1. New Venture Development Week-1
Instructor: Bora ÖZKENT

2. Today’s Agenda Getting to know each other Course introduction
Syllabus
My Role
Communication
Discussion Topics
Why is entrepreneurship a rising star?
How can entrepreneurship help us in building a better world?
Team Formation

3. Bora Özkent 1968 Ankara Education Professional 1991 METU, Management
1997 KU, Executive MBA
Professional
Arthur Andersen Audit:
Arthur Andersen Business Consulting:
ATK Tekstil-Director of Strategic Planning:
BTK Tekstil-Owner:
Long Vacation:
Fed Training-CEO, Partner and Chief Trainer:
Özkent & Taysever-Owner: 2008-Today

4. Bora Özkent Özkent & Taysever (www.ozkentvetaysever.com)
Innovation
Customer Experience Management - Partnership with Strativity
Entrepreneurship – Partnership with Startup Company
General Management Training Programs
I am a Active Blogger
(Innovation, customer experience, management and whatever I like)
(Entrepreneurship)
In Social Media
Twitter: boraozkent and twittwitgirisim
Facebook: boraozkent and ozkentvetaysever

5. My Book Reference book in customer experience management
Is strongly related with innovation and entrepreneurship
Recommended read for Turkish speaking students

6. twittwitgirisim.blogspot.com

8. Preparing for the Dragons

9. New Venture Coaching

10. I Entrepreneur College Intrapreneurship
Trading Levis Jeans from black market to the campus
Free-lance tourist guiding – not totally legal!
Intrapreneurship
Arthur Andersen Business Consulting:
Participated in building Turkey’s largest consulting company
Established the retail consulting practice from scratch
ATK Tekstil:
Assisted to a financially distressed company during the turnaround
Participated in establishing GAAT International, a totally fresh idea in B2B
Fed Training:
Co-Established the innovation practice with Professor Arman Kırım
Turned around the firm from 500 K to 3 M (Dollars)

11. I Entrepreneur First Real Entrepreneurial Attempt Özkent & Taysever
Innovative retail idea
Total execution disaster
Went bankrupt
Özkent & Taysever
1 M US Dollars average revenue
Profitable, traditional business model with extremely low cost structure
Life style entrepreneurship – care more for vacations
No growth intention
New Venture Ideas for
Startup Company - Entrepreneurship Coaching and Mentoring
Entrepreneurship Web Site - Publishing

12. So, Who Are You? Very short background Entrepreneurial experience?
Entrepreneurial intention?
Biggest expectancy from the course? (If any)

13. Course Syllabus Confession: I am rookie college instructor
This a rookie’s syllabus, so yes it may change
But something are for sure
Our text book – and we will use it a lot
You are going to prepare a business plan
And the business plan is the single most important determinant of your course grade

14. Course Syllabus Why don’t you just read it?
My aim is to make you entrepreneurs (or intrapreneurs)
I will try to provide with simple tools, methodologies (what really works)
We will have guests (a lot of them actually)
I have special interest in:
Creativity and Innovation
Social Entrepreneurship
Lean Startup Methodology
I highly appreciate in class participation and thorough preparation
I also appreciate following my blogs and social media accounts

15. Course Syllabus
Weeks… 1 2
3-6
7-9
10-11
12-14

16. My Role Can entrepreneurship be taught? No I don’t think so.
But there are some frameworks, tools, methodologies, and entrepreneurial attitudes and behaviors that can be learned and practiced. And if applied, they can significantly increase your entrepreneurial capabilities.
I also believe that as you learn more about entrepreneurship, you will be more inclined to be one. (Or you might decide whether entrepreneurship is good for you.)
I see my job only as an enabler, helping out to get the genie of entrepreneurship out of the bottle.
And I can share few tricks and introduce to you some people who know even better tricks.
The rest is your job.

17. To communicate bora@ozkentvetaysever.com
Office Phone (Sebahat Gün)
And in case of emergency:
Will stay around after classes for questions and inquires

18. Discussion 1
Why is entrepreneurship a rising star?

19. Is entrepreneurship really a rising star?

20. Is entrepreneurship really a rising star?
In short: Yes it is.
Between 2007 and 2010, the percentage of people who started businesses each month increased from 0.30 percent to percent, while the percentage of people who started new employer firms each quarter dropped from percent to 0.10 percent. (US)
In Turkey (Percentage of entrepreneurs among grown-up population)
2008 %4,6
2010 % 10,7
Nobel Prize
Muhammad Yunus Grameen Bank –Micro Credit
Education and Process
New management model and educational needs
Universities & independent institutions
Coaches, incubators, accelerators
Crowdventuring (Quriky)
Funding
Angels, venture capitalists, startup banking
Startup and idea competitions
Crowdfunding (Kickstarter)
Government support

21. @boraozkent

23. Why is entrepreneurship a rising star?
Globally
In Turkey

24. Why is entrepreneurship a rising star?
Globally
In Turkey
Recession and unemployment
Different life style expectancies
The enabling technology factors (i.e. internet, mobile, cloud)
Government support and incentives
Lower trust in corporate structures
Global factors are also valid In Turkey
Land of opportunities
Better opportunities for funding
Better ecosystem for entrepreneurship (incubators, angel investors, training and education)
Her Türk girişimci doğar

41. %67

42. Internet Impact
%54

51. The facts suggest otherwise. In 1976, Kodak invented the digital camera. In 1986, Kodak announced the development of the world's first megapixel digital sensor small enough for a handheld camera, one that had 1.4 million pixels. In 1994, Kodak introduced the first digital camera under $1,000. Between 1985 and 1994, Kodak invested some $5 billion into digital research & development.

62. innovation

63. entrepreneurship
or intrapreneurship

64. Discussion 2
How can entrepreneurship help us in building a better world?

65. Is entrepreneurship really building a better world?

66. Is entrepreneurship really building a better world
In short: Yes it is.
Around %60 to %80 of new jobs are created by small firms.
Intrapreneurship spurs innovation:
Since WW2 startups have made %50 of all innovation and 95% of radical innovation in US
24 times more innovation per R&D dollars
Regenerates economy by creating new industries
Fortune 500 %35 replacement took 20 years in Now it is three to four years. (Facebook, Google, Amazon, EBay etc.)
More efficient use of capital through venture capitalism
Social and economic mobility
Opportunity for the poor to get reached
Increasing effects of social entrepreneurship

68. For the Next Week
Form your teams (All case studies are team assignments)
Case study: Roxane Quimby in page 119
Read Chapter 2 in your text books and prepare for discussion topics of Week 2 in syllabus
Personal exercise: Exercise#2 in page 67 (will be delivered in written form)