What it means to build a corporate venture
Traditional business models are being challenged by evolving customer behaviors, value chain disruption and venture-backed startups. The life-span of Fortune 500 companies is rapidly shrinking, with the list constantly changing. However, established companies can leverage key assets, such as their brands, customer base, salesforce and organizational capabilities.
With corporate venture building, leaders look at those endowments with an entrepreneurial mindset and quickly turn them into the backbone for new businesses that open new avenues for growth, boost profit and loss (P&L), and scale to be corporate unicorns. Chief executive officers (CEOs) need to change the incumbent mindset by mirroring venture capital traits to develop disruptive corporate unicorns using their companies’ endowments.
Are you ready for TENx growth?
The EY-Parthenon Corporate Venture Building framework is centered around triggers, endowments and how they spur and support an enhanced or totally new P&L for your business, getting to day 100 on day 1.