Venture Architect Director
BCG Digital VenturesLondonUpdate time: February 5,2020
Job Description
We’re BCG Digital Ventures. Welcome.
We are an ever-growing global team of the world’s most remarkable entrepreneurs, designers, engineers, venture architects, product experts and investors. Our ventures create a strategic advantage for the most important global companies.
This is BCG Digital Ventures. Adventure awaits you…
Introducing our Venture Architect Team.
We have entered a decade of disruption of large corporate business models, driven by a step change in the power of technology and the audacity and speed of start-ups. To be fit for the future, visionary companies will deliberately re-imagine themselves by injecting or attacking established models with new ideas fuelled by technology.
Our Venture Architect Team consists of world-class business leaders, corporate strategists, product specialists and designers. Together, we are helping corporations own the next horizon of innovation.
As a Venture Architect Director, you will use your skills to:
- Demonstrate leadership across all stages of the BCG Digital Ventures business model, including innovation, product development, incubation and commercialization
Innovation:
- Lead a cross-functional team of senior professionals to build and launch new ventures, products and services on behalf of clients, adhering to strict deadlines and integrating all perspectives into a strong product brief
- Define the business model options and case for new ventures, products and services
- Develop the economic model and business plan for new ventures, products and services
- Assess internal capabilities and capacities to develop a sourcing strategy
- Quantify business value and funding models
- Define the commercial launch and go-to-market strategy
- Create the framing report (an overview and explanation of the project scope, objective and hypothesis) for new initiatives
- Collaborate with the Strategic Design and Product Development leads, as well as clients, to define a minimum viable business build (or product / service)
Incubation:
- Plan and deliver new ventures, products and services
- Collaborate with multi-disciplinary teams to ensure that product development and delivery is aligned with the launch and value scheme of new ventures, products and services
- Mobilize new venture models by defining the target state, commercial partnership construct and success criteria
- Align target state outcomes and success criteria to develop a clear understanding of how value will be created
- Adopt a lean start-up approach to building a minimum viable business and go-to-market strategy
- Outline key team roles and responsibilities across work streams
- Identify required partners for regulatory requirements or support needs
- Define the investment business case and outline key performance, measurement and reporting frameworks
- Explore and define commercial partnership options with the client, considering alternate fee arrangements as appropriate
- Work with Product and Partnership managers to identify, negotiate and secure eco-system partners to accelerate business build and launch (leveraging strategic alliances to make the best technologies available to the world)
- Oversee newly established venture teams to execute the organizational staffing, product or service development and business build efforts
- Work with Strategic Design and Product Development leads, as well as clients, to align feature prioritization with go-to-market testing
Commercialization:
- Lead the execution of agreed go-to-market plans
- Facilitate the build and testing of operational processes, systems and reporting capabilities
- Lead the preparation and negotiation of contractual agreements with suppliers, partners and regulatory bodies
- Implement an early feedback loop to enable continuous feedback, learning and iteration for ventures, products and services
- Monitor and report key business and customer success measures to clients, including regulatory reporting, celebrating successes and balancing opportunities for improvement
- Review service-level outcomes across support partners, ensuring accountability and providing feedback for change where required
- Ensure the venture team is consistently synthesizing customer and market feedback to recommend opportunities for change or improvement in subsequent releases
- Mobilize follow-on release plans with consideration to both the run and change aspects of the venture, balancing value creation with quality of product and service
- Foster an environment of innovation and customer centricity, institutionalizing agile innovation practices and a customer insight to action culture
- Scale new ventures, products or services to achieve outsized returns and profound customer and market impacts
- Execute alternate fee arrangements to ensure a celebrated outcome that secures client advocacy and referral business
Client Management (all phases)
- Engage directly with the client and new venture business units to identify continual support opportunities for BCG Digital Ventures
- Help strike the balance between clients’ needs and business requirements
- Ensure all perspectives are appropriately represented
Business Development and IP Creation (outside of Venture work)
- Contribute to business development ahead of, as well as throughout, client engagements
- Create intellectual property, points of view and industry/ topic platforms
- Contribute to the development of thought leadership across a range of emerging business, technology and design topics
- Design and facilitate co-creation sessions with multi-disciplinary client teams
As a Venture Architect Director, you will need:
- Considerable experience with strategy development, business planning and future visioning, as well as quantitative and economic modeling (preferred)
- Design or product development expertise
- A background in product prototyping and testing
- A bachelor’s degree (business, psychology, economics, strategy or equivalent from a top-tier institution preferred)
- A master’s degree (postgraduate, MBA or equivalent study) strongly preferred
- Experience in a high-pressure start-up environment with exposure to multidisciplinary teams and/or involvement with a top-tier consulting firm
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