October 2012 - What happens when over 60 of the leading educators and
scholars in the fields of entrepreneurship and innovation come together in a
setting of spectacular scenery and opportunity for reflection and collaboration
? The Stanford Epicenter program hosted
a two and a half day conference from September 30 to October 03, 2012 focused
on advances in entrepreneurship and innovation education, and I had the good
fortune to attend.
In an ‘unconference’ format at the Stanford Sierra Camp at
South Lake Tahoe, the gathering was led through exercises to build collegiality
and to identify topics of interest to advance the effectiveness of
undergraduate education in entrepreneurship and innovation. As the workshop progressed, working groups
formed around topics of interest and converged on sharing ideas and developing
prototypes to illustrate their ideas. It
all culminated on the final evening with inspiring presentations by each team to
the assembled group on topics ranging from online courses to dealing with ABET.
The inspiration for the work is the ‘business model canvas’
from the popular text Business Model Generation by Alexander Osterwalder
and Yves Pigneur. The canvas provides a
unique approach to developing the case for a new business opportunity by
presenting the key themes to consider in a canvas concept which encourages a
team approach to sequential and simultaneous thinking as new information is
added to the canvas. The canvas concept
is a great teaching tool so why not develop a canvas for the larger problem of
getting from initial concept to business model.
The real insight of the canvas concept comes from the fact
that the design, innovation, and entrepreneurship processes are often modeled
as step by step processes, chapter outlines, or other some other structured
format. In reality, the processes are
anything but structured with jumps, loops, roadblocks, pivots, and success (or
failure) is often reached in mysterious ways though a team approach and
simultaneously considering a broad range of issues. The canvas encourages the team approach as
well as both sequential and simultaneous consideration of key themes.
Over the span of a morning working session, Cory and I
developed a prototype for an ‘Innovation Canvas’ to capture the technical and
business process of going from concept and opportunity recognition to
developing the business case for the idea.
We sketched a round canvas with ‘value’ at the center as value creation
is a fundamental measure of success or failure.
We landed on four main phases, concept, innovate, design, and business
model and set about identifying the key themes to consider in each phase. The key
themes were detailed as puzzle pieces in each of the four quadrants. The business model canvas as-is became our
fourth quadrant. Cory
is a Prezi whiz and whipped up a great presentation in about 30 minutes to
capture the key thoughts. Our
prototype sketches are just that, interesting idea, some initial good thoughts,
possibly useful, but more work to do to fill in the blanks and test it in a
classroom.
So what’s next ?
At the close of the conference we were encouraged to
continue working on our ideas and prototypes.
Cory and I intend to continue working on the Innovation Canvas concept
and in addition to the Rose-Hulman working group, several of our colleagues at
the conference from Bradley, Olin, Saint Louis University, and Arizona State also
indicated an interest in supporting the effort as well. Several have used the business model canvas
in their classes. In the spirit of innovation and taking a team approach, it
will be great to have the insights and experience of a diverse group aimed at
further development.
Where will it end up ?
Who knows, but stay tuned.
The business model canvas concept is red hot these days. It is certain
that others are working on the same concept of an expanded canvas for the
innovation and design phases and we may be scooped by them. Let’s see if our group can advance the idea,
share ideas along the way, and maybe publish results in a paper or two for all
to build upon.
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