Discussion: View Thread

  • 1.  account in JME and revenue sharing model

    Posted 11-02-2015 15:33
    I've been asked a question for which I don't have an answer and was hoping someone on the list did. Details below. Feel free to respond to the list and I'll forward her your answers, or respond directly to her.

    Thanks,
    Jerry Katz

    ---------- Forwarded message ----------
    From: Kathy Lund Dean <lunddean@gustavus.edu>
    Date: Mon, Nov 2, 2015 at 11:20 AM
    Subject: Re: account in JME and revenue sharing model
    To: Jerome Katz <katzja@slu.edu>


    You're the best. Please post this, if you think it captures clearly what is going on:

    We have a faculty member (let's call him "Jim") who has owned a small gourmet food catering business for years. We started a student social entrepreneurship club and Jim is the faculty advisor. To get them started, he shared the recipe for one of his products, and helped the students learn how to create a retail business from manufacturing to ultimate sales. The money they make goes to an organization that builds clean water wells in a developing nation. It has been a huge hit, and students are working directly with manufacturing companies, packaging and marketing firms, and retail outlets. Jim is retaining the patent on his recipe.
    My institution is having a really hard time with this student venture for two reasons: 1) they think Jim has a conflict of interest and 2) they don't see how the student business venture can benefit the institution. Do you have, or know of, a revenue sharing agreement document or some process by which faculty, students, and the institution can share in a revenue stream? Do you know how other institutions have dealt with conflicts of interest? We need some models of what is already out there. None of our administrators are business people, this is a new venture for the institution, and they are having a hard time envisioning how this can work to everyone's benefit.
    Any insights are greatly appreciated!!
    Kathy Lund Dean, Ph.D.
    Board of Trustees Distinguished Professor of Leadership & Ethics
    Gustavus Adolphus College
    800 West College Avenue
    Saint Peter, MN    56082
    507-933-7407 (office)
    Skype: kathy.lund.dean
    Web: https://gustavus.edu/profiles/lunddean
    Co- Editor, Journal of Management Education
    http://jme.sagepub.com/
    Co-Editor, Management Teaching Review
    http://mtr.sagepub.com

    --
    Jerome A. Katz
    Coleman Foundation Professor of Entrepreneurship and
    Director, Billiken Angels Network
    John Cook School of Business, Saint Louis University
    3674 Lindell Blvd., St. Louis MO 63108 USA
    314-977-3864w; 314-275-8721h; 314-302-0641c
    katzja@slu.edu, http://eweb.slu.edu


    ************************************** 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: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (jbunch@benedictine.edu). Ventures HO!


  • 2.  account in JME and revenue sharing model

    Posted 11-03-2015 00:19

    1 – for sure definite conflict of interest

    2 – that is not an issue – tons of models out there on that!

     

     

     

     

    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Jerome Katz
    Sent: Monday, November 02, 2015 3:33 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: [ENTREP] Fwd: account in JME and revenue sharing model

     

    I've been asked a question for which I don't have an answer and was hoping someone on the list did. Details below. Feel free to respond to the list and I'll forward her your answers, or respond directly to her.

    Thanks,
    Jerry Katz


    ---------- Forwarded message ----------
    From: Kathy Lund Dean <lunddean@gustavus.edu>
    Date: Mon, Nov 2, 2015 at 11:20 AM
    Subject: Re: account in JME and revenue sharing model
    To: Jerome Katz <katzja@slu.edu>

    You're the best. Please post this, if you think it captures clearly what is going on:

    We have a faculty member (let's call him "Jim") who has owned a small gourmet food catering business for years. We started a student social entrepreneurship club and Jim is the faculty advisor. To get them started, he shared the recipe for one of his products, and helped the students learn how to create a retail business from manufacturing to ultimate sales. The money they make goes to an organization that builds clean water wells in a developing nation. It has been a huge hit, and students are working directly with manufacturing companies, packaging and marketing firms, and retail outlets. Jim is retaining the patent on his recipe.
    My institution is having a really hard time with this student venture for two reasons: 1) they think Jim has a conflict of interest and 2) they don't see how the student business venture can benefit the institution. Do you have, or know of, a revenue sharing agreement document or some process by which faculty, students, and the institution can share in a revenue stream? Do you know how other institutions have dealt with conflicts of interest? We need some models of what is already out there. None of our administrators are business people, this is a new venture for the institution, and they are having a hard time envisioning how this can work to everyone's benefit.
    Any insights are greatly appreciated!!
    Kathy Lund Dean, Ph.D.
    Board of Trustees Distinguished Professor of Leadership & Ethics
    Gustavus Adolphus College
    800 West College Avenue
    Saint Peter, MN    56082
    507-933-7407 (office)
    Skype: kathy.lund.dean
    Web: https://gustavus.edu/profiles/lunddean
    Co- Editor, Journal of Management Education
    http://jme.sagepub.com/
    Co-Editor, Management Teaching Review
    http://mtr.sagepub.com

    --

    Jerome A. Katz
    Coleman Foundation Professor of Entrepreneurship and

    Director, Billiken Angels Network
    John Cook School of Business, Saint Louis University
    3674 Lindell Blvd., St. Louis MO 63108 USA
    314-977-3864w; 314-275-8721h; 314-302-0641c
    katzja@slu.edu, http://eweb.slu.edu

     

    ************************************** 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: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (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. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (jbunch@benedictine.edu). Ventures HO!


  • 3.  account in JME and revenue sharing model

    Posted 11-03-2015 07:01
    1 - If he's giving the recipe away, and not receiving income, it is not a direct conflict of interest.  If he keeps the patent and expects to use the recipe again, then its surely questionable.  However all he's gaining is reputational benefit for a future prospect of earning income on that recipe.  
    2 - Seems like the school only thinks in terms of revenue, which is odd these days, and certainly short-sighted.  This activity is great for their ratings, attracting new students, student learning outcomes, community engagement...  How much more benefit can the institution receive??!

    {:=>)

    On Tue, Nov 3, 2015 at 12:19 AM, Dr. John O'Dwyer <docjohn@strategicadvisory.biz> wrote:

    1 – for sure definite conflict of interest

    2 – that is not an issue – tons of models out there on that!

     

     

     

     

    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Jerome Katz
    Sent: Monday, November 02, 2015 3:33 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: [ENTREP] Fwd: account in JME and revenue sharing model

     

    I've been asked a question for which I don't have an answer and was hoping someone on the list did. Details below. Feel free to respond to the list and I'll forward her your answers, or respond directly to her.

    Thanks,
    Jerry Katz


    ---------- Forwarded message ----------
    From: Kathy Lund Dean <lunddean@gustavus.edu>
    Date: Mon, Nov 2, 2015 at 11:20 AM
    Subject: Re: account in JME and revenue sharing model
    To: Jerome Katz <katzja@slu.edu>

    You're the best. Please post this, if you think it captures clearly what is going on:

    We have a faculty member (let's call him "Jim") who has owned a small gourmet food catering business for years. We started a student social entrepreneurship club and Jim is the faculty advisor. To get them started, he shared the recipe for one of his products, and helped the students learn how to create a retail business from manufacturing to ultimate sales. The money they make goes to an organization that builds clean water wells in a developing nation. It has been a huge hit, and students are working directly with manufacturing companies, packaging and marketing firms, and retail outlets. Jim is retaining the patent on his recipe.
    My institution is having a really hard time with this student venture for two reasons: 1) they think Jim has a conflict of interest and 2) they don't see how the student business venture can benefit the institution. Do you have, or know of, a revenue sharing agreement document or some process by which faculty, students, and the institution can share in a revenue stream? Do you know how other institutions have dealt with conflicts of interest? We need some models of what is already out there. None of our administrators are business people, this is a new venture for the institution, and they are having a hard time envisioning how this can work to everyone's benefit.
    Any insights are greatly appreciated!!
    Kathy Lund Dean, Ph.D.
    Board of Trustees Distinguished Professor of Leadership & Ethics
    Gustavus Adolphus College
    800 West College Avenue
    Saint Peter, MN    56082
    507-933-7407 (office)
    Skype: kathy.lund.dean
    Web: https://gustavus.edu/profiles/lunddean
    Co- Editor, Journal of Management Education
    http://jme.sagepub.com/
    Co-Editor, Management Teaching Review
    http://mtr.sagepub.com

    --

    Jerome A. Katz
    Coleman Foundation Professor of Entrepreneurship and

    Director, Billiken Angels Network
    John Cook School of Business, Saint Louis University
    3674 Lindell Blvd., St. Louis MO 63108 USA
    314-977-3864w; 314-275-8721h; 314-302-0641c
    katzja@slu.edu, http://eweb.slu.edu

     

    ************************************** 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: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (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. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (jbunch@benedictine.edu). Ventures HO!



    --
    Benyamin B. Lichtenstein
    Associate Professor of Entrepreneurship and Management.
    College of Management,  U-Mass Boston, MA 02125
    617-721-3609 = home office
    617-287-7887 = University office (UMB)

    Author, Generative Emergence  GenerativeEmergence.org
    Academic Director: Entrepreneurship Center  http://www.umb.edu/entrepreneurship_center
    ************************************** 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: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (jbunch@benedictine.edu). Ventures HO!


  • 4.  account in JME and revenue sharing model

    Posted 11-03-2015 01:15

    i All,

     

    I am a business person, who, for his sins, also got a PhD (OB/ Strat @ U of Western Ontario, CDN – escaped in 1995).  I work as a management consultant but have been teaching a second year elective course at Rotman School of Management, U of Toronto since 2002 (see www.GettingItDone.biz); and also do some gigs for www.thenext36.ca  and ww.creative destructionlab.com

     

    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Jerome Katz
    Sent: Monday, November 02, 2015 3:33 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: [ENTREP] Fwd: account in JME and revenue sharing model

     

    I've been asked a question for which I don't have an answer and was hoping someone on the list did. Details below. Feel free to respond to the list and I'll forward her your answers, or respond directly to her.

    Thanks,
    Jerry Katz


    ---------- Forwarded message ----------
    From: Kathy Lund Dean <lunddean@gustavus.edu>
    Date: Mon, Nov 2, 2015 at 11:20 AM
    Subject: Re: account in JME and revenue sharing model
    To: Jerome Katz <katzja@slu.edu>

    You're the best. Please post this, if you think it captures clearly what is going on:

    We have a faculty member (let's call him "Jim") who has owned a small gourmet food catering business for years. We started a student social entrepreneurship club and Jim is the faculty advisor. To get them started, he shared the recipe for one of his products, and helped the students learn how to create a retail business from manufacturing to ultimate sales. The money they make goes to an organization that builds clean water wells in a developing nation. It has been a huge hit, and students are working directly with manufacturing companies, packaging and marketing firms, and retail outlets. Jim is retaining the patent on his recipe.
    My institution is having a really hard time with this student venture for two reasons: 1) they think Jim has a conflict of interest and 2) they don't see how the student business venture can benefit the institution. Do you have, or know of, a revenue sharing agreement document or some process by which faculty, students, and the institution can share in a revenue stream? Do you know how other institutions have dealt with conflicts of interest? We need some models of what is already out there. None of our administrators are business people, this is a new venture for the institution, and they are having a hard time envisioning how this can work to everyone's benefit.
    Any insights are greatly appreciated!!
    Kathy Lund Dean, Ph.D.
    Board of Trustees Distinguished Professor of Leadership & Ethics
    Gustavus Adolphus College
    800 West College Avenue
    Saint Peter, MN    56082
    507-933-7407 (office)
    Skype: kathy.lund.dean
    Web: https://gustavus.edu/profiles/lunddean
    Co- Editor, Journal of Management Education
    http://jme.sagepub.com/
    Co-Editor, Management Teaching Review
    http://mtr.sagepub.com

    --

    Jerome A. Katz
    Coleman Foundation Professor of Entrepreneurship and

    Director, Billiken Angels Network
    John Cook School of Business, Saint Louis University
    3674 Lindell Blvd., St. Louis MO 63108 USA
    314-977-3864w; 314-275-8721h; 314-302-0641c
    katzja@slu.edu, http://eweb.slu.edu

     

    ************************************** 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: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (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. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (jbunch@benedictine.edu). Ventures HO!