president and founder @rich larson watermark learning bapmtraining - pmi … · 2015-11-14 ·...

Enhanced Performance. Enduring Results.1

Richard Larson, PMP, CBAP, PMI-PBAPresident and FounderWatermark Learning

@Rich_Larson

bapmtraining

Enhanced Performance. Enduring Results.©

Define what entrepreneurship means as it applies to project management

Discuss typical entrepreneurial types and traits and how PM skills can contribute to business growth and competiveness

List the keys to being a successful entrepreneur or intrapreneur

After this presentation you will be able to:


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1. Are you a skilled problem solver who can take on important tasks within your company?

2. Do you tend to see trends in your organization before most others?

3. Are you able to spot business problems before projects have been launched to solve them?

4. Are you able to help your business improve its processes, and may recommend features they did not even realize they need?

5. Do you prefer to grow personally along with the company vs. just putting in time?

Adapted from “10 Things Entrepreneurs Need to Know about Intrapreneurship,”by Murray Newlands, www.inc.com

Answer: Usually Sometimes Rarely


“Entrepreneurs are everywhere.” Eric Ries, The Lean Startup


Someone who “undertakes” something and “assumes risks”

“An individual who, rather than working as an employee, runs a small business and assumes

all the risk and reward of a given business venture, idea, or good or service offered for

sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.” Source: investopedia

http://www.investopedia.com/terms/e/entrepreneur.asp

http://www.investopedia.com/terms/e/entrepreneur.asp


Hamdi Ulukaya, Founder of Chobani Yogurt


“Lifelong” Entrepreneur

“Reluctant” Entrepreneur

“Elder”preneur

Brian Quittner

Linda NagamineLevi StraussCoco Chanel

Judy and Steve Soldinger

???


Someone who “undertakes” something without the same risk

“An inside entrepreneur, or an entrepreneur within a large firm, who uses entrepreneurial

skills without incurring the risks associated with those activities. Intrapreneurs are usually

employees within a company who are assigned a special idea or project, and are instructed to develop the project like an entrepreneur would.” Source: investopedia

http://www.investopedia.com/terms/i/intrapreneur.asp


My Intrapreneurial Journey: Part 1…


”Smart companies want you to become

an intrapreneur because it fuels

business growth and allows them to gain a

competitive advantage in their

industry.”

“Why Companies Want You to Become An Intrapreneur” by Dan Schawbel, Forbes Magazine, Sept. 9, 2013


Change Change Change

Organization Direction and Strategy

Process Improvement

Projects & Programs

BreakthroughInnovation


“58% of managers are either very willing or extremely willing to

support employees…on a new business opportunity

within their company.”

“Why Companies Want You To Become An Intrapreneur” by Dan Schawbel, Forbes Magazine, Sept. 9, 2013


Alan Wizemann, Target Corp.

Sarah Peterson, Target Corp.


Types of Opportunities

Motivation

Internal Politics

From The Lean Enterprise by Trevor Owens and Obie Fernandez



PM Skills and talents are important for Product Management

…and for innovation and startups

PM Skills and Talents


Entrepreneurial Trait/Skill PM Trait/Skill

Innovation Analyzing, proposing, and designing new solutions to meet business needs

Problem-solving Problem definition, Root-cause analysis, Brainstorming

Observation and experience Observation skills, especially participant observation, Benchmarking

Product testing Ensuring all requirements and product features are tested

Influencing skills Especially needed to be treated as a trusted advisor

Communication skills(especially listening)

Asking great questions and listening carefully to answers, both content and affect of them

Portions adapted from The Reluctant Entrepreneur by Michael Masterson

Which of these do PMs have?

Enhanced Performance. Enduring Results.© 18

CTA #1: How can I apply my PM skills in an

entrepreneurial way?


19

Inspiration Passion Commitment

Entrepreneurial Keys


20



“Success is often the result of taking a misstep in the right direction.“Al Bernstein


21

“Just because there’s another product on the market like yours doesn’t mean you can’t be a player. Just create a better product.”

Liz Lange, founder of Liz Lange Clothes,Creating a Business You’ll Love


22

“Every successful business begins with a good idea.”

Michael Masterson, The Reluctant Entrepreneur

vs.


23

Inspiration and Innovationcome from

Experience

What do these examples have in common?

“How you innovate determines what you innovate. Luck plays a role, but it

favors the prepared mind.” Tony Davila, HBR

TIP


24

What else do these examples have in common?

Frustration

“Collaboration drives creativity because innovation always

emerges from a series of sparks, never a single flash of insight.”

Keith Sawyer, Group Genius, 2007

TIP


25

So…What Inspires You?


26




27

Mary Jo Cook Suzanne Sengelmann


Sustains us through

slow times

Fuels our commitment

Customers sense it

28

Entrepreneurial Passion

Loving what we do


29

“Entrepreneurial passion is never having to say you are bored.”

What are YOU passionate about?


bhgrealestateblog.com

CTA #2: How can I act more entrepreneurial?


31



“Success is 10 percent inspiration and 90 percent perspiration.”Thomas Edison


32

“It’s about people, and people connecting with each other in their day-to-day lives.” Craig Newmark, from Creating a Business You’ll Love

“The craigslist community has grown exponentially…but our philosophy about how we run it hasn’t changed at all.”


Confidence Courage

33

Commitment

Competence

Cognizance

“Well Done is better than Well Said.”

Benjamin Franklin


34


”Passion isn’t quite enough. You have to do the hard work,

and the research.” Liz Lange from Creating a Business You’ll Love


Your calls to action (PACE Yourself): P – Prepare yourselfA – Analyze opportunitiesC – Commit to your opportunityE - Evaluate your venture


Define what entrepreneurship means as it applies to project management

Discuss typical entrepreneurial types and traits and how PM skills can contribute to business growth and competiveness

List the keys to being a successful entrepreneur or intrapreneur

After this presentation you should now be able to:


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BibliographyCreating a Business you’ll Love – Top Entrepreneurs Share their Secrets, 2011, edited by Ronnie Sellers, Sellers Publishing, Inc. Group Genius, 2007, by Keith Sawyer, Basic Books.The Innovation Strategy Big Companies Should Pursue,” by Tony Davila, Harvard Business Review, June 2014.The Lean Enterprise: How Corporations Can Innovate Like Startups, 2014, Trevor Owens and Obie Fernandez, John Wiley and Sons.The Lean Startup, 2011, Eric Ries, Random House Inc.The Reluctant Entrepreneur, 2012, Michael Masterson, John Wiley and Sons.Your Small Business Adventure, 2014, James W. Halloran, The American Library Association.

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president and founder @rich larson watermark learning bapmtraining - pmi … · 2015-11-14 ·...

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