Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Entrepreneurs & Intrapreneurs The Business of Innovation Joan Koerber-Walker CorePurpose, Inc. Copyright 2005-2009  CorePu...
Our Discussion <ul><li>What defines innovation and innovators </li></ul><ul><li>Refining your Focus  </li></ul><ul><li>Fin...
What defines  innovation and innovators? Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mar...
Innovation =  Doing something in a NEW way ... To make life BETTER ... For the PEOPLE that matter Copyright 2005-2009  Cor...
Who  are the  People  that  MATTER? Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of ...
Innovation = Change Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of CorePurpose, Inc.
Innovation = Improvement Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of CorePurpose...
Innovation = Daring to be Different <ul><li>Low fares everywhere </li></ul><ul><li>20 minute turn arounds </li></ul><ul><l...
Henry Ford did NOT invent the Automobile An early Benz automobile. Photo courtesy of Vintage Web Classic Cars Picture Arch...
Invention is NOT Innovation Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of CorePurp...
Refining Your Focus Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of CorePurpose, Inc.
Your Passion Your  Strengths What makes Financial  Sense Values Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a...
Finding the  &quot;-preneur&quot; inside of you Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered serv...
&quot;He who lives without folly isn't so wise as he thinks.&quot;   François, Duc de La Rochefoucauld Soldier, Statesman,...
It’s a matter of   Business Geography <ul><li>Entrepreneur  - someone who organizes, operates, and assumes the risk for tu...
“ Whenever you see a successful business,  someone once made  a courageous decision” Peter Drucker Writer, Teacher, Consul...
Dread Diseases that can be fatal to “-preneurs”  Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered ser...
Stay Clear of Founder’s Fever   Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of Core...
Analysis Paralysis Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of CorePurpose, Inc.
“ Trust yourself.  You know more than you think.” Dr. Benjamin Spock Author, Educator, Pediatrician Copyright 2005-2009  C...
Capital Deprivation Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of CorePurpose, Inc.
Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of CorePurpose, Inc.
Creating  a culture of innovation Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of Co...
Once you move beyond boundaries... the possibilities are limitless. Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® ...
“ Never underestimate  your power to change yourself;  never underestimate  your power to change others” H. Jackson Brown,...
How to encourage   innovative “-preneurs” <ul><li>Set Clear Direction </li></ul><ul><li>Lead by example  </li></ul><ul><li...
How to Crush them <ul><li>Forget to listen to the whole idea </li></ul><ul><li>Fall prey to NIH </li></ul><ul><li>Counter ...
“ The only limits to our realization of tomorrow  will be our doubts of today.” Franklin D. Roosevelt 32nd President of th...
Challenges of  Leading Teams of “-preneurs” <ul><li>It’s much easier to lead followers than to “-preneurs”… </li></ul><ul>...
“ Never teach a pig to sing.  It wastes your time and annoys the pig.” Paul Dickson Author, Journalist Copyright 2005-2009...
Connecting the dots Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered service mark of CorePurpose, Inc.
A culture of innovation  has everyone plugged in.  Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a registered s...
Using FAME to Build Success Customers Investors Partners Familiarity/Accessibility/Security Ease of Doing Business Mind Sh...
Partnerships help us move from Invention to Innovation Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a register...
We come from different directions to achieve a common goal. Copyright 2005-2009  CorePurpose, Inc.  CorePurpose ® is a reg...
“ Well  done  is better  than well  said .” Benjamin Franklin Statesman, Inventor, Entrepreneur Copyright 2005-2009  CoreP...
Successful Innovation <ul><li>Traditional Success Predictors - speed to market and level of marketing support for new prod...
Innovation makes an IMPACT Employees Customers Partners Investors The World Copyright 2005-2009  CorePurpose, Inc.  CorePu...
<ul><li>When distractions blur the vision…refocus </li></ul><ul><li>When doubt clouds the vision…enlighten </li></ul><ul><...
Upcoming SlideShare
Loading in …5
×

The Business Of Innovation

1,115 views

Published on

What does it take to create and sustain innovation in today's business environment?

Published in: Business, Education
  • Be the first to comment

The Business Of Innovation

  1. 1. Entrepreneurs & Intrapreneurs The Business of Innovation Joan Koerber-Walker CorePurpose, Inc. Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  2. 2. Our Discussion <ul><li>What defines innovation and innovators </li></ul><ul><li>Refining your Focus </li></ul><ul><li>Finding the &quot;-preneur&quot; inside of you </li></ul><ul><li>Creating a culture of innovation </li></ul><ul><li>Connecting the dots </li></ul>Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  3. 3. What defines innovation and innovators? Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  4. 4. Innovation = Doing something in a NEW way ... To make life BETTER ... For the PEOPLE that matter Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  5. 5. Who are the People that MATTER? Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  6. 6. Innovation = Change Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  7. 7. Innovation = Improvement Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  8. 8. Innovation = Daring to be Different <ul><li>Low fares everywhere </li></ul><ul><li>20 minute turn arounds </li></ul><ul><li>Peanuts </li></ul><ul><li>First Airline Website </li></ul><ul><li>Ticketless Travel </li></ul><ul><li>FUN </li></ul><ul><li>31 Years of Profits </li></ul>Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  9. 9. Henry Ford did NOT invent the Automobile An early Benz automobile. Photo courtesy of Vintage Web Classic Cars Picture Archive. Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  10. 10. Invention is NOT Innovation Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  11. 11. Refining Your Focus Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  12. 12. Your Passion Your Strengths What makes Financial Sense Values Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  13. 13. Finding the &quot;-preneur&quot; inside of you Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  14. 14. &quot;He who lives without folly isn't so wise as he thinks.&quot; François, Duc de La Rochefoucauld Soldier, Statesman, Author Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  15. 15. It’s a matter of Business Geography <ul><li>Entrepreneur - someone who organizes, operates, and assumes the risk for turning an idea into a business venture </li></ul><ul><li>Intrapreneur - a person who does the same thing within an existing company or organization. </li></ul>Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  16. 16. “ Whenever you see a successful business, someone once made a courageous decision” Peter Drucker Writer, Teacher, Consultant Copyright 2005 CorePurpose, Inc. .
  17. 17. Dread Diseases that can be fatal to “-preneurs” Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  18. 18. Stay Clear of Founder’s Fever Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  19. 19. Analysis Paralysis Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  20. 20. “ Trust yourself. You know more than you think.” Dr. Benjamin Spock Author, Educator, Pediatrician Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  21. 21. Capital Deprivation Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  22. 22. Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  23. 23. Creating a culture of innovation Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  24. 24. Once you move beyond boundaries... the possibilities are limitless. Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  25. 25. “ Never underestimate your power to change yourself; never underestimate your power to change others” H. Jackson Brown, Jr. Author Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  26. 26. How to encourage innovative “-preneurs” <ul><li>Set Clear Direction </li></ul><ul><li>Lead by example </li></ul><ul><li>Hire/Fire for Values </li></ul><ul><li>Communicate Openly </li></ul><ul><li>Communicate Often </li></ul><ul><li>Listen Actively </li></ul><ul><li>Be open to new ideas </li></ul><ul><li>Avoid closing doors too early </li></ul>Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  27. 27. How to Crush them <ul><li>Forget to listen to the whole idea </li></ul><ul><li>Fall prey to NIH </li></ul><ul><li>Counter too quickly </li></ul><ul><li>“ Didn’t work when we tried it before” </li></ul><ul><li>Concentrate on the reasons why not </li></ul><ul><li>Restrict the resources they need to succeed </li></ul><ul><li>Forget how to “Get to Yes” </li></ul><ul><li>Limit Praise </li></ul><ul><li>Be too busy to celebrate success </li></ul>Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  28. 28. “ The only limits to our realization of tomorrow will be our doubts of today.” Franklin D. Roosevelt 32nd President of the United States Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  29. 29. Challenges of Leading Teams of “-preneurs” <ul><li>It’s much easier to lead followers than to “-preneurs”… </li></ul><ul><li>They challenge the status quo. </li></ul><ul><li>They challenge you. </li></ul><ul><li>They move toward the direction you point, but they may not see the same path you do. </li></ul>Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  30. 30. “ Never teach a pig to sing. It wastes your time and annoys the pig.” Paul Dickson Author, Journalist Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  31. 31. Connecting the dots Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  32. 32. A culture of innovation has everyone plugged in. Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  33. 33. Using FAME to Build Success Customers Investors Partners Familiarity/Accessibility/Security Ease of Doing Business Mind Share Awareness of Opportunity Employees Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  34. 34. Partnerships help us move from Invention to Innovation Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  35. 35. We come from different directions to achieve a common goal. Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  36. 36. “ Well done is better than well said .” Benjamin Franklin Statesman, Inventor, Entrepreneur Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  37. 37. Successful Innovation <ul><li>Traditional Success Predictors - speed to market and level of marketing support for new products </li></ul><ul><li>Focusing on the Idea </li></ul><ul><ul><li>by its newness </li></ul></ul><ul><ul><li>by the source of the idea </li></ul></ul><ul><ul><li>by its primary advantage for consumers. </li></ul></ul>Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  38. 38. Innovation makes an IMPACT Employees Customers Partners Investors The World Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.
  39. 39. <ul><li>When distractions blur the vision…refocus </li></ul><ul><li>When doubt clouds the vision…enlighten </li></ul><ul><li>When fear of failure threatens…courage </li></ul><ul><li>When guidance is needed…lead </li></ul><ul><li>When teamwork is needed…trust </li></ul><ul><li>When the goal is within reach…refine, innovate, and reach farther… </li></ul><ul><li>Joan Koerber-Walker </li></ul>A Recipe for Sustaining Innovation Copyright 2005-2009 CorePurpose, Inc. CorePurpose ® is a registered service mark of CorePurpose, Inc.

×