[tigers@mekong] problem solving, team building, and innovation strategy
TRANSCRIPT
Problem Solving, Team Building, and Innovation Strategy
Building a Business is NOT Linear
Shikhar Ghosh, senior lecturer at Harvard Business School (2012):-More than 95% of start-ups fail- 2000 companies that received venture funding, 2004-2010- 10 start-ups:
- 3 to 4 completely fail-3 to 4 return original investment-1 to 2 produce substantial returns
Problem Solving
• Vouloir c'est pouvoir
• Art of balancing
• KISS
– Keep It Short & Simple
• CBA
– Cost-Benefit Analysis
• FAN:
– Feasible; Attractive ; Novel
M. Jackson is an inventor
3-D Process of Making Innovation
Innovation
Dữ liệu: • Mẫu• Định lượng
Mong muốn
Thông tin: • Luồng thông tin nhanh• Định tính
Kỷ luật 3D
Kiến thức/Kỹ năng
Đánh giá
Dữ liệu
T.tin
Tưởng tượng trước
Lọc thông tin để có những đầu vào hữu ích
Information Process of Entrepreneurial Decision
Napier, N.K. & Vuong, Q.H. (2013). Serendipity as strategic advantage, in T. Wilkinson (ed.) Strategic Management in the 21st Century – Volume 1: The Operational Environment (pp. 175-199). CT: Praeger/ABC-Clio.
entrepreneurship
Monitoring Entrepreneurial Progress
Objects:- Products
-Resources
- Team
- Clients
- Partners
Domains- Readiness to competition
-Entrepreneurial spirit
- Innovation capability
STATE: T0
Objects:- Products
-Resources
- Team
- Clients
- Partners
Domains- Readiness to competition
-Entrepreneurial spirit
- Innovation capability
STATE: T1 (Future)PROCESS
INPUTS- Capital, Human, Land, Technology- Entrepreneurship & Innovation
Product development
-Sales and Revenue- Differentiation- Trend setting
- New clients-New suppliers and distributorsNew investors
- Team performance- Corporate culture
- Cash balance- Profits- Upstream and downstream connections
OUTPUTS
IMPACTS
SPACE = COMMUNITY, MARKET, ECOSYSTEM
Team/Capacity building
Cash flows & Supply Chain
Genuine entrepreneurs break the rules
1985-86: ASUAG+SSIH
Nicolas Hayek, 1928-2010
Forbes (2010): #232;net worth US$3.9 billion.