What is Entrepreneurship

MIT 15.390 New Enterprises, Fall 2013
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

[kolokamari]

I love the fact that we have the ability to learn mostly anything at our own will and ability. ..

[callmelil]

Great information, especially for those who know nothing about entrepreneurship but are looking to get into it. Awesome video! 👍

[Networkrr]

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

[Mrjonarias]

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.

[harshithat]

Thank you
this video helped me to understand well about entrepreneurship.

[markandayar]

Beautiful. well explained in simple way

[brainstormingsharing]

Absolutely well done and definitely keep it up!!! 👍👍👍👍👍

[calculusbabascienceacademy]

Bill Aulet, greatest teachers in the of business thinking.
Mind blowing 🙏🙏

[CMSWisCon]

Grt! Very well explained the different types of e'ship!

[angelathomas]

good insight looking forward to learn more

[leonmickaya]

Thank you very much for giving me the knowledge about the situation, it is very helpful. the video is good

[blabyever]

SME = mom n' pop shop

IDE = franchised company or corperation

[megferguson]

Thank you for this! Interesting - great for my Entrepreneurship 12 class.

[businessexitstories]

Great course. I love the way it was presented in a compact way.

[ClarenceCM]

1. SME can go Franchise and become Global or Super Region.
2. SME are based on Innovation "maybe no digital".  They create Innovation for the local accessible market first, then expand to a larger markets.
3. IDE can also be family/single own, and don't always rely on investors.

You are after the fact rationalizing from a limited group and limited experience.

[microscopicdeeds]

thank you for sharing this, have a good day sir!

[DNAHEALTHRX]

useful information, keep it up, be a blessing to more people in knowledge and form

[businessstrategiesinsights]

Great information--thanks for sharing!!

[Samiismail]

modern entrepreneurship is defined by a certain way of making money, it begins with seed capital and ends with M&A and IPO/LBO. And it requires a certain management style and mindset.

On the other hand, SMEs aren't entrepreneurial enterprises, because they tend to focus on cash flow rather than growth, sales rather than innovation, local market share rather than new markets.

Unless the SME is managed in an entrepreneurial way, it's called a business not a start-up, and the owners are called business owners or business men, not entrepreneurs.

Sir you're contradicting most of the modern research findings with your explanation

[AuwalCCL]

TechieYouth refers us to these videos and it's extremely good one.. Great video