Global Entrepreneurship Week 1 PDF

Global Entrepreneurship Week 1 Course Learning Outcomes Demonstrate an awareness of the issues and environment surrounding domestic and global entrepreneurship and become engaged and updated with related news, events, institutions, policies, trends and changes. Analyze functions and ch...

Global Entrepreneurship Week 1 Course Learning Outcomes Demonstrate an awareness of the issues and environment surrounding domestic and global entrepreneurship and become engaged and updated with related news, events, institutions, policies, trends and changes. Analyze functions and characteristics of successful entrepreneurs. Demonstrate personal capacity to identify and utilize entrepreneurial opportunities. Develop effective management skills in running a start-up (through simulations). Utilize customer profiling and competitive analysis in developing a unique value proposition. Design and develop a business plan for an entrepreneurial venture (group project). Apply entrepreneurial and management concepts and skills in developing a project concept for a social enterprise which fulfills one or more of the United Nations' Sustainable Development Goals. Course Format Weekly Lectures Online Activities – Discussion Boards, Case Study Reviews Assignments Individual Group Quizzes Final Exam Canvas Course Information Course Announcements Learning Materials Online Learning Assignments Guidelines Grade Center  Class Attendance & Class Protocol Assignments Attendance Class Absence– Missed Weekly Delivery Evaluations Asynchronous vs synchronous Sanctioned Absences (FCT Discussion Forum events) Planned Absences (Doctor’s Active Participation appointment) Mutual Respect Unexpected Absences Assignments (Templates/Rubrics/Guidelines/ Due Dates Academic Integrity What is academic integrity? Definitions & violations Types of violations Mandatory sanctions Academic Integrity Module Chapter Outline 1.1 Entrepreneurship Today 1.2 Entreprenurial Vision and Goals 1.3 The Entrepreneurial Mindset Figure 1.1 Phil Libin, former CEO of Evernote, discusses his product. Evernote is an app that allows users to create notes in a variety of formats and save and share them across platforms. (credit (a): modification of “Phil Libin and Loic Le Meur - LeWeb Day 1 - Dan Taylor/Heisenberg Media” by Heisenberg Media/Flickr, CC BY 2.0; credit (b): modification of “screenshot of the old Evernote iPhone app” by Jason Jones/Flickr, CC BY 2.0) Learning Objectives 1.1 Entrepreneurship Today Define entrepreneur and entrepreneurship Describe types of entrepreneurial careers and lifestyles Understand entrepreneurs as problem solvers Explain current factors driving the growth of entrepreneurship Compare differences in entrepreneurial opportunities around the globe Types of Entrepreneurs Type of Approach to Venture Entrepreneur Innovators Find new approaches, methods, or products that add value through solving a problem in a unique manner Creators Make something new or see a problem that other people have not noticed Market makers Innovate or reinvent their market from a future perspective by asking what the market could evolve into Expanders and Seek out opportunities to expand upon previously created scalers methods, processes, or products Table 1.1 Figure 1.2 (a) Co-founder and co-CEO Dave Gilboa helped push (b) Warby Parker to become a successful entrepreneurial venture. (credit (a): modification of “775208326EC00084_TechCrunch” by TechCrunch/Flickr, CC BY 2.0; credit (b): modification of “Warby Parker Aventura Mall” by Phillip Pessar/Flickr, CC BY 2.0) Figure 1.3 The Burt’s Bees product line grew from an idea for a lifestyle entrepreneurial venture into a major company. (credit: “Burt’s Bees” by Carol Bleistine/Flickr, CC BY 4.0) Feature Box What Can You Do?: How Can You Put Your Strengths to Work? Create a list of ideas that build off your strengths or are related to your strengths. Then analyze this list to create another list of possible businesses that you could start that relate to your strengths. Feature Box What Can You Do?: Recognizing Problems What problem have you identified? What can you do to resolve that problem? Figure 1.4 The number of entrepreneurial businesses, in millions, is shown for several countries. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license) Figure 1.5 The total venture capitalist investment and number of deals for several countries are shown. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license) Figure 1.6 The Mumbai skyline is clouded by hazy pollution. (credit: modification of “Smog over Mumbai” by Christian Haugen/Flickr, CC BY 2.0) Feature Box What Can You Do?: Social Entrepreneurship Do you have any ideas for creating an entrepreneurial venture around the idea of building quality relationships and communities? How would you balance a passion project with an entrepreneurial purpose? Feature Box Entrepreneur in Action: Angad Daryani What other products could this technology or methodology be used for, besides the originally intended application of improving air quality? What critical decisions would you anticipate that Angad will face in creating and commercializing his product? How would you define success for Angad or this air- cleaning company? Discussion Questions 1. Why is the United States a leader in entrepreneurship? 2. What commonalities do the top five countries have that put them in the lead for entrepreneurial ventures? 3. One of Roxanne Quimby’s motivations in starting businesses included helping employ people in her community. How does or doesn’t this motivation fit in the definition of an entrepreneur as someone who identifies a problem and solves that problem? 4. What are the similarities and differences between the business ventures of Wander Girls and Roxanne Quimby? Learning Objectives 1.2 Entrepreneurial Vision and Goals Define and entrepreneurial vision Develop a vision statement Figure 1.7 Finding a mentor can provide you with invaluable benefits. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license) Feature Box Are You Ready?: A Personal Vision Statement Where are you living? What are you doing for a living? What does your home look like? Who lives in your home? What are you doing with your life? Figure 1.8 These are the four steps of the creative thinking process. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license) Feature Box Are You Ready?: Creativity through a Change in Routine What was the experience like? Did you notice being more alert to your surroundings? Figure 1.9 Creating SMART goals can help you realize your vision. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license) Discussion Questions 5. Why is knowing your vision for the future important? 6. Why should we create goals using the SMART method? 7. What is the value in using divergent thinking when trying to solve a problem? 8. How would you explain the concept of an entrepreneurial vision to your college roommate who is a history major? 9. What is the primary difference between divergent thinking and brainstorming? Learning Objectives 1.3 The Entrepreneurial Mindset Explain what it means to have an entrepreneurial mindset Describe what is meant by entrepreneurial spirit or passion Figure 1.10 A bike-sharing program in Pella, Iowa, allows users to access bikes at a variety of locations. (credit: “Corral of VeoRide Dockless Bike Share” by “paul.wasneski”/Flickr, Public Domain) Discussion Questions 10.Identify five disruptive technologies and the industries that these technologies impact. 11.In thinking about the future, and your own experiences, what opportunities are there for disruptive technologies in one or two familiar industries? 12.What is the difference between an entrepreneurial mindset and entrepreneurial spirit? 13.Describe your own level of entrepreneurial spirit.