Entrepreneur way of thinking

Entrepreneurial way of thinking RAJI GOGULAPATI, AUGUST 2014

Agenda

Thoughts about an entrepreneur

Emerging Trends in Technologies for business

Thought processes, methodologies, tools and techniques

Thoughts about an Entrepreneur entreprene

urabout an Thoughts

Think, act, learn cycle

Document

Find your path along the way!

• Don’t doubt yourself when you are doing your homework.

• Keep track of your findings. It is good to refer to yesterday’s work and have checklist for tomorrow. A three month plan is even better.

• You are as good as anyone to do the work. Believe.

Cliché Advice

Experimental

Focused

Dealing with failure

Sense of purpose

Collaborating

Self learning

Taking feedback

Traits of an entrepreneur

Ownership Self organized

Entrepreneurial Process

Passionate

Core Capabilities

Every one is a systems professional with infrastructure to build business - smart phone

Take advantage of Social, Mobile Cloud Convergence for bringing smart business ideas to shape

Technologies enable and drive business.

Top 15 Smartphone AppsJune 2014Total U.S. Smartphone Mobile Media Users, Age 18+ (iOS and Android Platforms)Source: comScore Mobile Metrix

Top 15 Apps % Reach

Smartphone App Audience 100.0% 1 Facebook (Mobile App) 73.6%

2 YouTube (Mobile App) 52.1%

3 Google Play (Mobile App) 52.1%

4 Google Search (Mobile App) 47.9%

5 Pandora Radio (Mobile App) 45.6%

6 Google Maps (Mobile App) 45.1%

7 Gmail (Mobile App) 41.5%

8 Instagram (Mobile App) 30.4%

9 Yahoo Stocks (Mobile App) 30.3%

10

Facebook Messenger (Mobile App) 26.9%

11

Apple Maps (Mobile App) 26.2%

12

Yahoo Weather Widget (Mobile App) 26.0%

13

iTunes Radio/iCloud (Mobile App) 22.5%

14

Twitter (Mobile App) 21.7%

15

Google+ (Mobile App) 20.3%

http://www.comscore.com/Insights/Market-Rankings/comScore-Reports-June-2014-US-Smartphone-Subscriber-Market-Share

Expectations

Innovation begets innovation

Disruption

Finding lasting success requires a deeply embedded value system with vigilance on strategy and hard core capabilities

Education

Daily digital

routines

Health

A few Examples

Emerging Trends in Education

Useful for teachers to design courses!

Learning is continuous for the learner!

Search and learn – key to enhance your learning!

Learning from anywhere, anytime, free courseware – about a decade and half old!

Khan Academy, OU on iTunes U

Coursera and Duolingo

For skills that matter in real world

Evolution of Mobile Applications for Businesses

New approaches to old ways

Daily digital routines with Mobile Apps

Business Applications continue to evolve

Slides 16-21 are fromhttp://www.slideshare.net/kleinerperkins/internet-trends-2014-05-28-14-pdf

Then, Now

Ever evolving ideas

Data driven, pattern finding business models

Communications – global context

Future of anything and everything

Healthcare – Mobile Apps for more personalized care http://www.mirror-project.eu/ http://mylifesoftware.com/

Opportunities to help are there in every neighborhood!

Transnational Diaspora Entrepreneurship

Torres-Coronas, Teresa, and Maria-Arantzazu Vidal-Blasco (eds). "Chapter 9 - The Role of ICT in Supporting Transnational Diaspora Entrepreneurship". Social E-Enterprise: Value Creation through ICT. IGI Global. © 2013.

Information technologies facilitate activities of entrepreneurs of host and migrant countries

Trade channels Diaspora channels

Universities and colleges

Mobile Banking

Thinking Techniques Methodologies

Framework

More and more major businesses and industries are being run on software and delivered as online services—from movies to agriculture to national defense ….…Software is also eating much of the value chain of industries that are widely viewed as primarily existing in the physical world ………..many people in the U.S. and around the world lack the education and skills required to participate in the great new companies coming out of the software revolution”

Marc Andreesen, Co-founder of Netscape in WSJ Aug 20, 2011

Software is eating the world!CONTEXT

System Thinking – helped build information system from scratch

Process Input

Basic computer information system

Output

Feedback

The world is a system of systems

Representing the world as a complex, interconnected, system-of-systems. Source: IBM Business Value study The world's US$4 trillion challenge: Using a system-of-systems approach to build a smarter plane

The report can be downloaded at http://www-935.ibm.com/services/us/gbs/bus/html/ibv-smarter-planet-system-of-systems.html

Glimpses Into Approaches to building Systems

Systems Development Life Cycle

Project Initiation Planning Requirements gathering System Analysis Design

Development Testing Implementation

Software Engineering is a discipline to build information systems

Apps are introducing new ways of building software applications!

Analytical thinking – Basis for Systems analysis

Helps solve complex problems by breaking problems into parts

Address questions:

Who, what, why, when, how?

Problem Recognition and Definition

User mentions a problem Is it a problem or symptom

Establish the need

Define the problem

Technical feasibility (Proof

of concept)

Economic feasibility (costs

vs Benefits)

Legal Feasibility (laws and

regulations)

Operational feasibility (historical acceptance

of IT systems, Personnel re-training)

Schedule feasibility (balancing time and

resource)

Feasibility Study

Current System

Analysis

Requirements analysis

Conceptual Design

Alternatives

Systems Analysis

Goals of systems analysis stage

Understand As-Is Determine To-Be

Understand current processes Determine requirements for the system being built

System Development Tools

Iterative Development – Theme

Design

Develop

TestJoint Application

Development User review

Requirements

Critical thinking

Learn how to learn

Blooms Taxonomy

Research Methods

Reference: http://www.clemson.edu/assessment/assessmentpractices/referencematerials/documents/Blooms%20Taxonomy%20Action%20Verbs.pdf

Platform thinking

Network effects Producers and Consumers

Interactions on information around a central theme – books on Amazon, tweets on Twitter

Rethinking traditional business design

Reference: http://platformed.info/the-platform-thinking-series/

Choices, Alternatives, Decision Making

Evaluate and Justify

A few cloud based apps for storage

Dropbox

Discipline to make dreams happen

Drop and pick up – bounce back

Design

Method

Stay focused

one thing at a time, small steps

Scale

Communication

Not easy - challenging

http://www.slideshare.net/WorldFutureSoc/tech-castglobalconsciousness

Many emerging technologies are changing the world view on every industry

Influence of Social, Mobile, cloud convergence is the just the beginning in the business world

Keep the curiosity about the abundance and promise offered by technologies

Concluding Remarks

https://www.techcastglobal.com/

Several tools, methodologies, techniques to get the job done!

Tell your story

Educating the Next Wave of Entrepreneurs – Unlocking Entrepreneurial Capabilities to Meet the GlobalChallenges of the 21st CenturySee http://www3.weforum.org/docs/IP/AM11/EE_Full Report_Final.pdf

Educating the Next Wave of Entrepreneurs – Unlocking Entrepreneurial Capabilities to Meet the GlobalChallenges of the 21st Century – Executive SummarySee http://www3.weforum.org/docs/WEF_GEI_EducatingNextEntrepreneurs_ExecutiveSummary_2009.pdf

References:

http://forumblog.org/2014/07/india-entrepreneurial-game/

http://economictimes.indiatimes.com/industry/services/retail/amazon-india-launches-pet-supplies-category/articleshow/39626772.cms

http://www.redbus.in/

http://www.akashtablet.com

Schlesinger, Leonard A. & Kiefer, Charles F. & Brown, Paul B.. ( © 2012). Just start: take action, embrace uncertainty, create the future.

McGrath, Rita Gunther & MacMillan, Ian. ( © 2000). The entrepreneurial mindset: strategies for continuously creating opportunity in an age of uncertainty

Cardon, M. S., Foo, M., Shepherd, D., & Wiklund, J. (2012). Exploring the Heart: Entrepreneurial Emotion Is a Hot Topic. Entrepreneurship: Theory & Practice,36(1), 1-10. doi:10.1111/j.1540-6520.2011.00501.x

Heath, Ralph. ( © 2009). Celebrating failure: the power of taking risks, making mistakes, and thinking big

Hansen, Morten T.. ( © 2009). Collaboration, how leaders avoid the traps, create unity, and reap big results.

Karlgaard, Rich. The Soft Edge: Where Great Companies Find Lasting Success. Jossey-Bass. © 2014.

References

https://www.uber.com/

http://cacm.acm.org/magazines/2013/11/169033-computing-technologies-for-reflective-creative-care-of-people-with-dementia/fulltext

References – contd.

http://blog.airbnb.com/belong-anywhere

https://www.dropbox.com/

Slides 16-21 are taken fromhttp://www.slideshare.net/kleinerperkins/internet-trends-2014-05-28-14-pdf