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Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
Think Outside The Box 170411
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Think Outside The Box 170411

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Think Outside The Box, Being Entrepreneurial and Leading Innovation

Think Outside The Box, Being Entrepreneurial and Leading Innovation

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  • 1.
  • 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. Random Idea Generation or Brain Storming<br /> <br />
  • 4. Eureka Moments<br />
  • 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.
  • 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. 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. 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. 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. Companies need to manage the risk –<br /><ul><li> Limit the amount they will lose if the innovation does not work.
  • 12. Keep reviewing the innovation.
  • 13. Measure achievement and not just expenditure.</li></ul> <br />
  • 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. 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. Richard <br />Fenwick<br />By<br />

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