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Posts Tagged ‘education’

Entrepreneurship Is Fueling Global Change

April 21st, 2013

Ah, Entrepreneurship…

Entrepreneurship is now fueling the world’s quests to end epidemics, resolve inequities and poverty, increase education and care for our natural resources.    Three forces – government environment, bottoms up desire for skills/learning, and conscious capital — have come together to create this sea of change.  The Millennials will cause changes like we’ve never seen in the world.  In general, there is a growing consciousness that we CAN change our world for the better and entrepreneurial thinking is the key to this change.

For the past two years, we’ve had an amazing set of innovators/entrepreneurs share their experiences @ The Intersection Event on how their work impacts the world. Some of the most memorable moments…

–> Leila Janah, Founder/CEO of Samasource spoke at our event inside Pixar about how her company is creating mico-work opportunities for impoverished women and children around the world

–> Reid Hoffman, Founder of LinkedIn, and Ev Williams, Co-Founder of Twitter have talked about the impact of their game-changing social networks

–> Barry Zito, SF Giants star pitcher, spoke @ Google about Strikeout for the Troops, his entrepreneurial endeavor that supports our nations military families

–> Kushal Chakrabarti, Chairman of Vittana, gave a passion-filled pitch at 2013 The Gratitude Awards for ways in which his company has enabled young people in Africa to complete their educations with help from those of us who care

These …and many many more memorable moments at The Intersection, have reminded us that innovation that impacts social change is not coming from the large NGOs – it’s coming from the ingenuity of the entrepreneurs.

How popular is Entrepreneurship today around the world?

If measured by televisions sets in our homes in the US, Entrpreneurship has reached the pinacle of popularity…shows like Shark Tank, a TV show  developed by Mark Burnett (executive producer of Survivor, The Bible, The Voice, and Celebrity Apprentice) and featuring 5 angel investors who love (or shred apart) various entrepreneurs who “pitch” their wares. Thanks to this program, millions of people around the world now know how to calculate the valuation of a start-up, how to evaluate a team, what sales are needed to impress investors, and how to negotiate a term sheet (…and for this I went to Harvard Business School???).

Around the world, Big Governments is encouraging Entrepreneurship. This trend started 10 years ago and has reached a crescendo in recent years.  My former professor at HBS and colleague, John Kao, authored Innovation Nation in 2007 to “pour some cold ice” on the US government about how the US is losing its edge as an innovation leader.  New institutions, laws, cultural norms will enable other countries to surpass the US in innovation, posits Kao, if we don’t embrace entrepreneurship and ingenuity in new ways in the US.   Regardless, with the recent

entrepreneurship in internet search, mobile software and human interface design,  the SPIRIT of ENTREPRENEURSHIP still seems embedded in our culture I don’t see it going anywhere in the coming years.  Initiatives, under Obama, like the Steve-Case-headed Start-up America are looking for ways to turn around our competitive situation

Grass-roots Desire

While Mr. Burnett is raking in the ratings, there is clearly a grass roots, bottoms up desire for Entrepreneurship among tomorrow’s leaders – who are today in undergrad and graduate schools around the world. I see this with each year that I teach at UC Berkeley and U. Cambridge – more and more students are asking me how they can “do well” AND “do good”.

General Entrepreneurship is taught at every major University around the globe; three dozen of the top business schools now offer a “Center” for Entrepreneurship” or program – without one they are no longer competitive players in the college market -  many students are looking to build their entrepreneurial skills as part of their core learning experience in college.

Social entrepreneurship is now the hot new area: courses at UC Berkeley’s Haas School of Management illustrate the case. In the past few years, numerous course on innovation, entrepreneurship and now social entrepreneurship have proliferated – and most students take at least one of these electives in pursuing their degrees.  These offering  have spilled over into the 3-year (“weekend/evening MBA program”) which takes in students who for the most part also have full-time management-level jobs in the Bay Area. According to February 2013 blog on HBR between 2003 and 2009 the average course in US MBA schools has skyrocked over 110% per year.

A recent Fortune article on higher ed illustrates the points:  The latest trends in undergrads are programs that develop students as social entrepreneurs.  Already Berkeley (Haas), Yale, Stanford (GSB), Harvard MBA, and Duke (Darden School) have entire programs around teaching social entrepreneurship. Abroad, INSEAD has led the way and Oxford (Saïd School) has sponsored The Skoll Foundation’s annual trend-setting conference called Skoll World Forum for Social Entrepreneurship.

Not Just the MBAs

Turns out the social entrepreneurship movement is gaining momentum in many undergraduate schools as well – from Dartmouth to Azusa Pacific.  For example, at Brown University, undergrad students are leading the entrepreneurial charge.  This bottom up approach has led to the continued success of the Entrepreneurship Program, or EP, a 15-year-old student run entrepreneurship initiative, which is now thriving as both an engagement program for blossoming entrepreneurs, and an accelerator program for more experienced founders.  In addition, EP has recently formed a partnership with E’ship, the student-run entrepreneurship club at the Rhode Island School of Design.  Through partnering RISD designers with Brown coders, engineerings, and creative thinkers, the Brown-RISD entrepreneurship initiative could assert Providence’s College Hill as one of the nation’s top entrepreneurial breeding grounds, all thanks to a grass-roots approach to entrepreneurship. Brown was also ranked recently by US News & World Report as a leader in the area of Social Entrepreneurship, with its unique programs at the Howard Swearer Center including the Social Innovation initiative and a Seed Fund for social ventures.

The Intersection of Need and Talent and Money

The third component, MONEY, completes the puzzle.  Over the past 10 years there has been a steady rise in funding sources available to social entrepreneurs. There are angel groups (for example, Investors Circle), foundations (Skoll Foundation, The Bill and Melinda Gates Foundation, and the Kauffman Foundation), social-impact banks (such as Triodos Bank in Europe), and a variety of emerging venture firms (see a great list here, from Olivia Khalili of Cause Capital blog).

At UC Berkeley, my students and I have completed a “Note on Social Impacting Investment” that can be used with MBA students to provide an overview of the options available.  The Note, written in 2012, provides an overview of the wide range of emerging options for philanthropic and impact investing, along with overviews of 8 of the top funding organizations.  To download and read the Note, click here: A Note on Social and Impact Investing

Put them all together they spell “C-H-A-N-G-E”

Put these three trends together — top-down government policy, rising desire of the Millenials for social entrepreneurship, and Conscious Capital –  and one gets a very encouraging picture of impact that global social entrepreneurship is likely to have in the next 20 years. Scores of young minds desire to understand how they can become social entrepreneurs,  governments (in the US and abroad) are likely to legislate in favor of the entrepreneurs and capital is becoming more available.

The Gratitude Network and The Intersection community are ready for this change.  Are you?

Innovation and Creativity at the University

January 7th, 2010

In 2009, I was given the opportunity to create and teach a new course at UC Berkeley’s “Management of Technology” group, serving both master-degree candidates in Engineering as well as MBAs at the Haas School.  All in all we had 46 students in the class. The class is called ICE –“Innovation, Creativity & The Entrepreneur.”

I am personally very grateful for the opportunity to teach this particular course.  First of all, I am interested at this point in giving something back to others – and this class represented the ULTIMATE way to give something back to the younger generation – this is the future generation of innovative leaders.  And, Creativity is a life-long passion of mine.  Lastly, the results of the class were extremely rewarding (read on, below).

Why a Class on Creativity/Innovation AND Entrepreneurship?

While colleges & corporations all over the world are stressing Innovation, and even Berkeley itself has several leaders in the field of innovation, such as Professor Sara Beckman and Professor Henry Chesbrough, I researched ENTREPRENEURIAL Innovation in 2008.  We do have a very excellent Lester Center for Entrepreneurship and Innovation here at the Haas School – the emphasis is on hands-on student learning for future entrepreneurs.  I teach New Venture Finance each spring from within this Center.  Several classes within Lester Center integrate ideas on creativity and innovation into their curriculum.

Outside of Berkeley, I could find very little in this area – few cases,  very few articles, few courses taught on the subject (Harvard Business School had a course of this nature in the late 1980’s, taught by professor, John Kao), and the last book I could find on the topic of Innovation and Entrepreneurship was a book by that very name by Peter Drucker in 1985. (If I’ve missed something in my research, my apologies – I’d LOVE to learn about it).

Plenty out there on Innovation and Corporations, but little on entrepreneurship…maybe entrepreneurs are EXPECTED to be innovative…but of course they are not  necessarily, in reality.

Topics on Creativity

The class basically covered these topics on Creativity & Innovation:

  • Definitions of Creativity & Innovation in the working world
  • Company Environment – how physical space, values, beliefs & culture affect innovation
  • Leadership – how to enhance or kill Creativity in the entrepreneurial environment (see my previous post on this topic)
  • Measuring Group and Individual Creativity
  • The Creative Problem Solving Process
  • Management of Global Creativity
  • Creativity in Design
  • Innovations in Product Development
  • Innovations in Marketing (see my previous posts on this topic)
  • HR , Company Culture and Innovation (see my previous posts on this topic)
  • How business models affect innovation

Speakers really enhanced the class !

At UC Berkeley, we are very fortunate to be closeto  the Silicon Valley (and I’m fortunate to know a lot of people!)  During the 15 week class we had a variety of excellent speakers parade through the halls of the Haas School on their way to our classroom.  I am highly indebted and grateful to the following seasoned professionals for their time and great presentations:

New cases developed for this class

As luck would have it, I had superb support from Anne Marxer who is a MBA candidate at Haas and did a great job as my Teaching Assistant.  We also were very fortunate to get 4 special case studies done – Case studies were also superbly written by Jenny Herbert Creek (on Netflix’s Cultural innovations) and Rekha Ravindra (on Reply’s business model innovations) – thanks ladies!

Professor Linda Hill, a long-time mentor and well-know professor/administrator at Harvard Business School, co-collaborated with me on a case on Digital Chocolate, which was nicely written by HBS West Executive Director Alison Wagonfeld.  The case is available world-wide now through the HBS Publishing – see: http://hbr.org/product/digital-chocolate/an/410049-PDF-ENG?N=4294958507%2520516161

Getting Innovative

Of course, no classroom on innovation or creativity would make sense unless we tried to be a little innovative ourselves. I surprised myself by managing to come up with at least 4 innovation in this classroom, that the students seem to enjoy.  Some of the  approaches were bit out of the ordinary and took advantage of existing technologies:

  • Classroom Innovation #1: the Virtual case – With expert videographer and Cal grad Suzanne Lamar, I created four unique cases and tested them out on the class – each case was filmed at the company and then presented on the web in snippets (each no more than 2 minutes long, a total of 6-8 per company).  Students were asked to write down answers to questions on each clip, in addition to reading a short case study on the company.  The result: students seem to retain more of the learning, and internalized the material, plus had more fun.  For great examples of this, see:  http://www.haykin.net/learning/index.html
  • Classroom Innovation #2: unique use of Wiki – I asked all 50 students in the class to each come up with 2 examples of Marketing Innovation (from anywhere in world) off the ‘Net and enter their findings in a wiki which was organized by marketing topic. The result was so rich and useful for a 2 hour class – but in reality we created enough material for the basis of an ENTIRE COURSE on Marketing Innovation.  During my lecture, I shared a framework on marketing with the class, then stitched together examples they had all posted – in real time and using video, audio, etc.  We had an amazing time.
  • Classroom Innovation #3: unique use of Online forums - we used this as a classroom tool to allow better participation by students.  Some students were shy by nature and said less in class.  I created a discussion forum online that only the class could see and comment on.  Those students who were quiet in class had a chance to “speak up” and many of them left comments all semester long.  Plus the students interacted (debated, complimented, compared) with each other in these forums.  The forums also provided great feedback for me from the students on class tools, speakers, etc.
  • Classroom Innovation #4:  the Personal Innovation Plan – one final brainchild I had for this class was called the “PIP” (personal innovation plan). During the 15 weeks of class, I asked each student to keep a Personal Journal of what they were learning, their thoughts and ideas.  Then,  I asked each student to  come up with a full person plan of how they would put the class into action in their own lives – using what they had learned all semester.   About half the class presented their PIPs to me, and the other half delivered physical PIPs.

Here are some examples of the amazing plans that the students presented, some of them were WORKS OF ART:

  • A colorful desk calendar that provides photos, quotes, memorable learnings from class for each month of 2010
  • A live multi-media website the integrates all the course material, assignments, personal journals
  • A desktop full-scale model of House in the movie “Up!” from  Pixar containing a hidden journal and go-forward plan
  • A magazine interview revealing personal findings and learnings
  • An amazing short story about a Bunny (who was in fact the student in disguise)
  • Interpretation of a few weeks of dreams and how they fit into the creative process
  • A Powerpoint slide show of images/photos along with orginal music
  • A comic-strip representing all that was learned in class
  • Original Music demonstrating several aspects of the class

Through this approach, and innovations during the semester, I felt that I got the privilege of getting to know the 46 students in my class more intimately than most other professors at US institutions.

If you have any questions about this class, I’d love to hear from you at Haykin@haas.berkeley.edu, or leave your comment at bottom of this blog!