Develop new growth ventures
Large, established organizations have tried to embrace many new technologies, but often with marginal success.
Should you develop new digital and smart systems opportunities within your core business, or create new growth ventures that allow the opportunity to break with traditional processes, bureaucracy and culture?
Has your organization directly addressed these critical questions?
Creating new autonomous growth ventures raises challenging business and operating model questions. To what extent should a new growth venture re-define elements in the core business? How, when and in what manner should the new business be integrated into the core? How will leadership make critical allocation decisions around skills, people, talent and investments?
These debates usually come down to a very basic question: should we build, partner or buy?
When traditional business practices, company culture and operating models inhibit the required creativity and speed, you may want to consider alternative innovation modes and non-traditional growth ventures.
NEW GROWTH VENTURES
We believe that like a pendulum swinging, corporate ventures suffered a bad reputation starting as far back as the run up to the Internet bubble burst in the 1990s. However, because the many challenges associated with embracing digital and Smart Systems technologies are now clearer and better understood, we believe the pendulum is swinging back. Business leaders today increasingly live in two distinct worlds – running their core business as efficiently as possible while also needing to develop new and novel product and systems innovations. Given this environment, new non-traditional growth ventures are becoming more common.
Our methods and processes for helping clients evaluate and develop new growth ventures include:
- Innovation Workshops
- Venture Investment Evaluations & Analysis
- Acquisition & Minority Investments
- Solution & Venture Development
- Due Diligence
- Pilot Strategy & New Venture Design
Smart systems and services has the potential to enable radically new business concepts and innovations. We believe new growth ventures will increasingly have less managerial hierarchy, command and control decision making or proprietary ownership of ideas. Diverse collaborative networks will be self-organized by people who are motivated to explore and develop ideas they care deeply about. Business innovation will extend beyond ideas about new products and services to the very manner in which business is conducted.
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For 30+ years, Harbor Research has worked with clients on growth strategy and new business creation. At the core of Harbor’s approach is a deep understanding of core technologies, markets and business characteristics. We strive to generate deep insight into how emergent technologies drive value creation and competitive advantage in our clients’ businesses.
TECHNOLOGY DEVELOPERS AND SUPPLIERS
PRODUCTS MANUFACTURERS AND SERVICES