Principles for Building Innovation Ecosystems In Established Companies

Tendayi VikiPrincipal Consultant

About MeI am the founder of Benneli Jacobs, an innovation consultancy firm that helps large companies develop innovation ecosystems.

I hold a PhD in Psychology and an MBA. I am the author of two books: The Corporate Startup and The Lean Product Lifecycle.

I have worked as a consultant and trainer for several large companies including Airbus, Pearson, Standard Bank, The British Museum, The World Bank, General Electric and Whirlpool.

I co-designed Pearson's Product Lifecycle which is an innovation framework that won Best Innovation Program 2015 at the Corporate Entrepreneur Awards in New York.

In my previous life, I spent 12 years as an academic at the University of Kent, where I am now Honorary Senior Lecturer. I have also been a Research Fellow at Stanford University.

@tendayiviki

An Innovation Ecosystem

Principle 1 - Innovation Thesis

We invest in large networks of engaged users,

differentiated by user experience, and defensible through network effects.

Fred WilsonVenture Capitalist

Union Square Ventures

Principle 2 - Innovation Portfolio

Principle 3 - Innovation Framework

Running Lean

The Lean Product Lifecycle

Principle 4 - Innovation Accounting

Reporting KPIs● Connected to innovation practice:

○ The focus is on product teams, the ideas they are generating, the experiments they are

running and the progress they are making from ideation to scale.

Governance KPIs● Connected to innovation management:

○ The focus here is on helping the company make informed investment decisions based on evidence and innovation stage.

Global KPIs● Connected to innovation strategy:

○ The focus here is on helping the company examine the overall performance of their investments in innovation in the context of the larger business.

Principle 5 - Innovation Practice

An Integrated Framework

http://thecorporatestartupbook.com/

Thank You Learn Build

Measure