THE STATE OF SPEED THE CORPORATE STARTUP WHITEPAPER EFOCUS 2016
INTRODUCTION In december we uploaded our new EQ about The Corporate Startup. The test 10 QUESTIONS in this EQ was completed by more than 200 participants. The data following this test is represented in this whitepaper. First a case study was presented to all the participants following a few questions about the decisions they would 200 PARTICIPANTS make based on the information. 4 ANIMALS
FINANCING SPEED How easy or hard is it for someone in your organisation to get funding for a startup idea? 19% Impossible 25% It s quite easy: we have a structured startup/ innovation process that is available for everyone with a good idea. 41% You can only get funding if you know the right people and you come up with a plan at the right moment. Maybe. 15% You can only get funding if you hold the necessary (management) function in the right department.
REALISTIC ESTIMATE Let's be realistic: how much do you think this is going to cost and how much time will it take from your having an idea for a landing page to it actually going live? 23% Within 3 weeks 37% Within 10 weeks 27% Within half a year 13% Within a year
FINANCING DURATION How long will it take you to get your 200-300K funding so you can start? 29% Within one quarter of a year 29% Within half a year 27% Within three quarter of a year 15% Within one year
ATTITUDE ORGANIZATION How will your organisation most likely deal with this delivery dilemma? 24% Establish requirements, assign a project manager, find an agency and outsource as much as possible to this agency within the given budget. 25% Build it completely in-house and recruit additional competences if needed. 51% Create a multidisciplinary team of internal and external professionals who work together using agile concepts.
NUMBER OF PROJECTS Your organisation is probably doing many projects simultaneously. On average, in how many projects does a team member participate at the same time? 10% 1 project 14% 2 projects 19% 3 projects 15% 4 projects 8% 5 projects 6% 6 projects 7% 7 projects 21% 8+ projects
ATTITUDE CEO How likely is it that your CEO will back you up and prioritise promising but uncertain business over stable and certain business? 44% Unlikely 25% I do not know 31% Likely
STIMULATING ORGANISATION Does your organisation offer stocks or other financial stakes in new ideas as a way to stimulate entrepreneurship? 32% No and it is not very likely that they will offer this when I bring it up. 34% There s nothing official, but it is definitely something that can be discussed. 20% Yes, we have a policy and process for these kinds of startups and anyone with a good idea can apply. 14% Yes, but only for senior management who become involved in innovation.
SCALING How fast can you scale in terms of functionality and IT infrastructure? 21% Very fast: the infrastructure, organisation and process are very scalable. We have cloud capabilities, DevOps and continuous integration everywhere. 25% Quite fast: we're not there yet, but we're doing agile and we're able to release new functionality on a weekly basis. 39% Slow: it's very hard to scale new things within our company. We're dealing with a legacy infrastructure and an organisation that is not built for speed. 15% Not possible: we're simply not able to scale new things within our company. We build new companies for those purposes.
SOFTWARE Does your company have public APIs and a structured programme to connect with other developers, companies and apps? 20% No, and we're not considering it. 27% No, but we're in the process of creating it: APIs are now a subject of strategic conversations. 29% Yes, we have! 24% We do have some technical ways to connect to our systems, but it's all custom build and we don't invite other parties to build things with it.
DIGITAL TALENT How good is your company at finding and developing new - digitally savvy - talent? 47% Not strong 24% I do not know 29% Strong
THANX