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Full-Text Articles in Entrepreneurial and Small Business Operations

Notes From The Dean: Creating Value By Being Entrepreneurial Oct 2019

Notes From The Dean: Creating Value By Being Entrepreneurial

Business Exchange

Driehaus College of Business Dean Misty Johanson discusses developments at the college centered on entrepreneurship and the college's 2024 Strategic Plan: Connection, Culture and Commitment.


Faculty Focus: New Coleman Chair Sees Entrepreneurship As An Agent For Social Change Oct 2019

Faculty Focus: New Coleman Chair Sees Entrepreneurship As An Agent For Social Change

Business Exchange

Maija Renko, Coleman Foundation Endowed Chair in Entrepreneurship, joined DePaul in July 2019 and hopes to inspire students interested in starting businesses that create social change.


Accelerator Drives Women Entrepreneurs' Success Oct 2019

Accelerator Drives Women Entrepreneurs' Success

Business Exchange

This article discusses how the Women in Entrepreneurship Institute in the Driehaus College of Business came to be and profiles several committee members, entrepreneurs in the program, curriculum and networking opportunities.


Fintech Projects And Initial Coin Offerings: A Research Note, Andrea Moro, Dao Wang Oct 2019

Fintech Projects And Initial Coin Offerings: A Research Note, Andrea Moro, Dao Wang

The Journal of Entrepreneurial Finance

We explore the determinants of success of Initial Coin Offerings (ICO) defined as whether the ICO was successful in raising the funds. We look at financial and technical information disclosed by the ICO as well as the information disclosed by third parties about the ICO and the level of legal protection granted. We discover that even if both hard information (financial and technical) and soft information (social media and legal protection) matter, nevertheless a more relevant role is played by the technical information. Based on our analysis, we identify areas that need further investigation in the context of ICOs.


2019 Annual Platform Survey: Tackling Undeclared In The Collaborative Economy And Bogus Self-Employment, Data Exchange And Data Protection, And Cross-Border Sanctions, Colin C. Williams Oct 2019

2019 Annual Platform Survey: Tackling Undeclared In The Collaborative Economy And Bogus Self-Employment, Data Exchange And Data Protection, And Cross-Border Sanctions, Colin C. Williams

Colin C Williams

This survey collected information from EU Member States, as well as Iceland and Norway, on three issues:
 Tackling undeclared work in the collaborative economy and bogus self-employment.
 Data exchange and data protection.
 Cross-border sanctions.
Of the 28 Platform members from EU Member States as well as Iceland and Norway, 28 out of 30 responses were received. In addition, the European Trade Union Confederation (ETUC) provided qualitative feedback on the role of social partners and their cooperation with enforcement authorities to tackle undeclared work in the areas covered by the survey.


Overview Of Drug Development, Nalaka Gooneratne Oct 2019

Overview Of Drug Development, Nalaka Gooneratne

Academic Entrepreneurship for Medical and Health Scientists

  • Drug development costs range from $2 to $3 billion and may span from 7 to 12 years.

  • Beginning with drug discovery, key steps in the process include preclinical testing, Phase 1–3 clinical trials, FDA New Drug Application (NDA) approval, and subsequent Phase 4 clinical research.

  • Academic entrepreneurs should understand the unique needs of each phase and their potential role in the process, as well as the services their academic medical center can provide.


The Prosperity Paradox, A Review, Ryan Stenquist Oct 2019

The Prosperity Paradox, A Review, Ryan Stenquist

Marriott Student Review

No abstract provided.


"Flourish" By Martin Seligman, A Review, Sarah J. Cummings Oct 2019

"Flourish" By Martin Seligman, A Review, Sarah J. Cummings

Marriott Student Review

In my MCOM 320 class we had to do a book report. I chose a book called "Flourish" because it interested me. Little did I know how much it would end up helping me during my college experience.


Nine Things Successful People Do Differently, A Review, Ben Randle Oct 2019

Nine Things Successful People Do Differently, A Review, Ben Randle

Marriott Student Review

“Nine Things Successful People Do Differently” by Heidi Grant Halvorson is a short informational business book that cuts right to the chase. Halvorson successfully synthesizes different behavioral research studies to offer tips on exactly what her title describes: things successful people do differently.


Podcast Spotlight: Noella Moshi And Misan Rewane On Wave, Mark Sherman Oct 2019

Podcast Spotlight: Noella Moshi And Misan Rewane On Wave, Mark Sherman

Marriott Student Review

No abstract provided.


Buzzwords, Ryan Stenquist Oct 2019

Buzzwords, Ryan Stenquist

Marriott Student Review

No abstract provided.


Editor's Letter, Marianna Richardson Oct 2019

Editor's Letter, Marianna Richardson

Marriott Student Review

No abstract provided.


Plastic Bags And Bamboo Stools, Grace R. Bithell Oct 2019

Plastic Bags And Bamboo Stools, Grace R. Bithell

Marriott Student Review

This paper conducts a critical analyses of microfinance institutions. It gives an overview of the complexities of credit in developing countries and shows how microfinance fits into the equations. It discussed the successes and failures of microenterprises in trying to alleviate poverty. It also delves into best practices pertaining to lending to the poor and how microfinance is impacted by culture in developing nations.


Student Athletes: A Scholarship Is Not Enough, Hunter Vance Oct 2019

Student Athletes: A Scholarship Is Not Enough, Hunter Vance

Marriott Student Review

No abstract provided.


Does Spotify Really Hurt Artists?, Daniel Witt Oct 2019

Does Spotify Really Hurt Artists?, Daniel Witt

Marriott Student Review

For years, members of the music industry have debated whether music streaming services like Spotify help or hurt artists. This article explores the pros and cons of music streaming and argues that overall, Spotify and services like it are helping artists to achieve their career goals.


Crowdfunding Challenges For New Charity Organizations, Katherine M. Lowe Oct 2019

Crowdfunding Challenges For New Charity Organizations, Katherine M. Lowe

Marriott Student Review

A look into the complicated and competitive world of nonprofit fundraising in the modern world. With a special emphasis on the struggles new nonprofits face in differentiating their services and attracting donors through online crowdfunding.


Brexit: Uk's Savior Or Downfall?, Amelia Charles Oct 2019

Brexit: Uk's Savior Or Downfall?, Amelia Charles

Marriott Student Review

No abstract provided.


Strive To Survive: The Redbox Example, Jake N. Conlin Oct 2019

Strive To Survive: The Redbox Example, Jake N. Conlin

Marriott Student Review

As technology continues to progress, companies can either adapt with technology or die. Advancements in technology should be used to better satisfy consumers. Companies that refuse to update their technology will not be able to survive in the future. Each company must make the most of its current technology, utilize new technology, and notify its customers of changes in its use of technology. Redbox finds itself at the crossroads of adapting or dying. Redbox can apply these three steps by milking its existing disc rental market, making the move to streaming, and marketing the new streaming service to consumers.


Full Issue: Undaunted (Volume 3: Issue 2), Marianna Richardson Oct 2019

Full Issue: Undaunted (Volume 3: Issue 2), Marianna Richardson

Marriott Student Review

No abstract provided.


Clinical And Translational Science Awards, Barbara Coons, Nalaka Gooneratne Oct 2019

Clinical And Translational Science Awards, Barbara Coons, Nalaka Gooneratne

Academic Entrepreneurship for Medical and Health Scientists

  • Clinical and Translational Science Awards (CTSA) are large federal grants provided to an academic institution that support education and infrastructure relevant to translational science.

  • CTSA site services, training, and pilot grant funding can benefit researchers at any stage of their career, from trainees to faculty.

  • While all CTSA-funded programs offer support for research and training, the focus and services offered vary by institution.


Intrapreneurship: Strategic Approaches For Managing Disruptive Innovation In Clinical And Research Projects, Amanda Ackermann, Flaura Winston Oct 2019

Intrapreneurship: Strategic Approaches For Managing Disruptive Innovation In Clinical And Research Projects, Amanda Ackermann, Flaura Winston

Academic Entrepreneurship for Medical and Health Scientists

  • Academic research and intrapreneurship share many similarities with entrepreneurship but take place within a larger organization.

  • Academic innovation depends on creative problem-solving, risk-taking, and resiliency.

  • Personal and financial resiliency are important attributes of a successful academic entrepreneur and can be cultivated through strategic planning.

  • An organization’s culture of support for innovation, tolerance for failure, and financial resiliency all contribute to promoting the success of academic entrepreneurs.


Innate Biases, Elana Meer Oct 2019

Innate Biases, Elana Meer

Academic Entrepreneurship for Medical and Health Scientists

  • Entrepreneurs face a host of innate biases that inhibit their ability to make optimal and objective decisions under conditions of uncertainty.

  • Biases include overconfidence bias, illusion of control bias, anchoring and adjustment bias, confirmation bias, curse of knowledge bias, and optimism bias.

  • Through awareness, collaboration and inquiry, open discussion, and the deliberate challenging of consensus, entrepreneurs can mitigate these innate biases.


Iowa Farm Energy Working Group, Carole Yates, Kamyar Enshayan Oct 2019

Iowa Farm Energy Working Group, Carole Yates, Kamyar Enshayan

Kamyar Enshayan

The Farm Energy Working Group’s demonstration grants, field days and presentations by Iowa farmers helped show what can be done on the farm to increase energy efficiency and rely on renewable energy.


Strategic Planning And Costs Of Fda Regulation, Jason Van Batavia, Seth J. Goldenberg Sep 2019

Strategic Planning And Costs Of Fda Regulation, Jason Van Batavia, Seth J. Goldenberg

Academic Entrepreneurship for Medical and Health Scientists

  • The regulatory burden for medical device innovation varies based on the specific Food and Drug Administration (FDA) pathway required, and early strategic planning for this regu­latory burden is critical.

  • The regulatory strategy and milestones must be integrated with other key components of the innovation process and informed by an understanding of and/or direct communication with all the stakeholders involved, including the customer, engineering/manufacturing team, research and development team, safety/regulatory bodies, the potential payers, and investors.

  • While it is almost never too early to initiate contact with the FDA, inquiries through 513(g) petitions or pre-submission meetings ...


Sbir/Sttr Grants: Application Guidance, Elliot Stein, David Lee, Nalaka Gooneratne Sep 2019

Sbir/Sttr Grants: Application Guidance, Elliot Stein, David Lee, Nalaka Gooneratne

Academic Entrepreneurship for Medical and Health Scientists

  • Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) grants provide a valuable opportunity to receive non-diluting capital.

  • The process of applying for an SBIR/STTR grant has several steps and can take months to complete.

  • SBIR/STTR proposals take the form of typical grant proposals, except the former are shorter and have a lower requirement for preliminary data.

  • An academic entrepreneur should not expect to receive SBIR/STTR funding on their first attempt at a proposal.

  • There are several common pitfalls during the application process, and careful consideration of these issues can substantially improve an application.


Conducting Insightful Market Research, Michael Sosnowski Sep 2019

Conducting Insightful Market Research, Michael Sosnowski

Academic Entrepreneurship for Medical and Health Scientists

  • Market research can complement early design work, assist with fine-tuning features and pricing, help attract investors, and suggest new directions to explore.

  • It is critical to know where a startup is in the design process, from whom it wants feedback, and what it intends to do with the data gathered.

  • As a general framework, it is useful to think in terms of three main blocks of the product development life cycle—early stage, middle stage, and late stage.

  • Consider seeking help from research professionals whenever possible. There are many measurement-oriented and other practical considerations to account for, and a number ...


Human-Centered Design: Understanding Customers’ Needs Through Discovery And Interviewing, Helge Hartung, Sarah Rottenberg Sep 2019

Human-Centered Design: Understanding Customers’ Needs Through Discovery And Interviewing, Helge Hartung, Sarah Rottenberg

Academic Entrepreneurship for Medical and Health Scientists

  • 90% of new products fail as a result of a disconnect between what the customer wants and what the company thinks the customer wants.

  • Human-centered design aims to narrow the gap between customer and company through a deeper understanding of customers and their needs, motivations, and desires.

  • Human-centered design is an iterative process: investigate, ideate, iterate, and implement.

  • Design research focuses on the deep story—to understand the many, deeply understand a few.

  • Human-centered design is a team sport and is learned in the field, with an emphasis on qualitative data collection.


I-Corps As A Training Tool For New Technology Development, Annette Krysiewicz, Tomas Isakowitz Sep 2019

I-Corps As A Training Tool For New Technology Development, Annette Krysiewicz, Tomas Isakowitz

Academic Entrepreneurship for Medical and Health Scientists

  • Innovation Corps is a program developed by the National Science Foundation where university scientists and students learn entrepreneurial skills that enable them to take their research be­yond the laboratory and discover the commercial potential of their innovation.
  • I-Corps Sites, located at several universities, offer shortened curricula to qualify teams for participation in the national I-Corps program (NSF I-Corps Teams).

  • The core topics covered in I-Corps Sites’ curricula teach teams about the importance of cus­tomer discovery; the teams are expected to leave the lab and personally interview 20+ potential customers to determine their product-market fit.


A Seat At The Table: Special Considerations For Women And Underrepresented Groups In Academic Entrepreneurship, Linda Fleisher, Alexandra Marquez Sep 2019

A Seat At The Table: Special Considerations For Women And Underrepresented Groups In Academic Entrepreneurship, Linda Fleisher, Alexandra Marquez

Academic Entrepreneurship for Medical and Health Scientists

  • Women and marginalized groups are underrepresented in STEM-related and entrepreneurial fields

  • These populations face many challenges in these fields, including:

    ○ Finding funding sources for their project and/or lacking knowledge of where to obtain funding

    ○ Risking their academic standing if their project is not based on incentives deemed as academic

    ○ Conscious and unconscious bias

    ○ Lack of diverse groups in review and decision-making roles

    ○ Limited access to experienced mentors


Negotiation Strategies, Anthony Martin, Eric Max Sep 2019

Negotiation Strategies, Anthony Martin, Eric Max

Academic Entrepreneurship for Medical and Health Scientists

  • Preparation is key for a successful negotiation. Be sure to create a prioritized list of the objectives and try to predict the other side’s prioritized list of objectives. Which objectives align on both sides, and which do not?

  • Research industry standards to serve as a reference point.

  • Determine what your strongest leverage factors are and try to predict the other side’s lev­erage. Who has more freedom to walk away from the deal?

  • Negotiating with startup cofounders is important for determining the fair distribution of equity and any intellectual property (IP) rights based on product conceptualization, exper­tise ...