Podcast
Questions and Answers
What is the primary aim of Akbank LAB's innovation initiatives concerning tech startups?
What is the primary aim of Akbank LAB's innovation initiatives concerning tech startups?
- To avoid partnering with tech startups.
- To compete directly with tech startups in the financial sector.
- To regulate the activities of tech startups.
- To become the preferred partner for the most innovative tech startups. (correct)
Akbank LAB initiatives are built upon how many main pillars to boost the innovation ecosystem?
Akbank LAB initiatives are built upon how many main pillars to boost the innovation ecosystem?
- Four
- Five
- Two
- Three (correct)
Innovation projects at Akbank require which type of governance and operating model?
Innovation projects at Akbank require which type of governance and operating model?
- A bureaucratic and heavily regulated structure to ensure compliance.
- A completely independent model with no ties to the organization.
- A tailored, light-touch governance and operating model closely tied to the top of the organization. (correct)
- A decentralised, hands-off approach to give full control to project teams.
Akbank+ in Turkey is which type of program?
Akbank+ in Turkey is which type of program?
What methodology does the Akbank+ program follow?
What methodology does the Akbank+ program follow?
What is a key aspect of the 'Empathize' phase in Akbank+'s design thinking methodology?
What is a key aspect of the 'Empathize' phase in Akbank+'s design thinking methodology?
What do 'PoCs and MVPs' relate to in the 'Validate & Refine' stage of Akbank's innovation projects?
What do 'PoCs and MVPs' relate to in the 'Validate & Refine' stage of Akbank's innovation projects?
What figure represents the total investment made to 4 spin-offs by Akbank employees?
What figure represents the total investment made to 4 spin-offs by Akbank employees?
What is the name of Akbank's bi-weekly innovation newsletter?
What is the name of Akbank's bi-weekly innovation newsletter?
What does Akbank LAB ensure regarding innovation within the company culture?
What does Akbank LAB ensure regarding innovation within the company culture?
What is the 'Ideate' stage focused on within the design-thinking methodology utilized by Akbank+?
What is the 'Ideate' stage focused on within the design-thinking methodology utilized by Akbank+?
According to the material, how many applications did Akbank+ receive over two years?
According to the material, how many applications did Akbank+ receive over two years?
What is the stated purpose of Akbank LAB's global and local events?
What is the stated purpose of Akbank LAB's global and local events?
What is a key component of Akbank LAB's approach to fostering innovation?
What is a key component of Akbank LAB's approach to fostering innovation?
Which factors are considered during the Gate I validation phase for innovation projects at Akbank?
Which factors are considered during the Gate I validation phase for innovation projects at Akbank?
What is the total number of Launched Projects?
What is the total number of Launched Projects?
What is emphasized as the key behind what is needed for successful innovation?
What is emphasized as the key behind what is needed for successful innovation?
Following the chart, what is shown to be a key emerging skill that is less essential now, but is expected to increase in use by 2030?
Following the chart, what is shown to be a key emerging skill that is less essential now, but is expected to increase in use by 2030?
What percentage do startups fail?
What percentage do startups fail?
What is the most common reason for startups to fail?
What is the most common reason for startups to fail?
According to listed reasons, what percentage do startups that "run out of cash" fail?
According to listed reasons, what percentage do startups that "run out of cash" fail?
What is the first question in a four-step method that should be followed for a good value proposition?
What is the first question in a four-step method that should be followed for a good value proposition?
What should an entrepreneur know regarding which channels to reach the customer?
What should an entrepreneur know regarding which channels to reach the customer?
Akbank LAB designs specific projects with Fintechs and startups. What is an important outcome?
Akbank LAB designs specific projects with Fintechs and startups. What is an important outcome?
During the Design Thinking methodology training, what is the last step?
During the Design Thinking methodology training, what is the last step?
Akbank is running a youth program called Gençlik Akademisi. What kind of programs are run in this academy program?
Akbank is running a youth program called Gençlik Akademisi. What kind of programs are run in this academy program?
What is the purpose of running Bootcamp and CaseCampus programs in the Akbank LAB?
What is the purpose of running Bootcamp and CaseCampus programs in the Akbank LAB?
What kind of events and program does Akbank LAB offer to expand the innovation umbrella?
What kind of events and program does Akbank LAB offer to expand the innovation umbrella?
What do hackathons support for Akbank LAB?
What do hackathons support for Akbank LAB?
Akbank LAB mentions about extending their time and position themselves with partners. What activity they refer to?
Akbank LAB mentions about extending their time and position themselves with partners. What activity they refer to?
Akbank LAB describes 4 steps of the business model. In which step does the team touch "customer" relation?
Akbank LAB describes 4 steps of the business model. In which step does the team touch "customer" relation?
What is the goal of Akbank's Staj programı?
What is the goal of Akbank's Staj programı?
Flashcards
Akbank LAB's goal
Akbank LAB's goal
A bank's initiatives aimed at becoming the preferred partner for innovative tech startups.
Akbank LAB's focus
Akbank LAB's focus
Initiatives to boost innovation in a company by fostering intrapreneurship and building innovation ecosystems.
Akbank LAB's 3 Pillars
Akbank LAB's 3 Pillars
The three supporting components of Akbank LAB's innovation efforts. Innovation cycles, culture, and ecosystem.
Akbank+
Akbank+
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Akbank+ phases
Akbank+ phases
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Design Thinking Methodology
Design Thinking Methodology
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Definition of Innovation
Definition of Innovation
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Business Model Canvas
Business Model Canvas
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Akbank Gençlik Akademisi
Akbank Gençlik Akademisi
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The Akbank Internship Program
The Akbank Internship Program
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Akbank offers!
Akbank offers!
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Study Notes
Akbank LAB
- Aims to bring innovative ideas to life at Akbank.
- Is leading the Bank's innovation initiatives.
- Aspires to be the main partner of choice for innovative tech startups.
- The Akbank LAB team includes managers and a vice president.
Akbank LAB introduction
- Initiatives have been designed to encourage innovation within the company, promote intrapreneurship, and strengthen the innovation ecosystem.
- These are driven by 3 main pillars: Innovation Cycles, Innovation Culture, and Innovation Ecosystem.
Innovation Projects
- Requires a tailored governance and operating model connected to the top of the organization for success.
- 46 total projects have been started
- 22 projects have been launched.
Akbank+
- The first full-time intrapreneurship program in Turkey, uses the design thinking methodology.
- Over 600 applications have been made over 2 years.
- The entrepreneurship program involves stages such as Ideation Call, Teaming Call, Incubation Phase, and Entrepreneur in Residence (EIR) Phase.
- Teams and intrapreneurs are cut at each phase of the program
Akbank+ Program and Design Thinking Methodology
- The program follows a design thinking methodology which includes empathize, define, ideate, prototype and test.
Akbank Investement
- A total of $2 million has been invested in 4 spin-offs by Akbank employees.
Akbank Culture
- Akbank shares innovation news and original content created by Akbank LAB, including a bi-weekly newsletter on LinkedIn.
- 90,000k+ subscriptions for the newsletter
Ecosystem Programs and Partnerships
- Initiatives are designed to foster innovation, intrapreneurship, and the innovation ecosystem.
- This involves collaboration with Fintech startups, designers, and Akbank employees.
- The role has expanded in time, and are now positioned as a venture builder.
- The venture builder interacts with hundreds of partnes each year
Additional Ecosystem Programs and Partnerships
- Over 1100+ interactions.
- Over 700+ Fintechs and Startups worked with them.
- Offers programs to extend and empower the innovation ecosystem.
- Partners with organizations like İmece and Endeavor.
Key Figures on Innovation
- 90% of startups fail.
- 66% of start-ups change their business plan completely.
- Based on an analysis of 101 startup postmortems, the top reason for start up failure is no market capitalization
- Approximately 42% of startups fail because of this
Value Proposition
- The best answers can be found for key questions such as who is the target customer, what problem does it solve, how does it compare to the alternatives, and why should the customer by this product
Business Model
- A business model answers the questions about the way that a company does business.
- A good business model canvas will identify key partners, key activites, value propositions, etc.
Akbank Gençlik Akademisi Programları
- Provides up-to-date information and resources on ititiatives
Key Program Facts
- Offers Yetkinliğe Giriş 101, Yetkinlik Gelişim Programları, and Tamamlayıcı Programlar
- Over 200,000 youths have been connected
Staj Programs
- Key points about the bank's staj (internship) programs and career opportunities at Akbank for students and graduates.
- This includes staj opportunities and management trainee programs.
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