Telecom forming new 'Digital Ventures' team

Forums › Spark New Zealand (including Skinny and BigPipe) › Telecom forming new 'Digital Ventures' team

surfisup1000

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#115826 8-Apr-2013 15:49

Perhaps come up with 'Ferrit' v2.0 perhaps?

Or, maybe another AAPT type investment?

One thing about Telecom, they've been rather poor at developing new business lines.

Generally Telecom has not had great CEO's. Sure, they get competent CEO's who can keep the company ticking, but no one deserving of multimillion dollar pay packets.

I'll put my money on nothing really coming of this. Guess they've got to try though.

NonprayingMantis

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#795102 8-Apr-2013 15:59

it is the nature of an incumbent business in any industry to be not very good at innovation and developing new business models. too much beaurocracy, red tape, protection of existing revenues etc

I can think of very few businesses that have successfully adapted to a highly disruptive shift in the market, but lots that haven't.

forming a separate business unit with it;s own budgets, people, capex and giving it the freedom to act more as a startup is one way to avoid all the baggage that comes with trying to innovate on the titanic, but by no means guarantees success.

interesting to see what comes out. NBR suggests TV (a no brainer)

BarTender

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#795118 8-Apr-2013 16:36

Sharks with lasers?

boby55

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#795133 8-Apr-2013 16:57

surfisup1000: Perhaps come up with 'Ferrit' v2.0 perhaps?

Generally Telecom has not had great CEO's. Sure, they get competent CEO's who can keep the company ticking, but no one deserving of multimillion dollar pay packets.

I would have to disagree, Paul Reynolds was one of the best CEO's they've had imo

Yyrael

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#795136 8-Apr-2013 17:00

I believe Skinny will be under Digital Ventures so take that as you will