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While accurate data is hard to come by, some sources claim that up 90% of starts up fail. There can be many reasons for this including but not limited to the product or service not meeting market needs, the business model being flawed, or early-stage funding not materialising. One potential issue not often discussed is the impact of employee commitment and the extent to which those working for startups are prepared to put in the discretionary effort sometimes needed to get the startup over those critical early-stage challenges, something which is apparently experienced to a much greater extent by female founders when compared to their male peers. To discuss this I am delighted to be joined on the Brain for Business podcast by Professor Olenka Kacperczyk of London Business School.Amongst other things Olenka argues that: Women face well-documented obstacles when looking to found startups Research has consistently revealed patterns of inequity in the sharing of venture capital, but reasons for the performance gap between male and female-led startups are unclear A key factor may be that people generally are significantly less motivated to work for women than they are for men To address this, it is vital that educators and others intensify efforts to promote awareness of often-unconscious discriminatory behaviours to address bias against female bosses About Olenka Olenka Kacperczyk is a Professor of Strategy and Entrepreneurship at London Business School. She received her PhD from the Ross School of Business at the University of Michigan and prior to joining London Business School, Olenka held a faculty position at the Sloan School of Management at MIT. Olenka's research focuses on entrepreneurship and examines (a) why individuals sometimes give up their jobs and become entrepreneurs and (b) how people's movements into entrepreneurship affect social inequality, workplace segregation, and income distribution. Olenka currently serves as an Associate Editor at Administrative Science Quarterly. She has previously served as an Associate Editor at Organization Science, Strategic Management Journal, and Management Science. She is the recipient of many awards, including the Kauffman Junior Faculty Scholarship for Entrepreneurship Research and the William F. Glueck Award at the Academy of Management. Olenka teaches topics related to entrepreneurial strategy and strategic management in established firms. The paper discussed - Do Employees Work Less for Female Leaders? A Multi-Method Study of Entrepreneurial Firms - is available online https://pubsonline.informs.org/doi/10.1287/orsc.2022.1611 You can find out more about Olenka's research here: https://www.olenkak.com/ Hosted on Acast. See acast.com/privacy for more information.
In this episode, we explore how time pressure and regret can influence our search behavior as customers in the world of online shopping. Our guest, Timm Opitz, sheds light on his research paper titled "Time Pressure and Regret in Sequential Search", which investigates the impact of urgency and regret on optimal search behavior by conducting experiments in a controlled environment. He also shares some strategies we can use to overcome the influence of urgency and regret in our shopping behaviour. Timm Opitz is economist currently pursuing his PhD at the Max-Planck-Institute for Innovation and Competition in Munich, Germany, where he is part of the Innovation and Entrepreneurship Research group. As such, his research interests are Entrepreneurship, Behavioral Market Design and Developmental Psychology. You can find his paper on "Time Pressure and Regret in Sequential Search" here.
University of Colorado-Boulder professors Jeff York and Brad Werner distill entrepreneurship research into actionable insights. CREATIVE DISTILLATION Jeff York | Associate Professor | Research Director jeffrey.york@colorado.edu Brad Werner | Instructor | Teaching Director walter.werner@colorado.edu Deming Center for Entrepreneurship | CU Leeds School of Business 303.492.9018 | deming@colorado.edu -- EPISODE 36: Meet the Deming Center Team This week on Creative Distillation, we're still at Wild Provisions Beer Project in Boulder, Colorado, where Brad and Jeff introduce you to the team at the Deming Center for Entrepreneurship Research at CU-Boulder. It's a small but hardworking and incredibly capable team dedicated to providing CU students with the education, training and resources to realize their startup dreams. Learn more about the Deming Center staff at https://www.colorado.edu/business/deming/about-us/staff Learn more about Wild Provisions and order merch at https://wildprovisionsbeer.com. Learn more about CU's Deming Center for Entrepreneurship: https://deming.colorado.edu Comments/criticism/suggestions/feedback? We'd love to hear it. Drop us a note at CDpodcast@colorado.edu. Thanks for listening. - An Analog Digital Arts Production for the Deming Center for Entrepreneurship Produced, recorded and edited by Joel Davis "Whiskey Before Breakfast" [Traditional] performed by Jeffrey York and Brad Werner. Recorded, mixed and mastered by George Figgs.
What is entrepreneurship, and how do you become a successful entrepreneur? Professor Saras Sarasvathy gives us a brief version of her award-winning theory on effectuation and tells us more about what made her interested in entrepreneurship both as an entrepreneur herself and as an academic. She also provides governments worldwide with policy suggestions on making entrepreneurship a skillset taught to children.
Frontline IB: Conversations With International Business Scholars
Kathleen Eisenhardt is Professor of Strategy and Organization at Stanford University's School of Engineering. She holds the S.W. Ascherman MD Chair and is a member of the Stanford Technology Ventures Program. Kathleen's research sits at the nexus of strategy, organization theory and entrepreneurship where she focuses on high-velocity markets and technology-based firms. She is currently studying strategy in distinct economic “games” like 2-sided marketplaces, cognitive processes, and strategy in nascent markets, particularly using multi-case methods. She has recently blended multi-case theory building with machine learning for more robust theory build. Her most recent book (w/Don Sull) is Simple Rules: How to Thrive in a Complex World, designated a top business book by the Wall Street Journal and Washington Post. Kathleen has worked extensively with firms in sectors, ranging from Internet, clean tech, software and semiconductor to agribusiness and biotech. She has been a Fellow at the World Economic Forum (Davos), and won numerous awards including AIB's John Fayerweather Eminent Scholar Award, Global Award for Entrepreneurship Research, SMS' career C.K. Prahalad Award, and AOM's career Scholarly Contributions to Management Award. Her papers have won the Schendel Best Paper Prize and ASQ's Scholarly Contribution Award (twice). Kathleen is a Fellow of the Strategic Management Society and Academy of Management. She holds degrees in Mechanical Engineering and Computer Science. Her PhD is from Stanford's Graduate School of Business. Visit https://www.aib.world/frontline-ib/kathleen-eisenhardt/ for the original video interview.
Researchers into entrepreneurship have a powerful incentive to identify new insights about how businesses grow and thrive. Happily for everyone involved in business and innovation, entrepreneurial research is thriving, blossoming, and flourishing. Professor Vishal Gupta's book, Great Minds In Entrepreneurship Research, surveys thirty or more years of research papers that were awarded what is colloquially known as the Nobel Prize in Entrepreneurship Research (formally known as the Global Award for Entrepreneurship Research: GAER). The research field is deep, rich, dynamic and expanding. Research identifies and examines entrepreneurship in every business size and type as a fundamental economic activity. In its earliest days, entrepreneurship research focused a lot on small business but, today, business size and stage are not the constraints. The research identifies entrepreneurship in corporations, non-profits, and many more business sectors. Much of the research focus is on entrepreneurial contribution — to growth, to job creation, to innovation, to progress. Entrepreneurship is identified as the great economic contributor to betterment and well-being, measured via GDP growth in countries large and small, the creation of new and better jobs for people worldwide, new innovations and new business directions, and individual progress in general. As Mises stated, entrepreneurship is the driving force of the market system. New entry, properly understood, is one way to characterize entrepreneurship. The search for a single characteristic of entrepreneurship risks missing critical insights. However, one that garners broad support is “new entry” — entering new markets, entering existing markets with new value propositions, entering established product fields with new innovations, or entering into existing customer mindsets with new ideas. Economic productivity is another. A rich vein of entrepreneurship research has measured the efficiency that entrepreneurs bring to the use of resources — producing more with less. For example, research has measured innovation efficiency as the number of innovations per employee, and has found that smaller, more nimble firms are far more efficient on this metric than big corporations, even if the latter launch more new products in total (and generate more PR). The research has uncovered a new type of firm and business model, and new business ratios that result. NTBF is the acronym for New Technology Based Firms, those that innovate with new business models and new ways to facilitate service experience via dematerialized delivery. One of the results of these new models is new sets of business ratios — for example, revenue per employees which, with software based companies on the internet, can now reach never-before realized levels. This evolution has forced researchers to re-think some of their models. For example, the biologically-derived product life cycle (PLC) model of business maturity — birth, life and death — has to be revised because dematerialized companies can easily be re-born, even after near-death experiences. Think Apple — the founder died and, at one time, it was thought that the company might, but it was reborn. Research opens up entirely new ways to think about business. New research fields such as complex adaptive systems (or complex creative systems as Professor Todd Chiles prefers to call them) represent a new way to think about business — focusing less on individual firms and more on the value networks and service systems of which they are a part. New ways of evaluating business potential are also emerging from research. Professor Gupta discussed characteristics of firms such as knowledge absorption and absorptive capacity. Extending the Hayekian concept of distributed specialized knowledge, researchers have identified the ability to quickly absorb and apply new knowledge as a critical capacity of successful adaptive firms, and have shed light on many of the internal constraints this absorptive capacity. Research recognizes the role of entrepreneurial imagination and subjectivity, although it doesn't always get it right. Austrian economics highlights subjectivity and views entrepreneurial opportunity as a subjective phenomenon, based in the imagination of the entrepreneur. Not all entrepreneurship researchers have been able to become comfortable with this idea, continuing to see opportunity as objectively identifiable. Austrians seem to be in the ascendancy on this controversy. Importantly, entrepreneurship research is becoming interdisciplinary. Systems thinking requires an interdisciplinary approach. Researchers in sociology, psychology, finance and even anthropology are examining entrepreneurship via their own research lenses. This development can only help the advance of entrepreneurship across a broad front of society and culture, as well as economics. Additional Resources "What Entrepreneurship Is (and Isn't)” (PDF): Mises.org/E4E_96_PDF Download our eBook, Austrian Economics in Contemporary Business Applications, featuring a chapter from Vishal (PDF): Mises.org/E4B_eBook
Researchers into entrepreneurship have a powerful incentive to identify new insights about how businesses grow and thrive. Happily for everyone involved in business and innovation, entrepreneurial research is thriving, blossoming, and flourishing. Professor Vishal Gupta's book, Great Minds In Entrepreneurship Research, surveys thirty or more years of research papers that were awarded what is colloquially known as the Nobel Prize in Entrepreneurship Research (formally known as the Global Award for Entrepreneurship Research: GAER). The research field is deep, rich, dynamic and expanding. Research identifies and examines entrepreneurship in every business size and type as a fundamental economic activity. In its earliest days, entrepreneurship research focused a lot on small business but, today, business size and stage are not the constraints. The research identifies entrepreneurship in corporations, non-profits, and many more business sectors. Much of the research focus is on entrepreneurial contribution — to growth, to job creation, to innovation, to progress. Entrepreneurship is identified as the great economic contributor to betterment and well-being, measured via GDP growth in countries large and small, the creation of new and better jobs for people worldwide, new innovations and new business directions, and individual progress in general. As Mises stated, entrepreneurship is the driving force of the market system. New entry, properly understood, is one way to characterize entrepreneurship. The search for a single characteristic of entrepreneurship risks missing critical insights. However, one that garners broad support is “new entry” — entering new markets, entering existing markets with new value propositions, entering established product fields with new innovations, or entering into existing customer mindsets with new ideas. Economic productivity is another. A rich vein of entrepreneurship research has measured the efficiency that entrepreneurs bring to the use of resources — producing more with less. For example, research has measured innovation efficiency as the number of innovations per employee, and has found that smaller, more nimble firms are far more efficient on this metric than big corporations, even if the latter launch more new products in total (and generate more PR). The research has uncovered a new type of firm and business model, and new business ratios that result. NTBF is the acronym for New Technology Based Firms, those that innovate with new business models and new ways to facilitate service experience via dematerialized delivery. One of the results of these new models is new sets of business ratios — for example, revenue per employees which, with software based companies on the internet, can now reach never-before realized levels. This evolution has forced researchers to re-think some of their models. For example, the biologically-derived product life cycle (PLC) model of business maturity — birth, life and death — has to be revised because dematerialized companies can easily be re-born, even after near-death experiences. Think Apple — the founder died and, at one time, it was thought that the company might, but it was reborn. Research opens up entirely new ways to think about business. New research fields such as complex adaptive systems (or complex creative systems as Professor Todd Chiles prefers to call them) represent a new way to think about business — focusing less on individual firms and more on the value networks and service systems of which they are a part. New ways of evaluating business potential are also emerging from research. Professor Gupta discussed characteristics of firms such as knowledge absorption and absorptive capacity. Extending the Hayekian concept of distributed specialized knowledge, researchers have identified the ability to quickly absorb and apply new knowledge as a critical capacity of successful adaptive firms, and have shed light on many of the internal constraints this absorptive capacity. Research recognizes the role of entrepreneurial imagination and subjectivity, although it doesn't always get it right. Austrian economics highlights subjectivity and views entrepreneurial opportunity as a subjective phenomenon, based in the imagination of the entrepreneur. Not all entrepreneurship researchers have been able to become comfortable with this idea, continuing to see opportunity as objectively identifiable. Austrians seem to be in the ascendancy on this controversy. Importantly, entrepreneurship research is becoming interdisciplinary. Systems thinking requires an interdisciplinary approach. Researchers in sociology, psychology, finance and even anthropology are examining entrepreneurship via their own research lenses. This development can only help the advance of entrepreneurship across a broad front of society and culture, as well as economics. Additional Resources "What Entrepreneurship Is (and Isn't)” (PDF): Mises.org/E4E_96_PDF Download our eBook, Austrian Economics in Contemporary Business Applications, featuring a chapter from Vishal (PDF): Mises.org/E4B_eBook
IIMA ICICI Bank Chair Professor Chirantan Chatterjee, also Chairperson at Centre for Management of Health Services (CMHS) in conversation with Prof. Dietmar Harhoff, Director-Innovation and Entrepreneurship Research, Honorary Professor at the University of Munich. Prof. Reiner Leidl, Chair at Ludwig Maximilians University in Munich and Director of an Institute of Health Economics within the Helmholtz Association. Prof. (Dr.) Carolin Heussler, Chair of Organisation, Technology Management and Entrepreneurship at University of Passau, Germany. Prof. Georg Graevenitz, Senior Lecturer in Quantitative Methods, School of Business and Management at Queen Mary University of London. Dr. Fabian Gaessler, Senior Research Fellow in the Department for Innovation and Entrepreneurship Research at the Max Planck Institute for Innovation and Competition in Munich on “COVID-19 & National Healthcare & Innovation Policy: Insights from Germany”.
Many universities now offer courses in entrepreneurship, as students have been inspired by tech entrepreneurs such as Elon Musk and Mark Zuckerberg. But what exactly is entrepreneurship and who qualifies as an entrepreneur? Is entrepreneurship essential for economic growth? To help answer these questions, Economics Explained host Gene Tunny invited Professor Peter G. Klein on to the program. Peter is W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University in Texas. He is also Carl Menger Research Fellow at the Mises Institute. TimestampsUse these timestamps to jump right to the highlights:2:25 – what is entrepreneurship? Entrepreneurship as a mindset 6:50 – Was Donald Trump an entrepreneur?15:50 – Schumpeter’s theory of creative destruction19:20 – Peter’s Entrepreneurial Judgment model (check out Peter’s book co-authored with Nikolai J. Foss Organizing Entrepreneurial Judgment and Peter’s Murray N. Rothbard lecture The Present State of Entrepreneurship Research on YouTube)26:15 – Gene mentions Cal Newport’s point that Steve Jobs thought the big value add of the iPhone was you could have your phone and iPod in the one device and didn’t foresee just how important all the apps would be (check out Newport’s great book Digital Minimalism) 35:15 – discussion of best places to be an entrepreneur, in which Peter tells Gene that Australia may not be as bad as he thinks, and Austin, Texas is attracting people who are leaving Silicon Valley39:05 – Peter says entrepreneurs are “absolutely front and centre in the process of economic growth” 44:15 – Peter refers to "the allure of fine tuning the economy" regarding frequent tweaks to R&D tax incentives The episode was recorded via Zoom video conferencing on the 12th of February 2020.
To learn more about becoming a Certified Strengths Coach at the Gallup Strengths Center: http://on.gallup.com/1i5OXhq.Gallup's Called to Coach is a live Webcast that targets current and prospective coaches to interact with Gallup experts and independent strengths coaches who have found success in strengths-based development.On a recent Called to Coach, we spoke with Dr. Sangeeta Badal, Gallup's Principal Scientist, Entrepreneurship & Job Creation, about some exciting new research on entrepreneurship that Gallup will be conducting in the late summer and fall and winter of 2019-2020. Dr. Badal detailed how coaches can get involved in this research that involves Gallup's Builder Profile 10, or BP10, assessment -- the deadline for participation has now been extended to September 16, 2019. Our guest host was Todd Johnson, Gallup's Senior Global Channel Leader, Entrepreneurship & Job Creation.
To learn more about becoming a Certified Strengths Coach at the Gallup Strengths Center: http://on.gallup.com/1i5OXhq.Gallup's Called to Coach is a live Webcast that targets current and prospective coaches to interact with Gallup experts and independent strengths coaches who have found success in strengths-based development.On a recent Called to Coach, we spoke with Dr. Sangeeta Badal, Gallup's Principal Scientist, Entrepreneurship & Job Creation, about some exciting new research on entrepreneurship that Gallup will be conducting in the late summer and fall and winter of 2019-2020. Dr. Badal detailed how coaches can get involved in this research that involves Gallup's Builder Profile 10, or BP10, assessment -- the deadline for participation has now been extended to September 16, 2019. Our guest host was Todd Johnson, Gallup's Senior Global Channel Leader, Entrepreneurship & Job Creation.
To learn more about becoming a Certified Strengths Coach at the Gallup Strengths Center: http://on.gallup.com/1i5OXhq. Gallup's Called to Coach is a live Webcast that targets current and prospective coaches to interact with Gallup experts and independent strengths coaches who have found success in strengths-based development. On a recent Called to Coach, we spoke with Dr. Sangeeta Badal, Gallup's Principal Scientist, Entrepreneurship & Job Creation, about some exciting new research on entrepreneurship that Gallup will be conducting in the late summer and fall and winter of 2019-2020. Dr. Badal detailed how coaches can get involved in this research that involves Gallup's Builder Profile 10, or BP10, assessment -- the deadline for participation has now been extended to September 16, 2019. Our guest host was Todd Johnson, Gallup's Senior Global Channel Leader, Entrepreneurship & Job Creation.
To learn more about becoming a Certified Strengths Coach at the Gallup Strengths Center: http://on.gallup.com/1i5OXhq. Gallup's Called to Coach is a live Webcast that targets current and prospective coaches to interact with Gallup experts and independent strengths coaches who have found success in strengths-based development. On a recent Called to Coach, we spoke with Dr. Sangeeta Badal, Gallup's Principal Scientist, Entrepreneurship & Job Creation, about some exciting new research on entrepreneurship that Gallup will be conducting in the late summer and fall and winter of 2019-2020. Dr. Badal detailed how coaches can get involved in this research that involves Gallup's Builder Profile 10, or BP10, assessment -- the deadline for participation has now been extended to September 16, 2019. Our guest host was Todd Johnson, Gallup's Senior Global Channel Leader, Entrepreneurship & Job Creation.
In this podcast Boyan Jovanovic, the winner of the Global Award for Entrepreneurship Research 2019, reveals what he will do with the prize money and that he every year goes back to his birth country Serbia to teach a masters class in finance. He speaks about entrepreneurhip in Sweden and that the welfare state provides a safety net for risk takers. “This will encourage risk taking among those with access to funds”, he remarks. Adding that – in a Swedish context – “to develop some ideas you need creativity and experience and much more, and existing companies may have that. So maybe it is not such a bad thing that when an idea has been developed the business is sold.”
In this episode, we speak to Humber Business School professor Cheryl Mitchell about research she has done into the manner in which students approach projects in entrepreneurship. [Note: this is the first episode recorded outside the CTL studio and with our new remote microphone, so the sound is a bit rougher than usual]
Olav Sorenson, winner of the Global Award for Entrepreneurship Research 2018, grew up in a small town in South Dakota and set out wanting to be a consultant. Today he is professor at Yale School of Management and has in his research shown how important social networks are to entrepreneurship. In this podcast he reveals what he would wish for if he was granted a wish that would be fulfilled during his lifetime.
Former US President Bill Clinton has described Hernando de Soto as “the world’s most important living economist.” Mr. de Soto visited Sweden in May 2017 to receive the Global Award for Entrepreneurship Research. In this pod he takes the listeners into the world where he grew up and tells us why he returned to Peru to start his today renowned think tank the Institute for Liberty and Democracy (ILD). And he explains how property rights can eradicate poverty!
Blake Mathias is a Professor, Entrepreneur, and Investor who started his entrepreneur path at a young age. He grew up in a family business, “Mathias Electric” in Illinois which over the years branched out to multiple businesses. With only 13 years old got expose to entrepreneurship. While in College He made the decision of becoming a College Professor and teaching entrepreneurship. Due to some family circumstances, Blake put his career on hold and took over the family businesses. As he ran them, he finished his PhD in Organizations & Strategy (Entrepreneurship) at the University of Tennessee and face a life-changing decision, either go back to Illinois or continue the path of being a professor, Blake at the time decided to focus on both but ultimately chose to be a professor and has being doing it since. What You’ll Learn From this Episode: Why become a Professor in entrepreneurship Importance of Podcasting as a tool helping entrepreneurs growth Blakes managing style in handling different businesses (the business strategy) Differences between running your own business versus the family business The sense of ownership for both owner and directors in a business Value of Directors and the decision-making process Success in failure: how the first time failed but lead to a strategy that created a successful market choosing process Being an owner and not an operator What is the most common phrase entrepreneurs say? (Take a guess!) Emotional tights of an entrepreneur and the business The Role of an investor: helping the business grow Let go and delegate! How successful entrepreneurs does it? (steps to accomplish it) The value of people telling you the truth. “Real feedback” Management of stress in an entrepreneur's life. Best and worst advice Blake ever got Teaching over Practice. Blake decision in teaching over practice and its rewards Financial pledge and Impact pledge Impact of Mentors in an entrepreneur's life Featured on the Show: Connect with Blake Mathias PhD. LinkedIn Assisted Living Facilities: Cedarhurst of Collinsville Villas of Hollybrook Some of Blake publications: Entrepreneurial Inception: The Role of Imprinting in Entrepreneurial Action Journal of Business Venturing. 2015 The Impact of Role Identities on Entrepreneurs’ Evaluation and Selection of Opportunities Journal of Management. 2014 Role With It: The Impact of Roles and Heuristics on Entrepreneurs' Evaluation of Opportunities Frontiers of Entrepreneurship Research, Babson College. 2012 Enjoy The Show? Don’t miss an episode, subscribe via iTunes, Stitcher or RSS. Leave us a review in Itunes Tweetables: “The more you get emotionally involved in your company, the more you limit its ability to grow. Stay out of the way and let it grow!” “Making more money is not worth sacrificing the things that are most valuable in life”
On May 10 Professor Philippe Aghion, Collège de France, received the Global Award for Entrepreneurship Research 2016. Global Award is the most prominent international award in entrepreneurship research with a prize sum of € 100 000. Professor Aghion is one of today’s most influential researchers in the field of economics. In this interview he talks about entrepreneurship and economic growth, why higher education is so important for prosperity, and how the state can best promote entrepreneurship, etcetera.
The 2015Global Award for Entrepreneurship Research was awarded to Professor Emeritus Sidney G. Winter, The Wharton School, University of Pennsylvania, at a ceremony in Stockholm on May 20, 2015. Prior to the ceremony Sidney Winter sat down with IFN-podcasts and answered questions about his research and what enticed him to go into research about entrepreneurship.
The Murray N. Rothbard Memorial Lecture, sponsored by Hélio Beltrão. Recorded at the 2014 Austrian Economics Research Conference in Auburn, Alabama, on 21 March 2014.
The Murray N. Rothbard Memorial Lecture, sponsored by Hélio Beltrão. Recorded at the 2014 Austrian Economics Research Conference in Auburn, Alabama, on 21 March 2014.
On April 10-11, Babson cosponsored the first China-U.S.Symposium for Entrepreneurship Research and Education with Nankai University in Tianjin. More than 500 people from 152 colleges and universities across China attended the conference. Michael Chmura sat down with Provost Michael Fetters after the event to discuss.
On April 10-11, Babson cosponsored the first China-U.S.Symposium for Entrepreneurship Research and Education with Nankai University in Tianjin. More than 500 people from 152 colleges and universities across China attended the conference. Michael Chmura sat down with Provost Michael Fetters after the event to discuss.