entrepreneurial leadership

PowerPoint Presentation

Entrepreneurial Leadership2016-02-26

Bryan Guido Hassin@guido23

1

This is how people believe entrepreneurship happens

This is how entrepreneurship really happens!

Source: AVC.com

Im an entrepreneur / former professor of entrepreneurial leadershipFounded/led four startups

IoT office energy management

Web energy analytics

Digital social business card

Mobile/wireless disaster response

Educated at Rice (computer science) and IMD (business)

Entrepreneurial Leadership

A startup isa temporary organization used to search for a repeatable and scalable business model Steve Blank Large Companies Execute Known Business ModelsVentures Search for Unknown Business Models

Startups are not small versions of large companiesLarge Companies Execute Known Business ModelsVentures Search for Unknown Business Models

Large companies are long on planning...

But plans are poor tools for new & unknown customers & markets

Everyones got a plan until he gets punched in the face.-Mike Tyson

Traditional leadership doesnt cut it in entrepreneurship


Lets first examine what makes entrepreneurs successful

New research on consistently successful entrepreneurs

Expert entrepreneurs start with means and create opportunities

Source: Effectual Entrepreneurship

Expert entrepreneurs expand their means with partnershipsSource: Effectual EntrepreneurshipNew End3

Expert entrepreneurs embrace failure and leverage surpriseSource: Effectual Entrepreneurship

Expert entrepreneurs set affordable loss and control returnsSource: Effectual Entrepreneurship

EntrepreneursFor a given level of risk, entrepreneurs feel theycan expand the problem space and increase returnsFor a given level of return, bankers feel they canreduce the problem space and decrease risk.Step 2Push creativelyto increase returnStep 2Try to reduce risk through insurance, etc.Step 1Pick a comfortablelevel of riskStep 1Pick a target returnRiskReturnHighHighLowLowLowLowHighHigh

Bankers

RiskReturn

Expert entrepreneurs control the unpredictable futureSource: Effectual Entrepreneurship

MatureEntrepreneurship

Effectual principles can be illustrated with jars of marbles

?

1: Predictable2: Risky3: UnknowableYou win the game by selecting a red marbleEntrepreneurship is like Jar 3

Expert entrepreneurs add as many red marbles as they can

3: UnknowableAnd they make friends who have more red marbles to addYou win the game by selecting a red marble

Or else they create a new game where blue marbles win

3: UnknowableYou win the game by selecting a blue marbleIf they and their friends only have blue marbles


Practice and develop divergent thinkingRather than telling your employees what to do / where to goAsk, What is possible?Ask, What else is possible?

Constant, honest appraisal (self and 360) to know thy means

Foster more collaborationPair programmingTeam projectsNew End3

Increase hit rate of serendipity

Push employees out of the buildingProfessional development/trainingEngage with customers

Question everything until you have validated evidence

Is that a fact or a hypothesis?Why?Why not?

Be a Secure Base for employees to create the futurePerson, place, or thing that will always be there for you

Gives you confidence to take risks

Identify and lean on your secure bases

Source: Hostage at the Table

Entrepreneurial Leadership2016-02-26

Bryan Guido Hassin@guido23

28

entrepreneurial leadership

Leadership & Management