Real Innovation - Real Results

5 - New Venture Start-up

 

 

Situation

 

    • $15+ B high-tech company faced strategic shift in rules governing use of assets; decided to create a new business line to adapt to shift

    • New venture business leader was named, but staffing could not follow quickly enough

    • Had to orchestrate a key external conference with short lead time to attract a network of hardware and software partners

    • No plan in place for building the new business line in year 1

 

Actions Taken

 

    • Created a comprehensive work plan to build a new business from the ground up
    • Put OakStone team in place to serve as interim staff to prepare for conference and to execute the work plan
    • Orchestrated and project-managed the key hardware and software partner conference
    • Wrote the business plan for year 1
    • Wrote the staffing plan for year 1
    • Served as trusted advisor to help improve the success of the new business leader

 

Results

 

    • The conference attracted hundreds of hardware and software partners and was deemed very successful by the new Business Leader and CEO
    • Business plan was adopted by the new Business Leader and was successfully socialized with the parent organization
    • Staffing plan was implemented and the OakStone team orchestrated a successful transition of duties
    • New venture has grown into a large successful business


New Venture Start-up