Richard Larson, PMP, CBAP, PMI-PBA President and Founder Watermark Learning. Enhanced 1 Performance. Enduring bapmtraining

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1 Richard Larson, PMP, CBAP, PMI-PBA President and Founder Watermark Learning Enhanced 1 Performance. Enduring bapmtraining

2 After this presentation you will be able to: Define what entrepreneurship means as it applies to project management Discuss typical entrepreneurial types and traits and how PM skills can contribute to business growth and competiveness List the keys to being a successful entrepreneur or intrapreneur

Industry Partnerships An original PMI Global Registered Education Provider A Charter IIBA Endorsed Education Provider Offering BA,

3 Training organization established in 1992, offering private and public classes and certification preparation in: Business Analysis Project Management Agile Business Process Management Influencing Skills Courseware licensing Consulting and mentoring services Industry Partnerships An original PMI Global Registered Education Provider A Charter IIBA Endorsed Education Provider Offering BA, PM, and Agile Certificate programs through Auburn University Earn 1 PDU/CDU for attending today!

Answer: Usually Sometimes Rarely 1. Are you a skilled problem solver who can take on important tasks within your company? 2. Do you tend to see trends in your organization before most others? 3.

4 Answer: Usually Sometimes Rarely 1. Are you a skilled problem solver who can take on important tasks within your company? 2. Do you tend to see trends in your organization before most others? 3. Are you able to spot business problems before projects have been launched to solve them? 4. Are you able to help your business improve its processes, and may recommend features they did not even realize they need? 5. Do you prefer to grow personally along with the company vs. just putting in time? Adapted from 10 Things Entrepreneurs Need to Know about Intrapreneurship, by Murray Newlands,

5 Entrepreneurs are everywhere. Eric Ries, The Lean Startup

6 Someone who undertakes something and assumes risks An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes. Source: investopedia

7 Hamdi Ulukaya, Founder of Chobani Yogurt

8 Lifelong Entrepreneur Reluctant Entrepreneur Elder preneur Brian Quittner Judy and Steve Soldinger Coco Chanel Levi Strauss??? Linda Nagamine

9 Someone who undertakes something without the same risk An inside entrepreneur, or an entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks associated with those activities. Intrapreneurs are usually employees within a company who are assigned a special idea or project, and are instructed to develop the project like an entrepreneur would. Source: investopedia

10 My Intrapreneurial Journey: Part 1

11 Smart companies want you to become an intrapreneur because it fuels business growth and allows them to gain a competitive advantage in their industry. Why Companies Want You to Become An Intrapreneur by Dan Schawbel, Forbes Magazine, Sept. 9, 2013

12 Process Improvement Projects & Programs Breakthrough Innovation Change Change Change Organization Direction and Strategy

13 58% of managers are either very willing or extremely willing to support employees on a new business opportunity within their company. Why Companies Want You To Become An Intrapreneur by Dan Schawbel, Forbes Magazine, Sept. 9, 2013

14 Sarah Peterson, Target Corp. Alan Wizemann, Target Corp.

15 Types of Opportunities Motivation Internal Politics My Intrapreneurial Journey: Part 2 From The Lean Enterprise by Trevor Owens and Obie Fernandez

16 PM Skills and Talents PM Skills and talents are important for Product Management and for innovation and startups

17 Entrepreneurial Trait/Skill Innovation Problem-solving Observation and experience Product testing Influencing skills Communication skills (especially listening) PM Trait/Skill Analyzing, proposing, and designing new solutions to meet business needs Problem definition, Root-cause analysis, Brainstorming Observation skills, especially participant observation, Benchmarking Which of these do PMs have? Ensuring all requirements and product features are tested Especially needed to be treated as a trusted advisor Asking great questions and listening carefully to answers, both content and affect of them Portions adapted from The Reluctant Entrepreneur by Michael Masterson

18 CTA #1: How can I apply my PM skills in an entrepreneurial way? 18

19 Inspiration Passion Commitment Entrepreneurial Keys Enhanced 19 Performance. Enduring Results.

20 Inspiration Passion Commitment Entrepreneurial Keys Success is often the result of taking a misstep in the right direction. Al Bernstein Enhanced 20 Performance. Enduring Results.

21 Just because there s another product on the market like yours doesn t mean you can t be a player. Just create a better product. Liz Lange, founder of Liz Lange Clothes, Creating a Business You ll Love Enhanced 21 Performance. Enduring Results.

22 Every successful business begins with a good idea. Michael Masterson, The Reluctant Entrepreneur vs. Enhanced 22 Performance. Enduring Results.

23 What do these examples have in common? Inspiration and Innovation come from Experience T I P How you innovate determines what you innovate. Luck plays a role, but it favors the prepared mind. Tony Davila, HBR Enhanced 23 Performance. Enduring Results.

24 What else do these examples have in common? Frustration T I P Collaboration drives creativity because innovation always emerges from a series of sparks, never a single flash of insight. Keith Sawyer, Group Genius,

25 So What Inspires You? Enhanced 25 Performance. Enduring Results.

26 Inspiration Passion Commitment Entrepreneurial Keys Enhanced 26 Performance. Enduring Results.

27 Mary Jo Cook Suzanne Sengelmann Enhanced 27 Performance. Enduring Results.

28 Loving what we do Customers sense it Entrepreneurial Passion Fuels our commitment Sustains us through slow times Enhanced 28 Performance. Enduring Results.

29 What are YOU Entrepreneurial passion is never passionate about? having to say you are bored. Enhanced 29 Performance. Enduring Results.

30 CTA #2: How can I act more entrepreneurial? bhgrealestateblog.com 30

31 Inspiration Passion Commitment Entrepreneurial Keys Success is 10 percent inspiration and 90 percent perspiration. Thomas Edison Enhanced 31 Performance. Enduring Results.

It s about people, and people connecting with each other in their

32 The craigslist community has grown exponentially but our philosophy about how we run it hasn t changed at all. It s about people, and people connecting with each other in their day-to-day lives. Craig Newmark, from Creating a Business You ll Love Enhanced 32 Performance. Enduring Results.

33 Competence Courage Commitment Confidence Well Done is better than Well Said. Benjamin Franklin Cognizance 33

34 Passion isn t quite enough. You have to do the hard work, and the research. Liz Lange from Creating a Business You ll Love My Intrapreneurial Journey: Part 3 Enhanced 34 Performance. Enduring Results.

35 Your calls to action (PACE Yourself): P Prepare yourself A Analyze opportunities C Commit to your opportunity E - Evaluate your venture 35

36 After this presentation you should now be able to: Define what entrepreneurship means as it applies to project management Discuss typical entrepreneurial types and traits and how PM skills can contribute to business growth and competiveness List the keys to being a successful entrepreneur or intrapreneur

37 Visit our web site for valuable and free industry resources: Articles Webinars On-Demand Templates Blog And more! For information on classes, presentations, and training materials, please contact: LinkIn with

38 Bibliography Creating a Business you ll Love Top Entrepreneurs Share their Secrets, 2011, edited by Ronnie Sellers, Sellers Publishing, Inc. Group Genius, 2007, by Keith Sawyer, Basic Books. The Innovation Strategy Big Companies Should Pursue, by Tony Davila, Harvard Business Review, June The Lean Enterprise: How Corporations Can Innovate Like Startups, 2014, Trevor Owens and Obie Fernandez, John Wiley and Sons. The Lean Startup, 2011, Eric Ries, Random House Inc. The Reluctant Entrepreneur, 2012, Michael Masterson, John Wiley and Sons. Your Small Business Adventure, 2014, James W. Halloran, The American Library Association. Contact Us: Info@WatermarkLearning.com

Thursday, October 22, 2015

Thursday, October 22, 2015 Andrea Brockmeier, PMP, PMI-ACP Director of Project Management Watermark Learning Enhanced 1 Performance. Enduring Results. @afbrockmeier Training organization established in