Ep. 137 - Deloitte's Michael Frankel on Growth, Hybrid Talent & Corporate/Startup Collaboration

Published: March 5, 2019, 1 p.m.

Michael Frankel is the Managing Director of Deloitte\u2019s New-venture Accelerator, a strategy and operations team for new business models. He believes people need to disrupt themselves continually or they will fall behind.\xa0\n\n\nEmergence of the Hybrid\xa0\nThe broader trend of the journey from human to tech is\xa0not happening instantly. Things that require judgment and strategy, need a hybrid solution. A lot of technology has moved ahead of the user\u2019s ability to use them. For example, we\u2019ve digitized everything, because companies wanted the data. Now they are suffering from death by data.\xa0Talent profiles, of those better at adapting, are the Connector and Implementor. These are people who can be super users and use the info to solve a business problem. Product managers are critical with the adaptability to collaborate across technologies.\xa0\n\n\nTechnology that improves Human Life\nConceptual technology that improves human life is an area Michael is excited about.\xa0AI, RPA and machine learning can solve a concrete problem in areas we can drive metrics from.\n\n\nCorporations & Startups\nCorporations interacting with startups is a great challenge. They have mirror image problems. Hard to self disrupt for the corporation. Interacting with startups helps corporate think differently and break the rules. Startups have a blank sheet. Both can benefit from each other. Tactics to collaborate: 1 ) Align your innovation and corporate venturing efforts with people who know sector. 2) Create an environment that allows you to interact. Startups want to talk to people that know the space and can give advice and access.\xa0\n\n\nFor More Information\n\n\nFind Michael Frankel on LinkedIn or at www.michaelfrankel.net.\xa0\n\n\nYou might also be interested in his publications:\n\n\n - Mergers & Acquisitions Basics The Key Steps of Acquisitions, Divestitures, and Investments\xa0- 2nd\xa0Edition\n - Mergers & Acquisitions Deal-Makers:\xa0Building a Winning Team - 2nd\xa0Edition\n\n\nIf you liked this episode, you might also enjoy:\n - Ep. 118 \u2013 ExxonMobil\u2019s Christopher Bailey and Kim Bullock on Corporate Innovation\n - Ep. 115 \u2013 Doug Branson, Author of The Future of Tech is Female\n - Ep. 112 \u2013 Ralph Welborn, Author of Topple on Corporate Innovation\n\n\nFind this episode of\xa0Inside Outside Innovation at\xa0insideoutside.io. You can also listen\xa0on\xa0Acast,\xa0iTunes,\xa0Sticher, Spotify, and\xa0Google Play\n\n\nFREE INNOVATION NEWSLETTER\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 HERE For information regarding your data privacy, visit acast.com/privacy