innovation and entrepreneurship wmg, warwick

Entrepreneurship and Education

Dr. Jay BalInternational Digital Laboratory

Jay.bal@warwick.ac.uk

“An entrepreneur is a person who iswilling and able to convert a newidea or invention into a successfulinnovation, simultaneously creatingnew products and business modelslargely responsible for the dynamismof industries and long-run economicgrowth.”Joseph A. Schumpeter

“ Most of what you hear aboutentrepreneurship is all wrong. It’snot magic; it’s not mysterious; and ithas nothing to do with genes. It’s adiscipline and, like any discipline, itcan be learned.”Peter F. Drucker

Universities need to FocusHigh Growth Enterprises

WMG Entrepreneurship Course

The dominant teaching model

Heroic HeartNew Venture and Growth Arms

Sprinkling of Behaviour Support

Rational, Reductive, Objective, CorporateInfo processing

Business (Myopia) Focus

Business Plan Gut

Instructional Explicit Knowledge Indigestion

Small (independent) Business Leg

Corporate Venturing Leg

Project Management

Functional Arms

Ref: Prof. Allan Gibbs

A Model for Entrepreneurship Teaching?

Vision and Feel for ‘way of life’

Conative Affective Learning

Trust Building relationship arm

Entrepreneurial Organisation design and development

Project Management Complex globalised world

Rich Growth in Entrepreneurial attributes

Emotional Intelligence

Capacity for Experiential (Tacit) Learning

Holistic Management Arm (Know How!)

Ideas Harvesting and Evaluation

Entrepreneurship Values

Strategically Intuitive

Entrepreneurial Management in different contexts

Ref: Prof. Allan Gibbs

WMG- MSc in Innovation and Entrepreneurship

Customers Worldwide

Traits Skills

Adaptable to situations

Alert to social environment

Ambitious and achievement-oriented

Assertive

Cooperative

Decisive

Dependable

Dominant (desire to influence others)

Energetic (high activity level)

Persistent

Self-confident

Tolerant of stress

Willing to assume responsibility

Clever (intelligent)

Conceptually skilled

Creative

Diplomatic and tactful

Fluent in speaking

Knowledgeable about group task

Organized (administrative ability)

Persuasive

Socially skilled

Tools to Aid Entrepreneurship Teaching

• E-learning– Curatr – rich social learning by gaming

environment developed by WMG Doctorate Student.

- Udemy – rich online learning system

Experiential Learning!

Support for the start up!50 Start-ups in 10 years

Examples

Thank You