2. DEFINITIONS-ENTREPRENEUR
• “ participation in the formation, development
and growth of a new enterprise.”
Ed Roberts
Founder & Chairman
MIT Entrepreneur Center
“ The only problems worth solving are the
impossible ones”
Ed land
Inventor & Founder
Polaroid Corporation
3. HISTORY
• 1947- HBS intro a course called “ management
of New Enterprises” by Professor Myles Mace
• 1977- Grown into a full fledged program
• 2003- Arthur Rock ( class of 51) donated a
large sum resulting in Arthur Rock Center for
Entrepreneurship.
4. how Entrepreneurship progressed in
Pakistan
• Lack of employment opportunities
• Lack of connections
• Job opportunities not in pace with influx of
workforce
• Business not expanding
• Not the best in academics
• Not being“ Naukri oriented”.
• Suitable finances
• Willing to take risks
5. What constitutes a Entrepreneur
project?
• An idea- fulfill need of a segment of society
• Will- to carry it through
• Generate employment, earn sustenance with
time
• Grow with time
6. ENTREPRENEURS- A special Species?
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Integrity
Leaders
Impatient; Bias towards Action
Quick clock-speed
Modest Ego; accept coaching. Overcome
weaknesses
• Willing to be different
• Driven to solve a valuable problem of customers
7. A special Species (Cont)?
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Risk taking/Bold decisions
Listening to customers
Investing in infrastructure
Building company without outside help
Good at sniffing the environment