v2b Week2 Slides Upload

8/8/2019 v2b Week2 Slides Upload

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Turning first class ideas into world class businesses

www.spark.auckland.ac.nz


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Overview

Entrepreneurial mindReview

Do you have what it takes?

Guest speaker


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The Entrepreneurial Process

Opportunity

(2)

Resources

(4)

Team

(3)

Creativity Leadership

Communication

Business Plan

Fits and gaps Ambiguity Exogenous forces

Capital market contextUncertainty

Founder (1) Timmons & Spinelli 2007


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Entrepreneurship is a way ofthinking, reasoning, and acting thatis opportunity obsessed, holistic in

approach and leadership balanced.Timmons & Spinelli (page 79)


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Entrepreneurship is a way of thinking,reasoning, and acting that is opportunityobsessed, holistic in approach andleadership balanced.

Timmons & Spinelli (page 79)

Question: How does this definition apply toBill Day ?

Discuss with the person sitting next to you


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At the heart of the entrepreneurial process is thefounder: the opportunity seeker, the creator andinstigator; the leader, problem solver, and motivator;the strategizer and guardian of the mission, values andculture of the venture. Without this human energy,drive, and vitality, the greatest ideas even when theyare backed by an overabundance of resources and staff

will fail, grossly underperform, or simply never get offthe ground.

Timmons & Spinelli p. 1


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Quote continued ..

Brilliant musical, scientific or athletic aptitude andpotential do not equal the great musician, the greatscientist, or the great athlete. The difference lies in theintangible: creativity and ingenuity, commitment,tenacity and determination, a passion to win and excel,and leadership and team-building skills

(Timmons & Spinelli, p. 1)


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Founder: Desirable and Acquirable Attitudes and

Behaviors

Commitment and determination

Leadership

Opportunity obsession

Tolerance of risk, ambiguity, and uncertainty

Creativity, self-reliance, and adaptability

Motivation to excel


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Entrepreneurial Attributes

CORE ATTRIBUTES

Commitment and

Determination;Leadership

Opportunity Obsession;

Tolerance of Risk,

Ambiguity, and Uncertainty;

Creativity, Self-Reliance,

and Adaptability;Motivation to Excel

Intelligence

Capacity

toInspire

DESIRABLE ATTRIBUTES

Creativity

and

Innovativeness

Values

Energy, Health, and

Emotional Stability


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Non Entrepreneurial Attributes- being macho- impulsive- antiauthoritarian- know it all

- perfectionist

CORE ATTRIBUTES

Commitment and

Determination;Leadership

Opportunity Obsession;

Tolerance of Risk,

Ambiguity, and Uncertainty;

Creativity, Self-Reliance,

and Adaptability;Motivation to Excel

Intelligence

Capacity

toInspire

DESIRABLE ATTRIBUTES

Creativityand

Innovativeness

Values

Energy, Health, and

Emotional Stability


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Meaning

How will your business idea

- Increase the quality of life?

or

- Right a wrong

or

- Prevent the end of something good?


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Entrepreneurship IS a Contact Sport


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Review: Entrepreneurial Process

It is opportunity driven It is driven by a lead entrepreneur and an

entrepreneurial team

It is resource parsimonious and creative

I

t depends on the fit and balance among these It is integrated and holistic

It is sustainable


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Resources: Week 2

The art of the start : the time-tested, battle-hardenedguide for anyone starting anything by Guy Kawasaki

SHORT LOAN(2 Hour) - Kate EdgerInformation Commons(Level 1)CallNumber:658.11 K22

http://edcorner.stanford.edu/index.html;jsessionid=B43BC0B133BC9721C49EDF05275CB408

New Venture Creation by Timmons & Spinelli

Map $20: Purchase Week 2 & 3 V2B


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Guest Speaker


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Next week: idea to opportunity

2008 CJD Associates

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