SXSW 2024

Big Ships vs. Speedboats: The Corporate Innovation Conundrum

Description:

Big corporations are often seen as big, slow-moving ships, though they desire the agility of speedboat-like startups to drive innovation. While 80% of large companies rank innovation among their top 3 priorities, few have achieved meaningful impact as a result. In this panel, led by an author of BCG’s "Most Innovative Companies" report, seasoned innovators from healthcare and aerospace discuss the characteristics of innovation leaders and how big ships & speedboats can collaborate to accelerate innovation, including tackling global challenges like health, sustainability & the AI revolution.

Related Media

Youtube Video

Additional Supporting Materials

Slide Deck

Other Resources / Information

- https://www.bcg.com/publications/2023/advantages-through-innovation-in-uncertain-times
- https://drive.google.com/file/d/1Z7Guygrnh1kBgDQa3rH-A5lMVEMFKJKL/view
- https://www.reutersevents.com/pharma/multichannel/making-strategic-sense-pharmas-new-race-competitive-advantage

Takeaways

  1. Innovation in big corporations is possible, but companies need to avoid innovation traps and fallacies — it's not just about technology.
  2. Corporate Innovation leaders are leveraging innovation as a critical long-term competitive advantage and are investing more, despite the economy.
  3. External partnerships and M&A are critical tools to accelerate innovation.

Speakers

Organizer

Shwen Gwee, President & Chief Disruptor, Health Disruptors Inc

Meta Information:

  • Event: SXSW
  • Format: Panel
  • Track: International Innovation
  • Track 2
  • Level: Intermediate
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