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  • 1.  Teaching entrepreneurship to students destined for corporate jobs

    Posted 10-14-2016 13:55

    I had a conversation last night with one of our most prominent, and wealthiest, alumni who has started and built a multibillion-dollar business. Even though he himself is an entrepreneur, he aggressively questioned the value of hiring young people who had participated in our entrepreneurship curriculum fearing that they would be trained at his expense and they then would be looking for every opportunity to leave his company and start their own business-possibly in competition with him.

     

    Those of us in the room explained that in our entrepreneurship curriculum students learn to be innovative, learn to work collaboratively, learn to make decisions with highly imperfect information, learn to see new opportunities-all of which resonated with him. Nowhere does this imply that they have to be disloyal or that they have to start their own companies to leverage these skills. I cited companies like Google, Amazon and Motorola (once upon a time)-all of which encourage entrepreneurism among their employees and their practices recognize that some of them will leave, yet they still (I think) recruit for these traits. Our alumnus seemed very receptive to being persuaded, and I told him I would see if anyone had done any research in this area.

     

    So...is anyone aware of any studies or papers about the effectiveness of "entrepreneurs" inside established organizations? Or the value of intrapreneurs? And whether they're more prone to leave their employers and start out on their own?

     

    Any pointers, thoughts or suggestions are much appreciated. Tx.

     

    Neil Kane

    Director of Undergraduate Entrepreneurship

    Michigan State University

    632 Bogue Street, Room N120

    East Lansing, MI 48824

    nkane@msu.edu

    Cell: 312-404-3507

     

    Entrepreneurship Portal:  http://entrepreneurship.msu.edu

    Facebook:  https://www.facebook.com/MSUEship/  

    Twitter: https://twitter.com/MSU_Eship

    LinkedIn:  http://www.linkedin.com/in/neilkane

     

    Going from "Why I can't" to "Why can't I?"

     

    ************************************** 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 Kevin Cox (kcox24@my.fau.edu). Ventures HO!


  • 2.  Teaching entrepreneurship to students destined for corporate jobs

    Posted 10-14-2016 14:40

    Hi Neil,


    Take a look at the literature on intrapreneurs and also work of Aleksandra Kacperczyk (MIT).


    Best,

    Elena


    From: Entrepreneurship Division Listserv <ENTREP@AOMLISTS.AOM.ORG> on behalf of Kane, Neil <nkane@MSU.EDU>
    Sent: Friday, October 14, 2016 1:54 PM
    To: ENTREP@AOMLISTS.AOM.ORG
    Subject: [ENTREP] Teaching entrepreneurship to students destined for corporate jobs
     

    I had a conversation last night with one of our most prominent, and wealthiest, alumni who has started and built a multibillion-dollar business. Even though he himself is an entrepreneur, he aggressively questioned the value of hiring young people who had participated in our entrepreneurship curriculum fearing that they would be trained at his expense and they then would be looking for every opportunity to leave his company and start their own business-possibly in competition with him.

     

    Those of us in the room explained that in our entrepreneurship curriculum students learn to be innovative, learn to work collaboratively, learn to make decisions with highly imperfect information, learn to see new opportunities-all of which resonated with him. Nowhere does this imply that they have to be disloyal or that they have to start their own companies to leverage these skills. I cited companies like Google, Amazon and Motorola (once upon a time)-all of which encourage entrepreneurism among their employees and their practices recognize that some of them will leave, yet they still (I think) recruit for these traits. Our alumnus seemed very receptive to being persuaded, and I told him I would see if anyone had done any research in this area.

     

    So...is anyone aware of any studies or papers about the effectiveness of "entrepreneurs" inside established organizations? Or the value of intrapreneurs? And whether they're more prone to leave their employers and start out on their own?

     

    Any pointers, thoughts or suggestions are much appreciated. Tx.

     

    Neil Kane

    Director of Undergraduate Entrepreneurship

    Michigan State University

    632 Bogue Street, Room N120

    East Lansing, MI 48824

    nkane@msu.edu

    Cell: 312-404-3507

     

    Entrepreneurship Portal:  http://entrepreneurship.msu.edu

    Facebook:  https://www.facebook.com/MSUEship/  

    Twitter: https://twitter.com/MSU_Eship

    LinkedIn:  http://www.linkedin.com/in/neilkane

     

    Going from "Why I can't" to "Why can't I?"

     

    ************************************** 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 Kevin Cox (kcox24@my.fau.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 Kevin Cox (kcox24@my.fau.edu). Ventures HO!


  • 3.  Teaching entrepreneurship to students destined for corporate jobs

    Posted 10-14-2016 15:50
    Hi Neil,

    Thought I would offer my two cents viewing this from a practitioner standpoint since I'm currently not an academic. I've worked as an intrapreneur and would say it's very much being like a serial entrepreneur. I prefer it to building out your own business because you stay in the early stage and bring several ideas to life rather than an entrepreneur, which at a certain point becomes very much about selling from my experience at least until the company has scaled.

    Many innovation units are misplacing people so aren't as effective. The ones that are working have convinced past serial entrepreneurs to head these units. However, there's no upside, less opportunity in the job market, and you're faced with processes and red tape of corporate which can hard for entrepreneurial types to stand so retaining good talent I would say is a challenge.

    Hope that helps.

    Best,
    Aparna

    Sent from my iPhone

    On Oct 14, 2016, at 2:40 PM, Elena Kulchina <elena.kulchina@DUKE.EDU> wrote:

    Hi Neil,


    Take a look at the literature on intrapreneurs and also work of Aleksandra Kacperczyk (MIT).


    Best,

    Elena


    From: Entrepreneurship Division Listserv <ENTREP@AOMLISTS.AOM.ORG> on behalf of Kane, Neil <nkane@MSU.EDU>
    Sent: Friday, October 14, 2016 1:54 PM
    To: ENTREP@AOMLISTS.AOM.ORG
    Subject: [ENTREP] Teaching entrepreneurship to students destined for corporate jobs
     

    I had a conversation last night with one of our most prominent, and wealthiest, alumni who has started and built a multibillion-dollar business. Even though he himself is an entrepreneur, he aggressively questioned the value of hiring young people who had participated in our entrepreneurship curriculum fearing that they would be trained at his expense and they then would be looking for every opportunity to leave his company and start their own business-possibly in competition with him.

     

    Those of us in the room explained that in our entrepreneurship curriculum students learn to be innovative, learn to work collaboratively, learn to make decisions with highly imperfect information, learn to see new opportunities-all of which resonated with him. Nowhere does this imply that they have to be disloyal or that they have to start their own companies to leverage these skills. I cited companies like Google, Amazon and Motorola (once upon a time)-all of which encourage entrepreneurism among their employees and their practices recognize that some of them will leave, yet they still (I think) recruit for these traits. Our alumnus seemed very receptive to being persuaded, and I told him I would see if anyone had done any research in this area.

     

    So...is anyone aware of any studies or papers about the effectiveness of "entrepreneurs" inside established organizations? Or the value of intrapreneurs? And whether they're more prone to leave their employers and start out on their own?

     

    Any pointers, thoughts or suggestions are much appreciated. Tx.

     

    Neil Kane

    Director of Undergraduate Entrepreneurship

    Michigan State University

    632 Bogue Street, Room N120

    East Lansing, MI 48824

    nkane@msu.edu

    Cell: 312-404-3507

     

    Entrepreneurship Portal:  http://entrepreneurship.msu.edu

    Facebook:  https://www.facebook.com/MSUEship/  

    Twitter: https://twitter.com/MSU_Eship

    LinkedIn:  http://www.linkedin.com/in/neilkane

     

    Going from "Why I can't" to "Why can't I?"

     

    ************************************** 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 Kevin Cox (kcox24@my.fau.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 Kevin Cox (kcox24@my.fau.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 Kevin Cox (kcox24@my.fau.edu). Ventures HO!


  • 4.  Teaching entrepreneurship to students destined for corporate jobs

    Posted 10-14-2016 20:39

    Hi Neil,

    There is some work that dances a bit around your question.  Some work looks at diseconomies of scale (Elfenbein, Hamilton, and Zenger, 2010; Hyytinen and Maliranta, 2008) and the kinds of knowledge (i.e. Chatterji, 2009) that lead employees to leave or correlate with doing well in future entrepreneurship.  Regardless, the key search term is "entrepreneurial spawning".

    Unfortunately, there is little to no research (at least that I'm aware of) that surveys employees and follows them as they leave paid employment into entrepreneurship, asking them quantitative and qualitative questions about their satisfaction.

    There is a well-known quote by Branson that I think of: "Train people well enough so they can leave, treat them well enough so they don't want to."

    That's obviously a big/vague quote that covers a lot of ground. 

    But I recently presented some work at a couple major entrepreneurship conferences looking at the effects of need/preference for autonomy on satisfaction on entrepreneurial teams, and my finding is that need for autonomy is a bit overrated as a factor in satisfaction on teams.  If everybody on an entrepreneurial team has need for autonomy, they can still manage.  What I've found instead is that need for authority hurts satisfaction on teams.  As more people on an entrepreneurial team want to be the boss, satisfaction plummets.

    My .02.

    Regards, -chihmao.

     

     

     


     

     

     

    Regards, -chihmao

    -------------------------
    Chihmao Hsieh
    Associate Professor of Entrepreneurship
    Yonsei University (UIC)    

    website: www.chsieh.com
    tel: +82 032 749 3085 

     

     

    -----------------------Original message-----------------------
    From: "Kane, Neil "<nkane@MSU.EDU>
    To: ENTREP@AOMLISTS.AOM.ORG
    Sent date: 2016-10-15 02:54:56 GMT +0900 (Asia/Seoul)
    Title: [ENTREP] Teaching entrepreneurship to students destined for corporate jobs

     

     

    I had a conversation last night with one of our most prominent, and wealthiest, alumni who has started and built a multibillion-dollar business. Even though he himself is an entrepreneur, he aggressively questioned the value of hiring young people who had participated in our entrepreneurship curriculum fearing that they would be trained at his expense and they then would be looking for every opportunity to leave his company and start their own business-possibly in competition with him.

     

    Those of us in the room explained that in our entrepreneurship curriculum students learn to be innovative, learn to work collaboratively, learn to make decisions with highly imperfect information, learn to see new opportunities-all of which resonated with him. Nowhere does this imply that they have to be disloyal or that they have to start their own companies to leverage these skills. I cited companies like Google, Amazon and Motorola (once upon a time)-all of which encourage entrepreneurism among their employees and their practices recognize that some of them will leave, yet they still (I think) recruit for these traits. Our alumnus seemed very receptive to being persuaded, and I told him I would see if anyone had done any research in this area.

     

    So...is anyone aware of any studies or papers about the effectiveness of "entrepreneurs" inside established organizations? Or the value of intrapreneurs? And whether they're more prone to leave their employers and start out on their own?

     

    Any pointers, thoughts or suggestions are much appreciated. Tx.

     

    Neil Kane

    Director of Undergraduate Entrepreneurship

    Michigan State University

    632 Bogue Street, Room N120

    East Lansing, MI 48824

    nkane@msu.edu

    Cell: 312-404-3507

     

    Entrepreneurship Portal:  http://entrepreneurship.msu.edu

    Facebook:  https://www.facebook.com/MSUEship/  

    Twitter: https://twitter.com/MSU_Eship

    LinkedIn:  http://www.linkedin.com/in/neilkane

     

    Going from "Why I can't" to "Why can't I?"

     

    ************************************** 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 Kevin Cox (kcox24@my.fau.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 Kevin Cox (kcox24@my.fau.edu). Ventures HO!