Everything You Never Wanted to Know About Entrepreneurship

Matt's lesson, part of the new EEW enterprise education PGCE module. This session covers entrepreneurial skills and how they've been defined from different authors perspectives, it also discusses the difference between enterprise and entrepreneurship, showcases CfEL's model from Glyndwr and finally signposts to some specific resources.

Transcript

1. Everything… You Never Wanted to Know About Entrepreneurship © Matthew C. Draycott І 2011 Wednesday, 25 January 12
2. Present history of entrepreneurial academia to introduce different ideas which have influenced the definition this term. Wednesday, 25 January 12
3. Discuss the relationship between enterprise and entrepreneurship. Present history of entrepreneurial academia to introduce different ideas which have influenced the definition this term. Wednesday, 25 January 12
4. Discuss the relationship between enterprise and entrepreneurship. Present history of entrepreneurial academia to introduce different ideas which have influenced the definition this term. Introduce my model of enterprise skills and the linked andragogy. Wednesday, 25 January 12
5. Discuss the relationship between enterprise and entrepreneurship. Present history of entrepreneurial academia to introduce different ideas which have influenced the definition this term. Introduce my model of enterprise skills and the linked andragogy. Signpost to resources for delivering enterprise and entrepreneurial education experiences. Wednesday, 25 January 12
6. What Does Entrepreneurship Mean to You? Wednesday, 25 January 12
7. J. B. Say: 1767-1832
   S a y c o i n e d t h e t e r m "entrepreneur" in around 1805 emphasising the vital and creative role of the entrepreneur in the economy. Wednesday, 25 January 12
8. 
   entreprendre: to start something Wednesday, 25 January 12
9. 
   entrepreneurs: people who start things! Wednesday, 25 January 12
10. 
    J. Schumpeter: 1833-1950
    D e f i n e d t h e r o l e o f t h e entrepreneur as one of combining various input factors in an innovative manner to generate value. Wednesday, 25 January 12
11. 
    Themes? Wednesday, 25 January 12
12. 
    Themes? Resources Wednesday, 25 January 12
13. 
    Themes? Resources Creativity Wednesday, 25 January 12
14. 
    Themes? Resources Creativity Value Wednesday, 25 January 12
15. 
    Themes? Resources Creativity Value Innovation Wednesday, 25 January 12
16. P. Drucker: 1909 - 2005 The behaviour of the entrepreneur reflects a person willing to put their security on the line and take risks in the name of an idea, spending time and/or capital on uncertain ventures. Wednesday, 25 January 12
17. Israel Kirznir: 1930 Kirzner saw the entrepreneur as an “alert profit-seeker” an individual, motivated by profit opportunities who develops the ability to notice, without search, opportunities that have been overlooked. Wednesday, 25 January 12
18. 
    Themes? Wednesday, 25 January 12
19. 
    Themes? Risk Wednesday, 25 January 12
20. 
    Themes? Risk Ideas Wednesday, 25 January 12
21. 
    Themes? Risk Ideas Opportunities Wednesday, 25 January 12
22. Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Wednesday, 25 January 12
23. Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control Wednesday, 25 January 12
24. Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Wednesday, 25 January 12
25. Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguity Wednesday, 25 January 12
26. Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguity Need for autonomy Wednesday, 25 January 12
27. Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguity Need for autonomy The capacity for endurance Wednesday, 25 January 12
28. Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguity Need for autonomy The capacity for endurance Need for achievement Wednesday, 25 January 12
29. Trait Theory 1980’s – 1990’s McLelland, Brockhaus, Davidson Internal locus of control High for propensity risk-taking Tolerance of ambiguity Need for autonomy The capacity for endurance Need for achievement Competitive mind… Wednesday, 25 January 12
30. 
    Behavioural Approach 1990’s onwards
    Timmons (1994) perception of entrepreneurial mind; He describes entrepreneurial mind, which means the attitudes and behaviours of successful entrepreneurs Wednesday, 25 January 12
31. 
    Themes? Wednesday, 25 January 12
32. 
    Themes? Drive Wednesday, 25 January 12
33. 
    Themes? Drive Achievement Wednesday, 25 January 12
34. 
    Themes? Drive Achievement Control Wednesday, 25 January 12
35. 
    Themes? Drive Achievement Control Social Value Wednesday, 25 January 12
36. 
    Themes? Drive Achievement Control Social Value …Attitudes and Behaviours Wednesday, 25 January 12
37. 
    The Opportunity Era…? Wednesday, 25 January 12
38. Timmons (1989) It is the knack for sensing an opportunity where others see chaos, contradiction and confusion. (p1) Wednesday, 25 January 12
39. Timmons (1989) It is the knack for sensing an opportunity where others see chaos, contradiction and confusion. (p1) Bygrave (1989) defines an entrepreneurial process as one which involves: all the functions, activities, and actions associated with the perceiving of opportunities and the creation of organisations to pursue them. (p28) Wednesday, 25 January 12
40. Timmons (1989) It is the knack for sensing an opportunity where others see chaos, contradiction and confusion. (p1) Bygrave (1989) defines an entrepreneurial process as one which involves: all the functions, activities, and actions associated with the perceiving of opportunities and the creation of organisations to pursue them. (p28) Signh (2000) Entrepreneurs find and exploit opportunities by taking advantage of economic disequilibria by knowing or recognising things that others do not. (p5) Wednesday, 25 January 12
41. Timmons (1989) It is the knack for sensing an opportunity where others see chaos, contradiction and confusion. (p1) Bygrave (1989) defines an entrepreneurial process as one which involves: all the functions, activities, and actions associated with the perceiving of opportunities and the creation of organisations to pursue them. (p28) Signh (2000) Entrepreneurs find and exploit opportunities by taking advantage of economic disequilibria by knowing or recognising things that others do not. (p5) Shane and Venkataraman (2000) …the nexus of two phenomena: the presence of lucrative opportunities and the presence of enterprising individuals. (p218) Wednesday, 25 January 12
42. Questions: Wednesday, 25 January 12
43. Questions: Would you change your original definition? Wednesday, 25 January 12
44. Questions: Would you change your original definition? Do you now know where some of the elements in your definition come from? Wednesday, 25 January 12
45. Entrepreneurship and Enterprise…what’s the link? Wednesday, 25 January 12
46. Shane and Venkataraman “entrepreneurship is the presence of lucrative opportunities and the presence of enterprising individuals” Entrepreneurship and Enterprise…what’s the link? Wednesday, 25 January 12
47. Shane and Venkataraman “entrepreneurship is the presence of lucrative opportunities and the presence of enterprising individuals” Enterprising People share certain skills, attitudes and behaviours. Entrepreneurship and Enterprise…what’s the link? Wednesday, 25 January 12
48. Shane and Venkataraman “entrepreneurship is the presence of lucrative opportunities and the presence of enterprising individuals” Enterprising People share certain skills, attitudes and behaviours. Entrepreneurship and Enterprise…what’s the link? These include many of the themes already presented! Wednesday, 25 January 12
49. Shane and Venkataraman “entrepreneurship is the presence of lucrative opportunities and the presence of enterprising individuals” Enterprising People share certain skills, attitudes and behaviours. Entrepreneurship is a role of economic agency engaged in by some enterprising people. Entrepreneurship and Enterprise…what’s the link? These include many of the themes already presented! Wednesday, 25 January 12
50. What Enterprise Skills are you using / delivering? Wednesday, 25 January 12
51. Wednesday, 25 January 12
52. Wednesday, 25 January 12
53. Specialists Websites Business Link: http://www.businesslink.gov.uk Shell LiveWire: http://www.shell-livewire.org FlyingStart: http://www.flyingstartonline.com TED: http://www.ted.com Games and Simulations SimVenture: http://www.simventure.co.uk The Small Business Game: http://www.sport4life.biz Xing: http://www.workingknowledge.org.uk/working-with-universities/xing Online Tests General Enterprising Tendency v2 Test: http://www.get2test.net/test/index.htm MBTI Test: http://www.humanmetrics.com/cgi-win/JTypes2.asp Resilience Test: https://www.testyourrq.com Enterprise Catalyst: https://www.enterprisecatalyst.co.uk E-Learning Make it Happen: http://www.iwanttomakeithappen.tv EnterprisingYou: http://www.enterprisingyou.co.uk Wednesday, 25 January 12