7. Walt Disney’s definition
“….to do things and
make things which will
give pleasure to people
in new and amazing
ways. ….It is magic!
*From the lecture given by Larry Farrel at SBMA, August 7, 2002
and at UAP, October 30, 2009.
For this course:
10. “It is making the world forever new.
It is taking aggressive actions.”
According to Joseph Schumpeter -*
“It is destroying the old order and creating
new ones.”
According to George Gilder –
from “The Spirit of the Enterprise”*
*From “Business as a Calling” by Michael Novak
11. It is about:
NEW:
Business ideas
Products
Processes
ENTREPRENEURS
HIP
A MINDSET
About a forever
innovating mindset
12. THE THREE MASTERIES FOR
AN ENTREPRENEUR:
Mastery of Self
Mastery of
Opportunity
Mastery of the
Enterprise
20. Self Analysis:
Gifted minds
Steely Guts
Ability to intuit
Courage
Patriotic Hearts
Hands that truly care
Do I possess all of the above?
22. “I have 4 brains:
left cerebral,
left limbic,
right limbic,
Right cerebral.”
23. The HBDI developed by Hermann yielded a
brain dominance profile
Logical
Factual
Critical
Technical
Analytical
Quantitative
Interpersonal
Kinesthetic
Emotional
Spiritual
Sensory
Feeling
24. PREFERRED SUBJECTS
Arithmetic
Algebra
Calculus
Logic
Science
Technology
Finance
Programming
Accounting
Technical
Management
Production
Arts
Geometry
Design
Poetry
Architecture
Marketing
Social Sciences
Psychology
Dance
Drama
High-Skilled Sports
People-Management
A
B C
D
25. PREFERRED PROFESSIONS
Lawyers
Engineers
Computer Systems Analysts
Financial Analysts
Technicians
Physicians
Statisticians A
B C
D
Entrepreneurs
Explorers
Artists
Playwrights
Scientists in R&D
Advertising
Composers
Jazz Musicians
Bureaucrats
Administrators
Bookkeepers
Planners-Programmers
Elementary Teachers
Policemen
Cashiers
Production Supervisors
Maintenance People
Classical Musicians
Guidance Counselors
Public Relations
Nurses
Social Workers
Entertainers
HRD
Salesmen
Priests
30. 1. Social Business Mix
NGO
(non-profit)
NGO
(for-profit)
Social
Enterprise
Social
Business
Business
Enterprise
CSR
Profit
Maximization
Business
(PMB)
Business
Enterprise
31. Social Entrepreneurship
“Any creative and innovative
solution applied to solve social
problems” (Mohammad Yunus,
2007)
It involves social mission
Profit and/or entrepreneurial
processes
33. Social Entrepreneurship
“Search for approaches to move
poor people out of poverty beyond
welfare-based safety nets.”
No more charities
Sustainability
Profits for non profits
35. Social Business
The triple bottom line
PEOPLE
PROFIT
PLANET
BOP – Bottom of the Pyramid
36. BOP – Bottom of Pyramid
A-B 9%
C 20%
D-E 31%
F 40%
Above poverty
threshold
Living on less
than $2 per day
Living on less
than $1 per day
37. Mother
Teresa did
what no other
person has
done before –
to take care of
the poor,
destitute and
lepers
38. Lance Armstrong
7 times Tour de
France champion
His real victory is
with the LAF where
he helps hundreds
of cancer victims
39. Sir Edmund Hillary was
first to conquer Mt. Everest
40. Sir Edmund Hillary came back to
Nepal and helped the Sherpas
improve their living conditions.
41. Mohammad Yunus
Taught Developmental Economics at
the University of Chitagoong in
Bangladesh.
Economics, right at the outskirt of the
University, poverty was everywhere.
He found out that all that was needed
by the poor was a loan of 27 chakas.
That’s how the Grameen Bank started.
42. Why are they
entrepreneurs?
They had little or
no resources at all
but they survived
and achieved what
they wanted in life
44. Business Entrepreneurship
It’s about the study of systems,
structure, and staffing to make a
large corporation stay competitive,
innovative, and profitable on a
sustainable basis.
45. The business cycle according to Larry
Farrel – int’l expert on entrepreneurship
Survival /
Failure
Decline
Growth
Start
ENTREPRENEURIAL MANAGERIAL
46. No longer excellent!...
In 1983, there was the book In
Search of Excellence by Tom
Peters and Waterman. It sold 6
million copies. Then...
Something went wrong...
47. 33% of the “Excellent” Companies
vanished
Too big to fail companies
Where are they now?:
Washington Mutual
Bear Stearns Pacific
Bank Banco
Filipino
49. ENTREPRENEURIAL
COMPANIES
Keeping the Sense of
Mission alive as you grow
Re-instilling
customer/product vision in
every employee
Fostering high-speed
innovation
Making self-inspired behavior
the organization standard
52. Three Competencies of the
Complete Entrepreneur
ORIGINATOR
OPERATOR ORGANIZER
implementor
53. Compelling Reasons
Why We Need
Entrepreneurs
90% of the world’s jobs are created by
entrepreneurs
Source of new products and innovation
In the third-world countries, the entrepreneurs
keep the sagging economies alive
It’s the entrepreneurs – not the central bank –
that keep the economy moving
Finally...
55. Is Entrepreneurship easy?
We choose to go to the moon in this decade
and do all the other things to get there, not
because they are easy but because they are
hard, because that goal will serve to
measure the best of our energies and skills,
because that challenge is one we are willing
to accept and we are unwilling to postpone,
and which we intend to win and others too.
-- JFK, 1962