Educating entreprenurs

BI’s 2nd year course in innovation and entreprenurship: Time to write a businessplan (4 ½ months)
StartUp Weekend: time to write a businessplan, develop the idea, code it, pitch it to mentors, validate it, pivot it, meet with partners, get your first fans online and pitch it to the real world: 54 hours.

Comment from an aspiring innovator who has done both: “I learned more in 54 hours of StartUp Weekend, then I did six months of entrepreneurship classes”.

Having just completed a StartUp Weekend in Stavanger, I’m left with one question, “how do we reinvent our education in innovation and entrepreneurship around the principles of StartUp Weekend thinking”.

Welcome to Startup Weekend Part 1 from steve blank on Vimeo.

These principles:
– All action
– Get out of the building
– High Energy
– Done-is-better-than-perfect
– Pick your own idea/team
– MVP (minimum viable product)
– Identify customers
– Start building
– Pivot
– Validate

Are radically different than how strategy, innovation and entreprenurship is currently being taught. Doing strategy work often leads to long discussions on models and theories, while I have yet to see a single student group go out an interview potential customers.

Same with my innovation and entrepreneurship students; while they might have great ideas, the time to market, the time to action is so long and the level of energy is just dropping by the minute…

Enter, Lean Startup.

Eric Ries, the author of “the Lean Startup”, identifies five principles:

As a business school teacher and management consultant I help leaders grow, teams grow and companies grow. While most can learn the research and theories, few are able to bridge the gap and “make it happen”. For many companies, projects dwindle on. For students, the project work takes months instead of hours (and the result is more or less the same) and for most people, things just slow down…the energy saps, the fun wears off, creativity and passion slows….and then life gets in the way of awesomeness.

The Lean Startup movement is showing one way of gearing up speed, passion, energy and creativity. These principles can be used in both education and internal corporate business development.

Now, the question is how can we apply some of these lean startup principles to our innovation and entreprenurship education in Norway…..

Stay tuned.

Next; “What I learned from StartUp Weekend”.
Blogpost coming later this week.

– Chris –

Educating entreprenurs

Action research from StartUp Weekend Stavanger

We all learn tons from this weekend. Now, we want to use this learning to improve innovation and entrepreneurship education in Norway. I would love your input! Feel free to reply directly in the comments field.

1) What was your key learning from the weekend?

2) If you have any education (courses, training, lessons) in innovation, strategy, business development, etc; how would you describe your learning from StartUp Weekend compared with your other education in this field?

3) What would you recommend BI – Norwegian Business School and other business schools do differently based on your experiences from StartUp Weekend?

4) What’s your recommendation for future StartUp events like this? (feel free to Think Big)

Thanks, I’ll keep you posted.


Action research from StartUp Weekend Stavanger

Villgjær’s Business Model Challenge: Pivot, Pivot

I love Villgjær. This local, Stavanger-based, beer brewery is a radical innovator. In design, in marketing, in products, they are rethinking and innovating in face of the current industry dynamics.

Next, it’s time for them to develop a business model. I challenge them to rethink and redesign their business model.
My suggestion; High-end, subscription model, with pre-paid cash flows.
Basically, copy Nespresso’s model into the beer industry. It might just work.

High-End, subscription model with pre-paid cash flows: a radical business model for beer…

Next, I will do an innovation analysis on Villgjær’s business model using the Innovation Pyramid. Stay tuned.
Updates coming…

While you wait, get on and “like” their Facebook site.

Villgjær’s Business Model Challenge: Pivot, Pivot

Educating our future innovators

Education and innovation rarely go hand in hand. In fact, the educational industry is generally considered to be low and slow when it comes to innovation. Young people “learn how to innovate most often despite their schooling—not because of it”, writes Tony Wagner. Wagner, a former high school teacher, now Professor at Harvard Business School on education and innovation has researched innovation in education for a number of years. Now, he’s publishing his work. It is a must read for everyone and everyone concerned with educating our future innovators.

Educating the Next Steve Jobs
– How can schools teach students to be more innovative? Offer hands-on classes and don’t penalize failure
is the title of his Wall Street Journal essay. It is a brilliant piece on what we need to do to change our educational strucutures to build future innovators.

Wagner’s book “Creating Innovators: The Making of Young People Who Will Change the World” is coming out April 24th. It should be on everyone’s reading list this spring.

You can also check out the website, Future Innovators.

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I’m writing this, reflecting, during the StartUp Weekend Finals in Stavanger. I’ll be posting several blogs around StartUp Weekend and learnings from it. Thanks.

Educating our future innovators

StartUp Weekend Stavanger

One more week and we kick off StartUp Weekend Stavanger. We are proud to be able to contribute to this fantastic and important event. Elisabeth Ovstebo will be on the judges panel to select the best startup company. Christian Rangen will give a keynote on Pirate Thinking and then help out as mentor during the weekend. Armed with innovation thinking modes, the Business Model Canvas and the Innovation Pyramid, it’ll be a great entreprenurial weekend!

StartUp Weekend Stavanger