entrepreneurial dna - how it works in enterprise programs
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Copyright I2R (UK) Ltd. 2010
Copyright I2R (UK) Ltd. 2010
Using E-Scan for aspiring entrepreneurs
Delivered by Ideas 2 Reality
to the SPEED WM project at University of Wolverhampton – March 2010
Copyright I2R (UK) Ltd. 2010
If you had an insight..
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…into the people you were working
with…
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…would it make your life easier?
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The motives for becoming an entrepreneur are varied, yet all are based on one or more of…
Need for Achievement Need for Autonomy Need for Power
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About E-Scan
• Fully automated entrepreneur profiling tool
• ‘Stand alone’, with a review or combined with mentoring.
Copyright I2R (UK) Ltd. 2010
About E-Scan
• 360˚ Feedback - ‘bigger picture’ from colleagues, mentors or customers.
• Entrepreneurial Thinking Styles – how we think at work
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About E-Scan
• Opens the mind; increases desire to learn more about entrepreneurship.
• Feeds directly into learning and development provision.
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The Review process
1. Motivation as an entrepreneur
2. General feedback & Key Points
3. Deeper understanding
4. Learning & Development opportunities
5. Summary of actions and targets
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E-Scan Feedback
‘Excellent’ - Euripides Altintzoglou
‘Inspirational’ - Dave Baines
‘Highly Recommended’ - Ravina Jackhu
‘Shockingly Accurate – Lisa Abrams
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Pilot Study
• Undertaken by SPEED WM
(Student Placements for Entrepreneurs in EDucation – West Midlands)
• February to March 2010
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Pilot Study
• 37 participants
• aged 20-53….in a
• range of businesses
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Pilot Study
• Completed an E-Scan
• Held a review
• Developed understanding
• Set targets and action plans
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Pilot Study
Afterwards…
asked 4 Questions…
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Pilot Study
These were the results…
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Pilot Feedback
• 95% understand more
• 84% are more determined
• 97% are more interested
• 97% it helped identify…
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Pilot Feedback
…in knowing about and
being a better entrepreneur
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Pilot Feedback
• 25 of 37 participants gave 10/10 full marks
• Everyone gave 8 or aboveRecommendation of the E-Scan and Review process
to other aspiring entrepreneurs
0
5
10
15
20
25
30
10 9 8 7 6 5 4 3 2 1
Score out of 10
Num
ber
of
part
icip
ants
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Benefits for the Participant
• Self awareness + plan of action = quick and effective focus on behaviour and activity ~ empowerment
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Benefits for the Participant
• Increased desire and determination to build understanding of entrepreneurship and own capability ~ performance
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Benefits for the Mentor
• Quicker relationship building.• Closer relationship, leads to
more productive meetings in less time ~ greater progress
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Benefits for a Program Manager
• Quicker matching of resource to need, increasing speed and size of development of individuals ~ increased positive feedback
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Benefits for a Program Manager
• Increased effectiveness of programs, delivering higher percentages of start-ups or value add measures ~ increased or protected budgets
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Benefits for a Program Manager
• New opportunities to develop ‘configurable’ training and development programs ~ increased volume and higher value projects
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What’s Next for E-Scan?
1. Build a certified team of ‘reviewers’ @ Universities and Business Schools
2. Providing or supporting training content
3. Bringing in next generation tools, like the Entrepreneur Competency Monitor
Copyright I2R (UK) Ltd. 2010
Contact Us
Web: www.ideas2reality.co.uk
Tel: 01384 887935
Email: info@ideas2reality.co.uk
Follow: @ideas2reality
Copyright I2R (UK) Ltd. 2010
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