Introduction to Entrepreneurship v.3
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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 Elective Subject at Ateneo GSB
- 2. Introduction to Entrepreneurship Lecture v.3 Elective subject at Ateneo GSB
- 4. •The boss •The business owner •The smart guy •The business founder
- 7. “Making the world forever new” – George Gilder
- 9. “Creative destruction” by Joseph Schumpeter
- 10. Joseph Schumpeter’s book, Capitalism, Socialism, and Democracy, proposes that America be transformed through a process of "creative destruction."
- 11. • Walt Disney’s definition “….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
- 13. SIMPLY AMAZING!
- 14. Entrepreneurship involves: • MAGIC – soft issues • LOGIC – hard issues
- 16. “Creating something from practically nothing” “Doing something instead of just talking”
- 18. “Creating new products and services with resources that one has no control of” - HBS
- 19. “Creating new products and service” – Dr. Ed Morato
- 21. “Being bold and audacious” – (walang hiya) - Atty Christian Gerona – CEO Manship “maabilidad, maparaan”
- 24. Interesting Topics: • Creativity • Innovation • Invention • Imitation • Entrepreneurship
- 25. The driving force behind international finance – capitalist entrepreneurship –”World is curved”
- 26. Hedge funds, mergers and acquisitions are the driving force behind new businesses, efficiency, processes, innovation
- 27. The US Dollar is still the trading and currency of choice. and capital destination because of perception of US as a entrepreneurship/innovation haven
- 32. The rise of: CSV – Michael Porter Social business - Mohammad Yunus
- 33. Michael Porter
- 34. Grameen Bank
- 36. “Every generation needs a revolution” – Thomas Jefferson
- 38. How to achieve entrepreneurship? - Larry Farrell
- 40. 1. High speed of innovation 2. Self inspired behaviour 3. Mission – customer 4. Vision – product market
- 41. It is no longer the skill/innovation DNA that counts in business success –speed does!
- 42. It is about new ideas and products
- 44. Innovation
- 45. Not just about new ideas; it is about new values
- 46. From Say: resources from areas of low value to area of higher value
- 51. Value of entrepreneurs to economy and society
- 52. 1. Creation of new products and services
- 54. 3. Fights poverty via job creation
- 56. 4. Foot the bill of the government; pay the taxes
- 58. Entrepreneurship – a mindset, an attitude
- 59. From that of dependency and patronage/bondage
- 60. To that of dignity and independence
- 61. Are we truly free?
- 65. Failing marks are birthmarks of entrepreneurs - Ds and Fs
- 66. D’s
- 67. • Dream • Determined • Details • Dollar (Peso, in our case) • Decision • Doer • Distribute • Destiny • Devotion • Dedication D’s
- 68. F’s
- 69. • Founder • Faith • Focused • Frugal • Fast • Fun • Flexible • Flat • Forever Improving F’s
- 71. Anatomy of the Entrepreneur 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 the Entrepreneur WISDOM HEART GUTS What lies behind us, what lies before us, is nothing compared to what lies within us. HANDS
- 73. Self Analysis: • Gifted minds • 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 developed by 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 that need to be developed in entrepreneurs
- 81. 1. Personal mastery 2. Mental models (attitudes) 3. Systemic thinking
- 82. Personal Mastery
- 83. Mental Models
- 85. Personal mastery by Dr. 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
- 86. Think Feel
- 88. It is rigorous, demanding, and a discipline!
- 89. It is hard!
- 90. JFK message on getting 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 failures are in entrepreneurship
- 92. Only in entrepreneurship can you become a millionaire/billionaire!
- 93. Do you want to be a billionaire?
- 94. I want to be a billionaire! (Please put the target date and sign your name) _________________________ (Your Name)
- 95. Thank You!
- 96. By: Prof. Jorge U. Saguinsin