Problem Solving, Team Building, and Innovation Strategy
Presenter
Presentation Notes
This presentation is going is going to quickly go over some broad guideline lines for mentoring
Building a Business is NOT Linear
Presenter
Presentation Notes
Over the last 10 years we’ve seen more research about startups, especially with lean startups and Steven Blank [please advise to look at his blog]. what we have learned is that building a startup is not linear. An idea is a hypothesis and it needs to be verified in the process. Everything needs to be verified: product-market fit, price, distribution, promotions, revenue and cost models. Everything.
Shikhar Ghosh, senior lecturer at Harvard Business School (2012):-More than 95% of start-ups fail- 2000 companies that received venture funding, 2004-2010- 10 start-ups:
- 3 to 4 completely fail-3 to 4 return original investment-1 to 2 produce substantial returns
Problem Solving
• Vouloir c'est pouvoir
• Art of balancing
• KISS
– Keep It Short & Simple
• CBA
– Cost-Benefit Analysis
• FAN:
– Feasible; Attractive ; Novel
M. Jackson is an inventor
Presenter
Presentation Notes
By filing a patent application for the “Method and Means for Creating Anti-Gravity Illusion,” Michael Jackson let the cat out of the bag. The heel of the shoe is designed to detachably engage a hitch that retractably projects through the stage floor. By anchoring the heel to the floor, the dancer can lean forward and the illusion of defying gravity is achieved. His untimely death has subjected Michael Jackson’s personal choices to debate, but his dedication to creating and protecting his art is unquestionable. http://www.youtube.com/watch?v=TrOzBDdKGY4
3-D Process of Making Innovation
Innovation
Presenter
Presentation Notes
Information and data is coming at the startup founder so quickly that they cannot digest it all. They often don’t know what to focus on or how to start. They have lots of ideas, lots of things they want to do. The business model helps them and you focus on what is important and helps to put things into steps.
Dữ liệu: • Mẫu• Định lượng
Mong muốn
Thông tin: • Luồng thông tin nhanh• Định tính
Kỷ luật 3D
Kiến thức/Kỹ năng
Đánh giá
Dữ liệu
T.tin
Tưởng tượng trước
Lọc thông tin để có những đầu vào hữu ích
Information Process of Entrepreneurial Decision
Napier, N.K. & Vuong, Q.H. (2013). Serendipity as strategic advantage, in T. Wilkinson (ed.) Strategic Management in the 21st Century – Volume 1: The Operational Environment (pp. 175-199). CT: Praeger/ABC-Clio.
-Sales and Revenue- Differentiation- Trend setting
- New clients-New suppliers and distributorsNew investors
- Team performance- Corporate culture
- Cash balance- Profits- Upstream and downstream connections
OUTPUTS
IMPACTS
SPACE = COMMUNITY, MARKET, ECOSYSTEM
Team/Capacity building
Cash flows & Supply Chain
i2Metrix: Measuring innovation capacity and competitiveness readiness
Genuine entrepreneurs break the rules
1985-86: ASUAG+SSIH
Nicolas Hayek, 1928-2010
Forbes (2010): #232;net worth US$3.9 billion.
Presenter
Presentation Notes
Swiss: handmade, art, expensive >< Japanese: quartz, technology, cheap 1985+1986: fierce competitoin merge of two of Swiss largest watch makers, ASUAG and SSIH.�Hayek was the guy who made them “SWATCH”
Lessons learnt from Illuminate Dance Group: #3 America’s Got Talent Season Sixth