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Entrepreneurship: An Exciting Research Domain

Entrepreneurship: An Exciting Research Domain. R. Duane Ireland Mays Lunch & Learn November 1, 2016. Multiple Perspectives about Entrepreneurship. Entrepreneurship tends to be thought of as a process

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Entrepreneurship: An Exciting Research Domain

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  1. Entrepreneurship: An Exciting Research Domain R. Duane Ireland Mays Lunch & Learn November 1, 2016

  2. Multiple Perspectives about Entrepreneurship • Entrepreneurship tends to be thought of as a process • Through which newness (in the form of products, processes, & markets) is created (Lumpkin & Dess, 1996) • Through which wealth is created (Schumpeter, 1934) • Through which new organizations are created (Dobrev & Barnett, 2005) • Of organizational creation, renewal, and/or innovation within or outside an existing organization (Sharma & Chrisman, 1999) • By which individuals pursue opportunities without regard to resources they currently control for the purpose of exploiting future goods & services (Stevenson & Jarillo, 1990)

  3. Perspectives about Entrepreneurship – Continued • As a process, entrepreneurship creates value at a minimum of two levels • For firms, entrepreneurship yields • Innovations in the form of products, processes, & administrative routines (Covin & Miles, 1999) • Value for stakeholders, perhaps most visibly for customers & shareholders (Hitt, Ireland, Camp, & Sexton, 2001) • For society, entrepreneurship • Contributes to several outcomes including • Job creation (Birley, 1986) • Technological progress and the revitalization of economies (Zahra, 2005) • The shaping of global cultures (Inglehart & Baker, 2000) • An eclectic phenomenon, scholars from multiple disciplines examine the process of entrepreneurship • Accounting, anthropology, economics, finance, management, marketing, operations management, political science, psychology, & sociology (Ireland & Webb, 2007)

  4. Entrepreneurship & Entrepreneurs • Entrepreneurs (in existing organizations & in start-ups) • Engage in entrepreneurship • In a sense, entrepreneurs seek to • Learn how to adapt to environmental changes • And exploit opportunities that uncertainties associated with environmental changes create (Venkataraman & Sarasvathy, 2001) • In slightly different words entrepreneurs • Assemble & integrate all resources required to • Successfully exploit identified opportunities (Barringer & Ireland, 2016)

  5. Entrepreneurship-Related Research Topics • The number of entrepreneurship-related research questions is virtually endless • Sample questions include • What enables enduring entrepreneurship? • Why are some but not all firms able to consistently renew through entrepreneurship? • How do informal institutions influence entrepreneurship? • What is the role of entrepreneurship in the informal economy? • How can successful patterns of international entrepreneurship be encouraged? • How can entrepreneurial firms successfully identify future market opportunities? (MKT) • What internal processes best facilitate the transfer of entrepreneurial knowledge across organizational units? (SCM) • What types of information & data are of the greatest value to potential investors? (FINC) • What are “best practices” for entrepreneurial firms to use to manage their financial resources? (ACCT) • What is the role of strategic entrepreneurship in conversations about entrepreneurship? • How can we understand competitive dynamics using an entrepreneurship lens?

  6. Est. 1999 Putting entrepreneurship to work

  7. UG certificate @ Mays • Lean startup class • Graduate certificate- cross campus eligibility • Foundations / technology commercialization / negotiations / creativity / leadership / entrepreneurial finance • Cross campus Minor in process

  8. Startup Living Learning Community (Hullaballoo Hall)

  9. What is Blackstone Charitable Foundation? • 20 Universities • Texas (TAMU, UT and UT Dallas) January Grand Opening • Purpose and Benefit to TAMU • Stitching together entrepreneurial ecosystem • Megaphone for programs, events & activities on campus • Want to Get Involved? Need Mentors and Coaches!

  10. Want to Get Involved?Want to help entrepreneurial Aggies? Judge a Competition Sponsor a Prize – Fund a Venture – Award a Scholarship Become a Mentor

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