What Is Entrepreneurship

What Is Entrepreneurship
MIT 15.390 New Enterprises, Fall 2013
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Instructor: Bill Aulet

In this video, two dramatically different types of entrepreneurship are discussed: Small and Medium Enterprise Entrepreneurship (SME) and Innovation Driven Enterprise Entrepreneurship (IDE) and what this distinction means for aspiring entrepreneurs.

License: Creative Commons BY-NC-SA
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15 thoughts on “What Is Entrepreneurship

  • April 29, 2016 at 5:36 pm

    Thank you! Clear distinction between SME and IDE. Ignoring this might be accountable for lots of the confusion and frustration observed among people involved in entrepreneurship.

  • August 17, 2016 at 2:53 am

    It’s these types of videos as well as the internet, that I wish was available when I was younger. Good stuff.

  • August 18, 2016 at 4:26 am

    Great vid; really like it. Looking forward to seeing some more 🙂

  • December 29, 2016 at 9:01 pm

    WARNING: This short lecture is very much in line with what is taught in college classrooms across the country now, the startup approach first promoted by the Small Business Administration in 1953 and repeated by them ever since. Problem is, it is not the way new businesses actually start. If it was the wealth of nations would benefit more from a planned economy that a market economy, lots of data to prove this just is not the case.

    For a more helpful way to think about start up see Amar Bhide’s The Origin and Evolution of New Businesses, , Oxford University Press. Bhide’s book provided the uncited theoretical underpinnings for the very practical and useful Harvard Business Review Press’s book a few years back Just Start by Len Schlesinger and Charlie Kiefer. Also check out http://www.SmallBizChamber.org

  • January 15, 2017 at 11:35 am

    This guy could show how to hold a pen like an ape.

  • January 20, 2017 at 4:08 am

    A true entrepeneur doesn’t understand any of that bullshit.

  • March 18, 2017 at 9:51 pm

    This guy is an idiot, he’s not saying anything, looks divorced. Good thing I didn’t go to MIT

    Entrepreneurship is a physical and mental activity within an energy matrix ( calories, capital, people etc.), and ones success or failure is determined by the availability of sources and how those resources are optimized. The trick is lowering your expenses, this creates a vacuum and aligning ones energy at a high velocity to create pressures within the circulation of resources. There are few rules to business, it fact an organization doesn’t have to make a profit or even do transactions, that is how flexible business activity is.

    Sports is not a good categorical metaphor for entrepreneurship because sports is first and foremost entertainment, you can enjoy it without being seriously engaged about the outcome of winning or losing. Kids know this but for some reason this guy forgot that lesson as he became a wage slave in the academic gulag.

    Business is not entertainment, but paradoxically entertainment can be a business. The only consistent rule to business is producing a result, and that result could be anything, but it can’t be nothing.

  • April 10, 2017 at 7:54 am

    Bullshit video. There is no definition of entrepreneurship other than “to provide something valuable and earn money as a result” . This false dichotomy created by MIT is just to feel good about their “elite” educational background, while 99% of their “technologies” are just geeks satisfying their mental hunger rather than creating anything valuable.
    Obviously this guy has never made a business himself.

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