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Founding Director& Initial CEO

KEY STATS

621Startups

2,500StartupEvents

70,000People attended

our events

Founding Director& Initial CEO

What is innovation anyway?

Emerging Markets

Existing market that we do not

Our current market

Our current technology

Existing tech that we do not

Emerging technology

Emerging Markets

Existing Markets that we do not

serve (well)

Our current Market

Our current capabilities

Existing capabilities that we do not use

Emerging capabilities

Existing and emerging capabilities

The Increasingly Crowded Unicorn Club

What does all this mean?

FUNCTIONAL JOBS SOCIAL JOBS EMOTIONAL JOBS

Jobs depend on what role your playing; iedad vs husband when going to the movies

What do I need to get done to get an outcome.

What do I need to get done to feel connected to others.

What do I need to get done to feel happy.

JOBS TO BE DONE

THE OPEN SLOT

How is all of this actually happening

POPULAR INNOVATION METHODS

Design Thinking

Lean Startup

Agile Software Delivery David Kelly Steve Blank

Lean Startup Ash Maurya

LEAN STARTUP VS HUMAN CENTRED DESIGN

WHAT IS DESIGN THINKING?

DESIRABILITY(HUMAN)

VIABILITY(BUSINESS)

FEASIBILITY(TECHNICAL)

INNOVATION

WHAT IS DESIGN THINKING?

Empathise

Define

Ideate

Prototype

Entrepreneurial Thinking

CASUAL VS EFFECTUAL REASONING

GIVENGOAL

Entrepreneurial Thinking (Effectual)Distinguishing CharacteristicImagining a possible new end using a given set of means

Managerial ThinkingDistinguishing Characteristic

Selecting between given means to achieve a pre-determined goal

GIVEN MEANS

GIVEN MEANSM1

IMAGINED ENDS

Discover Define Develop Deliver

TYPES OF THINKING

Research

Product

Concept

THE OPTIMAL LEARNING LOOP

FocusLearning

The optimallearning loop

Chasing your tail

Run out of resources

PrematureOptimization

Creating and Testing Value Propositions

THE OPEN SLOT

Business Model Canvas

Value Proposition Canvas

ALEX OSTERWALDER

Gain Creators

Pain Relievers Pains

Products& Services

CustomerJob(s)

Value Proposition Customer Segment

copyright: Strategyzer AGThe makers of Business Model Generation and Strategyzer

The Value Proposition Canvas

strategyzer.com

VALUE PROPOSITION CANVAS

Prototype and test (MVP)

MVP ConciergeWizard of Oz/Flintstoning Piecemeal MVP

MINIMUM VIABLE PRODUCT - PROCESS

WIZARD OF OZ / FLINTSTONING

CONCIERGE MVP

PIECEMEAL MVP

INNOVATION AVENUES

CORPORATE ACCELERATORS

• Past 3 years 105 corporate accelerators have launched globally

• Many companies have launched multiple, Airbus, Google, Telstra

CORPORATE VENTUE

OPEN INNOVATION

OPEN INNOVATION CONTESTS

SKUNK WORKS

PLATFORMS

INTERNAL CONTESTS

INTERNAL IDEAS PLATFORM

Case Study DATA61 and WATER

The DATA61 team is using machine learning and predictive analytics to anticipate when a water pipe in Sydney is about to break. Water utility companies can only afford to inspect about 1 per cent of their pipes,

and there is 20,000 kilometres of underground pipes in Sydney alone. Busted water pipes overall cost the Australian economy more than $1 billion a year.

Innovation Environments

www.beanstalkfactory.com/mav

Commercial in Confidence. © 2017 The Beanstalk Factory Pty ......Pain Relievers Pains Gains...

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