google hangout 10may2013-insideiim

http://www.myra.ac.in/www.myra.ac.in/

Innovation & Entrepreneurshipin the Global Economy

Drs. William Verdini & Shalini UrsMYRA School of Business

http://www.myra.ac.in/


So YOU want to be an Entrepreneur!



Who wants to be an entrepreneur?Kaun Banega Croropati (KBC)

Three Life Lines:

I. Call a friend – family, friends, fools provide financing

• 1250 SBA guaranteed loans from the top 25 lenders

• 100 investments by venture capital firms

• 500,000 small businesses in AZ



Getting loans from Banks is NOT EASY



MSME serviced by Banks in India

No. of MSMEs in India – 2.6 croresNo. of MSMEs serviced by PSUs -102,550No. of MSMEs serviced by foreign banks - 1637

just 0.4 %




Three Life Lines:I. Call a friend

II. Poll the audience – in business for customers. Research the market.




Three Life Lines:I. Poll the audience

II. Call a friend

III. Fifty-fifty – still even chance of success



Creative/Entrepreneurial Individuals

• see something different in same information everyone else sees – find similarities among differences and differences among similarities

• do the unexpected sometimes, but not always

• are NOT born that way.James L. Adams in his book Conceptual Blockbusting says “… for most of us, creativity is

more of a dull glow than a divine spark. And the more fanning it receives, the brighter it will burn.”



No typical entrepreneur!• Come in all shapes, sizes, educational

levels• Dhirubhai Ambani founder of Reliance Industries

Limited (RIL)

• ‘Rajah of Retail’ Kishore Biyani

• Jay Thiessens runs a $5 million company and can’t read. [The Arizona Republic, 6/9/99, p. E2.]

• We are all entrepreneurs – risk takers• Who drove/rode here today?

• Who has purchased a lottery ticket?



SPIRIT brought on by a non-business goal

• Personal Challenge – opening the jar of pickle

• Desire for Change

• Application of Knowledge

• Independence Impulse – fear and responsibility

• Doing the Dream

• Optimist – sees glass half full



Five Routes to Success• Achieving• Selling• Managing• Idea generating• Financing

Adapted fromThe 4 routes to Entrepreneurial Success, John B. Miner

Personal Achievers, Supersalespeople, Real Managers, Expert Idea Generator



I. VISION - Alice's Adventures in Wonderland, Lewis Carroll

II. PLANNING - Just-So Stories, Rudyard Kipling

III. PERSISTENCE - The Men That Don't Fit In, Robert W. Service

A Poetic Approach to Entrepreneurship



Where do we want to be?

“Would you tell me, please, which way I ought to go from here?”

“That depends a good deal on where you want to get to,” said the Cat.

“I don't much care where,” said Alice. “Then it doesn't matter which way you

go,” said the Cat.

From Chapter VI Pig and Pepper, Alice's Adventures in Wonderland, Lewis Carroll



The Plan AnswersALL of the Questions

I keep six honest serving-men(They taught me all I knew);

Their names are What and Why and When

And How and Where and Who.

From Just-So Stories, Rudyard Kipling



III. Persistence

It's the steady, quiet, plodding ones

Who win in the lifelong race.

The Men That Don't Fit InRobert W. Service



III. Persistence

Calvin Coolidge

Nothing in the world can take the place of persistence.

Talent will not; nothing is more common than unsuccessful men with talent.

Genius will not; unrewarded genius is almost a proverb.

Education will not; the world is full of educated derelicts.

Persistence and determination alone are omnipotent.



How is MYRA responding?

• What modes of learning work?• How do we change?• What are the impediments to change?• How can we facilitate student transition to the

workplace — where lecture is not the norm?• How can we promote life-long learning? What is

life-long learning?• How can we build sustainable businesses sensitive

to the Triple Bottom Line?• How do we benefit India and the world?


http://www.myra.ac.in/www.myra.ac.in/Ref. ASU College of Technology and Innovation

• CREATE …• SOLVE …• MAKE …

something to our world.

At MYRA, today I will



Global Faculty

Cutting Edge Curriculum

Partnerships

World class infrastructure

MYRA offeringsPGDM* & PGPX

*AICTE Approved



MYRA Campus

1 3ImagineA campus designed to foster innovation and inspiration

LearnAccess to state of the art knowledge resources and tech.

2 4CollaborateAn environment that fosters networking with peers & partners

QuestionThe unorthodox design forces the mind to question status quo



Visit MYRA at http://www.myra.ac.in



google hangout 10may2013-insideiim

Documents

men thatdont fit

lewis carrollii

rudyard kiplingiii

dont fit inrobert

common thanunsuccessful

typical entrepreneur

business forcustomers

foreign banks