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Exponential growth of entrepreneurship courses…

300 universities in the 1980s
   over 1,050 institutions in the 1990s
                             (Solomon et al. 1994)

by 2005, over 2,200 courses in entrepreneurship
at over 1,600 universities throughout the United
States                           (Kuratko 2005; Katz
2003)

Concomitant increase in the number of academic
institution-based entrepreneurship centers
                             (Kuratko 2005)
Despite this growth, Katz (2008) and Kuratko
(2005) maintain that complete academic
legitimacy of entrepreneurship has not yet
been reached.


While funds continue to flow to develop and
promote entrepreneurship education,
outcome objectives for the use of these
dollars are often poorly defined (Cope et al.
2005).
Opportunity for new entrepreneurial
programs to paint a clear picture from their
inception.


Opportunity to learn from entrepreneurship
programs, both at small colleges and large
universities, that have already sprouted up
and experienced growth, challenges, failures
and ultimate successes.
An	
  Insider’s	
  Perspec.ve	
  
	
  	
  	
  on	
  Entrepreneurial	
  Program	
  Development	
  
	
  	
  	
  	
  	
  	
  at	
  a	
  Small	
  and	
  a	
  Large	
  Ins.tu.on	
  

       	
  Michael	
  S.	
  Lehman,	
  MD,	
  MBA	
  

       	
  Published	
  in:	
  
       	
  Annals	
  of	
  Biomedical	
  Engineering	
  
       	
  The	
  Journal	
  of	
  the	
  Biomedical	
  Engineering	
  Society	
  
       	
  ISSN	
  0090-­‐6964	
  	
  	
  	
  Ann	
  Biomed	
  Eng	
  
       	
  DOI	
  10.1007/s10439-­‐013-­‐0778-­‐6	
  
       	
  hRp://www.springerlink.com/openurl.asp?genre=ar.cle&id=doi:10.1007/s10439-­‐013-­‐0778-­‐6	
  	
  
4-year undergraduate private liberal arts

1,400 students and 14,000 alumni
Sill Business   Student Seed
 Incubator      Capital Fund




 Academic        Economic
 Services       Development
The	
  University	
  
     of	
  PiRsburgh	
  
                    15	
  schools	
  

   25,000	
  undergraduates	
  
       (2,000	
  in	
  business)	
  	
  

10,000	
  graduate	
  students	
  
           (900	
  in	
  business)	
  	
  
quiet	
  culture	
  of	
  entrepreneurship	
  

no	
  formal	
  student	
  degree	
  program	
  

emerging	
  entrepreneurial	
  ini4a4ves	
  
Lessons Learned
I

    Institutional
     Champions
When change in higher education is not the
result of a major crisis or outside pressure, a
vigorous and farsighted leader not only gets the
ball rolling, but also helps to provide momentum
as the team is built (Rosser and Penrod 1991).

The champion considers the resource pipeline to
pay for any new programs or programmatic
changes (Rowley et al. 1997).
Faculty champions appear to be more successful
when resources are stable or expanding and
issues are seated in one department with little
connection across other academic units or
outside the university setting.

Administrative champions are key when resource
building is in the growth phase and issues cut
across departments or are not related to one
primary unit.                (Shmidtlein 1990)
Economic
Education   Development
Secure a triad of institutional champions:
•  a political champion
•  a course champion
•  an administrative champion
                                   (Hills 1988)
II


     Supply Chain
A key part of implanting the new
entrepreneurship program on campus is
integration with the ‘student supply chain’.
A key part of implanting the new
entrepreneurship program on campus is
integration with the ‘student supply chain’.




                         ?
A key part of implanting the new
entrepreneurship program on campus is
integration with the ‘student supply chain’.

Supply chain…set of three or more entities
directly involved in flows of services to a
customer (Mentzer et al. 2001).

The management of this supply chain should
include integrated behavior (Bowersox and Closs
1996) and cooperation among its members,
mutually sharing information (Mentzer et al.
2001).
Supply chain:
 admissions
 academic
  advising
 career
  services
 alumni office
 development
  office
The findings of Petersen et al. (2005) suggest the
value of seeking and utilizing input from select
suppliers during the development of new
products; the result is not only a better final
product design but also improved financial
performance.

Supply chain members should work together on
new product development (Drozdowski 1986),
recognizing that a “supply chain succeeds if all
the members of the supply chain have the same
goal and the same focus on serving
customers.” (LaLonde and Masters 1994, in
Mentzer et al. 2001, p.9).
Develop a formal organizational structure or
mechanism for communication with
enrollment, advising, career services and
alumni development.

Involve key members in the supply chain
during the planning and implementation
phases when looking to create new
programs, or even refine existing ones.
Develop a formal organizational structure or
mechanism for communication with
enrollment, advising, career services and
alumni development.

Involve key members in the supply chain
during the planning and implementation
phases when looking to create new
programs, or even refine existing ones.
III
      Diverse
    Non-Credit,
  Experience-Based
    Opportunities
Participation in experience-based activities has a
low barrier to entry, affording students with
opportunities to sample the entrepreneurial
culture.

These activities increase awareness of
entrepreneurial career opportunities through
practical, real-life scenarios, provide an
opportunity to facilitate interdisciplinary teams,
and often increases confidence and interest in
starting a business (Collins and Robertson 2003).

Finally, these activities serve as an entrée to
deciding to enroll in a more formal course of
entrepreneurial study.
Leverage the  excitement         generated by
students participating in these non-credit,
experience-based activities


     Schedule  interviews        upon the
     completion of these activities for print or
                   strong,
     video pieces can capture
     powerful messaging for use
     along the supply chain.
Exposure of students to entrepreneurship
stimulates a desire to start one’s own business,
according to Peterman and Kennedy (2003), this
exposure does not necessarily impact the
participants’ perceptions of the feasibility of
starting a business.

This supports the model of launching experience-
based opportunities to stimulate initial interest,
while offering for-credit courses to provide the
rigorous academic exercises necessary to
evaluate feasibility as the next step in the
process.
IV

     Dynamic
For-Credit Courses
Entrepreneurs relish independence, flexibility and
innovative ways of doing things.

Students in entrepreneurial classes are no
different.

They thrive on learning followed by immediate
application to either their own ventures or a live
case study.
Gartner and Vesper (1994) presented a summary
of successes and failures in entrepreneurship
courses (survey of entrepreneurship faculty
teaching 445 entrepreneurship courses at 177
institutions)

+ bringing to class former students and other
alumni    with a proven track record in
entrepreneurship

- bringing in guest speakers without providing an
      outline of assigned topics and goals for the
visit
+ early feedback on a business plan to allow for
    refocusing and refining

+ dynamic teaching methods, such as ‘living
cases’    followed by networking dinners
+ having students present their own
entrepreneurial experiences
+ creating in-class ‘right-brained’ exercises to
     examine barriers to creativity

-  simply using films, videos, and straight
   lecturing     by the instructor
                            (Gartner and Vesper
1994)
Include a guest lecture from an entrepreneur
whose business failed and a third party such as
an accountant or lawyer who witnessed the
entrepreneur’s distress (Shepherd 2004).

A contingency-based model for teaching
entrepreneurship is also useful, whereby
students either implement solutions from either
actual business activities they may be involved in
or assist firms they are consulting (Honig 2004).
Many smaller schools have one faculty member
teaching all of the entrepreneurship courses

+ coordination among the syllabi and course
content    as the students progress through course
sequence
 - limited perspective on the field

 leverage a rich variety of coordinated live
case studies and guest lecturers
 arrange for periodic external reviews by
entrepreneurial faculty from peer and aspirant
schools
At a large university a number of faculty members
may teach different entrepreneurship courses:

+ breadth of styles and research experience
-  lacks a coordinated effort to provide progression
      from course to course with little redundancy

   identify a faculty member to lead the charge
  in coordination of content, particularly
  during periods of new course and curriculum
  development
V

      Faculty
    Partnerships
Leverage the liberal arts environment to
tailor and deliver mini-curricula on
entrepreneurship in non-business classes.


Cross-list courses across different schools.


Develop advisory boards for student
ventures with faculty experts from business
and non-business.
VI

       Designated
     Advisory Boards
Inclusion of trustees, faculty, students
and a robust contingency of regional and
alumni entrepreneurs provides an
effective balance of theory and practice.


A focus on student entrepreneurship in the
context of regional economic
development provides specific financial
resources and connections for the
student entrepreneurs.
Tap into university-developed
technologies by faculty, even in the
absence of an office of technology
management.

Connect to alumni
               with venture-
backed, scalable companies, even if it
appears that the local portfolio of companies is
adequate.

Encourage interdisciplinary       team
formation.
VII

      Bootstrapping
          Skills
Bootstrapping, a necessary process for most
start-ups, can bridge the gap until the
venture develops a market-valued product or
service (Auken 2004; Windborg and
Lanstrom 2000).

Much like the new business venture, new
entrepreneurship programs go through a
bootstrapping phase in the start-up and
growth stages.
Ensure accrued interest from seed
capital funds or capital project accounts is
reinvested back into the student
entrepreneurship program.


Designate gift and pledge payments
specifically to student entrepreneurship
activities.
Hills	
  (1988)	
  countered	
  an	
  argument	
  
          made	
  by	
  naysayers	
  that	
  
entrepreneurship	
  educa4on	
  was	
  a	
  
                   passing	
  fad;	
  

  this	
  ‘fad’	
  not	
  only	
  has	
  become	
  a	
  
mainstay	
  in	
  business	
  educa4on	
  but	
  
also	
  a	
  driving	
  factor	
  for	
  job	
  crea4on	
  
             and	
  economic	
  growth.	
  
I.    Institutional Champions
II.  Supply Chain
III.  Diverse Non-Credit,
      Experience-Based Opportunities
IV.  Dynamic For-Credit Courses
V.  Faculty Partnerships
VI.  Designated Advisory Boards
VII. Bootstrapping Skills
Lehigh.edu/innovate
An	
  Insider’s	
  Perspec.ve	
  
	
  	
  	
  on	
  Entrepreneurial	
  Program	
  Development	
  
	
  	
  	
  	
  	
  	
  at	
  a	
  Small	
  and	
  a	
  Large	
  Ins.tu.on	
  

       	
  Michael	
  S.	
  Lehman	
  

       	
  Published	
  in:	
  
       	
  Annals	
  of	
  Biomedical	
  Engineering	
  
       	
  The	
  Journal	
  of	
  the	
  Biomedical	
  Engineering	
  Society	
  
       	
  ISSN	
  0090-­‐6964	
  	
  	
  	
  Ann	
  Biomed	
  Eng	
  
       	
  DOI	
  10.1007/s10439-­‐013-­‐0778-­‐6	
  
       	
  hRp://www.springerlink.com/openurl.asp?genre=ar.cle&id=doi:10.1007/s10439-­‐013-­‐0778-­‐6	
  	
  

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Open 2013: An Insider's Perspective on Entrepreneurial Program Development at a Small and a Large Institution

  • 1.
  • 2. Exponential growth of entrepreneurship courses… 300 universities in the 1980s  over 1,050 institutions in the 1990s (Solomon et al. 1994) by 2005, over 2,200 courses in entrepreneurship at over 1,600 universities throughout the United States (Kuratko 2005; Katz 2003) Concomitant increase in the number of academic institution-based entrepreneurship centers (Kuratko 2005)
  • 3. Despite this growth, Katz (2008) and Kuratko (2005) maintain that complete academic legitimacy of entrepreneurship has not yet been reached. While funds continue to flow to develop and promote entrepreneurship education, outcome objectives for the use of these dollars are often poorly defined (Cope et al. 2005).
  • 4. Opportunity for new entrepreneurial programs to paint a clear picture from their inception. Opportunity to learn from entrepreneurship programs, both at small colleges and large universities, that have already sprouted up and experienced growth, challenges, failures and ultimate successes.
  • 5. An  Insider’s  Perspec.ve        on  Entrepreneurial  Program  Development              at  a  Small  and  a  Large  Ins.tu.on    Michael  S.  Lehman,  MD,  MBA    Published  in:    Annals  of  Biomedical  Engineering    The  Journal  of  the  Biomedical  Engineering  Society    ISSN  0090-­‐6964        Ann  Biomed  Eng    DOI  10.1007/s10439-­‐013-­‐0778-­‐6    hRp://www.springerlink.com/openurl.asp?genre=ar.cle&id=doi:10.1007/s10439-­‐013-­‐0778-­‐6    
  • 6. 4-year undergraduate private liberal arts 1,400 students and 14,000 alumni
  • 7. Sill Business Student Seed Incubator Capital Fund Academic Economic Services Development
  • 8. The  University   of  PiRsburgh   15  schools   25,000  undergraduates   (2,000  in  business)     10,000  graduate  students   (900  in  business)    
  • 9. quiet  culture  of  entrepreneurship   no  formal  student  degree  program   emerging  entrepreneurial  ini4a4ves  
  • 11. I Institutional Champions
  • 12. When change in higher education is not the result of a major crisis or outside pressure, a vigorous and farsighted leader not only gets the ball rolling, but also helps to provide momentum as the team is built (Rosser and Penrod 1991). The champion considers the resource pipeline to pay for any new programs or programmatic changes (Rowley et al. 1997).
  • 13. Faculty champions appear to be more successful when resources are stable or expanding and issues are seated in one department with little connection across other academic units or outside the university setting. Administrative champions are key when resource building is in the growth phase and issues cut across departments or are not related to one primary unit. (Shmidtlein 1990)
  • 14. Economic Education Development
  • 15. Secure a triad of institutional champions: •  a political champion •  a course champion •  an administrative champion (Hills 1988)
  • 16. II Supply Chain
  • 17. A key part of implanting the new entrepreneurship program on campus is integration with the ‘student supply chain’.
  • 18. A key part of implanting the new entrepreneurship program on campus is integration with the ‘student supply chain’. ?
  • 19. A key part of implanting the new entrepreneurship program on campus is integration with the ‘student supply chain’. Supply chain…set of three or more entities directly involved in flows of services to a customer (Mentzer et al. 2001). The management of this supply chain should include integrated behavior (Bowersox and Closs 1996) and cooperation among its members, mutually sharing information (Mentzer et al. 2001).
  • 20. Supply chain:  admissions  academic advising  career services  alumni office  development office
  • 21. The findings of Petersen et al. (2005) suggest the value of seeking and utilizing input from select suppliers during the development of new products; the result is not only a better final product design but also improved financial performance. Supply chain members should work together on new product development (Drozdowski 1986), recognizing that a “supply chain succeeds if all the members of the supply chain have the same goal and the same focus on serving customers.” (LaLonde and Masters 1994, in Mentzer et al. 2001, p.9).
  • 22. Develop a formal organizational structure or mechanism for communication with enrollment, advising, career services and alumni development. Involve key members in the supply chain during the planning and implementation phases when looking to create new programs, or even refine existing ones.
  • 23. Develop a formal organizational structure or mechanism for communication with enrollment, advising, career services and alumni development. Involve key members in the supply chain during the planning and implementation phases when looking to create new programs, or even refine existing ones.
  • 24. III Diverse Non-Credit, Experience-Based Opportunities
  • 25. Participation in experience-based activities has a low barrier to entry, affording students with opportunities to sample the entrepreneurial culture. These activities increase awareness of entrepreneurial career opportunities through practical, real-life scenarios, provide an opportunity to facilitate interdisciplinary teams, and often increases confidence and interest in starting a business (Collins and Robertson 2003). Finally, these activities serve as an entrée to deciding to enroll in a more formal course of entrepreneurial study.
  • 26. Leverage the excitement generated by students participating in these non-credit, experience-based activities Schedule interviews upon the completion of these activities for print or strong, video pieces can capture powerful messaging for use along the supply chain.
  • 27. Exposure of students to entrepreneurship stimulates a desire to start one’s own business, according to Peterman and Kennedy (2003), this exposure does not necessarily impact the participants’ perceptions of the feasibility of starting a business. This supports the model of launching experience- based opportunities to stimulate initial interest, while offering for-credit courses to provide the rigorous academic exercises necessary to evaluate feasibility as the next step in the process.
  • 28. IV Dynamic For-Credit Courses
  • 29. Entrepreneurs relish independence, flexibility and innovative ways of doing things. Students in entrepreneurial classes are no different. They thrive on learning followed by immediate application to either their own ventures or a live case study.
  • 30. Gartner and Vesper (1994) presented a summary of successes and failures in entrepreneurship courses (survey of entrepreneurship faculty teaching 445 entrepreneurship courses at 177 institutions) + bringing to class former students and other alumni with a proven track record in entrepreneurship - bringing in guest speakers without providing an outline of assigned topics and goals for the visit
  • 31. + early feedback on a business plan to allow for refocusing and refining + dynamic teaching methods, such as ‘living cases’ followed by networking dinners + having students present their own entrepreneurial experiences + creating in-class ‘right-brained’ exercises to examine barriers to creativity -  simply using films, videos, and straight lecturing by the instructor (Gartner and Vesper 1994)
  • 32. Include a guest lecture from an entrepreneur whose business failed and a third party such as an accountant or lawyer who witnessed the entrepreneur’s distress (Shepherd 2004). A contingency-based model for teaching entrepreneurship is also useful, whereby students either implement solutions from either actual business activities they may be involved in or assist firms they are consulting (Honig 2004).
  • 33. Many smaller schools have one faculty member teaching all of the entrepreneurship courses + coordination among the syllabi and course content as the students progress through course sequence - limited perspective on the field  leverage a rich variety of coordinated live case studies and guest lecturers  arrange for periodic external reviews by entrepreneurial faculty from peer and aspirant schools
  • 34. At a large university a number of faculty members may teach different entrepreneurship courses: + breadth of styles and research experience -  lacks a coordinated effort to provide progression from course to course with little redundancy  identify a faculty member to lead the charge in coordination of content, particularly during periods of new course and curriculum development
  • 35. V Faculty Partnerships
  • 36. Leverage the liberal arts environment to tailor and deliver mini-curricula on entrepreneurship in non-business classes. Cross-list courses across different schools. Develop advisory boards for student ventures with faculty experts from business and non-business.
  • 37. VI Designated Advisory Boards
  • 38. Inclusion of trustees, faculty, students and a robust contingency of regional and alumni entrepreneurs provides an effective balance of theory and practice. A focus on student entrepreneurship in the context of regional economic development provides specific financial resources and connections for the student entrepreneurs.
  • 39. Tap into university-developed technologies by faculty, even in the absence of an office of technology management. Connect to alumni with venture- backed, scalable companies, even if it appears that the local portfolio of companies is adequate. Encourage interdisciplinary team formation.
  • 40. VII Bootstrapping Skills
  • 41. Bootstrapping, a necessary process for most start-ups, can bridge the gap until the venture develops a market-valued product or service (Auken 2004; Windborg and Lanstrom 2000). Much like the new business venture, new entrepreneurship programs go through a bootstrapping phase in the start-up and growth stages.
  • 42. Ensure accrued interest from seed capital funds or capital project accounts is reinvested back into the student entrepreneurship program. Designate gift and pledge payments specifically to student entrepreneurship activities.
  • 43. Hills  (1988)  countered  an  argument   made  by  naysayers  that   entrepreneurship  educa4on  was  a   passing  fad;   this  ‘fad’  not  only  has  become  a   mainstay  in  business  educa4on  but   also  a  driving  factor  for  job  crea4on   and  economic  growth.  
  • 44. I.  Institutional Champions II.  Supply Chain III.  Diverse Non-Credit, Experience-Based Opportunities IV.  Dynamic For-Credit Courses V.  Faculty Partnerships VI.  Designated Advisory Boards VII. Bootstrapping Skills
  • 46. An  Insider’s  Perspec.ve        on  Entrepreneurial  Program  Development              at  a  Small  and  a  Large  Ins.tu.on    Michael  S.  Lehman    Published  in:    Annals  of  Biomedical  Engineering    The  Journal  of  the  Biomedical  Engineering  Society    ISSN  0090-­‐6964        Ann  Biomed  Eng    DOI  10.1007/s10439-­‐013-­‐0778-­‐6    hRp://www.springerlink.com/openurl.asp?genre=ar.cle&id=doi:10.1007/s10439-­‐013-­‐0778-­‐6