Innovation and entrepreneurship
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Innovation and entrepreneurship

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Innovation and entrepreneurship Innovation and entrepreneurship Presentation Transcript

  • Innovation and Entrepreneurship
    Joe Drumgoole
    http://twitter.com/jdrumgoole
  • Overview
    Innovation
    The outcome
    Entrepreneurship
    The process
  • Innovation
    Doing something different rather something better
    Innovation is about society and economics
    Innovation is a diagnostic discipline
    Organisations: Resources, Processes, Culture
    Increase the yield of resources
    A culture of innovation
    A process that supports innovation
  • Entrepreneurship
    The purposeful and organised search
    for changes and the systematic analysis
    of the opportunities such changes
    might offer for economic or social innovation
  • Sources Of Innovation – Internal
    The Unexpected
    The Incongruity
    A Process Need
    Changes in Industry Structure/Market Need
  • Sources of Innovation - External
    Demographics
    Changes in Perception
    New Knowledge
  • Sources of Innovation – High Risk
    The Bright Idea
  • Entrepreneurship
    Entrepreneurship is a behaviour rather than a personality trait
  • Do
    Be systematic
    Inquire, listen, perceive
    Keep it simple, retrospectively obvious
    Start Small
    Aim for Leadership
  • Don‘t
    Be too clever
    Diversify
    Innovate for the future
  • Entrepreneurship in a Large Organisation
    Employees
    Hit your 5’s
    Organisations : Abilities and Disabilities
    Think about the opportunities at a micro-economic level
    Make your boss successful
    Fail Fast
    Ignore everything that’s said, watch everything that’s done
    Accept a certain amount of idiocy
  • Entrepreneurship in a Large Organisation
    Management
    Innovation requires work
    Abandon the old, reprioritise
    Be greedy for new things
    6 Thinking Hats : Green and Yellow
    Innovative efforts have a high probability of failure
    Focus on opportunity not BAU
    Listening rather than talking
    No about risk, about risk elimination
    Separate the new from the old
    Be accountable
  • To Succeed
    Technical Excellence
    Demonstrable track record
    Exemplar
    External approval
    Business Excellence
    Understand the stuff your not expected too
    Know your audience
    Selling
    Listen
    Execution Excellence
    Gets things done
    Tenacity
    Understand the organisation
  • Conclusions
    Its an economic discipline
    Need to be explicit about innovation
    It takes time
    Easier and harder in large organisations
    Successful Innovation = Longevity
    Microsoft, IBM, Procter & Gamble, 3M
    Unsuccessful Innovation = Death
    British Leyland, Data General, Digital, Compaq