This document discusses innovation and entrepreneurship. It provides an overview of innovation as doing something different or better to benefit society and economics. Innovation requires resources, processes, and a culture within organizations to support new ideas. Entrepreneurship is defined as the organized search for opportunities that arise from changes. Sources of innovation can come from internal unexpected ideas, industry changes, or external factors like new knowledge or demographics. The document outlines tips for both innovating and entrepreneurial efforts within large organizations, noting that innovative projects often fail and require perseverance to succeed.

1. Innovation and EntrepreneurshipJoe Drumgoolehttp://twitter.com/jdrumgoole

2. OverviewInnovationThe outcomeEntrepreneurshipThe process

3. InnovationDoing something different rather something betterInnovation is about society and economicsInnovation is a diagnostic disciplineOrganisations: Resources, Processes, CultureIncrease the yield of resourcesA culture of innovationA process that supports innovation

4. EntrepreneurshipThe purposeful and organised search for changes and the systematic analysis of the opportunities such changes might offer for economic or social innovation

5. Sources Of Innovation – InternalThe UnexpectedThe IncongruityA Process NeedChanges in Industry Structure/Market Need

6. Sources of Innovation - ExternalDemographicsChanges in PerceptionNew Knowledge

7. Sources of Innovation – High RiskThe Bright Idea

8. Entrepreneurship Entrepreneurship is a behaviour rather than a personality trait

9. DoBe systematicInquire, listen, perceiveKeep it simple, retrospectively obviousStart SmallAim for Leadership

10. Don‘tBe too cleverDiversifyInnovate for the future

11. Entrepreneurship in a Large Organisation EmployeesHit your 5’sOrganisations : Abilities and DisabilitiesThink about the opportunities at a micro-economic levelMake your boss successfulFail FastIgnore everything that’s said, watch everything that’s doneAccept a certain amount of idiocy

12. Entrepreneurship in a Large Organisation ManagementInnovation requires workAbandon the old, reprioritiseBe greedy for new things6 Thinking Hats : Green and YellowInnovative efforts have a high probability of failureFocus on opportunity not BAUListening rather than talkingNo about risk, about risk eliminationSeparate the new from the oldBe accountable

13. To SucceedTechnical ExcellenceDemonstrable track recordExemplarExternal approvalBusiness ExcellenceUnderstand the stuff your not expected tooKnow your audienceSellingListenExecution ExcellenceGets things doneTenacityUnderstand the organisation

14. ConclusionsIts an economic disciplineNeed to be explicit about innovationIt takes timeEasier and harder in large organisationsSuccessful Innovation = LongevityMicrosoft, IBM, Procter & Gamble, 3MUnsuccessful Innovation = DeathBritish Leyland, Data General, Digital, Compaq