Unit Coordinator

Dr Philip Ely

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Acknowledgement to Country
Week 1: Introduction
The unit, assessments and key concepts

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What does the unit entail?
Syllabus
 
The unit is research and theory-based but practice-oriented. Utilising fieldwork
interviews with real-life entrepreneurs it aims to ensure that students are fully aware of
the issues and challenges associated with the tough business realities of being an
entrepreneur. This is achieved by examining and analysing the characteristics of the
entrepreneur and their new and/or growing business.

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This Photo by Unknown Author is licensed under CC BY-SA
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Learning Activities

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Assessments
1. Annotated Bibliography (Information Graphic), Week 6, Friday 1
September at 12pm (noon)
2. Analysis (Entrepreneur Interview Analysis), Week 12, Friday 13
October at 12pm (noon)
3. Report (Reflective Report), Week 15, Tuesday 31 October at 12pm
(noon)

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Key Texts

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https://socialstartuptoolkit.com/home/download-resources/
Where are we coming from?
 For: establish own venture
 About: future research for policy
or ecosystems
 Through: apply it to workplace

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Assessments
1 2 3

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Reading for seminar

Paul Cave
Case Study on
pp.30-31

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Discussion
 Identify some of the entrepreneurial
concepts presented in the case?
 Identify challenges Paul Cave faced in
establishing and running his business?
 What are the key lessons in
entrepreneurship we could learn from Paul
Cave?

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 Derivation and definition

entreprendre – “to undertake”

 social or business innovator
 who recognises and seizes opportunities
 converts those opportunities into workable/marketable ideas
 adds value through time, effort, money or skills
 assumes the risks of the competitive marketplace to implement these ideas
 realises the rewards from these efforts.
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 Definitions of entrepreneurship

Driven by a profit
Business motive – constantly
entrepreneurs innovating for
market share

Driven by a mission
Social to fill gaps left by the
entrepreneurs market and public
sector
Entrepreneurs are different from small-
business owners

• Prefer a more stable and

Small- less aggressive approach
• Would rather exploit
business existing opportunities
owners • Operate in existing markets
Entrepreneurs and innovators at the core of
the economy

• Entrepreneurial Skills
• the ability to consolidate resources
• a strong desire for autonomy and ‘considered’ risk tasking
• brashness, or confidence, along with competitiveness
• be goal-orientated, and sense opportunities
• be intuitive and pragmatic
• and, the ability to learn from their mistakes and gather resources
to overcome same.
Entrepreneurship Through The Ages
• Primitive hunter-gatherers sought niche
advantage in the wild marketplace.
• Ancient Assyrians had innovation and a
corps of knowledge workers.
• Phoenician traders peacefully connected
cultures through trade.
• Roman nobles let slaves run their
enterprises.
• The Bible forbade entrepreneurship
(‘usury’).
‘He [who] lends at usury
and takes excessive
interest. Will such a man
live? He will not!
Because he has done all
these detestable things,
he will surely be put to
death and his blood will
be on his own head’.
Theoretical Approaches to Entrepreneurship
A theory can predict future
activity, or at least prescribe
the right action in particular
circumstances.
a coherent formulation of
relationships

A theory of entrepreneurship
is defined as:

or underlying principles that

explain entrepreneurship.

Entrepreneurship is
interdisciplinary.
 Schools of
Entrepreneurial Thought
 External factors and surrounding
conditions and influences that affect a
potential entrepreneur’s lifestyle.
Based on the capital-seeking process –
the search for seed and growth capital is
the entire focus of this entrepreneurial
emphasis.

Social Financial/
and cultural capital

Macro
View
Displacement Ecological

Holds that society can hinder a person. The

Comes from the growing perception of
frustrated individual fights adversity and pursues
the natural world and our relationship
a venture when they are prevented or displaced
with it as entrepreneurs.
from doing other activities.
Traits common to successful entrepreneurs, such
as self-efficacy, proactive personality, tenacity, Right idea/right time/right market niche –
need for achievement and stress tolerance. the importance of preparation and
awareness.

Entrepreneurial
traits Venture
opportunity

Micro View
Strategic
formulation

The importance of planning a successful enterprise –

leveraging unique, identifiable elements to form a venture:
Unique markets, people, products, and resources.
 Strategic pathways

UNIQUE UNIQUE UNIQUE UNIQUE

MARKETS PEOPLE PRODUCTS RESOURCES

Identifying new Those who have Which incorporate The ability to gather,
segments not currently specific skills or innovations… to or harness special
being serviced, arising talents around effectively tap into resources, over the
from perceived gaps... which the venture new markets. long term, to improve
is built … efficiencies in natural
and human resources.
The Process Approach
The Dynamic States Model
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 Types of Entrepreneurs

Seniorpreneu Business Social

Copreneurs
r Entrepreneur Entrepreneur
 Entrepreneurial Traits

Identify
Self-efficacy Collaboration opportunities

Empathy Perspective Communication

 Alan Gibb

Image courtesy of International Centre for Entrepreneurship

Studies at:
http://www.ices.hr/en/wp-content/uploads/2012/03/Gibb01.jpg

Gibb, A. (2005). Towards the entrepreneurial university—

Entrepreneurship education as a lever for change. In NCGE Policy
Paper Series (Vol. 26). https://doi.org/10.1080/03797720120116004
‘Your’ school of thought
 Entrepreneurial Revolution

Globally driven Achievement The ‘Asian Tiger’

by SMEs based
 Global
Entrepreneurship Monitor
Gazelles & Unicorns
Enterprises that stand out from average entities, based on:

Competitiv
Growth The 10X
Scalability e
rate rule
advantage
Our entrepreneurial economy

 Entrepreneurship
– the symbol of business tenacity and achievement
 Entrepreneurial spirit is more alive than ever before
 Young entrepreneurs have become known as Generation E
 Curtin is the Australian lead university conducting research for the Global
Entrepreneurship Student Spirit Survey (GUESSS) and we found:
 The MOST common career intention for students 5 years after graduation
was becoming a founding entrepreneur (35.2%);
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 Eventually, you want to start-up your own business.
Your education
 The higher your educational level, the more
likely you will be an entrepreneur.
 This is influenced by whether the curriculum is
relevant and the messages from your family,
peers and culture.
 Education should accelerate your self-efficacy.
 OUR ENTREPRENEUR
Youth
COMMUNITY Global
Curtinnovation Ignitio Entrepreneurs Accelerate Entrepreneurship
Entrepreneurship Awards n In Residence
with a focus on WTF with a focus on
inspiration, Startup Entrepreneurs talent attraction to
UG & Start-up Kickstart
motivation, Weekend Hub + Research WA and global
PG Internships Fund
capability building Infrastructure outlook for WA
Units
& advocacy Access start-ups

CURIOUS START-UP SCALE-UP

 FOR THE CURIOUS
& EAGER TO
LEARN
Entrepreneur- Global Pitching
Related Units Competition
A variety of entrepreneur- related Students across all global campuses are
curriculum is available to current invited to pitch their idea to solve a
students across all faculties. global problem, not matter how big or
small.

Student Startup
Weekend
Delivered with Bloom, this exciting, 54-hour experience will expose students to the
foundations of startup business development.
 FOR THE EARLY-
STAGE
ENTREPRENEUR
Curtinnovation Awards
Held annually, the Curtinnovation Awards celebrate those individuals and
teams who are working on next generation products or services that can
transform and diversify our economy. The awards are now a focal point
of the WA innovation calendar and have been running for 15 years.

Curtin Ignition
This intensive, one-week training program for aspiring entrepreneurs, academics,
and corporate innovators is designed to both trial and prepare business ideas for the
commercial environment. The Curtin Ignition program runs from 3 - 8 September
2023.
 Advice and mentorship
FOR ALL Receive guidance from our Entrepreneurs in
Residence and entrepreneur experts

Access to Curtin resources

Access Curtin infrastructure, services, and talent to
help develop your product or service.

JOIN
Space to explore ideas
TODAY! Build your business from one of hot-desks in our
Entrepreneurs Hub complete with free Wi-Fi,
printing, and kitchen.

Exclusive Invitations
Attend regular online and offline networking events
with fellow members with special guests.

24/7 Support
A free membership community that provides the resources, support, Join our online community to share insights,
and network required to build a successful, scaleable venture. learnings, and resources all year round.

entrepreneurship@curtin.edu.au
Closing Remarks

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Key concepts
• Entrepreneurship
– A dynamic process of vision, change and creation
– Application of energy and passion
– Towards implementation of new ideas and creative solutions
• Entrepreneur
– An innovator or developer who recognises and seizes
opportunities
– Converts these into marketable ideas
– Adds value through time, effort, money and skills
– Assumes the risks of the competitive marketplace
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References:
• Barringer, B. R. & R. D. Ireland. 2008. Entrepreneurship – Successfully launching new
ventures, Pearson Education, Upper Saddle River, New Jersey.
• Frederick, H. H., A. J. O'Connor, & D.F. Kurakto. 2019. Entrepreneurship: Theory,
Process, Practice, 5th edition. Melbourne, Australia: Cengage Learning.
• Timmons, J.A., L. M. Gillin, S. L. Burshtein & S. Spinelli. 2011. New Venture Creation:
Entrepreneurship for the 21st century – A Pacific Rim Perspective, North Ryde, New South
Wales, McGraw-Hill Australia Pty Ltd.
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