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Culture and entrepreneurs

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Culture and entrepreneurs

Veröffentlicht in: Wirtschaft & Finanzen
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Culture and entrepreneurs

  1. 1. More on Cultural Capital and Entrepreneurs
  2. 2. “There are no entrepreneurs without capital.” Capitalism, Socialism and Democracy Creative Destruction Innovation and Entrepreneurship Joseph Schumpeter (1883 - 1950)
  3. 3. There are no active entrepreneurs without cultural capital
  4. 4. Intellectual Financial Physical Human Culture Entrepreneur
  5. 5. What capital was used to create the iPhone? Why wasn’t the iPhone created in Syria?
  6. 6. bits and atoms
  7. 7. atoms the physical universe mass and energy e = mc2 always with us cannot create or destroy
  8. 8. bits digital computer technology ones and zeros binary digits or bits software ideas intelligence intellectual
  9. 9. creativity how we combine bits and atoms in new ways adding more bits to atoms making things smarter
  10. 10. ideas inventions innovations human thought inventors developing ideas entrepreneurs successfully marketing inventions
  11. 11. China U.S. Manufacturing 2.5 trillion 2.0 trillion Workers 100 million 12 million Output per worker $25,000 $167,000
  12. 12. $0 $45,000 $90,000 $135,000 $180,000 China U.S. Output per Person
  13. 13. Innovation - Productivity
  14. 14. Innovation - Productivity
  15. 15. Continuous Innovation
  16. 16. discover Experimenting idea create observe
  17. 17. Ideas grow exponentially Internet is an idea creation and testing factory
  18. 18. Culture Entrepreneur
  19. 19. Two types of entrepreneurs value-capturing value-creating
  20. 20. value-capturing entrepreneurs looking arbitrage buy low sell high space or time
  21. 21. arbitrage space and time
  22. 22. value-creating entrepreneurs new products new services
  23. 23. Culture Entrepreneur trust in government values institutions infrastructure rules respect and dignity property rights rule of law taxes regulations stable currency mobility

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