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Leadership Through Creativity. Dr Peter Kelly School of Science, Aalto University. Innovation is the act of introducing something new. Search and Select Strategy. Market already exists in some form Undertake detailed analysis to identify opportunities
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Leadership ThroughCreativity Dr Peter Kelly School of Science, Aalto University
Innovation is the act of introducing something new
Search and Select Strategy • Market already exists in some form • Undertake detailed analysis to identify opportunities • Assess market potential on basis of segmentation and past demand • Assemble resources to exploit the opportunity
Easier to say no than contemplate implications of saying yes
Resource providers conditioned to ask “why” not “why not”
5% of a big number is still a big number
50k – 100k+ is easy to find but then what
We don’t need outside help
An ability to think up and design new inventions, produce works of art, or solve problemsin new ways, or develop an idea based on an original, novel or unconventional approach
Does it actually work?
When does it work?
To get to a more innovative place we need to creatively explore
What Are My/Our Means? • Who I am? • Traits, abilities and attributes of entrepreneur/team • What I know? • Education, experience and expertise • Who I know? • Social networks
I want to invest my time doing this because ...
Affordable Loss:Risk Little, Fail Cheap • Put very small amounts of capital and time at risk to explore with an open mind • Is this something I want to do? • Is this something worth doing? • What informative experiments can I set up to assess riskiness of project? • Risking little implies thinking creatively about how to bring cost of discovery down while … • Primary due diligence
Co-Creator Mentality • Actively seek out potential co-creators • Open mind as to what is being created • Co-creators bring new resources and perspectives to the game • As decisions are made as to what and who are co-creating – choices are made (business plan)
Effectual EntrepreneurshipHolds Great Promise • Where do we spend our time (means) • What do we spend our time doing (affordable loss) • Who do we work with (co-creation) • Open to and seeking out new perspectives (surprise)
Effectual EntrepreneurshipIn Practice • Working in pairs, your challenge is to co-create a wallet that meets BOTH of your needs • Use any available materials & give the offering a name