introduction to entepreneurship me2603 kth

WELCOME

2603 ENTREPRENEURSHIP 2015

Serdar TemizKTH, Royal Institute of Technology, Stockholm

www.serdartemiz.com @serdar_temiz

Serdar Temiz (Course Director, Lecturer) serdar_temizPhD Candidate @KTH Indek & @European Institute of Innovation and Entrepreneurship, Chairman of Open Knowledge Sweden, Founder of ScienceBacker AB, MSc ICT Entrepreneurship, MBA, MA in Communication for DevelopmentPreviously Software Developer/Business DeveloperCourse AssistantLeon Trang tltrang@kth.seSenior ME2603Terrence Brown (Examiner) terrence@kth.se

Course Overview

Assignments

Literature/ Readings

Offline/Online ActivitiesFinal Exam

Guests

Lectures

Online & Outside Class Activity

(20%)

Written /Oral Assignments

(50%)

Individual contribution

(10%)

Final Exam (20%)

Online & Offline ActivitiesJoin: ‘KTH Entrepreneurship 2603 – 2015’ Linkedin Group.Start Blog at www.intopreneur.comTwitter: #ME2603 #entrepreneurship #innovation@serdar_temiz #kth #kthuniveristy etc.Collect 5x Feedback for your Idea (individual):Join at least 2x Startup Events: Assignment (individual):Help a Startup (individual)Lesson Learned (individual)

Why do I need to be active online?Can I twit during lecture?

Final Exam

The exam includes multiple-choice and open-ended questions No notes or computers, phones, or devices of any kind are allowedAll handbags, backpacks, books, and devices must be closed and put awayNotice: Final Exercise Date!

Individual Contributon

• Do do you contribute to class learning?• Do you help your friends both online and

offline?• Do you come prepeared?• Listen and built up each others idea.• “I feel” syndrome

You need to form a team

• Diversity is the key!• You can steal another team member!• You can leave a team any time you want!(notice! consequences)

• You can NOT be without a team!• Team members will decide which idea to

continue!

• Gregg Vanourek- Author, Lecturer• Karin Nilsdotter-SpaceportswedenCatrhrine • Roxane Jurkovskaja –Sandbox• Micael Widell, CTO and Co-founder of fyndiq.com• Dennis Hettema CIO of Nordnet…and more

Guests

Lets make list of words that are

related to entrepreneurship

Can anyone be entrepreneur?

YES NO

Entrepreneurs are Optimistic

YES NO

Example

• Pessimistic• Optimistic

Zamzam

Votka

Soda

Orange Juice

Entepreneur

Which One is an Entrepreneur?Google Founder Pizza Shop Owner

WHY?

Difference

innovation-driven enterprisesVS

small medium enterprises

• * Aulet & Murray, “A Tale of Two Entrepreneurs: Understanding Differences in the Types of Entrepreneurship in the Economy,” Kauffman Foundation, May 2013

* Aulet & Murray, “A Tale of Two Entrepreneurs: Understanding Differences in the Types of Entrepreneurship in the Economy,” Kauffman Foundation, May 2013

What is Entepreneurship?

The process of coordinating resources to exploit or take advantage of opportunities that exists in the market or are created by innovation in an attempt to create value. (Brown, 1994)

(one of many definitions)

Serdar Temiz temiz@kth.se 2014

Entrepreneurship is about

• Creating value• Finding Opportunity window• In current or new markets• Providing solution• Innovation• Market/Customer fit

Serdar Temiz temiz@kth.se 2014

What Entepreneur Do?

• Feels / Finds a Pain/ Opportunity window• Creates a Solution Can you tell me something that you own or use but do not need?

Serdar Temiz temiz@kth.se 2014

What Entepreneurs do- in detail

1-Feels / Finds a Pain/ Opportunity window2-Propose a Hypothesis/ a Value

– An unproven proposition– A possible solution to a problem– Guess

3-Test it 4-iterate to 1 until it proves to meet customer expectation 5-Provide Solution and scale it

Serdar Temiz temiz@kth.se 2014

Where Entepreneur Jumps in?

product / service

need/ expectation

WHY ENTREPRENEURSHIP?

Turnover Rate in Fortune 500

• Dane Stangler and Sam Arbesman WHAT DOES FORTUNE 500 TURNOVER MEANSerdar Temiz temiz@kth.se 2013

FORTUNE 500

“Two thirds of the original 1955 list was gone within three decades” William Shanklin*

The rate at which large American companies left the Fortune 500 increased four times between 1970 and 1990 a change of almost 50% from the 1999 Fortune 500 to the 2009 Fortune 500

John Micklethwait & Adrian Wooldridge,*

• *(cited in Dane Stangler and Sam Arbesman WHAT DOES FORTUNE 500 TURNOVER MEAN)

Serdar Temiz temiz@kth.se 2014

Serdar Temiz temiz@kth.se 2014

Serdar Temiz temiz@kth.se 2014

EUBAROMETER -Flash Eurobarometer European CommissionSerdar Temiz temiz@kth.se 2014

We have many problemsthat YOU can solve!World needs you!

WHY THIS COURSE?

Serdar Temiz temiz@kth.se 2014

Flash Eurobarometer 354 , OEDC Commission 2012Serdar Temiz temiz@kth.se 2014

Percentage of Non Employeers and micro firms

Serdar Temiz temiz@kth.se 2014

I can not be an entrepreneurBECAUSE...

Serdar Temiz temiz@kth.se 2014

I am too Young!

Zach Mark, The 12-year-old, got kicked off Facebook -- twice -- for violating the age restriction

Serdar Temiz temiz@kth.se 2014

Serdar Temiz temiz@kth.se 2014

I am too Old !

Linkedin Founder was 36 years oldAvarage Age of entepreneurship is: 40!*

*http://www.kauffman.org/what-we-do/research/2010/05/the-anatomy-of-an-entrepreneur

and in Sweden?

EUBAROMETER -Flash Eurobarometer European Commission

Serdar Temiz temiz@kth.se 2014

I am not drop out...

EUBAROMETER -Flash Eurobarometer European Commission

I have no experience

But founded Facebook!

Never worked at a company beforeJust knew some PHP and MySQL

Serdar Temiz temiz@kth.se 2014

Entrepreneur does not find any excuse!

Serdar Temiz temiz@kth.se 2014

Entrepreneurs Dare to..https://www.youtube.com/watch?v=GA8z7f7a2Pk

Serdar Temiz temiz@kth.se 2014

Serdar Temiz

THANK YOU!And HAVE FUN!”SKY IS NOT the LIMIT”

www.serdartemiz.com @serdar_temiz