Innovation & Entrepreneurship

Innovation & Entrepreneurship in a Global Perspective ,Concept

,Development and Challenge

What do entrepreneurs do ?

What is entrepreneurial behavior? Can it be learned?

What is innovation and how is it made?

Is it possible to institutionalize entrepreneurship and innovation?

How important is entrepreneurship for economic development?

The international and historical perspective allows for a better understanding of the

importance of innovation and how radical entrepreneurial activity changed the world .

Analysis of comprehensive cases that are specifically written for

Entrepreneurial activity and innovation.

An entrepreneur is the one who has an idea, takes risk to implement that idea and feels responsible for its execution, success, or failure.

Different types of entrepreneurs

A business entrepreneur is someone who has an idea or product for the business world.

A social entrepreneur is someone who has innovative ideas for social change, or new

solutions to social problems.

A serial entrepreneur refers to someone who has a lot of ideas and constantly starts up new

companies or enterprises to implement these ideas.

A lifestyle entrepreneur refers to someone who starts up their idea or venture based on a sport, hobby or pastime they are passionate about.

Insights from the Global Entrepreneurship Monitor results 2013

The overall level of entrepreneurial activity has dipped from 10 % to 7%

the number of people who say they intend to start a business in the next three years fell by

around a third .

New types of emerging Entrepreneurs

The graph below shows that while both male and female start-up rates have fallen since

2012, the latter has proven much more resilient .

The number of women in self-employment has increased by over 40 per cent since 2000,

compared to 20 percent for men.

Innovation and how is it made

Innovation can be viewed as the application of better solutions that meet

new requirements, in articulated needs, or existing market needs .

The term innovation can be defined as something original and more

effective and, as a consequence, new, that "breaks into" the market or

society .

Innovation = invention + commercial exploitation

Innovations require only three things:

A recognized need,

Competent people with relevant technology, and

Financial support.

Types of innovation

Components of Innovation

Three components

A hardware component –consisting of material or physical aspects of

innovation

A Software component – consisting of information base that is needed

to use the innovation .

A evaluation information component – that is useful for decisions related

to the adoption of the innovation.

These component form a system to make it user friendly .

Linking Entrepreneurship with Innovation

References http://www.academia.edu/2279335/Linking_innovation_and_entreprene

urship_literature_overview_and_introduction_of_a_process-

oriented_framework

http://www.rsablogs.org.uk/2014/enterprise/data-entrepreneurship-key-

trends/

http://kursuskatalog.cbs.dk/2014-2015/BA-BSOCV1003U.aspx

https://www.sokanu.com/careers/entrepreneur

http://www.slideshare.net/najamussaqib85/entrepreneurship-and-innovation

Thank you