a modest budget. As such, the Advocate Model is a counterintuitive form of corporate entrepreneurship. But in some corporate contexts, it works to have a group [...]
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Recently, the Wall Street Journal’s Teri Evans contacted me regarding a challenge we’d all like to have: rapid growth. When we’re both great and lucky, entrepreneurs— corporate or independent—can end up with growth so brisk it overwhelms our ability to plan properly, scale efficiently and prepare for the future. Click here to see the article.
Let us know [...]
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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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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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