Lecture One

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Lecture One

• MSN 541
• ENTREPRENEURSHIP

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TEK-GIS PROGRAM
http//www.bilkent.edu.tr/imer/tek-gis.html
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CORE COURSES

• Entrepreneurship
• New Product Development
• Entrepreneurial Marketing and Sales
• Entrepreneurial Finance Accounting
• The Art of CEO Business skills for future leaders

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Web sites

• http//www.bilkent.edu.tr/imer/dersler.html
• http//www.managementhelp.org
• http//www.dunyagazetesi.com.tr
• http//www.ekodialog.com
• http//www.ekonomist.com.tr
• http//compoundsemiconductor.net
• http//www.technologyreview.com
• http//www.biltek.tubitak.gov.tr
• http//www.die.gov.tr
• http//www.dpt.gov.tr

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Web sites

• http//www.kosgeb.gov.tr
• http//www.tubitak.gov.tr
• http//www.ttgv.org.tr
• http//www.sanayi.gov.tr
• http//www.hazine.gov.tr
• http//www.turkpatent.gov.tr
• http//www.wipo.int
• http//www.uspto.gov
• http//www.epo.org
• http//www.google.com/patents
• http//www.planware.org

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GLOBALIZATION
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GNP (GSMH) as of 2002
COUNTRY GROUPS GNP (billion ) Population (million) GNP per capita
Low income 1,071.7 3.4 2,495 40.2 430
Mid income total 5,020.3 15.9 2,742 44.2 1,840
Mid-low 3,352.4 10.6 2,411 38.9 1,390
Mid-high 1,667.9 5.3 331 5.3 5,040
High income 25,387.7 80.7 965 15.6 26,310
Total 31,483.9 100 6,201 100 5,080
Source World Economic Indicators Database, World
Bank, April 2003
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CUSTOMS UNION
Source Dis Ticaret Mustesarligi verileri, DPT
YIL ITHALAT (MILYAR ) IHRACAT (MILYAR ) ACIK (MILYAR ) GNP BUYUME DIS BORC (MILYAR )
1990 6.9 9.3 -2.4 9.4 51,981
1991 7 9.2 -2.2 0.3 52,990
1992 7.6 10 -2.4 6.4 58,105
1993 7.6 13.9 -6.3 8.1 70,716
1994 8.6 10.9 -2.3 -6.1 68,081
1995 11 16.9 -5.9 8 76,054
1996 11.5 23.1 -11.6 7.1 79,210
1997 12.2 24.9 -12.7 8.3 84,228
1998 13.5 24.1 -10.6 3.9 96,418
1999 14.3 21.4 -7.1 -6.5 102,983
2000 14.3 26.4 -12.1 6.1 118,686
2001 16.1 18.3 -2.2 -9.5 113,948
2002 18.5 23.3 -4.8 7.8 131,551
2003 22.1 31.5 -9.4 5.9 147,264
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GDP (GSYIH)
Source World Development Indicators database,
World Bank, April 2003, Forbes April 2003
RANK COUNTRY/COMPANY GDP/REVENUE (billion ) RANK COUNTRY/COMPANY GDP/INCOME (billion )
1 USA 10,065 21 Sweden 210
2 Japan 4,141 22 EXXON MOBIL 192
3 Germany 1,846 23 Austria 189
4 England 1,424 24 Saudi Arabia 186
5 France 1,310 25 GENERAL MOTORS 177
6 China 1,159 26 Poland 176
7 Italy 1,089 27 BP 174
8 Canada 695 28 Norway 166
9 Mexico 618 29 FORD MOTOR 162
10 Spain 582 30 Hong Kong, China 162
11 Brazil 503 31 Denmark 161
12 India 477 32 Turkey 148
13 South Korea 422 33 Indonesia 145
14 Netherland 380 34 ENRON 139
15 Australia 369 35 DAIMLER CHRYSLER 137
16 Russia 310 36 ROYAL DUTCH/SHELL 135
17 Argentine 269 37 GENERAL ELECTRIC 126
18 Switzerland 247 38 Venezuela 125
19 Belgium 230 39 Finland 121
20 WAL MART 220 40 TOYOTA 121
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EMPLOYEMENT
Source DPT Economic and Social Indicators
(1995-2006)
1990 1995 2000 2001 2002 2003 2004 2005
Population 15 years and over 35,601 41,175 46,211 47,158 48,041 48,912 49,906 50,826
Labor Force 20,150 22,286 23,078 23,491 23,818 23,640 24,289 24,565
Labor Force Participation 56.6 54.1 49.9 49.8 49.6 48.3 48.7 48.3
Employment 18,539 20,586 21,581 21,524 21,354 21,147 21,791 22,046
Employment Rate 52.1 50.0 46.7 45.6 44.4 43.2 43.7 43.4
Unemployment 1,612 1,700 1,497 1,967 2,464 2,493 2,498 2,520
Unemployment Rate 12.1 10.8 8.8 11.6 14.2 13.8 13.6 12.7
Young unemployment 16 15.6 13.1 16.2 19.2 20.5 19.7 19.3
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R D EXPENSES
Source Devlet Istatistik Enstitusu (DIE),
Gostergeler Ar-Ge
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RESEARCH
Source UNAM
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RESEARCH
Source UNAM
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EFFECT OF TECHNOLOGY ON ENVIRONMENT AND ECONOMICS

• Transforms society
• Adds Value
• Preserves and cultivates environment
• Creates welfare

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Energy consumption
Source UCSB Engineering Insights 2006, Steven P.
DenBaars
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BRIDGING THE GAP BETWEEN BUSINESS ACADEMIA

• BUSINESS
• Deals hands-on with society
• Catch up with trends
• Produce New Discoveries
• Increase revenue and profitability

• ACADEMIA
• Transform Society
• Research Initiatives
• Educate new students
• Create new discoveries

ENTREPRENEUR
GAP
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WHAT IS ENTREPRENEURSHIP?

• The word entrepreneur is derived from French
  entreprendre (antro-prand) meaning to
  undertake
• An entrepreneur is an innovator/developer who
  recognizes opportunities converts those
  opportunities into workable/marketable ideas
  adds value through time, effort, money or skills
  assumes risks of the competetive market place to
  implement those ideas and realizes rewards from
  these efforts.

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WHAT IS ENTREPRENEURSHIP?

• Peter F. Drucker (a leading management thinker)
• Most of what you hear about entrepreneurship
  is ALL WRONG! Its NOT magic its NOT
  mysterious and it has NOTHING to do with genes.
  Its a discipline and, like any discipline, it
  can be learned!
• Innovation and Entrepreneurship (New York
  Harper Row, 1985)

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WHAT IS ENTREPRENEURSHIP?

• An entrepreneur should be
• Disciplined and determined
• Independent thinker
• Innovative (outside the box thinker)
• Trend follower and setter simultaneously
• Initiative
• Leader
• Risk taker

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TYPE OF BUSINESSES IN TURKEY

• Limitet sirket (limited corporation), Anonim
  sirket (joint stock company), Komandit sirketler
  (commandite company), Kolektif sirketler
  (collective company), Sahis sirketleri (sole
  proprietorship)
• Irtibat burosu (liaison office), Sube (branch)
• Comparison with ownership types in US Sole
  proprietorship, partnership, corporation,
  cooperative.

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MOVIE THE CORPORATION

• Filmi seyrederken dikkat edilecek hususlar ve
  odevde istenilen kritikler
• Social and environmental responsibility
• Ethics
• Competition
• Corporations role in globalization

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CRITERIA FOR DEVELOPMENT

• GDP
• Employement education
• Size of economy, growth and stability
• Energy consumption per capita
• Steel production per capita
• Size and strength of private sector in global
  scale