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Being Entrepreneurial<br />Somebody who starts and builds something of long term value, <br />often from practically nothi...
Random Idea Generation or Brain Storming<br /> <br />
Eureka Moments<br />
Leading Innovation<br />How can you encourage your team to innovate?<br />It’s helpful first to be sensitive to what can <...
Who wants to hear actors talk?<br />HM Warner, Warner Brothers, 1927<br />I think there’s a world market for about five co...
Victor Kiam was offered a chance to buy Velcro for $25,000<br />but failed to see its potential.<br />Everything that can ...
Factors which enhance the creativity of organisations include –<br /> <br />Innovation is valued & encouraged <br />Result...
To innovate, organisations need a high level of communication & networking activity<br />e.g. 2 people working on a simila...
Companies need to manage the risk –<br /><ul><li> Limit the amount they will lose if the innovation does not work.
 Keep reviewing the innovation.
Measure achievement and not just expenditure.</li></ul> <br />
Innovate<br />Spotting Opportunities/Gaps in the market <br />[UK, USA & China]<br />Higher quality, <br />Smaller, <br />...
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Think Outside The Box 170411

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Think Outside The Box, Being Entrepreneurial and Leading Innovation

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Transcript of "Think Outside The Box 170411"

  1. 1.
  2. 2. Being Entrepreneurial<br />Somebody who starts and builds something of long term value, <br />often from practically nothing. <br />[David Hall]<br /> <br />
  3. 3. Random Idea Generation or Brain Storming<br /> <br />
  4. 4. Eureka Moments<br />
  5. 5. Leading Innovation<br />How can you encourage your team to innovate?<br />It’s helpful first to be sensitive to what can <br />discourage innovation<br /> <br />A new idea is delicate, it can be killed by a sneer or a yawn; it can be stabbed to death by a quip and <br />worried to death by a frown on the right man’s brow. <br />[Charles Brower]<br /> <br />
  6. 6.
  7. 7. Who wants to hear actors talk?<br />HM Warner, Warner Brothers, 1927<br />I think there’s a world market for about five computers<br />Thomas Watson, Chairman of IBM, 1943<br />Computers in the future may weigh no more than 1.5 tons<br />Popular Mechanics, 1949<br />There is no reason anyone would want a computer <br />in their home.<br />Ken Olson, Head of Digital Equipment, 1977<br /> <br />
  8. 8. Victor Kiam was offered a chance to buy Velcro for $25,000<br />but failed to see its potential.<br />Everything that can be invented has been invented<br />Charles Duell, Office of Patents 1899<br />The ‘telephone’ has too many shortcomings to be seriously considered as a means of communication.<br />Western Union Memo 1876<br /> <br />
  9. 9. Factors which enhance the creativity of organisations include –<br /> <br />Innovation is valued & encouraged <br />Results not hours <br />Freedom to experiment & Own projects <br />IP Ownership! <br /> A large number of stimuli e.g. tools & equipment <br />Listen to your employees <br />Hands on/Hands off – End goal <br />Flexible hours. E.g. Friday afternoons @ 3M & 15% & CSL <br />
  10. 10. To innovate, organisations need a high level of communication & networking activity<br />e.g. 2 people working on a similar project & the coffee machine effect.<br />If you are not failing you are not trying and without trying you won’t get new <br />opportunity’s [Muzyka & Churchill 2000]<br />Success is made of 99% failure [James Dyson]<br /> <br />
  11. 11. Companies need to manage the risk –<br /><ul><li> Limit the amount they will lose if the innovation does not work.
  12. 12. Keep reviewing the innovation.
  13. 13. Measure achievement and not just expenditure.</li></ul> <br />
  14. 14. Innovate<br />Spotting Opportunities/Gaps in the market <br />[UK, USA & China]<br />Higher quality, <br />Smaller, <br />Faster, <br />Easier, <br />Cheaper, <br />More attractive, <br />Work better, <br />ASK, <br />etc<br /> <br />
  15. 15. To help with Brain Storming try to think of some applications <br />for the below ‘worthless’ items<br />Stuck for ideas? - www.linkedin.com/in/fenwickrichard<br />
  16. 16. Richard <br />Fenwick<br />By<br />

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