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Introduction to Entrepreneurship v.3
This document provides an introduction to entrepreneurship as an elective subject at Ateneo GSB. It discusses common understandings and definitions of entrepreneurs, highlighting their creative and disruptive nature. Entrepreneurship involves both "magic" soft skills and "logic" hard skills. Successful entrepreneurs possess traits like determination, focus, flexibility and a willingness to take risks. The document also examines the anatomy of entrepreneurs, outlining qualities like wisdom, guts, heart and hands. Entrepreneurship benefits economies through job creation, wealth generation and tax revenues. While challenging, entrepreneurship can create millionaires and billionaires for those willing to put in the hard work.
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Introduction to Entrepreneurship v.3
- 1. Introduction to Entrepreneurship ElectiveSubject at Ateneo GSB
- 2. Introduction to Entrepreneurship Lecture v.3 Electivesubject at Ateneo GSB
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- 4. •The boss •The businessowner •The smart guy •The business founder
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- 7. “Making the world forevernew” – George Gilder
- 9. “Creative destruction” by JosephSchumpeter
- 10. Joseph Schumpeter’s book, Capitalism,Socialism, and Democracy, proposes that America be transformed through a process of "creative destruction."
- 11. • Walt Disney’sdefinition “….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.
- 12. It is “MAGIC”– Walt Disney
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- 14. Entrepreneurship involves: • MAGIC– soft issues • LOGIC – hard issues
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- 16. “Creating something from practicallynothing” “Doing something instead of just talking”
- 18. “Creating new products andservices with resources that one has no control of” - HBS
- 19. “Creating new products andservice” – Dr. Ed Morato
- 21. “Being bold and audacious”– (walang hiya) - Atty Christian Gerona – CEO Manship “maabilidad, maparaan”
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- 24. Interesting Topics: • Creativity •Innovation • Invention • Imitation • Entrepreneurship
- 25. The driving forcebehind international finance – capitalist entrepreneurship –”World is curved”
- 26. Hedge funds, mergersand acquisitions are the driving force behind new businesses, efficiency, processes, innovation
- 27. The US Dollaris still the trading and currency of choice. and capital destination because of perception of US as a entrepreneurship/innovation haven
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- 32. The rise of: CSV– Michael Porter Social business - Mohammad Yunus
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- 36. “Every generation needs arevolution” – Thomas Jefferson
- 38. How to achieve entrepreneurship?- Larry Farrell
- 40. 1. High speedof innovation 2. Self inspired behaviour 3. Mission – customer 4. Vision – product market
- 41. It is nolonger the skill/innovation DNA that counts in business success –speed does!
- 42. It is aboutnew ideas and products
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- 45. Not just aboutnew ideas; it is about new values
- 46. From Say: resourcesfrom areas of low value to area of higher value
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- 51. Value of entrepreneursto economy and society
- 52. 1. Creation ofnew products and services
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- 54. 3. Fights povertyvia job creation
- 56. 4. Foot thebill of the government; pay the taxes
- 58. Entrepreneurship – a mindset,an attitude
- 59. From that ofdependency and patronage/bondage
- 60. To that ofdignity and independence
- 61. Are we trulyfree?
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- 65. Failing marks are birthmarksof entrepreneurs - Ds and Fs
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- 67. • Dream • Determined •Details • Dollar (Peso, in our case) • Decision • Doer • Distribute • Destiny • Devotion • Dedication D’s
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- 69. • Founder • Faith •Focused • Frugal • Fast • Fun • Flexible • Flat • Forever Improving F’s
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- 71. Anatomy of theEntrepreneur The Entrepreneurial Mind Frame The Entrepreneurial Mind Frame The Entrepreneurial Gut Game The Entrepreneurial Gut Game The Entrepreneurial Heart Flame The Entrepreneurial Heart Flame
- 72. Anatomy of theEntrepreneur WISDOM HEART GUTS What lies behind us, what lies before us, is nothing compared to what lies within us. HANDS
- 73. Self Analysis: • Giftedminds • Steely Guts – Ability to intuit – Courage • Patriotic Hearts • Hands that truly care Do I possess all of the above?
- 74. 4 brains thinking A– logical B – doing C – emotional D – intuitive
- 75. The HBDI developedby Hermann yielded a brain dominance profile Logical Factual Critical Technical Analytical Quantitative Interpersonal Kinesthetic Emotional Spiritual Sensory Feeling
- 76. 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
- 77. PREFERRED PROFESSIONS Lawyers Engineers Computer Systems Analysts Financial Analysts Technicians Physicians Statisticians Bureaucrats Administrators Bookkeepers Entrepreneurs Explorers Artists Playwrights Scientists in R&D Advertising Guidance Counselors Public Relations Nurses Social Workers Entertainers HRD A B C D Composers Jazz Musicians Planners-Programmers Elementary Teachers Policemen Cashiers Production Supervisors Maintenance People Classical Musicians Salesmen Priests
- 78. Peter Senge –Fifth discipline
- 80. 3 disciplines thatneed to be developed in entrepreneurs
- 81. 1. Personal mastery 2.Mental models (attitudes) 3. Systemic thinking
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- 85. Personal mastery byDr. Ed Morato 1. Learning to think 2. Learning to do 3. Learning to feel 4. Learning to intuit 5. Learning to lead 6. Learning to communicate 7. Learning to be
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- 88. It is rigorous,demanding, and a discipline!
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- 90. JFK message ongetting man on the moon “We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win, and the others, too.”
- 91. Rewards and failuresare in entrepreneurship
- 92. Only in entrepreneurship can youbecome a millionaire/billionaire!
- 93. Do you wantto be a billionaire?
- 94. I want tobe a billionaire! (Please put the target date and sign your name) _________________________ (Your Name)
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- 96. By: Prof. Jorge U.Saguinsin
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