Core Competency

Focus like the point of a pencil

by scott pickard

Innovation Entrepreneurship in general: | bootcamp: | CEOs: Business Rock Stars | credit card: founderscard | education: deshpandefoundation,, | entrepreneurship 101: | focus: Focus like the point of a pencil sp | food & restaurants | handmade: craftsvilla, elo7 brazil, etsy > DIY | kids: lemonadeday | microloans to entrepreneurs: | MIT Forum: | napkin entrepreneurs | necessity entrepreneurship | news: quibb | research and teaching: | social networking: Global Entrepreneurship Network, TIE | startup religion: | TV: shark tank | workspace for entrepreneurs: dogpatchlabs | young entrepreneurs: extremetour, lemonadeday , livewire 16-30 elevator pitch: You've only got 3 minutes sp | pitch yourself: crushpath failure: Failure is inevitably a part of discovery. | forums: Failure:Lab | How business failure paves the way to success | mistakes in judgement: jump the shark resiliency: The best thing to do to stay calm and deal with the risk of starting a business is to think of the worst thing that can happen to you (bankruptcy, being sued, going broke, getting divorced....) and then figure out a plan to deal with it and recover from the worst-case scenario by breaking apart each problem and figuring out a solution.  Once you go through this thought process and convince yourself that you can survive this adversity, then you can move forward with resolve and not constantly fret over the risk.  This is entrepreneurial resiliency. sp self-assessment: Are you willing and able to bear great financial risk? Are you willing to sacrifice your lifestyle for potentially many years? Is your significant other on board? Do you like all aspects of running a business? Are you comfortable making decisions on the fly with no playbook? What’s your track record of executing your ideas? How persuasive and well-spoken are you? Do you have a concept you’re passionate about? What is it about you and your team that gives an investor confidence that you will succeed? social entrepreneurship: avaaz | food: growingpower | funding: theimpactengine | getup | incubators: theimpactengine, unreasonableinstitute | L3C | moveon | performance management of human services: socialsolutions | prizes: The Purpose Prize | the feast | therespublica students: funding: nciia | note-taker | solar farm | under30ceo your idea: What is so badly broken in the industry that consumers are desperately seeking a solution? What is your solution? How big is the market? How do you make money? How do you plan to reach your customer? What is it about you and your team that gives an investor confidence that you will succeed? books: Entrepreneurship Kuratko | failure: Adapt: Why Success Always Starts with Failure Harford, Bounce! Moltz | The New Artisans Dupon | The One-Hour Activist Kush

focus like a pencil

One of the most dangerous traps an entrepreneur can fall into is to get unfocused and spread thin across too many things they can do. The old saying is a mile wide and an inch deep. An entrepreneur friend once told me that the venture capitalist that funded him made him see the wisdom of “focusing like the point of a pencil” to get one product to market, because entrepreneurs consistently underestimate how much energy and focus it takes to accomplish that feat.

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Closing the Innovation Gap

“Our short-sightedness has led to major challenges — dependence on oil, climate change, health care, and national security — that threaten our economy and quality of life. Each challenge also brings opportunities — if we give innovation the attention it deserves.”

Engineering and R&D Research and Development  search What’s likely to be the “next big thing?” What might be the most fertile areas for innovation? Where should countries and companies invest their limited research funds? What technology areas are a company’s competitors pursuing? How are projects chosen for R&D?  What is R&D’s past record for successful completion of projects to budget and schedule?  When does management expect products will reach the market from research projects currently underway?  Is the company working smart to optimize the FDA approval process?  How would management rate the company’s R&D operations against its competitors?  How well does R&D integrate its work with marketing?  End user?  Engineering?  Production?  Is R&D’s major emphasis applied or basic research?  How much do the company’s projected financials depend upon successful new products developed by R&D?  Does the company effectively protect the secrecy of R&D projects?  Is there sufficient federal financing to support R&D at adequate levels?  What is the company’s approach towards capitalization of R&D expenses?  Is management well informed of R&D activities?  Are the company’s research facilities adequate?  How confident is management that R&D’s team and plan will lead to the right product(s) at the right time?  Has management evaluated the cost-effectiveness of shifting some portion of R&D expenditures and operations to external sources? (a) venture capital funds; (b) R&D alliances; (c) government funding such as ATP in general: Chance favors the prepared mind. Pasteur | citations: zotero | crowd funding: experiment | design of experiments: about | electronic lab notebooks: | ethics: Integrity in Research and Publication | europe: cordis | | incentivization: prize challenges | magazines: rdmag | matching problems with solutions: | molecular imaging: | networks: internet2 | patents: mapping | pharmaceutical R&D:, wingu | poster template | rent & read: deepdyve | research universities: | videos: labtv academic: The traditional metric of academic capital is citations. | Should researchers make their source code available when submitting a research paper to a peer-reviewed scientific journal? | bio template: | data sharing: figshare | funding opportunity announcements: grantforward | impact: h-index | news: futurity | scientific literature: Action Science Explorer | Association of Research Libraries | open access, peer-reviewed joournals: peerj,  | social networking: | Search: federal labs: Argonne National Laboratory: | Idaho National Laboratory: | Kansas City Plant: | Lawrence Berkeley National Laboratory: | Lawrence Livermore National Laboratory: | Los Alamos National Laboratory: | National Renewable Energy Laboratory: | Oak Ridge National Laboratory: | Pacific Northwest National Laboratory: | Sandia National Laboratory: | Y-12 National Security Complex Heilmeier Catechism: What are you trying to do? Articulate your objectives using absolutely no jargon.  How is it done today, and what are the limits of current practice?  What's new in your approach and why do you think it will be successful?  Who cares?  If you're successful, what difference will it make?  What are the risks and the payoffs?  How much will it cost?  How long will it take?  What are the midterm and final "exams" to check for success? | The Heilmeier Catechism Visits the University sp lab management: workflow management: accelrys | software: quartzy free multidisciplinary research: What are the top ten actions that Congress, the federal government, state governments, research universities and others could take to assure the ability of the American research university to maintain the excellence in research and doctoral education needed to help the United States compete, prosper, and achieve national goals for health, energy, the environment, and security in the global community of the 21st century? Stanford | synthesis centers: science incubators | World Café charrette translation of project results: To what extent do the research issues being pursued relate to challenges along the pathway towards achieving meaningful use?  How effective are the methods used to accelerate translation of research into application(s)?  To what extent has the project identified the salient, potentially breakthrough challenges?  Are innovative research methods being applied to meet the ultimate research agenda?  What problems have been encountered in implementing all of the required features of the project?  What relationships has the project established with industry to facilitate the translation of the research? | funding: action science: definitions | proof-of-concept books and articles: Breakthrough Stefik | Closing the Innovation Gap Estrin | Evaluating Research Centers & Institutes for Success! Tash | Scientists Popularizing Science: Characteristics/Impact of TED Presenters Sugimoto Innovation | Crowd | Science | Collaboration | Atoms | IP | News | Big Data