What can telcos learn from Silicon Valley?
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Many telcos have visited the Valley in search of new and “open” innovation opportunities, but the returns often seem fleeting. We talked with a 20-year veteran of the circuit to understand why, and what needs to change if they are to embed and operationalise such innovation.
Format: PDF filePages: 41 pages Charts: 10 Author: Kate Spencer Publication Date: July 2021
Table of contents
- Executive summary
- What are telcos hoping to do in Silicon Valley?
- The dominant innovation outpost models in Silicon Valley
- What to learn in Silicon Valley: Four levels of learning
- Increasing acceptance of evolving business models
- What should telcos do differently?
- Purpose: Match effort to expectation
- Whom to learn innovation lessons from in Silicon Valley
- People: Who goes to the Valley, and who stays home
- Practices: Dos and don’ts
- Telco dynamics and challenges
- Ambidextrous transformation is a hard art to master
- Two-speed IT puts the brakes on digital culture
- Capital-intensive infrastructure companies have a bigger turning circle
- Design thinking must infuse the transmission belt
- Telcos may struggle to win the battle for tech talent
Table of Figures
- Figure 1: Four major routes to innovation
- Figure 2: Levels of learning.
- Figure 3: Ecosystem business models are often catalysts for innovation
- Figure 4: Innovation maturity matrix
- Figure 5: Types of innovation.
- Figure 6: Innovator Archetypes
- Figure 7: Innovator archetypes and innovation models
- Figure 8: Silicon Valley Happy Family
- Figure 9: The innovation transmission belt
- Figure 10: Elisa’s ambidextrous innovation model
Keywords: accelerators, collaboration, corporate venture capital, corporate venture studios, Culture, Design thinking, disruptive, disruptive opportunities, disruptive threats, ecosystems, efficiency, Elisa, Experiment, experimental mindset, external expertise, incubators, Innovation, innovation lab, Innovation Labs, intrapreneurs, Jean-Marc Frangos, leadership, Learning expeditions, Open Innovation, opex, partnering, R&D, Research University partnerships, risk appetite, scouting, silicon valley, start-up, Technology scouting, technology shifts, transformational, uncertainty, venture-building
Companies & technologies covered: Facebook, Amazon, Google, Microsoft, HP, Intel, Robinhood, Figma, Stripe, Uber, Productiv, Brightline, Stanford University, University of California, Berkeley, Plug and Play Tech Center, Sequoia Capital, Elisa