Business owners and leaders are used to planning and strategizing. However, the pace of new technology entering the market has bewildered even some of the smartest business owners and their leadership team. In many cases, business owners are not in the technology industry but have to assess how to take advantage of it and apply it to their company.
Our philosophy with the venture studio is to create a symbiotic partnership with a business owner, his or her leadership team and staff and our team. We first help the business owner identify a core opportunity which will be better served if done in a protected “box” which contains a clear entrepreneurial mission, key financial and human resources and access to the corporate systems. The goals of this opportunity are defined in terms of business and technical metrics, and the entry and exit criteria are clearly defined. We take leadership of this venture on behalf of our customer, deliver on the goals and then transition it back to the company for scaling and further growth.