The Entrepreneur’s DNA: Hal Gregersen on what makes a successful entrepreneur

Updated February 25, 2013, 5:00 p.m. ET

The Entrepreneur’s DNA

Hal Gregersen on what makes a successful entrepreneur

Hal Gregersen is an author and professor of innovation and leadership at graduate business school Insead. What follows are edited excerpts from his discussion at the Unleashing Innovation conference.

IV-AA310_GREGER_G_20130225132405

On fostering entrepreneurship: The data would say about one-third of our creative capacity is DNA. The other two-thirds is the world we grow up in and work in. So there are things I can do to foster it in children.

Hal Gregersen, professor of innovation and leadership, explains how to foster creativity within your children.

Young kids ask a thousand questions—because they don’t believe we’re listening. When they conclude that we’ve understood, they’ll stop asking. Listen carefully to those questions. When kids come home, instead of asking them, “What did you learn today?” Ask them, “What questions did you ask today?” or “What questions do you still have to ask today?”

It could be observing, networking and experimenting. Have dinners, have lunches, do things with people who don’t look, think or act like you. One of the biggest gifts we can give our children is the opportunity to live in a different country. That will give them an opportunity to see things differently and create like nobody else can.

Every innovator we interviewed, almost without exception, had adults in their lives who paid attention to these skills when they were growing up, and it made all the difference.

On sparking creativity at companies:Innovative companies are led by innovative chief executives. They spend their time asking provocative questions, observing the world like anthropologists, networking with people who don’t think, act or talk like them. They are willing to experiment and try new things.

You have to live it. When it comes to innovation, it is like hyperspeed in terms of the importance of walking the talk.

When I’m asking somebody else to do that in my organization, and if I’m not doing it myself, that massive disconnect tells people, “I’m not going there. You’re asking me to ask provocative questions but you don’t do it yourself? You’re asking me to spend my time and energy that I could use to deliver results, and you don’t do that? I’m not going there if you don’t go there.”

It’s ultimately the CEO who sets the stage for innovation by what they do. Then it’s enabling others to do the same sorts of things.

On creativity and culture: If I’m in a collective culture where I don’t want to stand out, it’s difficult to ask provocative questions.

I’m not suggesting that the Chinese become like Americans and Americans become like Argentina. That’s not the issue here. The issue becomes, “How do I as a leader create a safe space around me so that whatever my cultural environment is, provocative questions surface?” Because if those kinds of questions don’t get asked, we will not be getting disruptive ideas. They go hand in hand.

On the future of creativity: Any country has the potential to be the next innovation country. If China can figure out how to foster provocative questioning, observing, experimenting and networking, and then take advantage of that within their companies, China has just as good a chance as anyone to tackle the innovation challenge.

It doesn’t matter what culture you’re in. When you walk into an innovative company, you see the stuff I’m talking about. Innovators have this deep spark in their eyes that shows they’re interested in the world.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: