Google hangout 10may2013-insideiim

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  • 1. http://www.myra.ac.in/www.myra.ac.in/Innovation &Entrepreneurshipin the Global EconomyDrs. William Verdini & Shalini UrsMYRA School of Business
  • 2. http://www.myra.ac.in/www.myra.ac.in/So YOU want to be anEntrepreneur!
  • 3. http://www.myra.ac.in/www.myra.ac.in/Who wants to be an entrepreneur?Kaun Banega Croropati (KBC)Three Life Lines:I. Call a friend – family, friends, foolsprovide financing• 1250 SBA guaranteed loans from the top25 lenders• 100 investments by venture capital firms• 500,000 small businesses in AZ
  • 4. http://www.myra.ac.in/www.myra.ac.in/Getting loans from Banks isNOT EASY
  • 5. http://www.myra.ac.in/www.myra.ac.in/MSME serviced by Banks in IndiaNo. of MSMEs in India – 2.6 croresNo. of MSMEs serviced by PSUs -102,550No. of MSMEs serviced by foreign banks - 1637just 0.4 %
  • 6. http://www.myra.ac.in/www.myra.ac.in/Who wants to be an entrepreneur?Kaun Banega Croropati (KBC)Three Life Lines:I. Call a friendII. Poll the audience – in business forcustomers. Research the market.
  • 7. http://www.myra.ac.in/www.myra.ac.in/Who wants to be an entrepreneur?Kaun Banega Croropati (KBC)Three Life Lines:I. Poll the audienceII. Call a friendIII. Fifty-fifty – still even chance ofsuccess
  • 8. http://www.myra.ac.in/www.myra.ac.in/Creative/EntrepreneurialIndividuals• see something different in same informationeveryone else sees – find similarities amongdifferences and differences among similarities• do the unexpected sometimes, but not always• are NOT born that way.James L. Adams in his book Conceptual Blockbusting says “… for most of us, creativity ismore of a dull glow than a divine spark. And the more fanning it receives, the brighterit will burn.”
  • 9. http://www.myra.ac.in/www.myra.ac.in/No typical entrepreneur!• Come in all shapes, sizes, educationallevels• Dhirubhai Ambani founder of Reliance IndustriesLimited (RIL)• ‘Rajah of Retail’ Kishore Biyani• Jay Thiessens runs a $5 million company andcan’t read. [The Arizona Republic, 6/9/99, p. E2.]• We are all entrepreneurs – risk takers• Who drove/rode here today?• Who has purchased a lottery ticket?
  • 10. http://www.myra.ac.in/www.myra.ac.in/SPIRITbrought on by a non-business goal• Personal Challenge – opening the jar of pickle• Desire for Change• Application of Knowledge• Independence Impulse – fear andresponsibility• Doing the Dream• Optimist – sees glass half full
  • 11. http://www.myra.ac.in/www.myra.ac.in/Five Routes to Success• Achieving• Selling• Managing• Idea generating• FinancingAdapted fromThe 4 routes to Entrepreneurial Success, John B. MinerPersonal Achievers, Supersalespeople, Real Managers, Expert Idea Generator
  • 12. http://www.myra.ac.in/www.myra.ac.in/I. VISION - Alices Adventures inWonderland, Lewis CarrollII. PLANNING - Just-So Stories,Rudyard KiplingIII. PERSISTENCE - The Men ThatDont Fit In, Robert W. ServiceA Poetic Approach toEntrepreneurship
  • 13. http://www.myra.ac.in/www.myra.ac.in/I. VISION - Alices Adventures inWonderland, Lewis CarrollII. PLANNING - Just-So Stories,Rudyard KiplingIII. PERSISTENCE - The Men ThatDont Fit In, Robert W. ServiceA Poetic Approach toEntrepreneurship
  • 14. http://www.myra.ac.in/www.myra.ac.in/Where do we want to be?“Would you tell me, please, which wayI ought to go from here?”“That depends a good deal on whereyou want to get to,” said the Cat.“I dont much care where,” said Alice.“Then it doesnt matter which way yougo,” said the Cat.From Chapter VI Pig and Pepper, AlicesAdventures in Wonderland, Lewis Carroll
  • 15. http://www.myra.ac.in/www.myra.ac.in/I. VISION - Alices Adventures inWonderland, Lewis CarrollII. PLANNING - Just-So Stories,Rudyard KiplingIII. PERSISTENCE - The Men ThatDont Fit In, Robert W. ServiceA Poetic Approach toEntrepreneurship
  • 16. http://www.myra.ac.in/www.myra.ac.in/The Plan AnswersALL of the QuestionsI keep six honest serving-men(They taught me all I knew);Their names are What andWhy and WhenAnd How and Where and Who.From Just-So Stories, Rudyard Kipling
  • 17. http://www.myra.ac.in/www.myra.ac.in/I. VISION - Alices Adventures inWonderland, Lewis CarrollII. PLANNING - Just-So Stories,Rudyard KiplingIII. PERSISTENCE - The Men ThatDont Fit In, Robert W. ServiceA Poetic Approach toEntrepreneurship
  • 18. http://www.myra.ac.in/www.myra.ac.in/III. PersistenceIts the steady,quiet, ploddingonesWho win in thelifelong race.The Men That Dont Fit InRobert W. Service
  • 19. http://www.myra.ac.in/www.myra.ac.in/III. PersistenceCalvin CoolidgeNothing in the world can take the place ofpersistence.Talent will not; nothing is more common thanunsuccessful men with talent.Genius will not; unrewarded genius is almost aproverb.Education will not; the world is full of educatedderelicts.Persistence and determination alone are omnipotent.
  • 20. http://www.myra.ac.in/www.myra.ac.in/How is MYRA responding?• What modes of learning work?• How do we change?• What are the impediments to change?• How can we facilitate student transition to theworkplace — where lecture is not the norm?• How can we promote life-long learning? What islife-long learning?• How can we build sustainable businesses sensitiveto the Triple Bottom Line?• How do we benefit India and the world?
  • 21. http://www.myra.ac.in/www.myra.ac.in/Ref. ASU College of Technology and Innovation• CREATE …• SOLVE …• MAKE …something to our world.At MYRA, today I will
  • 22. http://www.myra.ac.in/www.myra.ac.in/Global FacultyCutting EdgeCurriculumPartnershipsWorld classinfrastructureMYRA offeringsPGDM* & PGPX*AICTE Approved
  • 23. http://www.myra.ac.in/www.myra.ac.in/MYRA Campus1 3ImagineA campus designed to fosterinnovation and inspirationLearnAccess to state of the artknowledge resources and tech.2 4CollaborateAn environment that fostersnetworking with peers & partnersQuestionThe unorthodox design forcesthe mind to question status quo
  • 24. http://www.myra.ac.in/www.myra.ac.in/Visit MYRA at http://www.myra.ac.in