e-scan for birmingham city university speed wm programme

We help you perform quicker

Copyright I2R (UK) Ltd. 2010

Gary Lennon

Creativity Director

I2R (UK) Ltd.

Copyright I2R (UK) Ltd. 2010

Ideas 2 Reality

• Consulting company aiding in advising and planning in order to turn new ideas for existing businesses into reality.

• Currently expanding into other areas of opportunity

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Currently involved in…

• Consulting

• Mentoring

• IP Services

• Profiling (E-Scan) and Decision Making (“Test Your Idea”) tools

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Mentoring

• Aiding in planning the actions needed in order to successfully start businesses

• Aiding in the entrepreneurial development of the individual

• Providing expertise on how aspiring entrepreneurs can enhance their ideas

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Mentoring

Working alongside:

• Sarah Taylor (SPEED WM Programme Manager, University of Wolverhampton)

• Stephen Moore (SPEED WM Programme creator)

In discovering new ways to improve the rate of

successful business start-ups by the

participants.

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Mentoring

Now Working alongside: • Dr Nayan Patel (Head of Innovation, BCU) • Ron Brown (Manager of Innovation &

Development, BCU)• Catherine Brown (SPEED WM Project

Manager, BCU)Accelerating the progress of this SPEED WMproject using the experiences with theUniversity of Wolverhampton.

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Additionally…

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About E-Scan

• Fully automated entrepreneur profiling tool

• ‘Stand alone’, with a review or combined with mentoring.

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About E-Scan

• 360˚ Feedback - ‘bigger picture’ from colleagues, mentors or customers.

• Entrepreneurial Thinking Styles – how we think at work

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About E-Scan

• Opens the mind; increases desire to learn more about entrepreneurship.

• Feeds directly into learning and development provision.

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The Review process

1. Motivation as an entrepreneur

2. General feedback & Key Points

3. Deeper understanding

4. Learning & Development opportunities

5. Summary of actions and targets

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E-Scan Feedback

‘Excellent’ - Euripides Altintzoglou

‘Inspirational’ - Dave Baines

‘Highly Recommended’ - Ravina Jackhu

‘Shockingly Accurate – Lisa Abrams

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Pilot Study

• Undertaken by SPEED WM, University of Wolverhampton

• February to March 2010• 37 participants • aged 20-53….in a range of

businesses

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Pilot Study

• Completed an E-Scan

• Held a review

• Developed understanding

• Set targets and action plans

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Pilot Study

These were the results…

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Pilot Feedback

• 95% understand more

• 84% are more determined

• 97% are more interested

• 97% it helped identify…

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Pilot Feedback

…in knowing about and

being a better entrepreneur

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Pilot Feedback

• 25 of 37 participants gave 10/10 full marks

• Everyone gave 8 or aboveRecommendation of the E-Scan and Review process

to other aspiring entrepreneurs

0

5

10

15

20

25

30

10 9 8 7 6 5 4 3 2 1

Score out of 10

Num

ber

of

part

icip

ants

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Benefits for the Participant

• Increased desire and determination to build understanding of entrepreneurship and own capability ~ performance

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Benefits for the Mentor

• Quicker relationship building.• Closer relationship, leads to

more productive meetings in less time ~ greater progress

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Benefits for a Program Manager

• Quicker matching of resource to need, increasing speed and size of development of individuals ~ increased positive feedback

• Increased effectiveness of programs, delivering higher percentages of start-ups or value add measures ~ increased or protected budgets

• New opportunities to develop ‘configurable’ training and development programs ~ increased volume and higher value projects

Copyright I2R (UK) Ltd. 2010

What Happens Next?

1. Send an email to all participants with content and SPEED WM report

2. Send links to take E-Scans

3. Book review appointments

4. Hold reviews

5. Participate in feedback