mit enterprise forum pan arab startup competition keynote slides - cairo, may 22, 2014

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1 Bill Aulet Managing Director, Martin Trust Center for MIT Entrepreneurship FINAL AWARD CEREMONY

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The slide Bill Aulet used to give the Keynote Speech at the MIT Enterprise Forum Pan Arab Startup Competition Final Award Ceremoy held at the American University of Cairo on May 22, 2014. It was a meant to inform, inspire and motivate young entrepreneurs to think more ambitiously about how and why to scale their companies - and the imperative to do so. It was also the announcement of an Arabic version of the Disciplined Entrepreneurship expected in December of 2014.

TRANSCRIPT

Page 1: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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Bill AuletManaging Director,

Martin Trust Center

for MIT Entrepreneurship

FINAL AWARD CEREMONY

Page 2: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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Being an entrepreneuris the new “cool” thing.

But why?

Is this sustainable?

Page 3: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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BOJ S

Page 4: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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But is there sufficient understanding of the topic?

Hmmm….

Page 5: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

DISCIPLINED ENTREPRENEURSHIP

Definition of Entrepreneurship – 2 Types

Entrepreneurship

SME

(Small Medium Enterprise)

Regional Markets

Restaurants

Dry Cleaners

Services

IDE

(Innovation-Driven Entrepreneurship)

Global Markets

Products for Export

Sustainable Competitive Advantage at Core

• Δt is short• Linear growth• Less investment required

• Δt is long• Exponential growth• A lot of investment required

Page 6: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

Other Questions for Entrepreneurship Education

1. Can

2. Why

3. How

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Page 7: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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Crisis inentrepreneurial education

Demand

Supply of

quality

Time

Storytelling

Page 8: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

Importance of Spirit8

Page 9: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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Spirit + Skills

Successful Entrepreneurship

Page 10: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

But What is Happening

Crisis in Entrepreneurship Education

“Education by Storytelling”

Gets the Spirit but Not the Skills

Makes it Sound Easy

It is Not! Requires Discipline

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Page 18: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

Benefits of Approach

Comprehensive yet Practical

Integrated

Proven & Tested – To Stand the Test of Time

Sequential/Prescriptive

Creates Common Language for Knowledge Transfer and Accumulation

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Page 19: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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“I'm actually as proud of the things we haven't done as the things I

have done.”—Steve Jobs

Page 20: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

Examples of Disciplined Entrepreneurship

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More info

The book

www.disciplinedentrepreneurship.com

Progress Dashboard

www.detoolbox.com

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Page 22: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

Online course

www.bit.ly/e-101

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Page 23: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

1 Week Intensive Course at MIT

By application welcomes you to apply

Last week of January at MIT

Page 24: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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Spirit Skills+

Successful Entrepreneurship =

Page 25: MIT Enterprise Forum Pan Arab Startup Competition Keynote Slides - Cairo, May 22, 2014

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