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KIMEP (Kazakhstan Instıtute Management and Economic Research)  June 10, 2011  Almaty, Kazakhtstan  Entrepreneurship in a Free Society Moderator :  Bahattin Karademir
Contents  ,[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
 
D r. Khanna  ‘s  current research focuses on understanding the drivers of entrepreneurship worldwide.  As part of the Emerging Giants project, he seeks to understand how to build world-class companies from emerging markets worldwide.  In  2008 he published a book on entrepreneurship ,  “ Billions of Entrepreneurs: How China and India are Reshaping their Futures and Yours ”, in which he compares entrepreneurship in China and India  (see,  http:// hbswk . hbs .edu/ item /5766.html )  Prof. Tarun Khanna  Harvard Business School What makes him so hopeful about the future of India?
What is Entrepreneurship? ,[object Object],[object Object],[object Object],[object Object]
Who are Entrepreneurs? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Who are Entrepreneurs? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Traits of Entrepreneurs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© Prentice Hall, 2005 Excellence in Business,  Revised Edition Chapter 5 -
[object Object],[object Object],Henry Ford
[object Object],[object Object],[object Object],Model T
1913  – Mother of Karl Albrecht & Theo Albrecht  brothers opened a small store 1946  – Brothers took over their mother’s shop  and opened one another soon after 1960  -  Brothers split the business when they  had 300 stores 1970s  - Initial internationalization  1993  – Brothers retired 2010  – 8210 stores in 19 countries  Karl & Theo Albrecht
[object Object],[object Object],Michael Dell
[object Object],[object Object],Dell Computers
[object Object],[object Object],Narayana Murthy
[object Object],[object Object],Infosys
The Small Business Not Dominant In Its Field Fewer Than 50 Employees  Independently Owned and Operated Relatively Small Annual Sales
Ad Van Vugt
The Story of an Entrepreneur
A Vase of Marbles
 
 
Economic Roles of Small Businesses Share in Total Output Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States.
Economic Roles of Small Businesses They Provide New Jobs Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States.
Economic Roles of Small Businesses Share in Non Farm Employment Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States.
Economic Roles of Small Businesses They Introduce New Products  Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States.
Economic Roles of Small Businesses Annual Spending  Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States. Small Businesses  Big Businesses
Why New Businesses Fail ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How to Nurture Entrepreneurship? What are the appropriate strategies? ,[object Object],[object Object],[object Object],© Prentice Hall, 2005 Excellence in Business,  Revised Edition Chapter 5 -
The Institutional Setting & Entrepreneurship ,[object Object],[object Object],[object Object],[object Object]
Core Capabilities for Business Growth Which is more important in a free society?
 
How to Nurture Entrepreneurship? What are the appropriate strategies? Economic  Freedoms   Political  Freedoms Cultural & Social  Freedoms
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Entrep presentation

  • 1. KIMEP (Kazakhstan Instıtute Management and Economic Research) June 10, 2011 Almaty, Kazakhtstan Entrepreneurship in a Free Society Moderator : Bahattin Karademir
  • 2.
  • 3.  
  • 4.  
  • 5.  
  • 6. D r. Khanna ‘s current research focuses on understanding the drivers of entrepreneurship worldwide. As part of the Emerging Giants project, he seeks to understand how to build world-class companies from emerging markets worldwide. In 2008 he published a book on entrepreneurship , “ Billions of Entrepreneurs: How China and India are Reshaping their Futures and Yours ”, in which he compares entrepreneurship in China and India (see, http:// hbswk . hbs .edu/ item /5766.html ) Prof. Tarun Khanna Harvard Business School What makes him so hopeful about the future of India?
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13. 1913 – Mother of Karl Albrecht & Theo Albrecht brothers opened a small store 1946 – Brothers took over their mother’s shop and opened one another soon after 1960 - Brothers split the business when they had 300 stores 1970s - Initial internationalization 1993 – Brothers retired 2010 – 8210 stores in 19 countries Karl & Theo Albrecht
  • 14.
  • 15.
  • 16.
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  • 18. The Small Business Not Dominant In Its Field Fewer Than 50 Employees Independently Owned and Operated Relatively Small Annual Sales
  • 20. The Story of an Entrepreneur
  • 21. A Vase of Marbles
  • 22.  
  • 23.  
  • 24. Economic Roles of Small Businesses Share in Total Output Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States.
  • 25. Economic Roles of Small Businesses They Provide New Jobs Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States.
  • 26. Economic Roles of Small Businesses Share in Non Farm Employment Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States.
  • 27. Economic Roles of Small Businesses They Introduce New Products Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States.
  • 28. Economic Roles of Small Businesses Annual Spending Bovee, C., Thill, J., Mescon, M. (2005), Excellence in Business, 5th edition, pg: 116, Pearson Prentice Hall, United States. Small Businesses Big Businesses
  • 29.
  • 30.
  • 31.
  • 32. Core Capabilities for Business Growth Which is more important in a free society?
  • 33.  
  • 34. How to Nurture Entrepreneurship? What are the appropriate strategies? Economic Freedoms Political Freedoms Cultural & Social Freedoms
  • 35.

Editor's Notes

  1. Besides the ability to see things differently, commonly know as vision, entrepreneurs tend to have these qualities in common: They are highly disciplined. They like to control their destiny. They listen to their intuitive sense. They relate well to others. They are eager to learn whatever skills are necessary to reach their goal. They learn from their mistakes.
  2. Besides the ability to see things differently, commonly know as vision, entrepreneurs tend to have these qualities in common: They are highly disciplined. They like to control their destiny. They listen to their intuitive sense. They relate well to others. They are eager to learn whatever skills are necessary to reach their goal. They learn from their mistakes.
  3. Besides the ability to see things differently, commonly know as vision, entrepreneurs tend to have these qualities in common: They are highly disciplined. They like to control their destiny. They listen to their intuitive sense. They relate well to others. They are eager to learn whatever skills are necessary to reach their goal. They learn from their mistakes.
  4. Besides the ability to see things differently, commonly know as vision, entrepreneurs tend to have these qualities in common: They are highly disciplined. They like to control their destiny. They listen to their intuitive sense. They relate well to others. They are eager to learn whatever skills are necessary to reach their goal. They learn from their mistakes.
  5. They stay abreast of market changes. They are willing to exploit new opportunities. They seldom follow trends (rather, they spot and interpret trends). They are driven by ambition. They think positively. They prefer the excitement and potential rewards of risk taking over security.
  6. One reliable source of information for small businesses is the Small Business Administration (SBA). This government agency serves as a resource and advocate for small firms, providing them with financial assistance, training, and a variety of helpful programs that are discussed later in this chapter. The SBA defines a small business as a firm that is (a) independently owned and operated, (b) is not dominant in its field, (c) relatively small in terms of annual sales, and (d) has fewer than 500 employees. The SBA reports that 80 percent of all U.S. companies have annual sales of less than $1 million and that about 60 percent of the nation’s employers have fewer than five workers .
  7. Most new businesses fail for a number of reasons : Management incompetence. Lack of industry experience. Inadequate financing. Poor business planning. Unclear or unrealistic goals. Failure to attract and keep target customers. Uncontrolled growth. Inappropriate location. Poor inventory and financial controls. Inability to make the entrepreneurial transition.
  8. They stay abreast of market changes. They are willing to exploit new opportunities. They seldom follow trends (rather, they spot and interpret trends). They are driven by ambition. They think positively. They prefer the excitement and potential rewards of risk taking over security.
  9. Besides the ability to see things differently, commonly know as vision, entrepreneurs tend to have these qualities in common: They are highly disciplined. They like to control their destiny. They listen to their intuitive sense. They relate well to others. They are eager to learn whatever skills are necessary to reach their goal. They learn from their mistakes.
  10. They stay abreast of market changes. They are willing to exploit new opportunities. They seldom follow trends (rather, they spot and interpret trends). They are driven by ambition. They think positively. They prefer the excitement and potential rewards of risk taking over security.