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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