1. SME Competence and Global EntrepreneurshipAt
2018 ASEIC Global Innovation Forum
Gihong (George) Kim
Prof. of Entrepreneurship and ICT
Director,
Inst. for Entrepreneurship and Innovaton
Handong Global University

2. Sustainable Develop Goal (SDG)
Most goals are related directly or indirectly with Entrepreneurship
15 out of 17 goals are related with Technology
In this Information Age, the Technology is synonymous with Information and Communication Technology) (ICT)
The Entrepreneurship and Technology, together can be a major tool for Green Growth and SDG

3. Four factors that fuels a new business:
Natural Resources
Capital
Human Resources
Entrepreneurship ← Catalyst, Trigger
Entrepreneur
Environment
Entrepreneurship: The factor that
blows breath into the other
ingredients:

4. Entrepreneurship Environment
Should have the Four Rights:
Private property
Fair competition
Free choice
Appropriate Profit

5. Contribution of Entrepreneurship
Create jobs
Facilitate New Technology
Spur Innovation
The Main Engine that made the developed countries
Catapult for developing countries to catch up with the developed

6. Two Definitions of Entrepreneurship
Narrow Definition:
Making a company
Do a venture business
Make jobs
Broad Definition:
A mindset
Life style
Spirit to create something from nothing
Actually entrepreneurship has a broad and a narrow definitions.
Most people understand it only as its narrow definition, that is starting a new business. It can be seen even from the fact that entrepreneurship is taught mostly as part of business now. But the entrepreneurship spirit that acts as the catalyst for economic development of a country is its broad definition, the mindset, spirit and life style - to create something from nothing. It is not confined only to business; Its spirit is applicable to all occupations from business to politics, to education, to science and to academics and like. Entrepreneurship is not a knowledge, therefore, it cannot be taught, it is inherited with a culture from birth or acquired through experience. 6

7. Gazelle
Symbolizes Innovative Entrepreneurs

8. Entrepreneurs are NOT just Small Business Owners
Not All Small Businesses Owners are Gazelle
Expecting stable sales, profits, and growth
True Entrepreneurs: Gazelle
Focus ton innovation, profitability and sustainable growth

9. Two Kinds of Entrepreneurship
Subsistence Entrepreneurship
Survival
Sign of lack of jobs and economic difficulty
Little contribution for economy development
Opportunistic Entrepreneurship:
Young gazelles joining new start-ups
Major contributors for development of economy
Spirit to create something from nothing
Actually entrepreneurship has a broad and a narrow definitions.
Most people understand it only as its narrow definition, that is starting a new business. It can be seen even from the fact that entrepreneurship is taught mostly as part of business now. But the entrepreneurship spirit that acts as the catalyst for economic development of a country is its broad definition, the mindset, spirit and life style - to create something from nothing. It is not confined only to business; Its spirit is applicable to all occupations from business to politics, to education, to science and to academics and like. Entrepreneurship is not a knowledge, therefore, it cannot be taught, it is inherited with a culture from birth or acquired through experience. 9

10. Entrepreneurship as a function of Economic Development Stage (GEM)

11. Income Level as a function of Opportunistic to Subsistence Entrepreneurship Ratio (GEM)

12. Entrepreneurship and Technology Innovation that brought Industrial Revolution ushered in the ICT Age

13. Engine then and now

14. Light Houses then and now

15. Evolution of Technology

16. Everything Mechanical → Everything Electronic

17. Mechanical Car → Electronic Car

18. Real → Virtual: (Almost any thing can be virtual)

19. ICT Age
ICT is becoming Pervasive in Every Sector of Industry and Economy Virtual way of performing tasks With reduced cost and complexity Offers opportunity for all.

20. Improvement of SME Competency
Readiness of Mindset: Entrepreneurship Education
Understanding Mechanics of Starting and operating a
Startups
Improvement of Start-up Financing from Debt Financing to Equity Financing
Lion Share of Roles and Responsibility of the Government
Social and Moral Responsibility: Glonal Responsibility

21. Tasks for Developing Countries
Problems:
Extreme poverty
Lack of infra-structure and basic sanitation
Need for jobs
Need for basic education
Social unrest and violence
Tools:
Technology: ICT
Mindset to harness the technology

22. Areas begging Attention by The Government
Help to assure The Four Rights
Infrastructure to facilitate the commerce with entrepreneurship
Communication: Satellite Internet
Transportation: Simple and hierarchical
Energy: For the above and commerce activities

23. Plant hope in the minds of people in needs with Entrepreneurship23