1. Yes you can! Entrepreneurship forpeople in a globalised world Dr Gideon Maas & Prof. Paul Hannon

2. Dr Gideon Maas Co-Director Institute of Applied Entrepreneurship, CoventryUniversity, UK Field of speciality: Entrepreneurship and Family Businesses International Business and Academic experience Contact details: E-mail: gmaas@cad.coventry.ac.uk Tel: +44 (0) 7974 98 4434 3. Prof. Paul Hannon Director of Research and Education, National Council forGraduate Entrepreneurship, UK Visiting Professor Coventry University Field of speciality: Entrepreneurship International Business and Academic experience Contact details: E-mail: paul.hannon@ncge.org.uk Tel: +44 (0) 121 380 3545 4. Going global or operating ina global environment? 5. Agenda To de-mystify the concept "entrepreneurship What is entrepreneurship? Why is entrepreneurship so important within a global environment? Can I be a global entrepreneur? To identify challenges facing entrepreneurs within thecurrent environment What are the broad challenges facing entrepreneurs world-wide? To identify ways people can improve their entrepreneurialabilities How can I improve my entrepreneurial abilities? 6. What is entrepreneurship? 7. The Enterprise Concept Enterprising person Personal skills + attributes + behavioural and motivation Examples: intuitive decision making; make things happen autonomously; networking; initiative taking; opportunity recognition; strategic thinking; self-efficacy Entrepreneurial mindset Empathy with life-world of the entrepreneur and entrepreneurial waysSource: NCGE 8. The Entrepreneurship Concept Application of enterprising skills inthe context of Setting up new ventures Developing/growing an existing venture Designing an entrepreneurial organisationSource: NCGE 9. The Innovation Concept Product of enterprising and entrepreneurshipconcepts Definition Creating and exploiting of opportunities For new ways of doing things Resulting in better products and services, systems and ways of managing people Success is a function of: Individual enterprising behaviour Entrepreneurial organisation capacity 10. Can I be an entrepreneur? Born like this? Educated like this? I am not from a family business, whatchance do I have to beentrepreneurial? Really, do I need to be like this? 11. Challenges facing entrepreneurs 12. Why is entrepreneurship so important currently? Individual and Country growth 85% of the fastest growing technologycompanies and 70% of the fastest growingprivate companies were founded bygraduates during 2008 in the UK! 13. What are the broad challenges facingentrepreneurs world-wide? Fast changes more innovation and increased complexity Knowledge environment More or less jobs? Focus on smaller companies Diverse nature of entrepreneurs Influence of technology Regional changes e.g. Creation of new industries 14. Cultural determinants Religion Political philosophy Economic philosophy Education Manners and customs Language Social structureHisrich 2010 15. Improving myentrepreneurial ability 16. How can I improve my entrepreneurial ability personally?Know yourself! What are your strengths and weaknesses asentrepreneur?Aligning visions: personal + family + business Strategic break-away with yourself!Inside-out and Outside-in thinking Travel, balanced networksBe passionate Celebrate successes and failures! Be emotionally involved! 17. How can I improve my entrepreneurial abilitywithin the organisation? Effective use of technology Competitive advantage or cost? Know your employees They are better than what you think! Know the value you are offering Adding value or just impressing yourself? Budget for innovation What percentage are you spending on innovation? 18. Where can I find help? Institute of Applied Entrepreneurship Tel: +44 (0) 24 76236001 www.coventry.ac.uk/entrepreneurship 19. Thank you!In order to stimulate entrepreneurship weneed to be entrepreneurial ourselves!