Creating Star Teams 12th Feb 2013 - Cambridge Judge Business … · 2018-05-31 · 12th Feb 2013...
Transcript of Creating Star Teams 12th Feb 2013 - Cambridge Judge Business … · 2018-05-31 · 12th Feb 2013...
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This week’s guest speakers
Creating Star Teams
12th Feb 2013
Chris Barnardo & Richard Blakesley, Co-Founders, The Wand Company
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Personal
Skill
Self
Awareness
Financial
expertise
Technical
expertise
Marketing
expertise
Shared
Vision, values
& beliefs
Building and
Managing
Relationships
Eligibility
Suitability
Core competences for
entrepreneurial teams
Based on the work of Vyakarnam and Jacobs – Cranfield School of Mgt
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Team Roles - Belbin
Co-Ordinator – Brings people and resources together
Shaper –
Plant
Resource Investigator
Implementor
Monitor Evaluator
Team Worker
Completer Finisher
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Roles – Formal by job description
Role Responsibility
Chief Executive Officer (CEO) Day-to-day running of the company, formulating
policy proposals and implementing the Board’s
decisions
Chief Financial Officer (CFO) Keeps the books and is usually a qualified
accountant, prepares management reports and
budgets, advises on fundraising
Chief Scientific/Technology Officer
(CSO/CTO)
Manage the scientific, technical (new
developments and technical or scientific
strategy) work of the company.
Vice President, Sales & Marketing Position and market the product or service.
Develop go-to-market strategy and channels.
Direct Selling to early customers
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Who is doing the:
Minutes
Follow up actions
Sales Pipelines
Client appointments
Operational priorities
Web updates, blogging…
Legals
Management accounts
Reconciliations with bank statements
Payments
Book keeping
ETC.,.,.,
Roles – Operational
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Compelling vision
Communicated into tasks
Defining the Star Team
Social skills
Business know How Breadth and Depth
Of the team - diversity
Delivery –
Promises
Vyakarnam and Handelberg
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“Doing things with the absolute smallest team increases the chance that you’re not going to screw up.”
Abe Karem, 2012
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25
Watch:
The Wand Company in the Den
http://www.youtube.com/watch?v=-
WzKghHe9zk
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April 28th 2010
26
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We met and learned about teams at Cambridge Consultants
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We used our product creation skills and friendships to start
Pelikon to commercialise one of our inventions
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Pelikon
6 people funded by CCL 30 people after £4M VC funding
+£10M > 85 people split across 2 sites 200 miles apart
research, design, development,
manufacturing and sales
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+ =
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Depending on your business idea, do you really need a team to get
started?
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bold sturdy
humane farseeing
Hippocrates, c370BC
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thinking
intuition or sensation
feeling
Carl Jung, 1921
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thinking
intuition or sensation
feeling
Carl Jung, 1921
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coordinator shaper plant
monitor evaluator implementer
resource investigator team worker
completer-finisher (specialist)
Meredith Belbin, 1981
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finance research design
development marketing
manufacturing sales
warehousing shipping
customer service
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finance research design
development marketing
manufacturing sales
warehousing shipping
customer service
finance research design
development marketing
manufacturing sales
warehousing shipping
customer service
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Top tips for building a star team, seek:
honesty high quality thinkers
problem solvers empathy
hard workers complementary personality types
but… only when you really need to
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Our team has grown to 3.5
Richard Chris
Andrew Dawn (half time)
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Presented by
Chris Barnardo & Richard Blakesley
The
Wand
Company
Ltd