MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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The slide Bill Aulet used to give the Keynote Speech at the MIT Enterprise Forum Pan Arab Startup Competition Final Award Ceremoy held at the American University of Cairo on May 22, 2014. It was a meant to inform, inspire and motivate young entrepreneurs to think more ambitiously about how and why to scale their companies - and the imperative to do so. It was also the announcement of an Arabic version of the Disciplined Entrepreneurship expected in December of 2014.

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MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

  1. 1. 1 Bill Aulet Managing Director, Martin Trust Center for MIT Entrepreneurship FINAL AWARD CEREMONY
  2. 2. 2 Being an entrepreneur is the new “cool” thing. But why? Is this sustainable?
  3. 3. 3 BOJ S
  4. 4. 4 But is there sufficient understanding of the topic? Hmmm….
  5. 5. DISCIPLINED ENTREPRENEURSHIP Definition of Entrepreneurship – 2 Types Entrepreneurship SME (Small Medium Enterprise) Regional Markets Restaurants Dry Cleaners Services IDE (Innovation-Driven Entrepreneurship) Global Markets Products for Export Sustainable Competitive Advantage at Core • Δt is short • Linear growth • Less investment required • Δt is long • Exponential growth • A lot of investment required
  6. 6. Other Questions for Entrepreneurship Education 1. Can 2. Why 3. How 6
  7. 7. 7 Crisis in entrepreneurial education Demand Supply of quality Time Storytelling
  8. 8. Importance of Spirit 8
  9. 9. 9 Spirit + Skills Successful Entrepreneurship
  10. 10. But What is Happening Crisis in Entrepreneurship Education “Education by Storytelling” Gets the Spirit but Not the Skills Makes it Sound Easy It is Not! Requires Discipline 10
  11. 11. 11
  12. 12. 12
  13. 13. 13
  14. 14. 14
  15. 15. 15
  16. 16. 16
  17. 17. 17
  18. 18. Benefits of Approach Comprehensive yet Practical Integrated Proven & Tested – To Stand the Test of Time Sequential/Prescriptive Creates Common Language for Knowledge Transfer and Accumulation 18
  19. 19. 19 “I'm actually as proud of the things we haven't done as the things I have done.” —Steve Jobs
  20. 20. Examples of Disciplined Entrepreneurship 20
  21. 21. More info The book www.disciplinedentrepreneurship.com Progress Dashboard www.detoolbox.com 21
  22. 22. Online course www.bit.ly/e-101 22
  23. 23. 1 Week Intensive Course at MIT By application welcomes you to apply Last week of January at MIT
  24. 24. 24 Spirit Skills+ Successful Entrepreneurship =
  25. 25. 25

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