Entrepreneurial DNA - How it works in enterprise programs

Copyright I2R (UK) Ltd. 2010


Using E-Scan for aspiring entrepreneurs

Delivered by Ideas 2 Reality

to the SPEED WM project at University of Wolverhampton – March 2010


If you had an insight..


…into the people you were working

with…


…would it make your life easier?


The motives for becoming an entrepreneur are varied, yet all are based on one or more of…

Need for Achievement Need for Autonomy Need for Power


About E-Scan

• Fully automated entrepreneur profiling tool

• ‘Stand alone’, with a review or combined with mentoring.


About E-Scan

• 360˚ Feedback - ‘bigger picture’ from colleagues, mentors or customers.

• Entrepreneurial Thinking Styles – how we think at work


About E-Scan

• Opens the mind; increases desire to learn more about entrepreneurship.

• Feeds directly into learning and development provision.


The Review process

1. Motivation as an entrepreneur

2. General feedback & Key Points

3. Deeper understanding

4. Learning & Development opportunities

5. Summary of actions and targets


E-Scan Feedback

‘Excellent’ - Euripides Altintzoglou

‘Inspirational’ - Dave Baines

‘Highly Recommended’ - Ravina Jackhu

‘Shockingly Accurate – Lisa Abrams


Pilot Study

• Undertaken by SPEED WM

(Student Placements for Entrepreneurs in EDucation – West Midlands)

• February to March 2010


Pilot Study

• 37 participants

• aged 20-53….in a

• range of businesses


Pilot Study

• Completed an E-Scan

• Held a review

• Developed understanding

• Set targets and action plans


Pilot Study

Afterwards…

asked 4 Questions…


Pilot Study

These were the results…


Pilot Feedback

• 95% understand more

• 84% are more determined

• 97% are more interested

• 97% it helped identify…


Pilot Feedback

…in knowing about and

being a better entrepreneur


Pilot Feedback

• 25 of 37 participants gave 10/10 full marks

• Everyone gave 8 or aboveRecommendation of the E-Scan and Review process

to other aspiring entrepreneurs

0

5

10

15

20

25

30

10 9 8 7 6 5 4 3 2 1

Score out of 10

Num

ber

of

part

icip

ants


Benefits for the Participant

• Self awareness + plan of action = quick and effective focus on behaviour and activity ~ empowerment


Benefits for the Participant

• Increased desire and determination to build understanding of entrepreneurship and own capability ~ performance


Benefits for the Mentor

• Quicker relationship building.• Closer relationship, leads to

more productive meetings in less time ~ greater progress


Benefits for a Program Manager

• Quicker matching of resource to need, increasing speed and size of development of individuals ~ increased positive feedback



• Increased effectiveness of programs, delivering higher percentages of start-ups or value add measures ~ increased or protected budgets



• New opportunities to develop ‘configurable’ training and development programs ~ increased volume and higher value projects


What’s Next for E-Scan?

1. Build a certified team of ‘reviewers’ @ Universities and Business Schools

2. Providing or supporting training content

3. Bringing in next generation tools, like the Entrepreneur Competency Monitor


Contact Us

Web: www.ideas2reality.co.uk

Tel: 01384 887935

Email: [email protected]

Follow: @ideas2reality


Date post:	02-Dec-2014
Category:	Business
Upload:	ideas-2-reality
View:	616 times
Download:	1 times