INNOVATION & ENTREPRENEURSHIP Marius Ghenea Business Days Tg. Mures 30 September 2010
AGENDA <ul><li>Entrepreneurship: definition, history </li></ul><ul><li>Waves, business cycles, entrepreneurs </li></ul><ul...
<ul><li>“ Search and luck </li></ul><ul><li>lead to opportunity” </li></ul>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 in...
A historical perspective <ul><li>Short history of entrepreneurship </li></ul><ul><ul><li>- until ca. 1760: “pre-historical...
The year modern entrepreneurship was born <ul><li>1775, Watt and Boulton form the partnership for the development of the W...
<ul><li>Waves, cycles, entrepreneurs </li></ul>
<ul><li>The economic development theory: “business-cycles” and the “circular flow” </li></ul><ul><li>Without innovation, t...
<ul><li>Industrial Revolution - 1771 </li></ul><ul><li>The Age of Railways - 1829 </li></ul><ul><li>The Age of Electrici...
Busting some myths on innovation
Busting some myths on innovation <ul><li>Innovation rarely involves lonely inventors and is always based on legacy or reus...
Entrepreneurial functions The “4A” List <ul><li>Aggregation </li></ul><ul><li>Arbitrage </li></ul><ul><li>Advancement </li...
Types of entrepreneurs
Entrepreneur or small business owner? <ul><li>Some entrepreneurship theorists claim entrepreneurship requires a high degre...
Aspirations vs. Abilities
Types of entrepreneurs <ul><li>Traditional Entrepreneurs </li></ul><ul><li>Netrepreneurs </li></ul><ul><li>Intrapreneurs <...
The Intrapreneur in·tra·pre·neur   ˌɪn trə prəˈnɜr, -ˈnʊər, -ˈnyʊər – noun an employee of a large corporation who is...
From IDEA to OPPORTUNITY <ul><li>The myth about creativity </li></ul><ul><li>Trending ideas </li></ul><ul><li>Generating b...
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
<ul><li>Q&A </li></ul>
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Prezentare Marius Ghenea la Targu Mures Business Days

Inovatia si antreprenoriatul
Published on: Mar 4, 2016
Published in: Business      Education      
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Transcripts - Prezentare Marius Ghenea la Targu Mures Business Days

  • 1. INNOVATION & ENTREPRENEURSHIP Marius Ghenea Business Days Tg. Mures 30 September 2010
  • 2. AGENDA <ul><li>Entrepreneurship: definition, history </li></ul><ul><li>Waves, business cycles, entrepreneurs </li></ul><ul><li>Busting some myths on innovation </li></ul><ul><li>Entrepreneurial functions and attributes </li></ul><ul><li>Types of entrepreneurs </li></ul><ul><li>Some thoughts on intrapreneurship </li></ul><ul><li>From idea to opportunity to business </li></ul><ul><li>Personal details, Q&A </li></ul>
  • 3. <ul><li>“ Search and luck </li></ul><ul><li>lead to opportunity” </li></ul>The Entrepreneurial Motto
  • 4. The Entrepreneurial Definition
  • 5. 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!
  • 6. A historical perspective <ul><li>Short history of entrepreneurship </li></ul><ul><ul><li>- until ca. 1760: “pre-historical” bases </li></ul></ul><ul><ul><li>- ca. 1800 – 1970: economical bases </li></ul></ul><ul><ul><li>- 1970 – 2000 and beyond – social implications, “reinventing” entrepreneurship </li></ul></ul>
  • 7. The year modern entrepreneurship was born <ul><li>1775, Watt and Boulton form the partnership for the development of the Watt engine </li></ul>
  • 8. <ul><li>Waves, cycles, entrepreneurs </li></ul>
  • 9. <ul><li>The economic development theory: “business-cycles” and the “circular flow” </li></ul><ul><li>Without innovation, the circular flow remains static </li></ul><ul><li>The Entrepreneur is the one taking the economic cycle into a dynamic mode, towards the next cycle </li></ul>“ 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
  • 10. <ul><li>Industrial Revolution - 1771 </li></ul><ul><li>The Age of Railways - 1829 </li></ul><ul><li>The Age of Electricity and Steel - 1875 </li></ul><ul><li>The Age of the Automobile - 1908 </li></ul><ul><li>The Age of IT - 1971 </li></ul><ul><li>The next Age: the post-information age? The Google Age? </li></ul>Kondratieff cycles & entrepreneurs
  • 11. Busting some myths on innovation
  • 12. Busting some myths on innovation <ul><li>Innovation rarely involves lonely inventors and is always based on legacy or reused ideas </li></ul><ul><li>Apple didn’t invent the MP3 player, or the computer, or the phone! </li></ul><ul><li>Most innovations come without “epiphanies”... </li></ul><ul><li>Innovation is in many cases explained by short-term motivations </li></ul><ul><li>The fear of ideas being stolen IS paranoia </li></ul><ul><li>We are happy with existing good ideas, not with new ideas we don’t understand! </li></ul><ul><li>Innovation has to permeate society, not to stay “ahead of its time”, in order to generate progress </li></ul><ul><li>Being idle could help a lot! Look at Newton and at Archimedes </li></ul><ul><li>The best idea is NOT sure to win! </li></ul><ul><li>The future never enters the present in the shape of a finished product! </li></ul>
  • 13. Entrepreneurial functions The “4A” List <ul><li>Aggregation </li></ul><ul><li>Arbitrage </li></ul><ul><li>Advancement </li></ul><ul><li>Ambiguity </li></ul>A is All Action!
  • 14. Types of entrepreneurs
  • 15. Entrepreneur or small business owner? <ul><li>Some entrepreneurship theorists claim entrepreneurship requires a high degree of innovation </li></ul><ul><li>As such, they consider some business owners (particularly in the case of small standard service businesses) not being true entrepreneurs </li></ul>
  • 16. Aspirations vs. Abilities
  • 17. Types of entrepreneurs <ul><li>Traditional Entrepreneurs </li></ul><ul><li>Netrepreneurs </li></ul><ul><li>Intrapreneurs </li></ul><ul><li>Social Entrepreneurs </li></ul><ul><li>Political Entrepreneurs </li></ul><ul><li>Knowledge Entrepreneurs </li></ul><ul><li>More Entrepreneurs </li></ul>
  • 18. 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.
  • 19. From IDEA to OPPORTUNITY <ul><li>The myth about creativity </li></ul><ul><li>Trending ideas </li></ul><ul><li>Generating big ideas on demand </li></ul><ul><li>How to determine the need for an idea </li></ul><ul><li>Opportunity recognition </li></ul><ul><li>Business planning </li></ul>
  • 20. The Crisis: in Chinese... ... it spells opportunity!
  • 21. It all depends how you look at it...
  • 22. (or Google search) Profile: www.ghenea.ro
  • 23. Entrepreneurship, Innovation and New Business Ventures Professor with Maastricht School of Management, EMBA program
  • 24. <ul><li>Q&A </li></ul>