Simon is a highly skilled Executive with global experience in strategy development, innovation and the delivery of transformation. Simon has led innovation, data science and analytics programs for major enterprises in the US, Australia, UK and Europe. He has also established a number of successful service and product startups.
I recently wrote about the introduction of the Chief Corporate Entrepreneur, a new executive role that would drive imagination, creativity, innovation and ultimately entrepreneurship across a large organisation.
This role would lead a group of strategically chosen internal entrepreneurs to drive new revenue streams, explore and validate new value propositions, customer segments and of course, new repeatable and scalable business models.
They and their counterparts would compliment the current executive office and corporate structure that exists to execute and optimise a series of value propositions and the associated existing business models they are attached to.
Having said that, the broader role of entrepreneurship within enterprise will exist primarily to accelerate innovation velocity, and leverage a tolerance for temporary failure to assist in new business model innovation and establishment. Innovation velocity and tolerance for temporary failure have little synergy with the execution of an existing business model and the activities associated with increasing efficiencies and maximising profit margins.
They therefore must be driven by entrepreneurship and not by traditional operational structures.
Read more about the role entrepreneurship will play within enterprise in this article on Startup Daily.