Innovation in the uk what it takes
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A practical walk through the process of doing a start up in the UK v the USA experience. Contrasts the different attitudes, success and failure mechanisms.
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Innovation in the uk what it takes
- 1. Concept to Commercialisation - what it takes ! Peter Cochrane COCHRANE a s s o c i a t e s cochrane.org.uk ca-global.org Monday, 28 March 2011
- 2. What it takes - a common misconception! Energy Required 100% ~95% 80% 60% 40% 20% ~5% ~1% ~0.1% 0% Idea Beta Alpha Getting to Market Monday, 28 March 2011
- 3. What it takes - the actuality ! Energy Required 100% ~95% 80% 60% 40% 20% ~1% ~5% ~0.1% 0% Idea Beta Alpha Getting to Market Monday, 28 March 2011
- 4. How will it fit in the market ? Monday, 28 March 2011
- 5. Business spectrum...World Economy Ms 100ks 10ks 1ks 100s 10s 1 1M 10M 100M 1Bn 10Bn 100Bn 1000Bn Monday, 28 March 2011
- 6. Business spectrum...World Economy Ms 100ks 10ks Very Very Almost Easy Hard Impossible 1ks 100s 10s 1 1M 10M 100M 1Bn 10Bn 100Bn 1000Bn Monday, 28 March 2011
- 7. Business spectrum...World Economy Ms 100ks 10ks Very Very Almost Easy Hard Impossible 1ks 100s Princes Trust Google Apple, BP 10s Life Style FaceBook MSoft, Shell 1 1M 10M 100M 1Bn 10Bn 100Bn 1000Bn Monday, 28 March 2011
- 8. Worlds apart... 982M Land Area Hectares 24M 300M Population 65M NY ~8M London 12,880G$ GDP 1,260G$ Monday, 28 March 2011
- 9. Worlds apart... Build for fun to change & challenge Build to Dominate Build to Sell Make money & retire Life Style Golf Course Monday, 28 March 2011
- 10. Worlds apart... Build for fun Life Style to change & Golf Course challenge Build to Dominate Build to Sell Make money Build to Sell & retire Make money & retire Build to Dominate Build for fun Life Style to change & Golf Course challenge Monday, 28 March 2011
- 11. Worlds apart... Monday, 28 March 2011
- 12. Worlds apart... 1980 = 2 x Starts/Year/Head of Population >600kpa New Start Ups >400kpa 2010 = 3 x Starts/Year/Head of Population Monday, 28 March 2011
- 13. Worlds apart... 1980 = 2 x Starts/Year/Head of Population >600kpa New Start Ups >400kpa 2010 = 3 x Starts/Year/Head of Population ~10% year 1 ~18% year 1 ~15% year 2 Failure Rate ~30% year 2 ~80% year 10 ~95% year 10 Monday, 28 March 2011
- 14. How come? Monday, 28 March 2011
- 15. Bad Money! - short termism - expensive - punitive deals - self interested - no business support - no value add - supreme arrogance/know better Monday, 28 March 2011
- 16. Poor Management! - inexperienced - unprofessional - stubborn - stupid - believing your own BS - refusing to step aside - corrupt Monday, 28 March 2011
- 17. Poor Management! - missing targets - poor customer relationship - under resourcing - running out of money Monday, 28 March 2011
- 18. Poor Management! Monday, 28 March 2011
- 19. Wrong Business Model Monday, 28 March 2011
- 20. Wrong Business Model Monday, 28 March 2011
- 21. Bad Idea Monday, 28 March 2011
- 22. Slow Failure Monday, 28 March 2011
- 23. Technology Failure Monday, 28 March 2011
- 24. Fierce Competition Monday, 28 March 2011
- 25. So, what makes innovation fly ? A good leader A seductive Supportive A good idea & a good team business plan investors Monday, 28 March 2011
- 26. Good mentors ! Monday, 28 March 2011
- 27. An acceptance that it all looks like this ! Activity Energy Early Emergence Clear Product Stage of Order and Market Chaos Direction Monday, 28 March 2011
- 28. AND of course...timing & luck ! Monday, 28 March 2011
- 29. Receptive customers help too! Big Problem Desperation Lots of Money & Panic Monday, 28 March 2011
- 30. What stops innovation ? Destructive Old minds Old industry Short Termism investors Monday, 28 March 2011
- 31. We need a visionaries and risk takers... ...but there is a fine line between calculated risks and doing something really dumb! Monday, 28 March 2011
- 32. cochrane.org.uk COCHRANE ca-global.org a s s o c i a t e s Monday, 28 March 2011