Innovation and entrepreneurship wmg, warwick

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Innovation and entrepreneurship wmg, warwick

  1. 1. Entrepreneurship and Education Dr. Jay Bal International Digital Laboratory Jay.bal@warwick.ac.uk
  2. 2. “An entrepreneur is a person who iswilling and able to convert a newidea or invention into a successfulinnovation, simultaneously creatingnew products and business modelslargely responsible for the dynamismof industries and long-run economicgrowth.”Joseph A. Schumpeter
  3. 3. “ Most of what you hear aboutentrepreneurship is all wrong. It’snot magic; it’s not mysterious; and ithas nothing to do with genes. It’s adiscipline and, like any discipline, itcan be learned.”Peter F. Drucker
  4. 4. Universities need to Focus High Growth Enterprises
  5. 5. WMG Entrepreneurship Course
  6. 6. The dominant teaching model Ref: Prof. Allan Gibbs Rational, Reductive, Sprinkling of Objective, Corporate Behaviour Support Info processing BusinessInstructional (Myopia) FocusExplicitKnowledgeIndigestion New Heroic Heart Venture and Functional Arms Growth Business Plan Gut Arms Corporate Venturing Leg Small (independent) Project Business Leg Management
  7. 7. A Model for Entrepreneurship Teaching? Ref: Prof. Allan Gibbs Rich Growth in Entrepreneurial attributes Vision and Feel Emotional Intelligence for ‘way of life’Capacity for ConativeExperiential (Tacit) AffectiveLearning Learning Entrepreneurship Holistic Management Values Arm (Know How!) Trust Building Strategically relationship armIdeas IntuitiveHarvesting and EntrepreneurialEvaluation Organisation design and developmentEntrepreneurialManagement indifferent contexts Project Management Complex globalised world
  8. 8. WMG- MSc in Innovation and Entrepreneurship Traits Skills Adaptable to situations Clever (intelligent) Alert to social environment Conceptually skilled Ambitious and achievement-oriented Creative Assertive Diplomatic and tactful Cooperative Fluent in speaking Decisive Knowledgeable about group task Dependable Organized (administrative ability) Dominant (desire to influence others) Persuasive Energetic (high activity level) Socially skilled Persistent Self-confident Tolerant of stress Willing to assume responsibility Customers Worldwide
  9. 9. Tools to Aid Entrepreneurship Teaching• E-learning – Curatr – rich social learning by gaming environment developed by WMG Doctorate Student. - Udemy – rich online learning system
  10. 10. Experiential Learning!
  11. 11. Support for the start up! 50 Start-ups in 10 years
  12. 12. Examples
  13. 13. Thank You

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