![]() At Ford’s Palo Alto Research and Innovation Center the main question is how does a Dearborn car culture steeped in tradition and mechanical engineering embrace a vehicle that can not only drive itself without a combustion engine, but also record and digitally communicate its own history, continually have its intelligence improved, and won’t roar when you step on the peddle? In addition to traditional car competitors, the traditional auto industry is facing disruption from profitable Tesla, whose electric cars not only partially self-drive but are also already connected to the internet. In short, the choice is to risk failing with innovation or fail for sure without it. Once they have set up a lab or joined an incubator in Silicon Valley, the issues back at the home office are how to overcome inbred risk tolerance, stagnation, and cultural resistance. It is that big corporations don’t understand how Silicon Valley works.ĭespite not understanding how Silicon Valley works, hundreds of corporations have started Silicon Valley innovation labs because they know that digitization is rapidly changing everything, and their corporate cultures are too siloed, insular, slow to accept, slow to use, and slow to commercialize the innovation they desperately need to survive. But the common theme among the SV innovation labs, venture capitalists, and start-ups at The Conference Board’s 6 th Annual Innovation Master Class hosted at the storied Xerox PARC innovation lab last week was simple. They know the reputation, the high-tech giants, the casual dress, the innovation that fails and succeeds in SV and the unicorns. Many business leaders don’t get Silicon Valley. Human Capital Benchmarking & Data Analytics.2023 Merger Integration Conference - New York.Diversity, Equity and Inclusion Conference.
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