You’re tired of buying companies started by ex-employees who found a problem worth solving but didn’t have the time, mandate and support to solve it in-house.
Consequently, you initiate an “innovation unit” to build new biz and secure market position using your competitive advantage as an established player.
Instead, you end up producing expensive initiatives that are disconnected from the core business. Eventually, you devise an arbitrary PR- and branding value or simply close it down and write off the expenses.
Along the way you discovered that current employees;
You can do anything, but you can’t do everything.
Keep that in mind the next time you’re starting an all-nighter to reach the bottom of your endless todo-list.
Big wins that actually push the business forward often come from changes in the way, you offer your product or understand your customers.
Getting the foundation right is crucial.