The Accidental Intrapreneur: Becoming the Knowledge Center CEO
Transcript of The Accidental Intrapreneur: Becoming the Knowledge Center CEO
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
January 26, 2016
The Accidental Intrapreneur:Becoming the Knowledge Center CEO
MARY ELLEN BATES BATESINFO.COM
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
What we’ll cover:
Thinking like a business ownerQuestioning assumptionsOffering greater valueEffectively communicating value
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
owl.li/WOsjH
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Thinking like a business owner
Are you seen as overhead?
… or involved in your org’s strategic goals
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
As an (internal) business owner, you…
leverage financial resources throughstrategic info acquisitions
enable smart risk-taking ensure better-informed decisions
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Understand your org’s strategic goals
Read your annual reportWhat’s highlighted?Where’s the money going?What’s changed since last year?Are you visibly contributing to those goals?
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Who are your key clients?
C-suite or equivalentSpecial projects teamsStrategic planning, new initiatives
Value-creators, revenue-generatorsProduct development, major gifts officer, practice
group leader…
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
We love ALL our clients, but…
Triage the urgent from the importantHigh-volume client ≠ priorityDo an annual 20/20 Review
Turn lowest-value 20% to self-serveDevelop new value for highest-value 20%
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Question your assumptions
Where your clients go for infoWhat your clients really wantWhat your clients do with infoWhat they think you can do
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
“But this is what my clients ask for!”
Clients only ask you to do what they thinkyou can do
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
What do they value most?
“I’m sure that they value ....”
Oh, yeah???
Time for reality-check interviews!reluctant-entrepreneur.com/resources
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Reality-check interviews
It’s all about them, not youListen for limiting assumptionsListen for your competitionBe prepared to drop legacy services
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Reality-check questionsHow do you prepare for a strategic decision?What’s keeping you from achieving your goals?What do you wish you knew about our stakeholders orcompetitors?What Knowledge Center services would support youstrategically?
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Purge your assumptions buffer
What is most valuable now?What should you retire?Who is doing interesting things?
What’s the scariest thing I could do next?
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Are you frictionless?
How easy is it to find you?How easy is it to talk with you?How responsive do your clients say you are?
Have you asked them lately?
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
ASK for complaints
Did you get what you needed?How easy was it to use?What would make it more useful?
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Offering greater value
Good information isn’t enough (TL;DR)Provide answersTell a story, with pictures!Promote dissatisfaction with data dumps
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Explore the questions they didn’t ask
Request:I need info on hackers getting into cars’ onboardcomputers
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Explore the questions they didn’t ask
What geographic region?What companies are mentioned?Who is writing about it?Who’s being quoted?Was this one-time or ongoing?
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Share of Voice charts
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G E C E N T E RC E O
Communicating value effectively
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
It’s our job to recognize and
demonstrate our value, not our
clients’ job to figure it out.
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
How do we do that?
Use language your audience usesReality-check interviewsYour org’s value statementInfo service providers’ value statements
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
From reality-check interviews
Why do you use the knowledge center?
How would you describe the knowledge center’sservices to a colleague?
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Info co’s value statement
Factiva:
Helping today’s executives make betterbusiness decisions faster
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
When you describe yourself...
Is it a WHAT or a WHY?
"We search premium databases" or"We provide insights from the outside"
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
WHAT or WHY?
"We provide research services" or"We help staff make better decisions"
"We are experts in organizing information" or"We make critical research findable"
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Keeping track of the WHY
Do you track examples of your impact?
What changed as a result of your work?
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Are you counting what matters?
Activity metrics (ZZZzzzzzz)Econtent usage, # of research requests
Result metrics (!!!!!!!!!)Patents awarded, clients won, awards received…Don’t know? ASK!
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
“But they don’t listen!”
Trouble-shooting guide:Audience—WHO you are talking toMessage—WHAT you sayMethod—HOW & WHERE you say itTiming—WHEN & HOW OFTEN you talk with your
market
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
Our message:
The knowledge center hasstrategic info resources,
strategic info experts,and contributes to strategic goals
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
owl.li/WOsjH
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T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G EC E N T E R C E O
T H E A C C I D E N T A L I N T R A P R E N E U R : B E C O M I N G T H E K N O W L E D G E C E N T E RC E O
THANK YOU
To learn more about Factiva and contact sales, visitdowjones.com/factiva
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Mary Ellen [email protected]
+1 303 772 7095BatesInfo.com | Reluctant-Entrepreneur.com
Twitter: @mebs