Business Commons^™

The Impact Of Corporate Governance On Value Creation In Entrepreneurial Firms, Wee Liang Tan, Teck Meng Tan

Wee Liang TAN

The compliance with codes of corporate governance has become the norm for listed firms all over the world. In most countries, entrepreneurial firms do not have to comply with such codes but it has been argued that such codes should also apply to these small medium enterprises (SMEs). Since corporate governance forms the environment for the internal activities of a company and appropriate environmental conditions are crucial for corporate entrepreneurship to flourish in a company, it is apt that these two topics be discussed in relation with each other. Corporate governance mechanisms may dampen value creation in firms if appropriate …

The Creation Of Wealth And Value - Yet Another Definition Of Entrepreneurship, Wee Liang Tan

Wee Liang TAN

It seems strange that we should in this journal be defining entrepreneurship as if it were a philosophy in Raymond W Y Kao’s definitions that emblazons the inside cover of the journal. They are unlike other definitions of entrepreneurship that have focused either on the individual entrepreneur, his or her traits, or a process that ranges from the pre-launch to post-launch stages of a business venture. One might argue that it does not provide a working definition for research in view of its breadth. However, if one were to be open-minded, not dismiss the definitions and examine them, one discovers …

Singapore And Surroundings, Thomas Menkhoff

Thomas MENKHOFF

No abstract provided.

Innovation Engine, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

This paper describes a meta-model for innovation using an automobile engine as a metaphor. This innovation meta-model is used to manage a collection of innovation models. We develop an algorithm to identify innovations with potential for success using this meta-model. This meta-model can be used by corporations and individuals to identify plausible innovations at any given point in time.

Innovation Stack - Choosing Innovations For Commercialization, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

This paper describes a method for enterprises to order the innovations of interest according to a number of parameters including their own business strategy and core competencies. The method takes into account aspects such as ability to create entry barriers and complementary assets. Enterprises can now use this method to both filter out innovations that may not be of interest to them and then order the short listed or selected innovations according to their attractiveness.

Re-Engineering Xid Technologies - From Enterprise To Consumer Markets, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

Several studies have addressed the process of taking ideas to markets but few have shared the experiences of start up companies that have reexamined their product strategies and repositioned their products and services for better revenues and profits. This paper reports the efforts related to repositioning of XID technologies, a start up company, into new markets while continuing to exploit its core technical competencies.

Designing The Value Curve For Your Next Innovation, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

This paper introduces an additional feature to the Strategy Canvas and Value Curve that will make innovation designers more effective. The new feature is to let the innovators carry out the designs of their new innovations taking into account both the cost of improving the quality of a parameter that the users value highly and the savings accrued from the drop in provisioning for parameters that users place less emphasis in an innovation.

Factors Influencing Intention To Create New Venture Among Young Graduates, Ahmed Imran Hunjra, Hafiz Mushtaq Ahmad, Kashif Ur Rehman, Nadeem Safwan

Ahmed Imran Hunjra (PhD)

Purposeful Engagement Of First-Year Division I Student-Athletes, Keith Harrison

Dr. C. Keith Harrison

This study examined the extent to which transitioning, first-year student-athletes engage in educationally sound activities in college. The sample included 147 revenue and nonrevenue first-year student-athletes who were surveyed at four large Division 1-A universities. Findings revealed that revenue and nonrevenue first-year student athletes differed regarding their academic and athletic identities. Transitioning revenue student-athletes rated themselves as having slightly higher athletic identities, yet lower academic identities compared to their nonrevenue counterparts. The findings from this study also indicated that the kinds of effective educational practices that first-year student-athletes engage in have a positive influence on their academic self-concept. These findings …

Business And Non-Profit Organizations Facing Increased Competition And Growing Customers' Demands (Vol. 10), Anna Ujwary-Gil

Anna Ujwary-Gil

The major issues analyzed in the papers referred to: • business and non-profit organizations as an object of scientific research, • business and non-profit organizations in market economy, • modern tools for business and non-profit organizations management • business and non-profit organizations – global and regional aspects, • financial aspects of managing business and non-profit organizations.

A Competence-Based Curriculum Design For Entrepreneurship Study Program, Togar M. Simatupang Tms

Togar M Simatupang TMS

Indonesia is affected by global crisis. Increasing the number of entrepreneurs is one of many solutions to increase the economic growth in Indonesia. The number of entrepreneurs in Indonesia to leverage the economic growth is still limited. Entrepreneurs can be prepared through an Entrepreneurship Study Program. Entrepreneurship Study Program attempts to create qualified entrepreneurs who have relevant competences. In order to create a qualified entrepreneurs, the Entrepreneurial Studies Program requires a competency-based curriculum that will support the educational process and provide all the necessary to become future entrepreneurs who can survive through a global challenge. This research aims to design …

Levels And Degrees Of Emergence: Toward A Matrix Of Complexity In Entrepreneurship, Benyamin Lichtenstein

Benyamin Lichtenstein

Abstract: Emergence is at the core of entrepreneurship research, which has explored the coming-into-being of opportunities, new organisations, re-organisations, and new industries, agglomerations, and so on. Emergence is also at the theoretical core of complexity science, which is dedicated to exploring how and why emergence happens in dynamic systems like entrepreneurship. I propose a definition for emergence, which leads to the notion that emergence can occur in ‘degrees’ – from 1st-degree emergence to 2nd-degree and 3rd-degree emergence. Next, I provide a complexity-based explanation for the driver of emergence – ‘opportunity tension’, which sparks the entrepreneuring process. Finally, I draw from …

The Synergizing Principles, Dave Robinson Dr.

Dave Robinson Dr.

No abstract provided.

Collective Choice, Justin Schwartz

Justin Schwartz

This short nontechnical article reviews the Arrow Impossibility Theorem and its implications for rational democratic decisionmaking. In the 1950s, economist Kenneth J. Arrow proved that no method for producing a unique social choice involving at least three choices and three actors could satisfy four seemingly obvious constraints that are practically constitutive of democratic decisionmaking. Any such method must violate such a constraint and risks leading to disturbingly irrational results such and Condorcet cycling. I explain the theorem in plain, nonmathematical language, and discuss the history, range, and prospects of avoiding what seems like a fundamental theoretical challenge to the possibility …

Regional Deregulation And Entrepreneurial Growth In China’S Transition Economy,, Wubiao Zhou

Wubiao Zhou

No abstract provided.

The Use Of Environmental Health And Safety Research In Nanotechnology Research, Jan Youtie, Alan L. Porter, Philip Shapira, Li Tang, Troy Benn

Philip Shapira

Environmental, health, and safety (EHS) concerns are receiving considerable attention in the development of nanoscience and nanotechnology (nano) R&D, underscored by the perspective that EHS work should be developed alongside the scientific research rather than subsequent to applications. This positioning of nano EHS suggests the importance of early understanding and measurement of the diffusion of nano EHS science. This research examines the diffusion of nano EHS publications, defined through a set of search terms, into a global nanotechnology R&D database developed at Georgia Tech. The results indicate that nano EHS research is growing rapidly although it is orders of magnitude …

Exploring The Interplay Between Floss Adoption And Organizational Innovation, Paolo Spagnoletti, Tommaso Federici

Federici Tommaso

Growing research on Free/Libre Open Source Software (FLOSS) has addressed a variety of questions focusing on aspects ranging from open source development processes and developer motivation, to economic and policymaking implications. Nevertheless, a few authors have examined the adoption of FLOSS and its impact on organizational change and innovation. Adoption studies represent a particularly promising area for information system researchers to investigate the relationship between the specific properties of FLOSS and the processes of implementation and use. The goal of this article is to contribute to this field of research by discussing a former multitargeted research agenda and by defining …

When We Trust Too Much, Martin Mathews

Martin Mathews

This paper examines questions concerning the creation of trust in mature industrial district in south-east France; notably the quality of intra-district exchanges when compared with extra-district exchanges. The consequences of trusting habits learnt and reinforced in a highly socialised environment are highlighted. Finally, a suspension mechanism, that of identity and role, that SME managers employ in order to reduce uncertainty will be discussed. Results demonstrate that managers have solid foundations on which they may base their local trust decisions. However, they frequently transfer their trusting attitudes to external partners in the absence of such solid foundations. The consequences of this …

Mgt 355 Negotiations

Dr. Harold Welsch

This course relies upon experiential learning to enhance students ability to get what they want through the negotiation process. It is a skill building course designed to help each student become more persuasive, both personally and professionally. The course makes use of lecture, class discussion, various street negotiation assignments, and a major bargaining exercise. It enables students to compete effectively in future negotiations.

Mgt 398 New Venture Lab

Dr. Harold Welsch

This practicum course is for students who have already developed a business plan for a new commercial or social venture and intend, or have begun, to implement the plan. The course helps students accelerate their progress and manage risk by focusing on important milestones in the new venture development process: acquiring funding and other resources; identifying and selling to prospective customers; managing limited financial resources; building a team and network, including advisors and service providers; presenting the business opportunity to key stakeholders; and assembling infrastructure such as office and technology needs. Course requirements include a detailed action plan, milestone achievement …

Depaul Net Impact

Dr. Harold Welsch

DePaul Net Impact is a graduate level chapter of the global Net Impact organization. There are approximately 275 total Net Impact chapters globally. That number includes chapters at the Graduate, Undergraduate, and Professional levels.

Masters Of Business Administration (Mba) In Entrepreneurship

Dr. Harold Welsch

DePaul’s Entrepreneurship program is an internationally recognized, award-winning program. The program is designed for individuals who are preparing to start their own businesses, or who are managing innovative processes in established firms.

The Entrepreneurship concentration will provide you with the skills and abilities needed to:

· Think creatively and generate new business ideas

· Develop your business idea through market analysis

· Write a business plan

· Assess your entrepreneurial leadership skills

· Implement successful growth strategies

· Build an entrepreneurial spirit within established firms

· Consult for area businesses

· Interact directly with entrepreneurs and innovators

Entrepreneurs Networking

Dr. Harold Welsch

No abstract provided.

Mgt 370 Business Plan Development

Dr. Harold Welsch

A business plan is an important strategic tool required to help establish the direction of an enterprise and attract capital required to run the business. It incorporates and integrates the functional areas of business and puts into practice many of the concepts and theories acquired in other classes. It describes the overall business venture, the product or service, the customers, the competition, the marketing, the legal structure, the operations, the human resources plan, the break-even analysis, the financing and all those things that are required to run a business. It helps to identify many unanticipated factors and reality-tests critical assumptions, …

Mgt 521 Management Of Fast Growing Firms

Dr. Harold Welsch

Alternative growth strategies for companies in the second stage of their life cycle are examined. After initial start-up, a unique set of problems and constraints confront the firm limiting its growth. Expansion of product line and services, new market development, redefinition of organizations, financial resource allocation, second stage financing using a case study approach, and going public are some issues that are covered. Proposed revisions are critically evaluated. Offered once a year.

Commuter Advertising Sets The "Pace" With Audio Sponsorships

Dr. Harold Welsch

Russ enrolled at DePaul for its entrepreneurship program, wanting to bring his business idea to reality: a company that delivers audio advertising in mass transit vehicles as a means to address agency budget woes and create a new advertising channel for local companies. He subsequently wrote the business plan for Commuter Advertising in his first entrepreneurship course, received extensive coaching and consulting from the Coleman Center, and won the 2008 Launch DePaul competition. After leaving his full-time job to launch his company, Russ has raised over $600,000 in angel capital (two investors were contacts made through DePaul), entered into exclusive …

Mgt 393 Internship And Management Consulting Program

Dr. Harold Welsch

Students encounter real work experience improving linkages between classroom efforts and the business world.

Mgt 373 Creativity & Entrepreneurship

Dr. Harold Welsch

This course will provide an overview of the opportunity recognition and evaluation process by examining how people, the industry, and the social environment interact to identify, create and shape entrepreneurial opportunities. The focus of this course is on creativity and innovation within an entrepreneurial context. Students learn creative tools and applications to assist in designing new business ideas and ventures.

Mgt 570 Entrepreneurship And New Venture Management

Dr. Harold Welsch

The focus of the course is on new venture initiation and the preparation of a business plan that can be used to generate financing and to begin operations in a new business enterprise. It examines the critical factors involved in the conception, initiation and development of new business ventures. Topics covered include the identification of characteristics of prospective entrepreneurs, identifying innovations, market potential analysis for new products or services, acquiring seed capital, obtaining venture capital for growth or purchase of an existing business and organization and operation of the new business. Each student is required to develop a business plan …

Masters Of Science In Entrepreneurship (Mse)

Dr. Harold Welsch

The Master of Science in Entrepreneurship (MSE) builds upon a reputation for excellence with a new specialized program of study that will propel students to reach their enterprising dreams faster. Entrepreneur Magazine and The Princeton Review have rated the DePaul university graduate entrepreneurship program among the best in the nation with rankings in the top ten for over ten years. Engage your passions and become a part of the vibrant DePaul entrepreneurial community. For students interested in turning good opportunities into thriving businesses, the DePaul MSE will equip graduates to start and grow new ventures on their own, or within …