Entrepreneurship, introduction to entrepreneurship, definition of entrepreneurship

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Introduction to basics of Entrepreneurship covers topics such as social entrepreneurship, business entrepreneurship and various masteries needed. The subject matter covers examples from the Philippines. This a compilation of various learnings from various references. These slides are lectures at Agsb entrepreneurship elective and have been uploaded for the access and convenience of present and past students of the said elective

Transcript of Entrepreneurship, introduction to entrepreneurship, definition of entrepreneurship

  • Introduction to Entrepreneurship Unlocking the Secrets of Wealth Creation April 16, 2011
  • A. General Concepts
  • The ENTREPRENEUR
  • Our common understanding
    • The boss
    • The business owner
    • The risk taker
    • One who starts a small business
    • The resourceful guy?
  • No single definition
  • French word origin Entependre an undertaker
    • Walt Disneys definition
    • .to do things and make things which will give pleasure to people in new and amazing ways. .It is magic !
    For this course: *From the lecture given by Larry Farrel at SBMA, August 7, 2002 and at UAP, October 30, 2009.
  • Walt Disney and entrepreneurship Simply amazing! Magical
  • Entrepreneurship involves:
    • MAGIC soft issues
    • LOGIC hard issues
    • It is making the world forever new . It is taking aggressive actions.
    According to George Gilder from The Spirit of the Enterprise* According to Joseph Schumpeter -*
    • It is destroying the old order and creating new ones.
    *From Business as a Calling by Michael Novak
  • It is about:
    • NEW:
      • Business ideas
      • Products
      • Processes
    • ENTREPRENEURSHIP
      • A MINDSET
      • About a forever innovating mindset
  • THE THREE MASTERIES FOR AN ENTREPRENEUR:
    • Mastery of Self
    • Mastery of Opportunity
    • Mastery of the Enterprise
  • Mastery of Self Mastery of Organization Enterprise Corporate Entrepreneurial Leadership Corporate Leadership
  • Aspects of Self-Mastery
  • Traits of an Entrepreneur - Ds and Fs Is it better to drop out? Is it better to get F as a grade?
    • Dream
    • Determined
    • Details
    • Dollar (Peso, in our case)
    • Decision
    • Doer
    • Distribute
    • Destiny
    • Devotion
    • Dedication
    Ds
    • Founder
    • Faith
    • Focused
    • Frugal
    • Fast
    • Fun
    • Flexible
    • Flat
    • Forever Improving
    Fs
  • Anatomy of the Entrepreneur The Entrepreneurial Mind Frame The Entrepreneurial Gut Game The Entrepreneurial Heart Flame
  • Anatomy of the Entrepreneur WISDOM HEART GUTS
    • What lies behind us, what lies before us, is nothing compared to what lies within us.
    HANDS
  • Self Analysis:
    • Gifted minds
    • Steely Guts
      • Ability to intuit
      • Courage
    • Patriotic Hearts
    • Hands that truly care
    Do I possess all of the above?
  • The Entrepreneurs Brain Let us do a brain surgery
  • I have 4 brains: left cerebral, left limbic, right limbic, Right cerebral.
  • The HBDI developed by Hermann yielded a brain dominance profile Logical Factual Critical Technical Analytical Quantitative Interpersonal Kinesthetic Emotional Spiritual Sensory Feeling A B D C
    • Arithmetic
    • Algebra
    • Calculus
    • Logic
    • Science
    • Technology
    • Finance
    • Programming
    • Accounting
    • Technical
    • Management
    • Production
    • Arts
    • Geometry
    • Design
    • Poetry
    • Architecture
    • Marketing
    • Social Sciences
    • Psychology
    • Dance
    • Drama
    • High-Skilled Sports
    • People-Management
    A B C D PREFERRED SUBJECTS
    • Lawyers
    • Engineers
    • Computer Systems Analysts
    • Financial Analysts
    • Technicians
    • Physicians
    • Statisticians
    • Bureaucrats
    • Administrators
    • Bookkeepers
    • Entrepreneurs
    • Explorers
    • Artists
    • Playwrights
    • Scientists in R&D
    • Advertising
    • Guidance Counselors
    • Public Relations
    • Nurses
    • Social Workers
    • Entertainers
    • HRD
    A B C D
    • Composers
    • Jazz Musicians
    • Planners-Programmers
    • Elementary Teachers
    • Policemen
    • Cashiers
    • Production Supervisors
    • Maintenance People
    • Classical Musicians
    • Salesmen
    • Priests
    PREFERRED PROFESSIONS
  • CEOs male or female Cerebral Right mode Left mode Limbic
  • Entrepreneurs Cerebral Right mode Left mode Limbic
  • B. Forms of Entrepreneurship
    • Social Entrepreneurship
    • Business Entrepreneurship
    • Techno Entrepreneurship
  • 1. Social Entrepreneurship
  • 1. Social Business Mix NGO (non-profit) NGO (for-profit) Social Enterprise Social Business Business Enterprise CSR Profit Maximization Business (PMB) Business Enterprise
  • Social Entrepreneurship
    • Any creative and innovative solution applied to solve social problems (Mohammad Yunus, 2007)
      • It involves social mission
      • Profit and/or entrepreneurial processes
  • Banker to the poor
  • Social Entrepreneurship
    • Search for approaches to move poor people out of poverty beyond welfare-based safety nets.
      • No more charities
      • Sustainability
      • Profits for non profits
  • Social Entrepreneurship
    • CSR corporate social responsibility
    • CSV corporate shared value
      • Human Nature
  • Social Business
    • The triple bottom line
      • PEOPLE
      • PROFIT
      • PLANET
    • BOP Bottom of the Pyramid
  • BOP Bottom of Pyramid A-B 9% C 20% D-E 31% F 40% Living on less than $2 per day Above poverty threshold Living on less than $1 per day
    • Mother Teresa did what no other person has done before to take care of the poor, destitute and lepers
    • Lance Armstrong
    • 7 times Tour de France champion
    • His real victory is with the LAF where he helps hundreds of cancer victims
    • Sir Edmund Hillary was first to conquer Mt. Everest
    • Sir Edmund Hillary came back to Nepal and helped the Sherpas improve their living conditions.
  • Mohammad Yunus
    • Taught Developmental Economics at the University of Chitagoong in Bangladesh.
    • Economics, right at the outskirt of the University, poverty was everywhere.
    • He found out that all that was needed by the poor was a loan of 27 chakas. Thats how the Grameen Bank started.