Dan: Created page with "{| class="wikitable" ! scope="col"|Top 5 Challenges ! scope="col"|Top 5 Risks ! scope="col"|Top 5 Opportunities |- |'''Corporates''' Lack of innovation culture - fear of being disrupted before they can act Changing priorities within corporate Activating and prioritising resources - people and money Defining a lean approach to activating the engagement Personal risk vs career risk Leap of faith needed to embrace startups without a track record |'''Corporates''' *Bus..."

2021-12-02T04:55:25Z

Created page with "{| class="wikitable" ! scope="col"|Top 5 Challenges ! scope="col"|Top 5 Risks ! scope="col"|Top 5 Opportunities |- |'''Corporates''' *Lack of innovation culture - fear of being disrupted before they can act *Changing priorities within corporate *Activating and prioritising resources - people and money *Defining a lean approach to activating the engagement *Personal risk vs career risk *Leap of faith needed to embrace startups without a track record |'''Corporates''' *Bus..."

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{| class="wikitable"
! scope="col"|Top 5 Challenges
! scope="col"|Top 5 Risks
! scope="col"|Top 5 Opportunities
|-
|'''Corporates'''
*Lack of innovation culture - fear of being disrupted before they can act
*Changing priorities within corporate
*Activating and prioritising resources - people and money
*Defining a lean approach to activating the engagement
*Personal risk vs career risk
*Leap of faith needed to embrace startups without a track record
|'''Corporates'''
*Business innovation is not seen as a strategic imperative
*Lack of urgency and speed in decision making around the ‘new’ vs ‘today’
*Lack of internal alignment at senior level
*Alignment of Corporate/Startup visions and values
*Wasted opportunities - “we miss something”
*Lack of upfront transparency to aid understanding of compliance requirements and other necessary information
|'''Corporates'''
*Sourcing talent - introducing fresh thinking and new ways of working together
*Solving problems faster and cheaper
*Ability to co-create common tools and processes
*Being relevant - working on solutions to solve real problems
Grow through projects - adopt a startup ‘test and learn’ approach
|-
|'''Startups'''
*Corporates are highly risk-averse
*Lack of transparency as to the corporate’s strategy and objectives
*Knowing what and who is available within the organisational innovation ecosystem
*Speed of corporate decision-making
*Being relevant - knowing you are working on a real problem they have
|'''Startups'''
*Lack of documentation and internal processes to meet corporates needs
*Burning lots of money before confirmed engagement
*Corporate’s lack of transparency around strategy and objectives
*Alignment of Corporate/Startup visions and values
*Personal reputation risk
|'''Startups'''
*Knowing what and who is available to connect at the right level
*Designing a lean approach to activating the engagement
*Creating a set of common tools and processes
*Utilising NZ innovation ecosystem to test ideas before going global
*Being relevant - working on solutions to solve real problems
|}

'''FACILITATOR COMMENTARY'''
''Free-flowing discussions led to commitment to using the challenges, risk and opportunities to design new ways of engaging and working together. There was recognition of each other’s strengths and issues - time/speed, money, resources. A number of opportunities to co-create a common ‘working together plan’, were discussed with tangible tools and resources identified. There was also a an understanding that relationship development across the ecosystem is key, so connections and ongoing conversations were seen as important.''

Challenges, Risks and Opportunities - Revision history