Releasing the Entrepreneur Within

John ThompsonRoger M Bale Professor of Entrepreneurship

Huddersfield University Business School

HEA Enterprise & Employability Workshop31 January 2007

My Questions for Today

• What do we mean by enterprise and entrepreneurship

• How do we develop and support each of them

• What do we make available to whom?• Do we need to identify students with

entrepreneurial potential?• If so, how?• And then what do we do?

Enterprise and Entrepreneurship

Enterprise

Having ideas and doing something about them – a way of behaving

Entrepreneurship

Interest in start-up and self-employment

Enterprise & EntrepreneurshipEnterprise & Entrepreneurship

Enterprise

Entrepreneurship

In the Curriculum

Adjunct to the Curriculum

Entrepreneurship Entrepreneurship

‘Prepare for’

‘Teach about’

All Students Identified as having potential

One - to - oneMentoring

etc.

‘Enterprise’ Workshops

Enterprise &entrepreneurship

modules

Developing New Businesses

The three inter-twined transformations:

The idea into a product

The ‘entrepreneur-in-waiting’ into a ‘competent practitioner’

The ‘spare bedroom’ into an organisation

TALENT, TEMPERAMENT, TALENT, TEMPERAMENT, TECHNIQUETECHNIQUE

TemperamentTemperament

Talent Talent Technique Technique

THE ENTREPRENEUR’S FACETS - THE ENTREPRENEUR’S FACETS -

The six character themesThe six character themes

CreativityCreativity

FocusFocus

TeamTeam

Inner EgoInner Ego

SocialSocial

OuterEgo

OuterEgo

AdvantageAdvantage

THE THE “Seven Habits”“Seven Habits” OF THE EFFECTIVE ENTREPRENEUR OF THE EFFECTIVE ENTREPRENEUR

January 2007

The Entrepreneur Indicator

www.efacets.co.uk

30 ‘balanced’ questions

Instant ‘outline’ feeedback

Foundation for support and mentoring

Password access only

The Entrepreneur Indicator

Raw scores/ metrics are only part of it!

The Talent ChainInner-Outer Ego Balance

The Talent-Temperament RelationshipThe Strength of Team

The Presence (or otherwise) of Social

Discussion Questions

• Do we want to select students and offer them distinctive/customised support

• If so, how? And what are we going to look for?• Do we want to provide a comprehensive

enabling packaging – with advice, coaching and mentoring?

• How do we engineer an effective match between would-be entrepreneur and enabler?

Key referencesKey references

Focus on the Entrepreneur - Achieve your Potential

Bill Bolton & John Thompson

Thomson Learning2002

Enabling Entrepreneurs – Maximising Effectiveness in

Advising, Coaching, Mentoring and Incubating

New Businesses

John Thompson

University of Huddersfield/UK Business Incubation

2006