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ASU321 Lecture2

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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Kerolos Rafeek
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18 views

ASU321 Lecture2

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.

Uploaded by

Kerolos Rafeek
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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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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