shawshank redemption - a business pov
DESCRIPTION
Shawshank Redemption review through the lens of a business personTRANSCRIPT
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AGENDA
**SCALED TO TIME SPENT
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SYNOPSIS
• Based on a true story• Andy Dufresne• Innocent• CBO & Leveraging core competencies• Exit strategy => Mexico• Corporate venturing within the prison
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Source: http://www.youtube.com/watch?v=Ec4dGY46_1E&feature=related
VIDEO
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BOOK VS MOVIE
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METAPHORS
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CORPORATE CULTURE
• Environment not conducive for independent thinking.
• Character Red inability to get parole
• Article “Implementing Entrepreneurial thinking in Established Organizations“
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Key Players: Andy •The Corporate Entrepreneur
•Key Attributes
•Visionary: starts Business that fit the established systems & environment1
•Patience: New Business creation takes time1
•Leadership: Lesson 8 of Col. Powell of attracting best people to accomplish great deeds3
“What every CEO should know about creating new business”, Garvin, David A. " Harvard Business Review (July/August 2004)
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Warden & Red
•Warden – The CEO of the Organization
•Use of Bible to force up on a common culture in the Jail
•Runs his separate venture – Inside Out program
•Hires Andy to launder money
•Against any kind of innovation as mentioned in ‘The Internal Politics of Venturing’
•Offering resistance & inertia to the Library venture
•Resource starvation by providing lack of funds
•Red – Entrepreneur
•Key resource in Andy’s venture
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“Get busy living or get busy dying”
MISSION STATEMENT
• Andy could have succumbed to prison life and be institutionalized, but instead he saw a CBO and leveraged his core competencies and became a valuable asset to the organization.
• Joseph Schumpeter’s “Creative Destruction
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The Story…The Story…STEPPING STEPPING
STONE STONE OPTIONSOPTIONS
SCOUTING SCOUTING OPTIONSOPTIONS
POSITIONING OPTIONSPOSITIONING OPTIONS
ENHANCEMENT ENHANCEMENT LAUNCHESLAUNCHES
PLATFORM LAUNCHESPLATFORM LAUNCHES
LOWLOW MED MED HIGHHIGH
Market UncertaintyMarket Uncertainty
Andy Andy enters enters
ShawshankShawshank
Andy Andy enters enters
ShawshankShawshank
Andy does Andy does Taxes for Taxes for
GuardsGuards
Andy does Andy does Taxes for Taxes for
GuardsGuards
Andy gets Andy gets hammer & hammer & the poster the poster to plan his to plan his
escapeescape
Andy gets Andy gets hammer & hammer & the poster the poster to plan his to plan his
escapeescape
Andy starts Andy starts writing to writing to Senate for Senate for
Library Library fundsfunds
Andy starts Andy starts writing to writing to Senate for Senate for
Library Library fundsfunds
Andy launders Andy launders money for money for
WardenWarden
Andy launders Andy launders money for money for
WardenWarden
Andy is found Andy is found not guiltynot guilty
Andy is found Andy is found not guiltynot guilty
Andy Andy escapesescapesAndy Andy
escapesescapes
Types of R&D projectsTypes of R&D projects
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New businesses need help fitting in with established systems and structures •Organizational Orphans
•“Fish” in Shawshank
•Friendship with Red
•Rock hammer and Rita poster
•Opportunity of working on the roof
•Relationship with inmates and Guards
“What every CEO should know about creating new business”, Garvin, David A. " Harvard Business Review (July/August 2004), pp. 18-21.
NETWORKING
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•Market uncertainty vs Technology confidence – Scout
•Tax planning advice to the guard
•Financial service to the warden
•rock engraving, poster, sole cell, library
Ian C. MacMillan and Rita Gunther McGrath, “Crafting R&D project portfolios”, Research Technology Management (September/October 2002), pp. 48-59
SCOUTING OPTIONS
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The Middle Manager as Innovator
•Comfort with change, Clarity of direction, Thoroughness
•Persuasiveness, persistence, discretion – Library expansion
•Participative management – encourage inmates (Tommy)
Rosabeth Moss Kanter, “The middle manager as Innovator”, Harvard Business Review, July- August 2004, pp. 150, 152-161
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Prove Innocence
• Tommy’s Death/transfer: Changes the markets/technology and indicate current model is not sustainable
• “Get busy living or get busy dying”: For good or bad, make a decision and go for it
• Prison is a Red Ocean: Escaping creates a blue ocean for Andy
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Other ventures - Red
• Red: Bet on people and not on the analysis; Implement entrepreneurial Thinking in Established Organizations
• Successful manager inside corporation : New businesses need help fitting in with established systems and culture; What every CEO should know about creating a new business
• Great inside network to get things around: Managers must be able to handle a corporate entrepreneur different than the rest
• Once outside, didn’t have a network: Implement entrepreneurial Thinking in Established Organizations
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The Escape
Master Plan - Hole on the wall - Escape route - Clothes from Warden - Finance from Warden
Zihuatenjo Mexico
SMART goals
Entrepreneurial Venture
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Reflection
What can we learn from Andy…
• Model Entrepreneur• Thinking laterally• Innovate or be Institutionalized• Ian Telford synonymous with Andy
Leadership is the art of accomplishing more than the scienceof management says its possible.
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