...BRIDGING THE VALLEY OF DEATH: LESSONS LEARNED FROM 14 YEARS OF COMMERCIALIZATION OF TECHNOLOGY EDUCATION ABSTRACT We argue for the increasing importance of 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...
Words: 8941 - Pages: 36
...------------------------------------------------- ENTR 207 – Entrepreneurs & Entrepreneurship ------------------------------------------------- Entrepreneurs typically learn from failure Florian Moron ID: 33265062 Lancaster University Management School Michaelmas Term 2012 Entrepreneurs typically learn from failure. “Develop success from failures. Discouragement and failure are two of the surest stepping stones to success”. In this respect, Dale Carnegie (2010) argues that one of the most important lessons from success is failure. It is interesting that Carnegie talks of failure being in everybody’s past, indicating that failure is not a process confined to the entrepreneur. The research undertaken for this paper has been concentrated on four different previous researches of Cope (2009), Ucbasaran et al. (2009, 2012) and Cardon et al. (2009). Attitudes toward failure are not homogeneous among entrepreneurs, however those who have experienced it are disputably more prepared for the battle of entrepreneurship. As a result it is beyond question to understand the deeply affective dimension of failure that include the loss of the venture and the personal loss. Cope’s paper (2009) stresses that learning from failure is not automatic or instantaneous but it represents an essential prerequisite for learning (Wilkinson and Mellahi, 2005, cited by Cope 2009). The learning entrepreneurial experience of failure is articulated trough a major “grief recovery”...
Words: 3134 - Pages: 13
...children during their primary education. Moreover, children learn easier and faster through graphic aids and pictures than studying purely by text. This implies that arts is an effective way of teaching lessons and values to the youth. Two of the key values necessary for community development are entrepreneurship and creativity. Thus, it would be advantageous to implant these values at an early age so as there will be more room for development in the future. In order to effectively impart these key values to the youth, certain activities must be conducted that will not only introduce the said values but also enhance it. The proposed training program entitled Pay-per Me-ché is designed specifically so that the Grade 6 and SPED students of Bambang Elementary School will learn some ways on having a livelihood project that they can adopt as early as now for a long-term means of profit and at the same time is appropriate for their age. The Pay-per Me-ché livelihood project will be conducted in cooperation with the faculty of Bambang Elementary School for a more efficient implementation. II. Goal The livelihood project aims to: * Enhance and instill to the students the value of creativity * Enhance and instill to the students the value of entrepreneurship * Provide the community (youth) an alternate means of livelihood and promote recycling * Improve the confidence of the students in handling entrepreneurial activities, and; * Promote to the students...
Words: 682 - Pages: 3
...Entrepreneurship PBSB 821 Bezuidenhout, P.J. 1224 6093 Botha, Desere 2250 2556 Buys, Johan 2049 8705 Kleynhans, Wessel 1251 7755 Schoeman, Willie 1032 6065 Van Wieringen, Anton 1231 8388 Wohlfahrt, Andre 2255 3533 Chicken Run Class Group Assignment Lecturer: Prof. S. van der Merwe Due Date: 30 July 2011 Entrepreneurship PBSB 821 Bezuidenhout, P.J. 1224 6093 Botha, Desere 2250 2556 Buys, Johan 2049 8705 Kleynhans, Wessel 1251 7755 Schoeman, Willie 1032 6065 Van Wieringen, Anton 1231 8388 Wohlfahrt, Andre 2255 3533 Chicken Run Class Group Assignment Lecturer: Prof. S. van der Merwe Due Date: 30 July 2011 Roxanne Quimby & “Burt’s Bees” Roxanne Quimby & “Burt’s Bees” By Bezuidenhout, P.J. 1224 6093 Botha, Desere 2250 2556 Buys, Johan 2049 8705 Kleynhans, Wessel 1251 7755 Schoeman, Willie 1032 6065 Van Wieringen, Anton 1231 8388 Wohlfahrt, Andre 2255 3533 Module: Entrepreneurship Module Code: PBSB 821 Group: Chicken Run Assignment due date: 30 July 2011 Module: Entrepreneurship Module Code: PBSB 821 Group: Chicken Run Assignment due date: 30 July 2011 Element: | Mark: | Question 1 | | Question 2 | | Question 3 | | Question 4 | | Question 5 | | | | | | | | TOTAL | | Contents Question 1 ~ Who can be an entrepreneur? 3 Question 2 ~ Risks, rewards and trade-offs of a lifestyle...
Words: 1949 - Pages: 8
...Chelsea Bullard Assignment 4 English 101 CACC 10/25/2011 If an ordinary person were asked if India and the United States were alike, most would say they are total opposites. If people would look more closely at the attributes of both countries they would see both similarities and differences. Considering the characteristics of these two countries such as the economy, religion, and education it will give readers a better view of how they compare. The United States has the largest and most technologically powerful economy in the world. It holds over four hundred of the biggest companies in the world and is continuing to grow. The United States has gone from farming and agriculture to more high-end business firms. Most people are well educated and are pretty successful. The unemployment rate has even dropped since the Immigration Law was put in place. Comparing India to the United States is fairly simple. India has been around for nearly ten thousand years, when the United States has just begun developing within the past five hundred years. Even with ten thousand years of development, India falls far behind the United States. Creations such as the automobile and the telephone revolutionized the American economy, while India’s economy still struggles to this day. This is evidenced by Balram when he stated, “The greatest thing to come out of this country in the ten thousand years of its history is the Rooster Coop.” (page 147). India’s economy consists of more agriculture...
Words: 928 - Pages: 4
...Entrepreneurship Leadership Abstract The purpose of this paper is to inform about the common elements found in the thinking of Case, Kouzes, and Drucker about the entrepreneurial. Include the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial Leadership in today’s Dynamic Markets. Describe what type of organization a transactional, transformational, and authentic leader would thrive in the most, as well as which type of leader would thrive the least. Evaluate and explain the resources available through Small Business Administration (SBA) and SCORE, and how new entrepreneurs can take advantage of these. Also include a list of leadership “best practices” according with the author of this paper that would apply to the greatest small and large business. Entrepreneurship Leadership Entrepreneurship leadership is defined as a social influence process that facilitates the discovery, evaluation, and also the exploitation of entrepreneurial opportunities. Entrepreneurship as a concept is a symbiotic bond between the creation of a new venture and playing the role of entrepreneurship as a leader-founder. The main idea presented in all the sources points out on the fact whether a leader is made or born. Entrepreneurship in the past research and studies was based on trait theory and the focus was only on the individual. However, Kouzes pointed out that leadership as a whole fails if the leader does not understand the people they work along...
Words: 2018 - Pages: 9
...REFLECTION ESSAY: Doug Strickland Reflection Essay: Doug Strickland Small Business Management and Entrepreneurship Com/156 Sherri J. Johnson Robyn McMaster 2 RELECTION ESSAY: Doug Strickland Table of Contents Introduction and Thesis…………………………………………………………………………………..3 Influences…………………………………………………………………………………………………..3 Business Education………………………………………………………………………………………..4 Culinary Education………………………………………………………………………………………..4 Work History………………………………………………………………………………………………5 Avoiding Failure…….…………………………………………………………………………………….6 Winning At Success ……………………………………………………………………………………..7 Groups and Associations………………………………………………………………………………….7 Conclusion………………………………………………………………………………………………….7 References………………………………………………………………………………………………….8 3 REFLECTION ESSAY: Doug Strickland Reflection Essay: Doug Strickland Doug Strickland is an importer and broker of Integrity Wines which specialize in fine natural wines. He has been affiliated with the Restaurant and Winery business for over 25 years. Strickland is an all-around entrepreneur in the culinary division of fine foods and wines. His love for food and wine started when he was a teenage and carried on into his college life. Strickland put his dreams of becoming an entrepreneur on the backburner to hold other titles and positions right after college. After holding many other job titles he was determined to turn his million dollar ideas into a reality with the support...
Words: 1592 - Pages: 7
...Case Studies Engineering Subject Centre Case Studies: Four Mini Case Studies in Entrepreneurship February 2006 Authorship These case studies were commissioned by the Engineering Subject Centre and were written by: · Liz Read, Development Manager for Enterprise and Entrepreneurship (Students) at Coventry University Edited by Engineering Subject Centre staff. Published by The Higher Education Academy Engineering Subject Centre ISBN 9781904804437 © 2006 The Higher Education Academy Engineering Subject Centre Contents Foreword...................................................................................................5 1 Bowzo: a Case Study in Engineering Entrepreneurship ...............6 2 Daniel Platt Limited: A Case Study in Engineering Entrepreneurship .....................................................................................9 3 Hidden Nation: A Case Study in Engineering Entrepreneurship11 4 The Narrow Car Company...............................................................14 Engineering Subject Centre Four Mini Case Studies in Entrepreneurship 3 Foreword The four case studies that follow each have a number of common features. They each illustrate the birth of an idea and show how that idea can be realised into a marketable product. Each case study deals with engineering design and development issues and each highlights the importance of developing sound marketing strategies including market ...
Words: 4018 - Pages: 17
...harvesting) • Your recommendations to take the business to the next level or to solve challenges faced by the business. • End the report with a conclusion and summary. • Include (at end of the report – one page) your reflection (how did you experience the interview/assignment?) after completing the assignment (lessons learnt, value added to you, suggestions for future assignments, among others). Interview questions 1. Will you please give me more info wrt to Frankie Bells? 2. Would you tell me about yourself before you started your own business? 3. Whom else did you know while you were growing up who had started or owned a business, and how did they influence you? 4. Were your parents, relatives, or close friends entrepreneurial, how so? 5. Did you have role models? 6. What was your education experience? In hindsight was it helpful? In what specific ways? 7. Did you have a business / self-employment during your youth? 8. In particular, did you have any sales or marketing experience? How important was it, or lack of it, to starting your Company? 9. When, under what circumstances, and from whom did you become interested in entrepreneurship and learn...
Words: 1044 - Pages: 5
...Solving Personal Problems: Applying the Five-Step Model J Gonzales April 25, 2016 The objective is to control the problem and not allow the problem to control you. To productively manage a situation you have to practice using the 5-step model. The first step in the 5-step model is pinning the problem. The second step is establish your options. The third step is determine the advantages and disadvantages of each option. The fourth step is electing the solution you feel best suits. The fifth step is evaluating if the solution chosen is effective (John Chaffee, 2014). In week 2, we discussed barriers and learned to identify them to rid ourselves from them. This was a great lesson however, from personal experience I can tell you that it takes more than just identifying the problems to make change. In recent years, I went through a divorce and a change in careers that have forced me to sit and examine my finances. I have set goals, time and time again, to save X amount of money each year for my children's college fund and have created spreadsheets on how I can accomplish this. While it looked great on paper and the system appeared solid, I always came up short on my goals and I realized that other areas of my finances were also being affected. After studying critical thinking and the five-step model the last couple of weeks, I discovered that the first step to fulfill my goal (s) was to identify the problem. The problem is me. I have failed to take full responsibility for my...
Words: 682 - Pages: 3
...MANAGEMENT 163 Entrepreneurship and New Product Development Winter 2015 Draft Syllabus January 2015 Instructor: Farhad D. Rostamian, PhD., MBA Office and Office Hours: By arrangement Teaching Assistant: TBD E-mail: fdrostamian@gmail.com Messages: Valerie Myers, (310) 206-3011, vmyers@anderson.ucla.edu Enrollment: Open enrollment. Time: Wednesdays, 4 to 7 PM First Class meets: Wednesday, January 7 Room: Anderson Complex, Cornell Hall, D-307 Course Description New products are the lifeblood of any corporation and the cornerstone of any economy. Without expanding the product portfolio, any modern corporation can quickly succumb to competition and lose significant market share, or even be totally dis-intermediated. This phenomenon has been intensified with the advancements in digital economy. The innovation process has been significantly altered as a result of the impact of digital economy across all industries and markets. While most companies recognize the need for new products, not all such new products that are introduced to the market are successful. And even a smaller percentage can stand the test of time and reach significant market share or achieve resilient popularity. Innovation is one of the key drivers of making new products. We will examine the process of innovation and new product development and discuss the associated paradigms and success factors (through the case and class discussions). This course is designed to help students deepen...
Words: 2176 - Pages: 9
...it played an essential role in shaping the way that the world is today. The growth of entrepreneurship and the introduction of inventions such as incandescent light bulb, made way for a time of tremendous growth in the United States. The rise of entrepreneurship also made acts such as child labor and the mistreatment of immigrants an acceptable practice. These practices although negative, also played a part in shaping of the nation. Entrepreneurship, Technology and Immigration are three aspects that played a major role in the industrial revolution. Entrepreneurship was important to this time period due to the massive growth and expansion in the central industries. The central industries include railroads, steel and petroleum; the growth of these industries made is easier to access the rest of the nation. The federal government helped with the expansion of the railroad network by supporting the expansion of railroad development between 1860 and 1915. During this time the railroad network development expanded from merely 30,000 miles of track to over 250,000 miles. Entrepreneur Leland Stanford was one of the businessmen that made the expansion of the railroad system possible. He along with his business partners Collis Huntington, Charles Crocker and Mark Hopkins helped to make it possible to access the west by way of the California railroad system. Without the contribution of entrepreneurship, it would have been impossible for the major...
Words: 1440 - Pages: 6
...it played an essential role in shaping the way that the world is today. The growth of entrepreneurship and the introduction of inventions such as incandescent light bulb, made way for a time of tremendous growth in the United States. The rise of entrepreneurship also made acts such as child labor and the mistreatment of immigrants an acceptable practice. These practices although negative, also played a part in shaping of the nation. Entrepreneurship, Technology and Immigration are three aspects that played a major role in the industrial revolution. Entrepreneurship was important to this time period due to the massive growth and expansion in the central industries. The central industries include railroads, steel and petroleum; the growth of these industries made is easier to access the rest of the nation. The federal government helped with the expansion of the railroad network by supporting the expansion of railroad development between 1860 and 1915. During this time the railroad network development expanded from merely 30,000 miles of track to over 250,000 miles. Entrepreneur Leland Stanford was one of the businessmen that made the expansion of the railroad system possible. He along with his business partners Collis Huntington, Charles Crocker and Mark Hopkins helped to make it possible to access the west by way of the California railroad system. Without the contribution of entrepreneurship, it would have been impossible for the major industries to take off and help build the...
Words: 1426 - Pages: 6
...Entrepreneurial Leadership To become a successful leader in business one must possess characteristics of successful entrepreneurs. Some of these characteristics are having great vision, working with high energy levels, needing to achieve, having self-confidence and being optimistic, having tolerance for failure, being creative, having tolerance for ambiguity and having internal locus of control. (Kurtz, 2010, p.192-196). Nevertheless, the most importance characteristic of all is to have passion for the work. “Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.”- Albert Schweitzer. Steve Jobs, an inventor and co-founder of Apple Inc., and Blake Mycoskie, the Founder and Chief Shoe Giver of TOMS, share some of these characteristics. Though they are both well-known for being successful entrepreneurs, they are not in the same categories. Jobs is a serial entrepreneur while Mycoskie is a social entrepreneur. Jobs, as an inventor and a serial entrepreneur, believed in creating great products for the consumers. He started Apple computers with his partner, Steve Wozniak, in 1976, found NeXT in 1985, purchased Pixar in 1986 then returned to reinventing Apple in 1997. “As a boy, Jobs and his father would work on electronics in the family garage. Paul would show his son how to take apart and reconstruct electronics, a hobby which instilled confidence, tenacity, and mechanical prowess in young Jobs.”...
Words: 1658 - Pages: 7
...definition of entrepreneurship and the entrepreneurial process that spans lifestyle to high potential ventures. 2. Examined the practical issues you will address and explore throughout the book. 3. Learned how entrepreneurs and their financial backers get the odds for success in their favor, defYing the pattern of disappointment and failure experienced by many. 4. Examined the Timmons Model of the entrepreneurial process, how it can be applied to your entrepreneurial career aspirations and ideas for businesses, and how recent research confirms its validity. Demystifying Entrepreneurship Entrepreneurship is a way of thinking, reasoning, and acting that is opportunity obsessed, holistic in approach, and leadership balanced. 1 Entrepreneurship results in the creation, enhancement, realization, and renewal of value, not just for owners, but for all participants and stakeholders. At the heart of the process is the creation and/or recognition of opportunities, 2 followed by the will and initiative to seize these opportunities. It requires a willingness to take risksboth personal and financial-out in a very calculated fashion in order to constantly shift the odds of success, balancing the risk with the potential reward. Typically, entrepreneurs devise ingenious strategies to marshall their limited resources. 1 Today, entrepreneurship has evolved beyond the classic startup notion to include companies and organizations of all types, in all stages. Thus, entrepreneurship can occur-and...
Words: 16706 - Pages: 67
