Millennials, taking over leadership roles, are less impressed with classroom learning and aggressive corporate ‘unique’ culture. They are often torn apart between corporate life and making it big-time as entrepreneurs, as they have lived through the creation of today's generation of self-made billionaires. While they like the security of bigger systems (though they won’t admit it directly) they have that desire of making it big-time. The usual story goes: “I’m working here to secure my lifestyle, but I have that great idea that one day will make me filthy rich”. It is so simple … but it rarely happens.
What if your company would give you a real opportunity to express yourself? Not only to send you to some training, but also to free your time and give you some budget to be creative for yourself, and not just for the company? What if this budget comes without the pressure of delivering results? Wouldn’t it be cool?
- Set up a group (6-8 people) of early-career professionals. Usually into their first managerial role. Perceived as high potential.
- Let them agree on what they want to work on
- Provide budget and time (we can discuss this, but I would propose 1 day a week over a 6 month period)
- Provide support and monitor progress
Key outcomes for participants:
- Live the dream and rekindle your passion
- Learn through play and learn how to fail
- Learn about yourself
- Make yourself successful
Key outcome for clients:
- Develop future leaders and give them space to grow fast
- Build on entrepreneurial skills and innovative approach
- Increase employee loyalty
- Create massive PR/employability campaign in case of commercial success
Work can be organised in few different modules:
- Above Market Module – big multi-nationals working across different geographies/culture
- Cross-Market Module – diverse regional/local companies having strong departments (Operations, Sales, Finance, IT)
- Blue Sky Module – mixing people from different companies, functions and geographies to work together
Enterprise set up
Ideation – two days workshop to prepare participants and deliver project proposal
- Theory phase on personal development, focus on leadership skills
- Work through inspiring examples, such as the existing success stories of Amazon, Innocent Drinks, Uber, etc.
- Ideation phase, everybody has to come with one simple idea of what should be the project
- Brainstorming phase, when the whole team is going through all the ideas and agreeing on final one
- Winning idea and way forward – structure, ways of working, frequency, budget, etc.
End result of 2-days workshop is to agree on what project to commit to and work out roles everyone is going to play. In cross-functional projects the key is that people are assigned roles outside of their core function.
Execution – 6 month timeframe over which project has to be delivered
Fortnightly (virtual) operational meeting - progress and challenges are going to be discussed. Agenda should be managed by participants (chairperson can be decided on rotational basis) but TNM will have an Executive Board role, challenging participants and steering the ship.
- Budget management – can be part of regular meetings
- Avoid excessive reporting as a part of the project, keeping participants focused on skill-building and getting out of their comfort zone
- Verbal reports only to be shared during regular meetings
- Milestones to be established and monitored during the meetings
- Failures to be shared openly, and learning to be made clear immediately (TNM task is to create safe space for participants to feel comfortable to share failures. It is important for this one to happen regularly, rather then waiting for project closure)
Product Launch – regardless of state of readiness, project concludes after 6 months. Outcome is not as important as learning is.
Launch has to be approved by Executive Board (TNM + one senior manager from another industry to be provided by TNM).
We have to provide a few options here:
- Full launch to be possible and product or service to be launched (including crowdfunding, angel investors and/or similar) – property rights and legal aspects to be determined prior to launch
- Semi-launch is also an option – where a modified product/service is going to be launched
- No launch at all and project closure
Regardless of the outcome, project has to be concluded with 1-day workshop (including celebratory dinner or similar event). Aim is to:
- Celebrate success and failures
- Learning path fully internalised
- Personal journeys and what has changed for everyone?
After official project closure, we can consider including a follow-up stage where participants would be coached for 3-6 months, to embed learning into their newly developed skillset for future application.