What is The Entrepreneurial Experience?

Every semester the University of Baltimore offers a survey course titled “The Entrepreneurial Experience.” In this course students are introduced to a variety of concepts related to the different phases of new venture creation including discussions relating to ethical, international and legal issues. This course is open to all University of Baltimore and Maryland Institute College Art students.

Here are some photos from Entrepreneurship Professor Tiago Ratinho’s spring 2015 class during their business idea pitches. After they all pitched their ideas the students huddled with the student presenter that they thought were most viable business. In May, each group made up of three to four students will present their Business Models during a public forum.

Good luck to all of these student entrepreneurs.

 

 

 

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Do entrepreneurs share a common strategy?

Entrepreneurship researchers have often conceptualized new venture development as a planned endeavor. This view holds that entrepreneurs develop business ideas based on forecasts of markets and industry future behavior; they set out a goal, devise ways of achieving it while building fences against competitors.

Recently, other views emerged suggesting that Entrepreneurship is essentially an emergent process and that entrepreneurs often disregard predictive information in favor of building on their current means and resources. Similarly, seeking partnerships is preferred to analyzing competitors and seeking market share.

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Together with Dr. Jeroen Kraaijenbrink, my research shows that there is more nuance than merely opposing views. A thorough analysis of archival business using as means to obtain business support from a Technical University, we see that often entrepreneurs combine forecast with insight, look at competitors as much as they build partnerships, and make do with they have at hand while defining future goals. We have presented this research in three international conferences and are currently working on an academic journal publication.

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