Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Founding Director& Initial CEO
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KEY STATS
621Startups
2,500StartupEvents
70,000People attended
our events
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Founding Director& Initial CEO
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Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
What is innovation anyway?
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Emerging Markets
Existing market that we do not
serve
Our current market
Our current technology
Existing tech that we do not
use
Emerging technology
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Emerging Markets
Existing Markets that we do not
serve (well)
Our current Market
Our current capabilities
Existing capabilities that we do not use
Emerging capabilities
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Existing and emerging capabilities
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The Increasingly Crowded Unicorn Club
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Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
What does all this mean?
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
FUNCTIONAL JOBS SOCIAL JOBS EMOTIONAL JOBS
Jobs depend on what role your playing; iedad vs husband when going to the movies
What do I need to get done to get an outcome.
What do I need to get done to feel connected to others.
What do I need to get done to feel happy.
JOBS TO BE DONE
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THE OPEN SLOT
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How is all of this actually happening
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POPULAR INNOVATION METHODS
Design Thinking
Lean Startup
Agile Software Delivery David Kelly Steve Blank
Lean Startup Ash Maurya
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LEAN STARTUP VS HUMAN CENTRED DESIGN
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WHAT IS DESIGN THINKING?
DESIRABILITY(HUMAN)
VIABILITY(BUSINESS)
FEASIBILITY(TECHNICAL)
INNOVATION
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WHAT IS DESIGN THINKING?
Empathise
Define
Ideate
Prototype
Test
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Entrepreneurial Thinking
CASUAL VS EFFECTUAL REASONING
GIVENGOAL
M1M2
M3M4
M5
Entrepreneurial Thinking (Effectual)Distinguishing CharacteristicImagining a possible new end using a given set of means
Managerial ThinkingDistinguishing Characteristic
Selecting between given means to achieve a pre-determined goal
GIVEN MEANS
GIVEN MEANSM1
M2
M3
M4
M5
M6
IMAGINED ENDS
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Discover Define Develop Deliver
TYPES OF THINKING
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Research
Product
Concept
MVP
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THE OPTIMAL LEARNING LOOP
Speed
FocusLearning
The optimallearning loop
Chasing your tail
Run out of resources
PrematureOptimization
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Creating and Testing Value Propositions
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THE OPEN SLOT
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Business Model Canvas
Value Proposition Canvas
ALEX OSTERWALDER
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Gain Creators
Pain Relievers Pains
Gains
Products& Services
CustomerJob(s)
Value Proposition Customer Segment
copyright: Strategyzer AGThe makers of Business Model Generation and Strategyzer
The Value Proposition Canvas
strategyzer.com
VALUE PROPOSITION CANVAS
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Prototype and test (MVP)
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MVP ConciergeWizard of Oz/Flintstoning Piecemeal MVP
MINIMUM VIABLE PRODUCT - PROCESS
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WIZARD OF OZ / FLINTSTONING
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CONCIERGE MVP
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PIECEMEAL MVP
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INNOVATION AVENUES
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CORPORATE ACCELERATORS
• Past 3 years 105 corporate accelerators have launched globally
• Many companies have launched multiple, Airbus, Google, Telstra
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CORPORATE VENTUE
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OPEN INNOVATION
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OPEN INNOVATION CONTESTS
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SKUNK WORKS
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LABS
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PLATFORMS
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INTERNAL CONTESTS
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INTERNAL IDEAS PLATFORM
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Case Study DATA61 and WATER
The DATA61 team is using machine learning and predictive analytics to anticipate when a water pipe in Sydney is about to break. Water utility companies can only afford to inspect about 1 per cent of their pipes,
and there is 20,000 kilometres of underground pipes in Sydney alone. Busted water pipes overall cost the Australian economy more than $1 billion a year.
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Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Innovation Environments
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Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
Commercial in Confidence. © 2017 The Beanstalk Factory Pty Ltd ABN 57 606 715 137 All rights reserved
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