s. africa redefining entrepreneurship keynote...situation: the social, environmental, and...
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theentrepreneuriallearning initiative
ENTREPRENEURSHIP REDEFINING
Gary Schoeniger,ELI Founder, CEO
theentrepreneuriallearning initiative
The world is rapidly changing
theentrepreneuriallearning initiative
Source: World Economic Forum 2016
We are currently preparing studentsfor jobs that do not yet exist
theentrepreneuriallearning initiative
How do we prepare students to thrive in an increasingly complex and highly uncertain
world?
theentrepreneuriallearning initiative
Students are not engaged
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76
61
41
% Engaged
Elementary School
High School
Middle School
Student Engagement
Source: Gallup
theentrepreneuriallearning initiative
Source: Professor Servaas van der Berg, RESEP
theentrepreneuriallearning initiative
~ Laszlo Bock, SVP People Operations, Google
GPA’s are worthless as a criteria for hiring.
theentrepreneuriallearning initiative
Workers are not engaged
theentrepreneuriallearning initiative
Source: Gallup
87%
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24% Actively Disengaged 63% Not Engaged 13% Actively Engaged
Source: Gallup
theentrepreneuriallearning initiative
24% Actively Disengaged 63% Not Engaged 13% Actively Engaged
Source: Gallup
theentrepreneuriallearning initiative
Job Growth
The need to encourage and support
entrepreneurial activities at all levels of our society...
theentrepreneuriallearning initiative
theentrepreneuriallearning initiative
Entrepreneurship is an essential life skill that every student will need to survive in the 21st Century
theentrepreneuriallearning initiative
Colleges are turning to entrepreneurship education to produce work-ready graduates and next-generation innovators through experiential learning…
It is not enough to add entrepreneurship on the perimeter… it needs to be at the core of the way education operates.
theentrepreneuriallearning initiative
?? ?
Scientifically unfathomablemystery
theentrepreneuriallearning initiative
High GrowthEntrepreneurs
theentrepreneuriallearning initiative
✓ Ideas obvious high growth potential ✓ Tech-centric ✓ Develop a business plan ✓ Conduct in-depth market research ✓ Five year financial projections ✓ Seek VC investment
Plan & Pitch
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.018
theentrepreneuriallearning initiative
Richard BransonSmall Business Management
theentrepreneuriallearning initiative
Small Business Management✓ Formal market research ✓ Write a business plan ✓ Finance & accounting ✓ Marketing & sales ✓ Legal structures ✓ Seek bank financing
theentrepreneuriallearning initiative
NOTENTREPRENEURSHIP IS
MANAGEMENT
theentrepreneuriallearning initiative
theentrepreneuriallearning initiative
theentrepreneuriallearning initiative
theentrepreneuriallearning initiative
“Enthusiasticand somewhat inexperienced.”
Entrepreneurial Reality
✓ No breakthrough technology ✓ Little or no formal planning ✓ Ad-hoc market research ✓ $10,000 ✓ Little or no experience
theentrepreneuriallearning initiative
?? ?
theentrepreneuriallearning initiative
Process: The processes and methods that enable entrepreneurs to identify, evaluate, and transform ideas into mutually beneficial, sustainable endeavors.
Person: The underlying motivation - the beliefs, assumptions, and psychological factors that drive entrepreneurial behavior.
Situation: The social, environmental, and situational factors that encourage or inhibit the development of entrepreneurial attitudes, behaviors, and skills.
Search Growth Obsolescence
Transformation Theory
Search Growth Obsolescence
Observation Inquiry Empathy Curiosity Experimentation Adaptation Creativity Critical thinking Problem solving Self-direction Collaboration Teamwork Reliability Resourcefulness Networking Communication Commitment Resilience
Search Growth Obsolescence
Management Organization Replication Process Procedures Efficiency Improvement Consistency Scalability Specialization Marketing Sales Human resources Legal Accounting Formulaic Conformity Compliance
Observation Inquiry Empathy Curiosity Experimentation Adaptation Creativity Critical thinking Problem solving Self-direction Collaboration Teamwork Reliability Resourcefulness Networking Communication Commitment Resilience
Large scale Innovation Diversification Acquisitions Careful planning In-depth research Formal analysis Financial forecasting Teams of experts Experienced managers Access to resources Visible market Known brand Established channels Known customer Board governance Senior manager Hierarchical approval
Search Growth Obsolescence
Management Organization Replication Process Procedures Efficiency Improvement Consistency Scalability Specialization Marketing Sales Human resources Legal Accounting Formulaic Conformity Compliance
Observation Inquiry Empathy Curiosity Experimentation Adaptation Creativity Critical thinking Problem solving Self-direction Collaboration Teamwork Reliability Resourcefulness Networking Communication Commitment Resilience
Large scale Innovation Diversification Acquisitions Careful planning In-depth research Formal analysis Financial forecasting Teams of experts Experienced managers Access to resources Visible market Known brand Established channels Known customer Board governance Senior managers Consultants
Search Growth Obsolescence
Management Organization Replication Process Procedures Efficiency Improvement Consistency Scalability Specialization Marketing Sales Human resources Legal Accounting Formulaic Conformity Compliance
Observation Inquiry Empathy Curiosity Experimentation Adaptation Creativity Critical thinking Problem solving Self-direction Collaboration Teamwork Reliability Resourcefulness Networking Communication Commitment Resilience
Large scale Innovation Diversification Acquisitions Careful planning In-depth research Formal analysis Financial forecasting Teams of experts Experienced managers Access to resources Visible market Known brand Established channels Known customer Board governance Senior managers Consultants
Search Growth Obsolescence
Management Organization Replication Process Procedures Efficiency Improvement Consistency Scalability Specialization Marketing Sales Human resources Legal Accounting Formulaic Conformity Compliance
Observation Inquiry Empathy Curiosity Experimentation Adaptation Creativity Critical thinking Problem solving Self-direction Collaboration Teamwork Reliability Resourcefulness Networking Communication Commitment Resilience
Large scale Innovation Diversification Acquisitions Careful planning In-depth research Formal analysis Financial forecasting Teams of experts Experienced managers Access to resources Visible market Known brand Established channels Known customer Board governance Senior managers Consultants
Search Growth Obsolescence
Management Organization Replication Process Procedures Efficiency Improvement Consistency Scalability Specialization Marketing Sales Human resources Legal Accounting Formulaic Conformity Compliance
Observation Inquiry Empathy Curiosity Experimentation Adaptation Creativity Critical thinking Problem solving Self-direction Collaboration Teamwork Reliability Resourcefulness Networking Communication Commitment Resilience
Entrepreneurship is
SEARCH
theentrepreneuriallearning initiative
theentrepreneuriallearning initiative
Process: The processes and methods that enable entrepreneurs to identify, evaluate, and transform ideas into mutually beneficial, sustainable endeavors.
Person: The underlying motivation - the beliefs, assumptions, and psychological factors that drive entrepreneurial behavior.
Situation: The social, environmental, and situational factors that encourage or inhibit the development of entrepreneurial attitudes, behaviors, and skills.
mīn(d)-ˌset, nthe underlying beliefs and assumptions that influence behavior
theentrepreneuriallearning initiative
theentrepreneuriallearning initiative
Visible Artifacts
Espoused Values
Underlying Beliefs & Assumptions
theentrepreneuriallearning initiative
✓Locus of Control✓Fixed vs. Growth✓Motivation ✓Self-perpetuating
Mindset Concepts
theentrepreneuriallearning initiative
Process: The processes and methods that enable entrepreneurs to identify, evaluate, and transform ideas into mutually beneficial, sustainable endeavors.
Person: The underlying motivation - the beliefs, assumptions, and psychological factors that drive entrepreneurial behavior.
Situation: The social, environmental, and situational factors that encourage or inhibit the development of entrepreneurial attitudes, behaviors, and skills.
In the past we created innovators and entrepreneurs by accident rather than by design.
“Dr. Tony Wagner
theentrepreneuriallearning initiative
An entrepreneurial mindset can
empower ordinary people to accomplish
extraordinary things
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12 3 4
5 876
Choice
Opportunity Action Knowledge
Resourceful Reliable Community Persistent
8 Core Concepts
theentrepreneuriallearning initiative
Let's stop asking students what they want to be or do when they grow up. Ask them what problems they want to solve and what they need to learn in order to solve
those problems.
~ Jaime Casap, Google Education
“
theentrepreneuriallearning initiative