Innovation and Disruption
Chief Innovation Officer, W.L. Gore & Associates (Gore-tex)
A serial intrapreneur, advisor to World Economic Forum and lecturer at Berkley, Paul is currently Chief Innovation Officer for WL Gore & Associates, the legendary innovator behind Gore-Tex. Paul talks about how & why companies fail with new business creation because they don’t go far enough in assembling the right business model in support of the new product or technology.
Paul leads the Gore Innovation Centre, located in Silicon Valley. Previously, he ran the Silicon Valley Innovation Centre for Schneider Electric, which was the first such facility for SE. The Gore Innovation Centre (GIC) is the first such facility at the company. At the GIC, they are revamping the innovation strategy of the company by being the catalyst for understanding and applying key techniques such as Open Innovation, Lean Innovation, Venturing, Business Model Innovation and Design Thinking. In their first few months of operation, they have already formed partnerships with and made investments in startups, the first such activities for Gore.
Paul talks about how an innovation centre can be the catalyst for adopting new techniques inside large companies by creating a place where experiments & new approaches to innovation are allowed; agile decision-making; how new technologies and business models from outside the company spur new growth opportunities inside; and how organisational structures support both agile decision-making yet tight links to core stakeholders across the company.
Long before Eric Ries wrote his book, Paul has been practicing lean innovation as a critical tool to unlock great technologies from inside the labs of large companies. By applying lean innovation principles that address the unique environment inside corporations, great ideas are unblocked and turn into large growth businesses. Paul has created a customer training curriculum on lean innovation that all innovation, technology and business leaders attended to ensure that the practice was adopted and far-reaching.