The Potential of AI How Entrepreneurs Can Find Success By: Liam, Brad, Rachel, Mia Agenda • Career Paths for BBA Graduates • Skills Required • Courses to Assist • Introduction to AI Entrepreneurship • Business Environment Effects • Technology • Sustainability • Globalization • How Can We Utilize AI • Examples • What AI Will be Capable of • Summary • Questions Career Paths for BBA Graduates Entrepreneurship Skills Required • Boldness • Creativity • Motivated • Disciplined • Adaptive • Self-Aware Courses to Assist Entrepreneurs • • • • • • • MGMT-4061EL MKTG-2006EL FNCE-4007EL HROB-4051EL ACCT-3031EL MKTG-4071EL MGMT-4071EL Entrepreneurship Marketing Management Investment Management Interpersonal Skills External Auditing Consumer Behavior Venture Initiation Introduction to AI Entrepreneurship “Artificial intelligence is about to change how entrepreneurs start companies—and the odds of making them successful.” Bart Ziegler – Wall Street Journal Business Environment Effects: Technology • Growing technology has the potential to offer numerous benefits • Enhanced Productivity • Improved Healthcare • Increased Access to Education Sustainability is a growing concern Business Environment Effects: Sustainability Increasing Energy Demands Business Practice Transformation Reduction of Natural Resources New Processes and Techniques Business Environment Effects Globalization Demand Prediction Warehouse Management Physical Inspection of Assets How Can We Utilize AI? Blog Writing Administrative Assistance Brainstorming Unique Ideas Survey Support Generating Images Examples What will AI be Capable of? • 70% of Business Activities Managed by AI by 2030 • Better Faster Decision-Making Process • Content Creation and Advertising • Creation and Development of New Ideas Summary • The BBA Program is very helpful in ensuring future Entrepreneurs have the skills and knowledge to become an entrepreneur and offers many courses to assist in doing so. • The Business Environment has many positive effects on the AI Market and shows much promise for entrepreneurs who get an early start. • The future of AI is very bright and can offer many jobs to people as it advances, it will become much more capable but will only ever be a tool for humans to use in order to achieve more. Questions? References The 9 essential entrepreneur skills you need to succeed. BDC.ca. (2023, May 8). https://www.bdc.ca/en/articles-tools/business-strategy-planning/managebusiness/9-essential-entrepreneur-skills Davenport, T. H., & Ronanki, R. (2023, September 15). 3 things AI can already do for your company. Harvard Business Review. https://hbr.org/2018/01/artificial-intelligence-for-the-real-world Durth, S., Hancock, B., Maor, D., & Sukharevsky, A. (2023, September 19). The organization of the future: Enabled by Gen Ai, driven by people. McKinsey & Company. https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/the-organization-of-the-future-enabled-by-gen-aidriven-by-people Levi-Jakšić, Maja; Jovanović, Milica; Petković, Jasna (2015) : Technology Entrepreneurship in the Changing Business Environment – A Triple Helix Performance Model, Amfiteatru Economic Journal, ISSN 2247-9104, The Bucharest University of Economic Studies, Bucharest, Vol. 17, Iss. 38, pp. 422-440 Loduca, D. (2021). Centre for Career Design Schulich School of Business BBA/iBBA Employment Report 2021. Schulich School of Business. https://schulich.yorku.ca/wp-content/uploads/2022/07/CCD_BBA_iBBA_EmploymentReport2021.pdf Morel, D. (2023, October 5). The Future of Work: How Will Ai Change Business?. Forbes. https://www.forbes.com/sites/davidmorel/2023/08/31/the-futureof-work-how-will-ai-change-business/?sh=42dc78878e7f Nabaum, A. (2023, October 9). How AI may change entrepreneurship. The Wall Street Journal. https://www.wsj.com/tech/ai/how-ai-changeentrepreneurship-9d77978a Orozco. (2022). Business Administration (BBA). Laurentian University. https://laurentian.ca/program/business-administration/details Yec. (2023, October 5). Council post: Five ways entrepreneurs can use artificial intelligence. Forbes. https://www.forbes.com/sites/theyec/2023/05/31/fiveways-entrepreneurs-can-use-artificial-intelligence/