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Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
Masterclassentrepreneurhip
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Masterclassentrepreneurhip

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  • 1. Yes you can! Entrepreneurship for people in a globalised world Dr Gideon Maas & Prof. Paul Hannon
  • 2. Dr Gideon Maas• Co-Director Institute of Applied Entrepreneurship, Coventry University, UK• Field of speciality: Entrepreneurship and Family Businesses• International Business and Academic experience• Contact details: – E-mail: gmaas@cad.coventry.ac.uk – Tel: +44 (0) 7974 98 4434
  • 3. Prof. Paul Hannon• Director of Research and Education, National Council for Graduate Entrepreneurship, UK• Visiting Professor Coventry University• Field of speciality: Entrepreneurship• International Business and Academic experience• Contact details: – E-mail: paul.hannon@ncge.org.uk – Tel: +44 (0) 121 380 3545
  • 4. Going global or operating in a global environment?
  • 5. Agenda• To de-mystify the concept "entrepreneurship“ – What is entrepreneurship? – Why is entrepreneurship so important within a global environment? – Can I be a global entrepreneur?• To identify challenges facing entrepreneurs within the current environment – What are the broad challenges facing entrepreneurs world-wide?• To identify ways people can improve their entrepreneurial abilities – How can I improve my entrepreneurial abilities?
  • 6. What is entrepreneurship?
  • 7. The Enterprise Concept• Enterprising person – Personal skills + attributes + behavioural and motivation – Examples: intuitive decision making; make things happen autonomously; networking; initiative taking; opportunity recognition; strategic thinking; self-efficacy• Entrepreneurial mindset – Empathy with life-world of the entrepreneur and entrepreneurial waysSource: NCGE
  • 8. The Entrepreneurship Concept• Application of enterprising skills in the context of – Setting up new ventures – Developing/growing an existing venture – Designing an entrepreneurial organisationSource: NCGE
  • 9. The Innovation Concept• Product of enterprising and entrepreneurship concepts• Definition – Creating and exploiting of opportunities – For new ways of doing things – Resulting in better products and services, systems and ways of managing people• Success is a function of: – Individual enterprising behaviour – Entrepreneurial organisation capacity
  • 10. Can I be an entrepreneur?• Born like this?• Educated like this?• I am not from a family business, what chance do I have to be entrepreneurial?• Really, do I need to be like this?
  • 11. Challenges facing entrepreneurs
  • 12. Why is entrepreneurship so important currently?• Individual and Country growth• 85% of the fastest growing technology companies and 70% of the fastest growing private companies were founded by graduates during 2008 in the UK!
  • 13. What are the broad challenges facing entrepreneurs world-wide?• Fast changes – more innovation and increased complexity• Knowledge environment• More or less jobs?• Focus on smaller companies• Diverse nature of entrepreneurs• Influence of technology• Regional changes e.g. Creation of new industries
  • 14. Cultural determinants• Religion• Political philosophy• Economic philosophy• Education• Manners and customs• Language• Social structureHisrich 2010
  • 15. Improving myentrepreneurial ability
  • 16. How can I improve my entrepreneurial ability personally?• Know yourself! – What are your strengths and weaknesses as entrepreneur?• Aligning visions: personal + family + business – Strategic break-away with yourself!• Inside-out and Outside-in thinking – Travel, balanced networks• Be passionate – Celebrate successes and failures! – Be emotionally involved!
  • 17. How can I improve my entrepreneurial ability within the organisation?• Effective use of technology – Competitive advantage or cost?• Know your employees – They are better than what you think!• Know the value you are offering – Adding value or just impressing yourself?• Budget for innovation – What percentage are you spending on innovation?
  • 18. Where can I find help?• Institute of Applied Entrepreneurship• Tel: +44 (0) 24 76236001• www.coventry.ac.uk/entrepreneurship
  • 19. Thank you!In order to stimulate entrepreneurship we need to be entrepreneurial ourselves!

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