Pioneering & Entrepreneurial skills London, May 5 th, 2016

a person who sets up a business or businesses, a person who sets up a business or businesses, taking on financial risks in the hope of profit. OED Entrepreneur + capital = products + customers = business

. ‘ An entrepreneur searches for change, responds to it and exploits it as an opportunity. to it and exploits it as an opportunity. Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different service or business.’ opportunity for a different service or business.’ Peter Drucker The entrepreneur is our visionary, the creator in each of us. We’re born with that quality and it defines our lives as we respond to what we see, hear, feel and experience. It is developed, nurtured and given space to flourish or is squelched, thwarted, without air or stimulation and dies.. Michael Geiber.

‘The key is just to sit on the bike………. and the key to getting on the bike is to stop thinking about there are a hundred reasons I might fall off and just jump on and peddle the thing. You can pick up a map, a pump and better footwear on the way.’ Dick Costolo, CEO of Twitter

Entrepreneur spirit ‘‘ the doing of new things or the doing of things that are already done in a new way.’ in a new way.’ Joseph Schumpter

‘ entrepreneurs create and build the future and they are to be found in every walk of life and in every group of people. We also believe that every community, every public organisation and every private corporation has within it entrepreneur potential waiting to be released.’. John Thompson & Bill Bolton.

‘There is something indefinable in an entrepreneur and I saw it in Steve Jobs. ‘ Nolan Bushnell

Moneyball

Archegos

looking to Jesus the pioneer and perfector of our faith’ ‘ looking to Jesus the pioneer and perfector of our faith’ Hebrews 12;2 ‘in bringing many children to glory, should make the pioneer of their salvation perfect through sufferings.’ Hebrews 2:10 ‘and you killed the pioneer (author) of life, whom God raised from the dead’ Acts 3;15 God exalted him at his right hand as Pioneer (Leader) and Saviour’ Acts 5;31

Archegos ‘one who takes a lead in, or provides the first occasion of anything.’ occasion of anything.’

Archegos about Jesusabout Jesus uniquely centred on cross and resurrectionuniquely centred on cross and resurrection derived pioneering derived pioneering costlycostly

Effectuation thinking Saras Sarasvathy /

Three categories of means Who am I ? What do I know? Who do I know ?

Effectuation

Four basic principles Bird in the hand principleBird in the hand principle Affordable loss principleAffordable loss principle Lemonade principleLemonade principle Crazy quilt principleCrazy quilt principle

‘ I put together elements that were already there, but that is what inventors always do. You can’t make up new elements usually. The new element if any, was the combination, the way they were used.’ Kary Mullis, Nobel Laureate in chemistry.

Six elements required for pioneering ) (not sequential, co exist and intertwine ) 1.Dissatisfaction 2.Exploration 3.Sense making 4.Amplification 5.Edge of chaos 6.Transformation

Four ingredients of new narrative 1.Punctuation 2.Elaboration 3.Progress 4.Motivation So realign materials, discussions and So realign materials, discussions and organisational forces around new relationships and practices.

Causation Effectuation This is what we will action Lets see what works Work on measurable risks Affordable loss Long term planning Proceed experimentally Destination known Unpredictable

What are danger signs ? Blinkered – We seek out information that supports our existing beliefs, and we ignore information that doesn’t fit Complacent – We see no urgency to change, our experience and deep pockets will see us through Overbearing and arrogant – We know better because we have succeeded in the past

Question for discussion? How can you encourage this kindHow can you encourage this kind of entrepreneurial change where you work ?

Bolton and Thompson ‘An entrepreneur is a person who habitually creates and innovates to build something of recognised value around perceived opportunities.’ ‘Talent, temperament & opportunities’

Focus. able to deliver on the opportunity Advantage. select correct opportunity Creativity. generative of ideas Ego. psychological core Ego. psychological core Team. build participating team Team. build participating team Social kingdom entrepreneurs plus opportunities FACETS

Question for discussion? What do you make of the FACETSWhat do you make of the FACETSmodel?

Question for discussion? 1.What has been your major learning tonight ? 2. What will you do differently ? 3. How has your view of entrepreneurship changed?

Disturb us Lord, when we are too well pleased with ourselves, when our dreams have come true because we have dreamed too little, when we arrived safely because we sailed too close to the shore. Sir Francis Drake

Disturb us Lord, to dare more boldly, to venture on wider seas, where storms will show your mastery, where losing sight of land, we shall find the stars. We ask you to push back the horizons of our hopes, and to push into the future in strength, courage, hope and love. Amen Sir Francis Drake

The Five Habits of Highly Innovative Leaders

Questioning /

Observing /

Networking /

Experimenting /

Associational Thinking /

/ Need leaders with discovery skills rather than delivery skills rather than delivery skills

Questions for discussion? Which of these dangers have you experienced?