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Entrepreneurship indonesia

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Presentasi mengenai definisi, fungsi dan guna entrepreneurship di Indonesia oleh Rama Manusama. …

Presentasi mengenai definisi, fungsi dan guna entrepreneurship di Indonesia oleh Rama Manusama.

ISG IV

Published in: Business, Education

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  • 1. Entrepreneurship in the Context of Indonesian National Development Rama Manusama
  • 2.  
  • 3.  
  • 4.  
  • 5.  
  • 6. Entrepreneurship ???
    • No consensus on definition
    • Persons who are ingenious and creative in finding ways that add to their own interest (Veblen, 1904)
      • Own interest could be wealth, power, prestige, or mental satisfaction
    • Persons who take risks in the name of an idea , spending much time as well as capital on an uncertain venture (Knight, 1921; Drucker, 1970)
    • In this session, let’s narrow down the definition of entrepreneurs to business entrepreneurs only
  • 7.
    • A (very) simplified model
    Natural Resources Entrepreneur Value-added goods Human Resources Capital Entrepreneurs mix resources and use them to create value
  • 8. Importance of Entrepreneurship in the Indonesian context
  • 9. Indonesians always complain about this
    • High unemployment
      • 9 million documented
      • 2 million have university education
    • Low wages
      • Average National Minimum Wage Rp. 414,500
      • Average Starter Wage in Jakarta, with University Education ~ Rp. 3mln p/m
      • Low wages are necessary to keep unemployment under control
  • 10. Adding value = job creation
    • Too many people competing for too few available jobs!!
    • Indonesia has abundant natural and human resources, but lacks entrepreneurs and access to capital
    • In 2008, entrepreneurs only accounts for 0.18% of total population (Source: Ministry of Small Business and Cooperatives)
    • The United Nations recommends at least 2%
    • More entrepreneurs are desperately needed to create jobs
    • Are we lacking entrepreneurs??
    Natural Resources Human Resources Entrepreneurs Value added goods
  • 11. Another look into entrepreneurship
    • However, when incorporating the informal sector, it is documented that in 2006, 16.3% of Indonesian people in productive age
    • At a glance, there are ~16.2% gap between “informal” entrepreneurs and formal ones
    • This would imply two things:
      • Entrepreneurial spirit already exists somehow
      • But most of them lack the ability to innovate and add significant value
    • What is missing??? What do you think??
  • 12. The missing entrepreneurial mindset: value creation
    • Ciputra:
    • I soon realized what was missing from our education system. We don't teach entrepreneurship.
    • In more than fifty years in business, I learned not only how to emerge from poverty, but also how to generate wealth and create prosperity. 
    “ I call entrepreneurship the ability to turn dirt and scrap into gold.” Do you remember what they taught us at school??
  • 13. In other words, entrepreneurs have to aspire to make impact
    • Entrepreneurship must include opportunity creation, innovation , and calculated risk taking (Ciputra)
    • In this context, value creation comes from innovation
    • Informal entrepreneurs already have the foundation, but it is driven by necessity not opportunity
    Natural Resources Human Resources Entrepreneurs Value added products Capital + =
    • What is innovation?
  • 14.  
  • 15.  
  • 16. Innovation
    • Change in the thought process for doing something or "new stuff that is made useful“ – a contrast to invention
    • (McKeown, 2008)
    • Types of innovation according to Schumpeter
    • New product / new quality of product
    • New method of production / better method of production
    • Opening of new market
    • Conquest of new supply of raw materials
    • The carrying out of new organization
  • 17. Stages of development according to Global Entrepreneur Monitor
    • Stage 1 - Factor-driven economies
    • Stage 2 - Efficiency-driven economies
    • Stage 3 - Innovation-driven economies
    • Do we have to wait until stage 3 to start innovating intensively?
  • 18. Simple, cheap product, high value Affordable and valuable for these people
  • 19. How about this?
  • 20. Innovation to prevent ecological degradation
  • 21.
    • As long as the world remains imperfect, there is always room for innovation
  • 22. The Innovative Entrepreneur has to be Passionate and Strongly Motivated
    • There is something more in entrepreneurship, which is to make meaning (Guy Kawasaki)
      • Although sounded romantic, companies set out to make meaning tend to be more successful
    • Steve Jobs – motivated to increase the quality of life of the users
    • Bill Gates – motivated to take the computer to every single household
    • Profit is the reward for a successful value creation
    • By believing in something strong, the entrepreneur is more likely to withstand difficult obstacles
  • 23. Most probably, these guys only care about making money
  • 24. You don’t have to be Bill Gates
    • “ Celebrity Entrepreneurs” only account for minority of all entrepreneurs
    • There are many unknown “everyday entrepreneurs” who successfully make a difference
    • 12% of the American working force are entrepreneurs, 9% claim to be driven by opportunity not necessity (Kaufmann Foundation, 2003)
    • We never heard of them, but they seize new opportunities
  • 25. Innovative Entrepreneurship is on the rise in Indonesia
  • 26. Conclusion
    • Entrepreneurship is about creating value by implementing ideas and taking risk
    • Innovation is a key factor in value creation
    • Indonesia needs more entrepreneurs
    • Start planning your venture !!