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On the first 3 days, all participants were given a serial lectures about business, innovation, and entrepreneurial thinking. How to look deeper, examine what happens in real-life, and analyze the problem also build good business to solve it.
Lecturer 1 – Prof. Dr. Klaus Sailer
Prof. Dr. Klaus Sailer is professor for Entrepreneurship at the Munich University of Applied Sciences and CEO of the Strascheg Center for Entrepreneurship (SCE). He´s a co-founder and in board at Social Entrepreneurship Akademie and also in board at Munich Network.
Here’s some key points from his lecture about Creativity and Innovation
Final creative ideas are combination of original and useful.
Creativity is about to
See problems from a new perspective.
Communicate and convince. (If you think it’s a great idea, doesn’t mean that everyone else thinks likewisely.)
legislative: decides what will be done
executive: carry this out
judicial: evaluate and learn
Intrinsic Motivation is needed (from inside) to have the resilience for the business, uncertainty, insecurity and problems.
Ask extreme users (those who don’t use your product) to test and evaluate your product!
new approach to existing problem(s) and creates value
People have to accept the innovation. People want to have a convenient solution.
“An innovation has to make an impact to society and to the company itself to survive.”
Bill Drayton (Ashoka-Founder)
When you have a start-up you don’t know what is going to happen. Must get along with this uncertainty.
Technical phase (Edison Era, everyone wants to have technical stuff)
Value phase (People want to receive value from products)
“We can’t take the obvious, we have to think out of the box. Changing business models.”
Having started by a problem, develop first the vision. Then only find the solution.
Innovation is not static, it’s moving and developing dynamically. It’s not linear, but chaotic.
PPP impact: People, Planet, Profit.
Lecturer 2 – Andrew Goldstein
Andy Goldstein is a serial entrepreneur who founded his first computer software company in Europe in 1983. 20 years later Andy sold his international firm to Avanquest Software SA and then served as Chief Operating Officer Europe for Avanquest for five years. Today he is on the Board of Directors as well as Chairman of the Merger and Acquisitions Committee.
Here’s some key points from his lecture about Entrepreneurial Thinking for Societal Level Change
If you make yourself think you need something what you don’t have – you have an excuse not to do it. You think you need it; you are not going to progress without receiving it.
Differentiate ascertaining something or declaring something
Declaration should be done by someone who has the according power (Marriage by a priest: I now declare you in man and wife.). In the end you have the power to do/declare in your life whatever you want.
Stop spending your valuable time about failure (how to fail).
How am I going to be when the failure shows up? That’s the question.
Do what you promise, what you have declared! And not give up? But in case of failure response to your fellow in responsible time frame and manner.
Be careful what you say. Your word has power and it should have credibility!
Define success before starting.
Rule 1: Take care of yourself (airplane and oxygen masks)
Rule 2: Take care of yourself so you can take care of others (Social Enterprise : The company has to be sustainable then it should be able to help others!!)
If you want to have something done, give it to someone who has a lot to do.
Be (Declare that you will become an entrepreneur) → Do (Do what a entrepreneur does) →
Have (Money, People, Ideas)
Afterwards, don’t say oh everybody can do it (giving away responsibility), but do it and grab it (taking responsibility) otherwise nobody will do.
6 degress of separation (you can get access to anyone at the most of 6 telephone calls).
No means Not yet/not me (ask later/someone else)
No more time + no more energy = huge productivity
e. g. before holiday and a tight deadline.
The fly which trying to fly through window, recognize the window you are flying against
Every breakdown is the opportunity for a breakthrough.
Lecturer 3 – David Romero
Professor, sr. research manager and consultant on entrepreneurship, innovation and technology management for technology-based projects and start-ups. Former Director for the Center for Business and Financial Innovation and Consulting and the Center for Incubation and High Technology Transfer at the Tecnológico de Monterrey, Campus Mexico City.
Here’s some key points from his lecture about Business Model Canvas & other Business Modeling Tools
Business Model Canvas
1. Unit sales
2. Advertising Fees
4. Utility (Sell good and services on a peruse or perconsumed basis)
5. Subscription (Sell access to your products over a time period)
Common Errors when conceiving a Business Opportunity
1. The idea has to be unique.
2. The idea has to be a conscious need of the market.
3. The best ideas are “always” lead to success.
4. An idea can be improved with more ideas.
3 Types of characters when founding a firm
1. Hacker (IT, technical skills)
2. Hustler (Businessman)
3. Hipster (Artist)
5 Project Questions
1. What is your innovation?
2. Who gains the most?
3. Who pays?
4. What is your success?
5. How will you do it?
Think BIG, start small, scale fast!
User is often not the customer.
Indonesia also has platform for green and socially-responsible investment – Socentix, stands for Social Entrepreneurship Investment Exchange.
Socentix tends to appeal emotions, exploit opportunities, and pander consciousness as a global village citizen. How could we saved the planet and make this world a better place to live for all. Socentix wants to give you opportunities to know how to run a business in the field of Green investments.
Indonesian Representative at Global Entrepreneurship Summer School 2013