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.


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


Currently involved in…

• Consulting

• Mentoring

• IP Services

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


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


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.


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.


Additionally…


About E-Scan

• Fully automated entrepreneur profiling tool

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


About E-Scan

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

• Entrepreneurial Thinking Styles – how we think at work


About E-Scan

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

• Feeds directly into learning and development provision.


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


E-Scan Feedback

‘Excellent’ - Euripides Altintzoglou

‘Inspirational’ - Dave Baines

‘Highly Recommended’ - Ravina Jackhu

‘Shockingly Accurate – Lisa Abrams


Pilot Study

• Undertaken by SPEED WM, University of Wolverhampton

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

businesses


Pilot Study

• Completed an E-Scan

• Held a review

• Developed understanding

• Set targets and action plans


Pilot Study

These were the results…


Pilot Feedback

• 95% understand more

• 84% are more determined

• 97% are more interested

• 97% it helped identify…


Pilot Feedback

…in knowing about and

being a better entrepreneur


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


Benefits for the Participant

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


Benefits for the Mentor

• Quicker relationship building.• Closer relationship, leads to

more productive meetings in less time ~ greater progress


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


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

e-scan for birmingham city university speed wm programme

Business

speed wm report

pilot study

development programs

entrepreneurial development

size of development

development provision

feedback bigger picture

increased volume