Welcome ghf Ayla New 001 (Pp Tminimizer)

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  • This is what our events look like: Most of them take place at Lion Hall, of the Recanati Building, which holds about 180 participants, a pleasant hall. It’s almost all men… both on stage and with the audience. 5% women, not many more. We hold the networking during the 45 min break between the two main sessions. Meetings take place in the afternoon. The language spoken is normally Hebrew, however the slides are almost always in English. Israelis speak with a funny accent that takes a while to get used to. The guy sitting on the right hand site was our keynote speaker on the MIT EF 12 th annual event: Eli Hurwitz, the man who made TEVA what it is – the #1 manufacturer of generic drugs, a $34B company, more than the whole automotive industry. Topics: - about the evolution of our group over time and its position in the entrepreneurial community in Israel. - about the value of a focused resource - me and my team; this is one of the messages that I want to get to chapters. They need to figure out a way to fund a resource that can provide continuity. - what sells in this environment and in general in your market. - how we deal with the competition because in our case it is more intense than in many other places but people do not realize this.
  • Welcome ghf Ayla New 001 (Pp Tminimizer)

    1. 1. Predictably Irrational Improving Decision Making Processes June 2009 MIT Enterprise Forum of Israel in cooperation with the Leon Recanati Graduate School of Business Administration Tel Aviv University     
    2. 2. Nobel Prize in Economics <ul><li>2008 The prize goes to: </li></ul><ul><li>PAUL KRUGMAN for his analysis of trade patterns and location of economic activity. </li></ul><ul><li>2007 The prize was awarded jointly to: </li></ul><ul><li>LEONID HURWICZ , ERIC S. MASKIN & ROGER B. MYERSON for having laid the foundations of mechanism design theory. </li></ul><ul><li>2006 The prize goes to: </li></ul><ul><li>EDMUND S. PHELPS for his analysis of intertemporal tradeoffs in macroeconomic policy. </li></ul><ul><li>2005 The prize was awarded jointly to: </li></ul><ul><li>ROBERT J. AUMANN and THOMAS C. SCHELLING for having enhanced our understanding of conflict and cooperation through game-theory analysis . </li></ul><ul><li>2004 The prize was awarded jointly to: </li></ul><ul><li>FINN E. KYDLAND and EDWARD C. PRESCOTT for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles </li></ul><ul><li>2003 The prize was shared between: </li></ul><ul><li>ROBERT F. ENGLE for methods of analyzing economic time series with time-varying volatility (ARCH) </li></ul><ul><li>and CLIVE W. J. GRANGER , for methods of analyzing economic time series with common trends (cointegration) </li></ul><ul><li>2002 The prize was shared between: </li></ul><ul><li>DANIEL KAHNEMAN for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty </li></ul>IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY
    3. 3. Ig Noble Prizes <ul><li>2008 Economics: Geoffrey Miller, Joshua Tyber, and Brent Jordan, for discovering that exotic dancers earn more when at peak fertility </li></ul><ul><li>2007 Economics: Kuo Cheng Hsieh, for patenting a device to catch bank robbers by ensnaring them in a net </li></ul><ul><li>2005 Economics - Presented to Gauri Nanda of the Massachusetts Institute of Technology , for inventing Clocky , an alarm clock that runs away and hides, repeatedly, thus ensuring that people get out of bed, and thus theoretically adding many productive hours to the workday </li></ul>IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY
    4. 4. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY The MIT Enterprise Forum – A Global Player
    5. 5.       Dov Moran (M-Systems), Dr. Eli Harari (SanDisk), Seth Sternberg (Meebo) Zvi Yemini (ZAG), Orni Petrushka (Chromatis), Avigdor Willenz (Galileo) Moshe Lichtman (Microsoft), Shai Agassi (SAP), Yaron Galai (Quigo) Martin Gerstel (ALZA), Yehuda Bronicki (Ormat), Ken Levy (KLA) Prof. Ed Roberts (MIT-Sloan), Prof. Ed Roberts (MIT-Sloan) Dalia Prashker (New Dimension), Monica Eisinger (Mind CTI) IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY Dr. Jack Goldman (Xerox PARC) Eli Hurwitz (TEVA) Stef Wertheimer (Iscar) Zohar Zisapel (RAD) Dr. Felix Zandman (Vishay) Dr. Dan Maydan (Applied Materials) Dr. Shimon Eckhouse (Syneron) Dr. Ed Mlavsky (Gemini) Yanki Margalit (Aladdin) Dr. Yossi Vardi (ICQ)
    6. 6. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY יום שני , 30 במרץ יום היזם :2009 זורעים את זרעי ההצלחה Day of the Entrepreneur 2009: Seeding for Success Build Sustainable Advantages Create New Revenue Streams Leverage Market Opportunities Learn about Entrepreneurship in the Internet Era   Mingle with Leading Entrepreneurs and Managers    
    7. 7. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY Consulting with the MIT Forum: Sprinting Up the Learning Curve
    8. 8. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY &quot;In Mid 2004 OmniVee participated in a MIT Forum brainstorming session … with a well balanced panel with well-known and respected professionals, including Dr. Shlomo Kalish , Founding Partner of Jerusalem Global Ventures, and Yoav Avtalion , Co-founder of NICE. “ The meeting itself was short and focused . We ended up having our downside very explicitly put, and benefited from a few key suggestions for the best course of action . “ About half a year later, I can state a number of our main strong points today are clearly the result of things said in the MIT Forum meeting. We saw it as a 'step-forward' meeting; however its full impact became apparent only with the passage of time .&quot; Ben Kidron , Founder and CEO, OmniVee (sold to DVTel 12 months after consulting with MIT EF)
    9. 9. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY &quot;ShellCase used the MIT Forum to present and analyze a major strategic business dilemma . The experts panel, which included senior leaders in the semiconductor industry like Ken Levy and Avigdor Willenz, was capable of grasping the complexity of our business nature and recommending a specific direction the company should take. Furthermore, a few comments by the very experienced audience , shed light on important aspects of our operation, and supported the decision making process.&quot; Shlomo Oren , President and CEO, ShellCase
    10. 10. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY “ We primarily sought ‘ exposure ’ for our company and its products. The Forum's mailing list included over 2,000 managers and investors in high technology. Based on the Forum's program flyer distributed in advance of our company presentation, we were approached by firms interested in cooperating with us, and in investing in PhoNet. Relationships with the Forum's panel of experts that reviewed our firm helped us secure an agreement with a well-known distributor in our field.” Yaron Baratz , CEO, PhoNet Communications repeat entrepreneur, Septier, M2M and more
    11. 11. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY “ There is no doubt that without the help of the Forum in our early stages of development, we would have encountered serious problems in a number of areas at a time when the damage might have been irreversible.” Ofer Shoshan , Managing Director, CoreTech Founder and President, Qlusters Founder, Peerhunters, OneHourTranslation
    12. 12. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY “ The Forum put us on the right track in terms of developing a realistic business plan , with proper benchmarks and milestones, thereby improving decision making at MIND. The Forum afforded us the opportunity of developing on-going relationships with experts in fields related to our business. The Forum gave us insight into the intricacies of seeking venture capital , and allowed us to avoid the pitfalls of hindsight by learning ‘on the job’ in the process of negotiations.” Monica Eisinger , Founder & CEO, Mind-CTI (NASDAQ: MNDO) (Mind-CTI went public 4 years after consulting with the MIT EF)
    13. 13. Overview Consulting IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY 1-1 Consulting meetings
    14. 14. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY Entrepreneurs in High Technology Making the Impossible Possible (Ray Stata, Analog Devices)
    15. 15. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY SUCCESS OF TECHNOLOGY-BASED FIRMS - Ed Roberts, MIT (5-7 years post-founding)
    16. 16. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY SUCCESS OF TECHNOLOGY-BASED FIRMS (5-7 years post-founding)
    17. 17. <ul><li>Predictably Irrational – Improving Decision Making Processes </li></ul><ul><li>Dan Ariely, Professor of Behavioral Economics, Duke, MIT </li></ul><ul><li>Yossi Matias , Managing Director, Google Israel R&D Center </li></ul><ul><li>Elah Alkalay, Vice President of Business Development, IBI Brokerage & Investments </li></ul><ul><li>Ron Shachar , Professor of Marketing and Economics , Recanati, Tel Aviv University </li></ul><ul><li>Dov Moran , Founder, CEO & Chairman, MODU </li></ul><ul><li>Izhar Shay , General Partner, Canaan Partners </li></ul>IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY
    18. 18. <ul><li>Predictably Irrational – Improving Decision Making Processes </li></ul><ul><li>Everyday Irrational Behavior: From Small Mistakes to Market Failures </li></ul><ul><li>Even Israelis Can be Predictable - Examples from the Local Market </li></ul><ul><li>Identity Marketing </li></ul><ul><li>On the Predictability of Search Trends </li></ul><ul><li>Birth of a Cellular Phone – What Couldn’t Go Wrong and Did? </li></ul>IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY
    19. 19. IN COOPERATION WITH THE LEON RECANATI GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, TEL AVIV UNIVERSITY

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