Innovation and Entrepreneurship: A New Business Community Identity in Chile - 280911

Iván Vera, CEOCHILE. SEPTEMBER, 2011

INNOVATION & ENTREPRENEURSHIP

IN CHILE:Building a New Business

Community Identity

1domingo 9 de octubre de 2011

CHILE 1990!"#$%&$'()*+,-.$/+0+$1%%0

HUNGARYFRANCE CANADA MALTANETHERLANDS NORWAYUNITED KINGDOM

JAPANUSA SOUTH KOREA ITALYGERMANY SPAINCHINA

LITHUANIAMEXICO ROMANIA BELGIUMCOSTA RICA LIECHTENSTEINAUSTRIA

SWITZERLANDSWEDEN IRELAND CZECH REP.PORTUGAL FINLANDNICARAGUA

LUXEMBOURGEL SALVADOR HONDURAS POLANDSLOVAKIA DENMARKESTONIA

During 30 years, consistently, Chile has opened its economy to more than

50 countries & 80% of global GDP, through more than

40 Free Trade Agreements

& more...

HUNGARYFRANCE CANADA MALTANETHERLANDS NORWAYUNITED KINGDOM

JAPANUSA SOUTH KOREA ITALYGERMANY SPAINCHINA

LITHUANIAMEXICO ROMANIA BELGIUMCOSTA RICA LIECHTENSTEINAUSTRIA

SWITZERLANDSWEDEN IRELAND CZECH REP.PORTUGAL FINLANDNICARAGUA

LUXEMBOURGEL SALVADOR HONDURAS POLANDSLOVAKIA DENMARKESTONIA

During 30 years, consistently, Chile has opened its economy to more than

50 countries & 80% of global GDP, through more than

40 Free Trade Agreements

CHILE WAS THE FIRST NON-ASIAN COUNTRYSELECTED BY CHINA TO SIGN AN FTA (2002-2006)

more bilateral or regional trade

agreements than any other country

Once there was a chilean TV set industryIt wasn´t globally competitive. Let it die!

We began competing globally in traditional industriesthat Chile had grown for decades and in which we had advantages

We created a first class mining industry

We created a first class food industry

GLOBAL COMPETITION AND

AN OPEN ECONOMY GAVE US

MORE FOR LESS

1990: $600dls

2011: $60dls

hypercompetitive markets good for consumers

A market-oriented economy characterized by a high level

of foreign trade and a reputation for strong

financial institutions and sound policy that have given Chile the strongest sovereign bond rating in South America

CHILE 2011%-*2$34#$%&$'()*+,-.$0+5,)-$1%%0

GLOBALLY COMPETITIVE

WHAT´S NEXT?

hypercompetitive marketsput a pressure on our business margin

FIRST PROBLEM: “THE TWINS EFFECT”

so, if things keep on going that way we´ll keep on having a

bad wealth distribution

SECOND PROBLEM: “CAPITAL INTESIVE

INDUSTRIES ECONOMY”

COPPERFOOD

FORESTRYOTHERS

CHILEAN EXPORTS (%)

HYPERCOMPETITION

PRICE WAR16domingo 9 de octubre de 2011

you can say goodbye to margin

PERCEIVED VALUE PRICE TOTAL COSTS

HYPERCOMPETITION

Very low margin}

HYPERCOMPETITION

In hypercompetition, price will get indexed to total costs

Very low margin}

HYPERCOMPETITION

In hypercompetition, price will get indexed to total costs

Efficiency

THE TWINS EFFECT INFECTS MANAGERS

fighting for my market share

OF OUR MANAGERS SPEND

90%OF THEIR TIME

JUST COPYING, OPERATING & IMPROVING

WHAT DOES ALREADY EXIST19domingo 9 de octubre de 2011

GLOBAL CHANGES WILL INTENSIFY

FRECUENCY

COMPLEXITY

IMPACT

innovation

entrepreneurship

INNOVATION

MARKETCREATION22domingo 9 de octubre de 2011

CREATE VALUE and change the lifes of millions

VALUE =WHAT PEOPLE

WANTSRef.: Paul Graham, Y Combinator, Silicon Valley

REALPEOPLE

Spencer Tunick in Chile

CRYSTAL LAGOONSIDYLLIC BEACH LIFE ANYWHERE

COLD WATERS& HEAVY

A PROBLEM IS AN OPPORTUNITY

THE DREAM

SHANGHAI 2009

CEIBS: China Europe International Business School

Crystal Lagoons created relevant and unique value for the high end real estate global business

A MADE IN CHILE SOLUTIONFOR A WORLDWIDE PROBLEM

“I just can´t believe that we´re condemned to commodities”Patricio De Groote, CEO Cintac. 1995

40years

Innovation potentials were everywhere...in products, processes, suppliers, distribution networks.

Innovation is about challenging the traditional business model

INNOVATION IS ABOUT SOLVING

RESIGNED PROBLEMS

INVERTEC created a new export category in Chile38domingo 9 de octubre de 2011

CREATEWHAT PEOPLE WILL LOVE BUT TODAY THEY WON´T ASK FOR IT

A NEW & UNIQUE SOLUTION WITH HIGH PERCEIVED VALUE

Very High Margin}

Propuesta de Colaboración

THE COMMUNITY OF LARGE COMPANIES CREATED IN CHILE WHERE MANAGERS HAVE SHARED - FOR SEVEN YEARS - THEIR BEST INNOVATION MANAGEMENT SUCCESSES AND FAILURES

INNOVATIONSPEED

startupcorporate

CREATION =

FAILURE

ENTREPRENEURSVISIONARY & DREAMERGOAL ORIENTEDOBSSESIVE WORKERRISKS MANAGERCOMMUNICATORPERFECCIONIST & INCONFORMISTTOLERANT TO FRUSTRATION

YOUNG ENTREPRENEURS

Gabriel GurovichCEO, The FoodLinks

100% Entrepreneur

“In Silicon Valley, they´re not more

intelligent....they just have

better dreams”

w w w BRAZIL RUSSIAINDIAUSA CHINA

keep attention on 6 economies & its markets

GLOBALMARKETS

44.453 27.803 6.074 5.870CHINA USA INDIA JAPAN BRASIL RUSSIA UK GERMANY FRANCE ITALY

Today: Emergent - Tomorrow: The Place to Be

GROSS DOMESTIC PRODUCT, 2050 (US$ billones)

44.453 27.803 6.074 5.870CHINA USA INDIA JAPAN BRASIL RUSSIA UK GERMANY FRANCE ITALY

Today: Emergent - Tomorrow: The Place to Be

GROSS DOMESTIC PRODUCT, 2050 (US$ billones)

with the support of the Government of Chile

The world believes China is cheap labourMade in China v/s Designed in China

Fuente: National Bureau of Statics of China; McKinsey Global Institute

+80% of GDP in China will be concentrated in the

middle class

250+ MM Hab.

12+times Chile

600+ MM Hab.

35+times Chile

!(más de 29.400 USD)

!(14.701 a 29.400 USD)

!(5.901 a 14.700 USD)

!(3.701 a 5.900 USD)

!(hasta 3.700 USD)

Trend in China

Poverty is decreasing in China

US$ 50 Bill.

foods imports

*No incluye Harina de Pescado

Proyección basada en datos de 2009

Fuente: Banco Central, ChileAlimentos;

Análisis The FoodLinks

Chile will doublefold food exportsFoods Exports for human consumption 2001-2015 (US$ MM)

$10.890$10.160

$7.589

$5.738

$4.867

$13.545

$16.988

$21.494

Trend in Chile

Lácteos

Agroindustriales

Aceite de Oliva

Conservas

Congelados

Marinos

Frutos SecosFruta Fresca

Jul 2009 Dec 2010

A venture in search & permanent creation of a business model that´s:UNIQUE

INNOVATIVE

OF HIGH IMPACT

SCALABLE

ADDICTIVE

UNAVOIDABLE

startup

TODAY: CAPITAL INTENSIVE BUSINESS

500 MILLIONS

TOMORROW: TALENT INTENSIVE BUSINESSES

extraordinary talentis built and not inherited

IT´S NOT ONLY ABOUT MONEY

IT´S MORE ABOUT

TALENT62domingo 9 de octubre de 2011

!www.facebook.com/resetandstartup

100% DESIGN! 100% EXPERIENCE! 100% EMOTION

Dec 3rd, 201065domingo 9 de octubre de 2011

The New Motors for Chile´s Growth

RASU Community

Our Why: The total massificationand democratization

of global value creation

3.000 Future Startup Founders for Chile

RASU Chimkowe; Next Dec. 2nd 2011

EXTRAORDINARY

TALENT

PASSIONFOCUSDISCIPLINE

PURPOSE

10.000 HOURS68domingo 9 de octubre de 2011

CHILE 20206#$%&$'()*+,-.$/)**$0+5,)-$1%%0

“They´re not more intelligent....

they just have better dreams...

and make them happen!

THE NEW CHILEAN BUSINESS COMMUNITY IDENTITY

THE YOUNG ENTREPRENEURS

Chinese Entrepreneurs to StartUp from Chile to The Americas

RASU Zhejiang University; Oct.15.2011

WE´RE THOUSANDS MAKING IT HAPPEN

www.startupschile.org74domingo 9 de octubre de 2011

: ivanveram

ivera@innspiral.comwww.innspiral.com Iván Vera, CEO

INNSPIRAL76domingo 9 de octubre de 2011

Innovation and Entrepreneurship: A New Business Community Identity in Chile - 280911

Business

Transcript of Innovation and Entrepreneurship: A New Business Community Identity in Chile - 280911

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