venture lab ut austin

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This is the slide deck used by James Barlow at NCIIA's VentureLab UT Austin, a 5-day venture acceleration workshop for 16 social ventures throughout the U.S. For more on the workshop, visit: http://www.invention2venture.org/venturelabaustin/ For more on James Barlow, visit: http://nciia.org/people For more on NCIIA: http://www.nciia.org

TRANSCRIPT

Social  Innova+on  Bootcamp  -­‐  UT    

January  12th  –  16th  2012  

©  C  James  Barlow  2010  

SIBC/VentureLab  

•  2-­‐way  street  •  Enhanced  explora+on  •  Ah-­‐ha  Board  •  WTF?!  Board  •  Test  and  judge  purely  by  results  •  Be  on  +me  •  Help  wherever  you  can  

©  C  James  Barlow  2010  

SIBC/VentureLab  

•  Human  Opera+ng  system  1.0  –  Innova+ve  thinking  –  Strategy  

•  Understanding  problems  and  impact  –  Solving  the  right  parts  of  the  

problem  –  Delivering  value  where  it’s  

needed  •  Strategy  Mapping  

–  Rapid  prototyping  of  new  ideas  –  Applying  design  thinking  to  

strategy  

•  Evolving  winning  strategies  –  Maintaining  flexibility  –  360  degree  thinking  –  Building  commercial    

momentum  •  Ac+on  plan  

–  Next  steps  –  Cri+cal  success  factors  

•  Presen+ng  with  impact  –  Communica+ng  the  value  

proposi+on  –  Sales    

©  C  James  Barlow  2010  

Comfort  Zone  

©  C  James  Barlow  2010  

Stretch  Zone  

Comfort  Zone  

©  C  James  Barlow  2010  

Panic  Zone  

Stretch  Zone  

Comfort  Zone  

©  C  James  Barlow  2010  

Panic  Zone  

Comfort  Zone  

©  C  James  Barlow  2010  

Panic  Zone  

Stretch  Zone  

Comfort  Zone  

©  C  James  Barlow  2010  

Stretch  Zone  

Comfort  Zone  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

Visual Notes

©  C  James  Barlow  2010  

Back  of  the  Napkin  

Apples,  apples  everywhere  

•  Apple  •  Apple  tree  •  Orchard  •  Texture  and  detail  •  Nutri+ous/good  for  you  

•  Apple  pie  •  Instruc+ons  for  Apple  Pie  •  Details  of  inside  an  apple  •  Compare  it  to  other  fruits  •  Apple  life  cycle  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

Framing  the  problem  

What  is  the  best  way  to  improve  this  mousetrap?  

What  is  the  best  way  to  catch  mice?  

Value  Proposi+ons  

•  New  needs  •  Performance/efficiency  •  Customiza+on  •  Gebng  the  job  done  •  Design  

•  Brand  •  Price  •  Cost  reduc+on  •  Risk  reduc+on  •  Accessibility  •  Convenience  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

What  is  the  most  simple    way  of  looking  at  this?  

What  is  the  most  simple    way  of  looking  at  this?   What  is  the    

desired    end  goal?  

What  is  the  most  simple    way  of  looking  at  this?   What  is  the    

desired    end  goal?  

What  can  it  be  compared  to?  

What  is  the  most  simple    way  of  looking  at  this?   What  is  the    

desired    end  goal?  

What  is  the  current  process?  

What  can  it  be  compared  to?  

What  is  the  most  simple    way  of  looking  at  this?   What  is  the    

desired    end  goal?  

What  is  the  current  process?  

What  is  changeable?  

What  can  it  be  compared  to?  

What  is  the  most  simple    way  of  looking  at  this?   What  is  the    

desired    end  goal?  

What  is  the  current  process?  

What  is  changeable?   What  cannot  

be  changed?  

What  can  it  be  compared  to?  

What  is  the  most  simple    way  of  looking  at  this?   What  is  the    

desired    end  goal?  

What  is  the  current  process?  

What  is  changeable?   What  cannot  

be  changed?  

What  can  it  be  compared  to?  

Customer  Value  

Customer  Product  

Customer  Service  

Customer  Value  

Ac+vi+es  

Resources  

Payment  

Customer  

Umbrellas  

Machine  

Umbrellas  

Supplier  

Retailer  

Storage   Inventory  

Customer  

Umbrellas  

Re-­‐fill  

Machine  

Umbrellas  

Maintenance  

Supplier  

Retailer  

Storage   Inventory  

Vehicle  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

People   Resources  Ac+vi+es   Products/services  

People   Resources  Places   Products/services  People   Resources  Places   Products/services  People   Resources  Places   Products/

services  People   Resources  Places   Products/services  People   Resources  Places   Products/services  People   Resources  Acitvi+es   Products/

services  People   Resources  Ac+vi+es   Products/

services  

©  C  James  Barlow  2010  

The  problem  is……  

•  What  is/are  the  issue(s)  •  Who  does  it  affect?  •  How  does  it  affect  them?  •  Who  else  is  affects  directly/indirectly?  •  What  are  the  causes?  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

Value  

Customer  

Situa+on  Product/  service  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

1  Million  ¼”  diameter    steel  ball  bearing  balls  

©  C  James  Barlow  2010  

Idea  Genera+on  Rules  

•  Quan+ty  Vs  Quality  •  No  bad  Ideas  •  One  idea  per  post-­‐it  •  Call  it  out  as  you  put  it  on  the  table  •  Use  the  ideas  of  others  as  crea+ve  s+mulus  

©  C  James  Barlow  2010  

1  Million  ¼”  diameter    steel  ball  bearing  balls  

©  C  James  Barlow  2010  

CORRECTLY  join  together  as  many  pieces  of  the  puzzles  as  you  can  in  the  +me  given.  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

Innova+on  

Business  Model  

Product  

Posi+oning  

Process  

Customer  

Bicycles  

Vending  points  

Supplier  

Storage   Bicycles  

Stock  mgmt  

Maintenance  Vehicle  

Customer  

Bicycles  

Vending  points  

Rental  period  

Supplier  

Storage   Bicycles  

Stock  mgmt  

Maintenance  Vehicle  

Monthly  

Per  Use  

Customer  

Bicycles  

Vending  points  

Rental  period  

Supplier  

Storage   Bicycles  

Stock  mgmt  

Maintenance  Vehicle  

Adver+zing   Monthly  

Per  Use  

©  C  James  Barlow  2010  

Total  Cost  -­‐    $1.10  

©  C  James  Barlow  2010  

Bat  costs  $1  more  than  the  ball  

©  C  James  Barlow  2010  

How  much  does  the  ball  cost?  

©  C  James  Barlow  2010  

Customer  

Umbrellas  

Loca+on  

Re-­‐fill  

Machine  

Umbrellas  

Maintenance  

Supplier  

Retailer  

Storage   Inventory  

Vehicle  

Villager  

Dirty  Water  

Villager  

Dirty  Water  

Home  Filtra+on  

Carbon  Filter  Unit  

Carbon  Filters  

Clean  Water  

Villager  

Dirty  Water  

Home  Filtra+on  

Carbon  Filter  Unit  

Carbon  Filters  

Clean  Water  

53%  <    Rs  2000/month  

$24  

$8   3-­‐6  months  

Filtra+on  plant  

Villager  

Village  development  commiqee  

12L  Container  

Clean  Water  

Dirty  Water  

Home  Filtra+on  

Carbon  Filter  Unit  

Carbon  Filters  

Clean  Water  

Operators  and  staff  x  5  

Maintenance  

Land  

Op+onal  Delivery  

Electricity  

Quality  Assurance  

(QA)  

Filtra+on  plant  

Villager  

Village  development  commiqee  

12L  Container  

Clean  Water  

Dirty  Water  

Home  Filtra+on  

Carbon  Filter  Unit  

Carbon  Filters  

Clean  Water  

Operators  and  staff  x  5  

Quality  Assurance  

(QA)  

Every  2  weeks  

Maintenance  

Land  

Op+onal  Delivery  

b/e  @500/day  @Rs1.5  

Electricity  

$15k   Covers  2-­‐3  Villages  

Filtra+on  plant  

Villager  

Village  development  commiqee  

12L  Container  

Clean  Water  

Dirty  Water  

Home  Filtra+on  

Carbon  Filter  Unit  

Carbon  Filters  

Clean  Water  

Operators  and  staff  x  5  

Quality  Assurance  

(QA)  

Every  2  weeks  

Maintenance  

Land  

Op+onal  Delivery  

b/e  @500/day  @Rs1.5  

Electricity  

$15k   Covers  2-­‐3  Villages  

53%  <    Rs  2000/month  

$24  

$8   3-­‐6  months  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

Problem  

Radical  

Different  Different  

Business  as  usual  

Business  as  usual  

Business  as  usual  

©  C  James  Barlow  2010  

Delivering  Value  •  How  do  we  raise  awareness  about  our  product(s)  and/or  service(s)?  

•  How  do  we  help  customers  evaluate  our  Value  Proposi+on?  

•  How  do  we  allow  customers  to  purchase?  •  How  specifically  do  we  deliver  the  Value  Proposi+on  to  customers  (and  end  user  if  different)?  

•  How  do  we  provide  post-­‐purchase  customer  support?  

©  C  James  Barlow  2010  

Which  means  that…  

F1   B1  

B2  

B3  

©  C  James  Barlow  2010  

F1  

F2  

F3  

F4  

B1  

B2  

B3  

B4  

©  C  James  Barlow  2010  

N1  

N2  

N3  

N4  

©  C  James  Barlow  2010  

A  different  perspec+ve  

Their  assump+ons  

Their    beliefs  

Their  experiences  

Their  expecta+ons  

Their  conven+ons  

©  C  James  Barlow  2010  

F1  

F2  

F3  

F4  

N1  

N2  

N3  

N4  

B1  

B2  

B3  

B4  

©  C  James  Barlow  2010  

B1  

B2  

B3  

B4  

N3  

N4  

N2  

N1  

©  C  James  Barlow  2010  

Are  you  sibng  comfortably….  

©  C  James  Barlow  2010  

The  Magic  Number…..  

•  What  are  the  THREE  key  messages  you  want  to  communicate?  

•  How  can  you  communicate  these  THREE  things  most  effec+vely?  

•  How  would  you  show  this  on  a  slide?  

©  C  James  Barlow  2010  

Wordsmithing  tools  •  Ar+culate  the  core  of  the  

idea,  simply  and  elegantly  •  Surprises  create  a  hook  of  

interest  •  Find/open  a  knowledge  

gap  •  Violate  expecta+ons    •  Derail  habitual  trains  of  

thought  •  Paint  clear  pictures  •  Use  human  ac+ons  as  a  

narra+ve    

•  Enrich  the  story  with  sensory  informa+on  

•  Help  people  feel  something,  to  empathise  with  the  situa+on  

•  Take  people  on  a  journey  that  they  can  associate  with  

•  Unless  you  have  obvious  authority,  your  ideas  need  to  carry  their  own  credibility  

©  C  James  Barlow  2010  

Core  theme  

Idea  

Idea  Idea  

Idea  

Idea  

Idea  Idea  

Idea  Idea  

Idea  

Idea  

Idea  

Idea  

Idea  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

©  C  James  Barlow  2010  

Wordsmithing  tools  •  Ar+culate  the  core  of  the  

idea,  simply  and  elegantly  •  Surprises  create  a  hook  of  

interest  •  Find/open  a  knowledge  

gap  •  Violate  expecta+ons    •  Derail  habitual  trains  of  

thought  •  Paint  clear  pictures  •  Use  human  ac+ons  as  a  

narra+ve    

•  Enrich  the  story  with  sensory  informa+on  

•  Help  people  feel  something,  to  empathise  with  the  situa+on  

•  Take  people  on  a  journey  that  they  can  associate  with  

•  Unless  you  have  obvious  authority,  your  ideas  need  to  carry  their  own  credibility  

©  C  James  Barlow  2010  

The  problem  is……  •  Facts    

–  Are  they  REALLY?  –  What  is  the  source?  –  How  can  you  validate  them?  

•  Opinions  –  Who  gave  them?  –  How  well  qualified  are  they  to  give  them?  –  What  counter-­‐opinions  are  out  there?  

•  Guesses  –  Call  ‘em  out!  –  What  is  the  basis  for  guess?  –  What  logic  or  assump+ons  have  you  made?  –  What  is  the  margin  for  error?  

 

©  C  James  Barlow  2010  

13  “mission  cri+cal”  things  

•  What  HAS  to  happen?  •  Who  can  help?  •  How  can  they  help?  •  Who  do  you  need  to  speak  to?  •  What  specifically  does  this  help  you  to  achieve?  

•  How  does  this  help  you  build  commercial  momentum?  

 

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