presented by David Bathory

1. THE RINGS OF
ENTREPRENEURSHIP
©David Stefan Bathory, Psy.D. Keynote Address
Bathory International LLC CReBUS
bathoryint@live.com Bucharest Romania
. October 2012

2. I Will Catch the Ring © David S. Bathory
ride on the outside edge- Some laugh- Some stare- Some gasp
Hanging on by a thread As I stand upon the saddle and prepare
Reaching out- Reaching in- For the Ring. I will catch the ring.
No fear will bind me People warn me to get down
Each time it passes by People say I will be harmed
I stretch inside to find another way People never understand me
I will catch the ring. But I will catch the ring.
It doesn’t matter, The ring does not need to be shiny
If I am old or young-rich or poor It does not need to bring me fame or
How many times I need to go around fortune
I will catch the ring. When I catch it no one will cheer
But I will catch the ring.
People stand along the sides and
watch me as I pass them by Once within my fingers
They are never riders- I can just hand it back in or pass part
Yet they always doubt me of me onto the next rider
But I will catch the ring. The ring I catch remains inside me.

3. The Rings of Successful
Entrepreneurship
Learning & Teaching
Determination
Opportunity
Resiliency
Inspiration
Collective Altruism

4. The First Ring:
Learning & Teaching
o Learning Styles To absorb knowledge so
o Age that it can be used and
explained to others
o Development
o Basic Needs
o Knowledge or Expertise
o Audience

5. Development & Learning Style
1. Visual Learning (Age 3-40)
2. Auditory Learning (Age 5-60)
3. Tactile Learning (Age 12-70)
 Physical Learning (Age 20-30)
 Cognitive Learning (Age 16-20:70)

6. Learning Style Effective Approaches
Visual Graphic arts, tables, charts, pictures, written
language, closed captioning, color or shape coding,
videos, following others
Auditory Sound cues and auditory tracks, reading aloud,
music, repeating information
Kinesthetic Kohl’s Learning Styles or drawing,
Physical touch or sensation, writing
experiential learning and demonstration, spatial
examples, movement
Mixed Combinations of visual, auditory and kinesthetic, but
not overwhelming in any modality

7. Intelligence Expression Skills
Verbal- Language syntax, Public oriented and fluent in speaking, writing,
Linguistic grammar, phonology & reading comprehension, multiple languages
word/sentence formation
Logical - Patterns, quantities, Accounting, research, analytical, decoding ,
Mathematical sequencing, deduction & system analysis and project management
Spatial
Gardner’s Theory design
rational thought
Symmetrical judgment, Graphic & creative arts,
Bodily-
ratios, estimation
Locomotion,
of precision and accuracy, athletes, actors,
Physical
Kinesthetic
Musical
Multi-Intelligence songwriters, poets
proprioception
Rhythm, Tone, Pitch in
mechanics, craftsman
Oration, musicians, singing,
voice & music
Orientation Expression Type
Interpersonal Expression of emotion & People oriented, sensitive to social clues and
social cues, common others
sense
Intrapersonal Introspection & reflection Internally oriented, sensitive to moods and the
impact of others on the individual
Naturalist Ecological sense and Global or outside oriented, sensitive to other
order species and nature

8. The Second Ring:
Determination
o Purpose An internal drive
independent of
o Motivation aggravating &
mitigating factors
o Self Relevance
o Relevance for Others

9. The Third Ring:
Business Opportunity
o Supply & demand,
o Output, inflation & unemployment,
o Growth & capital
o Aggregate demand & supply
o Governmental fiscal policy
o Competition & monopoly
o Asymmetric information
The event that provides change
o Cooperative & non-cooperative games,
o Efficiency & regulation,
o Productivity, wages,
o Labor markets & unions,
o Government spending & taxation,
o International trade agreements, tariffs & quotas,
o Recession & market failure

10. The Third Ring:
Personal Opportunity
The event that provides change
 Manipulation of economics variables
 Knowledge/skills
 Time to complete tasks
 Personal crises
 An opportunity can be either aggravating or
mitigating factor dependent upon the
combination of these variables and their
aggregate influence.

11. The Fourth Ring:
Resiliency The ability to fall
o Personal/Cultural and
Ability to solve problems
Critical thinking and abstraction;
bounce back
Collectivism (or group obligation)
Flexibility (or an easygoing personality)
Responsibility (or an internal locus of control)
High self-esteem.
o Bench Strength
o Monetary & Other Resources
o Innovation (repackaging)

12. The Fifth Ring:
Inspiration
To ignite ones own
or another’s muse
o Meaning
o Vision
o Dreams
o Aspirations
o Passion
o To step where no one has walked before

13. The Uncontrolled Variables
Things businesses, researchers and teachers cannot change
(unless they want to be arrested) but try to influence
o Inherent Intelligence/Talents/Skills
o Health & Disease
o History
o Personal
o Collective
o Cultural
o Crises, Chaos
& Paradigm Shifts

14. The Missing Ring
To learn - to teach,
to be determined,
to find opportunities in me and
everywhere,
to bounce back with resiliency
and to inspire the world
to work together collectively is Altruism

15. Where do the rings fit in
and where do they lead?
 The rings are a means to identify potential SB
leaders and entrepreneurs who may be
successful in the global marketplace.
 They lead into new economic paradigms
(such as the EU/Italy Project by Fabio Masso)
 They lead into new economic and dynamic
models such as I will describe in the next few
slides

16. Nash’s Equilibrium
 Nash explored the outcomes of competition in
non-cooperative games and found that the
probability of a winner lessened as the
competitors eliminated each other and that the
payoff would be greater if they worked
collaboratively at the decision or point s of
equilibrium.
 In cooperative games, he noted that shared
information was often used in a manner to create
non-cooperation (e.g. business, politics)
 In a truly cooperative game, the players all look
for the best solution for everyone

17. Drive Business Education Governance Statements
Force Take over- Mandatory-Repeat Conquer My way or die
Eliminate My views or no
view
Control Market Control Compulsory- Colonize Do as I tell you…
Dynamics of
Market
Dominance
Regurgitate
Reward Systems Annexation- Access
to Goods
You can have if…
Non-cooperative &
Influence Monopoly Lecture-Listen
& Services
Authoritarian You need my
Dictator/Monarchy permission or I
Cooperative Models in
Monopolistic Competition -Excel Representation
know better
I will listen
Competition One Sided Respect
Business, Education
Partnerships, Teams-Learn Social Democracy We will work
Altruistic
and Politics
Cartels, Oligopoly
Collective- Collective
Mutual Respect
Altruistic
together
We prioritize
Wisdom Non-cooperative Community Governance- greater needs
Altruism- Cooperation- To help others and than ourselves
To provide for all Understand & Help better the world and we care for
with wisdom Others via Altruism one another

18. Concept Polar Extremes Examples of Issues
Trust Trust versus Will I (you) give us want we need to be successful? Will I
Rejection (you) be here when you (we/I) really need me (you)?
Will Autonomy versus Do I (we) really need your help? I (We) will show you that
Isolation you are not needed.
Purpose Identity versus What is it that I (we) do? Why are we here? What
Confusion business are we in?
Competence Skills versus Do I (we) have the skills to do my (our) job(s) well, or am
Proof
Relational Dynamics
Omission
Evidence versus
I (are we) missing something?
I (we) have evidence of my skills and performance. If I
Commission (we) do not have these: Can I (we) get by without you
noticing? Can I (we) hide what I (we) cannot do or should
have done?
Passion Commitment versus I (we) will argue and fight with you to get you to see my
Indifference (our) point, or I (we) will just find someone else to work
with other than you.
Share Transparency versus I am (We are) open to you exploring and questioning my
Deception (our) work and knowledge because I (we) wish for you to
learn and share with me (us).
Altruistic “We versus Me” I am (We are) more concerned about the good of all and
Wisdom the world than I am (we are) about my (our) own power,
fame and fortune.

19. Probability Force Control Influence Altruism
Trust ++++ ++ ---- ----
Will Hypothesized Influence---
+++ ++++ ---
Purpose ++ +++ of + --
Competence Dynamic Variables -
+ + ++++
Proof - - on +++ +
Passion Relational Variables ++
-- -- ++
Share --- --- - +++
Altruistic Wisdom ---- ---- -- ++++

20. Outcome
Outcome
Outcome
Good for
Good for
Good for
me
we
us
Interface of Game Theory
Equilibrium Point
Relational Dynamics
Resets : decision , drive & dynamic
Relational
Con-joint
Dynamic
Purpose
Passion
Share
Proof
Trust
Will
Equilibrium Point
Resets : decision , drive & dynamic
Control &
Influence
Altruistic
Wisdom
Force
Drive
Equilibrium Point
Resets : decision, drive & dynamic
Decision or Game Decision or Game
Non-cooperative Cooperative
Equilibrium Point
Resets decision, drive & dynamic
V
n
u
e
e

21. Path of the Ring …………
The last of humanity, sits atop a pile of all the gold and
diamonds,
clothed in platinum- frail and bony fingered, starving,
breathing toxic gases.
“The Winner” who fought their way to the top on the path
of trampled masses,
Or “The Loser” who consumed our greatest gift: each other
and a world to share?
The rings of wealth & knowledge we accumulate do not
have to be hoarded;
With wisdom they can be shared with the rest of the
universe.

22. The next rider
can be
my grandchild
or yours