Erik Noyes

Survey of Experiential Entrepreneurship Education Offerings among Top Undergraduate Entrepreneurship Programs.

Purpose – The purpose of this paper is to analyze experiential entrepreneurship education offerings – programs and courses – among the “Top 25” undergraduate schools of entrepreneurship in the USA. The motivation is to understand the array and vitality of experiential initiatives across the country. A related aim is to unearth obstacles to offering experiential entrepreneurship and identify affordable, viable options. Surveying undergraduate program deans, chairs and administrators, the authors inventory and analyze experiences offered in top entrepreneurship programs. The target audience for the research is entrepreneurship education researchers and business program leaders. Design/methodology/approach – The methodology is a survey approach. A survey was sent to the entrepreneurship program leaders of the “Top 25” business schools according to recently published rankings. In total, 57 percent of the target population responded to the survey. Findings – The authors find that credit-yielding experiential e...

Firm Network Position and Corporate Venture Capital Investment

This study investigates why some firms have been more likely to make corporate venture capital investments than others. We anchor this study within a social networks perspective and prior network research that shows that information about business practices diffuses unevenly through interlocking boards, thereby influencing the corporate adoption of novel business practices. Using annual data on interlocking boards and corporate venture capital investments for S&P500 companies for the years 1996–2006, we show that a firms corporate venture capital investment behavior can be predicted by its cumulative access to information about corporate venture capital practices gained through interlocking boards.

Visualizing creative destruction in entrepreneurship education

Creative destruction — the creation of new industries and the destruction of old industries — is a very abstract concept. Those teaching entrepreneurship, where creative destruction is a central feature, often struggle to communicate the dynamism of industry evolution where industry disruption can yield innovation, entrepreneurial opportunities and new wealth. This paper examines the application of human computer interaction (HCI) and specifically information visualization to the context of entrepreneurship education, a specialized area of business education. The chief aim is to evaluate two-dimensional visualizations of industry emergence and growth to compare entrepreneurship learning outcomes in the general comprehension of creative destruction, the specific comprehension of new market creation in industry evolution, and the rates and dynamics of changing industry market structure. Different two-dimensional visualizations of creative destruction in the Popular Music Industry examining 1951–2008 are developed and tested to determine which visualizations correspond to improved entrepreneurship learning outcomes.

Teaching Entrepreneurial Action: Application of Creative Logic

This chapter highlights an overemphasis and persistent bias in entrepreneurship pedagogy toward predictive logic that results in unidimensional instruction. In contrast, we explore how to teach a creative logic for entrepreneurial action. We argue that a more realistic and complete approach to teaching and pedagogy should include a creative logic that will augment existing methods focused on students’ research and analysis and balance these with taking explicit entrepreneurial action. Building upon social capital, networking, learning and real options theories, the chapter uses case studies and provides in-class exercises to illustrate our perspective and help researchers and instructors alike.

Innovation and entrepreneurial behaviour in the Popular Music industry

ABSTRACT In a creative industry, what pattern of artistic influences increases the likelihood that an artist will produce innovative products? This research examines all major artists in popular music between 1950 and 2008, their unique historic network of artistic influences, and their innovation achievements in the Popular Music Industry. The research applies network analysis to the social structure of the industry to see: do artists who create innovative products occupy unique structural positions in the complete network of artistic influences (1950–2008)? We posit and find evidence that artists with structural holes in their influence networks have access to unique resources from which to fashion new innovative products.

Teaching Entrepreneurial Action Through Prototyping: The Prototype-It Challenge

This article outlines a novel approach to engaging entrepreneurship students in a hands-on, action-oriented prototyping exercise. The pedagogical focus of the Prototype-It Challenge is on the relationship between prototyping and entrepreneurial action, and specifically the value of basic prototypes in opportunity identification and opportunity evaluation. Working in teams, students prototype concepts to address a pressing public health challenge (vitamin D deficiency in youth leading to increased risk of heart and bone disease) and then get immediate feedback from a video of outspoken 10- to 12-year-old children on the desirability of their concepts. The session, which takes only 75 to 90 minutes in its entirety, emphasizes prototyping as a vital process to explore, develop, and evaluate entrepreneurial opportunities. Because of its generalizability, the Prototype-It Challenge has been successfully leveraged to meet learning objectives across diverse teaching environments, including undergraduate, MBA, and executive-level entrepreneurship programs.

The Rich Get Richer and So Can You:Investing in a Billionaires’ Index

Are the rich getting richer? Our data suggest so. Rather than complaining about the unfairness of it all, this article offers a simple approach for the average investor to get richer, too. An index of publicly traded stocks controlled, created, or managed by the world’s wealthiest individuals, known as the Billionaires’ Index, tracks the annual list compiled by Forbes magazine. It doesn’t work every year, but on average, it seems to provide excellent results. Will the new Index work in the future for you?

Music to Our Ears: New Market Creation and Creative Influences in the Popular Music Industry

In a creative industry, what pattern of creative influences increases the likelihood that an artist will pioneer a new market? This longitudinal research examines all major artists in the Popular Music Industry between 1950 and 2008 and their unique creative influences to examine if certain structural positions in the complete network of influences make one more or less likely to be a first mover in new markets. Since 1950, the Popular Music Industry has grown into a

2D and 3D Visualizations of Creative Destruction for Entrepreneurship Education

8 billion dollar a year industry with wealth creation arising from the creation of 193 separate new markets. We apply network analysis to the social structure of the Popular Music Industry to see—do artists who pioneer new markets occupy and exploit distinct structural positions in the influences network? Applying Resource Dependency Theory, we examine each artist‘s structural pattern of creative influences as an idiosyncratic resource base from which to fashion industry-shaping musical innovations. We find that artists who draw from centrally-positioned versus peripherally-positioned artists/creative influences are more likely to pioneer new markets.

Mapping the Multi-Industry Terrain of Nanotechnology Entrepreneurship

Creative destruction–the creation of new industries and the destruction of old industries–is a very abstract concept. Those teaching entrepreneurship, where creative destruction is a central feature, often struggle to communicate the dynamism of industry evolution where industry disruption can yield innovation, entrepreneurial opportunities and new wealth. This paper examines the application of human-computer interaction (HCI) and specifically information visualization to entrepreneurship education, a specialized area of business education. We create and evaluate different 2-D and 3-D visualizations of industry evolution in the Popular Music Industry between 1951 and 2008 to determine which visualizations correspond to superior comprehension of creative destruction. Particularly, our challenge was to represent the emergence of 13 major markets and 193 submarkets in the context of six decades of music industry evolution and disruption. The results suggest information visualization is a resource for entrepreneurship education and that significant improvements can be made over current idiosyncratic methods of representing industry evolution.