So many employees want to be entrepreneurs. Why not let them be entrepreneurs at your company? A corporate innovation program allows you to get the best out of your employees and create a culture of innovation and disruption. Launch new products, keep your best employees, and grow revenue.
What does an Entrepreneur in Residence (EIR) do?
- Leads lunch and learn seminars with curriculum related to launching new products and innovating within a company
- Facilitates Design Thinking and Lean Startup sessions with employees and executives to rigorously test, evaluate, and develop new ideas
- Helps craft pitches for the company to consider investing in
- Leads internal teams to launch products and build new businesses
- Works with the executive team to avoid overconfidence and make disciplined investments in innovation
According to Clayton Christensen, the market rewards innovative companies. More innovative companies have higher multiples and valuations.
One of the key benefits of working with us is that we can objectively communicate with external stakeholders (customers, users, vendors, etc.) to solicit new ideas and inspiration for your corporate innovation initiative.
Innovation has to be very carefully nurtured. Is it easy to get caught up in the day-to-day execution of the core business, and it is also easy to ignore ideas that could be profound. This is especially true when the new ideas conflict with establish norms. This is part of the reason why it’s so hard to disrupt yourself.
Leadership needs to go out of its way to encourage and nurture innovation and innovative ideas and not squash creative energy. This support must be felt in action, not words.