ENTREPRENEURSHIPCHAPTER 2

ENTREPRENEUR

Prof.Dr.Huseyin ARASLI

2015

ENTREPRENEUR

WHO ARE ENTREPRENEUR?

ENTREPRENEUR DEFINITIONS-1

SOMEONE WHO INITIATES AND ACTIVELY OPERATES THE ENTREPRENEURIAL

VENTURE.

DEFINITIONS-1 INHERENT IN THIS DEFINITION IS THE

IDEA THAT THE ENTREPRENEUR IS NOT JUST THE PERSON WHO IDENTIFIES THE OPPORTUNITY(IES) THAT ARE THE BASIS FOR PURSUING AND INITIATING THE ENTREPRENEURIAL VENTURE

BUT IS ALSO THAT PERSON WHO OPERATES THE ENTREPRENEURIAL VENTURE

AN ENTREPRENEUR IS ONE WHO CREATES A NEW BUSINESS IN THE FACE OF RISK AND

UNCERTAINTY FOR THE PURPOSE OF ACHIVING PROFIT AND GROWTH BY IDENTIFYING OPPORTUNITIES AND

ASSEMBLING THE NECESSARY RESOURCES TO CAPITALIZE ON THEM

ENTREPRENEUR DEFINITIONS-2

QUESTION

AM I (OR COULD BE) AN ENTREPRENEUR?

TYPE OF ENTREPRENEURSHIPTYPOLOGIES

Entrepreneurship Creation and distribution of value and benefits to individuals,

groups, organisations, and society at large. Intrapreneurship

Within corporations the process of entrepreneurship may be initiated by dynamic employees who are motivated to be creative and innovative to the social and economic enhancement of their organization. The process is termed as intrapreneurship.

Team Entrepreneurship This typology does not view the process of entrepreneurship or

intrapreneurship as the preserve of the individual. Rather, it is seen as a capability and attitude whereby individual skills are integrated into a group, or team, becoming partners in the business's future evolution. This collective capacity to innovate becomes something greater than the sum of its parts.

TYPE OF ENTREPRENEURSHIP CONTEXTS

Corporate Venture Entrepreneurial

Venture Ethnic Minority Family Franchise Gender

Home-based and craft Joint Venture Life-style Small business and self-

employment Temporary/part-time

CHARACTERISTICS OF ENTREPRENEUR

DEMOGRAPHIC PROFILE OF ENTREPRENEURS

PERSONALITY PROFILE OF ENTREPRENEURS

INTENTIONS PROFILE OF ENTREPRENEURS

DEMOGRAPHIC PROFILE OF ENTREPRENEURS -1

THE CHARACTERISTICS OF THE INDIVIDUAL`S PERSONAL BACKGROUND AND ENVIRONMENT. FAMILY BIRTH ORDER: FIRSTBORN CHILDREN TEND

TO SEEK OUT MORE RESPONSIBILITY AND BE HIGH ACHIEVERS. THIS IS LIKELY TO CORRELATE WITH BEING AN ENTREPRENEUR

GENDER: MEN ARE MUCH MORE LIKELY TO START A BUSINESS THAN ARE WOMEN

THE CHARACTERISTICS OF THE INDIVIDUAL`S PERSONAL BACKGROUND AND ENVIRONMENT. WORK EXPERIENCE: TO WORK IN A SMALL BUSINESS

OR TO HAVE PRIOR ENTREPRENEURIAL EXPERIENCE IS POSITIVELY RELATED TO BEING AN ENTREPRENEUR.

EDUCATION: TO HAVE A HIGH SCHOOL DIPLOMA SHARPLY RAISES A PERSON`S ODDS OF TRYING TO START A BUSINESS

ENTREPRENEURIAL FAMILY: ENTREPRENEURS TEND TO HAVE PARENTS WHO WERE ENTREPRENEURIAL

DEMOGRAPHIC PROFILE OF ENTREPRENEURS -2

OTHER DEMOGRAPHIC TRAITS - 3

MARITAL STATUS

AGE

EDUCATION LEVEL OF PARENTS

SOCIOECONOMIC STATUS

PERSONALITY PROFILE OF ENTREPRENEURS-1

HIGH LEVEL OF MOTIVATION ABUNDANCE OF SELF-CONFIDENCE ABILITY TO BE INVOLVED FOR THE LONG TERM HIGH ENERGY LEVEL PERSISTENT PROBLEM SOLVER HIGH DEGREE OF INITIATIVE ABILITY TO SET GOALS MODERATE RISK-TAKER

HIGH ENERGY LEVEL GREAT PERSISTENCE RESOURCEFULNESS THE DESIRE AND ABILITY TO BE SELF-

DIRECTED RELATIVELY HIGH NEED FOR AUTONOMY

ANOTHER LIST OF PERSONALITY PROFILE OF ENTREPRENEURS-2

INTENTIONS PROFILE OF ENTREPRENEURS-1

THE ENTREPRENEURIAL ACTION (DECISION)

BY AN INDIVIDUAL IS PRECEDED

BY THE INTENTION TO DO SO,

WHICH IN TURN IS INFLUENCED

BY BOTH CONTEXTUAL FACTORS (SOCIAL, POLITICAL, ECONOMIC OPPORTUNITIES)

AND PERSONAL FACTORS (HISTORY, PERSONALITY, ABILITIES).

BIRD`S MODEL OF ENTREPRENEURIAL INTENTIONALITY

Opportunities in the Social, Political, economic Context

Personal History, Background, Personality, Abilities

Rational, Analytic Thinking—

Goal-Directed Behavior

Intuitive Thinking -- Vision

INTENTIONALITY ACTIONS

CHARACTERISTICS OF THE SUCCESSFUL ENTREPRENEUR

HARD WORK SELF-STARTING SETTING OF

PERSONAL GOALS RESILIENCE CONFIDENCE RECEPTIVENESS TO

NEW IDEAS

ASSERTIVENESS INFORMATION SEEKING EAGER TO LEARN ATTUNED TO

OPPORTUNITY RECEPTIVE TO CHANGE COMMITMENT TO

OTHERS COMFORT WITH POWER

WHO BECOMES AN ENTREPRENEUR?

THE INVENTOR THE UNFULFILLED

MANAGER

THE DISPLACED MANAGER

THE EXCLUDED

THE YOUNG PROFESSIONAL

ENTREPRENEURIAL SKILLS STRATEGY SKILLS PLANNING SKILLS MARKETING SKILLS FINANCIAL SKILLS PROJECT

MANAGEMENT SKILLS

TIME MANAGEMENT SKILLS

LEADERSHIP SKILLS MOTIVATION SKILLS DELEGATION SKILLS COMMUNICATION

SKILLS NEGOTIATION SKILLS

WHAT ENTREPRENEURS DO

AN ENTREPRENEUR IS ENGAGED IN

ASSESSING THE POTENTIAL FOR THE

ENTREPRENEURIAL VENTURE AND THEN

DEALING WITH START-UP ISSUES

THE ENTREPRENEUR`S TASKS OWNING ORGANISATIONS FOUNDING NEW ORGANISATIONS BRINGING INNOVATIONS TO MARKET IDENTIFICATION OF MARKET OPPORTUNITY APPLICATION OF EXPERTISE PROVISION OF LEADERSHIP THE ENTREPRENEUR AS MANAGER

THE ROLE OF THE ENTREPRENEUR

COMBINATION OF ECONOMIC FACTORS PROVIDING MARKET EFFICIENCY ACCEPTING RISK MAXIMISING INVESTORS` RETURNS PROCESSING OF MARKET INFORMATION

BEHIND THE BOOM: WHAT`S FEEDING THE ENTREPRENEURIAL FIRE?

ENTREPRENEURS AS HEROES

ENTREPRENEURIAL EDUCATION

DEMOGRAPHIC AND ECONOMIC FACTORS

SHIFT TO A SERVICE ECONOMY

TECHNOLOGICAL ADVANCEMENTS

INDEPENDENT LIFESTYLE

E-COMMERCE AND THE WORLD WIDE WEB

INTERNATIONAL OPPORTUNITIES

Discussion and Questions

Describe who entrepreneurs are and what they do. Define the role of the entrepreneur in business in

Turkey and across the world. Explain the characteristics of entrepreneur.

HOMEWORK 1

FIND OUT ENTREPRENEURSHIP JOURNAL WEB SITES ADDRESS AND COPY ONE ARTICLE WHICH IS RELATED WITH ENTREPRENEUR.

ACCORDING TO ARTICLE WRITE 5 QUESTIONS