© Vlerick Business School
ENTREPRENEURSHIP IN ACTIONProf. Miguel Meuleman
© Vlerick Business School
© Vlerick Business School
© Vlerick Business School
Why entrepreneurship in the world? © Vlerick Business School
Why entrepreneurship at Vlerick?  The mission of the Vlerick Business School  is to substantially contribute to the  devel...
Why entrepreneurship in your program? Entrepreneur  What / How Other side of the table  Investor (bank, angel, venture cap...
Who of you wants to be an          entrepreneur?            In 3 years?           In 30 years?11
Students’ interest in entrepreneurship Within 30 years after                                                67% completing...
0                                                                                                                         ...
What keeps people from setting up           their own ventures?14
© Vlerick Business School
16
ENTREPRENEURSHIP = ?     An entrepreneur is someone who creates a        business in the face of uncertainty by      ident...
18 |   © Vlerick Business School
19 |   © Vlerick Business School
Source: Knaup & Piazza, 200820   © Vlerick Business School
© Vlerick Business School
Central questions in entrepreneurship!   What process can help you:        to identify/create and implement       opportun...
TERRACYCLE (A): BUILDING A VENTURE WITHSPINELESS EMPLOYEES
WHO IS TOM SZAKY?the Autonomous Management School of Ghent University and Katholieke Universiteit Leuven
WHAT IS THE BUSINESS IDEA?      What convinced him there was an               opportunity?the Autonomous Management School...
WHAT WENT WRONG?the Autonomous Management School of Ghent University and Katholieke Universiteit Leuven
WHAT DID HE LOSE?the Autonomous Management School of Ghent University and Katholieke Universiteit Leuven
© Vlerick Business School
29   © Vlerick Business School
30   © Vlerick Business School
31 |   © Vlerick Business School
CONCLUSION     Entrepreneurship is the process of identifying     and exploiting opportunities     A key question in entre...
|   © Vlerick Business School
|   © Vlerick Business School
Entrepreneurship in action
Entrepreneurship in action
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Entrepreneurship in action

  1. 1. © Vlerick Business School
  2. 2. ENTREPRENEURSHIP IN ACTIONProf. Miguel Meuleman
  3. 3. © Vlerick Business School
  4. 4. © Vlerick Business School
  5. 5. © Vlerick Business School
  6. 6. Why entrepreneurship in the world? © Vlerick Business School
  7. 7. Why entrepreneurship at Vlerick? The mission of the Vlerick Business School is to substantially contribute to the development of management and entrepreneurship in a Belgian and international context by carrying out Academic Research - knowledge creation - and by offering high quality management education - knowledge transfer. © Vlerick Business School
  8. 8. Why entrepreneurship in your program? Entrepreneur What / How Other side of the table Investor (bank, angel, venture capital) Supplier / customer Policy maker Same side of the table / bed Husband / wife / partner Friends Intrapreneur T-manager Integration © Vlerick Business School
  9. 9. Who of you wants to be an entrepreneur? In 3 years? In 30 years?11
  10. 10. Students’ interest in entrepreneurship Within 30 years after 67% completing studies 33% 15% 12% Vlerick USA EU Within 3 years after 10% B completing studies 19% 10% 7% Source: Ministry of Economical Affairs/Netherlands
  11. 11. 0 10 20 30 40 50 60 70 80 90 Italy Japan Azores Belgium Denmark Russia Germany Romania Spain Portugal Slovenia Sweden© Vlerick Business School Malaysia Switzerland Greece Croatia Israel Finland France Tunisia United Kingdom Korea Ireland Egypt Hungary Netherlands United States Norway Bosnia and Herzegovina Australia Worldwide 2010 (Source GEM) Macedonia Taiwan Turkey South Africa Pakistan Saudi Arabia Latvia West Bank & Gaza Strip Mexico Jamaica Iceland Uruguay Iran Costa Rica % 18-64 pop [7/10] YES: Expects to start a new business in the next 3 years Argentina China Intentions to set up a business within 3 years: Montenegro Trinidad & Tobago Guatemala Chile % 18-64 pop [7/10] TEA involvement: setting up firm or owner of young firm (SU or BB) Brazil Colombia Ecuador Peru Uganda Angola Zambia Ghana Bolivia Vanuatu
  12. 12. What keeps people from setting up their own ventures?14
  13. 13. © Vlerick Business School
  14. 14. 16
  15. 15. ENTREPRENEURSHIP = ? An entrepreneur is someone who creates a business in the face of uncertainty by identifying significant opportunities and assembling the necessary resources to capitalize on them Scarborough © Vlerick Business School
  16. 16. 18 | © Vlerick Business School
  17. 17. 19 | © Vlerick Business School
  18. 18. Source: Knaup & Piazza, 200820 © Vlerick Business School
  19. 19. © Vlerick Business School
  20. 20. Central questions in entrepreneurship! What process can help you: to identify/create and implement opportunities? to deal with uncertainty? to deal with limited resources?22 | © Vlerick Business School
  21. 21. TERRACYCLE (A): BUILDING A VENTURE WITHSPINELESS EMPLOYEES
  22. 22. WHO IS TOM SZAKY?the Autonomous Management School of Ghent University and Katholieke Universiteit Leuven
  23. 23. WHAT IS THE BUSINESS IDEA? What convinced him there was an opportunity?the Autonomous Management School of Ghent University and Katholieke Universiteit Leuven
  24. 24. WHAT WENT WRONG?the Autonomous Management School of Ghent University and Katholieke Universiteit Leuven
  25. 25. WHAT DID HE LOSE?the Autonomous Management School of Ghent University and Katholieke Universiteit Leuven
  26. 26. © Vlerick Business School
  27. 27. 29 © Vlerick Business School
  28. 28. 30 © Vlerick Business School
  29. 29. 31 | © Vlerick Business School
  30. 30. CONCLUSION Entrepreneurship is the process of identifying and exploiting opportunities A key question in entrepreneurship is how to deal with uncertainty in an efficient way Start-ups try, they fail, they adapt, they move on. They try, they fail, they adapt, they move on. Learning and flexible adaptation is key in an entrepreneurial setting You need to manage downside risk to be able to iterate32 © Vlerick Business School
  31. 31. | © Vlerick Business School
  32. 32. | © Vlerick Business School

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