CS 2212 IT Innovation and EntrepreneurshipYahya Hamad SheikhAssistant Lectureryahyasheykh@gmail.comIntroduction and Basic Concepts

The Entrepreneur

Characteristics of an entrepreneurMental abilityClear objectivesBusiness secrecyH.R. abilityCommunication abilityTechnical knowledgeAchievement-orientedEthicalMotivatorSelf-confidentLong term involvementHigh energy levelProblem solverInitiatorGoal setterRisk taker

Who ca be an entrepreneur?Who can take moderate risksWho has ability to work hard Who can capitalize on opportunitiesWho has some financial strengthWho feels the need for achievementWho has desire for responsibilityWho has perception of probability of successWho gets stimulation by feedbackWho possess skills in organizingExperience is not a pre-requisite!!!

What makes a successful entrepreneur?The urge for achievementDetermination to winWin-Win PersonalityWillingness to take moderate risksAbility to identify & explore opportunitiesAnalytical ability to take strategic decisions

What makes a successful entrepreneur?FlexibilityCapacity to plan and organizePreparedness to undergo physical and emotional stressFuture orientation: VisionEthics and Values: Mission

Mindset Change Towards Entrepreneurship

Warm UpHard workKnowledgeAttitudeMoney Luck SkillsLeadershipLove

If you want to be successful, what do you need most (rank 1 to 3)

Warm Up answer Attitude

Hard work

KnowledgeIt is our ATTITUDE towards life and work that makes our life 100%

What is an attitude?Attitude is a state of mind - your attitude is your mind-set It is the way you look at things mentallyThey indicate ones feelings either favourably or unfavourably to persons objects and or events Attitudes affect behavior positively or negatively Attitudes affect perception, and in turn, behaviour Attitudes undergo changes so it is time to change!!!

Defining attitudeAttitude is defined as the persistent tendency to feel and behave in a particular way towards some objects, persons or events

Example

Seminar 1: Analyse your personality in reflection to entrepreneurshipFeelings about ControlAre you able to control yourself, others, or business? How?Feelings about IndependenceYou think you are independent? How?If not independent how you think you will change?Willingness to take RisksYou think you are willing to take risk? How?If not where you think you need to change?

Seminar 2: IT innovation and entrepreneurshipIdentify cases of innovation and entrepreneurship utilizing IT in Zanzibar & East AfricaEach group identify one, write a small report (max 2 pages) and present in the class

End of Lecture day 3

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