Jeffrey Timmons Entrepreneurship

"The Father of Entrepreneurship" Jeffrey Timmons' view, what are the three elements of entrepreneurship? As follows:

Timmons, the father of entrepreneurship education in the United States, proposed the three-element model of entrepreneurship.

The entrepreneurial phenomenon is not new. If you have your own market economy, you will have entrepreneurship. Timmons, the father of entrepreneurship education in the United States, put forward the three-element model of entrepreneurship, pointing out that the entrepreneurial process involves three elements: opportunity, team and resources, and the three elements affect each other to jointly promote the progress of entrepreneurship.

Timmons's basic view is as follows: First, business opportunities are the core driving force of the entrepreneurial process, the founder or working team is the leader of the entrepreneurial process, and resources are the necessary guarantee for the success of the entrepreneurial process. Clause.

2. The entrepreneurial process is the result of the matching and balance of the three elements of business opportunities, entrepreneurs and resources. Clause.

3. The entrepreneurial process is a continuous combination of behaviors that seek balance.

From a practical point of view, entrepreneurs may feel that these three elements are correct, but they may still not know how to put them into practice. In addition, the three-factor model of entrepreneurship proposed by Timmons does not fully consider the other two important elements in the entrepreneurial process: environmental elements and model elements.

Slippery fiber. > five-factor model of entrepreneurship: environment, opportunity, model, team, and resource, referred to as the e-o-mtr model.

1. Based on environmental factors: trend thinking, evolutionary thinking, the core of which is how to make it bigger and longer.

2. Based on the opportunity element: pain point thinking, value thinking, the core of which is how to pry open the market.

3. Based on model elements: design thinking, iterative thinking vertical group, the core of which is how to achieve profitability.

4. Based on team elements: collaborative thinking, must-win thinking, the core of which is how to cultivate the Wolves.

5. Based on resource elements: integrated thinking, focused thinking, the core of which is how to fight big with small.

The book of "Father of Entrepreneurship Education" Jeffrey and Timmons is "Entrepreneurship".

Timmons's "Entrepreneurship" is recognized as an authoritative work, and Wall Street** lists it as a "classic" of entrepreneurship. Since it was first published in 1977 by Irving Publishing Company in the United States, the first edition of Entrepreneurship by Jeffrey Thi and Mons has become the framework and standard of entrepreneurship education in the United States and even the world for nearly 30 years, and is a recognized professional brand book in the field of entrepreneurship management.

Nearly 1,000 universities and training institutions, including Harvard Business School, Stanford University, and Duke University, use this book as the core textbook for entrepreneurship courses. Over the years, Timmons' Entrepreneurship has been the absolute leader in the market share of similar books. In 2002, the fifth edition of this magnificent work was split into five parts and translated into Chinese in the form of Timmons Entrepreneurship Translation Series.

Tsinghua University, China Europe International Business School, Nankai University and other leading business schools in China have chosen this book as the textbook for entrepreneurship courses. The original English edition of Entrepreneurship 6th Edition (2004) refines the essence of the first 5 editions, and the addition of Professor Spinelli, a heavyweight in the field of entrepreneurial management, as the second author, adds fresh faith and Zen blood to this book.

Jeffrey, Timmons Profile:

Professor Jeffrey Timmons graduated from Harvard Business School with an MBA and a DBA (Slippery Finger Doctor of Business Administration). He holds the title of "Franklinw Olin Distinguished Professor of Entrepreneurship" at the Plasen School of Business and is the director of the Faculty Program at the Platheze-Beston School of Business, which trains faculty in entrepreneurship management courses around the world. It is a framework and standard for entrepreneurship education in the United States and the world.

Since the late '60s, Professor Jeffrey Timmons has been one of the leaders in entrepreneurship education and research in the United States. He has made significant contributions to research projects, innovative curriculum development and teaching in the areas of entrepreneurship management, new business formation, venture finance and venture capital. Over the years, Timmons' Entrepreneurship has been the absolute leader in the market share of similar books.

Magazines such as BusinessWeek and Success have recognized Professor Jeffrey Timmons as a professional in the field of entrepreneurial management education, and since 1999 he has been a special advisor to the National Entrepreneurship Council and has published more than 100 articles in professional publications such as Harvard Business Review and Venture Capital. It is a recognized professional brand book in the field of entrepreneurial management.

The core idea of the timmons entrepreneurial process model is that the entrepreneurial process is a highly dynamic process, in which business opportunities, resources, and entrepreneurial teams are the most important driving factors of the entrepreneurial process, and their existence and growth determine the direction in which the entrepreneurial process develops.

1. Opportunity. Timmons summarized a framework for evaluating entrepreneurial opportunities, with 53 indicators across eight categories. The eight categories include:

Industries and markets, economic factors, harvest conditions, competitive advantages, management teams, fatal flaws, personal standards of entrepreneurs, strategic differences between ideals and realities. The opportunities for starting a business can be analyzed from these 8 points.

2. Resources. Resources are entrepreneurial resources, including: financial resources, customer resources, technical resources, human resources, management resources, etc.

3. Team. The best analysis of this is what people do together and what leaders do through a collective. What advice the team members provided. Finally, you can just summarize the points.

In ancient and modern times, at home and abroad, all those who have achieved careers and made achievements for mankind are all the results of down-to-earth and arduous climbing. .How are we different? We can only come once, we can only have one name. And you, how are you going to live?