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Blog Keywords: Bangalore
IIM Bangalore
IIMB
Cultural Events
Management Education
Entrepreneurship
B-Schools
India

Monday, November 10, 2003

Posted 10:00 PM by Anurag
Entreprneurship

Just attended a talk by Prof. Howard H. Stevenson Sarofim-Rock Professor of Business Administration , Entrepreneurial Management, Harvard Business School. He's a veteran in Entrepreneurship research and a pioneer of Entrepreneurship department at Harvard Business School. According to him, entrepreneurship in today's context is about following:
1) Resource Mobility
Capital markets
Labor markets
Product markets
2) Reinvestment in the community
Angels
VCs
Employees
3) Celebrating other's success
The media
Prestigious institutions
Community
Scholars
4) Celebrating Change
Connectedness
Internet
Loss of protectionists' power
Getting governments on board
Overcoming the fear of science

Also according to Prof Howard, a Promoter/Entrepreneur operates very differently from the way a Manager/Trustee operates:
Parameter. Promoter/Entrepreneur Vs Manager/Trustee
Driver. Opportunity driven Vs Resource driven
Committment to Opportunity. Short & Quick Vs Long & slow
Committment of Resources. Minimal, with many stages Vs Complete in a single stage
Control. Use or buy Vs Own or employ

It was quite nice hearing from the expert himself on a subject that greatly interests me!
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