3rdClass-EntrepMind-Student Finalv09292011-2

3rdClass-EntrepMind-Student Finalv09292011-2 -...

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Unformatted text preview: Innova&on to Market (A) Del Foit September 29, 2011 [email protected] Agenda •  Finish & Review of Last Class Content –  Higher EducaHon, InnovaHon, Entrepreneurship IntegraHon: Keys to Success in San Diego’s Regional Cluster •  “A Garage & an Idea: What More Does and Entrepreneur Need?” •  The Entrepreneurial Mind For Classroom Use Only - Del Foit Your Learning Expecta&ons for Quarter •  •  •  •  •  •  •  •  •  •  How to build a business model How to start a business Project management techniques Entrepreneurial skills Frameworks for idea evaluaHon Idea moneHzaHon Understand consumer demand Improve skills in Teamwork Discover unmet needs Learn from failure For Classroom Use Only - Del Foit Last Class Take ­a ­ways •  InnovaHon in San Diego  ­ Roots For Classroom Use Only - Del Foit Pondering “The three great essenHals to achieve anything worth while are, first, hard work; second, sHck ­to ­iHveness; third, common sense."  ­ ­ Thomas Edison, inventor and businessman For Classroom Use Only - Del Foit Class Discussion A Garage and an Idea: What More Does an Entrepreneur Need? For Classroom Use Only - Del Foit Achieving Entrepreneurial Greatness Three core principles of Marion Labs and the Kauffman FoundaHon: 1.  Treat others as you would want to be treated 2.  Share the wealth that is created with all those who have contributed to it at all levels 3.  Give back to the community For Classroom Use Only - Del Foit Leadership and Human Behavior •  A single psychological model of entrepreneurship has been supported by research •  Myths sHll exist about entrepreneurs and entrepreneurship For Classroom Use Only - Del Foit Comparing Management & Leadership 1.  2.  3.  4.  CreaHng an Agenda Developing a Human Network for Achieving the Agenda ExecuHon Outcomes For Classroom Use Only - Del Foit Pondering “You do not lead by higng people over the head  ­ ­ that's assault, not leadership."  ­ ­ Dwight D. Eisenhower, Thirty ­fourth president of the U.S. For Classroom Use Only - Del Foit Desirable and Acquirable AQtudes, Habits and Behaviors •  Seven Dominant Themes 1.  2.  3.  4.  5.  6.  7.  Commitment and DeterminaHon Courage Leadership Opportunity Obsession Tolerance of Risk, Ambiguity and Uncertainty CreaHvity, Self ­Reliance, and Adaptability MoHvaHon to Excel For Classroom Use Only - Del Foit For Classroom Use Only - Del Foit David Neeleman Journey For Classroom Use Only - Del Foit Pondering “Every strike brings me closer to the next home run."  ­ ­ Babe Ruth, American baseball player For Classroom Use Only - Del Foit Who is the Entrepreneur •  •  •  •  •  A wide range of personality types Useful benchmarks Share common agtudes and traits CreaHve and InnovaHve flair Solid management skills, business know ­how and sufficient contacts. For Classroom Use Only - Del Foit The Concept of Appren&ceship •  •  •  •  •  •  Shaping and Managing Windows 50,000 Chunks Role Models Myths and RealiHes What Can Be Learned? For Classroom Use Only - Del Foit Myths & Reali&es about Enterpreneurs •  Folklores and stereotypes are remarkably durable •  90% start ventures in same marketplace, technology or industry •  Work both more and less •  High degree of saHsfacHon with their jobs For Classroom Use Only - Del Foit A Word of Cau&on •  Leadership and achievement  ­ the heart of the entrepreneur For Classroom Use Only - Del Foit Known and Not Known •  Area 1 - You know what you know •  Area 2 - You know what you don’t know •  Area 3 - You don’t know what your don’t know For Classroom Use Only - Del Foit Fit – Entrepreneur & Venture Opportunity •  Entrepreneur’s requisites •  AqracHveness of venture opportunity For Classroom Use Only - Del Foit Personal Entrepreneurial/Intrapreneurial Strategy •  A Conceptual Scheme for Self Assessment •  Craring your Strategy –  Gather data from yourself (past & present profiles) –  Gather data from others (construcHve feedback) –  Evaluate the data •  Pugng it all Together •  Thinking Ahead (a.k.a. Planning) For Classroom Use Only - Del Foit Pondering “Knowing is not enough; we must apply Willing is not enough; we must do”  ­ Johann Wolfgang von Geothe German Writer For Classroom Use Only - Del Foit Next Class – October 4th  ­ Prepara&on •  Required Reading –  Chapter 3 [NVC]: Read pgs 101 – 117 •  Assignment  ­ Turn in answers to chapter 3 [NVC] study quesHons #1, 6 & 7. To be submiqed electronically via TED. For Classroom Use Only - Del Foit ...
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