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


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

serve

Our current market

Our current technology

Existing tech that we do not

use

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

Test


Entrepreneurial Thinking

CASUAL VS EFFECTUAL REASONING

GIVENGOAL

M1M2

M3M4

M5

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

M2

M3

M4

M5

M6

IMAGINED ENDS


Discover Define Develop Deliver

TYPES OF THINKING


Research

Product

Concept

MVP


THE OPTIMAL LEARNING LOOP

Speed

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

Gains

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


LABS


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