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What is E-ship? Why is E-ship Important? Who is in the E-ship Talent Pool? What are the Key Elements of E-ship? Program PowerPoint Presentation
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Entrepreneurship and HTC Sam Cordes*, Purdue University Presented at HomeTown Competitiveness Workshop Columbus, Indiana Jan. 28, 2009 * Several slides were “stolen” from Craig Schroeder . What is E-ship? Why is E-ship Important? Who is in the E-ship Talent Pool?

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Entrepreneurship and HTCSam Cordes*, Purdue UniversityPresented at HomeTown Competitiveness WorkshopColumbus, IndianaJan. 28, 2009 * Several slides were “stolen” from Craig Schroeder 

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What is E-ship?

Why is E-ship Important?

Who is in the E-ship Talent Pool?

What are the Key Elements of E-ship?

Programs and Resources to Support E-ship

e ship activity is growing for a reason
E-ship Activity is Growing for a Reason

Global Entrepreneurship Monitor:

“The level of entrepreneurial activity explains 70% of the difference in economic growth among G7 countries.”

GEM 2000

the limits of the business attraction strategy
The Limits of the Business Attraction Strategy

David Birch & Cogenics (on source of job growth)

55% Existing Business

44% Startups

1% Relocations

“Keep your tax incentives and highway interchanges, we will go where the highly- skilled people are” - Hewlett-Packard CEO Carly Fiorina

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“When you discover you’re riding a dead horse, the best strategy is to dismount.”

Dakota Indian Tribal Wisdom

why assess the talent pool
Why Assess the Talent Pool?

“By understanding the entrepreneurial talent present in your community, it is possible to be more strategic in shaping an economic development program.”

entrepreneurial talent
Entrepreneurial Talent

Entrepreneurial Growth Companies

Entrepreneurs

Serial Es

Growth-Oriented

Business

Owners

Transition

Lifestyle

Survival

Potential

Entrepreneurs

Startup

Aspiring

Dreamers

Frustrated

Youth

Want to be An

Employee

Not Working

Limited

Potential

Can’t Work

aspiring entrepreneurs
Aspiring Entrepreneurs

Actively Considering Going into Business

Actively Researching a Business Idea

Attending Business Workshops

Networking and Testing Ideas with Others

Motivated Towards a Change in Their Life

startup entrepreneurs
Startup Entrepreneurs

Decision to Go

Thought Through Part of It

They Have an Idea

They Have a Plan

They Need Help

growth oriented entrepreneurs
Growth Oriented Entrepreneurs

Already in Business

Successful

Driven to Create Substantial Business (Jobs)

Emerging Market

New Product or Service

high growth entrepreneurs
High Growth Entrepreneurs

Entrepreneurial Growth Companies or EGCs

2/3 of Job Creation

2/3 of Business Growth

50% of Business Innovation

4-5%

of All Firms

Present

Everywhere

Difference

Makers

entrepreneurship vis vis horse racing
Entrepreneurship vis-à-vis Horse Racing

The Horse – The Business Idea

entrepreneurship vis vis horse racing1
Entrepreneurship vis-à-vis Horse Racing

The Horse – The Business Idea

The Jockey – The Entrepreneur

entrepreneurship vis vis horse racing2
Entrepreneurship vis-à-vis Horse Racing

The Horse – The Business Idea

The Jockey – The Entrepreneur

The Track – The Entrepreneurial Ecosystem

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Why is the Race Track Important?...AND…

Who Has Responsibility for Taking Care of and Improving the Race Track?

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Leadership and organizational capacitySupport services and resourcesRules, regulations and policies Data, information and analysis A history, culture and institutional memoryConversationsNetworksOther??

Track Ingredients

final thought private sector e ship requires social e ship and l ship

Final Thought…(Private Sector) E-ship Requires (Social) E-shipand L-ship

Goal: Create an entrepreneurial culture and community…..one that includes public and private sectors, including the nonprofit sector

contact
Contact

Sam Cordes

Purdue University

1201 West State Street, #236West Lafayette, Indiana 47907-2057(765) 494-7273

smcordes@purdue.edu

This presentation is available for download and discussion at the

Purdue Center for Regional Development blog

http://pcrd.typepad.com