Perspectives on Innovation & Entrepreneurship from the Silicon Valley & Stanford. Ryan Chin Senior Associate Director

Transcription

1 Perspectives on Innovation & Entrepreneurship from the Silicon Valley & Stanford Ryan Chin Senior Associate Director

2 Stanford Center for Professional Development Stanford University Curriculum and Research Graduate Programs Professional/ Executive Education Meeting education needs of technology professionals, managers and executives Degrees, Certificates, Individual Courses to meet your education and schedule requirements Stanford Center for Professional Development 2

3 The Innovation Dilemma Innovate or Die Innovation will demand a high degree of uncertainty and failure. Prof. Bob Sutton, Stanford University Stanford Center for Professional Development 3

4 So What is Happening in Silicon Valley? Stanford Center for Professional Development 4

5 Strategic Initiatives for Stanford Engineering! Information Technology! Nanoscience & Technology! Life Sciences! Environment/Energy! Design Institute! Computational and Mathematical Engineering! Stanford Center for Professional Development 5

6 Stanford Center for Professional Development SCPD collaborates with Stanford faculty and industry experts to develop and deliver graduate and professional programs online, on campus and at work to meet the lifelong education needs of technical professionals, managers and executives. Stanford Center for Professional Development 6

7 Innovation at Stanford "We believe the next generation innovators and leaders need to be great design thinkers." David Kelley Stanford Professor of Mechanical Engineering Founder, the d.school and IDEO For over 50 years the Design Group at Stanford University has been studying and solving impossible problems. The Stanford d.school is at the forefront of an international trend to integrate design, technology and business practices to train tomorrow's leaders. Stanford Center for Professional Development 7

8 Stanford Design Thinking EMPATHIZE IDEATE DEFINE PROTOTYPE TEST Stanford Center for Professional Development 8

9 Stanford Design Thinking A means of tapping into sources of organic growth in your organization A perspective on value - Solving real end-user needs will yield the highest value to all stakeholders - A wide variety of numerous alternatives are more likely to produce innovative and unique (higher-value) solutions An approach to solving problems - End-user needs are best understood through experiential research - A cycle of idea modeling and iteration allows for rapid learning and improvement Stanford Center for Professional Development 9

10 Stanford Design Innovation Model Design Thinking Model, David Kelley, Prof. Mechanical Engineering Stanford Center for Professional Development 10

11 Design Thinking Visual Perspective Insights Abstract Ideas Analysis Synthesis Observations Concrete Solutions Stanford Center for Professional Development 11

12 Entrepreneurship at Stanford Stanford Technology Ventures Program Mission of STVP: Research is the backbone of STVP. Our scholars are working on leading-edge issues related to strategy, organization behavior, and finance. The results of our research inform our teaching and outreach efforts. Stanford Center for Professional Development 12

13 Entrepreneurship at Stanford Stanford Technology Ventures Program Thomas Byers Kathleen M. Eisenhardt Tina Seelig Robert I. Sutton Stanford Center for Professional Development 13

14 Entrepreneurship at Stanford Leadership Communication Skills Culture & Teamwork Business Strategy Opportunity Evaluation Innovation Marketing Finance Comfort with Uncertainty Negotiation Organizational Behavior Business Plans Stanford Center for Professional Development 14

15 Connection between Innovation & Entrepreneurship Technology (Viable) Innovation Business (Feasible) Human Values (desirable, usable) Entrepreneurship (making it happen!) Stanford Center for Professional Development 15

16 Lessons for Leaders Silicon Valley has leveraged four keys for success: Stanford talent Financing from Sand Hill Road Risk taking mentality Talent Recycling Stanford programs developed and studied innovation (1950) and entrepreneurship (1988) d.school researches captures the lessons for innovation STVP teaching & research captures entrepreneurship lessons Stanford Center for Professional Development 16

17 Lessons for Leaders The managers of the most innovative teams: Devote less attention to their people Allow them to act without asking for permission first Don t enforce rules as consistently as managers of less innovative teams Stanford Center for Professional Development 17

18 Lessons for Leaders A Year at the IDEO Youth Practice 4000 ideas generated 226 developed into a nice drawing or prototype 12 sold 2 or 3 are moderate commercial successes Stanford Center for Professional Development 18

19 Lessons for Leaders Diverse teams working together toward a common goal Stanford Center for Professional Development 19

20 Lessons for Leaders Argue as if you are right, listen as if you are wrong. Argue and then, fully commit. Stanford Center for Professional Development 20

21 Lessons for Leaders Put more faith in novices, less in experts (and blend them together) Variations: Bring in people who are experts on the wrong thing, or a related but different thing. Stanford Center for Professional Development 21

22 Lessons for Leaders Fail early fail often Failure sucks but it instructs Stanford Center for Professional Development 22

23 Lessons for Leaders After you plant a seed in the ground, you don t dig it up every week to see how it is doing. William Coyne Stanford Center for Professional Development 23

24 Lessons for Leaders Scan the environment - do the research! Customer intimacy Devote time to the future innovation, vision Get feedback from everyone on the team Everything can be a brainstorm & FUN Give permission to experiment and fail to define your future! Communicate, Communicate, Communicate Evaluate, Evaluate, Evaluate! Stanford Center for Professional Development 24

25 Innovation Quotes: Influencing Culture Better to beg forgiveness than ask permission If you re not slightly out of control you re not driving fast enough Life is too short Don t reinvent the wheel Stanford Center for Professional Development 25

26 Extending Stanford Innovation Lille, France week in Lille, week at Stanford Minas Gerais, Brazil week in Belo Horizonte, week at Stanford Stanford Center for Professional Development 26

27 Questions and Conversation Ryan Chin Senior Associate Director Stanford Center for Professional Development scpd.stanford.edu Stanford Center for Professional Development 27