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OU Society of Entrepreneurs 8 th May 2008

This event is being recorded and may be made available to the public via the internet and/or by other means. Audience members are participants in this process. Please turn off your mobile phones. OU Society of Entrepreneurs 8 th May 2008. OU Society of Entrepreneurs. Formal Launch

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OU Society of Entrepreneurs 8 th May 2008

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  1. This event is being recorded and may be made available to the public via the internet and/or by other means. Audience members are participants in this process.Please turn off your mobile phones OU Society of Entrepreneurs 8th May 2008

  2. OU Society of Entrepreneurs Formal Launch 8th May 2008

  3. Speakers • Thuta Aung OUSEN Co-President • Brigid Heywood PVC Research & Enterprise • Chris Dunkley Director, MK Enterprise Hub • Colin Gray Professor of Enterprise Development • Rob Paton Professor of Social Enterprise • Andy Burton OUSEN Co-President Open University Society of Entrepreneurs

  4. Thuta Aung Co-President • The Idea • The Brand • Complimenting Culture with OU • Our mission & vision • So far OUSEN is born!!!! Thank you! Open University Society of Entrepreneurs

  5. Prof Brigid Heywood Pro Vice Chancellor, Research and Enterprise

  6. Chris Dunkley Director MK Enterprise Hub

  7. Working with the people and ideas with the greatest commercial potential delivers true wealth creation… …so we provide specialist, personalised and professional support, free – to help the new wealth creators of the Milton Keynes Region to accelerate their success.

  8. Who we help…. We focus on entrepreneurial individuals or organisations with original, distinctive and pioneering ideas with the potential for high yield and scaleable growth. • a technology and/or knowledge based early stage business, • developing a unique concept or working towards creating protectable intellectual property, • looking at significant growth in their business, • looking to work in a replicable markets with potential to reach a national and probably international market, and • they are led by individuals who are willing to listen to advise and be coached. Open University Society of Entrepreneurs

  9. What we do Sparc Network Hatchery Hub Core Service For Portfolio Clients Intern’l Softlanding Ventureday Support UCMK Support Early Stage Workshop £30k Special Projects Open University Society of Entrepreneurs

  10. How we do it Action Planning (compulsory) Hub Director Business Support Networks Information resources Dream maker Induction (compulsory) Portfolio Client Merlin Mentoring Access to finance “Expert” clinics Hatchery Open University Society of Entrepreneurs

  11. Prof Colin Gray OUBS + OUSEN = an active, mutually beneficial partnership

  12. OUBS+OUSEN • Learning opportunitiesOUSEN – skills for growing enterprisesOUBS – understanding enterprise • Research opportunitiesOUSEN – innovation spilloverOUBS – ideal partners for EU & Res Cncl • Case studiesOUSEN – marketing & publicityOUBS – Hi-quality, Deep Knowledge Open University Society of Entrepreneurs

  13. Learning - SME life-cycle crises Renovation Growth Mainly medium Maturity 4 = Resourcing growth. 4 3 Downsizing;Decentralisation;Decline 2 Mainly small Survival Disappear 3 = Sustaining creativity/innovation. 50% in 3 years 1 Time Crises: 1 = Launch 2 = Delegation. Open University Society of Entrepreneurs

  14. Research - Enterprise context Economy/business pressures + competition E SMEs Start-up Exit Large Firms trade capable Growth-oriented Competition Absorptive capacity R&D Spillover Cultural + Peer group Influences Government policy/regulatory pressures + Education + R&D Open University Society of Entrepreneurs

  15. Case study - SME Owner-manager Decisions Cultural External changes Motivations Perceived threats Influences Business: Behaviour Operations Outcomes Strategic aims economic Fullset of market needs Perceived opportunity Expectations work personal Network/Peer Internal capabilities Perceived knowledge & resource capacity Influences family Open University Society of Entrepreneurs

  16. OUBS+OUSEN – Points of influence Cultural External changes Motivations Perceived threats Influences Business: Behaviour Operations Outcomes Strategic aims economic Fullset of market needs Perceived opportunity Expectations work personal Network/Peer Internal capabilities Perceived knowledge & resource capacity Influences family Open University Society of Entrepreneurs

  17. OUBS+OUSEN = active, mutually beneficial partnership

  18. Rob Paton Professor of Social Enterprise

  19. Mixed motives Economic security and success Personal autonomy and leadership Social concern and impact Open University Society of Entrepreneurs

  20. Social entrepreneurship in the UK’stransition to modernity Open University Society of Entrepreneurs

  21. ‘Post-industrial’ socialentrepreneurship Open University Society of Entrepreneurs

  22. Andy Burton Co-President

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