By: Leilani C. Chavez - Coloma MD

Farrell as an entrepreneur

THE FARRELL COMPANY

• Larry Farrell – founder andChairman-

Goals- research HIGH

growth business practices

of world known entrepreneurs and

to distill these to a set of practices

that could be taught to others.

It's MISSION - research and teaching ENTREPRENEURSHIP.

MARKET SEGMENT – large companies,aspiring entrepreneurs,Schools and institutions andgovernments.

FARRELL COMPANY

• Founded in 1983 by LarryFarrell.

• World's leading organizationfor research and teachingentrepreneurial practices.

• Has various affiliatesworldwide.• Over 5 million participants in40 countries.

VP American Express NY

President Kepner – Tregoe Princeton NJ

Board Member = The Economic Development

Society US

The Journal of Strategic Change , London

( EXPERIENCES )

LARRY FARRELL :

Diverse background

• Harvard Business School

• University of California Law School

• Peace Corps Volunteer • Currently a contributing editor for The Conference Board Review in NY

• Columnist for Entrepreneur magazine in India

• Advisory Board Member to Cambridge University's

Enterprise Solutions to poverty project in the UK.

FARRELL COMPANY

Affiliates partners

• Almost for more than 20 years now• All trained and certified

• Nearest international affiliate to yourlocation

• Adjust language

• over the past quarter century has achieved the challenging GOAL.

• personally met, interviewed, and taught entrepreneurship to

more individuals, groups/ organizations and governments

worldwide.

• has received praise from Peter Drucker, Tom Peters, Fortune,

Business Week, The Conference Board and more.

Has written more BOOKS about Entrepreneurship:

New Entrepreneurial Age ( 2011 )

Getting Entrepreneurial ( 2003 )

The Entrepreneurial Age ( 2001 )

Searching for The Spirit of Enterprise ( 1993 ) – 1st book.

ENTREPRENEURSHIP - one of the most generic things in the world.

- its practice is culture free.

- do the same things to SUCCEED.

( Worldwide Technology )

Larry C. Farrell

interview w/ R. Goossen

ENTREPRENEURSHIP

Depends on the company’ s life

cycle.

LIFE CYCLE

growth ( 1.start up to

2. high growth )

( 3. decline and

4. survival )

from entrepreneurial

practices to managerial Practices.

Farrell stresses that:

learning comes when studying companies when they are young, rapidly growing and INNOVATIVE.

Start up and high growth phase ( 10 yrs. )

- where entrepreneurial practices are dominant.

- critical is how to sustain GROWTH…

later, entrepreneurs replace them with

professional managers with modern management theories.

MBA trained management consultants called to worsen the situation.

SUSTAIN

GROWTH by

-Recognizing

dynamic tension

-- balance bet.

Entrep &

managerial

practices.

Managing is the easy part…growing is the

hard part…

Steve Jobs

Maintaining entrepreneurial practices sustains growth and counteracts decline.

“Entrepreneurial basics” - provide a framework for SUCCESS.

a. a sense of mission

b. a customer/ product vision

c. high speed innovation

d. self – inspired behavioro An International perspective opens up opportunities.

FARRELL'S KEY POINTS

1. Have a clear sense of MISSION

( product / market strategy )

- achieve a common purpose.

2. Have a clear customer/ product VISION.

- product and customer person.

3. High SPEED INNOVATION.

- move faster, more creative than larger rivals.

- strong sense of URGENCY.

ENTREPRENEURIAL BASICS

4. Have SELF INSPIRED behavior.

- entrep is the engine and the co. is the vehicle.

- inspiring a thousand workers is the real trick.

ENTREPRENEURIAL BASICS

- An

INTERNATIONAL

PERSPECTIVE

opens up

opportunities…

THANK

YOU!!