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Introduction to Entrepreneurship Unlocking the Secrets of Wealth Creation April 16, 2011
A. General Concepts
The ENTREPRENEUR
Our common understanding ,[object Object],[object Object],[object Object],[object Object],[object Object]
No single definition
French word origin Entependre  – an undertaker
[object Object],[object Object],For this course: *From the lecture given by Larry Farrel at SBMA, August 7, 2002 and at UAP, October 30, 2009.
Walt Disney and entrepreneurship Simply amazing! Magical
Entrepreneurship involves: ,[object Object],[object Object]
[object Object],According to George Gilder –  from “The Spirit of the Enterprise”* According to Joseph Schumpeter -* ,[object Object],*From “Business as a Calling” by Michael Novak
It is about: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
THE THREE MASTERIES FOR AN ENTREPRENEUR: ,[object Object],[object Object],[object Object]
Mastery of Self Mastery of Organization Enterprise Corporate Entrepreneurial Leadership Corporate Leadership
Aspects of Self-Mastery
Traits of an Entrepreneur - D’s and F’s Is it better to drop out? Is it better to get F as a grade?
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],D’s
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],F’s
Anatomy of the Entrepreneur The Entrepreneurial Mind Frame The Entrepreneurial Gut Game The Entrepreneurial Heart Flame
Anatomy of the Entrepreneur WISDOM HEART GUTS ,[object Object],HANDS
Self Analysis: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Do I possess all of the above?
The Entrepreneur’s Brain Let us do a brain surgery …
“ I have 4 brains:  left cerebral,  left limbic,  right limbic,  Right cerebral.”
The HBDI developed by Hermann yielded a brain dominance profile  Logical  Factual  Critical  Technical Analytical Quantitative Interpersonal Kinesthetic Emotional Spiritual Sensory Feeling A B D C
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],A B C D PREFERRED SUBJECTS
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],A B C D ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],PREFERRED PROFESSIONS
CEO’s male or female Cerebral Right mode Left mode Limbic
Entrepreneurs Cerebral Right mode Left mode Limbic
B. Forms of Entrepreneurship ,[object Object],[object Object],[object Object]
1. Social Entrepreneurship
1. Social Business Mix NGO (non-profit) NGO (for-profit) Social Enterprise Social Business Business Enterprise CSR Profit Maximization Business (PMB) Business Enterprise
Social Entrepreneurship ,[object Object],[object Object],[object Object]
Banker to the poor
Social Entrepreneurship ,[object Object],[object Object],[object Object],[object Object]
Social Entrepreneurship ,[object Object],[object Object],[object Object]
Social Business ,[object Object],[object Object],[object Object],[object Object],[object Object]
BOP – Bottom of Pyramid A-B  9% C  20% D-E  31% F  40% Living on less than $2 per day Above poverty threshold Living on less than $1 per day
[object Object]
[object Object],[object Object],[object Object]
[object Object]
[object Object]
Mohammad Yunus ,[object Object],[object Object],[object Object]
Why are they entrepreneurs ? ,[object Object]
2. Business Entrepreneurship Business for profit
Business Entrepreneurship ,[object Object]
The business cycle according to Larry Farrel – int’l expert on entrepreneurship Survival / Failure Decline Growth Start ENTREPRENEURIAL MANAGERIAL
No longer excellent!... ,[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Vanishing giants Dinosaurs of the corporate world
ENTREPRENEURIAL COMPANIES ,[object Object],[object Object],[object Object],[object Object]
BUSINESS ENTREPRENEURSHIP  Entrepreneur (Self) Resources Opportunity IDEA REALITY TIME
Differentiation Growth Strategic direction
Three Competencies of the Complete Entrepreneur ORIGINATOR OPERATOR ORGANIZER innovator inspirer implementor
Compelling Reasons Why We Need Entrepreneurs ,[object Object],[object Object],[object Object],[object Object],[object Object]
...in the Philippines ,[object Object],[object Object]
[object Object],[object Object]
RP is a HOTBED OF ENTREPRENEURSHIP! ,[object Object],[object Object],[object Object],[object Object]
Entrepreneurship in the Philippines: Issues from a Global Perspective
Other trivia: ,[object Object],[object Object],[object Object],[object Object]
Entrepreneurial “ION” (Process) Ambit ION Pass ION + Sea of Opportunity Inspirat ION  (idea) Perspirat ION  (past jobs) RecreatI ON  (hobbies) Frustrat ION  (what pisses  you off) Idea Fruit ION Enterprise Creat ION =
Is Entrepreneurship easy? ,[object Object],-- JFK, 1962
So you want to be a billionaire Put your name here: __________________________________ THE NEXT MILLIONAIRE / WINNER

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