In case you missed it, we have gathered in the series of "The Secret Sauce of Innovation" on Clubhouse last week, with Lisa Galea, Lynessa Rico, and Clark Kellogg to talk about women's entrepreneurship, innovation strategies behind the success, and how design thinking can empower the entrepreneurial journey.
We would like to share a recap of our talks with key takeaways.
If you want to follow us and join for the upcoming events, we launched our own club, "MBA Coffee Chats.” Every week, we cover topics inspired by the MBA Classes including, but not limited to Innovation, Leadership, Strategy, Marketing, Entrepreneurship with guest speakers who are industry experts, lecturers, thought leaders, and many more.
Will not be able to join? Stay tuned, we will summarize upcoming talks and will share the recap every week just for you!
Accelerating Entrepreneurship Globally Based on Technology and Collaboration
Increasing our collaboration with a diversity of lived experiences is the source of unique insights that create human-centered solutions. During COVID-induced lockdowns and travel bans, basic elements of human nature, namely connection, collaboration, and creativity have been suppressed. As vaccine rates increase, borders open, and people reconnect, we will see an explosion of innovation over the next decade, as all over the world's great minds reconnect.
While the post-COVID opportunities are tremendous, the inspired 20-or-30-something-year-old sees profiles of Bezos, Jobs, and Zuckerberg held up as icons to emulate. However, the narrative around these leaders promotes both the “lone genius” and white, male founder fallacies.
HMW use the mindset of design thinking to redesign the narrative of a successful founder?
3 Mindsets to Empower Women to Continue their Entrepreneurial Journey
Embracing Failure as a Learning
People make mistakes; the secret sauce of innovation is reframing failure as “learning our way forward.” Even with that mindset, does your current environment provide the physical, mental, and emotional freedom these learning moments?
If we want to encourage innovation, we need to have that freedom and vulnerability to be able to fail and iterate until we find a solution that suits us. It takes a lot of strength to show vulnerability. Setbacks are inevitable. It's about how we address those setbacks.
As design thinkers, we suggest to “fail early + fail often” to grow.
There's no question that the mindset pieces around the table of a successful, collaborative entrepreneurial effort include empathy, which is the capacity to deeply understand other people's lived experiences.
In the past year, everyones’ lived experience has dramatically changed. With the bridge of empathy, entrepreneurs can compassionately cross boundaries to connect with the needs of potential customers around the world.
When teaching design thinking at the university, leading client engagements, and facilitating workshops, we jokingly ask, “how many of you are here because you want to make the world a worse place?”
And no entrepreneur has ever raised their hand. The intention is always to “find a better way.” But, can we find a better way without practicing empathy and learning our way forward?
In my experience, every time I've been either personally or professionally successful, it's been as a member of a team. And every time I've been successful, the majority of that team has been women and every time I've been successful, the real underlying ethos of that team is collaboration. And let's face it, collaboration is a whole lot more fun than going it alone, right?