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24Idea –start up model in big organization
Mateja Panjan, Front End Leader, Future of Work researcher and developerTomaž Rakar, Agile Transformational Leader
London, October 18th 2018
2 | Danfoss Digital Transformation
26,645Employees
WORLDWIDE SALESin more than 100 countries
72 FACTORIESin more than 20 countries
Key facts
USA, CHINAAND GERMANYTop three markets
PRIVATELY HELDOwnership
NORDBORG,DENMARKHeadquarters
3 | Danfoss Digital Transformation
#2 Market position
Business segments
32%of Group net sales
• 6,815 employees• 22 factories in 11 countries• 13.9bn DKK sales / 1.9bn EUR
#1 Market position
• 6,396 employees• 13 factories in 10 countries• 11.9bn DKK sales / 1.6bn EUR
#2 Market position
24%of Group net sales
• 4,652 employees• 11 factories in 7 countries• 10.3bn DKK sales / 1.4bn EUR
#1 Market position
• 5,339 employees• 26 factories in 12 countries• 7.3bn DKK sales / 1.0bn EUR
27%of Group net sales
17%of Group net sales
DANFOSS POWER SOLUTIONS
DANFOSS COOLING
DANFOSS DRIVES
DANFOSS HEATING
4 | Danfoss Digital Transformation
Core & Clear strategy journeyStrongly positioned to take advantage of the growth potential held by a digital future
• Invest in core business areas and divest non-core activities
• Optimize business and reduce complexity
• Increase customer value throughbest-in-class quality, reliability and innovation
• Improve and fine-tune processes everywhere in the organization
• Accelerate profitable growth by taking market share
• Further strengthening of leading positions
• Strong innovation pipeline with growth impact
• Invest in the best growth opportunities
• Best-in-industry digital customer experience
• Take the lead on connected products and services
• Take advantage of new digital technologies to speed up innovation
• One common IT architecture
5 | GMM 2018 / Lago Maggiore
GLOBAL MEGA-TRENDS
transforming our world
URBANIZATION CLIMATE CHANGE
DIGITALIZATION ELECTRIFICATION
FOOD SUPPLY
6 | Danfoss Digital Transformation
And also the World of Work is changing
• Longer working lives
• Diverse workforce
• Changing jobs
• Networks
Inspired by Gratton, Lynda, Scott, Andrew (2016): The 100-Year Life, and Gratton, Lynda (2011): The Shift.
AUTONOMY
MASTERY
PURPOSE
GIVE
EMPLOYEES MORE OF A
VOICE
MENTORS
SUPPORTING TEAMS
SPONSORS SUPPORTING
TEAMSin
100 daysafter 24Idea
BUILDING ENTREPRENURIAL
SPIRIT
15+ eventsSlovenia, China, Denmark, Russia
40+
approved ideasout of 120 proposed
15+
Ideas currentlyrunning
2 patents
4 NPD‘s
Danfoss Digital Transformation15 |
Danfoss Digital Transformation16 |
Open Co-creation
with partners
and customers
Man on the Moon
Global innovation
program
24Idea Events
Digital Incubation Hubs 2017
Danfoss Digital Transformation17 |
Danfoss Digital Transformation18 |
The 4 cornerstones ofAgile Development
@Danfoss
Danfoss Digital Transformation19 |
Benefits from Agile Development
• Clear improvements of time-to-market – up to 50% faster
• Highly motivated teams, focused on business and speed
• Higher level of management satisfaction with project performance
Danfoss Digital Transformation20 |
Key levers to help meet our targets
SPEED LEVERS
• Risk focus
• Early supplier involvement
• Accelerators (e.g. simulation tools, 3D print)
• T-shaped people behavior
• Just-do-it attitude
• Run the business like your own
GROWTH LEVERS
• Focus on validating keyassumptions
• Customer involvement
• Sprint demos
• Readiness to change
• Go/No-go decisions
INVEST IN ORGANIZATIONALCULTURE
EXPERIMENT
COLLABORATE
FOCUS ON CUSTOMERS
BE ENTREPRENUR AND SHAPE THE WORLD AROUND YOU
26 | CORE & CLEAR / GOING GREAT
