Lesson 2 Entrepreneurial mind
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The document discusses the entrepreneurial mindset. It describes an entrepreneurial mind frame that remains optimistic during crises by seeing opportunities. An entrepreneurial passion drives them to fulfill their vision. They also have emotional intelligence to nurture relationships. Entrepreneurs intuitively sense things and have courage. Successful new products emerge from the creative, technical and business minds converging. The entrepreneurial mind is creative, suspicious of predictions, comfortable with uncertainty, open to experimentation, and functionally humble.
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Intrapreneur Vs Enterpreneur
Always on top of my head and forcing me to think what I am? What made to originate to compete with each other? Is it worth even to think about or not? Am I an Intrapreneur or an Entrepreneur?
Let me take you a couple of months back when I was in discussion with a couple of young entrepreneurs. I went to a young entrepreneur conference in Silicon Valley of India. While having a sip of coffee one of the entrepreneur told me so you are an "Intrapreneur". I was totally clueless to give an answer to that young person because I heard this word the first time and how can a person categorize himself/herself as an "Intrapreneur" or an "Entrepreneur". Even after months, I am still struggling to put myself into either of this category.
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Eurokid is an entrepreneur
The document discusses entrepreneurship and developing a successful business. It provides an outline for an entrepreneurial project between 2011-2013 involving several European countries. The document covers defining entrepreneurship, characteristics of successful entrepreneurs, developing a business idea and plan, marketing strategies, and establishing an ethical business culture. The goal is to help entrepreneurs develop the necessary skills and solutions for future business opportunities.
Enterprations Weekly Strategy, Number 1 April, 2017
The document discusses seven traits of Nigerian intrapreneurs that were identified based on a study of 20 professionals in Lagos: enthusiastic, supportive, inspiring, audacious, futuristic, coordinating, and making the workplace better. It also discusses what these professionals want from their employers, which includes a favorable innovation climate, technical excellence incentives, motivation, emotional balance, participative decision-making, appreciation, and recognition for their work. Finally, it outlines some of the biggest corporate blocks to innovation, such as silo mentality and risk aversion, and argues that Nigerian companies need to foster internal entrepreneurial programs to compete in a faster, more innovative manner and benefit from intrapreneurship.
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The presentation discusses why most managers are ineffective and what can be done about it. It summarizes key points from Michael Gerber's book "The E-Myth Manager" including that many business owners start businesses based on their technical skills, not as entrepreneurs, and fail to distinguish between managing a business versus working in it. The presentation also notes managers must ensure
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Management manual for a start up entrepreneur - managing teams and leading ne...
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It is a SIMPLE Down-to-Earth Working manual for an entrepreneur-to-be – from foundation to expansion (maturity= business as usual)
For different stages: Things and issues to be tackled, agreements, problem identification, critical capabilities needed in different stages, how to secure those capabilities are available, milestones and way of acting with them…
KEEP the main focus on organisational development and management practices (our course topic)
My own version of BRL (Business Readiness Level –”thermometer”)
Like a good manual – it has a structure and content pages that lead quickly to the right topic area when your customer ”holder of the manual” has a problem in their hands
Emotional intelligence
1. The document discusses emotional intelligence (EI) and who could benefit from enhancing their EI skills. It describes typical emotionally challenging situations faced by various positions like customer service representatives, executives, high potential employees, sales professionals, supervisors/managers, teams, team leaders/project managers, technical professionals, and staff.
2. It explains the five competencies of EI: emotional self-awareness, emotional self-regulation, emotional self-motivation, empathy, and nurturing relationships. Having stronger intra-personal EI skills makes it easier to demonstrate inter-personal skills.
3. Developing EI skills can help people in all these roles better manage stressful emotions, improve decision-making and
Entrepreneurship concepts
This document defines entrepreneurship and describes the key aspects of starting a business. It defines an entrepreneur as someone who organizes a business venture to take advantage of an opportunity. There are different types of entrepreneurs, including idealists, optimizers, hard workers, jugglers, and sustainers. The document also outlines characteristics of successful entrepreneurs like being a hard worker, risk taker, and innovator. It discusses the importance of developing a business model and business plan. A business model shows how a business makes money while a plan provides details on goals, operations, management, and finances.
The connected company
The document discusses how to structure companies so that employees act like owners through creating "businesses within the business". It provides examples of companies that have done this successfully, including:
- Morning Star Foods, where workers manage themselves in peer-to-peer relationships and business units negotiate agreements like small businesses.
- Nordstrom, where salespeople have autonomy to make decisions and operate their own "stores" within the larger company.
- Rational Software, where cross-functional teams operated autonomously as stand-alone pods to serve customers.
- Semco, a Brazilian conglomerate that uses democratic management where workers have autonomy over decisions.
The document argues this "podular" structure
chapter # 2 entrepreneureship
This document summarizes key aspects of creativity and the entrepreneurial mindset from a chapter in a textbook. It discusses creativity, innovation, entrepreneurship, and the creative process. Some key points include:
- Creativity involves developing new ideas, innovation applies creative solutions to problems or opportunities. Entrepreneurship connects creative ideas to business structure.
- The creative process involves preparation, investigation, transformation, incubation, illumination, verification, and implementation.
- Barriers to creativity include searching for one answer, focusing on logic too early, following rules blindly, avoiding ambiguity, and fearing mistakes.
- Tips to enhance individual and organizational creativity include embracing diversity, expecting and rewarding creativity
Module 2 Creative Me
This module, Creative Me, explores the concepts of what is an actual enterprise, entrepreneurial skills and behaviours, the importance of problem- solving skills and the concept of resilience.
Module 2 creative me
This module explores the concept of what an actual enterprise is, it discusses entrepreneurial skills and behaviours and essential skills needed in order to set up a creative enterprise.
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Lesson 2 Entrepreneurial mind
- 1. Lesson 2: Entrepreneurial Mind MODULE 1 INTRODUCTION OF ENTREPRENEURSHIP
- 2. Entrepreneurial Mind Frame Entrepreneurial mind frame allows the entrepreneur to see things in a very positive and optimistic light in the midst of crisis or difficult situations. In fact, in Chinese writing, the word crisis is composed of two characters. The first character means danger while the second character means opportunity.
- 3. Entrepreneurial Mind Frame Passion is the great desire to attain a vision or fulfill a mission. It is about wanting something so much that a person would be willing to totally devote oneself to the quest. “..people with passion can change the world for the better.” -Steve Jobs
- 4. Entrepreneurial Heart Flame The Entrepreneurial heart flame is also about emotional intelligence or EQ, which is often manifested in the entrepreneurs’ efforts to nurture relationships with customers, employees, and suppliers.
- 5. Entrepreneurial Heart Flame The entrepreneur also looks after the interests of his or her people by motivating and encouraging them to be the best that they can be. This creates caring culture within the organization that brings about synergy among the people working toward a common vision.
- 6. Entrepreneurial Gut Game The Entrepreneurial gut game refers to the ability of the entrepreneur to sense without using five senses. This is also known as intuition. The gut game also connotes courage or, in the local dialect, “lakas ng loob” (strong intestinal fortitude).
- 7. New Product Development Successful new products spring from the convergence of: (1)the creative mind; (2)the technical mind; and (3)the business mind.
- 8. The Entrepreneurial Mind The creative mind conceptualizes and designs a product that consumers find some use for. It likewise produces a product that is pleasing to see, touch, smell, hear, and taste.
- 9. The Entrepreneurial Mind The technical mind is the technology originator. The entrepreneur may not necessarily possess the technical mind but this is what drives him or her to convert new knowledge into something highly functional and operational. Wireless Charger
- 10. The Entrepreneurial Mind The business mind harnesses the potentials of new products by creating the market space for them. It also organizes sufficient forces and resources to develop, launch, and commercialize the new product in order to maximize its market value.
- 11. 5 Essential Characteristics of The Entrepreneurial Mind Creativity The seed of entrepreneurship is the ability to see things differently. Whether it's with new products or new processes, entrepreneurs are driven by the uncanny knack to see holes in the marketplace and devise innovations to fill them.
- 12. 5 Essential Characteristics of The Entrepreneurial Mind Suspicion of predictors Entrepreneurs tend not to labor under the assumption that data is the sole predictor of an outcome. Especially in new markets and with new products where data is largely interpretive or extrapolated, entrepreneurs are undaunted by the typical predictors that may put off fainter hearts.
- 13. 5 Essential Characteristics of The Entrepreneurial Mind Comfort with uncertainty Similarly, a distrust of prediction and analysis creates an atmosphere where uncertainty rules. Indeed, uncertainty is the very essence of entrepreneurship.
- 14. Essential Characteristics of The Entrepreneurial Mind Openness to experimentation A comfort with experimentation goes beyond educated trial and error. The ability to experiment with products, processes and outcomes, no matter where the results may lead, is the key element of this quality.
- 15. Essential Characteristics of The Entrepreneurial Mind Functional humility Egos can destroy the very best ideas. Entrepreneurs who are committed to solving a business problem or reinventing a product or service display a functional humility.
Editor's Notes
- https://www.entrepreneur.com/article/248079