Intro Slides ICS

Intro Slides ICS - Entrepreneurship: An Introduction Are...

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Unformatted text preview: Entrepreneurship: An Introduction Are Entrepreneurs Born or Made? If born, then what is this class for? Common Myths About Entrepreneurs • They are born, not made. • They are doers, not thinkers. • They are inventors. • They are academic and social misfits. • All they need/want is money. • They are extreme risk takers. Vinod Khosla Founder: Sun Microsystems Founder: Sun Microsystems What is Entrepreneurship? • Individuals who recognize and act on opportunities where others see chaos, confusion, problems or nothing at all. Corporate Entrepreneurship • Is the conceptualization of entrepreneurship at the firm level. • All firms fall along a conceptual continuum that ranges from highly conservative to highly entrepreneurial. • The position of a firm on this continuum is referred to as its entrepreneurial intensity. Are All Entrepreneurs Created Equal? Gazelle Salary Substitute Lifestyle Entrepreneurial Schools of Thought Di Op sp po lac rtu em ni en tie t s nt e nms rorait vi T En Micro View Financial Macro View Predominance of New Ventures Predominance in the Economy in • Entrepreneurial Activity: Growth in Small Businesses New business incorporations average 600,000 per year over the past decade. There are over 25 million small businesses; the number continues to grow 2% annually. One of every 150 adults participates in the founding of a new firm each year. Approximately 600,000 to 800,000 are added each year. The Entrepreneurial Process Recognize and Evaluation Evaluation opportunity The Entrepreneurial Process Recognize and opportunity Develop a Business Develop a Business Evaluation Model The Entrepreneurial Process Recognize and opportunity Evaluation Develop a Business Build a team Build a team Model The Entrepreneurial Process Recognize and opportunity Write a Business Plan Build a team Write a Business Plan Evaluation Develop a Business Model The Entrepreneurial Process Recognize and opportunity Evaluation Build a team Write a Business Plan Get to work! Get to work! Develop a Business Model The Entrepreneurial Process Recognize and opportunity Evaluation Develop a Business Model Build a team Build a team Write a Business Plan Get to work! Might involve getting funding The Entrepreneurial Process Recognize and opportunity Evaluation Develop a Business Model Build a team Build a team Write a Business Plan Get to work! Might involve getting funding ...
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