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Venturepreneur

Developing Venture Management Arts and Venture Plans for High-Growth Ventures

Innovative Ten3 Training Course

"Nothing venture, nothing win!"

Training Focus

Venture Management, Entrepreneurial Creativity, and Entrepreneurial Leadership

The Purpose

To build and evaluate entrepreneurial creativity and venture management capabilities of would-be innovation executives and venture entrepreneurs.

Key Benefits

The program helps venture entrepreneurs stretch their venture management capabilities and make a reality check on themselves. It helps also corporations and business schools discover hidden talents for entrepreneurial creativity and venture management among their students, employees and would-be employees and select best venture managers for their new businesses.

 

The Key Secret to Success in Business. And failure.

Why do some businesses succeed and some fail under exactly the same circumstances and in exactly the same business?

The difference is their point of view about what a business is, and what one isn’t. The difference is that successful business owners were all entrepreneurs, and that the vast majority of the people who go into business aren’t.

Management of the venture-building process is fundamentally different  from corporate management that is focused on delivering the annual operating plan. Management of a new high-growth business is build around a  customer-driven idea or a technology. It requires entrepreneurial mindset and skills. Being first to the market is the top priority for the venture manager. Your core competence, the ability to move quickly from idea to market, is a key enabler of success.

Balanced Business System Innovation System Sustainable Corporate Growth Moving with Speed Differentiation Strategies Competitive Strategies Management Team Employee Empowerment Diversification Strategies Injecting Relentless Growth Attitude High-Growth Business Development: Maturity Stage High-Growth Business Development: Expansion Stage High-Growth Business Development: Growth High-Growth Business Development: Inception Stage Retaining Customers Differentiation Strategy Venture Plan Intellectual Property Strategies for Start-ups Business Plan for High-Growth Start-ups Vadim Kotelnikov (personal web-site) Rolling Out Brand Management Venture Management Ten3 Business e-Coach: why, what, and how

ISSUES

VENTURE MANAGEMENT: Key Features

Used in

High-Growth Ventures

Building Business Around

Opportunities: customer-driven idea or a new technology

Market Focus

Entering emerging market that has yet to be recognized and exploited

Results

Quite unpredictable

Time-to-Market

Speed is above all; must be first to market

Success Measure

Market capitalization

Market Research

"Living the data", agility, experimentation, adaptation, and rapid response

Management Attitude

Dedicated to identifying and adapting to unmet, unserved customer needs

Management Style

Driven by imagination and faith; chaotic; always ready to adapt rapidly and change

Core Competence

Ability to move quickly from idea to product to market

Independence

Anarchic, demands space for action

Risk Management

Experimenting, adapting, failing, and experimenting again

Change Management

Turning 180 degrees at top speed, and resuming cruising speed

Motivation

Risk-reward structure

Decision Making

Faster; entrepreneur is the key decision maker

Funding Source

Venture capital

Financial Focus

Cash flow

Innovative Sandwich Event: Training – Practice – Training

“I hear and I forget. I see and I remember. I do and I understand.” – Confucius

Before training: Trainees are given an outside-the-box product idea and are requested to draft venture plans and a business model

Day 1-2:  Training on Entrepreneurial Creativity, Entrepreneurial Leadership, Venture Management, Venture Strategies, Competitive Strategies, Radical Innovation Project Management, and New Business Models

Day 2-3:  Trainees improve the venture strategies and business model they’d drafted based on the new knowledge gained. Innovative solutions are discussed in a group. Interactive feedback and training.

The Entrepreneurial Creativity Capability Evaluation is fundamentally different from traditional Business Plan Contests. It’s main objective is not to evaluate the business plan, but to evaluate the capabilities of a personal for entrepreneurial creativity, entrepreneurial leadership, management of radical innovation projects.

 Training With a Difference

Traditionally, the end of a training course is the end of the guidance by the trainer.

Our Ten3 courses are different! The end of our training course is just the beginning of our guidance and your exciting journey.

Better learning

Trainees are more receptive to new knowledge and ideas during the training as they've applied their mind to the subject while preparing the draft venture plans before training and know that they must improve relevant chapters of these plans after each training session.

Better understanding

“I hear and I forget. I see and I remember. I do and I understand,” said Confucius. The best kind of quality oriented learning is just-in-time-style learning, that is, learning that happens on the job and knowledge which is applied immediately as needed. The sooner you can apply the material you learned, the better you will understand it and the longer it will be retained. We achieve this by asking trainees improve relevant sections of their venture plans and business models after each training session.

Better Outside-the-box Thinking

Thinking outside the box is a vital skill of a venture leader in today's complex and rapidly changing world. Trainees are encouraged to challenge assumptions and stretch their imagination while preparing venture strategies and business models for outside-the-box new product ideas before and during the event. Winning innovative solutions are further inspired in the process of cross-pollination of ideas during the last session of the training course.

Better implementation

The training provides the necessary bridge between Strategizing to Design and Implementation. Trainees will gain a better understanding of the total competitive arena and learn to anticipate competitive developments and moves. Building  "prepared minds" is necessary to make sure that decision makers have a solid understanding of the venture, its strategy, and the assumptions behind that strategy to be able to respond swiftly to challenges and opportunities as they occur in real time.

Post-training support

The participants will be given a CD with the latest version of Ten3 Business e-Coach, your 360º achievement catalyst, and Ten3 SMART screen savers that will provide them with continuous 24/7 inspirational e-coaching. 

 

Training without forgetting

The problem with conventional training. Research shows:

  • By Day 2, we forget 50% of what we've learned

  • By Day 30, we retain 2%-3% of the original knowledge and need to be re-trained.

What a waste of our precious resources!

Ten3 Smart Learning

  Fast inspirational learning

– without forgetting! 

  • Smart Course Materials make learning easy and fast!

  • Smart Screen Savers help you reactivate your knowledge and apply it – continually and effortlessly!

 
 

The World's #1 in Business e-Coaching!

We invented inspirational Business e-Coaching in 2001

Today, we have customers in 80+ countries!

Different industry leaders buy Ten3 SMART courses to innovate and grow faster and smarter!

 Among our customers are: 3M, ABB, Adidas, Alcatel, American Express, Bayer, Boeing, British American Tobacco, BP, Canon, Cisco, Colgate, Corning, Deloitte Touche, Ernst & Young, Fujitsu-Siemens, GE, Goldman Sachs, HP, Hitachi, Huyndai, IBM, Intel, Johnson & Johnson, JP Morgan Chase, KPMG, Lufthansa, Microsoft, Motorola, Nokia, Oracle, Samsung, Shell, Sony, Union Bank of Switzerland, and many leading business schools.

 

Click here to see/buy the content of the course

Venturepreneur

Build and Lead a High-Growth Start-up Venture!

High-Growth Business Development Strategies

Creating a Winning Business Model

New-to-the-World Product Development

Venture Financing

Entrepreneurial Leadership 

Psychology of Achievement

Entrepreneurial Creativity

100 slides + 100 Executive Summaries