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

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 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.

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Define Innovation and Entrepreneurship
• https://www.menti.com/algtigdpmmon

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 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.

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What are the relationship between

Innovation Invention

Entrepreneurshi
Idea
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What are the relationship between

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 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

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Innovation simple framework

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How to drive innovations?

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How to drive innovations?

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