Friday Morning Plenary Review: Global Pioneers
By David Tomczyk
At 8:30 in the morning, one of the last things you expect to hear is bagpipes. However, this unusual opening indicated the merging of cultures at ICSB - a theme carried throughout the opening plenary session. Dr. Charles Matthews began the proceedings with a welcome to Cincinnati, especially for the 130 first-time delegates to ICSB. This welcome was echoed warmly by Gregory Williams, the President of the University of Cincinnati, and the Honorable Mark Mallory, mayor of Cincinnati. It's clear why Cincinnati was chosen for this year's meeting; the city is actively developing and expanding small businesses throughout all of its 52 neighborhoods. Annette St-Onge, the President of ICSB, continued the greetings, recognizing the delegations from around the world and representatives of the ICSB affiliates. An indication of the importance of small business and entrepreneurship, this year's conference has over 350 people covering more than 50 countries. In fact, entrepreneurship is on the rise globally and is receiving more attention from governments and international organizations, of which ICSB is an active part. No plenary is complete without an engaging and thought-provoking keynote speaker, and Amy Wilkinson delivered wonderfully. Before talking about technological changes and their impacts on business models, Ms. Wilkinson set the stage by describing how technology permeates our lives. For example, one out of every eight couples in the U.S. meet online, and more content is uploaded to YouTube in 2 months than the past 60 years of programming on ABC, NBC, CBS (three major television networks in the U.S.) combined. She then introduced examples of new business models from web-based companies, such as PayPal, YouTube, and Yelp. And it is not just the businesses that are changing; new entrepreneurs are changing as well. For example, Ms. Wilkinson noted that failure is no longer something to be avoided at all costs; rather, limited amounts of failure are not only accepted, but also expected. With such changes, we as educators and policy makers must have a challenge before us of accommodating and incorporating these changes in developing future entrepreneurs.
Value-added: Research Opportunities with the PSED and Teaching Case Studies
By Michael Battaglia
Two popular afternoon workshops on Friday included theTeaching Case Exchange Workshop: Integrating Cultural, Social and Economic Contexts into Writing Cases andResearch Opportunities with the Panel Study of Entrepreneurial Dynamics (PSED): An Introduction. The Teaching Case Exchange workshop, first presented at the 2010 USASBE Conference in Nashville, TN USA, is a joint initiative of USASBE and ECSB that presents a case writing model integrating an American and European perspective. The workshop highlighted the key approaches to be taken when writing case studies and how they can be used to maximize the learning experience for students. The workshop is an integration of successful models that have already been presented at USASBE conferences and in Europe as part of the RENT (ECSB) Conferences. A unique aspect of this workshop is its focus specifically on the relevance of 'cultural context' in writing and teaching with cases in entrepreneurship. Please visit http://www.icsb.org/know_dialog.asp for more information as well as a database of case studies used in Jeff’s and Tom’s classrooms. Dr. Paul Reynolds, Co-Principal Investigator of PSED I and II, was the chair of yesterday’s PSED workshop and provided detailed descriptions of business creation in the United States as seen in the PSED cohorts. Both cohorts are representative samples of U.S. nascent entrepreneurs and serve as the only sources of longitudinal information on national samples of business creation in the United States. The PSED I sample is based on screening completed in 1998-2000 and the PSED II sample was identified in 2005-2006; there have been three annual follow-up interviews with both cohorts. These public data sets are available online atwww.psed.isr.umich.edu. Dr. Reynolds addressed the many factors and processes associated with implementation of a profitable new business and interacted with participants with engaging dialog concerning how to get involved. The two PSED data sets provide extensive opportunities for analysis and allow scholars to develop their own work. The workshop also touched on research protocol, description of the data sets, a review the issues critical for the analysis, and discussion of some preliminary findings. The PSED workshop at ICSB 2010 is a preview of an upcoming event at the George Washington University in Washington, DC from October 14-16, 2010 titled, Global Entrepreneurship: The Latest Research on Business Creation. This event and symposium is designed for scholars analyzing longitudinal data sets on business creation as well as scholars designing and implementing longitudinal studies of business creation to learn from the experiences of those who have already implemented such panel studies. Submit a working paper no later than 01 September 2010 to icsb@gwu.edu.
Innovation: Fostering SME Growth
By Maureen Joudrey
The theme for this year’s ICSB World Conference, “Entrepreneurship: Bridging Global Boundaries”, speaks to the importance of bringing together like minded individuals to foster growth in the industry of small business and entrepreneurship. As a key driver of entrepreneurship and growth, innovation is a hot topic that was discussed on Friday during the luncheon keynote address and parallel workshop sessions. Mr. Doug Hall, professional inventor, researcher, author, and Founder of Eureka Ranch, first introduced the topic during his luncheon keynote address. Through his address, Mr. Hall described the key success factors for creating smart choices for growth. His talk centered on the notion that innovation is a systematic approach following three steps: create, communicate, and commercialize. The key points that were brought out during the presentation included the importance of communicating your true benefits and uniqueness to your customers as well as the positive impact that creating an innovative culture has on an organization. Mr. Hall also outlined 10 of his key research areas of interest so that he could connect with delegates completing research in similar areas. The topic continued into the first afternoon parallel track sessions with a workshop titled “Open Innovation” facilitated by Oyvin Kyvik from ESCI-Universitat Pmpeu Fabra. This workshop explored the idea of open innovation as a method of growth by encouraging information sharing with other SMEs on new innovations. Exploring the definition of open innovation and its implications, the workshop challenged audience members to consider whether the topic being presented was open innovation or entrepreneurship. Key discussions not only confirmed the benefits of open innovation, but also brought forth questions of whether or not open innovation is a goal that SMEs should work towards, or a means to achieve a goal. Luca Iandoli from the University of Naples Federico II also discussed how to utilize Web 2.0 Tools to wire open innovation within SMEs.
All Conference Luncheon: 11:45 – 13:15
Room: Pavilion/Caprice (4th Floor)
Keynote: Dr. Christopher Thoen, Managing Director, Global Open Innovation, P&G
Journal of Small Business Management (JSBM) Reviewer Workshop for Younger Researchers
13:30 – 14:45 in Salon M
Chair: David Smallbone, Small Business Research Centre, Kingston University
ICSB World Conference Gala Dinner: 17:50 – 23:30
(Black Tie Optional Event)
Hilton Netherland Plaza Hotel - Hall of Mirrors (3rd Floor)
Don’t forget to visit the Exhibitors Area and thank them for their valued participation!
Thank You to Our Sponsors! | Procter & Gamble, VISA, Dell Inc., University of Cincinnati, George Washington University, Northern Kentucky University, The Center for Entrepreneurship Education & Research at the University of Cincinnati, Cincinnati Bell Technology Solutions (CBTS), Direct Selling Education Foundation (DSEF), Entrepreneur Media Inc., National Federation of Independent Business (NFIB), U.S. Small Business Administration, Kansas State University, University of Illinois - Chicago, Cat Creatives
Did You Know? Conference Tidbits | ICSB 2011 will be held in Stockholm, Sweden – June 15-18. Please visitwww.icsb2011.org for more information. |