Manage Innovation or fade away.

Transcription

1 Manage Innovation or fade away. 6 th Risk Management Annual Conference. Eyal Benjamin PhD. benjamin@mta.ac.il

2 1/2005-1/ companies replaced (39%) 44% companies acquired 38% lost market cap / private 18% Other issues Why is it, that big, huge corporations get beaten by kids in garages? Roger Martin, Dean of the Rotman School of Management at the University of Toronto 6 2

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4 Source: google trends 6/ Hi Tech?

5 % $10B 2005 $57B

6 $20M Sales / 1m users Sales: Dollar shave club: Sales (Mil) Sales (X Mil) All rights reserved Eyal Benjamin PhD 6

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8 Source: Jim Kalbach

9 Source: The Innovators Dilemma / Clayton Christensen 25 Steel PC Hard Drive Tractors Phones Many others.. Source: The Innovators Dilemma / Clayton Christensen 26 Why is it, that big, huge corporations get beaten by kids in garages? Roger Martin, Dean of the Rotman School of Management at the University of Toronto 27 9

10 CREATIVE Make Change Invent Innovate ACTIVE Operate Organize Manage PASSIVE Observe Criticize Consume 28 CREATIVE Create New Business ACTIVE Manage Existing Business 29 Uncertainty Entrepreneurs Managers Employees Self Employed Freedom 30 10

11 31 Entrepreneurs Managers Find Exploration Design Based Set Resources Objectives Use Meet Operation Based Exploitation Uncertainty 32 Entrepreneurs Managers Risk Find Exploration Design Based Set Resources Objectives Use Meet Operation Based Exploitation 33 Source: The Innovators Dilemma / Clayton Christensen p

12 Discovery Skills (%) Discovery Skills (%) The 5 fundamental principals: 1. Resource dependence (it is the customers and investors who actually set the course) 2. Small markets don t solve the needs of large companies 3.Failure is an intrinsic step toward success 4. Organizations have capabilities that exist independently of the capabilities of the people who work within them. 5. Market supply may not equal market demand. 34 Source: The Innovators Dilemma / Clayton Christensen p Discovery Driven High Balance Founder CEOs at innovative companies Non-Founder CEOs at average companies 25 Low Balance Delivery skills (%) Delivery Driven Source: The Innovators DNA / Clayton Christensen p Business Unit Managers Functional Managers Discovery Driven High Balance Our threats 50 Us 25 Low Balance Delivery skills (%) Delivery Driven Based on The Innovators DNA / Clayton Christensen p

13 Entrepreneurship Management 37 Entrepreneurship Challenge Courage Management 38 Renewal Preservation 39 13

14 Thank You! Questions? Eyal Benjamin PhD