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Creating new business growth in a corporate

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Page 1: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

Creating new businessgrowth in a corporate

Page 2: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

Hello!I am Lars GiereGlobal Head of Financing & Incubation @eBay Classifieds Group

Founder of felmo GmbH

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Page 3: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

But this is why I’m here

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Super cool growthin a corporate

Page 4: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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Incubation

Derive Business Modelbased on Customer Insights,

Market Potential andCompany Fit.

P/M-Fit

Prove P/M-Fit based on Innovation Accounting and

Customer Satisfaction.

Scaling

Quickly scale Business (non-profitable) to relevant size while

showing positive marginpotential.

Efficiency

Turn Business profitable whilestill growing organically.

Synergies

Start incorporating deep inter-company synergies to leverage

strategic potentials.

Our Business Phases Model

Product/Company Fit

Your org needs to change

Page 5: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

What’s in it for you?● Why Product/Company Fit is as important as Product/Market Fit

● How your org needs to change over time to create great growth

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Page 6: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

Why Product/Company Fit is as important as

Product/Market Fit

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Page 7: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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You can’t grow if you did‘t find Product/Market fit...

Poor ExecutionPoor Market

Poor ExecutionGood Market

Good ExecutionGood Market

Good ExecutionPoor Market

The marketalways wins

Page 8: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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But besides external fit you also need to find internal fit…

In an external ventureyou have multiple potential investors

In an internal ventureyou have only one

investor

Product/Company Fit isequally important

Product/Market Fit is yourleading indicator

Page 9: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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Otherwise your work-life might feel like this…

Page 10: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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Understanding Product/Company Fit is fairly simple

Just talk to your managers

Book Tip: Steven Bungay –The Art of Action

Page 11: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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But executing on Product/Company Fit it is just damn hard…

Page 12: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

How your org needs to change

over time to create great

growth

2Poor Execution

Poor MarketPoor ExecutionGood Market

Good ExecutionGood Market

Good ExecutionPoor Market

Page 13: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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Looking deeper we had a phase ofdeclining growth

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8 9 10 11 12

Page 14: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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In this phase we were scaling ourorg heavily

Month 8 Month 10 Month 12

We needed to movefrom open collaborationto focused andstructured collaboration

Page 15: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

Our key learningGood growth execution can only happen in a x-functional team that is empowered to workautonomously towards the same goal

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Page 16: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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Why empowered & autonomously?

VS.

Page 17: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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Why the same goal?

500 100 10 500€

100 50 10 800€

Sessions Leads Sales Revenues

VS.

Page 18: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

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Why x-functional?

VS.

!

"

#

$

$

Page 19: Creatingnewbusiness growthin a corporate · Scaling QuicklyscaleBusiness (non-profitable) torelevant sizewhile showingpositive margin potential. Efficiency Turn Business profitable

Key Take-Aways● Product/Company Fit is as important as Product/Market Fit

(if it’s not your own company)

● Good growth execution can only happen in a x-functional team thatis empowered to work autonomously towards the same goal

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