From Dream to RealityEntrepreneurship in a Global Economy
The definition of Entrepreneur is unique to the United States
The word comes from the Old French entreprendre, to undertake.
Chinese, French, German, Italian, Japanese, and Spanish, use the word Businessman
Entrepreneurs
Entrepreneur - A person who organizes, operates, and assumes the risk for a business venture.
Intrapreneur – A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation.
Intrepreneur - One who sets up, maintains and assumes the financial risks of an Internet business venture.
The impact of Entrepreneurs
Services based Entrepreneurs Create jobs
Manufacturing based Entrepreneurs Create jobs Can create exports
Technology based Entrepreneurs Create technical jobs Create exports Maintain competitiveness Incubate more entrepreneurs
Why is IEEE interested in entrepreneurs?Growth of Nonfarm Employment by Size of Payroll
Small Medium LargeRecession
U.S Economic vitality needs scientific and technical innovation
US science and technology building blocks are eroding.
Other nations (particularly Asian) are gathering strength.
Rising Above the Gathering Storm
200 large companies surveyed are now moving white-collar jobs to Asia
Most companies not deterred by security or IP concerns when outsourcing to Asia
CIBER Survey
Entrepreneurs
Entrepreneurs impact is limited by the size of the companies they create, but more so by the required conditions:
Personal risk taking Tenacity to work through the process Being in the right place at the right time
Entrepreneurs are motivated but they need: Environment (Capital, Resources, Regulations) Opportunities (Markets, Technology) Support (Mentors, Consultants, Services)
Intrapreneurs
Intrapreneurs have the potential for the largest impact:
Large number of people work in corporate America
Available resources Global marketing channels
Intrapreneurs need: Rationale to take risks Corporate support for Innovation
Started a company in Tokyo late 1990 with 2 Japanese Entrepreneurs
Demolished competitors and aptured over ¾ of the Market
Tried to start a Skunk Works in US company and had no takers
An Anecdotal Experience
Stimulating Technology entrepreneurship
Research on a national scale (research, not development)
Available capital Corporate environment for intrapreneurs Manufacturing Infrastructure Support services Government support (export, technology)
IEEE-USA Entrepreneurs Activities CommitteeEntrepreneurs’ Village
https://www.ieeecommunities.org/ieee.usa.entrestrat
Current Resources Tech Databases Mentor Databases Discussion Groups Chat Rooms Bulletin Boards
IEEE –Entrepreneurs Activities Committee
Entrepreneurs’ Village
New Portal Page Dynamic Information
Update Searchable by Search
Engines Maintains access to all
Ramius Community features
IEEE-USA Entrepreneurs Activities Committee
Entrepreneurs’ Village
The Art of the Start Available at IEEE TV http://
www.ieee.org/web/membership/IEEEtv/about.html
IEEE-USA Entrepreneurs Activities Committee
TechMatch First Event planned in Minneapolis/St. Paul
Partnering with MedTech and LifeScience Alley Focus on Medical Devices First meeting with local Technology Players Section can provide vital support
