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21st century finnish economy 090611
 

21st century finnish economy 090611

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    21st century finnish economy 090611 21st century finnish economy 090611 Presentation Transcript

    • Building A 21st Century Economy in Finland
      Aalto University is Leading the Way
    • Why Start New Companies in Finland?
    • Because Old Ones Die
    • Corporate Lifecyclesare Getting Shorter
    • Disruption
      Technology, Globalization, Regulation, Consumer Taste
    • Disruption
      Technology, Globalization, Regulation, Consumer Taste, Competition, etc.
    • Job Growth Will Come From New Companies
    • Job Growth Will Come From New Companies
      Startups
    • Aalto is Leading the Way
      Center for Entrepreneurship, Startup Sauna, Venture Garage, Entrepreneurship Society
    • Alto is Leading the Way
      Center for Entrepreneurship, Startup Sauna, Venture Garage, Aalto Entrepreneurship Society
    • First -What’s A Startup?
      Six Types of Startups
    • Startup
      Lifestyle Startups Work to Live their Passion
      • Serve known customer with known product
      • Get paid for their passion
    • Small Business
      Startup
      Small Business StartupsWork to Feed the Family
      • Serve known customer with known product
      • Feed the family
    • Small Business
      Startup
      Exit Criteria
      • Business Model found
      - Profitable business
      • Existing team
      < €100K in revenue
      Small Business StartupsWork to Feed the Family
      • known customer known product
      • Feed the family
    • Scalable
      Startup
      Large Company
      Scalable StartupBorn to Be Big
      Search
      Goal is to solve for:
      unknown customer and unknown features
    • Execute
      Search
      Scalable
      Startup
      Large Company
      Exit Criteria
      • Business model found
      • Total Available Market > €300m
      • Can grow to €50/year
      Scalable StartupBorn to Be Big
    • Scalable
      Startup
      Large Company
      • Total Available Market > $500m
      • Company can grow to $100m/year
      • Business model found
      • Focused on execution and process
      • Typically requires “risk capital”
      Scalable StartupBorn to Be Big
      Execute
      Search
      • In contrast a scalable startup is designed to grow big
      • Typically needs risk capital
      • What Silicon Valley means when they say “Startup”
    • Buyable StartupBorn to Be Sold
      Search
      Sell
      Scalable
      Startup
      €3 to 30M Acquisition
      Goal is to solve for:
      Internet, Mobile, Gaming Apps
    • Buyable Startup
      Search
      Sell
      Scalable
      Startup
      €3 to e0M Acquisition
      Goal is to solve for:
      Internet and Mobile Apps
      Sell to larger company
    • Large Company Sustaining InnovationInnovate or Evaporate
      Sustaining Innovation
      Transition
      Scalable
      Startup
      Large Company
      • Existing Market / Known customer
      • Known product feature needs
    • Large Company Disruptive Innovation
      New Division
      Transition
      Large Company
      Disruptive Innovation
      • New Market
      • New tech, customers, channels
    • Large Company Disruptive Innovation
      New Division
      Transition
      Large Company
      Disruptive Innovation
      • Build
      • Partner
      • Acquire
      - IP- Talent
      - Product
      - Customers
      - Business
    • Large Non-Profit
      Social Startup
      Social Entrepreneurship Startups
      • Solve pressing social problems
      • Social Enterprise: Profitable
      • Social Innovation: New Strategies
    • Each of these startups require different skills
      They Can Not Be Taught the Same Way
    • Entrepreneurship as a Management Science
      E-School instead of B-School
    • Business as a Management Science
      • 1601 East India Company
      • 300 years of companies without MBA credentials
      • 1908 Harvard first MBA
    • Business School Topics
      Business School
      Scalable
      Startup
      Transition
      Large Company
      • Execution
      • Strategy
      • Accounting
      • Products
      • Engineering
      • Management
      • Administration
    • Business School Courses
      Business School
      Scalable
      Startup
      Transition
      Large Company
      Courses
      • Managerial Finance/Accounting
      • Managing Groups and Teams
      • Financial Accounting
      • Operations
      • Modeling for Optimization
      • Global Value Chain Strategies
    • Business School Results?
      • U.S. corporations went from local to national then international
      • Cadre of experienced managers to match
      • Experts on finance and growth (Dupont/GM)
      B-Schools made the 20th Century the American business century
    • Business School Versus Entrepreneurship School
      Entrepreneurship School
      Business School
      Scalable
      Startup
      Transition
      Large Company
      • Hypothesis testing
      • Business Model design
      • Customer Development
      • Agile Development
      • Metrics
      • Venture Finance
      • Design Thinking
      • Execution
      • Accounting
      • Products
      • Engineering
      • Management
      • Administrative
    • Business School Versus Entrepreneurship Courses
      Business School
      Entrepreneurship School
      Scalable
      Startup
      Transition
      Large Company
      Courses
      • Lean Launchpad
      • Customer/Agile Development
      • Business Model Design
      • Entrepreneurial Management
      • Creativity and Innovation
      • Entrepreneurial Finance
      • User-centric design
      Courses
      • Managerial Finance/Accounting
      • Managing Groups and Teams
      • Financial Accounting
      • Operations
      • Modeling for Optimization
      • Global Value Chain Strategies
    • Aalto Will Educate the 21st Century
      • Partnership with Stanford University
      • Center for Entrepreneurship
      • Startup Sauna
      • Venture Garage
      • Aalto Entrepreneurship Society
    • Thanks
      www.steveblank.com