CPD Course
Executive Director
mustafa.syed@nfrd.org
Enterprise Development Group
National Foundation for Resource Development
7th April 2012 Islamabad
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2012
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2012
$2 trillion
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Largest World2012
Economy
11th
2006 Data
$2.5 trillion
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Largest World2012
Economy
9th
2010 Data
Entrepreneurship Definitions
Knight (1921) Profits From Bearing Uncertainty And Risks
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Individual
Cole (1952) Purposeful
Activityfor
To Initiate
And Develop A
Profit-oriented Business
Self-Learning Only.
Mcclelland (1961) Moderate Risk Taking
All
Rights
Reserved.
Casson (1982) Decision And Judgments About The
Coordination Of Scarce Resources
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Individual
Self-Learning
Only.
Resource Gathering And The Founding Of
An Economic
Organization
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2012
9
Entrepreneurship
The Creation Of An Innovative Economic
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for
Individual
Organization For The Purpose Of Gain Or
GrowthSelf-Learning
Under Conditions OfOnly.
Risk And
Uncertainty
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o Rare
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for
Individual
o Valuable
o Hard
To Duplicate
Self-Learning
Only.
o Have No Good Substitutes
All
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To Obtain A Sustainable Competitive Advantage
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Who is an Entrepreneur ?
Previously
Now
True Entrepreneur
Snap Decisions
Overwhelmingly Male
Earning a living
Boss
Leaderfor Individual
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Lone Ranger
Networker
Secretive Self-Learning
Open
Only.
Self-reliant
Inquisitive
All RightsBusiness
Reserved.
Off the Cuff
Planner/Strategist
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Technology for Automation
Technology for Innovation
12
New Entrepreneurs
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Aware & ActiveCopy
Academia
for Individual
Mid Career Professionals & Executives
Only.
Talent Self-Learning
From Downsized Companies
Early All
Retirees
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Quest For Status
Control Over Personal Life
Local Need Analysis & Solution
Globalization
Opportunities 2012
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Environment
New
Enterprise
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Constraints
Organization
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14
The Individual
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Psychological, Sociological
AndIndividual
Demographic
Characteristics
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Experience, Knowledge, Expertise And
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Training
Character & Professionalism
Personal Integrity
EthicsCopyright
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Ethical Behavior
Any business decision that creates value for the
customer by matching quality and price
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2012
17
Environment
Opportunities In The Form of Resources
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People
Technology
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Money
Rights
AcquireAll
Resources
AndReserved.
Combine Them With
The Ones Already Present to Deliver Value
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Constraints or Threats
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Economic Organization
Value Proposition
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for Individual
o Drive And Motivation
Embodiment
Cultivate Form And Structure
Self-Learning
Only.
o Functional
Level Strategies
Find Entry
Wedges
Or Points
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o To Penetrate Or Create A Market
Build Isolating Mechanisms
o To Protect Its Positions
Define Culture
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o Philosophical Concerns
The for
Function
Intended
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Individual
Product-Based
o ProductSelf-Learning
Or Service Attribute Held Only.
In High Regard
User-Based
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o User Preferences
are Subjective
Manufacturing-Based
Value-Based
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People-Based
o Quality Of Team
o Quality Of Decisions
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Be a Dynamic Entrepreneur!
2012
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Is Entrepreneurship For2012
You?
2012
NEW
NEW
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Business Concept
Personal Resources and Objectives
Product/Service
Market Description/Analysis
Sales and Marketing Plan
Practical Organizing of your Business
Business Development Strategy
Budgets
Financing Options
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3 FATAL FLAWS
Business Issues
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Understand the Copy
process offor
building
a business
Team,Self-Learning
Resources & Market Pain
must intersect!
Only.
Personal Issues
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CEO Focus, Skills and Understanding
Team Quality
Organizational Issues
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3 POWER POSITIONS
Best Total Cost
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Individual
Operational Excellence
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Best Products
Product
Technology Reserved.
Leadership
All& Rights
Best Service
Customer Focus
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National Initiatives
Business Support Organizations
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NFRD
NUST
Superior University
NUML
IBA
LUMS
IMS
NWFP - UET
SUIT
KUST
Bahauddin Zakariya University
PAF - Karachi Institute of Economics & Technology
Mohammad Ali Jinnah University
University of Management & Technology (UMT) Center for Entrepreneurship and
Innovation (CENTIN)
o University of Veterinary & Animal Science
2012
Business Incubators
NFRD
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for
Individual
TIC - This is an initiative of NUST at
Self-Learning Only.
Islamabad
Askari All
Commercial
An AWT
RightsEnterprises
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initiative for the benefit of retired Army
Officers
E-Magine Group
PSEB Smart
Plug & Play Incubator
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Saif Center for Innovation
Networking Forums
NFRD
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for
Individual
OPEN Pakistan
Self-Learning Only.
TiE Pakistan
All Rights
Reserved.
Entrepreneurship
Pakistan
Conference
All Pakistan Entrepreneurs Exchange
TAN: Tech Angel Network
Pakistan Private Equity and Venture Capital
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2012
Association
of Europe
2012
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2012
NFRD
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2012
Entrepreneurship EcoSystem
Capacity Building
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for
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Integrated Education
Self-Learning Only.
Training
Skills Development
All Rights Reserved.
Career Counseling & Job Placement
Mentoring
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2012
Entrepreneurship EcoSystem
Enterprise Development
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for
Individual
Business Information & Consultancy
Self-Learning
Only.
Workshops,
Seminars & Courses
Business Incubation
All Rights Reserved.
Business Opportunities
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Entrepreneurship EcoSystem
Network Development
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for
Individual
Independent Associated Group of Businesses
Self-Learning Only.
Academia-Business-Industry-Government
Linkages
All
Rights
Reserved.
International Linkages
Sales & Marketing Channels
Business Grid
Education Grid
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Business Resources
Business Planning
Market Research
Feasibility Plans
Business Incorporation
Agreements & Contracts
Incubation
Market Access
Network & Linkages
Investments
2012
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Conclusion
Entrepreneurship is a viable and rewarding option
It is the back bone of Innovation, Creativity,
Sustained Advantage & Economic Well-Being of a
Nation
Infrastructure, Tools and Support Environment is
Available
The Drive and Motivation of the Entrepreneur is the
Key Ingredient
Journey Itself is the Reward of Entrepreneurship!
2012
2012
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Executive Director
mustafa.syed@nfrd.org
Enterprise Development Group
National Foundation for Resource Development
Copyright
2012
2012
Reference Books
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Reference Books
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