2. It has been my fortune to live and work from the ancient and innovative city
Firstly - Greetings from Cambridge
3. During my talk - please
consider….Your Life’sJourney
“We may have to give up the life
we have planned, to find and take
up the life that is waiting for us” -
Joseph Campbell
Our Vision and
Aspirations are
important but may be
difficult to realise
There may be moments
of special challenge and
“calls to adventure”
Using my Life’s Journey as an example and a few
great lives too - to stimulate your own thoughts
about the future
4. ALL stories start with PEOPLE
But let’s start at the
beginning
I started life like
everybody else.
This is my
grandson when
one day old
EVERYONE begins like
this - however famous
or successful they may
eventually become
5. A Life’s Journey which has taken me around the
world in three phases
In examining this personal story we will discuss - Creativity,
Innovation, Entrepreneurship and the importance of Research,
Innovation and how these can lead to new business start-ups
1. From Youthful Vision to a professional position in Biomedicine
2. A “call to adventure” and a new motivation leading to a
transformation from medicine to business. Progress in
international business and experience towards Entrepreneurship
A new “call to adventure” and conversion to an Entrepreneurial
life and Academic engagement
6. I was born in 1940 in London
By the time I was five - lots of London and other
cities in Europe looked like this. Not an easy time.
7. An uneventful childhood in a poor but happy family followed the war
my progress:
Primary School
Grammar School
Aspirations to study A levels and go to University and Medical
School
Aspirations not realised due to need of family for me to work
Instead - six years of full time work and training in Clinical
Laboratory Bioscience (next best thing to Medicine). Four nights
a week at evening classes
Working in the shadow of Heroes and Heroines of Medical
Science
Eventually - a graduate Biomedical Scientist
8. Louis Pasteur
The discoverer of Bacteria - a
monumental step for medical
science
“Chance
favours the
prepared mind”
Louis Pasteur
The fascination
of the
Laboratory
9. Sir Alexander Fleming
The discovery of
Penicillin 1927
But not available to
save lives until
1942
Remember Pasteur - “Chance favours the prepared mind”
The Penicillin story is a great example
10. A mistake led to the discovery of
Penicillin
Fleming left a window open close to his culture plates over a weekend
- and when he cam back - some colonies of bacteria had been killed.
His mind was prepared and he discovered what killed them - a mould
blowing in a Penicillium mould.
11. Innovators and
Entrepreneurs
have often been
great
improvisers
and overcame
big obstacles
including lack
of cash
From old
washing
machines and
car parts to….
Another Hero - Dr Willem Kolff
He didn’t think of himself as an Entrepreneur but he was
13. Marie Curie – Maria Salomea Skodowska - How many
lives did she save or change ?
There have
been many
HEROINES !
The men
don’t have all
the glory
Fighting to
overcome the
scourge of
cancer. Had
to fight
resistance
and the
establishment
FIRST woman to win Nobel Prize and won TWO. First
woman Professor at University of Paris
Died of radiation poisoning
14. I specialised and graduated in
Haematology - the study of blood
and blood diseases
All the way from collecting blood to doing all the blood
tests and recognising different blood cells
15. Microscopic picture of normal red
blood cells
The transporters of essential oxygen to
all our body cells. Manufactured in our
bone marrow
16. And I learned to recognise all of the
variants of infection fighting white blood
cells
17. And suddenly - a “Call to
Adventure”
Not a
professional call
but a very
personal one
Human beings
have hearts as
well as heads
18. A young lady appeared on the scene
The thoughts of married and family life were
strong
But financial
pressures were
severe
Ambition stirred
and a new world
was revealed
19. A transition from “life in the lab” with no knowledge
of business or entrepreneurship….
Crossing the threshold after a call to adventure to a
new world - exchanging my white coat for a suit, tie
and salesman’s briefcase
21. What did I learn and what impressed me working 6
years in a general hospital pathology laboratory?
I learned lot about people in many situations
I learned about the impacts of sickness
And the great value of those motivated to be
healthcare professionals
I learned from Pasteur and others - that lessons in
one field can be applied elsewhere - his great
quote
I learned about the importance of attention to detail
and professionalism - trust and honesty
I learned about responsibility and accountability
I saw the value of “thinking out of the box” like
Willem Kolff
I had my first glimmer about business - from
salesmen selling medical products to me
I had to work with controlled costs - so learned
about expense controls
22. The end of Part One and answering a “call to adventure
Next time….
Learning how to sell
Adjusting to Corporate
Life
Understanding the
Global Economy and
travelling the world
Living with competition
internal and external
Learning about
Marketing
Beginning to understand
business finance
Understanding
entrepreneurship
Considering aspects of “Life Balance” and dealing with
pressure
On my
way!
26. A Life’s Journey which has taken me around the
world in three phases
In examining this personal story we will discuss - Creativity,
Innovation, Entrepreneurship and the importance of Research,
Innovation and how these can lead to new business start-ups
1. From Youthful Vision to a professional position in Biomedicine
2. A “call to adventure” and a new motivation leading to a
transformation from medicine to business. Progress in
international business and experience towards Entrepreneurship
A new “call to adventure” and conversion to an Entrepreneurial
life and Academic engagement
27. The end of Part One and answering a “call to adventure
Next time….
Learning how to sell
Adjusting to Corporate
Life
Understanding the
Global Economy and
travelling the world
Living with competition
internal and external
Learning about
Marketing
Beginning to understand
business finance
Understanding
entrepreneurship
Considering aspects of “Life Balance” and dealing with
pressure
On my
way!
28. Call to Adventure - Crossing the Threshold into a new world
My new company Headquarters - Chicago
Start of a 20 year career journey in Baxter Healthcare Inc
Began in UK - Salesman
Promotions - Regional Manager - National Sales Manager
To Brussels - European Marketing Manager
Back to UK Director of Marketing
To Chicago HQ - Assistant to International President
To South Africa to work with Joint Venture
Across America and Worldwide Travel - South America - Asia
Assigned to study and learn Manufacturing and Quality Control
Return to Europe - Director North Europe including Scandinavia
Appointed Managing Director UK, North Europe and Africa
Studies for MBA at European Business School - INSEAD
A life’s journey at Baxter alone
After 20 years - another Call to Adventure - changed Industries
29. My passion for
Healthcare and
Medicine came
with me to
Baxter
Remember my
hero of the
1940s - Willem
Kolff
He had joined Baxter before me and was in America by the
1960s
31. Baxter had invested in his technology and developed
it into a sophisticated modern system
And enabled patients with failed kidney’s to have
dialysis treatment at home like this man. There were
many other life saving products for hospital and home
use. I was highly motivated.
32. My new Learning Adventure - Marketing
Working in the hospital Marketing and Sales were not words I ever used
Understanding people
Customers and
Competitors
33. A new language for a new world
And eventually onwards to Manufacturing, Quality
Assurance, Regulatory Affairs and Human Resource
Management as a Generalist
34. Exchanging a lab coat for a business
suit and tie
Getting used to a life of business
meetings and negotiations and learning
to sell
35. I learned how difficult research and
New Product Development can be
I was eventually Chairman of the
International New Product
Committee
36. I began to appreciate the importance of Imagination, Innovation and
Invention to progress in any industry and the world
“Imagination is more important than Knowledge
– Knowledge is limited, Imagination encircles
the world” - Albert Einstein
37. Einstein’s words have remained with me
throughout my life
“An Idea is not an Invention - an Invention is not a
Product - a Product is not a Company”
38. “You look at things
and ask - why?
but I dream of
things that never
were and ask -
George Bernard Shaw
why not?”
And then - Entrepreneurship – what is it? I first
asked myself.
“WHY NOT” people change the world “YES
BUT” people hold things up…more “WHY
NOT PEOPLE” please step forward. You are
more likely to get funded.
39. Some Lessons from my 20 Baxter Years
“Imagination is more important than Knowledge
Research, Science and Business can work well together
The importance of understanding Cultural differences
Effective Communication is at the heart of best practice
Sales and Marketing
The value of developing international understanding
Innovation and Creativity demand significant time and
patience
Interpersonal Skills are vital for sustained organisational
success
The Business World is tough and can be brutal
Creating a Work-Life Balance is important but difficult
But another Call to Adventure came after
20 years to a family man with a wife and
four children
40. The new Call to Adventure
Changing Industries and focussing on finance….more next time
41. At our next meeting - more Calls to Adventure and the
importance of Entrepreneurial thinking and
development
The Value of Networks, Ecosystems and
Connectedness in Business and Academia
And “Back to the Future” From Multinationals to
start-ups
42. Thank You for Listening
alan@alanbarrell.com
www.camlg.com
44. A Life’s Journey which has taken me around the
world in three phases
The concluding part of the story - continued industrial
experience and engagement in academia as well as focus on
entrepreneurship and new business creation.
1. From Youthful Vision to a professional position in Biomedicine
2. A “call to adventure” and a new motivation leading to a
transformation from medicine to business. Progress in
international business and experience towards Entrepreneurship
A new “call to adventure” and conversion to an Entrepreneurial
life and Academic engagement
45. After 20 years at Baxter Healthcare -a new Call to Adventure
Changing Industries and focussing on rapid international
business development; moving towards entrepreneurship and
start-ups and developing a passion for China
46. Willett’s Business
Coding and Labelling
Machines and Consumables
For the Packaging and Printing
Industries. “Computers that print
on production lines”
47. Willett International Ltd
In the beginning and early days when I joined
• Late ( LAST ) to market
• No protectable I.P.
• No technology advantage – “the worst products”
• Always strapped for cash – private company
• BUT – always “independent”
• Highly entrepreneurial – profits re-invested for
growth.
48. Willett International Ltd
A Marketing Strategy
• Positioning, Differentiation and Branding
• “The World’s Coding Company”
• Outstanding People
• “Not another Ink Jet Company”
• Broader product Range
• Outstanding Marketing
• “The Best” technical service and support
• Focus on Training – Staff and Distributors
• Applying the knowledge and experience gained with
Baxter
49. Worldwide success. 14 subsidiaries
and 80 distributor partners - in 100
countries after six years
50. Willett - China Market Entry and Growth
Market entry 1994 after extensive
research
Joint Venture with local company
Willett had 93% of equity. Alan Barrell
Chairman of the Board
Selected Zhuhai Guangdong as location
UK Managers established factory
Chinese team and workforce recruited
Replaced UK management with Chinese
after one year
Zhuhai became Asian manufacturing
hub and regional service centre
Established sales offices nationwide
Company succeeded rapidly - became
biggest sales company rapidly
The lessons learned….
51. Research and Preparation paid off ++++
Chinese Management and open-minded
UK leadership enabled the creation of a
Chinese Willett company
Local market research was critical
Partner search and selection even
more important
Chinese Management with close
rapport with local government and
party proved invaluable
Patience in learning and developing
trust was needed
Investment of time and ££££ was
significant
There are no shortcuts to success!
52. Success factors I learned about in International Baxter
and Willett companies. Organising as companies grow.
Comprehensive elements in operations.
Vision and
Purpose
Reward &
recognition systems
Team spirit & team
building/team work
Knowledge &
learning facilitation
Technology & product
development &
management
Firm financial
management
International
marketing & business
development
Measures &
accountability
Inspired
leadership
Clear objectives
Common culture &
shared values
Good management
practices
Clear
direction
54. Wonderful lessons about customs, culture,
politics and diplomacy in international
business
Building alliances and relationships
takes a lot of time and patience
55. 带着创新和创业精神,连接各大洲,创造一个无国界的世界
Connecting our Universities and our Companies
China-UK –Working Together - Developing trade and
educational partnerships
Connecting across Continents – creating a World Without Borders – with INNOVATION and
ENTREPRENEURSHIP
56. Another “Call to Adventure” - opportunity to
engage in teaching and research
And the Willett period introduced me to Chinese networks and Universities
57. Appointments in a number of Chinese
Universities
University of Xiamen - my first University
Professorship and the most beautiful University
Campus I know
60. Honoured with a Doctoral Degree
And working with Universities in UK
and across Europe too.
61. Later life as well as teaching -
stimulated to help turn research into
products and business
Turning R&D into products or services is
challenging and demands a holistic
approach
62. Which led me to focus on Product Development Evolution
and the Money Supply Chain
From Idea to Marketplace
The Commercialisation of Research and Start-Ups
Innovation combined with entrepreneurship and willingness to work
on risk businesses has become a major focus.
Have participated in 20 start-ups - and some failed. Failure is part of
positive learning how to do better.
63. “You look at things
and ask - why?
but I dream of
things that never
were and ask -
George Bernard Shaw
why not?”
Remember - from last time? - Entrepreneurship – what
is it?
“WHY NOT” people change the world
Entrepreneurs change the world!
64. A. .Bullen, Eurodigimeet, Paris, 8th May 2007
An IDEA is NOT and INVENTION
An INVENTION is NOT a PRODUCT
A PRODUCT is NOT a COMPANY
From IDEA to PRODUCT in a MARKET through a COMPANY
can be a long and difficult journey! Learning through experience
Sharing some realities about Business Start-ups
65. It got me into thinking about Sources Of Business Finance
Maturity
Risk
“Our Money”
Family and Friends
Fools
Business Angels
Early Stage VC
Expansion Capital
B
A
N
K
F
I
N
A
N
C
E
??
Seed Funds
Pre-IPO
Research Money from
numbers of streams
Grants for
companies – e.g.
Innovate UK, SBRI
European Union
Funds
But Entrepreneurial thinking and the internet
have changed the world – including the world of
Finance
66. The Developing World of Business and Enterprise Finance
“Alternative Finance”
Impact of the Internet and Social Networks
A NEW world of communication and interaction
More “power to the people”
Impact of Innovation and Entrepreneurship
Failures of Western Banking System
Crowd Funding including Peer to Peer Lending
Impact Investing
“Collaborative Capitalism”
Microfinance
“A Brave NEW WORLD!”
Some speak of “The Democratisation of
access to Finance”
And we wrote a book to help entrepreneurs
with fund raising
68. Prof. Alan Barrell has been honoured with The Queen’s Award for Enterprise
Promotion in the UK and with membership as Knight First Class of the Order of the
White Rose of Finland for services to Education.
And the blessings of a wonderful family.
Work - Life balance is important
Moments of pride and fulfilment
69. A Cambridge Award presented by a great
entrepreneur
At Clare College Cambridge with Lord Karan
Bilimoria - founder of Cobra Beer
70. Very important - my own family
Four married children and eight grandchildren
The picture was taken eight years ago
Older grandchildren already graduated
71. Closing messages pointers for the
future from what I have learned
Think Global and be a citizen of the World
Consider the benefits of “A World Without Borders”
Imagine - Imagination is more important than
Knowledge
People are the greatest resource available to us all.
Trust between people makes a huge difference
Lifelong learning is open to all
Entrepreneurs change the World
72. Consider….Your Life’s Journey
What are you
passionate
about?
How will you
“invest” your
life?
What is or
may be your
“call to
adventure”?
Do you want
an “ordinary”
life? Or
something
special?
What might
people write
about you? Or
would you
care?
How do you
measure
happiness and
fulfilment?
“We may have to give up the life
we have planned, to find and take
up the life that is waiting fore us” -
Joseph Campbell
Closing questions for YOU
73. Thank You for Listening
alan@alanbarrell.com
www.camlg.com