Everything you never wanted to know about entrepreneurship

Everything… You Never Wanted to Know About Entrepreneurship © Matthew C. Draycott І 2011Wednesday, 25 January 12

Present history of entrepreneurial academia to introduce different ideas which have influenced the definition this term.Wednesday, 25 January 12

Present history of entrepreneurial academia to introduce different ideas which have influenced the definition this term.Discuss the relationship betweenenterprise and entrepreneurship.Wednesday, 25 January 12

Present history of entrepreneurial academia to introduce different ideas which have influenced the definition this term.Discuss the relationship betweenenterprise and entrepreneurship. Introduce my model of enterprise skills and the linked andragogy.Wednesday, 25 January 12

Present history of entrepreneurial academia to introduce different ideas which have influenced the definition this term.Discuss the relationship betweenenterprise and entrepreneurship. Introduce my model of enterprise skills and the linked andragogy.Signpost to resources for deliveringenterprise and entrepreneurialeducation experiences.Wednesday, 25 January 12

What Does Entrepreneurship Mean to You?Wednesday, 25 January 12

J. B. Say: 1767-1832 Say coined the term "entrepreneur" in around 1805 emphasising the vital and creative role of the entrepreneur in the economy.Wednesday, 25 January 12

entreprendre: to start something Wednesday, 25 January 12

entrepreneurs: people who start things! Wednesday, 25 January 12

J. Schumpeter: 1833-1950 Defined the role of the entrepreneur as one of combining various input factors in an innovative manner to generate value.Wednesday, 25 January 12

Themes?Wednesday, 25 January 12

Themes? ResourcesWednesday, 25 January 12

Themes? Resources CreativityWednesday, 25 January 12

Themes? Resources Creativity ValueWednesday, 25 January 12

Themes? Resources Creativity Value InnovationWednesday, 25 January 12

P. Drucker: 1909 - 2005 The behaviour of the entrepreneur reflects a person willing to put their security on the line and take risks in the name of an idea, spending time and/or capital on uncertain ventures.Wednesday, 25 January 12

Israel Kirznir: 1930 Kirzner saw the entrepreneur as an “alert profit-seeker” an individual, motivated by profit opportunities who develops the ability to notice, without search, opportunities that have been overlooked.Wednesday, 25 January 12

Themes?RiskWednesday, 25 January 12

Themes?RiskIdeasWednesday, 25 January 12

Themes?RiskIdeasOpportunitiesWednesday, 25 January 12

Trait Theory 1980’s – 1990’s McLelland, Brockhaus, DavidsonWednesday, 25 January 12

Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of controlWednesday, 25 January 12

Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-takingWednesday, 25 January 12

Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguityWednesday, 25 January 12

Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguity Need for autonomyWednesday, 25 January 12

Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguity Need for autonomy The capacity for enduranceWednesday, 25 January 12

Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguity Need for autonomy The capacity for endurance Need for achievementWednesday, 25 January 12

Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguity Need for autonomy The capacity for endurance Need for achievement Competitive mind…Wednesday, 25 January 12

Behavioural Approach 1990’s onwards Timmons (1994) perception of entrepreneurial mind; He describes entrepreneurial mind, which means the attitudes and behaviours of successful entrepreneursWednesday, 25 January 12

Themes? DriveWednesday, 25 January 12

Themes? Drive AchievementWednesday, 25 January 12

Themes? Drive Achievement ControlWednesday, 25 January 12

Themes? Drive Achievement Control Social ValueWednesday, 25 January 12

Themes? Drive Achievement Control Social Value …Attitudes and BehavioursWednesday, 25 January 12

The Opportunity Era…?Wednesday, 25 January 12

Timmons (1989) It is the knack for sensing an opportunity where others see chaos, contradiction and confusion. (p1)Wednesday, 25 January 12

Timmons (1989) It is the knack for sensing an opportunity where others see chaos, contradiction Bygrave (1989) defines an entrepreneurial and confusion. (p1) process as one which involves: all the functions, activities, and actions associated with the perceiving of opportunities and the creation of organisations to pursue them. (p28)Wednesday, 25 January 12

Timmons (1989) It is the knack for sensing an opportunity where others see chaos, contradiction Bygrave (1989) defines an entrepreneurial and confusion. (p1) process as one which involves: all the functions, activities, and actions associated with the perceiving of opportunities and the creation of organisations to pursue them. Signh (2000) Entrepreneurs find and exploit (p28) opportunities by taking advantage of economic disequilibria by knowing or recognising things that others do not. (p5)Wednesday, 25 January 12

Timmons (1989) It is the knack for sensing an opportunity where others see chaos, contradiction Bygrave (1989) defines an entrepreneurial and confusion. (p1) process as one which involves: all the functions, activities, and actions associated with the perceiving of opportunities and the creation of organisations to pursue them. Signh (2000) Entrepreneurs find and exploit (p28) opportunities by taking advantage of economic disequilibria by knowing or Shane and Venkataraman (2000) …the recognising things that others do not. (p5) nexus of two phenomena: the presence of lucrative opportunities and the presence of enterprising individuals. (p218)Wednesday, 25 January 12

Questions:Wednesday, 25 January 12

Questions:Would you change your original definition?Wednesday, 25 January 12

Questions:Would you change your original definition?Do you now know where some of the elementsin your definition come from?Wednesday, 25 January 12

Entrepreneurship and Enterprise…what’s the link?Wednesday, 25 January 12

Entrepreneurship and Enterprise…what’s the link?Shane and Venkataraman “entrepreneurship isthe presence of lucrative opportunities and thepresence of enterprising individuals”Wednesday, 25 January 12

Entrepreneurship and Enterprise…what’s the link?Shane and Venkataraman “entrepreneurship isthe presence of lucrative opportunities and thepresence of enterprising individuals” Enterprising People share certain skills, attitudes and behaviours.Wednesday, 25 January 12

Entrepreneurship and Enterprise…what’s the link?Shane and Venkataraman “entrepreneurship isthe presence of lucrative opportunities and thepresence of enterprising individuals” Enterprising People share certain skills, attitudes and behaviours.These include many of the themesalready presented!Wednesday, 25 January 12

Entrepreneurship and Enterprise…what’s the link?Shane and Venkataraman “entrepreneurship isthe presence of lucrative opportunities and thepresence of enterprising individuals” Enterprising People share certain skills, attitudes and behaviours.These include many of the themesalready presented! Entrepreneurship is a role of economic agency engaged in by some enterprising people.Wednesday, 25 January 12

What Enterprise Skills are you using / delivering?Wednesday, 25 January 12

Wednesday, 25 January 12

Specialists WebsitesBusiness Link: http://www.businesslink.gov.ukShell LiveWire: http://www.shell-livewire.orgFlyingStart: http://www.flyingstartonline.comTED: http://www.ted.comGames and SimulationsSimVenture: http://www.simventure.co.ukThe Small Business Game: http://www.sport4life.bizXing: http://www.workingknowledge.org.uk/working-with-universities/xingOnline TestsGeneral Enterprising Tendency v2 Test: http://www.get2test.net/test/index.htmMBTI Test: http://www.humanmetrics.com/cgi-win/JTypes2.aspResilience Test: https://www.testyourrq.comEnterprise Catalyst: https://www.enterprisecatalyst.co.ukE-LearningMake it Happen: http://www.iwanttomakeithappen.tvEnterprisingYou: http://www.enterprisingyou.co.ukWednesday, 25 January 12

Everything you never wanted to know about entrepreneurship

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