...providing graduate students skills in technology entrepreneurship and the commercialization of technology. We describe the lessons we have learned from fourteen years of developing commercialization of technology pedagogy and adapting it for use on four continents and within numerous corporations. We demonstrate that the straightforward theory-driven approach that we use to shape the curriculum improves our ability to learn from our mistakes and to structure small experiments to improve the pedagogy. INTRODUCTION Interest in the commercialization of technology and high technology entrepreneurship has increased significantly in the past decade. It is apparent that in many increasingly knowledge-based economies, effective managers will need to be better trained in dealing with technologists and in creating business growth and advantage through commercializing technology. Technical education faces new demands as well. For example, the National Academy of Sciences (COSEPP, 1995) issued a committee statement calling for rethinking graduate education for scientists and engineers to include the skills to promote the commercialization of technologies that they create. As interest in commercialization of technology has increased, so has academic research interest in this area. For example, the Journal of Product Innovation Management recently published a 2 issue special topic volume on technology commercialization and entrepreneurship. Topics included a meta analysis of success factors...
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...level of technological entrepreneurship and innovation of first year students in the field of Technological programmes. This phenomenon has put pressure on management of higher education institutions to introduce entrepreneurial mindset and encourage innovation. The research in 2007 undertaken by Development Policy Research Unit (DPRU) of University of Cape Town has shown that 23 percent of students choose qualifications mainly for the employment opportunities. PROBLEM STATEMENT The study seeks to investigate factors that influence technological entrepreneurship and technological innovation of first year students using Walter Sisulu University as a case study. Shein, Crous and Schepers (2010: 1) in their recent research paper found that not only in growing economies such as South Africa, but in other economies, entrepreneurship takes a proactive role in businesses and contributes to job creation. Students admitted to universities in various technological programmes have a mindset of looking for employment on completion of their qualification, rather than of opening their own small and medium enterprises (SME’s). The main purpose of entrepreneurship education program is to provide the students with necessary entrepreneurship and business knowledge, to allow easy transition into private sector and carry out their businesses successively, Patıra and Karahanb (2010: 27). Stats SA shows an increase in unemployment in the Manufacturing, Engineering and Technology fields...
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...INTRO Entrepreneurship is the “process of creating something different with value by devoting the necessary time and effort, assuming the accompanying financial and social risks, and receiving the resulting rewards or monetary and (/or) personal satisfaction” (Hisrich, 1990). This definition is sufficiently broad encompassing the many paths an entrepreneur may take, be it Schumpeterian profit maximisation or the social entrepreneurial desire to create social wealth (Zahra, 2009). The aim of this essay is to analyse some of the personal traits academics believe to be common to established entrepreneurs, in turn discussing how these strengths and weaknesses are applicable to myself. STRENGTH 1: “Innovativeness with the ability to combine resources effectively” Kirzner’s (2008) view of the entrepreneur is that they are “not creators, merely alert” to opportunities which arise around them. This somewhat contradicts the Schumpeter (ian) (1961) ideology that the entrepreneur is a “heroic… daring… captain of industry”. Forming a hybrid between these views, Casson (1982), states that the “entrepreneurs task (is) to discover and exploit opportunities… where products or services can be sold at a greater cost than their cost of production”. Combining the views of Kirzner and Casson describes the entrepreneur as someone who can spot a solution to a problem by using an existing product in a different application to that which it was originally designed. During my studies of engineering...
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...Three Pillars of the College of Business Servant Leadership, Entrepreneurial Spirit and Innovation Grand Canyon University: Introduction to Graduate Studies in the College of Business The three pillars of the College of Business are servant leadership, entrepreneurial spirit and innovation. The first one that I am going to discuss is servant leadership. Servant Leadership According to Robert Greenleaf, the term servant leadership “involves putting people and ethical considerations intentionally ahead of short term institutional or personal self-interest.” The article that I wrote about in my reference assignment was Servant Leadership, 2.0 .This article discussed the business community and how it is embracing servant leadership. The ten tables of servant leadership. The ten tables are, listening, empathy, healing, awareness, persuasion, conceptualization, foresight, stewardship, commitment to the growth of people & building communities. (Spears, L.) These ten characteristics have been the foundation for servant leadership scholarship for more than 30 years. According to Barbuto and Wheeler (2006) there are five leadership factors. These factors are altruistic calling, emotional healing, persuasive mapping, wisdom, and organizational stewardship. “Sendjaya, Sarros, and Santora (2008) identified six dimensions of servant leadership, which are voluntary subordination, authentic self, covenantal relationship, responsible morality, transcendent spirituality, and transforming...
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...WOMEN ENTREPRENEURSHIP OF INDIA. A report prepared on the topic with the help of the below mentioned studies: * Empowering Women through Entrepreneurship: A study in Tamil Nadu, India -Geetha Sulur Nachimuthu and Barani Gunatharan. * Entrepreneurship Challenges and Opportunities in India - Dr.N. Santhi and S. Rajesh Kumar. * Some Critical Issues of Women Entrepreneurship in Rural India -VIJAY KUMBHAR (Department of Business Economics Dhananjayrao Gadgil, College of Commerce, India). * Women Entrepreneurship in India: Opportunities and Challenges- Gurendra Nath Bhardwaj, Swati Parashar, Dr. Babita Pandey. * Women Empowerment through Entrepreneurship: A Case Study of Guwahati Municipal Corporation- Marami Das, Faculty Member, Swadeshi Academy Jr. College Research Scholar, CMJ University, Shillong . INTRODUCTION: Women, the female member of the family is the backbone of emotional support who holds the family together. Social and economic development of women is necessary for the welfare of the society and also the Nation in turn. India being a well male dominated country, women are always considered backward and are not allowed to have various privileges. Many religions, even today, do not allow the women of the family to communicate with the rest of the world. Development of women would prove to be very positive in development of the Nation. The term “entrepreneurship” comes from the French verb “entreprendre” and the German word “unternehmen”...
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...What is Technopreneurship? A word Technopreneurship is from the two words namely Technology and Entrepreneurship. To further understand what is Technopreneurship is all about; we should first understand what is technology and entrepreneurship. In Wikipedia, technology is defined as the making, modification, usage, and knowledge of tools, machines, techniques, crafts, systems, methods of organization, in order to solve a problem, improve a preexisting solution to a problem, achieve a goal or perform a specific function. It can also refer to the collection of such tools, machinery, modifications, arrangements and procedures. [1] In other words technology is defined as the practical applications of knowledge to human work. Wikipedia defines the word Entrepreneurship as the act of being an entrepreneur or "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". [2] Entrepreneurship is also defined as the capacity and willingness to undertake conception, organization, and management of a productive venture with all attendant risks, while seeking profit as a reward. [3] What is Technopreneurship then? In Yahoo the word technopreneurship is defined as not a product but a process of synthesis in engineering the future of a person, an organization, a nation and the world. [4] Technopreneurship is also defined as high-tech ventures in ICT, electronics, internet, life sciences and biotech. It is also a service firm...
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...INTRODUCTION Following this introduction on Nigeria’s economic development challenge, this paper reviews business economics, outlining the relationship with innovation and social entrepreneurship. It also presents a holistic framework for economic development covering the individual, firm and macro levels, and outlines the roles of stakeholders at each level, in fostering national development. It concludes by calling on all stakeholders to play their part in leveraging entrepreneurship and all aspects of business economics to unleash the wealth of human capital that Nigeria is endowed with so that more people can participate in the transformation of Nigeria. Nigeria as the most populous country in Africa is naturally endowed with millions and millions of acres of arable land, 38.5 billion barrels of stated oil reserves, vast gas reserves, a variety of unexploited minerals, and a wealth of human capital by virtue of its estimated population of 150 million. It is the world’s eighth largest exporter of oil, and Africa’s second largest economy, after South Africa. Nigeria accounts for 15 per cent of Africa’s population, contributes 11 per cent of Africa’s total output and 16 per cent of its foreign reserves while it accounts for half of the population and more than two-thirds of the output of the West Africa sub-region. It has been at the forefront of the resolution of many political challenges in Africa. Over the last decade, Nigeria has implemented far reaching economic reforms...
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...History of Bangladeshi Entrepreneurs and Entrepreneurship Several studies on topics like entrepreneurship and entrepreneurs were done by several academicians all over the world in different countries. The issue got immense importance in the eyes of the researchers. The case of Bangladesh is also similar. After the period of British ruling when two new states India and Pakistan came, the economy of this subcontinent was backward, highly agricultural and characterized by massive poverty (Ray, 1992). During the ruling of Pakistanis, though the other side of Pakistan (West Pakistan) saw some economic developments, the portion which is now called Bangladesh (the then East Pakistan) could not see that light. Bangladesh got rid of Pakistani ruling in December 1971.But because of one-eyed behavior of the then Pakistani rulers huge economic problems were already prevailing in East Pakistan even at the pre-independence period. After independence, as a result of the post-war crisis, massive political unrested. The overall economy became more backward and stagnant. From then, even today Bangladesh is known all over the world for its mass-poverty and poor economic growth (Kamal, 1985). Even now-a-day, the dominant sector of economy is the agricultural sector. But investment in agriculture from commercial point of view has not been made much due to ownership problems, existing inheritance laws, uneconomic size of farm, socio-cultural traditions of the people and absence of governmental commitment...
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...Hunger for success, inspiration, diligence and persistence are also the hallmarks of success of entrepreneurs in smaller towns, where glamour may be lacking but the quieter and gentler way of life as well as the desire to hang on to local roots are assets in their own right. Rashmi Bansal is the author of a number of books on startups and social entrepreneurship, such as Poor Little Rich Slum (see my review). She graduated from Sophia College in Mumbai and IIM Ahmedabad. The book (357 pages, published by Westland India) covers three kinds of entrepreneurs: those who left India and then returned to launch their ventures, those who never left India, and those who have a broader social vision. Each entrepreneur profile in the book is about 15-20 pages in length, and includes key takeaways along with the ups and downs of each journey. Vinod Khutal grew up near Indore and studied architecture, before studying computer science. An ad by game developer Gameloft on Naukri.com led him to a job in their Hyderabad office, where he eventually became a game designer. In 2009, he founded Twist Mobile, with apps such as Age Effect. He tied up with VServ to use their app-wrapper technology for ads embedded in apps. Success stories included becoming the first Asian company with 10 million downloads on Noki’s Ovi store. “Today’s killer app is tomorrow’s delete,” says Khutal, who has now branched out into Android and iPhone apps. Sriram Subramanya grew up in Pondicherry and started work in the auto...
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...business: applying for more than one products ) (process/dynamic theory) 2) Wernerfelt: Different from Barneys resources based view = looks at how firm resources can create competitive advantages to a range of/multiple different business units - Sequential entry strategy = Ex. Apple, they have used the touch technology in many different products. The firm uses the same resource to entry new markets/products - Resources position barrier = the firm set up barriers internally to protect their competitive advantages against competitors ex. keeping systems secret, optimizing internal system, develop and renew knowledge etc. Alvarez and Busenitz (2001) have linked entrepreneurship theory and the Resource-Based View of the firm (RBV) by identifying resources as the central focus of the two theoretical models. In entrepreneurship, opportunities are recognized because individuals have heterogeneous views of resources while RBV views heterogeneous resources across firms as the basis for sustainable competitive advantage. Priem and Butler (2001) * One important limitation they point at is that these static approaches do not take into account the role of ‘learning’ (or exploration), while the ability to learn to develop effective resources is in itself a resource. * Does not provide insight into how resources can lead to competitive advantages. Prahalad Core competencies are a company’s collective knowledge about how to coordinate diverse production skills and...
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...Entrepreneurship versus Intrapreneurship1 Veronica MAIER2 Cristiana POP ZENOVIA Abstract This paper provides a review of theoretical studies on the concepts of entrepreneurship and intrapreneurship, pinpointing the similarities and differences between them. Entrepreneurship continues to thrive in almost all corners of the world. Entrepreneurs are reshaping the business environment, creating a world in which their companies play an important role in the vitality of the global economy. But there is not always necessary to establish a company in order to implement new ideas. A great potential lies in applying business principles within existing organizations. Keywords: entrepreneurship, intrapreneurship, human capital, business, leadership JEL classification: L26 Introduction Why are entrepreneurs and intrapreneurs suddenly more important today than before? An explanation to this question would be that the world is changing nowadays more rapidly under the influence of new technologies. The increasing competition hinders our work. It does not suffice anymore to stand before our competitors simply driven by our will of competing; we have to bring something new to the market. Entrepreneurs and intrapreneurs play a decisive role as they help the company (newly established or existing) to engage in new business and enter new markets. The concept of entrepreneurship is seen as the process of uncovering and developing an opportunity to create value through innovation...
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... Studies (CACS) Minor in Area and Cultural Studies, Part 1: Introduction to Area and Cultural Studies _____________________________________________________________________________________________________ What are the implications of the government in entrepreneurship? -‐ A dive into the Swiss and Chinese situation. POPADIC Jovan, Information Systems Lausanne, academic year 2015 1. Introduction Entrepreneurship has been a widely addressed topic in the 20th century and many renowned economists have studied the subject. Schumpeter, who might be the most famous, links entrepreneurship to innovation and emphasizes on the importance of the entrepreneur in the economic development. Like Schumpeter, Clark (1899), Higgins (1959) or Leibenstein (1978) have studied the role of the entrepreneur in the society and see it as someone ...
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... “Business is pickle. So marry well”, asserted Manish Sharma, and what followed was one of the most interesting and inspiring entrepreneurial journeys that anyone present in the house would have ever heard of. In an auditorium (read MPH) full of budding MBA Grads, the atmosphere was perfect for a fruitful session. Ribandar Talks’ first speaker this academic year, the tone - was set. “You don’t speak like a doctor, you must be an engineer”, said an old lady to Manish during one of his trips from San Francisco to Chicago. And yes, he was a Software Engineer from the days where studies meant being either a doctor or an engineer. Ramrao Adik Institute of Technology, Mumbai is the place where he did his engineering, and perhaps, it is the place where the first seeds of Entrepreneurship were sown in a young Manish’s mind. “All this is just ridiculous, nobody has ever started a business, been an entrepreneur, in our family”, urged Manish’s father but to no avail. DBSIS, a software company offering internet services, formed his first big foray into business management. DBSIS still exists in the form of IdeaLake, run by his partner, although Manish left it long back to move to the Silicon Valley, in the US. It is here where he started a product firm which turned out to be a disaster and made him lose all the revenues that he had generated through IdeaLake. “Nobody wants to get into the train while its stationary, but as soon as it starts moving, you find everyone trying to get in”...
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...8) One scarce item in the future will be water. Which is the least expensive way to get water from places of abundance to places of need? (Points : Question 4.4. (TCO 8) If there is one thing that advertisers agree upon, it is the growing importance of social media in product promotion. Given this information, (Points : 5) ----------------------------------------------------------------- BUSN 115 Final Exam Set 1 FOR MORE CLASSES VISIT www.busn115study.com Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of the following? (Points : 5) They take twice the human effort. They have the same defects in the finished product. They require half of the engineering effort. They use half the floor space for the same output. They carry 50% more inventory. Question 2.2. (TCO 7) Mass customization means (Points : 5) tailoring products to meet the needs of a large number of individual customers. fewer and fewer manufacturers are learning to customize their products. manufacturing companies may become service companies over time. more and more manufacturers are learning to customize their products. operations management concepts are not applicable to the service sector. Question 3.3. (TCO 8) One scarce item in the future will be water. Which is the least expensive way to get water from places of abundance to places of need? (Points : 5) ...
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...Engineering Entrepreneurship Ron Lasser, Ph.D. EN 0062 Class #4 9-29-06 1 Biodiesel Incorporated The Case: It is about one group’s efforts to identify a business opportunity Look at the Entrepreneurial Attractiveness index (textbook, bottom of page 35). Use this analytical tool to help you answer questions at the end of the case N EA = ∫ ( w1Y + w2 I − w3W − w4 R )dt 0 Try to understand the process required to evaluate an opportunity How to do homework: Read the case as a bedtime story and then read the questions at the end of the case; don’t answer the questions at this time Think about the case for 24 hours, then review chapter 2 Think about chapter and the case for another 24 hours to let your ideas form in your mind from the case, Chapter 2, and the topics discuss in class Finally, prepare your PowerPoint slide using critical thinking to answer the questions and summarize your thoughts into concise statements Keep it simple, but show me your understanding and learning 2 Summary 1 Background Hannah Long – Agricultural Economics Matthew Hammond – Mechanical Engineering Josh Maxwell – Grad School of Management Josh, Hannah, and Matthew meet in Business and Sustainability class Biodiesel is a class project 3 Summary 2 The Challenge Energy dependence is a world wide problem Usage is not sustainable, for it is not renewable Current energy industry is committed to current business model due to large assets...
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