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Dingman Center for Entrepreneurship Smith School of Business University of Maryland HCIL Annual Symposium May 31 st , 2007. Agenda. Venture Creation Process Ideation Entrepreneurial Mindset Assessment Start the Business Implementation Iteration.
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Dingman Center for EntrepreneurshipSmith School of Business University of MarylandHCIL Annual SymposiumMay 31st, 2007 1
Agenda • Venture Creation Process Ideation • Entrepreneurial Mindset Assessment • Start the Business Implementation • Iteration 2
Opportunity Evaluation:Venture Creation Process • Think Big Ideas • Find a Business Model • Prove • Improve • Systematize the process • Disciplined decision • Virtuous cycle THIS HCI MODEL IS THE SAME AS THE VENTURE CREATION 3
Entrepreneurial Definitions • Create Value! • My Definition…….. 4
What fails • Static experiences • Complicated • Distracting • Inefficient • Incomplete 10
IMPLEMENTATIONFive Questions • Problem • Addressable Market • Your Solution • Team • Worthwhile 11
ITERATIONImprove the Model:Venture Creation Process • Ask the right questions • Learn from your mistakes • Think BIG IDEAS! 14
Summary • Solve a real problem • Understand Customers • Implement • Low Tech/Low Cost Rollout strategy • Leverage your Skills • Iteration Improve the Experience 15