This document discusses elements of the entrepreneurial ecosystem and ways to strengthen it. It identifies common elements like entrepreneurs, education, markets, infrastructure, R&D, finance, government and evaluates their inputs, activities, outputs and outcomes. Low success rates are attributed to a lack of best practices and metrics. A world-class solution is proposed using global excellence models to assess, benchmark, and continually improve the ecosystem through a state-of-the-art measurement system. This would strengthen accountability and decision making to increase outputs like new businesses and outcomes like economic resilience.
This presentation provides an overview of the elements that comprise the entrepreneurial ecosystem and shares the best practices for new product development. It also provides measures that can be used to evaluate the effectiveness of the entrepreneurial ecosystem and proposes a world class solution that can be used to increase the success rate of entrepreneurial ventures.
Increasing the success rate of developing startup-corporate partnerships by a structured program to build and validate a joint value story
by Kors van Wyngaarden, Medical Officer @Philips HealthWorks
Based on extensive experience in engaging with startups in 12 weeks programs Philips HealthWorks is continuously tweaking their approach to increase the value of sustainable partnerships between Philips and Healthcare startups. Kors will share how HealthWorks uses a structured approach, stakeholder and ecosystem engagements to help startups increase their own value and, in parallel, to build and validate the partnership value story.
This is an official presentation about Open Innovation by Wim Vanhaverbeke in collaboration with Nir-vana Platform.
>>> Contact us for the full (+ audio) presentation to our communication contact:
Belén Caparrós - belencaparros@easyinnova.com -
This presentation provides an overview of the elements that comprise the entrepreneurial ecosystem and shares the best practices for new product development. It also provides measures that can be used to evaluate the effectiveness of the entrepreneurial ecosystem and proposes a world class solution that can be used to increase the success rate of entrepreneurial ventures.
Increasing the success rate of developing startup-corporate partnerships by a structured program to build and validate a joint value story
by Kors van Wyngaarden, Medical Officer @Philips HealthWorks
Based on extensive experience in engaging with startups in 12 weeks programs Philips HealthWorks is continuously tweaking their approach to increase the value of sustainable partnerships between Philips and Healthcare startups. Kors will share how HealthWorks uses a structured approach, stakeholder and ecosystem engagements to help startups increase their own value and, in parallel, to build and validate the partnership value story.
This is an official presentation about Open Innovation by Wim Vanhaverbeke in collaboration with Nir-vana Platform.
>>> Contact us for the full (+ audio) presentation to our communication contact:
Belén Caparrós - belencaparros@easyinnova.com -
Never Miss An Opportunity: How ISO 56000 Enables an Innovative OrganizationShelley Reece
One of the challenges for innovators is how to integrate innovation with Quality Management (QMS) and balance the culture of creativity with execution. Join Peter Merrill as he walks us through the newly published ISO 56000 series on Innovation Management, specifically the Guidance Standard ISO 56002 that discusses how to establish an Innovation Management System (IMS). He will take you through the elements of innovation management from strategy development, through risk assessment to solution delivery.
From the World Bank Group on Innovation + Entrepreneurship: Drivers of Inclusive and Sustainable Growth.
Presentation delivered at the Global Entrepreneurship Congress in Johannesburg, South Africa (March 2017).
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A presentation of our bachelor thesis conducted at Chalmers University of Technology on the subject of accelerators. Learn more at acceleratorstudy.com.
Visual presentation of the innovation process in an organisation. In the picture there are references to European standard (technical specification) of IMS-system CEN/TS-16555
Best Practices for an Effective Innovation Process: Mindjet Webinar with gues...Milind Pansare
This webinar, dated November 13, 2013, featured guest speaker Chip Gliedman of Forrester, and myself from Mindjet, exploring best practices for repeatable business Innovation processes/programs based on actual customer cast studies and interviews.
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Social Business applications for the enterprise have long promised innovation as one of the desired use cases. In this Webinar, Charlene Li, Founder, Altimeter Group, and Milind Pansare, V.P. Product Marketing, Mindjet (Spigit), present customer use cases and strategies to enable repeatable business innovation with people, process and technology (enterprise innovation management software platforms).
WHO IS THE GREATER INNOVATOR ?
WHAT ARE THE INNOVATION OBSTACLES?
Original Source www.ctca.ca, share here for discussion at www. facebook.com/xtrategist
SBAC 2018 keynote By Prof. Mohan Sawhney, Kellogg School of ManagementFounding Fuel
Dr. Mohanbir Sawhney of Kellogg School of Management, delivered the keynote address at the SPJIMR Business - Academia Conclave 2018. The topic of the keynote was how large companies could engage with startups
Kent Business School Open innovation Network (Presentation: 23 January 2014) ...Kent Business School
Designed to bring organisations – large and small - together who are interested in developing innovation both internally and collaboratively with others.
The predominant metaphor for fostering entrepreneurship as an economic development strategy is the "entrepreneurship ecosystem." You can download this file for better resolution.
Never Miss An Opportunity: How ISO 56000 Enables an Innovative OrganizationShelley Reece
One of the challenges for innovators is how to integrate innovation with Quality Management (QMS) and balance the culture of creativity with execution. Join Peter Merrill as he walks us through the newly published ISO 56000 series on Innovation Management, specifically the Guidance Standard ISO 56002 that discusses how to establish an Innovation Management System (IMS). He will take you through the elements of innovation management from strategy development, through risk assessment to solution delivery.
From the World Bank Group on Innovation + Entrepreneurship: Drivers of Inclusive and Sustainable Growth.
Presentation delivered at the Global Entrepreneurship Congress in Johannesburg, South Africa (March 2017).
Accelerating Success: A Study of Seed AcceleratorsGustav Larsson
A presentation of our bachelor thesis conducted at Chalmers University of Technology on the subject of accelerators. Learn more at acceleratorstudy.com.
Visual presentation of the innovation process in an organisation. In the picture there are references to European standard (technical specification) of IMS-system CEN/TS-16555
Best Practices for an Effective Innovation Process: Mindjet Webinar with gues...Milind Pansare
This webinar, dated November 13, 2013, featured guest speaker Chip Gliedman of Forrester, and myself from Mindjet, exploring best practices for repeatable business Innovation processes/programs based on actual customer cast studies and interviews.
Developing a Coherent Social Strategy for Enterprise InnovationMilind Pansare
Social Business applications for the enterprise have long promised innovation as one of the desired use cases. In this Webinar, Charlene Li, Founder, Altimeter Group, and Milind Pansare, V.P. Product Marketing, Mindjet (Spigit), present customer use cases and strategies to enable repeatable business innovation with people, process and technology (enterprise innovation management software platforms).
WHO IS THE GREATER INNOVATOR ?
WHAT ARE THE INNOVATION OBSTACLES?
Original Source www.ctca.ca, share here for discussion at www. facebook.com/xtrategist
SBAC 2018 keynote By Prof. Mohan Sawhney, Kellogg School of ManagementFounding Fuel
Dr. Mohanbir Sawhney of Kellogg School of Management, delivered the keynote address at the SPJIMR Business - Academia Conclave 2018. The topic of the keynote was how large companies could engage with startups
Kent Business School Open innovation Network (Presentation: 23 January 2014) ...Kent Business School
Designed to bring organisations – large and small - together who are interested in developing innovation both internally and collaboratively with others.
The predominant metaphor for fostering entrepreneurship as an economic development strategy is the "entrepreneurship ecosystem." You can download this file for better resolution.
Module 4.2 - Performance management
The SENSES project co-funded by the European Union funds (ERDF and IPA)
For more information check the official website: http://www.interreg-danube.eu/senses
Game Changing Quality Strategies that Drive Organizational Excellencekushshah
Quality in the past was more related conforming to requirements, in lot of cases as it relates to engineering requirements and not necessarily enthusiastic customer experience. It was a very narrow definition of quality and focused more on Things Gone Wrong. Goal was to reach a level of customer accepted.
Quality definition today is much broader and winning in quality in this highly competitive environment requires deployment game changing quality strategies.
We will discuss how to infuse the voice of the customer into the way we design our products and services so that they exceed customer expectations. Organizations that engage all functions within enterprise and are customer centric will differentiate themselves from the rest of the competition. This presentation will provide an integrated roadmap on how to integrate proactive quality strategies such as Design for Six Sigma (DFSS), Advanced Product Quality Planning (APQP), Design Failure Modes and Effects Analysis (DFMEA), Process Failure Modes and Effects Analysis (PFMEA) along with reactive strategies such as Six Sigma and control plans to achieve organizational excellence.
Ken Fulmer's visit to IIBA Canberra Branch
October 2018
Covering both Soft and Hard/Technical skills for a BA
Hard Skills:
1 - Understand Strategic Imperatives
2 - Customer Experience
3 - Business Process
4 - Embrace Agility
5 - Continuous Stakeholder Collaboration
6 - DATA – Evidence Based Decisions
7 - Understand Technology
Soft Skills
S1 - Infuse Customer Empathy
S2 - Envision the Outcome
S3 - Own the product and the outcome
S4 - Value
S5 –Enable Smart Decisions
S6 – LEARN Continuously
S7 – Change & Engagement
What separates best–in–class companies from other companies? It is usually the manner in which they provide high value products and unique experiences to customers in carefully chosen markets. Product Management encompasses a set of business practices which, when viewed holistically, helps the firm achieve its goals for product profitability and market share. Product Management is, in a nutshell, the business management of products, represented by how firms create, develop, and manage products and services across their life cycles.
https://www.sequentlearning.com/webinars
Research and development can be the most productive and successful part of a company. With a business value driven R&D process and good portfolio optimization tools one can even tenfold the R&D value, making it by far the most successful part of the company.
How do you quickly validate, quantify, and report on the outcomes of your activities? Learn how leading nonprofits are demonstrating success to donors and stakeholders.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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2. Agenda
• Elements of the entrepreneurial ecosystem
• Why has the success rate been so low?
• What is needed to build a stronger system?
• A world class solution that will increase capacity to
serve the entrepreneurial community
2
3. Elements of the Entrepreneurial Ecosystem
• Entrepreneurs
• Education system
• Market structure
• Infrastructure
• R&D system
• Financial sector
• Corporate sector
• Government
3
Global Entrepreneurship Index
4. GEI Building Blocks
4
Entrepreneurial
attitudes
Opportunity perception, start-
up skills, risk acceptance,
networking, cultural support
Entrepreneurial
abilities
Opportunity start-up,
technology absorption, human
capital, competition
Entrepreneurial
aspirations
Product innovation, process
innovation, high growth,
internationalization, risk
capital
5. Benchmarks
• Individuals who:
– Recognize valuable business opportunities
– Have the skills to exploit them
– Attach high status to entrepreneurs
– Can bear and handle start-up risks
– Know other entrepreneurs personally
– Can generate future entrepreneurial activities
5
6. Benchmarks
• Start-ups that:
– Are in the medium/high technology sectors
– Are initiated by educated entrepreneurs
– Offer a unique product or service
– Operate in an environment that is not overly competitive
6
7. Benchmarks
• Early state entrepreneurial effort to:
– Introduce new product or service
– Develop new production processes
– Penetrate foreign markets
– Substantially increase their company staff
– Finance their business with formal and/or informal venture
capital
7
8. Canada
8
Entrepreneurship Pillars Score
Attitudes Opportunity perceptions 1.00
Start-up skills 0.67
Risk acceptance 0.80
Networking 0.70
Cultural support 0.83
Abilities Opportunity start-up 0.80
Technology absorption 0.68
Human capital 0.98
Competition 0.88
Aspirations Product innovation 0.65
Process innovation 0.73
Internationalization 1.00
Risk capital 0.99
9. Global Entrepreneurship Index
9
Rank Country GEI
1 United States 86.2
2 Canada 79.5
3 Australia 78.0
4 Denmark 76.0
5 Sweden 75.9
6 Taiwan 69.7
7 Iceland 68.9
8 Switzerland 67.8
9 United Kingdom 67.7
10 France 66.4
14. Product Development Process
1. Idea generation
2. Market research and analysis
3. Design and development
4. Testing and commercialization
The best companies develop and implement a
systematic process of new product development (NPD)
and use best practices
14
15. Best management practices in NPD
• Climate and culture:
– Open communication among employees across functions
or locations
– Supports entrepreneurship and innovation
– Product champions recognized and/or rewarded
– Teams recognized and/or rewarded
– No punishment for product failure
– Employees understand process (idea to launch)
– Business’s climate is not risk adverse
(Source: Cooper, Edgett, and Kleinschmidt 2004)
15
16. Best management practices in NPD
• Actions and programs to promote positive climate:
– New product idea submissions rewarded or recognized
– New product idea suggestion scheme in place
– Resources available for creative work
– Time off for creative work
– Unofficial projects encouraged
16
17. Best management practices in NPD
• Senior Management practices, roles and
commitment to NPD:
– Leave day-to-day activities/decisions to project team
– Strongly committed
– Involved in the go/no-go decisions
– Provide strong support and empowerment to team
members
– Understand process from idea to launch
– Help design and shape the process
– Measure overall results
– Metrics part of annual objectives
17
18. Best management practices in NPD
• Project team characteristics:
– Identifiable project team leader
– Assigned team of players
– Team together from beginning to end of project
– Leader from beginning to end of project
– Team is cross-functional and cooperative
– Information shared among members
– Team is accountable for project’s end result
– Decisions made outside the team are efficient
18
19. Best management practices in NPD
• NPD strategy:
– Strategic arenas defined
– Role of NPD in business goals
– Long term commitment
– Clearly defined NPD goals
– Strategic buckets of resources
– Roadmap in place
19
20. Best management practices in NPD
• Portfolio Management:
– Projects align with business’s strategy
– Resource breakdown reflects business’s strategy
– Rank and prioritize projects
– Good balance in number of projects and resources
– Portfolio includes high value-to-the-business projects
– Portfolio has excellent balance in types of projects
– Formal and systematic portfolio management process
20
21. Best management practices in NPD
• Resource availability:
– Have sufficient:
• Sales force people and time
• R&D / technical people and time
• Manufacturing / operations people and time
• Marketing people and time
21
22. Best management practices in NPD
• Project team focus and dedicated resources:
– Resources allocated based on project merit
– An innovation (or NPD) team exists
– Team is focused and not doing too much other work
– Team is focused and not spread over too many projects
– Adequate resources are assigned to projects
22
23. Best management practices in NPD
• Performance drivers – distinguishing high
performing from low performing:
– A systematic process
– Quality of execution
– Best practices built into the NPD process
– Spending on up-front homework
– Voice-of-customer information
– Quality of market information on entering development
– Sharp, early product definition
– Competitive and product advantage
23
24. Popular Metrics
• Performance of program:
– % of sales revenue from new products
– % of growth in sales from new products
• Performance of product:
– Profitability
– Revenue versus forecasted revenue
– Customer satisfaction
Some important metrics are missing …
24
25. Guess what?
These practices have
been validated by
‘excellence models’over
the past 25 years
The ‘Organizational
Excellence Framework’
integrates global
excellence models and
provides implementation
guidelines for the user
26. Malcolm Baldrige
• A study in the United States compared the
benefits received by award winners from 2007 to
2010 with the cost of operating the program and
reported a benefit-to-cost ratio of 820:1
(Source: Link, Scott, 2011)
26
27. EFQM
• A study examined award winners against
comparison companies of similar size and
industry sector over an 11 year period and found
award winners experienced higher:
– Increases in share value
– Average growth in sales
– Reduction in costs
– Increases in operating income
– Other accounting measures
(Source:Boulter, Bendell, Abas, Dahlgaard, Singhal, 2005)
27
28. Free Teaser Assessment - Principles
1. Leadership involvement
2. Alignment
3. Focus on the customer
4. People involvement
5. Prevention based process management
6. Partnership development
7. Continuous improvement
8. Data based decision making
9. Societal commitment
www.organizationalexcellencespecialists.ca
31. Entrepreneurship Ecosystem
We live in a complex and
dynamic world where
everything is connected to
everything else
We need a solid approach
to assess, understand and
manage complexity
31
32. Evaluating the Entrepreneurial Ecosystem
• Examine each element with respect to inputs,
activities, outputs and outcomes
• Design a measurement system to:
– Evaluate levels and trends
– Strive for continual improvement
– Strengthen accountability
– Communicate performance to stakeholders
– Make informed decisions
– Track performance internally
– Compare performance with others
33. 33
INPUTS ACTIVITIES OUTPUTS OUTCOMES
Entrepreneurs ideas, skills, risk
tolerance, unique
product, network
learning, planning,
networking,
focusing energy on
targets, OE
assessment
customer
satisfaction,
employee
satisfaction,
product / service
quality, financial
self-sufficiency,
sustainability,
market presence,
community
improvement
Educational
Institutions
experienced
instructors,
student
enrollment
experiential
learning, scientific
research, industry
collaboration, OE
assessment
capable
entrepreneurs, new
technology
support for
entrepreneurs,
positive influence
and impact on
region
Small
Business
Development
Centre
experienced
advisors, funding
sources, networks
evaluation,
selection, advisory
services,
mentorship, OE
assessment
capital raised,
entrepreneurs
trained, turnover,
mergers &
acquisitions,
performance
reporting
support for
entrepreneurs,
positive influence
and impact on
region
34. 34
INPUTS ACTIVITIES OUTPUTS OUTCOMES
Professionals professionals,
associations,
excellence
models
training,
assessment,
advisory services,
benchmarking, OE
assessment
robust
management
systems,
balanced system
of measurement
productivity,
continual
improvement
Government start-up
programs,
grants, tax
credits,
regulations,
legislation
program
evaluation, OE
assessment
taxes, GDP,
innovation
economic
resilience,
spinoff
activity
Investors angels,
investors,
banking
institutions
reviewing
business
opportunities,
raising capital,
providing loans,
OE assessment
return on
investment,
return on equity
corporate
social
responsibility
35. World Class Solution
• Global perspective:
– Understand and apply best management practices found in
excellence models and engage in benchmarking
• State-of-the-art methods:
– Use leading edge technology to rapidly assess, report, and
benchmark
– Offer support that is customizable for the organization
• Results for the entrepreneurial ecosystem:
– Continuous Improvement
– Desired outputs and outcomes
– Spin-off benefits for community
35
36. Your Partner
• Organizational Excellence Specialists (Canada)
‒ Integrated excellence model
– Publication
– Assessment tool
– Training programs
– Consulting services
– Strategic alliances
36
37. Dawn Ringrose MBA, FCMC, COES
Principal, Organizational Excellence Specialists
dawn@organizationalexcellencespecialists.ca
Canada (250) 941-2064
Thank You !