To innovate like a startup, make decisions like VCs do

To innovate like a startup, make decisions like VCs do...

Creating new growth involves two sides:

The Entrepreneurial side, responsible for the development of new businesses.

The venture side, responsible for managing a portfolio of these businesses.

"It is the continual interplay between these two sides that drives growth"

HBR

To Innovate Like a Startup, Make Decisions Like VCs Do

This Harvard Business Review article (May 2018) argues that large companies adopting lean startup methods get only half of the model right. Successful innovation hubs combine an entrepreneurial side, which discovers, validates and develops new businesses, with a venture side, which manages them as a portfolio. The authors propose a “growth board” of senior executives who meet regularly to fund or stop initiatives, as venture capitalists do.

Source: Harvard Business Review