Corporate Entrepreneurship: The Power of Creativity and Passion in a Crisis

Corporate Entrepreneurship: The Power of Creativity and Passion in a Crisis

Corporate Entrepreneurship: The Power of Creativity and Passion in a Crisis

Friday, February 11, 2021, by Dr. Alex F. DeNoble, Ph.D

Executive Director, Lavin Entrepreneurship Center San Diego State University

 

Let’s not pretend that things will change if we keep doing the same things. A crisis can be a real blessing to any person, to any nation. For all crises bring progress.

Albert Einstein

 

I recently attended the 2022 annual meetings of the United States Association for Small Business and Entrepreneurship (USASBE) in Raleigh North Carolina.  A number of years ago, USASBE developed a new program innovation called Learning Journeys.  Each year, the conference is held in a different city and the local hosts would organize a number of outings to give conference participants an overview of local entrepreneurship points of interest. This year, I happened to go on the Arts and Entrepreneurship Learning Journey. It was during this tour that we made a stop at the Raleigh Little Theatre. During the visit, our group had the opportunity to hear from Executive Director, Heather Strickland.

 

Heather explained that the “Little Theatre” movement began in the early 1900’s as a way to broaden the reach of theatre as an artform to all segments of society. Little Theatres then began to crop up in communities throughout the country.  The Raleigh Little Theatre began operations in 1936 and has been running ever since. The Raleigh Little Theatre operates through financial support from public and private grants. philanthropy and a cadre of community volunteers involved in all facets of the production process.

 

During her presentation, Heather discussed the crisis that the group experienced at the onset of the COVID-19 pandemic. As one can imagine, the city ordinance requirements hit the Raleigh Little Theatre pretty hard. They could not hold in person events and hence had no way of continuing their traditional operations. This is when the leadership team unleashed their creativity and passion to imagine a way forward. Their solution: old time radio productions!  During the 1940’s and 1950’s, this is how large segments of the population received their entertainment. Families would gather around the radio at  predetermined times to listen to stories such as Orson Wells’ epic tome “The War of the Worlds”.   A suggestion was made by one of the directors to stage our own version of “old time radio”.  It was during the September / October timeframe leading up to Halloween. So the group made a commitment to produce a series of shows based around Edgar Allen Poe’s stories and poems. Using this approach, actors could lend their voice and other production specialists could work remotely. People within the community and even around the country could subscribe on a “pay as you can” basis. Even the education sub-group within the Raleigh Little Theatre community was able to get involved. The bottom line to this story is that the program was so successful that they are now considering radio show productions as a permanent addition to their portfolio of programs.

 

So why would I share this story in a featured monthly article series devoted to corporate entrepreneurship?  In my first article in this series, I underscored the urgency for corporate entrepreneurship, especially in today’s environment. I talked about a punctuated equilibrium situation where an exogenous factor can suddenly impact an ecosystem. For the Raleigh Little Theatre, the impact of COVID-19 and the ensuing social distancing mandates was profound. They simply could not conduct business as usual. But their solution, originally intended as a stop gap measure, was innovative and inspirational. The community embraced it. People from outside of the Raleigh geographic area subscribed to the streaming broadcasts. But best of all, the Raleigh Little Theatre now has a new program to add to their portfolio. Thank you Heather for sharing such an inspirational story of how dreaming and behaving like an entrepreneur can lead to amazing new business opportunities.

 

 

 

 

Rethinking the Entrepreneurial University and all that Jazz: The Campus Radio, Edutainment, and Youth Development

Rethinking the Entrepreneurial University and all that Jazz: The Campus Radio, Edutainment, and Youth Development

Rethinking the Entrepreneurial University and all that Jazz: The Campus Radio, Edutainment, and Youth Development 

Monday, January 11, 2021 Dr. Nnamdi O. Madichie

Rethinking the Entrepreneurial University and all that Jazz: The Campus Radio, Edutainment, and Youth Development 

Monday, January 11, 2021

In putting this opinion piece together, I would like to start with an important question. 

How can universities demonstrate entrepreneurialism beyond the usual suspects? 

What are these usual suspects? Commercialisation of research? Navigating uncharted waters? And relevant to the current pandemic climate – is all about developing a vaccine and providing scientific advice? 

No disrespect to the good job of global players providing intelligence on vaccines and communicating numbers on the “R” rates – John Hopkins University, Imperial College, and Oxford University, to name just a few. While universities play a big role in saving lives, there is also the need for preserving livelihoods. 

As a social scientist, my interest in this article takes a slightly different perspective that hinges upon the humane entrepreneurship narrative and the 4Es empathy, equity, enablement and empowerment that have been at the core of the ICSB – especially concerns over enabling and empowering the youth with a view to serving the full social purpose of universities. (Read more…).

Sustainable start-up: Between candor and big lies

Sustainable start-up: Between candor and big lies

Sustainable start-up: Between candor and big lies

Wednesday, December 2, 2020

(This is a case study based on real proceedings. Names have been anonymized, and organizational contexts and events have been disguised. Any similarity to real institutions and organizational contexts is coincidental.)

Sustainable start-up: Between candor and big lies

Wednesday, December 2, 2020

(This is a case study based on real proceedings. Names have been anonymized, and organizational contexts and events have been disguised. Any similarity to real institutions and organizational contexts is coincidental.)

Start-ups are tricky and not least so in the wicked world of tech sustainability.

This story is about a young engineer suddenly finding herself immersed in an entrepreneurial setting where she struggles to balance her idealistic vision of sustainable technology solutions with the hardcore realities of business-as-usual.  

Entrepreneur, oh really?

I´m a millennial who grew up between the US, Denmark, and Spain, and ended up studying chemical engineering in Copenhagen. I did my master’s in biotechnology and then gained my Ph.D. in Materials Science in Barcelona based on a project funded by the Spanish Research Council. I defended my thesis about a year and a half ago based on research on the interface between biology and materials science, using surface modification to control cell behavior.

I´ve always been curious, but I never thought about or planned to become an entrepreneur. Though I´ve heard plenty about it since my parents rarely had “real jobs”, rather, traditional employment like most other parents, but instead always talked about projects, cash flow (or lack of it), and start-up opportunities. They always told my siblings and me about the joy of doing what you want and when you want. And particularly the latter stuck with me (Read more…).

JSBM Special Issue: Humane Entrepreneurship from Research to Practice

JSBM Special Issue: Humane Entrepreneurship from Research to Practice

JSBM Special Issue: Humane Entrepreneurship from Research to Practice

Wednesday, July, 15, 2020

Humane Entrepreneurship from Research to Practice

The UN Declaration of the Micro and Small Business (MSMEs) Day, spearheaded by the International Council for Small Business (ICSB), has been a critical milestone in the fulfillment of ICSB’s mission to support entrepreneurs and small business is progressing towards inclusive economic growth. The Declaration, while highlighting the complexity and the multidimensionality of the entrepreneurial role, recognizes the role of MSMEs in the achievement of the UN – Sustainable Development Goals (SDGs).

The ICSB Forums held at the United Nations Headquarters in New York, together with the organization of a broad portfolio of congresses and conferences all around the world, have been valuable opportunities to connect and celebrate organizations and individuals committed to helping MSMEs move in the direction of creating more decent jobs while protecting the environment as well as their local communities. This movement fostered a new type of research activity around the concept of the Humane Approach to Entrepreneurship. In particular, thanks to the pioneering work of Prof. Ki-Chan Kim and Ayman El Tarabishy, an international group of researchers was assembled to define the concept (humaneentrepreneurship.org) better. This was intended as a model for firms’ growth based on entrepreneurial orientation, leadership, and fair human resource management. Furthermore, in a pair of articles published by JSBM (56-S1, 2018), the Humane Entrepreneurship concept was at first defined as a means to create both financial wealth and new high-quality jobs (Ki Chan et al., 2018), and, subsequently, as a strategic posture defined by the capability to provide leverage on Entrepreneurial Orientation, and at the same time,  on orientation towards executive and employees welfare and orientation towards social and environmental sustainability (Parente et al. 2018, Parente et al. 2020).

Today, management and entrepreneurship research is theory-driven to a much larger extent. A significant challenge for Humane Entrepreneurship research, therefore, is to prove the existence of Human Entrepreneurship Orientation (HumEnt) and define a measurement scale for performing analysis with a solid theoretical grounding. This special issue is a starting point to make suggestions as to exactly how this should be done. We do note, however, that strategy research increasingly deals with dynamic issues that are mostly entrepreneurial. Potentially, Humane Entrepreneurship research can find its ideal habitat within these proactive approaches in strategy research.

The focus on orientations is a well-grounded perspective from which to study entrepreneurship at the firm level (Miller and Friesen, 1982; Covin and Slavin, 1991; Lumpkin and Dess, 1996), and is in line with the Theory of Planned Behaviour (TBP) (Ajzen, 1991), which states that behavioral intentions guide our decision pathways.

From this point of view, Humane Entrepreneurship (HumEnt) can be viewed as a strategic posture that inspires new forms of entrepreneurial strategies for wealth creation (Ireland and Al, 2001). This can be compared to the triple bottom line approach that argues for jointly optimizing social, environmental, and economic returns (“people, planet, profits”). The inventor of that concept, John Elkington, recently noted that scholars and managers have struggled to operationalize it productively. Interestingly, his proposed operationalization looks much like the theme of humane entrepreneurship offered here (Kraaijenbrink, 2020 .) Another even older approach is from EF Schumacher’s classic Small is Beautiful: A Study of Economics as if People Mattered that argued that while humans enable any system, should systems also enable humans? One needs entrepreneurial thinking to make that happen. To Elkington’s point, how do we move from trade-offs between his 3 Ps toward synergies?

The concept of HumEnt as a new theoretical construct has its roots in well-established fields of studies in Management and Entrepreneurship. One of the primary inspirational sources can be found within Corporate Social Responsibility (CSR), a conceptualization that captures the idea that corporations have not only economical (and legal) obligations but some ethical and discretionary (philanthropic) responsibilities as well (Carroll, 1991). The CSR influence on the strategic entrepreneurship theory is not new at all; an example can be found in Hitt et al. (2011), where they argued that successful strategic entrepreneurial activity should create value for customers, stockholders, and other stakeholders.

From a broader perspective, the Humane Entrepreneurship concept is in line with a philosophical line of thought that argues over the influence of ethical dimensions in the emergence of orientations and behaviors of economic agents. Even if traces of this discourse can already be found in the works of enlightenment philosophers that defined the field of economy as a new scientific field in the 18th century,  more recently, there has been a rising interest in the role of ethics in management. The ethics perspective has to lead to a fine-grain distinction between immoral, amoral, and moral orientations in management (Carroll, 2001), while more recent work introduced the difference between egotistic, altruistic, and biospheric orientation (De Groot and Steg, 2008). On a positive side, Humanistic Management emerged as a managerial (and possibly entrepreneurial) orientation characterized by “management which emphasizes the human condition and is oriented to the development of human virtue, in all its forms, to its fullest extent” (Melé 2003).

Humane Entrepreneurship, as a strategic posture, is still in its infancy state and, similar to concepts focusing on entrepreneurship at the firm-level, needs an effort of clarification about the epistemology of firm-level orientations, real entrepreneurial events, and organizational performances, and the structure of the links between them (Kantur, 2014).

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Special Issue Editor(s)

KiChan Kim, Catholic University
kckim.kckim@gmail.com

Roberto Parente, Salerno University
rparente@unisa.it

Alex DeNoble, San Diego State University
adenoble@sdsu.edu

Jeffrey Hornsby, The University of Missouri–Kansas City
hornsbyj@umkc.edu

Launch of the ICSB 2020 Global MSMEs Report

Launch of the ICSB 2020 Global MSMEs Report

Launch of the ICSB 2020 Global MSMEs Report

Saturday, June, 27, 2020

Upon spending time considering and analyzing the pre-existing conditions, especially those that have been exploited due to the stress of COVID-19, at our MSMEs Day Celebration today, we feel prepared to continue the conversation.

To dive deeper into the individual facets of MSME realities, we must create platforms that uplift and highlight MSMEs. We are beyond excited to announce that we will have released our 2020 ICSB Global MSMEs Report. This compilation not only expands our discussion, but it also provides us with a physical representation of our community. Within the pages of the Global MSMEs Report, our community’s members share their stories, be that in the form of their research or their experience. This report represents the true diversity and uniqueness in entrepreneurial activity and small business perspectives dependent on location. 

Written with MSME owners, employees, and supporters in mind, our annual report is a our ICSB’s community gift to MSMEs. MSMEs represent more than our economic core, they represent us as individuals. MSMEs represent our drive, passion, and perseverance. This report, therefore, is a time capsule. It works to both represent where we are in the world and demonstrate to readers from where we are moving forward. I am honored to release to you the 2020 ICSB Global MSMEs Report. 

Sincerely,

Dr. Ayman El Tarabishy

ICSB Executive Director
GWU Deputy Chair of Department of Management
 
 

 

Click Here to View Report