Creative Leadership:Innovation & EntrepreneurshipGigi WangBoard Member & Chair EmeritusKreative.Asia WorkshopSponsored by ...
It Starts with Culture   In addition to the excellent academic    institutions and R&D, governmentalsupport, and access to...
Need to Trust Trust begins with open-ness &  transparency  – EX: People don’t trust governments which    aren’t transpare...
Open-ness ExerciseEXERCISE is to practice being open andbuild trust1. Get an open-ness worksheet2. Pick a partner – It has...
Risk-Taking  RISK-TAKING: Innovation and   entrepreneurship requires risk-taking in   addition to passion.  Go beyond yo...
Collaboration COLLABORATION: People need to share  ideas and work on problems together, even  competitors Lots of Networ...
Integrity INTEGRITY: High level of integrity required  when being open and collaborating Non-Disclosure Agreement (NDA) ...
Accessibility ACCESSIBILITY: Access to experience and  resources to new entrepreneurs Budding entrepreneurs  Go to even...
Constructive Feedback FEEDBACK: Absolutely critical to get  feedback to understand what you’ve  done right and what you’v...
Jealousy (and lack therof) JEALOUSY: The Silicon Valley exhibits a  much less jealous culture than many  places in Europe...
Develop the Right Culture Key characteristics include open-ness  and collaboration, high level of risk-  taking, and the ...
What is Innovation?Innovation is the creation of better or moreeffective products, processes, services,technologies, or id...
Create what the market wants
How do you innovate? Understand the customer and the  market. Listen to them. You might try  “gut” feel (like Jobs) Conc...
Innovation ExerciseEXERCISE - to practice understanding targetcustomer/market1. Pick a partner – someone you don’t know2. ...
Anyone Can Be Innovative
Silicon Valley Access to Funding Institutional venture capitalists have been the most well-  known source of funding for ...
What Investors are Looking ForWhat is the BIG Need or Opportunity?What is your solution and why is it special (technolog...
The Three “T”’s Investors PreferTEAM – a leadership that has a record of  successful companiesTRACTION – customers that ...
Accessing Silicon ValleyVery rare that Silicon Valley investors invest in companies outside of US unless they have invest...
THANK YOU!    Gigi WangMIT/Stanford Venture Lab  gigi.wang@vlab.org   +1 925 998 8785
KREATIVE.ASIA CREATIVE LEADERSHIP
Upcoming SlideShare
Loading in...5
×

KREATIVE.ASIA CREATIVE LEADERSHIP

383

Published on

Provides Silicon Valley perspective on creative leadership for developing enterepreneurship and innovation in Malaysia.

Published in: Business, Economy & Finance
1 Comment
0 Likes
Statistics
Notes
  • Be the first to like this

No Downloads
Views
Total Views
383
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
1
Likes
0
Embeds 0
No embeds

No notes for slide

KREATIVE.ASIA CREATIVE LEADERSHIP

  1. 1. Creative Leadership:Innovation & EntrepreneurshipGigi WangBoard Member & Chair EmeritusKreative.Asia WorkshopSponsored by MSC & MDECKuala Lumpur, Malaysia8April 2012
  2. 2. It Starts with Culture In addition to the excellent academic institutions and R&D, governmentalsupport, and access to investment capital,it’s the culture that really makes a region like Silicon Valley so unique and wildly successful
  3. 3. Need to Trust Trust begins with open-ness & transparency – EX: People don’t trust governments which aren’t transparent Practice being open and sharing information, build trust Trust must be mutual or it’s not win-win Where there is trust, the culture is good
  4. 4. Open-ness ExerciseEXERCISE is to practice being open andbuild trust1. Get an open-ness worksheet2. Pick a partner – It has to be someone you don’t know3. Practice being open and sharing information, build trust by interviewing each other and filling out the work sheet
  5. 5. Risk-Taking  RISK-TAKING: Innovation and entrepreneurship requires risk-taking in addition to passion.  Go beyond your comfort zone. Either in doing a prototype or visiting a new places – Cultural Tourism  Failure is good. Making mistakes leads to valuable experience and knowledge.“I have not failed. I’ve just found 10,000 ways that won’t work.” Thomas Edison
  6. 6. Collaboration COLLABORATION: People need to share ideas and work on problems together, even competitors Lots of Networking in environment of open- ness • Kreative.Asia is a great example In the high-tech world, it’s not about fighting over the existing pie, but GROWING the pie together
  7. 7. Integrity INTEGRITY: High level of integrity required when being open and collaborating Non-Disclosure Agreement (NDA) is standard procedure and captures intent Relationship Integrity – very key concept. Always making sure that it’s about “Give & Take” and that “Win-Win-Win” is the objective, not “Win-Lose”
  8. 8. Accessibility ACCESSIBILITY: Access to experience and resources to new entrepreneurs Budding entrepreneurs  Go to events, talk to strangers. No need for introductions (Asian trait) – take a risk and introduce yourself Successful entrepreneurs and leaders  Be open. Talk to the young entrepreneurs, share your valuable advice and learning
  9. 9. Constructive Feedback FEEDBACK: Absolutely critical to get feedback to understand what you’ve done right and what you’ve done wrong Needs to be “constructive feedback” NOT “negative criticism” Delivering “negative criticism” to make yourself feel more powerful or important is disgusting
  10. 10. Jealousy (and lack therof) JEALOUSY: The Silicon Valley exhibits a much less jealous culture than many places in Europe and Asia Instead of being jealous when someone else does better, see it as an opportunity to have a relationship with someone successful More constructive, and less destructive for a company, for a region, for a country
  11. 11. Develop the Right Culture Key characteristics include open-ness and collaboration, high level of risk- taking, and the “people networking” environment. How do we teach ethics and instill high society integrity into the next generation of global citizens?
  12. 12. What is Innovation?Innovation is the creation of better or moreeffective products, processes, services,technologies, or ideas that are accepted bymarkets, governments, and society.Innovation differs from invention in thatinnovation refers to the use of a new ideaor method, whereas invention refers moredirectly to the creation of the idea ormethod itself. - WIKIPEDIA
  13. 13. Create what the market wants
  14. 14. How do you innovate? Understand the customer and the market. Listen to them. You might try “gut” feel (like Jobs) Conceptualize, Design and Prototype Collect feedback, lots of it Iterate, iterate, iterate
  15. 15. Innovation ExerciseEXERCISE - to practice understanding targetcustomer/market1. Pick a partner – someone you don’t know2. Interview them about what types of food they like (spicy, noodle vs rice, ethnic), etc, etc.3. Design a MENU that you think would appeal to them  write out the menu on paper on tables, drawings get bonus points
  16. 16. Anyone Can Be Innovative
  17. 17. Silicon Valley Access to Funding Institutional venture capitalists have been the most well- known source of funding for innovative start-ups. – After several down cycles, VC’s now require more than a concept for funding, more due diligence – Look at Traction (customers), Team, Top investors (3 T’s) Entrepreneurs need to look to other sources of funding: – Friends and family funding – many companies including Apple started with friends and family support – Angel investors: Individual or groups (like the Angel’s Forum or the Keiretsu Forum) – Government programs: Grants from National Institute of Health (NIH), Department of Energy, and others
  18. 18. What Investors are Looking ForWhat is the BIG Need or Opportunity?What is your solution and why is it special (technology is secondary message)?Who is the team that is going to make your company a success?Who are the competitors?What is the financial models? How much do you need?
  19. 19. The Three “T”’s Investors PreferTEAM – a leadership that has a record of successful companiesTRACTION – customers that have paidTIER 1 INVESTORS – have other investors which are have good reputation in investing in winning companiesInvestment guidelines according to Tim Chang,Managing Director of Mayfield Partners
  20. 20. Accessing Silicon ValleyVery rare that Silicon Valley investors invest in companies outside of US unless they have investment office there (ie China, India)They want to invest in things they are familiar with and people they know and trust – remember the 3 T’sNeed to understand SV ecosystem an develop network – start with Cultural Tourism (a la Carlo Donzella’s talk)
  21. 21. THANK YOU! Gigi WangMIT/Stanford Venture Lab gigi.wang@vlab.org +1 925 998 8785

×