Prezentare Marius Ghenea la Targu Mures Business Days
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Transcript of Prezentare Marius Ghenea la Targu Mures Business Days
INNOVATION & ENTREPRENEURSHIP
Marius GheneaBusiness Days
Tg. Mures30 September 2010
AGENDA
Entrepreneurship: definition, historyWaves, business cycles, entrepreneursBusting some myths on innovationEntrepreneurial functions and attributes Types of entrepreneursSome thoughts on intrapreneurshipFrom idea to opportunity to businessPersonal details, Q&A
“Search and luck
lead to opportunity”
The Entrepreneurial Motto
The Entrepreneurial Definition
The Entrepreneurial Definitions
An entrepreneur is a person who is willing and able to convert a new idea or innovation into a successful business
An entrepreneur is someone who organizes a business venture and assumes the risk for it
An entrepreneur is a person who has possession of a new enterprise, venture or idea, and assumes significant accountability for the inherent risks
An entrepreneur is an intermediary between capital and labor (original French definition by Richard Cantillon)
An entrepreneur is any person who looks at a problem and sees it as an oportunity, and then acts on it!
A historical perspective
Short history of entrepreneurship
- until ca. 1760: “pre-historical” bases
- ca. 1800 – 1970: economical bases
- 1970 – 2000 and beyond – social implications, “reinventing” entrepreneurship
The year modern entrepreneurship was born
1775, Watt and Boulton form the partnership for the development of the Watt engine
Waves, cycles, entrepreneurs
The economic development theory: “business-cycles” and the “circular flow”
Without innovation, the circular flow remains static
The Entrepreneur is the one taking the economic cycle into a dynamic mode, towards the next cycle
“an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation”
Schumpeter and his contribution
1. Industrial Revolution - 1771 2. The Age of Railways - 1829 3. The Age of Electricity and Steel - 1875 4. The Age of the Automobile - 1908 5. The Age of IT - 1971 6. The next Age: the post-information age? The Google Age?
Kondratieff cycles & entrepreneurs
Busting some myths on innovation
Busting some myths on innovation Innovation rarely involves lonely inventors and is always based on
legacy or reused ideas Apple didn’t invent the MP3 player, or the computer, or the phone! Most innovations come without “epiphanies”... Innovation is in many cases explained by short-term motivations The fear of ideas being stolen IS paranoia We are happy with existing good ideas, not with new ideas we don’t
understand! Innovation has to permeate society, not to stay “ahead of its time”, in
order to generate progress Being idle could help a lot! Look at Newton and at Archimedes The best idea is NOT sure to win! The future never enters the present in the shape of a finished product!
Entrepreneurial functionsThe “4A” List
AggregationArbitrageAdvancementAmbiguity
A is All Action!
Types of entrepreneurs
Entrepreneur or small business owner?
Some entrepreneurship theorists claim entrepreneurship requires a high degree of innovation
As such, they consider some business owners (particularly in the case of small standard service businesses) not being true entrepreneurs
Aspirations vs. Abilities
Types of entrepreneurs
Traditional EntrepreneursNetrepreneurs IntrapreneursSocial EntrepreneursPolitical EntrepreneursKnowledge EntrepreneursMore Entrepreneurs
The Intrapreneur
in·tra·pre·neur ˌɪn trə prəˈnɜr, -ˈnʊər, -ˈnyʊər –noun
an employee of a large corporation who is given freedom and financial support to create new products, services, systems, etc., and does not have to follow the corporation's usual routines or protocols.
From IDEA to OPPORTUNITY
The myth about creativity
Trending ideasGenerating big ideas
on demandHow to determine the
need for an ideaOpportunity
recognitionBusiness planning
The Crisis: in Chinese...
... it spells opportunity!
It all depends how you look at it...
(or Google search)
Profile: www.ghenea.ro
Entrepreneurship, Innovation and New Business Ventures Professor with Maastricht School of Management,
EMBA program
Q&A