1. Innovation and Entrepreneurship Joe Drumgoole http://twitter.com/jdrumgoole

2. Overview Innovation The outcome Entrepreneurship The process

3. Innovation Doing something different rather something better Innovation is about society and economics Innovation is a diagnostic discipline Organisations: Resources, Processes, Culture Increase the yield of resources A culture of innovation A process that supports innovation

4. Entrepreneurship The purposeful and organised search for changes and the systematic analysis of the opportunities such changes might offer for economic or social innovation

5. Sources Of Innovation – Internal The Unexpected The Incongruity A Process Need Changes in Industry Structure/Market Need

6. Sources of Innovation - External Demographics Changes in Perception New Knowledge

7. Sources of Innovation – High Risk The Bright Idea

8. Entrepreneurship Entrepreneurship is a behaviour rather than a personality trait

9. Do Be systematic Inquire, listen, perceive Keep it simple, retrospectively obvious Start Small Aim for Leadership

10. Don‘t Be too clever Diversify Innovate for the future

11. Entrepreneurship in a Large Organisation Employees Hit your 5’s Organisations : Abilities and Disabilities Think about the opportunities at a micro-economic level Make your boss successful Fail Fast Ignore everything that’s said, watch everything that’s done Accept a certain amount of idiocy

12. Entrepreneurship in a Large Organisation Management Innovation requires work Abandon the old, reprioritise Be greedy for new things 6 Thinking Hats : Green and Yellow Innovative efforts have a high probability of failure Focus on opportunity not BAU Listening rather than talking No about risk, about risk elimination Separate the new from the old Be accountable

13. To Succeed Technical Excellence Demonstrable track record Exemplar External approval Business Excellence Understand the stuff your not expected too Know your audience Selling Listen Execution Excellence Gets things done Tenacity Understand the organisation

14. Conclusions Its an economic discipline Need to be explicit about innovation It takes time Easier and harder in large organisations Successful Innovation = Longevity Microsoft, IBM, Procter & Gamble, 3M Unsuccessful Innovation = Death British Leyland, Data General, Digital, Compaq