Your SlideShare is downloading. ×
Innovation in the uk   what it takes
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Innovation in the uk what it takes

793
views

Published on

A practical walk through the process of doing a start up in the UK v the USA experience. Contrasts the different attitudes, success and failure mechanisms.

A practical walk through the process of doing a start up in the UK v the USA experience. Contrasts the different attitudes, success and failure mechanisms.


0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
793
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
17
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Concept to Commercialisation - what it takes ! Peter Cochrane COCHRANE a s s o c i a t e s cochrane.org.uk ca-global.orgMonday, 28 March 2011
  • 2. What it takes - a common misconception! Energy Required 100% ~95% 80% 60% 40% 20% ~5% ~1% ~0.1% 0% Idea Beta Alpha Getting to MarketMonday, 28 March 2011
  • 3. What it takes - the actuality ! Energy Required 100% ~95% 80% 60% 40% 20% ~1% ~5% ~0.1% 0% Idea Beta Alpha Getting to MarketMonday, 28 March 2011
  • 4. How will it fit in the market ?Monday, 28 March 2011
  • 5. Business spectrum...World Economy Ms 100ks 10ks 1ks 100s 10s 1 1M 10M 100M 1Bn 10Bn 100Bn 1000BnMonday, 28 March 2011
  • 6. Business spectrum...World Economy Ms 100ks 10ks Very Very Almost Easy Hard Impossible 1ks 100s 10s 1 1M 10M 100M 1Bn 10Bn 100Bn 1000BnMonday, 28 March 2011
  • 7. Business spectrum...World Economy Ms 100ks 10ks Very Very Almost Easy Hard Impossible 1ks 100s Princes Trust Google Apple, BP 10s Life Style FaceBook MSoft, Shell 1 1M 10M 100M 1Bn 10Bn 100Bn 1000BnMonday, 28 March 2011
  • 8. Worlds apart... 982M Land Area Hectares 24M 300M Population 65M NY ~8M London 12,880G$ GDP 1,260G$Monday, 28 March 2011
  • 9. Worlds apart... Build for fun to change & challenge Build to Dominate Build to Sell Make money & retire Life Style Golf CourseMonday, 28 March 2011
  • 10. Worlds apart... Build for fun Life Style to change & Golf Course challenge Build to Dominate Build to Sell Make money Build to Sell & retire Make money & retire Build to Dominate Build for fun Life Style to change & Golf Course challengeMonday, 28 March 2011
  • 11. Worlds apart...Monday, 28 March 2011
  • 12. Worlds apart... 1980 = 2 x Starts/Year/Head of Population >600kpa New Start Ups >400kpa 2010 = 3 x Starts/Year/Head of PopulationMonday, 28 March 2011
  • 13. Worlds apart... 1980 = 2 x Starts/Year/Head of Population >600kpa New Start Ups >400kpa 2010 = 3 x Starts/Year/Head of Population ~10% year 1 ~18% year 1 ~15% year 2 Failure Rate ~30% year 2 ~80% year 10 ~95% year 10Monday, 28 March 2011
  • 14. How come?Monday, 28 March 2011
  • 15. Bad Money! - short termism - expensive - punitive deals - self interested - no business support - no value add - supreme arrogance/know betterMonday, 28 March 2011
  • 16. Poor Management! - inexperienced - unprofessional - stubborn - stupid - believing your own BS - refusing to step aside - corruptMonday, 28 March 2011
  • 17. Poor Management! - missing targets - poor customer relationship - under resourcing - running out of moneyMonday, 28 March 2011
  • 18. Poor Management!Monday, 28 March 2011
  • 19. Wrong Business ModelMonday, 28 March 2011
  • 20. Wrong Business ModelMonday, 28 March 2011
  • 21. Bad IdeaMonday, 28 March 2011
  • 22. Slow FailureMonday, 28 March 2011
  • 23. Technology FailureMonday, 28 March 2011
  • 24. Fierce CompetitionMonday, 28 March 2011
  • 25. So, what makes innovation fly ? A good leader A seductive Supportive A good idea & a good team business plan investorsMonday, 28 March 2011
  • 26. Good mentors !Monday, 28 March 2011
  • 27. An acceptance that it all looks like this ! Activity Energy Early Emergence Clear Product Stage of Order and Market Chaos DirectionMonday, 28 March 2011
  • 28. AND of course...timing & luck !Monday, 28 March 2011
  • 29. Receptive customers help too! Big Problem Desperation Lots of Money & PanicMonday, 28 March 2011
  • 30. What stops innovation ? Destructive Old minds Old industry Short Termism investorsMonday, 28 March 2011
  • 31. We need a visionaries and risk takers... ...but there is a fine line between calculated risks and doing something really dumb!Monday, 28 March 2011
  • 32. cochrane.org.uk COCHRANE ca-global.org a s s o c i a t e sMonday, 28 March 2011

×