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10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

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Amy Wilkinson advises executives and emerging leaders around the world on how to master the skills that underlie entrepreneurial success. She is an entrepreneur, author, and lecturer at Stanford Graduate School of Business.

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10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

  1. 1. Powered by
  2. 2. This presentation consists of highlights from the interview with Moe Abdou, founder & host of 33voices®.
  3. 3. Amy Wilkinson advises executives and emerging leaders around the world on how to master the skills that underlie entrepreneurial success. She is an entrepreneur, author, and lecturer at Stanford Graduate School of Business. Amy Wilkinson @amywilkinson Author of The Creators Code
  4. 4. There’s a Creator in each of us. Harness it by following these six disciplines: Insight #1
  5. 5. There’s a Creator in each of us. Harness it by following these six disciplines: Find The Gap - Stay alert to what others don’t see Insight #1
  6. 6. There’s a Creator in each of us. Harness it by following these six disciplines: Drive For Daylight - Focus on the future, scan the edges, and avoid nostalgia Insight #1
  7. 7. There’s a Creator in each of us. Harness it by following these six disciplines: Fly The OODA Loop - Observe, Orient, Decide, and Act - in rapid fashion Insight #1
  8. 8. There’s a Creator in each of us. Harness it by following these six disciplines: Fail Wisely - Set up a failure ratio, make small bets, and develop resilience Insight #1
  9. 9. There’s a Creator in each of us. Harness it by following these six disciplines: Network Minds - Seek diversity in people, intellect, and your own brainpower Insight #1
  10. 10. There’s a Creator in each of us. Harness it by following these six disciplines: Gift Small Goods - Turning kindness into a skill will help strengthen your relationships Insight #1
  11. 11. Insight #2 A creator is constantly questioning ‘what is;’ she thinks like a ‘Sunbird’ by identifying a working concept in one domain and figuring out a way to plug it in somewhere else. Inventor Dean Kamen | I look at a problem and think, ‘Let’s not look at how this problem has been approached in this field, but let’s go to industries that are completely different and take technologies that, if applied to the problem at hand, would solve it.’
  12. 12. Insight #3 Like architects, creators are problem finders; they identify friction points, bottlenecks, complications, and craft new solutions by asking these type of questions:
  13. 13. Insight #3 Like architects, creators are problem finders; they identify friction points, bottlenecks, complications, and craft new solutions by asking these type of questions: What surprises me?
  14. 14. Insight #3 Like architects, creators are problem finders; they identify friction points, bottlenecks, complications, and craft new solutions by asking these type of questions: What am I missing?
  15. 15. Insight #3 Like architects, creators are problem finders; they identify friction points, bottlenecks, complications, and craft new solutions by asking these type of questions: How can I remove the impediments?
  16. 16. Insight #3 Like architects, creators are problem finders; they identify friction points, bottlenecks, complications, and craft new solutions by asking these type of questions: What paradoxes do I see?
  17. 17. Insight #4 A creator who’s build a business at rapid pace and scale focuses on the horizon and, at high speeds, their hands follow their eyes. Gilman Louie | Entrepreneurs are always looking for daylight. Their business model acts like a race-car driver’s hands. It’s always being adjusted.
  18. 18. Insight #5 Those pursuing worthy goals opt not to measure how far they’ve come ‘to date’ and instead focus on what remains to be done - ‘to go.’ Cognitive research proves that focusing on past accomplishments tempers motivations; whereas thinking about what’s left ‘to-go’ elevates your focus, energy, concentration and motivation.
  19. 19. Insight #6 Creators treat business as an intellectual debate and they use the OODA Loop to make rapid decisions:
  20. 20. Insight #6 Creators treat business as an intellectual debate and they use the OODA Loop to make rapid decisions: Observe - Pay attention to surroundings and identify inconsistencies between your frame of reference and the evolving reality.
  21. 21. Insight #6 Creators treat business as an intellectual debate and they use the OODA Loop to make rapid decisions: Orient - Information is worthless without interpretation - Look for the counterintuitive blip in data that you orient
  22. 22. Insight #6 Creators treat business as an intellectual debate and they use the OODA Loop to make rapid decisions: Decide - Cut through the ambiguity and make rapid determinations
  23. 23. Insight #6 Creators treat business as an intellectual debate and they use the OODA Loop to make rapid decisions: Act - Take unexpected action
  24. 24. Insight #7 If you’re building something that the world hasn’t seen before, it’s wise to make small bets, set a failure ratio, believe enough to persist, and turn setbacks into strength. David Kelley | Given our culture of prototyping, we have had tons of failed prototypes when we are creating products and services - one of the things that’s great about Silicon Valley is that failure is a badge of honor because people here value the learning that goes on.
  25. 25. Insight #8 To ignite ingenuity, creators harness cognitive diversity by developing forums where diverse minds can mingle. To do this, they:
  26. 26. Insight #8 To ignite ingenuity, creators harness cognitive diversity by developing forums where diverse minds can mingle. To do this, they: Design the physical and virtual space where people can build on each other’s ideas
  27. 27. Insight #8 To ignite ingenuity, creators harness cognitive diversity by developing forums where diverse minds can mingle. To do this, they: Assemble project-specific teams to seize economic opportunities
  28. 28. Insight #8 To ignite ingenuity, creators harness cognitive diversity by developing forums where diverse minds can mingle. To do this, they: Catalyze prize competitions
  29. 29. Insight #8 To ignite ingenuity, creators harness cognitive diversity by developing forums where diverse minds can mingle. To do this, they: They gamify work
  30. 30. Insight #9 For creators, success is s much about caring about customers, colleagues, and partners as it is about build a novel product. Matt Cohler | We’re now at a point in history where it’s in your self-interest to be good, and that’s because the world is more transparent, interconnected, interdependent, and efficient.
  31. 31. Insight #10 Creators use these principles to gift goods effectively:
  32. 32. Insight #10 Creators use these principles to gift goods effectively: They support those who share their values
  33. 33. Insight #10 Creators use these principles to gift goods effectively: They set parameters for time and effort
  34. 34. Insight #10 Creators use these principles to gift goods effectively: They interact in an ongoing give-and-take mutually beneficial assistance
  35. 35. Reflect If your work were to suddenly end, would others miss your contribution? tweet us!
  36. 36. Get the book
  37. 37. DIG DEEPER Over 1,000 free interviews and perspectives on company building and life design Sign Up Join our staff-curated weekly highlights, enter weekly giveaways, submit questions to our guests, and use our notes feature. Coaching We partner with you to help you implement the learning & execute the strategies from our distinguished roster of thought leaders, founders and CEOs. Get Answers Ask our expert panel of thought leaders, founders and CEO’s your most pressing question about scaling your business or elevating your life. Register Free Learn More Ask a Question
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