ENTR 6645 summer 2016 lecture 4

ENTR 6645 summer 2016 lecture 4 - ENTR 6645 Corporate...

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1 ENTR 6645 Corporate Entrepreneurship Class 4: Key Challenges in Venture Leadership
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2 Agenda Questions from last class Admin Group Presentation Schedule Individual Presentation Schedule Group Innovation Project Presentations General Colin Powell on Leadership Fortis Venturing A Fortis Venturing B1-B4 Group work and presentations Next Week
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Group Presentations Book Date Stephanie`s Pony Tail June 22 The Moon Belongs to Me June 22 The Little Prince June 22 The Missing Piece June 29 Fight Club June 29 3
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Individual Presentations Student Date R. Bawania June 8 D Steinbock June 8 S. Chovatia June 15 T. Potienko June 15 J.Mason July 6 SKRS Bannari July 6 E. Egervari July 13 4
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5 What Are the Key Challenges in Venture Leadership? We don’t really know what makes one person more creative than another Steve Jobs A.G. Lafley Jeff Bezos Steven Spielberg Picasso
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What Makes Innovators Different? Genetics? Identical twin studies say no Innovation skills are learned Culturally biased Appears individuals from community based societies less likely to challenge the status quo 6
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The Model 7 Innovative Business Ideas
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What Makes Innovators Different? Associational thinking Creating pathways from one mental location to another Like building blocks 8
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What Makes Innovators Different? Relentless questioning If we did this, what would happen? Questions should outnumber answers 9
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What Makes Innovators Different? Well developed observational skills R& D means rip off and duplicate Reinventing the wheel is a big job Adapting an existing wheel might be a better route to innovation success 10
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What Makes Innovators Different? Interest in and Ability to Network Lots of smart people with good ideas Different eyes can have great value 11
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What Makes Innovators Different? Love Experimenting In life In work 12
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What Makes Innovators Different? Need the courage to innovate Status quo not desired state Willing to take smart risks CEOs with an innovation pedigree spend 50% more time on discovery activities than CEOs with no innovation track record 13
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The Model 14 Innovative Business Ideas
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P&G Believes the Keys Are:
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  • Summer '16
  • Steve Pulver
  • Business, corporate entrepreneurship, key challenges, Fortis Venturing B1-B4 Group, Fortis Venturing B1-B4

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