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The University of Sydney Page 1
SIEN6006 Entrepreneurship
Entrepreneurship &
organisations
Week 5 Workshop
Sergio Pinzon
The University of Sydney Page 2
Today’s agenda
• Last week recap
• Entrepreneurship and Organisations
• Exercise #1: Contextual factors influencing your chosen
entrepreneur
• Exercise #2: Challenges affecting your chosen entrepreneur
***time permitting***
The University of Sydney Page 3
Recap
The University of Sydney Page 4
Homework
You were required to complete the five-factor model of personality test (as detailed on Canvas).
From your own personal results:
• Identify one personality aspect you consider a strength and one personality aspect you consider a weakness.
• Identify examples of how these ‘strong’ and ‘weak’ personality aspects have influenced your ability to interact in the
workplace/university.
• How might these personality aspects influence your behaviour as an entrepreneur?
• Apply the ‘five factor model of personality’ to your chosen entrepreneur for exercise #1. Which traits are they
‘strong’ in, and which traits are they ‘weak’ in? Why do you think this?
• Your reflection on one aspect of 100 Things Successful People
The University of Sydney Page 5
New venture formation: influences and
organisations
– Creating a new venture can be viewed as
the result of:
– The interactions of individual
entrepreneurial skills
– The contextual factors that may create
opportunities, provide support or even
hinder entrepreneurship
The University of Sydney Page 6
Factors that can motivate individuals to launch
a new venture*
Antecedent influences
• Genetic factors
• Family influences
• Educational
choices, and
• Previous career
experiences
Individual
incubator
experiences
• Learned skills
• Incubator
experiences
• Supporting
organizations
Environmental
factors
• Funding
available
• Supporting
services
• Economic
conditions
• External
factors that
helped with
their success
*According to Bessant & Tidd (2018)
The University of Sydney Page 7
Exercise #1
• Choose one venture or success story relating to your chosen entrepreneur for
Assignment #1.
• Using Bessant and Tidd’s (2018) model, 'factors which influence the creation
of a new venture’, identify the factors that relate to your chosen
entrepreneur's new venture creation
• Do the factors that have influenced your chosen entrepreneur fall into
‘antecedent influences’, ‘individual incubator experiences’ or
‘environmental factors’?
The University of Sydney Page 8
Antecedent influences Individual incubator experiences
Environmental factors
The University of Sydney Page 9
Challenges in Scaling a New Organisation
• Establishing a product-market fit
• Social systems
• Leadership for growth
Having an innovation strategy
The University of Sydney Page 10
Homework
Choose one venture or success story relating to your chosen
entrepreneur for assignment #1.
• Identify two challenges the entrepreneur’s start-up has faced or
will soon face
• Develop possible strategies for addressing these challenges
The University of Sydney Page 11
Group formation: Assignment #2
Assignment 2 -- discussion thread created for each workshop.
Identify the top two emerging areas you would like to be assigned
to, in order of preference, along with your full name and student
number (see the relevant Discussion threads for more details).
Please complete this task by Friday 22nd March, 23:59.
Make sure you post in the Discussion thread set up for your
workshop and not in any others.
Students who do not complete this task by the deadline will be
randomly assigned to an emerging area.
The University of Sydney Page 12
Module 6 – Entrepreneurship and Wider Contexts
We will:
• Understand the importance of ecosystems to entrepreneurs and innovators
• Recognise the benefits of taking an 'ecosystem lens'
• Identify ways entrepreneurs and innovators can proactively become part of an
ecosystem
• Map out relevant innovation and entrepreneurial ecosystems.
• Review: Canvas content; required readings
• Lecture: Guest speaker details to be announced on Canvas
• Reflection and preparation for our next Workshop: Detailed on Canvas
The University of Sydney Page 13
The University of Sydney Page 14

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Entrepreneurship & organisations: influences and organizations

  • 1. The University of Sydney Page 1 SIEN6006 Entrepreneurship Entrepreneurship & organisations Week 5 Workshop Sergio Pinzon
  • 2. The University of Sydney Page 2 Today’s agenda • Last week recap • Entrepreneurship and Organisations • Exercise #1: Contextual factors influencing your chosen entrepreneur • Exercise #2: Challenges affecting your chosen entrepreneur ***time permitting***
  • 3. The University of Sydney Page 3 Recap
  • 4. The University of Sydney Page 4 Homework You were required to complete the five-factor model of personality test (as detailed on Canvas). From your own personal results: • Identify one personality aspect you consider a strength and one personality aspect you consider a weakness. • Identify examples of how these ‘strong’ and ‘weak’ personality aspects have influenced your ability to interact in the workplace/university. • How might these personality aspects influence your behaviour as an entrepreneur? • Apply the ‘five factor model of personality’ to your chosen entrepreneur for exercise #1. Which traits are they ‘strong’ in, and which traits are they ‘weak’ in? Why do you think this? • Your reflection on one aspect of 100 Things Successful People
  • 5. The University of Sydney Page 5 New venture formation: influences and organisations – Creating a new venture can be viewed as the result of: – The interactions of individual entrepreneurial skills – The contextual factors that may create opportunities, provide support or even hinder entrepreneurship
  • 6. The University of Sydney Page 6 Factors that can motivate individuals to launch a new venture* Antecedent influences • Genetic factors • Family influences • Educational choices, and • Previous career experiences Individual incubator experiences • Learned skills • Incubator experiences • Supporting organizations Environmental factors • Funding available • Supporting services • Economic conditions • External factors that helped with their success *According to Bessant & Tidd (2018)
  • 7. The University of Sydney Page 7 Exercise #1 • Choose one venture or success story relating to your chosen entrepreneur for Assignment #1. • Using Bessant and Tidd’s (2018) model, 'factors which influence the creation of a new venture’, identify the factors that relate to your chosen entrepreneur's new venture creation • Do the factors that have influenced your chosen entrepreneur fall into ‘antecedent influences’, ‘individual incubator experiences’ or ‘environmental factors’?
  • 8. The University of Sydney Page 8 Antecedent influences Individual incubator experiences Environmental factors
  • 9. The University of Sydney Page 9 Challenges in Scaling a New Organisation • Establishing a product-market fit • Social systems • Leadership for growth Having an innovation strategy
  • 10. The University of Sydney Page 10 Homework Choose one venture or success story relating to your chosen entrepreneur for assignment #1. • Identify two challenges the entrepreneur’s start-up has faced or will soon face • Develop possible strategies for addressing these challenges
  • 11. The University of Sydney Page 11 Group formation: Assignment #2 Assignment 2 -- discussion thread created for each workshop. Identify the top two emerging areas you would like to be assigned to, in order of preference, along with your full name and student number (see the relevant Discussion threads for more details). Please complete this task by Friday 22nd March, 23:59. Make sure you post in the Discussion thread set up for your workshop and not in any others. Students who do not complete this task by the deadline will be randomly assigned to an emerging area.
  • 12. The University of Sydney Page 12 Module 6 – Entrepreneurship and Wider Contexts We will: • Understand the importance of ecosystems to entrepreneurs and innovators • Recognise the benefits of taking an 'ecosystem lens' • Identify ways entrepreneurs and innovators can proactively become part of an ecosystem • Map out relevant innovation and entrepreneurial ecosystems. • Review: Canvas content; required readings • Lecture: Guest speaker details to be announced on Canvas • Reflection and preparation for our next Workshop: Detailed on Canvas
  • 13. The University of Sydney Page 13
  • 14. The University of Sydney Page 14