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WOBI : World of Business Ideas

WOBI : World of Business Ideas
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Welcome | Program in Open Innovation under the Garwood Center for Corporate Innovation 15 Examples of Open Innovation between Big Companies and Startups Open innovation is a strategic game for big companies and one of the most important moves to consider for their innovation leaders is the allocation of focus and resources in the context of open innovation. Here we need to consider that big companies like GE, Cisco or Microsoft tend to have 8-12 different value pools (think suppliers, startups, customers or universities) to consider for their open innovation efforts. The challenge is that even companies that are good at open innovation only seems to be able to handle 3-4 value pools properly at the same time. I have no doubt that the value pool of start-ups and entrepreneurs is highly relevant value pool for most big companies and there are lots of initiatives that underscore my reflections. Just check out this list of corporate (open) innovation initiatives aimed towards startups. GE: This is one of my favourite companies. On the latter, you should check this article: GE launches ‘microfactory’ to co-create the future of manufacturing

7 Steps for Open Innovation by @Lindegaard: Grading Your Company’s Open Innovation Capabilities I am happy to give you access to the PowerPoint presentation deck for my new concept, which I might turn into an open source project (see more below). The premise for the 7 Steps for Open Innovation tool is that if a company is not already fully engaged with open innovation efforts, it is way behind. This is evident by looking at the number of companies around the globe that today embrace the use of external partners and input into their innovation efforts. But even though companies continuously launch new initiatives designed to help them leverage the power of outside knowledge and resources to drive innovation forward, there is a sense within these companies that they can do better and take this new innovation paradigm to an even higher level. They are also eager to get external perspective to make sure they are maximizing results by using best practices in all aspects of their open innovation efforts. 1. inShare0

New Company Ownership = The need for New roles and New Strategy | Dynamis Consulting The Growth Drivers – Executives with Strategy Alignment Key roles in a company under new ownership When all the right pieces of an executive team for a growth oriented company are put together and integrated with a strategic play book, it is very strong asset that a company needs to raise the possibility of success. The current market for companies being sold in the under $75MM in revenue generally have gaps that need to be addressed. Will the CEO be from the incumbent ownership? Is that the prudent way to provide a business as usual with a familiar face while more is happening behind the scenes? Strategy/Corporate Development: This is an integrated role that is collaborative among the whole executive team but reports to the CEO. CFO: This role needs to have a person that looks more like a Chief Integration Officer. Understanding where the revenue comes from. The strategy development from the team does need to be memorialized into a living document and process. Know where you are going.

Capability Maturity Model Integration Capability Maturity Model Integration (CMMI) is a process improvement training and appraisal program and service administered and marketed by Carnegie Mellon University and required by many DOD and U.S. Government contracts, especially software development. Carnegie Mellon University claims CMMI can be used to guide process improvement across a project, division, or an entire organization. Overview[edit] Characteristics of the Maturity levels.[1] CMMI currently addresses three areas of interest: Product and service development — CMMI for Development (CMMI-DEV),Service establishment, management, — CMMI for Services (CMMI-SVC), andProduct and service acquisition — CMMI for Acquisition (CMMI-ACQ). CMMI was developed by a group of experts from industry, government, and the Software Engineering Institute (SEI) at Carnegie Mellon University. History[edit] CMMI is the successor of the capability maturity model (CMM) or Software CMM. CMMI topics[edit] CMMI representation[edit] CMMI models[edit]

70 Awesome Coaching Questions Using the GROW Model The GROW Model is the most common coaching framework used by executive coaches. Given its relative simplicity, many managers have taught themselves the GROW model as a way to structure coaching and mentoring sessions with their employees. GROW is an acronym that stands for: GoalCurrent RealityOptionsWill (or Way Forward) Managers can use the model to help their employees improve performance, solve problems, make better decisions, learn new skills, and reach their career goals. The key to coaching and using the GROW model is all about asking awesome questions. Here are 70 awesome coaching questions managers can utilize, categorized within the framework of the four-step GROW model: Goal: Coaching starts with establishing a goal. Here are ten questions designed to help someone gain clarity on their goal: 1. Current Reality: This step in the GROW model helps you and the employee gain awareness of the current situation – what’s going on, the context, the magnitude of the situation, etc. 1. 1. 1.

The Path of Our Lives “Some men see things as they are and say, why; I dream things that never were and say, why not?” Robert Kennedy/George Bernard Shaw I got a call that reminded me that most people live their life as if it’s predestined – but some live theirs fighting to change it. At 19 I joined the Air Force during the Vietnam War. An Enemy Attack May Make Your Stay Here Unpleasant On the surface, Glen and I couldn’t have been more different. Yet when the Vietnam War wound down, we were both sent to bases in different parts of the U.S. Four Decades LaterLast week I got an email with a subject line that only someone who knew me in the Air Force could have sent. You bet it was overwhelming, it’s been 40 years since I last heard from Glen. On the phone together, I spent an hour with an ear-to-ear grin as both of us recounted, “when we were young, crazy and stupid” stories, stories I still won’t tell my children (which makes me grateful it was life before social media documented every youthful indiscretion.)

Exam Question Detail From GPWiki Sunday 07 of September, 2014 Back to Exam Question What is Your Problem? If we don't know where we are going, every road will take us there... What is the “Exam Question?” Think of the exam question as a Compass Rose... the eight-point compass that has appeared on all maps since the 1300s. Thinking Traps The question of “right exam question” is actually trickier than it seems because of something psychologists call cognitive biases: thinking traps, or perhaps “habitual thinking patterns.” It wouldn’t surprise you to know that people have studied this topic and there is a list of common thinking traps that get in the way of creating a good exam question. Jumping In – Rather than thoughtfully exploring the problem, you immediately jump to answers before figuring out if you’re even asking the right questions. What Does an Exam Question Look Like? Truly there is no magic formula. A good exam question begins with one of the following sentences: What problem are you solving? Summary

Top 50 Universities for VC-Backed Entrepreneurs Many argue the value of a college education for aspiring entrepreneurs. The fact that some of history’s most successful startups – IBM, Apple, Facebook – were all founded by college dropouts is enough to spark that debate. Related: These 20 Kids Got $100,000 to Drop Out of School But a new list from PitchBook shows that a college education isn’t always a hindrance to launching a high-growth company, especially if you attend Stanford University. Stanford alumni led the pack with 378 founders. Another Bay Area school, the University of California, Berkeley, came in second, while four east coast colleges took four of the top seven spots: MIT, Harvard, the University of Pennsylvania and Cornell. There are many factors that contribute to this success: curriculum, location, entrepreneurship programs, etc. Related: Tips for Student 'Treps: Tap into Your Resources at College For now, check out the top 50 undergraduate colleges churning out VC-backed entrepreneurs and innovators.

5 Resources For Discovering New And Exciting EdTech Products How do you decide what apps, software, and web tools to put to use in your classroom? Some of the decision may not be in your hands, if your school uses particular learning management systems or has certain sites or types of tools blocked on their network. Regardless of what restrictions you’re working within, you likely have some choice on what to use. Certain ones may be ruled out based on price or appropriateness in your particular classroom setting. There are many different ways to go about finding new tech tools for your classroom, but if the options are overwhelming to you, we’re here to give you a few options on where to look. News Sifting If you’re keeping on top of the latest news in both the education and technology, you’ll likely stumble across a lot of different products that you can check out. This is probably the best way to find out about the widest variety of apps, web tools, software and more, especially those that are in the early stages of development/funding etc.

Hacking Angel List | VentureArchetypes Blog: Seed Stage Capital 7 Tips For Raising Startup Capital AngelList is an amazing thing. No, let me rephrase that-- AngelList is a freakin' phenomenon. Since launching just over a year ago, 2,250 investors have joined, over 400 startups have raised money, and according to co-founder Naval Ravikant, about 20 new inbound companies per day sign up. Wow. In case you’ve been adrift at sea for the past 9 months and have no idea what I’m talking about, AngelList is a hugely-successful online service that matches early stage companies with angel investors. I’ve had two portfolio companies “list” on AngelList, and I’ve also started wading in as an investor member. 1. Granted, getting the first domino to topple is usually the most difficult part of the game-- as a rough proxy, plan on spending 80% of your time and effort closing Investor #1, and the remaining 20% locking down the rest. UPDATE / COUNTERPOINT Naval responds: "Thanks for this. 2. This is a hugely important field, for two reasons. 3. 4. 5. 6. 7.

World of Business Ideas, WOBI for short, is an exciting multi-media platform brimming with relevant and actionable management content in multiple languages that's open to anyone for free. by avayaoli Mar 3

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