E-Scan for Birmingham City University SPEED WM Programme


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An introduction to Ideas 2 Reality and our current operations, together with information of the recent pilot study of the E-Scan carried out by the University of Wolverhampton's SPEED WM programme.

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E-Scan for Birmingham City University SPEED WM Programme

  1. 1. We help you perform quicker
  2. 2. <ul><li>Gary Lennon </li></ul><ul><li>Creativity Director </li></ul><ul><li>I2R (UK) Ltd. </li></ul>
  3. 3. Ideas 2 Reality <ul><li>Consulting company aiding in advising and planning in order to turn new ideas for existing businesses into reality. </li></ul><ul><li>Currently expanding into other areas of opportunity </li></ul>
  4. 4. Currently involved in… <ul><li>Consulting </li></ul><ul><li>Mentoring </li></ul><ul><li>IP Services </li></ul><ul><li>Profiling (E-Scan) and Decision Making (“Test Your Idea”) tools </li></ul>
  5. 5. Mentoring <ul><li>Aiding in planning the actions needed in order to successfully start businesses </li></ul><ul><li>Aiding in the entrepreneurial development of the individual </li></ul><ul><li>Providing expertise on how aspiring entrepreneurs can enhance their ideas </li></ul>
  6. 6. Mentoring <ul><li>Working alongside: </li></ul><ul><li>Sarah Taylor (SPEED WM Programme Manager, University of Wolverhampton) </li></ul><ul><li>Stephen Moore (SPEED WM Programme creator) </li></ul><ul><li>In discovering new ways to improve the rate of </li></ul><ul><li>successful business start-ups by the </li></ul><ul><li>participants. </li></ul>
  7. 7. Mentoring <ul><li>Now Working alongside: </li></ul><ul><li>Dr Nayan Patel (Head of Innovation, BCU) </li></ul><ul><li>Ron Brown (Manager of Innovation & Development, BCU) </li></ul><ul><li>Catherine Brown (SPEED WM Project Manager, BCU) </li></ul><ul><li>Accelerating the progress of this SPEED WM </li></ul><ul><li>project using the experiences with the </li></ul><ul><li>University of Wolverhampton. </li></ul>
  8. 8. <ul><li>Additionally… </li></ul>
  9. 9. About E-Scan <ul><li>Fully automated entrepreneur profiling tool </li></ul><ul><li>‘ Stand alone’, with a review or combined with mentoring. </li></ul>
  10. 10. About E-Scan <ul><li>360 ˚ Feedback - ‘bigger picture’ from colleagues, mentors or customers. </li></ul><ul><li>Entrepreneurial Thinking Styles – how we think at work </li></ul>
  11. 11. About E-Scan <ul><li>Opens the mind; increases desire to learn more about entrepreneurship. </li></ul><ul><li>Feeds directly into learning and development provision. </li></ul>
  12. 12. The Review process <ul><li>Motivation as an entrepreneur </li></ul><ul><li>General feedback & Key Points </li></ul><ul><li>Deeper understanding </li></ul><ul><li>Learning & Development opportunities </li></ul><ul><li>Summary of actions and targets </li></ul>
  13. 13. E-Scan Feedback <ul><li>‘ Excellent’ - Euripides Altintzoglou </li></ul><ul><li>‘ Inspirational’ - Dave Baines </li></ul><ul><li>‘ Highly Recommended’ - Ravina Jackhu </li></ul><ul><li>‘ Shockingly Accurate – Lisa Abrams </li></ul>
  14. 14. Pilot Study <ul><li>Undertaken by SPEED WM, University of Wolverhampton </li></ul><ul><li>February to March 2010 </li></ul><ul><li>37 participants </li></ul><ul><li>aged 20-53….in a range of businesses </li></ul>
  15. 15. Pilot Study <ul><li>Completed an E-Scan </li></ul><ul><li>Held a review </li></ul><ul><li>Developed understanding </li></ul><ul><li>Set targets and action plans </li></ul>
  16. 16. Pilot Study <ul><li>These were the results… </li></ul>
  17. 17. Pilot Feedback <ul><li>95% understand more </li></ul><ul><li>84% are more determined </li></ul><ul><li>97% are more interested </li></ul><ul><li>97% it helped identify… </li></ul>
  18. 18. Pilot Feedback <ul><li>… in knowing about and </li></ul><ul><li>being a better entrepreneur </li></ul>
  19. 19. Pilot Feedback <ul><li>25 of 37 participants gave 10/10 full marks </li></ul><ul><li>Everyone gave 8 or above </li></ul>
  20. 20. Benefits for the Participant <ul><li>Increased desire and determination to build understanding of entrepreneurship and own capability ~ performance </li></ul>
  21. 21. Benefits for the Mentor <ul><li>Quicker relationship building. </li></ul><ul><li>Closer relationship, leads to more productive meetings in less time ~ greater progress </li></ul>
  22. 22. Benefits for a Program Manager <ul><li>Quicker matching of resource to need, increasing speed and size of development of individuals ~ increased positive feedback </li></ul><ul><li>Increased effectiveness of programs, delivering higher percentages of start-ups or value add measures ~ increased or protected budgets </li></ul><ul><li>New opportunities to develop ‘configurable’ training and development programs ~ increased volume and higher value projects </li></ul>
  23. 23. What Happens Next? <ul><li>Send an email to all participants with content and SPEED WM report </li></ul><ul><li>Send links to take E-Scans </li></ul><ul><li>Book review appointments </li></ul><ul><li>Hold reviews </li></ul><ul><li>Participate in feedback </li></ul>