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    ASU321 Lecture2

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    Kerolos Rafeek
    The document discusses innovation and entrepreneurship. It defines an entrepreneur as someone who takes on a task without having all the necessary resources from the start. It explains that existing businesses are being disrupted rapidly and companies need to innovate to stay competitive. Innovation is developing new solutions or ways of doing things to create value, while entrepreneurship involves pursuing opportunities based on innovation without existing resources. Innovations can come from R&D, entering new markets, customer insights, an entrepreneur's vision, persevering through failures, and building on others' work.

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    ASU321 Lecture2

    Uploaded by

    Kerolos Rafeek
    10 views12 pages
    The document discusses innovation and entrepreneurship. It defines an entrepreneur as someone who takes on a task without having all the necessary resources from the start. It explains that existing businesses are being disrupted rapidly and companies need to innovate to stay competitive. Innovation is developing new solutions or ways of doing things to create value, while entrepreneurship involves pursuing opportunities based on innovation without existing resources. Innovations can come from R&D, entering new markets, customer insights, an entrepreneur's vision, persevering through failures, and building on others' work.

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    ASU321_Lecture2

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    The document discusses innovation and entrepreneurship. It defines an entrepreneur as someone who takes on a task without having all the necessary resources from the start. It explains that existing businesses are being disrupted rapidly and companies need to innovate to stay competitive. Innovation is developing new solutions or ways of doing things to create value, while entrepreneurship involves pursuing opportunities based on innovation without existing resources. Innovations can come from R&D, entering new markets, customer insights, an entrepreneur's vision, persevering through failures, and building on others' work.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    10 views12 pages

    ASU321 Lecture2

    Uploaded by

    Kerolos Rafeek
    The document discusses innovation and entrepreneurship. It defines an entrepreneur as someone who takes on a task without having all the necessary resources from the start. It explains that existing businesses are being disrupted rapidly and companies need to innovate to stay competitive. Innovation is developing new solutions or ways of doing things to create value, while entrepreneurship involves pursuing opportunities based on innovation without existing resources. Innovations can come from R&D, entering new markets, customer insights, an entrepreneur's vision, persevering through failures, and building on others' work.

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    You are on page 1of 12

    ASU321 Innovation and Entrepreneurship

    Lecture 2

    Mohamed Abdelaziz
    Mohamed_abdelaziz@eng.asu.edu.eg
    Who is an Entrepreneur?
    • An entrepreneur is anyone who takes on a task without having all of the resources necessary
    to accomplish that task available at the outset.

    • Are you an Entrepreneur?

    https://www.menti.com/algtigdpmmon

    2
    Why innovation and entrepreneurship?
    • Existing businesses and companies are being
    disrupted rapidly.
    • The concept of Unicorns that are increasing recently.
    • Companies pride is usually about innovation,
    products and people.
    • Improve the global competitiveness by transitioning
    from economies based on natural resources,
    manufacturing or engineering to new ways to enter
    new markets.
    • Innovative companies, entrepreneurial companies,
    typically do a much better job and are much more
    attractive when it comes to bringing in talent.
    • If your company doesn’t innovate, your competitor
    will.

    3
    Define Innovation and Entrepreneurship
    • https://www.menti.com/algtigdpmmon

    4
    Define Innovation and Entrepreneurship
    • Innovation: developing a new solution or new way of doing something that drives
    differentiation and creates measurable value.
    • Entrepreneurship: pursue opportunities - often, but not always, based on innovation - without
    regard to the resources directly and currently controlled.

    5
    What are the relationship between

    Innovation Invention

    Entrepreneurshi
    Idea
    p

    6
    What are the relationship between

    7
    Where does innovations come from?
    • R&D facilities
    • Internally generated research
    • Entering new markets
    • Insights that a leader might have
    • A need communicated by an outsider, customer, partner, or other stakeholder.
    • A vision of an entrepreneur
    • Asking questions
    • Seeing unanswered questions
    • Perseverance – learning from your failures
    • Built on work of others
    • A bit of good luck
    • Keep your mind open

    8
    Innovation simple framework

    9
    10
    How to drive innovations?

    11
    How to drive innovations?

    12

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