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This document provides an introduction to Bora Özkent, the instructor for the New Venture Development course, and an overview of the course plan. Bora Özkent has experience as an auditor, consultant, and entrepreneur in Turkey. The course will focus on innovative entrepreneurship and developing new business models using the Lean Startup methodology. Students will work in teams to design an innovative business model, test solutions with customers, and develop a business plan to present at the end of the course. The goal is for students to gain entrepreneurial skills and capabilities, even if they may not start a business immediately.
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- 2. COURSE INTRODUCTION Instructor andTraining New Venture Development, Bora Özkent 2014 2
- 3. Bora Özkent • 1968Ankara • Education – 1991 METU, Management – 1997 KU, Executive MBA • Professional – Arthur Andersen Audit: 1991-1992 – Arthur Andersen Business Consulting: 1992-1998 – ATK Tekstil-Director of Strategic Planning: 1998-2000 – BTK Tekstil-Owner: 2000-2002 – Long Vacation: 2002-2003 – Fed Training-CEO, Partner and Chief Trainer: 2003-2008 – Özkent & Taysever-Owner: 2008-Today 3
- 4. Bora Özkent • Özkent& Taysever (www.ozkentvetaysever.com) – Innovation – Customer Experience Management - Partnership with Strativity – Entrepreneurship – Partnership with Startup Company – General Management Training Programs • I am an Active Blogger – www.boraozkent.com (Innovation, customer experience, management and whatever I like) – www.girisimcilerokulu.com (Entrepreneurship) • In Social Media – Twitter: boraozkent and girisimciokulu – Facebook: ozkentvetaysever and girisimcilerokulu – Linkedin: bora özkent – about.me/boraozkent 4
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- 8. WEB: girisimcilerokulu.com FACEBOOK: facebook.com/girisimcilerokulu TWITTER:twitter@girisimciokulu boraozkent.com
- 9. “I Entrepreneur” • College –Trading Levis Jeans from black market to the campus – Free-lance tourist guiding – not totally legal! • Intrapreneurship – Arthur Andersen Business Consulting: • Participated in building Turkey’s largest consulting company • Established the retail consulting practice from scratch – ATK Tekstil: • Assisted to a financially distressed company during the turnaround • Participated in establishing GAAT International, a totally fresh idea in B2B – Fed Training: • Co-Established the innovation practice with Professor Arman Kırım • Turned around the firm from 500 K to 3 M (Dollars) 9
- 10. “I Entrepreneur” • FirstReal Entrepreneurial Attempt – Innovative retail idea – Total execution disaster – Went bankrupt • Özkent & Taysever – 1 M US Dollars average revenue – Profitable, traditional business model with extremely low cost structure – Life style entrepreneurship – care more for vacations – No growth intention • New Venture Ideas for 2015-2016 – Turning blogging into a business 10
- 11. Who Wants tobe an Entrepreneur • Entrepreneurial experience? • Entrepreneurial intention? • Biggest expectancy from the course? (If any) 11
- 12. Course Plan • Confession:I am still a rookie college instructor (Fifth run) • This a rookie’s plan, so yes it may change • But something are for sure – Our text book – and we will use it a lot (Running Lean / Ash Maurya) – You are going to design an innovative business model and prepare a business plan – You are going to do a lot of field work and go to the streets – And the quality of the final business plan is the single most important determinant of your course grade 12
- 13. Course Plan • Myaim is to make you entrepreneurs (or intrapreneurs) • We will focus on innovative entrepreneurship ideas - startups • I will try to provide with simple tools, methodologies (what really works) • The base methodology we will follow is Lean Startup • I have special interest in: – Creativity and Innovation – Lean Startup Methodology • I highly appreciate in class participation and thorough preparation • I also appreciate following my blogs/social media accounts and of course reading my books 13
- 14. Course Plan 1-2-3 Lessons… 3-4-5-6 7-8-9-1011-12 Problem Definition Results Solution Testing Results Business Plan and Presentation 14
- 15. Grading 15 Activity Part oftotal grade Take-home assignments like case analysis and reading (Will be measured through observation and quizzes) %20 Contribution to team work (Will be surveyed) %20 Class attendance and participation, individual (qualitative) %20 Business plan and DDay presentation %40
- 16. My Role • Canentrepreneurship be taught? No I don’t think so. • But there are some frameworks, tools, methodologies, and entrepreneurial attitudes and behaviors that can be learned and practiced. And if applied, they can significantly increase your entrepreneurial capabilities. • I also believe that as you learn more about entrepreneurship, you will be more inclined to be an entrepeneur. (Or you might decide whether entrepreneurship is good for you.) • I see my job only as an enabler, helping out to get the genie of entrepreneurship out of the bottle. • And I can share few tricks and introduce to you some people who know even better tricks. • The rest is your job. 16
- 17. To communicate • bozkent@ku.edu.tr •Personal Assistan: ozlem@ozkentvetaysever.com • And in case of emergency: 532 544 12 37 • I will stay around after classes for questions and inquires • We will also have some intervals for health-check of the progress 17
- 18. Important Note We arelooking for innovative ideas and innovative business models in this course. However, it does’nt mean that all new ventures should be innovative in real life. 18
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- 20. Innovation is bringing new,better (10x) and profitable solutions to unsolved customer problems/needs. 20
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- 23. Yalın Girişimcilik ileKurumsal İnovasyon Her Hakkı Saklıdır, Özkent ve Taysever 23
- 24. Yalın Girişimcilik ileKurumsal İnovasyon Her Hakkı Saklıdır, Özkent ve Taysever 24
- 26. Yalın Girişimcilik ileKurumsal İnovasyon Her Hakkı Saklıdır, Özkent ve Taysever 26 Yazılım dünyayı yiyor.
- 31. 1.85 Dolar 240.000 Dolar 11Dolar 2.900.000 Dolar
- 32. 26 Milyar Dolar 62Milyar Dolar
- 33. The Internet ofThings is a Hot and Beautiful Mess Until It Becomes the Internet of Everything www.theconnectivist.com By 2020, the number of devices connected to the Internet is expected to exceed 40 billion.
- 34. Yalın Girişimcilik ileKurumsal İnovasyon Her Hakkı Saklıdır, Özkent ve Taysever 34
- 41. Yalın Girişimcilik ileKurumsal İnovasyon Her Hakkı Saklıdır, Özkent ve Taysever 41
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- 48. Yaşam Süreleri Kısalıyor YalınGirişimcilik ile Kurumsal İnovasyon Her Hakkı Saklıdır, Özkent ve Taysever 48
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- 54. Homework for Tomorrow •Read Running Lean – Part-1 Roadmap (Pages 3-19) • Form and Name Your Team (four to five members) • Find Initial Business Idea (If You Don’t Already Have One) and prepare a short presentation (3 Slides) – What customer problem are you trying to solve – What is your solution idea – Team members (with photos) and team name • Send your presentation to me for my preview until tomorrow morning 10 am. 54
- 55. Homework for Tomorrow •Read Running Lean – Part-1 Roadmap (Pages 3-19) – Part-2 Create Your Lean Canvas (Pages 23-45) • Watch Video: Running Lean / Ash Maurya https://www.youtube.com/watch?v=7o8uYdUaFR4 • Form and Name Your Team (maximum of five members) • Find Initial Business Idea (If You Don’t Already Have One) and prepare a short presentation (3 Slides) – What problem are you trying to solve – Who is your early adaptor customer to be (define in detail) – What is your solution idea and why is it 10 times better than current solutions • Send your presentation to me latest 5 this Wednesday of my for preview 55
- 56. About the Idea •Determine a customer group and their unsolved problem. • İmagine a possible solution. • Make sure that you can reach to customers for interviews. • Make sure that you can develop a prototype with your skill sets or networks. • Make sure that the idea matters for you, you feel somewhat passionate for solving the problem. • Prefer digital ideas over physical ideas. • Prefer service ideas over product ideas. • Having at least some technical skills within the group helps a lot. 56
- 57. About the Team •Determine a customer group and their unsolved problem. • İmagine a possible solution. • Make sure that you can reach to customers for interviews. • Make sure that you can develop a prototype with your skill sets or networks. • Make sure that the idea matters for you, you feel somewhat passionate for solving the problem. • Prefer digital ideas over physical ideas. • Prefer service ideas over product ideas. • Having at least some technical skills within the group helps a lot. 57
- 58. About the Team •Chose people you can be friends with. • Consider logistics (meetings, calendars, locations) • Find a funny team name • Be prepared for hard work • Start… 58
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- #2 This presentation demonstrates the new capabilities of PowerPoint and it is best viewed in Slide Show. These slides are designed to give you great ideas for the presentations you’ll create in PowerPoint 2011! For more sample templates, click the File menu, and then click New From Template. Under Templates, click Presentations.
- #34 http://www.theconnectivist.com/2014/05/infographic-the-growth-of-the-internet-of-things/