Thursday, November 21 at 1:00 p.m. in Dolan E133.
Colin K. Drummond, PhD, MBA. Department of Biomedical Engineering, Case Western Reserve University.
Entrepreneurship is an area of importance to business leaders, educators, politicians, and individual members of the society. It is a driver of economic development and wealth creation in organizational units ranging in size from the individual company to entire nations. Many people trivialize “entrepreneurship” by making the incorrect assumption that having an idea is the same thing as an “opportunity” and that wealth is created through the singular efforts of a “workaholic, risk-taking, daring, over-achieving entrepreneur” who starts and leads a company. The latter (flawed) vision has influenced many individuals to become entrepreneurs, starting businesses that do not provide value to the customer or sustainable competitive advantage to drive business growth (or even initial success). This talk is not about the stereotype of the entrepreneur as an individual, but on the “entrepreneurial thinking” – specifically “things I wish I learned in college” — whether or not such a mindset takes place in new or existing firms, or in small or large firms.