What is Entrepreneurship
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- Опубликовано: 27 июл 2024
- MIT 15.390 New Enterprises, Fall 2013
View the complete course: ocw.mit.edu/15-390F13
Instructor: Bill Aulet
In this video, two dramatically different types of entrepreneurship are discussed: Small and Medium Enterprise Entrepreneurship (SME) and Innovation Driven Enterprise Entrepreneurship (IDE) and what this distinction means for aspiring entrepreneurs.
License: Creative Commons BY-NC-SA
More information at ocw.mit.edu/terms
More courses at ocw.mit.edu
I love the fact that we have the ability to learn mostly anything at our own will and ability. ..
The internet
Very true
Except we humans are cursed with this psychological phenomenon known as 'Transience' in which we forget lots of crucial things as we age
It's these types of videos as well as the internet, that I wish was available when I was younger. Good stuff.
Networkrr, it is never late
It was available when you were younger -- I know you meant much younger I'm just pulling your leg [smile]
Thank you! Clear distinction between SME and IDE. Ignoring this might be accountable for lots of the confusion and frustration observed among people involved in entrepreneurship.
Great information, especially for those who know nothing about entrepreneurship but are looking to get into it. Awesome video! 👍
Thank you
this video helped me to understand well about entrepreneurship.
SME = mom n' pop shop
IDE = franchised company or corperation
No. McDonald’s isn’t in the same business as Tesla or neurolink. McDonald’s is technically a subset of sme.
Wrong.
IDE is more scalable. We need big cash for those.
Beautiful. well explained in simple way
Grt! Very well explained the different types of e'ship!
I'm still in the SME, but trying to move IDE though it's tough...
Absolutely well done and definitely keep it up!!! 👍👍👍👍👍
Bill Aulet, greatest teachers in the of business thinking.
Mind blowing 🙏🙏
Thank you for this! Interesting - great for my Entrepreneurship 12 class.
I find it is very useful since we do not know what it exactly means when people use the word.
good insight looking forward to learn more
1. SME can go Franchise and become Global or Super Region.
2. SME are based on Innovation "maybe no digital". They create Innovation for the local accessible market first, then expand to a larger markets.
3. IDE can also be family/single own, and don't always rely on investors.
You are after the fact rationalizing from a limited group and limited experience.
Very good lesson
When it comes to academics they create their own terms and words so that there's a right and a wrong about it very little is left to subjectivity -- he gave you the terms he gave you the rules related to the terms they are not subject to arbitrary change. Ifyou can make your own terms and your own rules for those terms you get to enjoy the same liberty.
Wow by your definitions of SME and IDE it looks like Truck Taxi will bs a hybridization of both.
This is the fact happened in many large enterprise, however few leaderships realize this and they only see the valley that you are keeping losing money which they don't see as investment. Eventually it is a tragedy.
modern entrepreneurship is defined by a certain way of making money, it begins with seed capital and ends with M&A and IPO/LBO. And it requires a certain management style and mindset.
On the other hand, SMEs aren't entrepreneurial enterprises, because they tend to focus on cash flow rather than growth, sales rather than innovation, local market share rather than new markets.
Unless the SME is managed in an entrepreneurial way, it's called a business not a start-up, and the owners are called business owners or business men, not entrepreneurs.
Sir you're contradicting most of the modern research findings with your explanation
I fully agree with your statement, he needs to go back an conduct a proper research then make his videos
On other hand SMEs
Just on managerial to specific.
Sir
Tks
Your channel is AWESOME
THANK YOU~
This is really helpful!
Thank you very much for giving me the knowledge about the situation, it is very helpful. the video is good
Great information--thanks for sharing!!
Great video, thanks for the this!
Ideological attempt to harness ambitions and neuroses for "good"?
Hey that's Truck Taxi
This helped me pass my EMS exam
Great course. I love the way it was presented in a compact way.
Nice, SME concept explain is very good #prashantkhande
thank you for sharing this, have a good day sir!
useful information, keep it up, be a blessing to more people in knowledge and form
I am thinking about a new type of restaurants : eating-spots,
in eating-spots, food keeps changing, chefs also rotate,
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
I kind off disagree a bit, what about small business in a local market that starts and then turns out globally?
It won't lose money at the beginning and the same time it won't end up logarithmically financial wise. What do you think? Is that another model for an enterprise runtime?
It would be more of a franchise or firm. Examples include international insurance companies, banking, and services.
Yes, there is cross over. I'm on track to send the pitch by Wednesday.
Very informative, thank you very much.
It is very true. It makes me wonder for a long time now I have an explanation
thank you
TechieYouth refers us to these videos and it's extremely good one.. Great video
I am making my own entrepreneurial course will be very good
Cyber Sentience yes
Sorry for saying this after one year
Nice video...very well explained.
you were on point
This is assuming small businesses don't share the 'initial negative cash flow' characteristics with the innovation-driven enterprises...
Thank you, Very well video.
Thank you for sharing your videos! I subscribe and liked your channel :)
Great insight--thnx!
Entrepreneurship is... the identification and pursuit of opportunities for new value creation - irrespective of market reach or ownership
see ruclips.net/video/ypOb3scm9eU/видео.html
Great video!
Very cool video keep up the amazing content
Definions should be mutually comprehensive and exlusive. But this simlification is not a good definition. How about an SME that is innovation driven? All big businesses start small (SME) and the become global.
Thank you
Great Video🎥 Very well explained and good Information. Thanks keep posting.
Warm Regards
The UnknownManCub. 👍😎
Big help thanks
Fantastic!
Outstanding sir
Can anyone suggest me any book related to entrepreneurship?
You can go to MIT to learn more on their open course.
I absolutely plan to expand globally.
Thank you so much sir
MIT is amazing.
SME can be innovative too.. btw nice .
i think the best way to think about it is that one needs a lot of capital because it tends to use high tech machinery/robotics and copyrighted intellectual property rights that competitors cant use, whereas the other is relegated to manual labor in a competitive market. its the big fish and the small fry.
innovative is used because it sounds good when you're trying to get a politician to manipulate laws and permits in your favor :P
It's very helpful
Test tomorrow morning and tryna learn this
Kay Tay you go to mount Lawley?
Powerful tool
Do you have a business?
Good share. Thanks for this.
well acknowledged
very informative video
thankyou
okay this is good but what are IDE s?
Juliet Nakayima IDE stands for Innovation Driven Entrepreneurship. An entrepreneurship coming out of an innovation that has the potential to scale up to a large geographic and demographic group!
That was an amazing way to put it.
I wanna start a company like Samsung like make mobile phone, house hold appliances & also like apple ...give something new & unique ..... I'm 1st year BE(cs) student....& I have tons of ideas... so how to start coz starting a company like that is riskiest thing & I'm not a rich kid....I wanna make money of my own....
Unknown Person why should I buy your phones and not Apples or Samsungs?
Nokia Lum coz Samsung's UI sucks.....and not everyone can afford iPhone.....
I can make fully bezel less without any notch or pop up camera
hi
I love this
Great work! Keep up the excellent content ⭐️⭐️⭐️⭐️⭐️
Love the video, thanks! :)
WoW..Great
Who else had this video for a class assignment
Great video! :D
2020年2月26日 in UTAS
In fact Michael Jordan really try to be a baseball player too for some years
And that went to the professor's point the fact that although Michael Jordan was the number one basketball player in a professional sport his skill-set did not transfer to another sport at the same performance level.
Or a party bus business
oljira good presentation
Good
I am sorry you are wrong, SME or IDE any new business will have negative cashflows initially. Your definition is artificial and incorrect.
Rather than cash flows you could have just focused on innovation or the impact the IDE has v/s the SME's. Negative Cash flows do not define or separate the 2 kind of start-ups, only their scope and impact does.
P.S. Some SME's can be innovative as well, just their markets are smaller, so they cannot grow as much. In that case innovation too is not a differentiator. The real differentiator is scale and impact to the society, I guess.
Be very careful when you tell an academic that they're wrong. You must remember the institution create their own terms and parameters for those terms.
After a term has been created accepted and reviewed by the peers then that term and parameters are taught in academic circles with little change in order to ensure transferability and common understanding across a large International student population
Those who wish to argue about the merits of the terms or definitions for the terms may do so in their own articles and thesis so that it may be put up for academic review.
Entrepreneurship or an MBA?
Cant make up my mind.
Then do both.
Oh yeah yeah
You gave me a heart stroke. I thought my mobile screen was damaged. (Background of your video) 😃
Lol
Even though Igave you a like ,my only complaint is about MJ.
need in global and adress that not just local small enterprises
serve the need of the world
innovation driven enterprise
global market to serve
more talent
teamleverage
talent leverage
capital leverage
unlimited market
innovation taht unique can be adressed to much broader market
more broader not local
by shareholder
MGMT1328885 I get this! Useful, simple and easy to understand. Yay! 1018
MJ was a bad example, he was a professional basketball and baseball player but great video !!
Your statement is true and his intention was also true, although Michael Jordan was a pro basketball and a pro baseball player he was was great in one and horrible in the other.
So the professor's point was that although basketball and baseball are both Sports and a lot of the skill sets overlap it doesn't mean one can simply transfer his great athletic ability from one sport to the next sport and get the same or similar performance results.
Yall should emails me i wish to start a community, for mutual enlightenment towards aai VS AI
liked it
SME and IDE.... These are business and nothing innovative..... But how am SME's become IDE by some new idea is called Entrepreneurship
wait a minute this isnt pokemon roleplay
Modern digital fraud...
Eats up entrepreneurship. P
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lol
cool
Knowledge 1😂
First?
You see young graduates need to hear the truth. That is why you have beggars who go about flaunting their masters degree certificates everywhere. Most universities now have entrepreneurship centres because of the large number of students who graduate every year. If you are not able to secure a job immediately, you can start a small job that pays you monthly. You don't have to sit and wait for someone to give you a job that is why parents need to tell their children the truth. It doesn't make sense for a first class or second class upper graduate to submit their curriculum vitae to someone who had a third class degree. If you are more intelligent than them you should be the CEO of that company.
Ótimo.
UFMA
Very cool video keep up the amazing content