In groups of 3 – 4: * List all the advantages of being means driven rather than goals driven. * Work with what you have rather than focus on doing it perfectly. * Time: 10 minutesMeans driven vs. Goal driven
• You are not chasing investors. AMAR BHIDE• You are not waiting for the perfect opportunity or perfect set of resources.• You are working with your strengths without having to overcome your weaknesses first.• Good stakeholders want to shape goals, not just provide means.• You are increasing the possible stakeholder who can self- select in your venture.• You are increasing the probability of innovative surprises.• You are increasing the likelihood of finding or creating opportunities that are a better fit for you.• You are increasing the likelihood of even failures being learning experiences that you can recover form faster and build on when you are ready to try again.• You are forcing yourself to get creative with meager resources including slack resources and even waste. paulshawsmith scientific business strategy
When are goals useful and when are goals harmful? paulshawsmith scientific business strategy
Inventory your means Who you Who you What you What you Who you Who you know know know know Are AreYour rolodex Your prior Tastes, value knowledge s and preferences Classmates Knowledge Passions from your jobSerendipitous Knowledge Hobbies encounters from lifeThe strangers Informal Interests in your life learning, ho bbies paulshawsmith scientific business strategy
Inventory your means AMAR BHIDEWhat means did you acquire or build:• As a teenager.• At school.• At university.• In your first, second, etc…. Job• In your private life.• With your hobbies, activities, etc.• From your parents. paulshawsmith scientific business strategy
In groups of 3 – 4: * For each person: * Create a list of all your things, knowledge, people, money & contacts * Whom do I know? What things do I have? * What do I know? What money do I have? * Time: 20 minsInventory your resources
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