Hr Basics for Entrepreneurs Powerpoint Presentations - PDF

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					Entrepreneurship Education:
   Some Ideas From UBC
   S     Id   F
          Dr. Daniel F. Muzyka, Dean
RBC Financial Group Professor of Entrepreneurship


            November 2008




          Introduction

    Entrepreneurship is an important element in
        management education
    It deals with a certain set of perspectives and
        processes that are not well addressed in
        traditional management theory and
        education
    It focuses on the applied and practical but
        informs theory
    It bridges business schools with business


          THE UNIVERSITY OF BRITISH COLUMBIA




          Introduction

  There are many ideas and models of
    entrepreneurship and entrepreneurship
    education: 1978-2008
  Each of us has somewhat different aspects
    and styles of entrepreneurship we need to
    support
  Each of us has a different context in which to
    develop our entrepreneurial activities
  Each of us has unique assets and resources to
    bring to the table


          THE UNIVERSITY OF BRITISH COLUMBIA




                                                      1
               Introduction
               Some Tensions and Complexities


   Small business vs. entrepreneurial business
   Family business and entrepreneurial business
   Entrepreneurship and intrapreneurship
   Innovation and entrepreneurship
   Entrepreneurs and leaders




                THE UNIVERSITY OF BRITISH COLUMBIA




               Introduction
                                Sauder School

                          Research
                          Learning:
                            BCom
                            MBA
                            PhD
                            Executive Education
                          Outreach


                THE UNIVERSITY OF BRITISH COLUMBIA




               Agenda

1. Inventory
   •   Offerings at UBC
   •   Other offerings in Vancouver community
2. Introducing a new entrepreneurship concentration
3. Case Study – Technology Venture Formation course
4. How else do we foster an entrepreneurial culture?
5. What have we learned
6. What happens in other cities



                THE UNIVERSITY OF BRITISH COLUMBIA




                                                       2
                   Culture
• Fostering a culture of entrepreneurship in the UBC community




                   THE UNIVERSITY OF BRITISH COLUMBIA




                   Inventory–Offerings at UBC
  Faculty – Workshops and mentoring                             Program / Club
 Applied Science                                        Technology Entrepreneurship
                                                        Club
 Applied Science                                        Professional Development
 Applied Science                                        Tri-Mentoring
 Sauder School of Business                              MBA Society Entrepreneurship
                                                        Club
 Sauder School of Business                              Mentoring Program
 Science                                                Tri-mentoring
 Arts                                                   Tri-mentoring
 Agnostic                                               Students in Free Enterprise
                                                        (SIFE) UBC



                   THE UNIVERSITY OF BRITISH COLUMBIA




                   Inventory–Offerings at UBC
   Faculty                      Course                                  Instructor
APSC/Sauder 541/BAEN 506/507 – Technology                      Thomas Hellmann/Mike
            Entrepreneurship                                   Lyons
Sauder         BAMA 503/505 – New Product                      Tim Silk
               Development
Sauder
S d                    Fundamentals of
               586X – F d       t l f                          Th     H ll
                                                               Thomas Hellmann
               entrepreneurship
Sauder         500 and 504 – Fundamentals of                   Thomas Hellmann
               Entrepreneurship
Sauder         BAEN 580C – Fundamentals of                     Momo Deretic
               Entrepreneurship
Sauder         BAEN 505 – Entrepreneurial
               Financing and Venture Capital
Science        SUS reports none

                   THE UNIVERSITY OF BRITISH COLUMBIA




                                                                                       3
                   Inventory–Offerings at UBC

     Faculty                     Course                            Instructor
  APSC/Sauder 486 – New Venture Design                     Darren Dahl/Peter
                                                           Lawrence
  Sauder        486Z New Product Development               Tim Silk
  Sauder        486T – Fundamentals of                     Mari-Anne Linde
                Entrepreneurship
  Sauder        497 – New Enterprise                       Mari-Anne Linde
                Development




                   THE UNIVERSITY OF BRITISH COLUMBIA




                   Inventory – Other Offerings in
                   Vancouver Community

Workshop                                      Focus
HR Consultants (Kwela, MICA,                  Leadership development, team
ClearPoint)                                   development, talent management and
                                              training
                                                     g
BCTIA C-Suite Roundtables                     Confidential peer only forum for C-
                                              suite executives
Virtus Inc.                                   Confidential peer only forum for
                                              entrepreneurs, managers and
                                              executives
BCHRMA                                        Workshops focused on organizational
                                              development



                   THE UNIVERSITY OF BRITISH COLUMBIA




                   Inventory – Other Offerings in
                   Vancouver Community

 Workshop                                    Focus
 Legal firm ad hoc workshops                 Employment standards, IP,
                                             shareholder agreements, financing,
                                             corporate structure
 Learning Strategies Group at SFU            Various executive management 1-
                                             day workshops
 Sauder School of Business                   Various executive management
                                             programs, 1 to 7 days




                   THE UNIVERSITY OF BRITISH COLUMBIA




                                                                                    4
                       Inventory – Other Offerings in
                       Vancouver Community
   Workshops / Networking                        Focus
   BC Directors Breakfast Club                   Monthly morning meetings on
                                                 various topics of interest to directors
   Vancouver Enterprise Forum                    10 times per year with fireside chats
                                                 and topical p
                                                       p     presentations from
                                                 entrepreneurs
   VEF Momentum                                  Fireside chat and networking events
                                                 targeted at young entrepreneurs




                       THE UNIVERSITY OF BRITISH COLUMBIA




                       Inventory – Other Offerings in
                       Vancouver Community
Talent development           Summary
programs
New Ventures BC              6 month process including skills development seminars,
Talent development and       networking, one-on-one mentoring. Really built to set a
a business plan              company up to be financed. Cash prize for 1st, 2nd and
competition                  3rd place winners
Time Centre Business         6 month program in mentorship. Emphasis on
Mentorship                   investment preparedness and go-to-market strategies.
                             Some discussion of organizational structure as it
                             relates to boards and compensation
HR Tech Group                6 month program for the C-suite with emphasis on
                             leadership skills. Targets entrepreneurs transitioning
                             into C-suite execs
AceTech Growth               Participation for up to 3 years and is a learning program
Strategy Program             for CEOs with an emphasis on revenue growth

                       THE UNIVERSITY OF BRITISH COLUMBIA




                       Agenda

  1. Inventory
      •   Offerings at UBC
      •   Other offerings in Vancouver community
  2. Introducing a new entrepreneurship concentration
  3. Case Study – Technology Venture Formation course
  4. How else do we foster an entrepreneurial culture?
  5. What have we learned
  6. What happens in other cities



                       THE UNIVERSITY OF BRITISH COLUMBIA




                                                                                           5
                                             Introducing a new
                                             Entrepreneurship Concentration


 •We decided to introduce a new
 Entrepreneurship concentration
  ithi      U d      d t
 within our Undergraduate program

 •How did we go about the process?


                                             THE UNIVERSITY OF BRITISH COLUMBIA




                                             Introducing a new
                                             Entrepreneurship Concentration
• First, we took stock of what areas are covered in our current courses




                                             THE UNIVERSITY OF BRITISH COLUMBIA




                                             Introducing a new
                                             Entrepreneurship Concentration
• We asked the students what they currently do within the topic
• Results of a poll conducted by our Undergraduate Student Body

                                         Entrepreneurship-Related Activities Pursued   Reading about
                                                                                       entrepreneurship
                                 140
                                       115                   117
 N u m b er o f R esp o n s es




                                 120                                                   Researching
                                                                                       entrepreneurship
                                 100
                                                                          81      82
                                 80                                                    Involvement with a
                                 60               54                                   conference/club/organizat
                                                                                       ion relating to
                                                                                       entrepreneurship
                                 40
                                                                                       Watching TV/movies
                                 20                                                    relating to
                                                                                       entrepreneurship
                                  0
                                                               1                       Corresponding with
                                                                                       individuals educated in
                                                          Activities                   entrepreneurship

                                             THE UNIVERSITY OF BRITISH COLUMBIA




                                                                                                                   6
                                                  Introducing a new
                                                  Entrepreneurship Concentration
• Then, we asked the students what they would like to see
• Results of a poll conducted by our Undergraduate Student Body
                                           Interest Level in Entrepreneurship Course Offerings



                     25.00%
                                                                                        22.33%
 Average Respon %




                                                                20.30%                                         20.55%
              nse




                                                                                                                                    19.80%
                     20 00%
                     20.00%
                                     17.34%

                     15.00%


                     10.00%


                      5.00%


                      0.00%
                              Basic Entrepreneurship    Entrepreneurship Finance   New Venture Design   General Business Plan   New Product Intro
                                                                                                                                 &Development


                                                                                     Courses




                                                   THE UNIVERSITY OF BRITISH COLUMBIA




                                                  Introducing a new
                                                  Entrepreneurship Concentration
                                                                Program Structure

•Finally, after much consultation including all stakeholders (Faculty,
Students, Business Community) we prepared and launched in 2008

• Beginning in the third year of a student’s undergraduate degree, the
Entrepreneurship Concentration will provide students with the fundamental
concepts in entrepreneurship

• The Concentration is an addition to a student’s selected Bachelor of
Commerce major and interested students will need to apply for the program




                                                   THE UNIVERSITY OF BRITISH COLUMBIA




                                                  Introducing a new
                                                  Entrepreneurship Concentration
                                                       Program Structure (Continued)

• To successfully complete the Concentration in Entrepreneurship, students
will be required to take four courses in the field, and all other required
courses for the Bachelor of Commerce degree in their major field of study

• The courses will be completed in years 3 and 4 as follows:

                    •3rd year course (required)
                         •Fundamentals of Entrepreneurship (new course)

                    •4th year courses (students required to select three of the four)
                        •Entrepreneurial Finance (new course)
                        •New Product Development (new course)
                        •The Business Plan (new course)
                        •New Venture Design
                                                   THE UNIVERSITY OF BRITISH COLUMBIA




                                                                                                                                                    7
                   Agenda

 1. Inventory
     •   Offerings at UBC
     •   Other offerings in Vancouver community
 2. Introducing a new entrepreneurship concentration
 3. Case Study – Technology Venture Formation course
 4. How else do we foster an entrepreneurial culture?
 5. What have we learned
 6. What happens in other cities



                   THE UNIVERSITY OF BRITISH COLUMBIA




                   Case Study – Technology Venture
                   Formation Course
                               Background

•Student feedback indicated the main thing lacking and key in teaching
entrepreneurs is the experiential learning that comes with developing:
     •Real business plans for
     •Real ventures and being assessed by
     •Real entrepreneurs and venture capitalists.
•Course was developed and honed for 18 years at Stanford, and the
same instructor (and some of his team) are used to teach it at Sauder
•Has run successfully for 2 years now at Sauder
•Covers all the main aspects of starting a new venture, from the initial
writing of a business plan through to pitching to actual investors


                   THE UNIVERSITY OF BRITISH COLUMBIA




                   Case Study – Technology Venture
                   Formation Course

                               Key Benefits

•Collaboration between students from different backgrounds and
Faculties
 Students
•Students get the chance to receive incredible amounts of detailed
feedback from real-world entrepreneurs and venture capitalists
•Consistently receives the highest course evaluations possible both at
Stanford and Sauder
•Those involved with developing / funding the course are guaranteed a
seat around the table when assessing the plans, and therefore an avenue
into potential ventures that may take off



                   THE UNIVERSITY OF BRITISH COLUMBIA




                                                                           8
                    Agenda

  1. Inventory
      •   Offerings at UBC
      •   Other offerings in Vancouver community
  2. Introducing a new entrepreneurship concentration
  3. Case Study – Technology Venture Formation course
  4. How else do we foster an entrepreneurial culture?
  5. What have we learned
  6. What happens in other cities



                    THE UNIVERSITY OF BRITISH COLUMBIA




                    How Else Do We Foster An
                    Entrepreneurial Culture?
•Enterprize - Canada's largest undergraduate entrepreneurial conference
and business plan competition. This has run for the past 7 years and draws
over 300 entrepreneurial-minded graduates from all over the country


 Business
•Business Plan Competitions – Encouraging and mentoring our students
to enter competitions all over the world


•Having Entrepreneurship Clubs at both the Undergraduate and
Graduate level who organize events and stimulate interest within the
student body.




                    THE UNIVERSITY OF BRITISH COLUMBIA




                    How Else Do We Foster An
                    Entrepreneurial Culture?
•W. Maurice Young Entrepreneurship Centre which promotes learning
and research related to entrepreneurship, creates new knowledge of
entrepreneurship, and advances entrepreneurial business activity


 Creating
•Creating Partnerships with both the UILO and the NRC (National
Research Council) to seek opportunities where our students can help in the
commercialization of research


•Entrepreneurship 101 is a unique program that brings together MBA
students and Sauder faculty to volunteer their time to teach business basics
to residents of Vancouver’s Downtown Eastside


                    THE UNIVERSITY OF BRITISH COLUMBIA




                                                                               9
                      How Else Do We Foster An
                      Entrepreneurial Culture?
•Community Partnerships which promotes the dissemination of ideas, the
development of new ventures and the promotion of venturing (e.g., New
Ventures BC, BC Innovation Council, Chinook, etc.)


•Participation in Policy Initiatives in areas of venture capital,
 Participation                                           capital
competitiveness, and technology (e.g., Premier’s Technology Council) at
both a Provincial and National level – with occasional work internationally


•Membership in appropriate groups that foster entrepreneurship and
venture development (e.g., European Venture Capital Association, National
Angels Forum, etc.)


                      THE UNIVERSITY OF BRITISH COLUMBIA




                      Agenda

  1. Inventory
      •    Offerings at UBC
      •    Other offerings in Vancouver community
  2. Introducing a new entrepreneurship concentration
  3. Case Study – Technology Venture Formation course
  4. How else do we foster an entrepreneurial culture?
  5. What have we learned
  6. What happens in other cities



                      THE UNIVERSITY OF BRITISH COLUMBIA




                      What Have We Learned
     Traits                  We can “teach” some of entrepreneurship

         General
       Competencies                                              Venture
                                                                 Growth
                Specific
              Competencies


                          Motivation

                                               Competitive
                                                Strategies

                                                             Environment
                                                                           Size
Source: Baum, Locke and Smith, 2001
                      THE UNIVERSITY OF BRITISH COLUMBIA




                                                                                  10
               What We Have Learned
                                 Learning
       Strong and persistent student demand
       Importance of experiential learning
       Cross-functional nature of learning
       Need for network support and intervention
       Integration with community resources
       Multi-disciplinary linkages and support
       Mainstream integration of knowledge
       Cross-cultural and cultural aspects


               THE UNIVERSITY OF BRITISH COLUMBIA




               What We Have Learned
                       Research and Development

       Multi-Faculty efforts/linkages
       Multi-institutional research efforts
       International cooperative research
       Distinctive commercialization configurations

       Cooperation and coordination to design
         successful individual solutions




               THE UNIVERSITY OF BRITISH COLUMBIA




               Agenda

1. Inventory
   •    Offerings at UBC
   •    Other offerings in Vancouver community
2. Introducing a new entrepreneurship concentration
3. Case Study – Technology Venture Formation course
4. How else do we foster an entrepreneurial culture?
5. What have we learned
6. What happens in other cities



               THE UNIVERSITY OF BRITISH COLUMBIA




                                                       11
                What Happens
                In Other Cities
                    Ottawa – OCRI
•OCRI’s Entrepreneurship Centre provides innovation
support combining paid staff with volunteer mentors to
support new ventures

•Runs a training programme FITT (Forum for International
Trade Training) promoting international sales and
marketing and legal issues and techniques

•Individual seminars on aspects sales and marketing


                THE UNIVERSITY OF BRITISH COLUMBIA




             What Happens
             In Other Cities
           Waterloo – Communitech
•    Best Practices (Titan Learning Series) – half day events

    1. Mastering the One Page Strategic Plan (
                g           g        g               y)
                                             (full day)
    2. Negotiation
    3. Retaining and Managing a Multi-Generational
       Workforce
    4. Marketing for High Technology Products




                THE UNIVERSITY OF BRITISH COLUMBIA




                What Happens
                In Other Cities
        Calgary - Technologies Inc.
• Entrepreneur Consulting Services
   • No cost for 5 sessions
     EIR,
   • EIR tech park and mentoring
• Go to Market
   • Offered by Vancouver based Rocket Builders
     program
• Entrepreneurial Bootcamps
   • One day sessions with Alberta Deal Generator
• Lead! – executive briefings
                THE UNIVERSITY OF BRITISH COLUMBIA




                                                                12
               What Happens
               In Other Cities
                  Seattle – NWEN
•Accelerate Program: a two-part program that organizes
panels of entrepreneurial professionals who work one-on-
one with entrepreneurs to refine their business plans and
presentations

•Entrepreneur University: this annual summit helps
entrepreneurs gain knowledge, insight and creative ideas to
elevate their eIQ and their business
   •Two complete tracks for the different stages of
   company growth: early-stage and ready to accelerate

                THE UNIVERSITY OF BRITISH COLUMBIA




               What Happens
               In Other Cities
                      Silicon Valley
•SBDC: The Silicon Valley SBDC is dedicated to the
success of small business persons and "business ready"
entrepreneurs in the Greater Silicon Valley including Santa
Clara County and Southern San Mateo County

•SCORE: offers free and confidential advice to small
businesses: face-to-face counseling, online counseling,
online workshops and more
    •Business Planning, Market Research, Marketing &
    Sales, Sales for Start-ups
    •Offered seven times per year
                THE UNIVERSITY OF BRITISH COLUMBIA




                                                              13

				
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