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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

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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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

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

  2. 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

  3. Why is E-Ship Important?

  4. 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

  5. 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

  6. “When you discover you’re riding a dead horse, the best strategy is to dismount.” Dakota Indian Tribal Wisdom

  7. Who is in the E-ship Talent Pool?

  8. 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.”

  9. 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

  10. 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

  11. Startup Entrepreneurs Decision to Go Thought Through Part of It They Have an Idea They Have a Plan They Need Help

  12. Aspiring & Startup Entrepreneurs

  13. Growth Oriented Entrepreneurs Already in Business Successful Driven to Create Substantial Business (Jobs) Emerging Market New Product or Service

  14. Growth Oriented Entrepreneurs

  15. 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

  16. What are the Key Elements of E-ship?....A Horse Racing Metaphor

  17. Entrepreneurship vis-à-vis Horse Racing The Horse – The Business Idea

  18. Entrepreneurship vis-à-vis Horse Racing The Horse – The Business Idea The Jockey – The Entrepreneur

  19. Entrepreneurship vis-à-vis Horse Racing The Horse – The Business Idea The Jockey – The Entrepreneur The Track – The Entrepreneurial Ecosystem

  20. Why is the Race Track Important?...AND… Who Has Responsibility for Taking Care of and Improving the Race Track?

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

  22. 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

  23. Programs and Resources to Support E-shipSee handouts

  24. 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

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