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