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Tactics in Identifying New Business Opportunities:What Doesn't Work and Why
Guido H. Petit, Director Alcatel-Lucent Technical Academy
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ALCATEL-LUCENT
”””” Ben VerwaayenChief Executive Officer
Broadband everywhere is speeding up life and business. It takes no time to go from having a new idea, to touching peoples lives. We must innovate – and help our customers innovate – at the speed of ideas.
““““
• Headquarters: Paris, France
• Annual Revenues: approx. €16 billion
• Employees: 77,000 +
• 130 countries
FAST FACTS
• R&D Budget: €2.5 billion
• Active Patents Held: 27,900
• Patents Awarded in 2010: 2,400
• Nobel Prizes Won: 7
““““
REALIZING THE POTENTIAL OF A CONNECTED WORLD
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� 27,900 active patents � Collaboration with >250 universities worldwide
�Multiple Open Innovation Initiatives
PRESENCE IN 8 COUNTRIES
� Belgium
� China
� France
� Germany
LIFE-CHANGING TECHNOLOGIES
� DSL� PON�WiMAX�WDM� The transistor
MARKET IMPACT
GLOBAL REACH A HERITAGE OF INNOVATION
DEFINING THE FOREFRONT OF THE INDUSTRY
2010 BREAKTHROUGHS
� lightRadioTM
� 100G optical transmission� DSL Phantom Mode
� India
� Ireland
� South Korea
� United States
� Digital signal processing� CCD� Communications satellites� The laser� Cellular telephony
BELL LABSINNOVATING AT THE SPEED OF IDEAS
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INNOVATING AT THE SPEED OF IDEASRECENT BREAKTHROUGHS
lightRadio™ A groundbreaking antenna small enough to fit in your hand
100G 100 Gigabit per second optical transmission and Internet Protocol (IP) routing
DSL Phantom Mode Boosts the transmission speeds of copper DSL by 50%
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GreenTouch TM
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GreenTouch TM
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7 | Guido H. P
Tactics in IdentifyingNew Business Opportunities:What Doesn’t Work and Why
ExplorinExploringg other Routes other Routes
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AlcatelAlcatel--Lucent in BelgiumLucent in Belgium
~1800 employees in Belgium~ 900 R&D engineers~150 Bell Labs researchers~ 20% women / 80% men~ 37 nationalities
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It all started after …It all started after …
… a Major Restructuring Operation in 2002 … a Major Restructuring Operation in 2002
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We launched an Idea Capturing Tool …We launched an Idea Capturing Tool …
Collect ideas from all ranks
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We collected and published Statistics We collected and published Statistics … …
Launch of the Launch of the ““Stretch Your MindStretch Your Mind ”” ContestContest
Innovation ThermometerInnovation Thermometer
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and the prize is …and the prize is …January 2005
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13 | Guido H. Petit | HSATM | June 2009
Bringing Entrepreneurship Inside
Entrepreneurial Boot CampsEntrepreneurial Boot Camps
“Innovation is the responsibility “Innovation is the responsibility of every employee in the company”of every employee in the company”
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The Boot Camp ProgramThe Boot Camp Program
�Weekend 1 (Friday + Saturday)- How to develop a successful business plan- New Venture Creation- Opportunity Development
�Weekend 2 (Friday + Saturday) - Entrepreneurial Marketing- Principles of New Product Growth
�Weekend 3 (Friday + Saturday) - Entrepreneurial Finance- Legal Aspects- Intellectual Property Rights
�Dry Run
�Super Friday (Grande Finale) - Presenting and Selling the Business Opportunity Plan to a Jury
Ela
psed
Tim
e =
3 m
onth
s
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Meerle
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Make it a Challenge!
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On Top of Daily Duties
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Encourage Collaboration
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Convince the Jury about …Convince the Jury about …
• Vision, trends and market needs• Sustainable business opportunity• Team Strength• Value Chain and Players• Business case and financials• Competition• Solution and Technology• Fit with business strategy/core competences• Lead customers• Rollout plan and exit strategy• Need for partnering
In 1
5 m
inut
es!
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Let People pursue their Passion
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A Real Life Experience
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… the Jury is …
Venture Capitalists
The CEO, CTO and CFO of Alcatel-Lucent Belgium
Business School Professors
Venture Capitalists
Faculty MembersBusiness School Professors
CEO, CTO and CFO of Alcatel-Lucent Belgium
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Who are the Best Connected People?Who are the Best Connected People?
Show me the Money!
And……What is the Secret Sauce?
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… the Jury is …
Venture Capitalists
The CEO, CTO and CFO of Alcatel-Lucent Belgium
Business School Professors
… and the Reward?
… Exposure to & Networ king with Top Management
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Dating EventDating Event
Dating Event: Connecting People & Ideas
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MultiMulti--Disciplinary & CrossDisciplinary & Cross--Functional TeamsFunctional Teams
Research Finance Marketing Sales
Talented people are everywhere but …
Engineering&
Development
… they are not connected… they are lacking relationships!
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Research
Engineering
MarketingSales
FinanceDiversity
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Who are the Best Connected People?Who are the Best Connected People?
Leve
l of C
onne
ctiv
ity
Underground Network
Use of Community Platforms
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Becoming Rare Species
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EntrepreneurialEntrepreneurialBoot CampsBoot Camps
Venture Capitalists
Professors
CEO, CTO and CFO
Dating EventDating Event
JuryJury
Fas
t Tra
inin
g &
Coa
chin
g T
rack
Fas
t Tra
inin
g &
Coa
chin
g T
rack
Mul
tiM
ulti--
disc
iplin
ary
disc
iplin
ary
Team
sTe
ams
Venture CouncilVenture Council Incubation Phase
BusinessBusinessUnit Unit 11
Bell LabsBell LabsResearchResearch
BusinessBusinessUnit Unit ii
Alcatel-Lucent Bell
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… including Success Stories
Promote Success Stories
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CoachingCoaching
Coaching*
Theory
* by internal & external people
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Transition barrier increases over time
An Exponential
Learning
Curve
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34 | Guido H. Petit | HSATM | June 2009
You are challenged every day by your peers!
Overcome Gravitational Forces andOrganizational Barriers
A Stretch Track – A Real Challenge
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Takeaway 2
Encouraging Risk Taking and Entrepreneurship
A Way to Change the Innovation Mindset
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Scouting Entrepreneurial Talent
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The Outcome The Outcome sofarsofar ……
New TechnologyExisting Market
New TechnologyNew Market
Existing TechnologyExisting Market
Existing TechnologyNew Market
Research
BusinessDivisions
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LargeAdjacent
Separable
Team
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We often need
different leaders
in each stage
of the innovation
process
ALL RIGHTS RESERVED. COPYRIGHT © ALCATEL-LUCENT 2011.40 |The Touchatag Boot Camp Team
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The tikitag Venture Team
The Touchatag Venture Team
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Mobile Wallet Service1 billion wallets for un-banked by 2015
Proximity payment
Remote ticketing
Mobile marketing
E- and M-commerce
Person to person payment
International remittance
Pilot projects Partnership
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The P2P Spider Boot Camp Team
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The P2P Venture Team today
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Some Testimonials
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Managing Expectations Learn from Failures
“Success is a journey, not a destination!”Deepak Chopra
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Recognize the Accomplishments of the Teams
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Belgium
FranceAmericas
India
ChinaGermany
… within Alcatel-Lucent
Internationalization of Boot Camps …Internationalization of Boot Camps …
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Connected Innovation ModelConnected Innovation Model
InnovationInnovation is is nownow muchmuch moremoreacrossacross businessesbusinesses thanthan
withinwithin the the depthsdepths of a businessof a business
++AcademiaAcademia
Have also organized boot camp like programs
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Faculty: Prof.Dr. Stefan Stremersch (stefan.stremer [email protected])Example of a similar boot camp program
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Helps to identify Entrepreneurial Talent
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Innovation …Innovation …
… a complex and
critical interplay
between the best
people inside
and outside your
organization
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