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Enron Mail |
Greg,
After our discussion yesterday, thought you might be interested in presenting our views on corporate venturing. This was an invitation for Jeff, but he will be in a San Fran meeting and won't be able to make it. Cheers' Hamd Alhamd Alkhayat ENRON CORP. +1(713)853-0315 ----- Forwarded by Alhamd Alkhayat/NA/Enron on 12/06/2000 11:27 AM ----- "Herrin, Angelia" <aherrin@hbsp.harvard.edu< 12/06/2000 11:04 AM To: "'alhamd.alkhayat@enron.com'" <alhamd.alkhayat@enron.com< cc: Subject: A new and update version!!!!! Mr. Alkhayat: Thank you for talking with me earlier. Enron's innovative corporate venturing is a key part of one of Harvard Business School Publishing's new best-sellers, Gary Hamel's "Leading the Revolution." Now, we're eager to extend that conversation about innovative strategy approaches with an upcoming conference in New York We've targeted a small group of leaders to come together to talk about strategies for innovative programs that contribute to the corporate bottom line, both financially and strategically. We're calling this one-day conference Corporate Venturing: Strategic Investing on Innovation's Edge. Ken Chenault, the COO and president of American Express and Michael Ruettger, the CEO of EMC have both agreed to be part of the program, which is now scheduled as a half-day gathering on Thursday, Feb. 8. We would very much like to have Mr. Skilling be a part of a panel/roundtable discussion about ways corporations are exploring new technology and markets, generating new business and creating new value. Mr. Skilling's experience in Enron's strategic venturing "from the inside out" would be a particularly valuable part of the discussion. This is going to be a small conference, limited to about 50 to 75 attendees in the audience, so there can be lively discussion. I know I speak for HBSP and for our co-sponsor, Bain & Co., that Mr. Skilling would be an important part of what is shaping up to as a very interesting conference. We at HBSP believe this newly-launched conference series will become an important part of our publishing and content development. Let me know if I can supply more information. Attached are our "thought outlines" for topics that the panel would discuss. Angelia P.S. The panel line up now includes, Paul Guehler, VP of R&D at 3M, Rich Bressler, CEO Time Warner Digital, Henry Chesbrough of HBS, Susan Mayer, President MCI WorldCom Venture Fund, Brenda Gavin, President SR1 Fund, SmithKline Beecham, Petra Koselka from Shell. We apparently have a commitment from Cargill, but it's not in final final confirmation! Agenda Corporate Venturing Strategic Investing on Innovation's Edge Corporate venturing is the new engine behind the growth and revitalization of companies that need to take advantage of technology and markets, expand into new businesses and find strategic partners. The corporate venturing conference will explore the strategies for venture programs that contribute to the corporate bottom line - both financially and strategically. Strategists and practitioners will lead discussions about the best models for investing in innovation outside the corporation, as well as managing the venture to ensure success. Topics will include corporate venturing trends, managing the integration and relationship with emerging companies, when and how to attract outside capital, and issues surrounding retention, compensation and the spin-off of a corporate venturing fund. This conference, limited to 50 to 75 attendees, is intended for CEOs, COOs, CFOs, division presidents and other operating officers. Program Outline Thursday, February 8, 2001 The Four Seasons New York 7:30 a.m. Breakfast 8 a.m. Opening session A Conversation with Ken Chenault, President and COO, American Express 8:45 a.m. First Presentation: The Venture Capital Revolution: An Overview Corporate venture programs followed a start-and-stop pattern of growth over the last 25 years. But in the past decade, the number of corporate funds and the size of their investments skyrocketed. What is behind these dramatic changes, as corporations move to harness the venture capitalists' model. Why should "outsourcing innovation" be a part of your growth strategy? 9 a.m. First Panel The Strategic Venture: When to Reach Outside Corporate venturing is a complex undertaking. Research shows that success depends on carefully targeted planning to integrate R&D strategy functions and the corporate venture. This panel focuses on these questions: * When do you know it is time to set up an independent business? * How do you think about venturing vs. expanding your core business? * How are companies in every industry using corporate venture capital as a tool to identify and develop new products ahead of the competition, as well as create new partnerships? * What are the key measures successful companies use to determine where and how dollars are invested in outside innovation? How can decisions about what NOT to invest in shape the funds direction? * How do successful companies balance the competing demands for fast direct financial return versus long-term indirect gains in R&D? * What are the strategic advantages in traditional funds, partnerships with venture capitalists and hybrid forms? BREAK 10:30 a.m. A Conversation with Michael Ruettgers, CEO, EMC 11:50 a.m. Second Panel Managing the Venture: Partnerships and Opportunities A strong corporate venture program must align the activities of the innovators, operational partners and equity partners,, inside and outside the company This panel focuses on these questions: * What kind of governance and oversight relationships should the corporation build with emerging companies, to leverage innovation without stifling new ideas? * Do new technology buildouts demand a different kind of management? * How does the corporate "exit strategy" - public offerings vs. acquisition -- affect investments and partnerships? * How can an internally generated idea for a new business be "spun-out", funded and managed as an "outside venture? * How have compensation concerns put increasing pressures on corporate venture programs? Lunch HARVARD BUSINESS SCHOOL PUBLISHING Angelia Herrin Executive Editor | Conference Director 300 NORTH BEACON STREET | WATERTOWN, MA 02472 Mail: 60 HARVARD WAY | BOSTON, MA 02163 Ph 617.783.7844 | Fx 617.783.7494 aherrin@hbsp.harvard.edu Please visit our web site: <http://www.hbsp.harvard.edu/<;
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