Chapter 13

Entr= epreneur

What is the definition?

Start new businesses. Find innovation new business oppor= tunities and bring them to market -- from plumbers to physicists.

Care= er examples:

Serv= ice provider: accounting, law, finance

Corp= orate: functional specialist

Entr= epreneur: start your own

Oreg= on Entrepreneurs Network/Oregon Enterprise Network

Role= vs. SAO/AeA

Local examples:

Tekt= ronix

Nike=

Cost= co

PCED=

eFusion

Virt= ual Relocation

Wick= ed Quick

OEN = book examples

Unde= r the Radar examples

R= 20;Serial” Entrepreneur

Pres= entation example(s)

Entr= epreneurial Characteristics:

- = Visionary/Dreamer

- = Self-confident

- = Innovative

- = Passionate

- = Driven

- = Rebellious

- = Competitive

- = Embrace risk

- = Opportunistic

- = Tenacious (don’t give up)

Star= ting New Ventures

- = Ideas/innovation

- = Talent (experienced business people)

- = Capital

- = Hero’s (Tim Draper)

Corporate Entrepreneurship (Intrapreneurship)

Crea= ting new business opportunities within an existing organization:

Intel Personal Computer Enhancement Division (PCED)

Xero= x PARC (Windows, mouse, …)

3M (= Post-it)

Appl= e (iPod)

Inte= l: sometimes inside (PCED) sometimes outside (eFusion)

Inve= ntion

Inno= vation (incremental vs. radical) = &nb= sp; = disruptive change

Imit= ation

Thre= e ways to get innovation:

Buil= d

Buy<= /p>

Part= ner

Orga= nizing for Intrapreneurship

· In= duced Strategic Behavior

<= span style=3D'mso-list:Ignore'>o&nb= sp; To= p-down process - current strategy/structure fosters innovations

<= span style=3D'mso-list:Ignore'>o&nb= sp; St= rategy is filtered through a matching structural hierarchy

<= span style=3D'mso-list:Ignore'>o&nb= sp; In= novations closely linked with strategy/structure

· Au= tonomous Strategic Behavior

<= span style=3D'mso-list:Ignore'>o&nb= sp; Bo= ttom-up process based on internal knowledge and personal initiative

<= span style=3D'mso-list:Ignore'>o&nb= sp; In= ternal resources and skills are basis for new products/processes

Prod= uct Champion (Evangelist: Guy Kawasaki)

Cros= s-functional development teams

- = Organizational perspectives

- = Internal politics

Inte= rnational Entrepreneurship

- = Highly desired by many countries

<= span style=3D'mso-list:Ignore'>o&nb= sp; Create jobs

<= span style=3D'mso-list:Ignore'>o&nb= sp; Create wealth

<= span style=3D'mso-list:Ignore'>o&nb= sp; National prestige

- = Climb the value change

- = Cultural characteristics can limit

- = Hierarchy of needs (evolution) can hinder