C-Circle – Creating an Innovation Culture

Date: Thursday, May 10, 2018
Time: 8:00am-10:00am
Location: Deutsche Bank Labs
Silicon Valley
2650 Birch Street
Suite 150
Palo Alto, CA 94306


Are you a CEO or other C-level executive and wish to request to be part of these events?

 

ACG Silicon Valley’s C-Circle, now in its eighth year, proudly announces that it has attracted a following of approximately 400 CEOs and C-level executives and achieved a regular attendance of 35 executives per session.

Topic

Creating an Innovation Culture

Innovation is the lifeblood of entrepreneurship. Research by McKinsey revealed that 94% of surveyed executives were dissatisfied with their company’s innovative performance. A recent landmark study from Cambridge University discovered that innovation success is primarily dependent on corporate culture. In this study of 800 companies across 17 cultures, company culture was the single greatest determinant of innovation success. Process, star hires, IT, collaboration tools, R&D spending, budget, and team education levels, were much less important. However, developing a culture of innovation, especially radical innovation is one of the most challenging tasks facing companies in the current environment.

Please join us for a stimulating discussion on building a culture of innovation including the following:

  • What are some of the key characteristics of companies that innovate well?
  • How does one get started in building an “innovation culture”?
  • What are the key steps?
  • How does one create the conditions that lead to sustained innovation?
  • Who in a company should be involved in innovation?
  • What are the tools that can foster innovation?
  • What are the practices that foster innovation?
  • Can company policies make a difference?
  • How are these made part of the culture?
  • What are the obstacles to innovation in an organization?
  • What areas of change can have the biggest impact?
  • How can one harness the distributed creativity inside and outside of an organization?
  • Should a company create a set of guiding principles that becomes “the way” things are done here or does that stifle creativity?
  • Certain experts recommend that a company redesign how meetings are conducted, projects reviewed and signed off, people appraised, do these steps work?
  • How does one turn great ideas into innovative products?
  • How does innovation conflict with a manager’s obligation to ensure optimal performance in the company’s core activities?
  • Should R&D be centralized or de-centralized?
  • How should “mavericks” be treated?
  • How are natural innovators identified?
  • Should they be given permission, budget, time and space to do their thing?
  • How should the company’s innovators be incentivized?
  • How can a company utilize external sources of innovation such as R&D companies, start-ups, joint ventures, etc.?
  • Do acquisitions inject creativity into an organization?
  • What is the role of leadership in creating an innovation culture?

Guest Expert

 

Mukul Agarwal

Founder & CEO
BootUP Ventures

Mukul Agarwal is the Founder and CEO of BootUP Ventures, a leading Silicon Valley based ecosystem focused on Startup Acceleration, Corporate Innovation and Coworking spaces.
He is an advocate for the entrepreneurial and Innovative spirit and believes entrepreneurship is the only solution to unify the world as it transcends Race, Religion and Country.

Mukul has been named by Entrepreneur magazine as one of the 50 inspirational Entrepreneurs to lookout for in 2017, Adweek.com mentions him as “25 Socially Strong Entrepreneurs Every VC Should Be Following”, BootUP through its ecosystem has been involved with over 110+ companies who have raised more than 400 million in investment and have a combined valuation of over 4 billion. BootUP has over 50 coworking locations globally and runs programs to help scale startups and works with Corporates to Innovate.

 

Moderator

 

James C. Chapman

Partner
RIMON P.C.

Jim is a partner at Rimon P.C. where he focuses his practice on securities law, venture capital, mergers and acquisitions, and international business transactions. He counsels publicly traded and privately held clients on public offerings, private placements, debt financings, venture capital transactions, mergers and acquisitions, and related transactions. Jim also represents venture capital firms, angels, and family offices in their investments. With 30 years of experience in corporate and securities law, he has represented clients in over 300 mergers, acquisitions, and financing transactions.

Although he has been involved in transactions all over the world, Jim was also an early pioneer in representing companies in cross border transactions between the US and China. These transactions include both assisting Chinese companies investing and raising capital in the U.S. and helping U.S. enterprises acquire Chinese companies, transfer technology, enter into joint ventures and operate, in China. Jim has also been involved in negotiating resolutions to some of the most high-profile disputes involving US companies operating in China.

Jim’s US-China experience extends to a wide variety of industries including media, mobile, software, semiconductor, alternative energy, nanotechnology and pharmaceuticals. He has been recognized by Finance Monthly Global Awards, ACQ5 Global Awards and Corporate Live Wire as “China Investment Attorney of the Year” for 2015, 2016 and 2017 and by Corporate Intl Legal Awards and Global Law Experts as “China Investment Attorney of the Year- California” for 2015 and 2016. Prior to joining Rimon P.C, Jim was a partner with Morgan Lewis & Bockius LLP, a leading international law firm.