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I’ve been to my first SUP46 event last Thursday about Product Managers with Ricardo and Alycia, whom have both already written an article about it (you can check their blog posts here and here if you want) so I won’t explain again what has already been said. First, I really enjoyed the conference because it gave me a new vision on the many forms that the entrepreneurial spirit can take, as intrapreneurship. In fact, being a Product Manager seems highly related to being an intrapreneur as they constantly need to be visionary, keep focus, lead their teams to ensure the development of their product. In this blog post I’d like to focus on why is it important to have intrapreneurs inside your company.

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You can think of most companies as they can be reluctant to change, because they were set up to execute certain activities and are used to it. They often like to do it their way inside of their comfort zone, and at the contrary change appears as dangerous and uncertain. Thus, things tend to stay as they are, which can be a stumbling block to innovation. That’s exactly why every company needs intrapreneurs to stay at the top and continue to be innovative. Those people are the ones who can disrupt a company in a good way in the sense that they value creativity, freedom, and they want to make a difference. In fact, most big companies have the potential, the technologies necessary to develop new products but they can lack the will to do it, and sometimes they don’t even see the opportunity of developing a disruptive product because they may be too focused on something they already have. A story of such a successful seizure of an opportunity is Amazon Web Services. Most of you probably don’t know this subsidiary of Amazon.com, Inc. but it was created by a man named Andy Jassy, whom has been designated as “Person of thhttps://upload.wikimedia.org/wikipedia/commons/thumb/1/1d/AmazonWebservices_Logo.svg/2000px-AmazonWebservices_Logo.svg.pnge Year” by Financial Times. He is totally an intrapreneur in my opinion and I invite you to learn more about him and AWS in this article which is very interesting to understand the birth of an idea and how opportunities can be seized. Roughly speaking, this man was the leader who’s made Amazon able to invent a totally new service called cloud-computing, and which has made AWS the market leader on the topic. The way he did that is completely similar to an intrapreneurship project, especially thanks to Amazon’s culture of innovation and agile infrastructure. Of course, it wasn’t easy even if Amazon seems to be a good place to innovate, and it may be even more difficult to do in a lethargic company reluctant to new ideas. But you always need someone inventive, devoted, a leader to disrupt, to push you up and keep your company growing. This person is an intrapreneur.

Finally, I’d like to share five advices for both future intrapreneurs and entrepreneurs I’ve found in a web conference given by the French autodidact entrepreneur Jérôme Hoarau. I found his conference very interesting and inspiring, and as I suppose most of you don’t speak French, I’ll translate his main points:

  • Turn obstacles into challenges and learn from it
  • Build up archives of everything you’ve learnt from your mistakes
  • Focus on action and less on results to enjoy yourself and learn more
  • Try to be versatile
  • Draw your inspiration from better things instead of comparing

I’ll probably make a more detailed article about being an autodidact entrepreneur because it is something that many entrepreneurs I’ve met have in common and you can always learn a lot from these people.

Have a nice weekend and see you next time! 🙂

The other day we talked a little bit about the actions of Elon Musk when he shared the patents of Tesla to the industry. Elon Musk is a sharp business man but also a real fighter for environmental and scientific improvement, so why release patents that must have cost a fortune to develop? According to a Swedish car magazine it is due to the fact that Tesla cannot produce enough environmentally friendly cars to solve the climate crisis (http://www.forbes.com/sites/investor/2014/06/13/tesla-giving-away-its-patents-makes-sense/#534d91a567dc). This is one way of stating the same fact that Forbes did in this article where they stated that the actions solely were taken due to the lack of real competition in the market where Tesla is active (http://www.forbes.com/sites/investor/2014/06/13/tesla-giving-away-its-patents-makes-sense/#534d91a567dc). I truly believe that the reason behind Musk’s decision is that he wanted to enhance and add new competition to the market to push the development forward both business and environmentally wise. If we believe in a free market we all know that competition is something good, but in business not everyone are your friends. In the case of Elon Musk he has not and will probably not experience any trouble with other companies taking over the patents trying to block the development of competitors due to different strategies and market approach.

With this said I do wonder why so few of you offered Impetus R&D licencing agreements…Don’t you want the market to move forward?! (Im not bitter)

This Wednesday was a good day, a surprisingly good one…

Through a link found on the Linkedin page for KTH entrepreneurship I found out about a start up bar hosted by www.startaochdriva.se which took place yesterday (5/10). I went there with a few friends from KTH and ended up seeing a few more students from class and I also got to meet a lot of friendly, ambitious and outgoing people. To ease up the ambiance, everyone was to pick a sticker to put on their shirt, showing the purpose of their attendance or just a quality that could be offered to others. No one commented my sticker, but I like the thought even though it did not work… While my sticker was ignored and as I went there without any expectations or objectives I was surprised that the people were so friendly and interested. As a rather introvert person I was certainly not the conversation starter but a lot of people approached me and I ended up with a lot of new contacts and business cards. This trigged me a bit and made me start to approach people myself but most of them were trying to sell their services and products, -but they were also friendly and interested in me and my own interests.

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The event took place at Scandic central, a hotel but also where they have established the first concept of continental apartments in Stockholm (This basically means that you can buy an apartment and also get some of the benefits from staying at a hotel http://www.esny.se/sv/new-development/view/klara-vastra-kyrkogata-stockholm-continental-apartments-540035 ). The event was held in a bar at the 8th floor (of 16) and the view was great but I must say that the people were even greater!

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The greatest thing that I learned from this is that these events must be great platforms for networking and getting to know the right people since all the attending persons are so outgoing and ambitious and not like classic engineers which was my preconception of people going to a tech-influenced-entrepreneurship-event. I can certainly recommend this event to everyone interested in networking regarding Start ups or entrepreneurship!

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Yesterday I also went to the event Product Tank at SUP 46. As the topic was Product management, it was not that focused on startups. But I still think it could be valuable in a startup as they are managing a product, and you will have to do the same if you have a Startup. There were 5 speakers and they all presented their take on their day as a PM (Product Manager). As they had different kind of products and companies the topics they highlighted varied, which kept it interesting, but they all gave tips and learning’s that was quite similar, will come back to this one.

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As I previous blogged about stage fright, and it is a thing for me I really thought about their presentations. One was really nervous but fought through it. One did not even look at the audience so I slightly lost my concentration and interest. Another had a really fun and playful presentation, but did I learn that much?! After seeing 5 presentations so close together I realized that HOW you present is really more important then WHAT to be remembered. Or a least that is my take on it.

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So what did I learn and bring with me from this event?. Mostly I learned more about what a PM does and my interpretation is that they are like a director of an orchestra or the spider in the middle of the web. They have to be able to communicate and translate between the different departments, as they do not always talk the same language. They also really have to believe in the product and take the time to explain it to their colleagues so they will continue to promote it further on in the process.

 

So what are a few of the tips the speakers gave us

  • Create a road map tied to the company goals
  • Maintain focus on road map, do not stray
  • Prioritize, prioritize, prioritize
  • Where can we go?
  • What can we do?
  • Be a peacekeeper
  • Have a diverse team

 

In some aspects I can relate this to my work as a head waitress. Mostly in the part of communicating to different divisions of the company as I worked at hotels, but also as you are responsible for the “product” during service. I know it is not the same, but it is the closes thing I can relate to from by previous employments. Maybe being a PM could be something for me… Time will tell. Hope you guys have a good weekend!!!

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