Entr 385 Venture Initiation It all begins here

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Entr 385Venture InitiationIt all begins here
by Jeffrey A. Stamp, PhD Assistant Professor and
Chair of Entrepreneurship College of Business and
Public Administration
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Hi!
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• There will be a lot to say in this class, so I
  thought I would start with a moment of silence.

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• Are you ready?
• Be ready for anything

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• Lets begin

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• OhI forgot one thing
• If the following instructions are not followed
  perfectly, you will ALL lose 10 pts before the
  class even begins.
• Okay? Any questions?

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• Ohthats right, there are no questions allowed
  now
• JUST ACTION!

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• 1.) Would the person in the third row, third
  person come to the front of the room and
  distribute a white 3x5 card to everyone in the
  class.
• You have 1 minute to complete this task.

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• Everyone have a card?
• (If not, you might want to rethink that 10pts I
  mentioned earlier)
• 2.) On one side of the card write the answer to
  the following question

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• What day is it?

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• 3.) On the other side of the card, write the
  answer to the other half of this question
• What day is it? And why?
• (Do not go back and change any portion of you
  answer from the first half.)

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• Thank You
• Pass the cards to the center of each row and then
  to the front.

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• What just happened?
• And what does it have to do with Entrepreneurship?

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• What is an entrepreneur?
• What is entrepreneurial thinking?

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Dissecting the Cognition Exercise

• Being ready and alert to opportunity. The role of
  an uncertain future and the tension of silence.
• The importance of 10 points. The risk of
  assumption.
• Who is the 3rd person in the 3rd row? Who
  decides?
• Identifying the guilty. Deciding your fate.
• The window of opportunity (1 minute).
• Value of social networking getting help.
• The need for set thinking. Why it isnt
  Tuesday.
• When do you see an opportunity to differentiate
  yourself.
• And Why? This is a clue that maybe a set answer
  isnt what we are looking for.
• What can you do to recover?

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• Entrepreneurial Self-Efficacy

(This exercise was inspired by various measures
found in the work of DeNoble, 2005)
1. work productively under continuous stress,
pressure and conflict. 2. originate new ideas
and products. 3. see new market opportunities
for new products and services. 4. recruit and
train key employees. 5. articulate vision and
values of the organization. 6. react quickly
to unexpected change or failure. 7. inspire
others to embrace the vision and values of the
company. 8. tolerate unexpected changes in
business conditions. 9. react quickly to take
advantage of business opportunities. 10. bring
product concepts to market in a timely manner.