entrepreneurs, stay on top of the world by prof hans crijns
TRANSCRIPT
ENTREPRENEURS STAY ON TOP OF THE WORLD
EXPERIENCE DAY 2013
PROF. HANS CRIJNS, PARTNER
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Today’s businesses, especially the large ones, simply will not survive in this period of rapid change and innovation unless they acquire entrepreneurial competences.
Peter Drucker
1985 (!)
AG - The Entrepreneurial Manager
2
2005
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Bron: David Birch, MIT and Cognetics Inc., USA in ‘Dynamic Entrepreneurship in Central and Eastern Europe’, 1993.
Job creation Job destruction
Top 500
Big
Small
The economy as a thundercloud
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“Every morning in Africa, a gazelle wakes up.
It knows it must run faster than the fastest lion or it will be killed.
Every morning a lion wakes up.
It knows it must run faster than the slowest gazelle or it will starve to death.
It doesn’t matter whether you are a lion or a gazelle.
When the sun comes up, you better start running”.
- Thomas L. Friedman (in “The World Is Flat”) -
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IMAGES OF “ENTREPRENEURSHIP”?
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ENTREPRENEURS ?
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What is in your view a « good» entrepreneur?
Important characteristics?Conditions for a « good
idea » ?
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ENTREPRENEURIAL ATTRIBUTES
Initiative
Strong persuasive powers
Moderate rather than high risk-taking ability
Flexibility
Creativity
Problem-solving ability
Need for achievement
Imagination
High belief in control of one’s own destiny
Leadership
Hard work
N° 1 Predicting value : ????
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(G.B. Shaw)
“The reasonable man adapts himself to the world,
the unreasonable one persists in trying to adapt the … to ….
Therefore all progress depends on the …….. man”
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FAILURE?
“The greatest glory in living lies not in never falling,
but in rising every time we fall."
(Nelson Mandela)
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How entrepreneurial is your organisation/company/busin
ess unit/department… ?
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E.O. Perception “As is”?
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ENTREPRENEURSHIP AND MANAGEMENT
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EN
TR
EPR
EN
EU
RS
HIP M
AN
AG
EM
EN
T
Initialdiscovery
Opportunityrefinement
Marketmaking
Resourceacquisition
(New) co-ordination of(new) resources
Co-ordinationof oldresources/on-going activity
Discovery process
Exploitation process
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STRATEGY ENTREPRENEURIAL ORIENTATION
An entrepreneurial firm is one that engages in product-market innovation, undertakes somewhat risky ventures, and is first to come up with “proactive” innovations, beating competitors to the punch.A non-entrepreneurial firm is one that innovates very little, is highly risk averse, and imitates the moves of competitors instead of leading the way.
Entrepreneurial Orientation (EO) = Risk Taking Proactiveness Innovativeness
AG - The Entrepreneurial Manager14
Danny MILLER (Canada)
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INNOVATIVENESS
“A willingness to introduce novelty through experimentation and creative processes aimed at developing new products and services as well as new processes”
Your score : 1 low 2 medium 3 high
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PROACTIVENESS
“A forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities in anticipation of future demand”
Your score : 1 low 2 medium 3 high
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RISK TAKING
“Making decisions and taking action without certain knowledge of probable outcomes; some undertakings may also involve making substantial resource commitments in the process of venturing forward”
Your score : 1 low 2 medium 3 high
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LEO HEO
Stable
Reliable quality
Secure
Risk Averse
Proven Track Record
Continuous improvement
Opportunistic
Dynamic
Out of the box
Risk taking and sharing
New challenges
Drastic change
LEO VS HEO
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INGREDIENTS OF E.O.
Imagination and creativity
Promoting creation, distribution and usage of knowledge
Supporting information and communication infrastructure
Social architecture
Under no circumstances will all innovations succeed!
=> Matching Internal capabilities & External opportunities
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External environment
Ingredientsof EO
What does it require?
Entrepreneurial orientation
EO
Performance
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WHAT DOES IT REQUIRE ? (LINK WITH PERFORMANCE !)
Devise a coherent strategic focus
Assessment of emerging entrepreneurial opportunities
Integration entrepreneurial pathways with existing activities
Timing of strategic decisions in line with environmental requirements ( = speed)
Excellence in project execution : 5% inspiration and 95% perspiration
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WANT TO KNOW MORE?
Executive Master Class in Innovation & Entrepreneurship (16 October 2013)
In search of new business opportunities (7 October 2013)
SME Challenge (3 February 2014)
SME Excellence (21 November 2013)