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Azita Arvani, Head of Innovation Partner & Venture Management, Nokia
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Azita Arvani, Head of Innovation Partner & Venture Management, Nokia
1.
© 2018 Nokia1
Public Strategic Innovation: Stories & Practices from The Trenches Azita Arvani Head of Innovation Partner & Venture Management
2.
2 © 2018
Nokia Disciplined execution for successful integration and transformation 150+ years of successful reinvention 2018201620142012 Acquired Motorola Solutions wireless networks Created Nokia Technologies Pulp, Paper, Rubber, Early Bell System products, Mobile phones Launched Networks transformation plan Sold Devices & Services Acquired Alcatel- Lucent Sold HERE Acquired Gainspeed Acquired Deepfield Acquired Comptel Created Nokia Shanghai Bell Acquired Unium Public Acquired SpaceTime Insight
3.
3 © 2018
Nokia Nokia’s unrivalled diverse track record of innovation in scale and speed Public Patent applications (in 2017) Nobel Prizes Turing Prizes Grammys Emmy Oscar 1300+ 8 3 2 2 1
4.
4 © 2018
Nokia Collaborative Innovation ContemplationsCulture
5.
5 © 2018
Nokia What makes up a truly innovative company? “Culture eats strategy for breakfast” Peter Drucker “More important than any of the individual elements, however, is the role played by corporate culture — the organization’s self-sustaining patterns of behaving, feeling, thinking, and believing — in tying them all together.” Strategy& Innovation Survey 2011 Public PWC Study 2017
6.
6 © 2018
Nokia6 © 2018 Nokia Key elements of Innovative culture Public Culture Entrepreneurial Uncertainty & Risk Act Fast Agile & MVP Collaborate & Compete Change World & Make Money Open flow of people & Information
7.
7 © Nokia
2017 Public
8.
© 2018 Nokia8
Public Patience is Virtue “Make bold investment decisions in light of long-term leadership considerations rather than short- term profitability considerations. “ Amazon corporate governance
9.
© 2018 Nokia9
Public Strategy Not Enemy of Agile Bottom Up Top Down
10.
10 © Nokia
2018 Collaborative Innovation ContemplationsCulture
11.
© 2018 Nokia11 Collaborative
Innovation Make FOMO work for you To keep our edge, we must constantly explore new technologies, new business models and new processes
12.
12 © 2018
Nokia “The Third Wave Three P’s to succeed: Partnership, Policy and Persistence “The entrepreneurs of this era are going to challenge the biggest industries in the world, and those that most affect our daily lives.” Public
13.
13 © 2018
Nokia Turning Outsiders into Collaborators Public “… successful innovation ecosystems create virtuous cycles of external creativity, which drives internal adaptation.” ‘This is the real IP — not “Intellectual Property” but “Innovation Partnerships.” ’ Toyota helping suppliers scale Netflix fostering content producers YouTube Space for external collaborators Source: Harvard Business Review, by Michael Schrage, April 30, 2014
14.
© 2018 Nokia14
Public Select Nokia Collaborations Business Development & many more
15.
Our disruptive approach
with partners From an Evolution to a Revolution of the Supply Chain Public© 2018 Nokia15 Smaller, agile, and modular factories… anticipating the fast-changing manufacturing needs of the future
16.
16 © 2018
Nokia Joint innovation scouting with TIM Public Pioneering partnership since December 2015 • Joint scouting of innovative start-ups and initiatives • Partnership for innovative offerings • Field deployment of systems, solutions and services • Acquisition of technologies & companies
17.
© 2018 Nokia17 Bridge
Big Entities and Startups Expectations Reality Public
18.
© 2018 Nokia18
Public Big Company is Like Europe Image: Wikitravel
19.
19 © 2018
Nokia© 2018 Nokia Establish Phased Metrics for Innovation Projects Public Problem Traction P&L
20.
20 © 2018
Nokia Incentives for Time To Market Public
21.
21 © 2018
Nokia Accountability for Rejecting Outside Innovation Public
22.
© 2018 Nokia22
Public Do Not Overpromise!
23.
Nokia 2018 Find a
Champion Public INNOVATION
24.
24 © 2018
Nokia Public
25.
25 © 2018
Nokia Factor in Industry specific peculiarities Public
26.
26 © 2018
Nokia Collaborative Innovation ContemplationsCulture
27.
© 2018 Nokia27
Public Timing is Everything…
28.
© 2018 Nokia28 4
TB/day Public Explosion of Data in All Industries … estimates by 2021 1 PB/day 1.9 GB/day 3 TB/day 5 TB/day Source: Intel
29.
© 2018 Nokia29
Public 5G Enabling Revolutionary Use Cases Automotive Health Events and tourism Industry 4.0 Mega cities Homes and buildings People & Things
30.
© 2018 Nokia30 …and
we need to rethink the connectivity Value in IoT is driven by industrial automation 5G World 2018 IoT Value Creation Estimated2025 value creationpotentialof theIoT - McKinsey Global Institute Time Area of uncertainty 2019 2020 Enhanced mBB Ultra speed Internet HD & UHD services New monetization 4th industrial revolution Digitization Automation Flexible production Disruptive new experiences e.g. Haptic Internet NWrequirements Acceleratingspeedof change 2022 Unrealistic Factories Worksites Cities Logistics & Transport Health ($B)170 37001210 930 1660 930 560 1590 Low estimate High estimate 160 850 Public
31.
© 2018 Nokia31
Public 5G: Huge Force Multiplier for AI Massive machine communication Extreme Mobile Broadband Critical machine communication 5G >15 years on battery 100 Mbps wheneverneeded Ultra Reliable < 10-5 outage 1.000.000 devices per km2 10 000 x more traffic mMTC ultra low cost >10 Gbps peak data rates <1 ms radio latency Zero mobility interruption Range 164 dB MCL
32.
32 © 2018
Nokia • Cultivating culture to empower growth • “Startups” in big organizations • Strategic planning with agile make-over • Collaboration evolving forms and practices • Art & science in partnering across large and small companies • Key technologies to dramatically force multiply Summary Public
33.
Azita Arvani Head of
Innovation Partner & Venture Management
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