INTRODUCTION TO

ENTREPRENEURSHIP

Entrepreneurship – Lesson 1

Introduction to

Entrepreneurship

Introduction

The essence of the “Vision for Oman

Economy: Oman 2020”

Some of the challenges facing Oman

What is the solution to the challenges facing

Oman?

Entrepreneurship is……………….

Creativity and Innovation

Some examples

Students’ Activity

ENT QUOTES

Introduction

Oman is one of the Gulf countries that aredeveloping very rapidly.

Oil resources were discovered in Oman in1960s.

It has developed exponentially after it started oilexports.

Oman also has a vast natural resources rangingfrom fossil fuels to minerals and agriculturalproducts.

Oman has achieved a stunning growth in thepast 50 years.

The future plan of Oman was declared by thesultanate in its Oman Vision 2020.

The essence of the “Vision for

Oman Economy: Oman 2020”

1. To develop Omani people in order to cope with

technological progress and attain international

competitiveness.

2. To develop a private sector (private business/ companies)

capable of optimum use of human and natural resources in an

efficient way.

3. To promote the use of its natural resources and promote

national development.

4. To distribute the fruits/ benefits of development among all

regions and all citizens.

5. To safeguard and develop the achievements accomplished

in the past twenty-five years.

Some of the Challenges Oman

Facing

Growing youth population of Oman andincreasing rate of unemployment

Over dependence on oil

Expected gradual decline in oil resources.

Low level of savings

Low level of national labor participation/ Lowproductivity of national labor

Slow pace of national labor in coping with therapid developments in the technological field.

What is the solution to the

challenges facing Oman?

What is the Solution to the

Challenges facing Oman?

Entrepreneurship is one of the solutions to theabove listed challenges.

If young Omanis can take up entrepreneurshipas their career, then

They can generate a lot of employment (jobopportunities) for others.

Produce goods and services and export them.

Start various businesses other than oil and gas.

Reduce dependency on oil and gas.

Utilize all the other natural resources of Oman.

Entrepreneurship is……….

Entrepreneurship is a systematic process of

applying creativity and innovation to needs

and opportunities in the marketplace.

It involves using new ideas to create a product

(goods/services) that satisfies customer’s

needs.

Creativity and Innovation: Some

examples

Post-it-notes:

Creativity: when it was made for the first time, it was the result of a creative process.

Innovation: Making post it notes in different sizes, shapes, and colors was an innovation based on the original creative idea.

Post-it® Notes ...Little sticky notes

that revolutionized messages

"The product had its

root as a solution

looking for a

problem.“

Dr. Spence Silver,

Dr. Art Fry

Both are 3M Scientists

History & Facts –

Discover the history of Post-it®

Notes

History & Facts –

Discover the history of Post-it®

Notes

History & Facts –

Discover the history of Post-it®

Notes

Creativity and Innovation: Some

examples

Cell Phones:

Creativity: The first hand-held mobile phone was demonstrated by Dr Martin Cooper of Motorola in 1973, using a handset weighing around 1 kg based on the technology of Radio Phone.

Innovation: 1G, 2G and 3G phones and I- phones are innovation. Developing an existing product with various novel ideas

Martin Cooper - Inventor of Mobile

Phone

Martin Cooper (born 26th December 1928 in

Chicago, Illinois, USA) was a vice president

and division manager who led the Motorola

team that developed the handheld mobile

phone (as distinct from the car phone).

Cooper is the CEO and founder of

ArrayComm, a company that works on

researching smart antenna technology and

improving wireless networks, and was the

corporate director of Research and

Development for Motorola.

Martin Cooper - Inventor of Mobile

Phone

The original Motorola DynaTAC handset,

weighed 2.2 pounds and had 35 minutes of talk

time.

Cooper has said "The battery lifetime was 20

minutes, but that wasn't really a big problem

because you couldn't hold that phone up for that

long."

By 1983 and after four iterations, Cooper's team

had reduced the handsets weight by half.

The list price was around $4,000 (2010:

$10,000).

Cooper left Motorola before they started selling

Martin Cooper - Inventor of Mobile

Phone

http://www.youtube.com/watch?v=RPOzjFDbI

Kc

Apple iPhone 6 and iPhone 6

Plus

http://www.youtube.com/watch?v=0d8q9wTDb

8c

http://www.theguardian.com/technology/video/

2014/sep/09/apple-iphone-6-iphone-6-plus-

video

Students’ Activity

Let’s do some “hands – on”

Dear Students – You can now start listing the

most creative and innovative product you have

or you want to buy.

Open the Course Book – Page # 3

Review

Introduction

The essence of the “Vision for Oman

Economy: Oman 2020”

Some of the challenges facing Oman

What is the solution to the challenges facing

Oman?

Entrepreneurship is……………….

Creativity and Innovation

Some examples

Students’ Activity