Page 130 - Grow from Within Mastering Corporate Entrepreneurship and Innovation
P. 130

Emerging Models of Corporate Entrepreneurship           117


              the better part of a year to make a hire. Daru wanted people with
              a strong background in IT technologies, but not with in-depth
              expertise in any one. These people were not expected to be the
              sources of new technology. Instead, they would need to be able
              to interact with the broad IT ecosystem, develop an overview of
              a given area, and quickly understand the trade-offs among the
              available options. He also wanted most of the people reporting
              to him to have experience in a business area of BP: exploration,
              oil and gas production, refining, retail marketing, or some other
              area. Ideally, he wanted to have at least one person from each
              major BP business area. About a quarter of the team would be
              outside hires, bright people in an IT field with at least 20 years of
              significant experience. They would learn the oil business at BP.
                 The early years of the CTO office were characterized by exper-
              imentation and learning as it defined its roles and processes in
              connecting the external IT ecosystem with internal BP business
              unit needs. The team initiated relationships with IT suppliers,
              research firms, consultants, academics, venture capitalists, gov-
              ernment agencies, industry groups, and major customers. Rela-
              tionship building with the ecosystem was critical, as the CTO
              office could not drive IT-based innovation without knowing the
              IT industry pipeline. The CTO office discovered that these exter-
              nal players were typically happy to engage with BP, as the com-
              pany provided a “real-world” opportunity for vendors to apply
              their products and build relationships with BP’s internal experts.
              For its part, the CTO office committed to arriving at its decisions
              quickly and providing constructive feedback if the projects did
              not go forward, which stands in stark contrast to the typically
              complex, time-consuming negotiations with many other large,
              global companies.
                 At the same time, the CTO office also had to begin engaging
              senior BP leadership; it was committed to doing more than just
              “pushing” technology solutions to business units. Rather, it had
   125   126   127   128   129   130   131   132   133   134   135