Dave Blakely’s Post

PART #2 - In my last post (https://bit.ly/4aKqpJG), I had promised to provide an update on our continuing efforts to develop capabilities, at scale and velocity, for our #failButFailFast internal ventures. Beyond our leadership teams, we needed our venture teams and enabling functions, to understand, practice and implement a discipline approach towards #ideation, proof-of-concept generation, commercialization and #ScalingUp of new ventures. My colleague and New Venture capability specialist, Anurag. S worked extensively with the Mach49’s Growth School (https://bit.ly/4aUuH1e), to leverage their battle tested internal #NewVenture development methodology (along with the fantastic set of #tools, #templates and thinking frames that help accelerate new venture development). Our goal for venture teams and enabling functions took the shape of 2 masterclasses delivered in early May by Mach49 veterans Dave Blakely, Amos Manasseh and Marcel Lamers – the New Venture Masterclass, was aimed at intact Horizon 2 workstream teams and focused on developing a comprehensive understanding (and disciplined application) of Mach49’s internal venture development methodology. We then played out the Advocate Masterclass, bringing together those who worked in the ‘#mothership’ but provided timely advice, approvals, execution and support for venture teams – #HR, #Finance, #Procurement, #Legal, etc. This group took the ‘a day in the life’ approach to understand the expectations, lifecycle, and challenges of shaping and operating a new venture. The resulting #empathy and #insight was used to create a low friction approach for supporting new ventures. The Masterclasses taught us to be razor sharp in our thinking – I can still hear Dave Blakely’s voice, telling us to “write one complete idea on a sticky note, nothing more, nothing less”! Teams also had the opportunity to explore Mach49's cutting-edge #AI tool that simulated #CustomerPersonas and allowed us to conduct synthetic interviews to understand customer pain points. This clear use case of #AI in #IdeaValidation allowed teams to move faster without sacrificing the approach. We are incredibly excited about the momentum we've created and the possibilities that lie ahead as we continue to foster a culture of #Intrapreneurship at Dr. Reddy's Laboratories. Want to talk about a similar challenge? Anurag. S and I will be happy to share our learning in greater detail.  Stay tuned for more updates on our journey towards building a #future where #GoodHealthCantWait! #DrReddysLaboratories #FutureCapabilities #LifeLongLearning #OnStrategy #Horizon2 #InternalVentures #learninganddevelopment #Startup #NewVenture #CapabilityDevelopment #LearningExperience #InnovationCulture #40yearsofDrReddys #WeAreDrReddys Dr. Swatee Sarangi Debasis Rath Shiksha Pathak Adiba Ahmed Sumana Kandukuri Syed Shakeer Basha Himanshu Yadav Vishal Shankar Poonam Narang Devesh Awasthi Tapanjeet Singh Makker Aaron D'Souza SHRM SCP Linda Yates

When is the last time you spoke to one of your customers? To get to the root of #CustomerPain and develop a disruptive solution to it, Dave Blakely underscores the importance of genuine human interaction. 🎥 Don't skip his wisdom in our #VentureTable series, which unveils a new video every weekday in May. Rich Karlgaard Clement Wang Monifa Porter Kevin Ye #VentureDrivenGrowth

Who is best placed to venture, startups or legacy companies? Today I read on WIRED (link in comments) an interview with Capita's Mark Lambert, who is making the contrarian point that actually legacy companies are the best placed ones. The picture below is taken during a visit to Mach49's Dave Blakely and Joseph Hawayek, who have a similar strong belief and impressive track record. There is a unicorn within your organization. IF... and that's a big if.. it manages to let the venture grow and be unleashed. It's been on my mind since the visit. And I have had loads of talks with people about it. They sometimes agree, they are sometimes sceptic, and sometimes outright dismissive. Still, intuitively it makes so much sense. Corporates have so many things going for them. Resources, talent, experience, systems, etc. On the other hand, we are probably all avid users of services that didn't even exist 10-15 years ago. So I'm going to research this more coming period. Starting here in The Netherlands and EU. How innovative are corporates versus startups? How do they organize for success? What can we learn from the best cases? But also from the unsuccesful ones? Really keen to learn more about this fascinating topic. Would greatly appreciate any insights, research findings, or expert recommendations you might have. If you have thoughts on the topic or know someone knowledgeable, please share!

Imagine unlocking new businesses hidden inside iconic brands... It’s a dream I’ve had for more than a decade. Since way back when Bre and his father Chuck showed me the art and science of building a beloved brand around an engaged community of makers with MakerBot. And since then every step of my career has been a marriage of my two obsessions: Building startups + building brands. And thanks to Dennis List I joined Mach49 nearly two years ago where I’ve been able to do this on the daily. But a few months ago, our fearless Chief Brand Officer, Shane Ginsberg, asked if I wanted to join a mission: What if we helped arm insurgent brand leaders to rejuvenate iconic CONSUMER brands? Leveraging Mach49’s proven methodology, and assembling an Avengers-like team of rockstars, to help brands uncover hidden growth opportunities. And more importantly—manifesting the most viable opportunities into reality! 10 years in the making, it’s a dream come true. I’ll be showing up and sharing more about the journey as we go. Shoutout to Shane Ginsberg Clement Wang Janet Kang Nils Beers Valerie Hoecke Chris T. Linda Yates Monifa Porter Henrik Rydberg + so many more! We’re all buckled up, ready for this wild brand adventure! If you want to learn more, dropping a link in the comments. And if you wanna chat, HMU 🤠 — P.S. Repost this ♻️ if you think it'd help your friends 😎

For the past 18 months, Invisible has worked with top AI researchers, generating millions of high-quality human data points. In that time, we have developed deep expertise in: - When human-generated data is key for building foundational generative AI models - The challenges that come with generating and managing that data - How human data helps build smarter, safer models fast Written by: Lydia Andresen, Johnny Borbone, Hayley Darden, Grace Kay Matelich, Kamron Palizban,▪️ Cameron Partridge ▪️, and John Patricio Read the whitepaper to see our learnings: https://bit.ly/49JtZDS

Join us on January 24th at 10am PT for a deep dive into the future of mobility. We'll explore the good, bad, and the ugly of mobility venture capital in 2023 and what 2024 might hold. Industry leaders representing venture capital, innovation, research, and venture building will discuss the role infrastructure investments play in meeting electrification goals, future perspectives on micro-mobility, and how venture-driven growth can drive mobility forward faster. Don't miss out, register today: https://bit.ly/3RE7MiY #Mobility #Innovation #VentureCapital

Hear from industry leaders and venture builders on what to expect from the mobility space in 2024. Hear about the impact of legislation on mobility innovation, infrastructure investments to meet electrification goals, the future of micro-mobility, venture-driven growth in mobility, and a review of mobility VC in 2023 and the outlook for 2024. 🗓 January 24, 2024, at 10:00 AM PT 💻 Driving the Future of Mobility 💡 Insights from industry experts with experience at Ford Motor Company, the Center for Automotive Research, Ibex Investors, and IDEO. #mobility #innovation