Innovation is no longer an elective, but is now part of the core curriculum for success. See how the best companies are using their hunger for change to conquer the challenges of innovation.
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Audience 1: In the early days of the Internet bubble, it was said, and this is, I know, an oversimplification, but it was said that all you needed was a few PowerPoint slides and a half-baked business plan, and you would get lots of money. Then came the crash, and now to move forward to 2007, th...
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To find companies to work with, Komisar engages in a sort of dating process. First, the company has to be referred to him by a trusted source. Second, he holds a meeting in order to get to know the person and find out what they are trying to do with the business. Komisar is only inter...
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Yeah, you know, there is this machismo in the venture business, the entrepreneurship business about being able to take a company public and then growing into some huge public company ala Bill Gates. And those stories are wonderful stories when they happen. But the reality is that it tak...
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Debra Dunn, former vice president of strategy and corporate operations at Hewlett Packard, and Randy Komisar, partner at Kleiner Perkins Caufield and Byers, believe that leadership skills and the ability to handle change comfortably are the key characteristics that have been useful in their resp...
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You know, maybe you could give the example of TiVo, how that--which was not a Kleiner project, but it came to you in one form. Because--I think we talked about this a lot--an idea starts one place, but where you end up can often be very different. Randy Komisar: Well, TiVo, when TiVo c...
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So Randy, the first thought I want is, you’re a big believer in big ideas. And we've heard the businesses you've been involved in. And I guess my first thought would be, do you still see big ideas coming? I've always thought that you could be pretty darn successful taking the next incremental st...
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The role of the Virtual CEO is peculiar to Komisar and his own strengths and weaknesses. It was created as a way to bring together his diverse experiences in some kind of a flexible role that includes helping to guide emerging leaders and nurture emerging companies.
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Komisar explains that consultants are not in the position of obtaining the level of intimacy with a company that builds confidence in decision making. Strategy consulting exists because senior management wants their strategy to be accepted by a board of directors. Contrastingly, Komisar’s role i...
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Audience 3: What makes you tick? What do you look forward to? Randy Komisar: Well, my career and my life makes a lot more sense in the rear-view mirror than it does in the windshield. I don’t have any real strong sense of direction. [Laughs] I tend to get excited about things and do them. I te...
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According to Komisar, creating visibility and driving sales are two different tasks. Marketing channels are pretty well honed, but driving sales requires more attention. As an entrepreneur, you play a large part in creating the demand for your product and Google is not going to do that...
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Komisar explains that there is no balanced life in being a CEO. It is a 24/7 job and is all-consuming. After being a CEO, Komisar decided to cut back and bring his life back into balance so he could have time for all the things he enjoyed. It is essential to stay ethical and never put y...
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