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Entrepreneurship:Different Perspectives    by Can Ertugrul
Anytime
YOU ?
Beware of Platonification
2Art not Science
Entrepreneurship is the act of being an entrepreneur,which can be defined as "one who undertakesinnovations, finance and b...
Innovation = something new     New things….. fail often
„Falor, ergo sum“I err*, therefore I am       (*to be wrong)                        - St. Augustine
A simplified Illustration        Fail early                             40%  Fail in few years                         40%...
NEVER(-TRIED-)LAND                      Population unknown                        maybe 10,000%    Fail early             ...
Paradox of Entrepreneurship
Is it actually gambling…
…because most fail, yet many try?
NO: different focus & motivation
?
anything in common? (except „luck“)
Managerial (Causal)                              Entrepreneurial (Effectual)Strategic (Creative Causal)                   ...
Short: YES!(Long: It depends)
Here & NowPAST          PRESENT    FUTURE       Different temporal focus
Here & NowPAST     PRESENT    FUTURE
PRESENT           F. O. C. U. S.   FUTUREExcecution                          Vision     Flexibility
EVERYTHING,that you do takesmuch longer than    you think
Small                           Startup    Business• Known customer      • UNknown customer(s)• Known product       • UNkn...
Small                   Startup   Business• Planning    • Discovering• Executing   • Validating
idea   pre-seed   seed   early stage   growth   Exit
idea   pre-seed   seed   early stage   growth   Exit
Stay aliveManage changeLearn & Grow
capture it all at once doesn‘t work
step by step… („path“ historicaly not correct)
Divide et impera …. Half correct       Capture & Governance** Capture, governance, and resilience: strategy implications f...
Same thing, different perspectives
NO single formula for success
BUT 1 definitive facilitator for        getting started
Q&A
Twitter: stARTistsCANdoSlideshare: Can Ertugrul
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
Perspectives on Entrepreneurship Startup Live Belgrade
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Perspectives on Entrepreneurship Startup Live Belgrade

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A presentation on different perspectives on Entrepreneurship and Startup-ups held in April 2012 @ Startup Live Belgrade

Published in: Business, Economy & Finance
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Transcript of "Perspectives on Entrepreneurship Startup Live Belgrade"

  1. 1. Entrepreneurship:Different Perspectives by Can Ertugrul
  2. 2. Anytime
  3. 3. YOU ?
  4. 4. Beware of Platonification
  5. 5. 2Art not Science
  6. 6. Entrepreneurship is the act of being an entrepreneur,which can be defined as "one who undertakesinnovations, finance and business acumen in an effortto transform innovations into economic goods".
  7. 7. Innovation = something new New things….. fail often
  8. 8. „Falor, ergo sum“I err*, therefore I am (*to be wrong) - St. Augustine
  9. 9. A simplified Illustration Fail early 40% Fail in few years 40% Success 17,7% BIG Success 0,3%
  10. 10. NEVER(-TRIED-)LAND Population unknown maybe 10,000% Fail early 40%Fail in few years 40% Success 17,7% BIG Success 0,3%
  11. 11. Paradox of Entrepreneurship
  12. 12. Is it actually gambling…
  13. 13. …because most fail, yet many try?
  14. 14. NO: different focus & motivation
  15. 15. ?
  16. 16. anything in common? (except „luck“)
  17. 17. Managerial (Causal) Entrepreneurial (Effectual)Strategic (Creative Causal) What makes entrepreneurs entrepreneurial? (2001) Saras D. Sarasvathy - University of Washington
  18. 18. Short: YES!(Long: It depends)
  19. 19. Here & NowPAST PRESENT FUTURE Different temporal focus
  20. 20. Here & NowPAST PRESENT FUTURE
  21. 21. PRESENT F. O. C. U. S. FUTUREExcecution Vision Flexibility
  22. 22. EVERYTHING,that you do takesmuch longer than you think
  23. 23. Small Startup Business• Known customer • UNknown customer(s)• Known product • UNknown features “Feed the family”  Find a scalable business
  24. 24. Small Startup Business• Planning • Discovering• Executing • Validating
  25. 25. idea pre-seed seed early stage growth Exit
  26. 26. idea pre-seed seed early stage growth Exit
  27. 27. Stay aliveManage changeLearn & Grow
  28. 28. capture it all at once doesn‘t work
  29. 29. step by step… („path“ historicaly not correct)
  30. 30. Divide et impera …. Half correct Capture & Governance** Capture, governance, and resilience: strategy implications from the history of Rome Abraham Carmeli Gideon D. Markma
  31. 31. Same thing, different perspectives
  32. 32. NO single formula for success
  33. 33. BUT 1 definitive facilitator for getting started
  34. 34. Q&A
  35. 35. Twitter: stARTistsCANdoSlideshare: Can Ertugrul
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