e-scan for birmingham city university speed wm programme
DESCRIPTION
http://www.ideas2reality.co.uk [email protected] 01384 887935 An introduction to Ideas 2 Reality and our current operations, together with information of the recent pilot study of the E-Scan carried out by the University of Wolverhampton's SPEED WM programme.TRANSCRIPT
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We help you perform quicker
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Copyright I2R (UK) Ltd. 2010
Gary Lennon
Creativity Director
I2R (UK) Ltd.
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Copyright I2R (UK) Ltd. 2010
Ideas 2 Reality
• Consulting company aiding in advising and planning in order to turn new ideas for existing businesses into reality.
• Currently expanding into other areas of opportunity
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Copyright I2R (UK) Ltd. 2010
Currently involved in…
• Consulting
• Mentoring
• IP Services
• Profiling (E-Scan) and Decision Making (“Test Your Idea”) tools
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Copyright I2R (UK) Ltd. 2010
Mentoring
• Aiding in planning the actions needed in order to successfully start businesses
• Aiding in the entrepreneurial development of the individual
• Providing expertise on how aspiring entrepreneurs can enhance their ideas
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Copyright I2R (UK) Ltd. 2010
Mentoring
Working alongside:
• Sarah Taylor (SPEED WM Programme Manager, University of Wolverhampton)
• Stephen Moore (SPEED WM Programme creator)
In discovering new ways to improve the rate of
successful business start-ups by the
participants.
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Copyright I2R (UK) Ltd. 2010
Mentoring
Now Working alongside: • Dr Nayan Patel (Head of Innovation, BCU) • Ron Brown (Manager of Innovation &
Development, BCU)• Catherine Brown (SPEED WM Project
Manager, BCU)Accelerating the progress of this SPEED WMproject using the experiences with theUniversity of Wolverhampton.
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Copyright I2R (UK) Ltd. 2010
Additionally…
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Copyright I2R (UK) Ltd. 2010
About E-Scan
• Fully automated entrepreneur profiling tool
• ‘Stand alone’, with a review or combined with mentoring.
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Copyright I2R (UK) Ltd. 2010
About E-Scan
• 360˚ Feedback - ‘bigger picture’ from colleagues, mentors or customers.
• Entrepreneurial Thinking Styles – how we think at work
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Copyright I2R (UK) Ltd. 2010
About E-Scan
• Opens the mind; increases desire to learn more about entrepreneurship.
• Feeds directly into learning and development provision.
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Copyright I2R (UK) Ltd. 2010
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
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E-Scan Feedback
‘Excellent’ - Euripides Altintzoglou
‘Inspirational’ - Dave Baines
‘Highly Recommended’ - Ravina Jackhu
‘Shockingly Accurate – Lisa Abrams
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Copyright I2R (UK) Ltd. 2010
Pilot Study
• Undertaken by SPEED WM, University of Wolverhampton
• February to March 2010• 37 participants • aged 20-53….in a range of
businesses
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Pilot Study
• Completed an E-Scan
• Held a review
• Developed understanding
• Set targets and action plans
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Pilot Study
These were the results…
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Pilot Feedback
• 95% understand more
• 84% are more determined
• 97% are more interested
• 97% it helped identify…
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Pilot Feedback
…in knowing about and
being a better entrepreneur
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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
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Benefits for the Participant
• Increased desire and determination to build understanding of entrepreneurship and own capability ~ performance
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Benefits for the Mentor
• Quicker relationship building.• Closer relationship, leads to
more productive meetings in less time ~ greater progress
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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
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What Happens Next?
1. Send an email to all participants with content and SPEED WM report
2. Send links to take E-Scans
3. Book review appointments
4. Hold reviews
5. Participate in feedback