Hi everyone,
Building on the refreshing conversation around business plan and business model competitions, and lean startup activities, I'm interested in some of the methods alluded to here to support learning through practice - both curricular, co-curricular and non-curricular. Can anyone provide links to further information on some of these methods and processes - particularly around learning activities (not just the programs themselves)? I'm familiar with Osterwalder's canvas, but some of the other ideas raised here may not yet have taken the journey 'across the pond' - or perhaps they're proprietary and not possible to share?
There's a very active enterprise education community in the UK (as well as Europe as a whole) which draws together a broad spectrum of entrepreneurship learning tools and techniques. While we (obviously) don't appear on US entrepreneurship education league tables, at the University of Leeds, we've been taking a holistic approach, (similar to Entrepreneurship@Cornell) providing opportunities at all levels of study to students across the university, both in start-up, social enterprise and enterprising employees (intrapreneurs) - in a distributed system which draws together student associations, alumni, graduate business mentors and more. We're the headline profile on the Enterprise Educators UK site this month:
http://www.enterprise.ac.uk/index.php/members/item/97-university-of-leeds
...and we've just launched our new cross-university Student Enterprise profile: (with case studies)
http://www.leeds.ac.uk/homepage/409/enterprise
Look forward to learning and sharing,
Richard
(Twitter: @rtunstall)
___________________
Dr Richard Tunstall
Lecturer in Enterprise
Co-Editor, International Journal of Entrepreneurial Behaviour and Research
Trustee, Institute of Small Business and Entrepreneurship
Leeds Enterprise Centre
University of Leeds
Leeds. UK. LS2 9JT
On 8 Mar 2013, at 16:13, Alex DeNoble wrote:
At SDSU, we have run the Venture Challenge Business Plan Competition for 23 years. I have found it to be an extremely valuable experience for students who have participated over the years. Given the proliferation of business plan competitions throughout the country and now the world, students have a chance to refine their ideas, match wits with experienced investors, entrepreneurs and service providers, and build their professional networks. I can point to numerous startups and companies that have evolved through these types of venues.
Having said that, I believe that these competitions have evolved over the years. Whether you call them business model competitions or business plan competitions is secondary to the overall objectives of these events. The networking, the interchanges and the road show type of experiences that students garner through participation cannot be obtained in the classroom.
At San Diego State University, we are experimenting with a new format this year. Next week we will be hosting our first ever "Lean Model" tm Competition. We are not requiring participants to submit a business plan document. Instead, the 16 teams have submitted multi-media presentations of product ideas and business models they are working on. They will be judged on their customer development and business model iteration activities. We have drawn inspiration for this new design of our competition from the work Nathan Furr is doing at BYU. Of course, we have put our own twists and our own stamp on this new event. For more information on the Lean Model Competition at SDSU please see
http://lavincenter.sdsu.edu/programs/Lean_Model/.
Follow me on Twitter @AlexDeNoble1 for accounts of this 2-day event next Thursday and Friday March 14 - 15.
Alex
On Fri, Mar 8, 2013 at 5:58 AM, Winkel, Doan <
dwinkel@ilstu.edu<mailto:
dwinkel@ilstu.edu>> wrote:
Love advice from both Norris and Melissa. I struggle seeing the value of these competitions/exercises for most students. Not that it isn't there, but what I see as more valuable is business modeling. It's a more action-oriented approach, something students can more easily grasp. But I can't echo enough the time and energy it takes to mentor, to research, to develop a good event and good connections to help you pull off the event. We are putting on a business model competition through USASBE (see
www.usasbelaunch.com<http://www.usasbelaunch.com/>) that your students will be able to enter. That might be a good experience from outside while you're researching. Take your time and do it right. The lean approach is the way to go - students enjoy it, they can get it, they see things happen/results.
Dr. Doan Winkel
Assistant Professor of Entrepreneurship
Illinois State University
Campus Mailbox 5580
Normal, IL 61790
(309) 438-2736<tel:%28309%29%20438-2736>
www.doanwinkel.com<http://www.doanwinkel.com/>
LinkedIn: linkd.in/MPkBDA<http://linkd.in/MPkBDA>
Twitter: @Trep_Ed
________________________________________
From: Entrepreneurship Division Listserv [
ENTREP@AOMLISTS.PACE.EDU<mailto:
ENTREP@AOMLISTS.PACE.EDU>] on behalf of Melissa Baucus [
melissa.baucus@OTAGO.AC.NZ<mailto:
melissa.baucus@OTAGO.AC.NZ>]
Sent: Thursday, March 07, 2013 10:41 PM
To:
ENTREP@AOMLISTS.PACE.EDU<mailto:
ENTREP@AOMLISTS.PACE.EDU>
Subject: Re: Entrepreneurship Business Plan Competition
If you want to learn from one of the best at leading ENT students through business plan/model competitions, you should talk with and possibly observe Van Clouse at University of Louisville. His teams consistently win or place very well in competitions. See the following list:
http://business.louisville.edu/business-competitions/
One of the things you'll learn is that it takes a lot of mentoring and a huge amount of time to succeed at a high level. I would agree with Norris's advice not to do it with the caveat that I'm assuming your school wants you to do some research. You will likely have little time for research.
On the positive side, the business plan competitions have a profound positive impact on students. They end up with more confidence, able to present (sell) themselves and their ideas, and they appear more resourceful and proactive in identifying and solving problems.
Good luck!
Melissa
-----Original Message-----
From: Entrepreneurship Division Listserv [mailto:
ENTREP@AOMLISTS.PACE.EDU<mailto:
ENTREP@AOMLISTS.PACE.EDU>] On Behalf Of Norris Krueger
Sent: Friday, 8 March 2013 1:59 p.m.
To:
ENTREP@AOMLISTS.PACE.EDU<mailto:
ENTREP@AOMLISTS.PACE.EDU>
Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition
Normally, I would plead with you "Don't Do It!" :) The typical biz plan contest adds about as much to students' entrepreneurial mindset as teaching them about biz plans... Very little and may even do harm.
Unless you really know what you're doing.
BUT....
Sean is right to contact Kauffman. The person to contact is Katie Peterson who manages a terrific platform for this sort of thing called iStart (www.iStart.org<http://www.iStart.org/>, I think): A great platform makes a big, big difference. (And not a fruitful area for DIY.)
I would also urge you to look at all the lean startup tools out there.
Spend several months getting really up to speed. Participate in a Startup Weekend or Lean Startup Machine.
Following Steve Blank's Lean LaunchPad course (available free on
Udacity) is not for amateurs either, but it's well worth the investment. The "Startup Owners Manual" (Blank & Dorf 2012) is designed to be a text for all this. The book is cheap and students will keep it. Also, there are a few lean fanatics, er, fans on this listserv who'd be happy to help. (Doan, you lurking out there?)
However, you can profitably look at doing a business *model* contest.
Nathan Furr at BYU is probably the most experienced here and I recommend his book, "Nail It, Then Scale It."
p.s. Sean, don't you have a new book that might also be helpful?
Norris
On 3/7/13, Sean Wise <
sean.wise@ryerson.ca<mailto:
sean.wise@ryerson.ca>> wrote:
> you may wish to ping the Kauffman Foundation.
> They have concept papers, rules, on line voting tools, etc.
>
> most is free!
>
> ----------------------------------------------------------
> Dr. Sean Wise, BA LLB MBA PhD
> Asst. Professor, Entrepreneurship and Strategy Department, Ted Rogers
> School of Management, Ryerson University
> ----------------------------------------------------------
> Director, Dobson Micro-Financing Seed Venture Fund Chair, Ryerson
> Angel Network Chair, $25,000 Slaight Business Plan Competition Member,
> Digital Media Zone, Steering Committee
> ----------------------------------------------------------
>
sean.wise@ryerson.ca<mailto:
sean.wise@ryerson.ca> | (416) 995 9017<tel:%28416%29%20995%209017> |
www.nakedentrepreneur.tv<http://www.nakedentrepreneur.tv/>
>
> ----- Original Message -----
> From: Vishal K Gupta <
vgupta@BINGHAMTON.EDU<mailto:
vgupta@BINGHAMTON.EDU>>
> Date: Thursday, March 7, 2013 11:20 am
> Subject: [ENTREP] Entrepreneurship Business Plan Competition
> To:
ENTREP@AOMLISTS.PACE.EDU<mailto:
ENTREP@AOMLISTS.PACE.EDU>
>
>
>> Dear All,
>>
>>
>>
>> We are considering starting a business plan competition here. The
>> idea is that students will present new venture ideas to a panel of
>> local judges who will decide who gets the funding necessary to start
>> the business. We have been asked to put together a concept paper for
>> the competition which can be circulated to the different
>> stakeholders to get buy-in from them. Does anyone have any examples
>> of such a concept paper? We can use what you have already developed
>> as a basis for our concept paper, rather than starting from scratch.
>>
>>
>>
>> Thanks for your help,
>>
>>
>>
>> Vishal Gupta
>>
>>
>>
>>
>> *********************************************************************
>> ********************
>>
>> Vishal Gupta, PhD.
>>
>> Assistant Professor of Strategy,
>>
>> School of Management,
>>
>> State University of New York- Binghamton,
>>
>> Vestal, NY 13902 (USA).
>>
>> Phone: 607-777-6853<tel:607-777-6853>
>>
>>
www.professorvishalgupta.com<http://www.professorvishalgupta.com/>
>>
>>
www.linkedin.com/in/vishalkgupta/<http://www.linkedin.com/in/vishalkgupta/>
>>
>>
>> *********************************************************************
>> *********************
>>
>> **************************************
>> This message is from ENTREP which is sponsored by the
>> Entrepreneurship Division of the Academy of Management.
>>
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>> If you have questions or need help, please contact Dr. John Bunch
>>
jbunch@benedictine.edu<mailto:
jbunch@benedictine.edu>.
>>
>> Ventures HO!
>>
>
> **************************************
> This message is from ENTREP which is sponsored by the Entrepreneurship
> Division of the Academy of Management.
>
> Please do not post messages with attached files. Commercial messages
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>
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>
> If you have questions or need help, please contact Dr. John Bunch
>
jbunch@benedictine.edu<mailto:
jbunch@benedictine.edu>.
>
> Ventures HO!
>
--
Norris
*
*
* "How can I help you to grow entrepreneurs?" * Norris Krueger, Ph.D.
Entrepreneurship Northwest
208.440.3747<tel:208.440.3747>
www.about.me/norriskrueger<http://www.about.me/norriskrueger>
**************************************
This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.
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Ventures HO!
************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here:
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jbunch@benedictine.edu<mailto:
jbunch@benedictine.edu>. Ventures HO!
**************************************
This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.
Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.
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