Slides of an interactive lecture in effectuation; theory and practice. Presented in the course Entrepreneurial Behavior @ SAMK university, pori, Finland for students in Toerism Management.
For many people, entrepreneurship has become the job choice of the 21st century. That's understandable given the challenges and rewards of building a successful business. An entrepreneur is a businessperson who not only conceives and organizes ventures but also frequently takes risks in doing so. Not all independent business people are true entrepreneurs, and not all entrepreneurs are created equal.
Qualities or Personal Entrepreneurial Characteristics (PEC) of successful entrepreneurs refer to the desired traits, which enable the entrepreneurs to do what is expected of them and succeed in business. It is the combination of these characteristics that is required to enable any one to perform effectively as an entrepreneur.
The characteristics of entrepreneurs being numerous, a successful entrepreneur possesses a combination of traits that show both innovation and leadership qualities. Scholars from around the world have worked tirelessly to discover just what characteristics make a good entrepreneur. While a lot of the findings are still open to debate, there's no doubt that great entrepreneurs have these traits which are presented
For many people, entrepreneurship has become the job choice of the 21st century. That's understandable given the challenges and rewards of building a successful business. An entrepreneur is a businessperson who not only conceives and organizes ventures but also frequently takes risks in doing so. Not all independent business people are true entrepreneurs, and not all entrepreneurs are created equal.
Qualities or Personal Entrepreneurial Characteristics (PEC) of successful entrepreneurs refer to the desired traits, which enable the entrepreneurs to do what is expected of them and succeed in business. It is the combination of these characteristics that is required to enable any one to perform effectively as an entrepreneur.
The characteristics of entrepreneurs being numerous, a successful entrepreneur possesses a combination of traits that show both innovation and leadership qualities. Scholars from around the world have worked tirelessly to discover just what characteristics make a good entrepreneur. While a lot of the findings are still open to debate, there's no doubt that great entrepreneurs have these traits which are presented
Definition of an Entrepreneur
Role of the Entrepreneur
The Entrepreneur
Entrepreneur as an Economic Pioneer
Entrepreneurs V. Intrapreneurs
Reasons for Growth of Entrepreneurship
Intrapreneurship
Traits of Entrepreneurs
Characteristics of Entrepreneurs
Key Personal Attributes
Technical Proficiency
Planning
Motivations
Lifestyle Venture
Smaller Profit Venture
High Growth Ventures
Start or Buy?
The Market
What about the cost
Domestic or Global
Entrepreneurship: Growth Pressures
Formal Organization
Entrepreneurship Organization
Managing a Family Business
Corporate INTRA-preneurs
What does it take to be an entrepreneur ? Discover some of the characteristics behind a successful individual who bears the risk of operating business in the face of uncertainty about the future conditions. Power Point by Prof. J.C. Sabo
This module explores the concept of entrepreneurial mind sets, developing entrepreneurial thinking, finding inspiration and discovering the benefits of creative thinking
Uncovering and understanding your deeper motives is the first step toward becoming a successful entrepreneur or discovering that you are not cut out for its punishing demands -- the personal sacrifices, inevitable setbacks, relentless work, crushing time pressure, financial uncertainty and sleepless nights faced by 99 percent of entrepreneurs.
Derek Lidow, a veteran entrepreneur, author of Startup Leadership, and a professor in Entrepreneurship at Princeton University, provides a roadmap for determining your entrepreneur type.
Introduction to entreprenershipunit i to vanandmohandass
Introduction, Meaning Characteristics, Factors, Functions, Types, Challenges, Women Entrepreneurship, MSMEs, Business Plan & Model, Feasibility analysis, etc..
Top 50 Words associated with Entrepreneurial Behaviour
- taken from the responses of participants on "The Enterprise Shed: Making Idea's Happen" - Newcastle University's course on FutureLearn https://www.futurelearn.com/courses/enterprise-shed
Definition of an Entrepreneur
Role of the Entrepreneur
The Entrepreneur
Entrepreneur as an Economic Pioneer
Entrepreneurs V. Intrapreneurs
Reasons for Growth of Entrepreneurship
Intrapreneurship
Traits of Entrepreneurs
Characteristics of Entrepreneurs
Key Personal Attributes
Technical Proficiency
Planning
Motivations
Lifestyle Venture
Smaller Profit Venture
High Growth Ventures
Start or Buy?
The Market
What about the cost
Domestic or Global
Entrepreneurship: Growth Pressures
Formal Organization
Entrepreneurship Organization
Managing a Family Business
Corporate INTRA-preneurs
What does it take to be an entrepreneur ? Discover some of the characteristics behind a successful individual who bears the risk of operating business in the face of uncertainty about the future conditions. Power Point by Prof. J.C. Sabo
This module explores the concept of entrepreneurial mind sets, developing entrepreneurial thinking, finding inspiration and discovering the benefits of creative thinking
Uncovering and understanding your deeper motives is the first step toward becoming a successful entrepreneur or discovering that you are not cut out for its punishing demands -- the personal sacrifices, inevitable setbacks, relentless work, crushing time pressure, financial uncertainty and sleepless nights faced by 99 percent of entrepreneurs.
Derek Lidow, a veteran entrepreneur, author of Startup Leadership, and a professor in Entrepreneurship at Princeton University, provides a roadmap for determining your entrepreneur type.
Introduction to entreprenershipunit i to vanandmohandass
Introduction, Meaning Characteristics, Factors, Functions, Types, Challenges, Women Entrepreneurship, MSMEs, Business Plan & Model, Feasibility analysis, etc..
Top 50 Words associated with Entrepreneurial Behaviour
- taken from the responses of participants on "The Enterprise Shed: Making Idea's Happen" - Newcastle University's course on FutureLearn https://www.futurelearn.com/courses/enterprise-shed
Get on top of Innovation by understanding the essentials. What it is. The types of Innovation and the elements of an Innovation ecosystem. Thanks for viewing orxil(a)yahoo.com
Design thinking- La pensée design- التفكير التصميميZohra Kaafar
Le Design Thinking est un processus d'innovation basé sur l'empathie utlisé dans le Sillicon Valley -
Le Design thinking ou la pensée design est une méthode structurée utilisée pour la résolution de problèmes complexes, cette méthode est centrée sur l'humain.
Proakatemia is the entrepreneurship unit at Tampere University of Applied Sciencies. Students at Proakatemia learn entrepreneurship and team leadership by running and managing their own cooperative as a team. This slideshare gives an introduction to how do they learn and study and what is the coaches' role in their journey.
CONTEXT
HCC’s Freshman Focus Program
Career Component
CONTENT
Overview of Counseling Services
Holland Checklist
Career Envelopes
Discussion – So What?
CONSEQUENCES (evaluation)
A summary of my career development workshop for bioscience PhD students and postdocs (May 2018) including skills analysis, job seeking, CVs and interview technique.
Final thesis presentation by Sophie Cohen '10Dan Forbush
This is the PowerPoint Sophie Cohen, Skidmore Class of 2010, used to present the results of her study of creativity in Skidmore business and art students.
Presetation is debating the successor of Capitalism: Entrepreneurship.
Regarding the work of Schumpeter and Herbert Simon, resulting in effectuation and design thinking, the 4th wave of industrial evolution has started.
In these lecture-slides, young adolescents and nascent entrepreneurs are enabled to identify their own talents by making use of the proto-type of a talent.
A short introduction in the history and philosophies of entrepreneurship (In Dutch only [yet]).
Een korte inleiding in de geschiedenis en filosofieën van ondernemerschap. De presentatie is in de Nederlandse taal
Uitleg over hoe je een ondernemerspln kunt maken. Uitleg in drie niveau's van detail: eerst op hoofd-termen, dan met korte uitleg en video's en vervolgens met zeer veel details (in Engelse taal). De details zijn voorbeelden en zijn naar eigen inzicht te benoemen of niet, dan wel zelf elementen toe te voegen.
Erasmus Intensive Programme:
“Fostering the entrepreneurial spirit in Europe through development of entrepreneurial sales personality”
Riga, 10 – 23 November 2013
Latvi
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
Entrepreneurial Behavior, interaction with effectuation @ samk, pori, Finland
1. Entrepreneurial Behavior
(theory and interactive practice on effectuation)
Pori, 7 – 8 April 2014, Finland
Ing. Matthijs H.M. Hammer M.Sc.
Senior lecturer Entrepreneurship
School of Business, Building & Technology
PhD Researcher
Faculty of Product Innovation Management
2. • Short general introduction
• Theory:
• What is Entrepreneurship?
• How to behave like them?
• How to learn this?
• Practice:
• Casus: You!
Menu
6. Characteristics of Saxion:
• Comprehensive university, predominantly
undergraduate level
• Focus on profession-oriented education through
teaching & undergraduate research
• Professional Masters’ programmes in key fields
• Regional focus for all programmes, national profile
in key fields
• Quality education under public scrutiny and
accreditation
Public funding, History dates back to 1875
23,125 students, 2,232 faculty and staff
12 Schools, 6 research centres
7. Schools and academic programs
• School of Business Building &
Technology
• School of Governance & Law
• School of Health
• School of Applied Psychology
and Human Resources
Management
• School of Social Work
• School of Education
• School of Creativity & Technology
• School of Finance & Accounting
• Hospitality Business School
• School of Life Science, Engineering &
Design
• School of Marketing & International
Management
• School of Environmental Planning &
Building
12 Schools:
•125 Bachelor / Master programmes in Dutch.
•27 Bachelor / Master international programmes in English.
•Various Bachelor / Master programmes in German
•Non-degree programmes
8. Small Business & Retail Management
• For the last 12 years
continually chosen as the
best Entrepreneurship
program in the country.
(Source: Studiegids Hoger Onderwijs Ministry
of Education the Netherlands, 2011)
• Voted in October 2009 as
the best performing study
program in the entire field
of commerce/economy in
The Netherlands (8.3 out of
10) (Source: Elsevier, october 2009)
9. Winner of Dutch
Wijnand Wijnen
education award for
most innovative
university program
concept.
Small Business & Retail Management
11. A kind question for you
Do you want to co-operate in applied research on
Entrepreneurship?
Please fill-out the form provided.
First part is about your thoughts on entrepreneurship
Second part for statistical processing.
Thank you.
20. Prototyping
• Object or pattern recognition (Matlin, 2002)
• Combination of attributes associated with an object or
pattern (Solso, 1999)
Question?
• What is a prototype of an business opportunity?
28. Summery
1. Determine what your motivation is; what make you
have fun.
2. Determine your relevant talents.
3. Determine what is your goal.
4. Create training activities in another professional
context.
5. Do it! (with motivation and drive)
29. Step up to Saxion.
Effectuation
(decision making heuristics learned by expert
entrepreneurs in uncertain, disruptive situations)
Matthijs Hammer, senior lecturer Entrepreneurship
Source: Stuart Read, Professor of Marketing
www.effectuation.org
30. Step up to Saxion.
Where to Start
• Causal principles (blue) what is taught
in business school
• Effectual principles are always in red
31. Step up to Saxion.
• Means. The basis for decisions
and new opportunities:
– Who I am
– What I know
– Whom I know
Where to Start
• Goals. Given (based on predictions)
32. Step up to Saxion.
• Affordable Loss.
Calculate downside potential and risk
no more than you can afford to lose.
Risk, Return and Resources
• Expected Return.
Calculate upside potential
and pursue the (risk
adjusted) best opportunity.
33. Step up to Saxion.
Partnership. Build your “future” together with
customers, suppliers and even prospective
competitors.
Attitude Toward Others
Competition. Set up
transactional
relationships with customers
and
suppliers.
34. Step up to Saxion.
34
Surprise
• Leverage Surprises.
Surprises can present new opportunities.
• Avoid Surprises.
35. Step up to Saxion.
Underlying Logic & What to
Do
To the extent we can predict the
future, we can control it.
PLAN
To the extent we can control the
future, we don’t need to predict it.
CO-CREATE
36. Step up to Saxion.
Effectuation
(decision making heuristics learned by expert
entrepreneurs in uncertain, disruptive situations)
40. Step up to Saxion.
Task
1. Make small groups.
2. Respond to the request:
From the city of Pori you are asked to
develop a brand new / innovative and low
cost-risk toerism attraction, museum, park
or concept.
3. Prepare a pitch of 1 minute.