Why Most Innovations Fail: And the Two Methods That Don’t - with Jan Sedlacek

Struggling to reinvent your company for the digital age? Learn why traditional approaches to innovation often lead to dead ends and how to pivot towards methods that guarantee success. In this episode, we discuss essential strategies and governance structures that have propelled over 100 ventures to success.

Welcome to the Digital Transformers Podcast with Kilian Karrasch. On this podcast, you'll hear about the latest next-generation business opportunities, how to build products and business models around them, and how to create more revenue for your business. Plus, you'll learn about the many lessons Kilian and his guests have learned on their path to building and running multi-million euro businesses.

About the host: 

Kilian Karrasch is the founding partner at Boldheart, the leading next-generation product & venture builder. Together with his team, he helps ambitious corporates such as Valora, GEMA, and the International Chamber of Commerce identify, build, and scale successful next-generation digital products and business models.

Follow Kilian's socials: LinkedIn

About the guest:

Jan Sedlacek is the founder of one of the globally leading corporate venture builders - Stryber -, which has created over 100 ventures and worked for major companies such as Nestlé, ADQ, Migros, Generali, Vorwerk, and many more.

Follow Jan's socials: LinkedIn

Timeline:

(01:13) - The failure of traditional innovation methods

(04:32) - Choosing the right innovation tools and strategies for business model enhancement.

(06:35) - How to develop innovation capabilities and mindset within organizations.

(09:08) - The impact of corporate gravity on venture success.

(11:02) - Deciding between corporate venture building and M&A based on strategic needs.

(14:15) - How to establish a corporate venture building strategy with effective governance.

(22:11) - Designing governance structures to support venture success.

(33:22) - Managing ventures in adjacent areas for operational independence and strategic relevance.

(42:17) - Planning for long-term asset leverage in scale-up venture scenarios.

(43:43) - Risk mitigation by scaling ventures incognito before leveraging corporate assets.

(47:05) - Understanding future governance options for ventures, including integration or management as new business lines.

Teaser: How to Establish Effective Governance Structures for Venture Success