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In this week's episode of Inside Outside Innovation,\xa0Brian Ardinger\xa0talks with\xa0Christopher Bailey and\xa0Kim Bullock with ExxonMobil. They discuss successes and challenges of innovating in a large corporation.\xa0Christopher and Kim will also be speaking at the Back End of Innovation Conference in Phoenix, AZ on Oct 17-19, 2018.\n\n\nKey strategies and lessons they learned include:\n - Create space for idea creation and tools to process.\xa0\n - Protect people and their time from their existing roles.\xa0\n - Train the managers of intrapreneurs on how to treat them differently.\n - Teach the right senior\xa0leadership\xa0how to understand innovation.\xa0\n - Develop a VC board/Accountability model to guide investments in new ideas.\xa0Innovation teams return for more funding and identify what they need to learn.\xa0\n - Try smallest versions of everything and then iterate, but be prepared to kill or park ideas that don\u2019t move.\xa0Need clear decision points. Killing ideas was a considerable hurdle to get past.\xa0\n - Use data to validate every step.\xa0\n - Create internal education opportunities like a podcast.\xa0\n\n\nAt the BEI conference, Christopher and Kim will share more of their journey and stories through a two-hour workshop.\xa0They want people to leave with information they can use. Key ideas will include:\n - Understand healthy tension between intrapreneurs and leadership.\xa0\xa0\n - Employees can\u2019t work differently when they use the same old tools.\n - New innovation teams can\u2019t be treated as they always have.\xa0\n\n\nIf you\u2019d like to connect with Christopher Bailey and Kim Bullock and learn more about their Innovation initiative, message them on LinkedIn.\xa0\n\n\nIf you liked this episode, you might also enjoy Ep 100 - Tom Bianculli with Zebra and Ep 83 - Navin Kunde with Clorox\n\n\n\n\nGET THE LATEST RESOURCES\n\n\nGet the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events.\n\n\nSUBSCRIBE For information regarding your data privacy, visit acast.com/privacy