7 GNP (GSMH) as of 2002 COUNTRY GROUPS GNP (billion $) % Population (million) % GNP per capita Low income1,071.73.42,49540.2430 $ Mid income total5,020.315.92,74244.21,840 $ Mid-low3,352.410.62,41138.91,390 $ Mid-high1,667.95.33315.35,040 $ High income25,387.780.796515.626,310 $ Total31,483.91006,2011005,080 $ Source: World Economic Indicators Database, World Bank, April 2003
14 EFFECT OF TECHNOLOGY ON ENVIRONMENT AND ECONOMICS Transforms society Adds Value Preserves and cultivates environment Creates welfare
15 Energy consumption Source: UCSB Engineering Insights 2006, Steven P. DenBaars
16 BRIDGING THE GAP BETWEEN BUSINESS & ACADEMIA ACADEMIA -Transform Society -Research Initiatives -Educate new students -Create new discoveries BUSINESS -Deals hands-on with society -Catch up with trends -Produce New Discoveries -Increase revenue and profitability GAP ENTREPRENEUR
17 WHAT IS ENTREPRENEURSHIP? The word “entrepreneur” is derived from French “entreprendre” (:antro-prand) meaning “to undertake” An entrepreneur is an innovator/developer who recognizes opportunities; converts those opportunities into workable/marketable ideas; adds value through time, effort, money or skills; assumes risks of the competetive market place to implement those ideas; and realizes rewards from these efforts.
18 WHAT IS ENTREPRENEURSHIP? Peter F. Drucker (a leading management thinker): “Most of what you hear about entrepreneurship is ALL WRONG! It’s NOT magic; it’s NOT mysterious; and it has NOTHING to do with genes. It’s a discipline and, like any discipline, it can be learned!” Innovation and Entrepreneurship (New York: Harper & Row, 1985)
19 WHAT IS ENTREPRENEURSHIP? An entrepreneur should be: –Disciplined and determined –Independent thinker –Innovative (outside the box thinker) –Trend follower and setter simultaneously –Initiative –Leader –Risk taker
20 TYPE OF BUSINESSES IN TURKEY Limitet sirket (limited corporation), Anonim sirket (joint stock company), Komandit sirketler (commandite company), Kolektif sirketler (collective company), Sahis sirketleri (sole proprietorship) Irtibat burosu (liaison office), Sube (branch) Comparison with ownership types in US: Sole proprietorship, partnership, corporation, cooperative.
21 MOVIE: “THE CORPORATION” Filmi seyrederken dikkat edilecek hususlar ve odevde istenilen kritikler –Social and environmental responsibility –Ethics –Competition –Corporations role in globalization
22 CRITERIA FOR DEVELOPMENT GDP Employement & education Size of economy, growth and stability Energy consumption per capita Steel production per capita Size and strength of private sector in global scale