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Presented during the November 19, 2009, Global Venture Lab Network Inaugural Academic Summit Meeting during the "University Policy Cases."
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Entrepreneurship research and education: bridging theory and practice
Fredrik Hacklin, Pius Baschera, ETH ZurichBerkeley CET, GVL inaugural meeting, November 2009
Contents
Overview of research and teaching activities
Case: Discovering entrepreneurship
Case: Venture – companies for tomorrow
23-04-07 2Chair of Entrepreneurship
Contents
Overview of research and teaching activities
Case: Discovering entrepreneurship
Case: Venture – companies for tomorrow
23-04-07 3Chair of Entrepreneurship
ETH Zurich is an internationally oriented science and technology university, based in Zurich, Switzerland
Overview ETH Zurich
Facts & Figures1
ETH Zurich is a science and technology university, based in Zurich, Switzerland
ETH Zurich is the study, research and work place of 20,000 people from 80 nations.
Research and teaching mainly in the engineering sciences and architecture, system-oriented sciences, mathematics and natural sciences areas
Nationally grounded, internationally oriented
Summary
Source: ETH website, www.ethz.ch 1Figures based on 20082Studied, taught or carried out their research at ETH Zurich
Students 15,093
- foreigners 30%
- women 31%
Graduations 3,171
Professorships 372
Staff (FTE) 9,049 (6,741)
Expenditure (mn CHF) 1,264
Nobel prize winners2 21
23-04-07 4Chair of Entrepreneurship
MTEC conducts research and teaching around systematic and creative thinking and acting
Overview Department of Management, Technology and Economics (MTEC)
Source: MTEC website, www.mtec.ethz.ch 1Figures based on 20082Totally enrolled (including new students)
Facts & Figures1
Professors 17
Post-doctorates 36
Senior assistants / Researchers 34
Doctoral students2 135
MSc students2 294
Mobility students2 96
MAS, MBA2 260
to understand, shape and relate the interactions between technology, organizations, and society and their impact on the sustainable use of natural and human resources
Vision
23-04-07 5Chair of Entrepreneurship
Strategy Knowledge
Innovation Culture
Management of resources and capabilities
Creation and sustainability of competitive advantage
Knowledge-based view of the firm
Creation and dissemination of knowledge
Understanding and mastering the dynamics of innovation
Creation of new, distinctive and unique value propositions
Maintaining a societal context for fostering entrepreneurial behavior
Enhancing the well-being of involved stakeholders
Research Context and Positioning
Within the MTEC scope, the Chair of Entrepreneurship focuses of improving the practice of managing novelties
Chair of Entrepreneurship
Improving the practice of managing novel ideas and new ventures
Leading the entrepreneurial process of creating value to stakeholders of the organization
23-04-07 6Chair of Entrepreneurship
Contents
Overview of research and teaching activities
Case: Discovering entrepreneurship
Case: Venture – companies for tomorrow
23-04-07 7Chair of Entrepreneurship
Business GameWeekly from 10 – 12 a.m.(6 sessions, alternates with Exercises).Interactive business simulation game, usuallyten virtual companies competing against eachother.
ExerciseWeekly from 10 – 12 a.m. (5 sessions, alternates with Business Game).In collaboration with ABB Ltd.Covering 5 specific topics: Strategy, Innovation, Supply Chain, Finance, and Sustainability.
LectureWeekly from 8 – 10 a.m.Covering all relevant topics of business andentrepreneurial management.
Structure of course “Discovering Entrepreneurship”
With “Discovering Entrepreneurship“, we offer an entry-level course of entering the MTEC curriculum
Discovering entrepreneurship
MSc
BSc Engineering curriculum
ME EE CS …
Management science curriculum
Strategy …TIM
Logistics Economics
23-04-07 8Chair of Entrepreneurship
L 9: Risk Management (Prof. Sornette)L 10: Quality Management (Prof. Fahrni)
L 11: Corporate Sustainability (Prof. Hoffmann)
Marketing and Sales
Cor
pora
te C
ultu
re
Hum
an R
esou
rceM
anag
emen
t Operations and Supply Chain
Vision
Values
Technology and InnovationManagement
HR Management
Financial Management
Information Management
RiskManagement
Quality Management
Employee
Satisfaction
Customer
Satisfaction
Partner +
Supplier
Satisfaction
Social+
ecological
Responsibility
Bus
ines
s Res
ult
Cor
pora
te S
trat
egy
L 12: Corporate Renewal (Prof. Baschera)
L 13: Business and Macroeconomics (Prof. Sturm - KOF)
L 1: The Management Model (Prof. Baschera)
L 2: Human Resource Management (Prof. Grote/Wehner)
L 3: Company Strategy (Prof. von Krogh)
L 5: SupplyChain und Operations (Prof. Schönsleben)
L 6: Technology and Innovation Management (Prof. Boutellier)
L 7: Financial Management (Dr. Frauenfelder)
L 8: Information Management (Prof. Sutanto)
L 4: Marketing and Sales (Prof. Baschera)
Course approach
The course is aligned along the business model of a firm
23-04-07 9Chair of Entrepreneurship
Contents
Overview of research and teaching activities
Case: Discovering entrepreneurship
Case: Venture – companies for tomorrow
23-04-07 10Chair of Entrepreneurship
Venture – companies for tomorrow
“Venture” is one of the largest business plan competitions in Switzerland, and started 1998
7th edition of one of the largest business plan competitions in Switzerland (Venture 2010)
Joint initiative of ETH Zurich, McKinsey & Co, CTI
Overview
Mobilize teams with innovative business ideas
Support participants to develop their own businesses
Encourage new start-ups through an entrepreneurial network
Drive economic growth by promoting entrepreneurship
Aims
Further information: www.venture.ch
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Timetable for Venture 2010
Venture can be joined either in Phase I or Phase II
Further information: www.venture.ch
31.03.10Submit business plan
Nomina-tion offinalists
20.05.10Final pre-sentation, 2nd award ceremony
01./08.10.09 Kick-off events in Zurich & Lausanne
03.12.09Submit business idea
14.01.101st award ceremony
Preparation Evaluation Final presentation
Phase II: Business planPhase I: Business idea
Preparation Evaluation
Founder knowledge seminars
Jury feedback
Jury feedback
Business plan work-shops
Coaching
Investors’ Dayi – –
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Top firms and institutions back Venture 2010
Further information: www.venture.ch
Sponsors
Universities, technical colleges
Technoparks und incubators
Venture capitalists and consultants
Other institutions, e.g., Wirtschaftsfrauen Schweiz, INSEAD Alumni, SVIN
Supporting institutions Media partner
23-04-07 13Chair of Entrepreneurship
Results and outlook
Venture presents a significant bottom line
Further information: www.venture.ch
Over 2,000 jobs created
>2,400 team members, >500 coaches
Approx. 1,200 business ideas
>526 business plans
Approx. 200start-ups
Practice
Database of submitted business plans over 10 years (1998-2008)
Basis for longitudinal studies
Research
23-04-07 14Chair of Entrepreneurship