Download - Google hangout 10may2013-insideiim
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Innovation & Entrepreneurshipin the Global Economy
Drs. William Verdini & Shalini UrsMYRA School of Business
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Who wants to be an entrepreneur?Kaun Banega Croropati (KBC)
Three Life Lines:
I. Call a friend – family, friends, fools provide financing
• 1250 SBA guaranteed loans from the top 25 lenders
• 100 investments by venture capital firms
• 500,000 small businesses in AZ
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MSME serviced by Banks in India
No. of MSMEs in India – 2.6 croresNo. of MSMEs serviced by PSUs -102,550No. of MSMEs serviced by foreign banks - 1637
just 0.4 %
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Who wants to be an entrepreneur?Kaun Banega Croropati (KBC)
Three Life Lines:I. Call a friend
II. Poll the audience – in business for customers. Research the market.
http://www.myra.ac.in/www.myra.ac.in/
Who wants to be an entrepreneur?Kaun Banega Croropati (KBC)
Three Life Lines:I. Poll the audience
II. Call a friend
III. Fifty-fifty – still even chance of success
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Creative/Entrepreneurial Individuals
• see something different in same information everyone else sees – find similarities among differences and differences among similarities
• do the unexpected sometimes, but not always
• are NOT born that way.James L. Adams in his book Conceptual Blockbusting says “… for most of us, creativity is
more of a dull glow than a divine spark. And the more fanning it receives, the brighter it will burn.”
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No typical entrepreneur!• Come in all shapes, sizes, educational
levels• Dhirubhai Ambani founder of Reliance Industries
Limited (RIL)
• ‘Rajah of Retail’ Kishore Biyani
• Jay Thiessens runs a $5 million company and can’t read. [The Arizona Republic, 6/9/99, p. E2.]
• We are all entrepreneurs – risk takers• Who drove/rode here today?
• Who has purchased a lottery ticket?
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SPIRIT brought on by a non-business goal
• Personal Challenge – opening the jar of pickle
• Desire for Change
• Application of Knowledge
• Independence Impulse – fear and responsibility
• Doing the Dream
• Optimist – sees glass half full
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Five Routes to Success• Achieving• Selling• Managing• Idea generating• Financing
Adapted fromThe 4 routes to Entrepreneurial Success, John B. Miner
Personal Achievers, Supersalespeople, Real Managers, Expert Idea Generator
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I. VISION - Alice's Adventures in Wonderland, Lewis Carroll
II. PLANNING - Just-So Stories, Rudyard Kipling
III. PERSISTENCE - The Men That Don't Fit In, Robert W. Service
A Poetic Approach to Entrepreneurship
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I. VISION - Alice's Adventures in Wonderland, Lewis Carroll
II. PLANNING - Just-So Stories, Rudyard Kipling
III. PERSISTENCE - The Men That Don't Fit In, Robert W. Service
A Poetic Approach to Entrepreneurship
http://www.myra.ac.in/www.myra.ac.in/
Where do we want to be?
“Would you tell me, please, which way I ought to go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
“I don't much care where,” said Alice. “Then it doesn't matter which way you
go,” said the Cat.
From Chapter VI Pig and Pepper, Alice's Adventures in Wonderland, Lewis Carroll
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I. VISION - Alice's Adventures in Wonderland, Lewis Carroll
II. PLANNING - Just-So Stories, Rudyard Kipling
III. PERSISTENCE - The Men That Don't Fit In, Robert W. Service
A Poetic Approach to Entrepreneurship
http://www.myra.ac.in/www.myra.ac.in/
The Plan AnswersALL of the Questions
I keep six honest serving-men(They taught me all I knew);
Their names are What and Why and When
And How and Where and Who.
From Just-So Stories, Rudyard Kipling
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I. VISION - Alice's Adventures in Wonderland, Lewis Carroll
II. PLANNING - Just-So Stories, Rudyard Kipling
III. PERSISTENCE - The Men That Don't Fit In, Robert W. Service
A Poetic Approach to Entrepreneurship
http://www.myra.ac.in/www.myra.ac.in/
III. Persistence
It's the steady, quiet, plodding ones
Who win in the lifelong race.
The Men That Don't Fit InRobert W. Service
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III. Persistence
Calvin Coolidge
Nothing in the world can take the place of persistence.
Talent will not; nothing is more common than unsuccessful men with talent.
Genius will not; unrewarded genius is almost a proverb.
Education will not; the world is full of educated derelicts.
Persistence and determination alone are omnipotent.
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How is MYRA responding?
• What modes of learning work?• How do we change?• What are the impediments to change?• How can we facilitate student transition to the
workplace — where lecture is not the norm?• How can we promote life-long learning? What is
life-long learning?• How can we build sustainable businesses sensitive
to the Triple Bottom Line?• How do we benefit India and the world?
http://www.myra.ac.in/www.myra.ac.in/Ref. ASU College of Technology and Innovation
• CREATE …• SOLVE …• MAKE …
something to our world.
At MYRA, today I will
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Global Faculty
Cutting Edge Curriculum
Partnerships
World class infrastructure
MYRA offeringsPGDM* & PGPX
*AICTE Approved
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MYRA Campus
1 3ImagineA campus designed to foster innovation and inspiration
LearnAccess to state of the art knowledge resources and tech.
2 4CollaborateAn environment that fosters networking with peers & partners
QuestionThe unorthodox design forces the mind to question status quo
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