THE RINGS OF ENTREPRENEURSHIP

©David Stefan Bathory, Psy.D. Keynote AddressBathory International LLC CReBUSbathoryint@live.com Bucharest Romania . October 2012

I Will Catch the Ring © David S. Bathory

ride on the outside edge-Hanging on by a threadReaching out- Reaching in- For the Ring.

No fear will bind meEach time it passes byI stretch inside to find another wayI will catch the ring.

It doesn’t matter, If I am old or young-rich or poorHow many times I need to go aroundI will catch the ring.

People stand along the sides and watch me as I pass them byThey are never riders- Yet they always doubt meBut I will catch the ring.

Some laugh- Some stare- Some gasp As I stand upon the saddle and prepareI will catch the ring.

People warn me to get downPeople say I will be harmedPeople never understand meBut I will catch the ring.

The ring does not need to be shinyIt does not need to bring me fame or fortuneWhen I catch it no one will cheerBut I will catch the ring.

Once within my fingers I can just hand it back in or pass part of me onto the next rider The ring I catch remains inside me.

The Rings of Successful EntrepreneurshipLearning & Teaching

DeterminationOpportunityResiliencyInspirationCollective Altruism

The First Ring:Learning & Teachingo Learning StylesoAge oDevelopment

oBasic NeedsoKnowledge or ExpertiseoAudience

To absorb knowledge so that it can be used and explained to others

Development & Learning Style

1. Visual Learning (Age 3-40)2. Auditory Learning (Age 5-60)3. Tactile Learning (Age 12-70) Physical Learning (Age 20-

30) Cognitive Learning (Age 16-

20:70)

Learning Style Effective Approaches

Visual Graphic arts, tables, charts, pictures, written language, closed captioning, color or shape coding, videos, following others

Auditory Sound cues and auditory tracks, reading aloud, music, repeating information

Kinesthetic Physical touch or sensation, writing or drawing, experiential learning and demonstration, spatial examples, movement

Mixed Combinations of visual, auditory and kinesthetic, but not overwhelming in any modality

Kohl’s Learning Styles

Intelligence Expression Skills Verbal-Linguistic

Language syntax, grammar, phonology & word/sentence formation

Public oriented and fluent in speaking, writing, reading comprehension, multiple languages

Logical -Mathematical

Patterns, quantities, sequencing, deduction & rational thought

Accounting, research, analytical, decoding , system analysis and project management

Spatial Symmetrical judgment, ratios, estimation

Graphic & creative arts, design

Bodily-Kinesthetic

Locomotion, proprioception

Physical precision and accuracy, athletes, actors, mechanics, craftsman

Musical Rhythm, Tone, Pitch in voice & music

Oration, musicians, singing, songwriters, poets

Orientation Expression Type Interpersonal

Expression of emotion & social cues, common sense

People oriented, sensitive to social clues and others

Intrapersonal

Introspection & reflection

Internally oriented, sensitive to moods and the impact of others on the individual

Naturalist Ecological sense and order

Global or outside oriented, sensitive to other species and nature

Gardner’s Theory of

Multi-Intelligence

The Second Ring: Determination

oPurpose oMotivationoSelf RelevanceoRelevance for Others

An internal drive independent of aggravating & mitigating factors

The Third Ring: Business Opportunity

o Supply & demand, o Output, inflation & unemployment,o Growth & capitalo Aggregate demand & supplyo Governmental fiscal policyo Competition & monopolyo Asymmetric informationo Cooperative & non-cooperative games,o Efficiency & regulation, o Productivity, wages, o Labor markets & unions,o Government spending & taxation,o International trade agreements, tariffs & quotas, o Recession & market failure

The event that provides change

The Third Ring: Personal Opportunity

Manipulation of economics variables Knowledge/skills Time to complete tasks Personal crises An opportunity can be either aggravating

or mitigating factor dependent upon the combination of these variables and their aggregate influence.

The event that provides change

The Fourth Ring: Resiliencyo Personal/Cultural

o Bench Strengtho Monetary & Other Resourceso Innovation (repackaging)

The ability to fall and

bounce back

Ability to solve problemsCritical thinking and abstraction; Collectivism (or group obligation)Flexibility (or an easygoing personality)Responsibility (or an internal locus of control) High self-esteem.

The Fifth Ring: Inspiration

o Meaningo Visiono Dreamso Aspirationso Passiono To step where no one has walked

before

To ignite ones own or another’s muse

The Uncontrolled Variables

o Inherent Intelligence/Talents/Skillso Health & Diseaseo History

o Personalo Collectiveo Cultural

o Crises, Chaos & Paradigm Shifts

Things businesses, researchers and teachers cannot change (unless they want to be arrested) but try to influence

The Missing RingTo learn - to teach, to be determined, to find opportunities in me and everywhere, to bounce back with resiliency and to inspire the world to work together collectively is Altruism

Where do the rings fit in and where do they lead? The rings are a means to identify

potential SB leaders and entrepreneurs who may be successful in the global marketplace.

They lead into new economic paradigms (such as the EU/Italy Project by Fabio Masso)

They lead into new economic and dynamic models such as I will describe in the next few slides

Nash’s Equilibrium Nash explored the outcomes of competition

in non-cooperative games and found that the probability of a winner lessened as the competitors eliminated each other and that the payoff would be greater if they worked collaboratively at the decision or point s of equilibrium.

In cooperative games, he noted that shared information was often used in a manner to create non-cooperation (e.g. business, politics)

In a truly cooperative game, the players all look for the best solution for everyone

Drive Business Education Governance StatementsForce 

Take over-Eliminate

Mandatory-Repeat

Conquer 

My way or dieMy views or no view

Control 

Market Control 

Compulsory- Regurgitate

Colonize 

Do as I tell you… 

Market Dominance

Reward Systems Annexation- Access to Goods& Services

You can have if…

Influence 

Monopoly Lecture-Listen AuthoritarianDictator/Monarchy

You need my permission or I know better

Monopolistic Competition

Competition -Excel 

RepresentationOne Sided Respect

I will listen

Partnerships, Cartels, Oligopoly

Teams-Learn Social DemocracyMutual Respect

We will work together

Altruistic Wisdom 

Collective- Non-cooperative Altruism-To provide for all with wisdom

Collective Community Cooperation- Understand & Help Others via Altruism

Altruistic Governance-To help others and better the world

We prioritize greater needs than ourselves and we care for one another

Dynamics of Non-cooperative & Cooperative

Models in Business,

Education and Politics

Concept Polar Extremes

Examples of Issues

Trust Trust versus Rejection

Will I (you) give us want we need to be successful? Will I (you) be here when you (we/I) really need me (you)?

Will Autonomy versus Isolation

Do I (we) really need your help? I (We) will show you that you are not needed.

Purpose Identity versus Confusion

What is it that I (we) do? Why are we here? What business are we in?

Competence

Skills versus Omission

Do I (we) have the skills to do my (our) job(s) well, or am I (are we) missing something?

Proof Evidence versus Commission

I (we) have evidence of my skills and performance. If I (we) do not have these: Can I (we) get by without you noticing? Can I (we) hide what I (we) cannot do or should have done?

Passion Commitment versus Indifference

I (we) will argue and fight with you to get you to see my (our) point, or I (we) will just find someone else to work with other than you.

Share Transparency versus Deception

I am (We are) open to you exploring and questioning my (our) work and knowledge because I (we) wish for you to learn and share with me (us).

Altruistic Wisdom

“We versus Me” 

I am (We are) more concerned about the good of all and the world than I am (we are) about my (our) own power, fame and fortune.

Relational Dynamics

Probability Force Control Influence Altruism

Trust ++++ ++ ---- ----

Will +++ ++++ --- ---

Purpose ++ +++ + --

Competence + + ++++ -

Proof - - +++ +

Passion -- -- ++ ++

Share --- --- - +++

Altruistic Wisdom ---- ---- -- ++++

Hypothesized Influence of

Dynamic Variables on

Relational Variables

Outcome

Good for me

Venue

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Outcome Good for we

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Interface of Game Theory &

Relational Dynamics

The last of humanity, sits atop a pile of all the gold and diamonds, clothed in platinum- frail and bony fingered, starving, breathing toxic gases. “The Winner” who fought their way to the top on the path of trampled masses, Or “The Loser” who consumed our greatest gift: each other and a world to share?

The rings of wealth & knowledge we accumulate do not have to be hoarded; With wisdom they can be shared with the rest of the universe.

Path of the Ring

…………

The next rider can be

my grandchildor yours