Entrepreneurs
- Find Partners – spreads risk
- Build Teams
- Use other areas of organizations – ie Business school for business plan.
- Opportunity focused
- Should be small, simple and practical.. one idea at a time
Drucker: Links Entrep and Innovations
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Risk
- Some may chastise Libraries for taking risk (risk adverse) .. Libs have been rewarded for being conservative
- Risk Taking vs Risk Management – go for Risk Management
- Parallel to Investing
- Balancing risk, diversifying, reserves and using time
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Leadership
- Create culture of innovation .. hire ‘em and let ‘em go
- Some guidelines – dont micromanage
- Instill principles and values
- Provide resources, rewards & incentives
- No perfect decisions – Take Leaps of Faith
- Resist order and completeness
- Don’t Manage for for Exceptions: Too much planning for for exceptions (policies)
- Design for typical occurances (98%) not Exceptions
- Empower people to make decisions on exceptions
- More risky when 1 person makes decisions
- Fear of Failure
- Fear of Success
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Organizational work (slide)
- Normal work -> R&D -> Innovation -> Transformative work
- Only funded to do “Normal work”
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Knowledge Management
- Open and collaborative – of interest BEYOND the institution
- Collect Institutional mission-based assets
- Proposes new discipline – “KIAS (Knowledge Information Arts & Sciences)” .. Knowledge Technology
- She says “open knowledge” will surpass published content
Re-Imagine:
- Curate .. notebooks, data, software, ussers are creating their own “personal knowledge systems”
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Opportunities:
- Open Movement – resist control
- Social Networks: services (OCLC)
- Teaching new literacies and digitally challenged
- Leverage advantages of location and service
- Mini/Innovation Grants (Enrichment Grants) – up to $5000
Ideas:
- POD squared – Print on Demand / Purchase on Demand
- “Espresso Machine” Prints Books on Demand
- Utah – Western Soundscape Archive – cool – Funded by library & ILMS (westernsoundscape.org)
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Strategies:
- Fast track decision
- Be ready for opportunities
- Reinvent
- Experiment, shift, adapt
- Assume more risk
- Partner
- Plan in shorter time frames
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Summary Points (there is more … find .ppt)
- Stop dwelling on risk – risk is unavoidable .. live with and manage
- Small focused steps
- Not about inofrmation ..we’re abotu knowledge
- Spend resources to create transmormative work
- Good ideas should be shared
- .. *** find .ppt for moremore ..
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- “Nothing breeds success like failure” – Kiplingers
- Just Do It!