Entrepreneurs

• Find Partners – spreads risk
• Build Teams
• Use other areas of organizations – i.e. 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 – don’t 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, users 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 information ..we’re about knowledge
• Spend resources to create transformative work
• Good ideas should be shared
• .. *** find .ppt for more ..

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• “Nothing breeds success like failure” – Kiplingers
• Just Do It!