“entrepreneurs change the world!”
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“Entrepreneurs Change The World!”. Emprendedor XXI Madrid Launchpad 2009 Professor Alan Barrell – Entrepreneur in Residence – Cambridge University Centre for Entrepreneurial Learning. A Preview. Eye on The World and the Financial Crisis Heroes – Large and Smaller - PowerPoint PPT PresentationTRANSCRIPT
““Entrepreneurs Change The Entrepreneurs Change The World!”World!”
Emprendedor XXIEmprendedor XXI
Madrid Launchpad 2009Madrid Launchpad 2009
Professor Alan Barrell – Entrepreneur in Professor Alan Barrell – Entrepreneur in Residence – Cambridge University Centre for Residence – Cambridge University Centre for
Entrepreneurial LearningEntrepreneurial Learning
A Preview
Eye on The WorldThe World and the Financial CrisisFinancial Crisis Heroes – Large and Smaller Are Entrepreneurs Entrepreneurs Different ? Being an EntrepreneurEntrepreneur And then there is Technology – Wow ! Technology – Wow ! The InternationalInternational Dimension Networks, Networks, Networks !Networks, Networks, Networks ! Show Me the Money $$!the Money $$! Messages Messages forfor Missionaries Missionaries
Casting an Eye on the World’s Financial Crisis – What’s changed ?
Who said these words and When
“I believe the banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered”
Who said these words and When
“I believe the banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered”
Thomas Jefferson 1778
And what about these…
“The budget should be balanced, the Treasury should be replenished, Public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest our Nation become bankrupt. People must again learn to work, instead of living on public assistance”
And what about these…
“The budget should be balanced, the Treasury should be replenished, Public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest our Nation become bankrupt. People must again learn to work, instead of living on public assistance”
Marcus Cicero 55 BC
Situations are what WE make them !....
It was the bestbest of times, it was the worstworst of times….It was the age of wisdom,wisdom, it was the age of foolishnessfoolishness..It was the epoch of belief,belief, it was the epoch of incredulityincredulity
It was the season of Light,Light, it was the season of DarknessDarkness
It was the spring of hopehope, it was the winter of despairdespair….We had everything everything before us, we had nothingnothing before usWe were all going direct to heavendirect to heaven, we were all going
direct to “the other place”“the other place”
Charles Dickens – “A Tale of two Cities” 1859
Global Financial Crisis - How did one survive…. before affluence became commonplace?....
But - think BoomBoom ….not Gloom….many successful businesses startedstarted in
recessions….
“I started the Cobra Beer Company in a deep Recession – and it proved to be the best time for me….introducing something innovative and exciting changed the way people thought about Indian Food and Beer”
Lord Karan Bilimoria
Founder – Cobra Beer
Timing can be everything….Is the time right to make the Entrepreneurial
move?....
““There is nothing more powerful than There is nothing more powerful than an Idea whose time has come……”an Idea whose time has come……”
Jules Verne
This strange looking team also started in a recession….but got their timing right
And in 30 years, became a powerful engine of Growth, Change and Innovation – their
ideas changed the World….
Microsoft Corporation, 1978
But the eye on the World shows lotslots of changes….its not just the finances….
The Changing Horizon
EnvironmentIssues
The death ofdeference
New employmentpatterns
Organisations
Globalisation
Technology
Changes in Industrial Structure - UK% of Total Employment - UK Government Foresight Report
0
10
20
30
40
50
60
70
80
90
100
1971 1981 1991 2001 2011
Manufacturing
All Services
Changes in Industrial Structure - Europe% of Total Employment
0
10
20
30
40
50
60
70
80
90
100
1971 1981 1991 2001 2011
Manufacturing
All Services
Global Dynamics – Manufacturing has Migrated
Two fifths of the Worlds people live in the two fastest growing large economies – China and India
Education, Wealth Creation and New Knowledge are at the heart of Economic Planning in Asia
Growth in Asia is far ahead of Europe.
Dynamic Growth in Manufacturing Base
CASH is in place in the Asian economies – as well as brainpower- China has US$ 2 Trillions of reserves
Labour and Material cost advantages +++++
Sources of Competitiveness
Creativity Risk
Speed Reputation
Cost Values
Learning Information
Wherever Competition comes from….things can change fast – Today’s Peacock can be
Tomorrow’s Feather Duster !
And then there is Technology - Impact of the Continuous Technology Revolution
Compared to an average DAY in 2003….
All international phone calls1971
All airline passengers1975
All mobile phones 1984
All emails 1992
All SMS1998
Source: Analysys, World Bank and ITU
And Technologies are working together -Three Pervasive and ConvergingConverging Technology
Platforms
BIO TECHPharmaceuticals
DiagnosticsResearch/Info
ToolsIndustrial
GenomicsBioinformatics
Proteomics
INFO TECHHardwareSoftware
Communications
NANO TECHElectricalStructural
BiomedicalEnergy & Environment
BiosensorsBiochipsBioelectronics
MicrofluidicsNanobiotechnology
Drug Delivery
NanodevicesNanosensors
Nanoelectronics
What about those HEROES ?HEROES ? Where shall we begin?
A Spanish Business Angel….Who helped our Hero Christopher
An Imaginitive Hero….
Einstein on IMAGINATION….
“Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world”
Albert Einstein 1879 - 1955
Pericles – “First Citizen of Athens” – Soldier,
Thinker, Leader, “Culture, Beauty, Glory”
Aristotle – Plato – “Before their time – Thinkers, Philosophers, Leaders”
Confucius and “imagining the middle way”….
Francisco Pizarro
Pedro de Valdivia - founding of Santiago de Chile
Mr Tan Kah Kee
Hero of Xiamen
University
““To get rich is To get rich is GLORIOUS”GLORIOUS”
Deng Xiaoping 1982
A more recent Chinese Hero
A REAL Hero….he changed the WORLD ! From a prison cell
A Hero’s Home for 18 Years….Could WE have survived it ?
Heroes can show Humility
“Be the Change you
want to see in the World”
Mahatma Ghandi
Innovators can be Heroes unexpectedly….
Who gave us the Worldwide Web – The Internet ? It was as recently as 1992….
An Idea that became a Reality and changed the World….changed the World….
WhyWhy did he make his Innovation?.....
“You look at things and ask - why?
but I dream of things that never
were and ask -
George Bernard Shaw
why not?”
So - thinking of Imagination….What’s different about EntrepreneursEntrepreneurs ?
Europe’s Entrepreneurial Imperitive – Josef Schumpeter - 1911
“Entrepreneurs blow gales of creative destruction.”
Role of the entrepreneur in transforming economies by developing:
New products New methods of production New ways of organizing Untapped raw materials Enhanced competitive performance
Being an Entrepreneur means Being an Entrepreneur means being different and bringing being different and bringing changechange
The drivers for change….Socio-Political….Entrepreneurial Influence ??....
(Prof Shai Vyakarnam – Cambridge 2008)
Berlin WallHasselhof China
India MigrationsWithin and intoEurope
SingleEconomic system
Completely new marketsIs there a shift in
economic centre of gravity?
More examples….Entrepreneurship and People / Society
Making a united Europe a reality
Transforming lives of the poor
Democratising knowledge – “Education Without Borders” – “Liberate Minds”
Creating breakthrough technology enterprises
Familiar Face….
As a younger man - Charles Darwin – “Natural Selection Adaptability and Survival” Darwin’s
Bicentenary this year. A “Naturalist Entrepreneur”
Darwin’s Theories -Natural Selection, Adaptation, Symbiosis Synergy and Service
Delivery
What works for meat ants and leaf hoppers
Can be true for
Companies and
Business Models?
Proximity of Learning, Research and Practical Application
“The Innovation Campus”
R&D Education
Applications
Where open innovation new ideas and new companies can thrivethrive
Can we complete the Jig Saw - by putting technology to work
TechnologyCustomer
need
Innovative service
company
Completing the Jigsaw – Service Delivery Innovation Business Model
TechnologyCustomer
need
Innovative service
company
Creating a Business Opportunity by finding and
alleviating a pain – developing innovative services or designs –
Entrepreneurs at work!
Technology and Service Companies and Synergy – Open Innovation and the “Innovation Campus”
HEALTH
KNOWLEDGE CREATION
INFORMATION and COMMUNICATIONS
TECHNOLOGY
Basic Research
Sound & vision
Bio-pharmaceuticalsComputing
Publishing
Medicalservices
Bio-informatics
Medical devices and scientific instruments
University/ Research Institutes
Inkjet printing
Wireless
Telecoms
Networking
Technology ConsultingMedicalresearch
Education
Entrepreneurial Overlap – “Joined Up Thinking and Actions” – Coherence and Common Purpose in
Communities
EDUCATION&
RESEARCHincluding Universities
INDUSTRY&
BUSINESS
GOVERNMENTNational & Local
Funding Innovative Companies – “Show me the Money $$$$!”
Maturity
Risk
“Our Money”“Our Money”
Family and Friends and FoolsFamily and Friends and Fools
Business AngelsBusiness Angels
Early Stage VCEarly Stage VC
Expansion CapitalExpansion Capital
B
A
N
K
F
I
N
A
N
C
E
??
Seed FundsSeed Funds
Pre-IPOPre-IPO
And there are Grants
and Tax Credits
“How do we get to the money ? Where is the $$$$ trail ?” Connecting and Information
Points and Principles
Networks and Networking – importance +++++ Business Schools and Entrepreneurship Centres Region
wide and cross border Other Entrepreneurs / Support and Mentoring Structures Online Channels – numerous eg…. www.funded.com “Network Nodes” – Individual referrals Cross Border contacts Attitudes and Culture France and it’s Wealth Tax….Thank you M. Sarkosy ! Is our presentation material aimed at the investors ?the investors ? Have we studied the investors criteria ?investors criteria ?
Show me the MONEY! – So maybe we can we find Show me the MONEY! – So maybe we can we find investors hanging out here?....investors hanging out here?....
The Early Stage Business Balance – what do investors look for? In ANY innovative
company ? – Entrepreneurs take note….
And they like to see experienced Chairman and Directors - Mentors for Innovative Companies
Inspired Leadership
Enthusiasm
Bullshit
Courage
OptimismVision
Creativity
Management
Research & Analysis
Caution
Process
Financial Control
Market Knowledge
Best Wishes to allall EmprendedorsEmprendedors
in Spain from your friends in Cambridge !
WELCOME – to All who will attend!
11th Year 2009
MessagesMessages for Missionaries and Missionaries and EmprendedorsEmprendedors
IMAGINE AND HAVE VISIONCREATE
INNOVATEINVENT
“WORLDTHINK” – GLOBAL VIEWACQUIRE KNOWLEDGEPLAN AND PRACTICE
NETWORK! NETWORK!INSPIRE OTHERS
TRUST AND RESPECTENJOY!
In In Pursuit of Excellence ! of Excellence !
“Excellence can be achieved, if we:Care more than others think is wise,Risk more than others think is safe,
Dream more than others think is practical,
Expect more than others think is possible.”
Deborah Johnson-Ross
Maybe Entrepreneurs think this way?....Innovative Service Companies need to if they are to Excel….
