Universiteit van Amsterdam Syllabus Course: Days and Times: Room: Instructor’s Name: Office Phone: Office Hours: International Entrepreneurship Semester: Spring 2011 Thursdays 7-10pm EC: 5 To be determined dr. Chihmao Hsieh (pronounced ‘shay’) Office Location: REC E2.39 020 525 4789 Tuesdays/Thursdays 1-5pm, or By appointment (I require 24 hours notice.) Dashboard/most info: Please see http://www.chsieh.com/mba-intl-entrep.html -pw: “minor” Questions / comments? Please see http://www.chsieh.com/contact.html COURSE BACKGROUND Objectives: This course covers recent developments in the theory and practice of entrepreneurship as applied in the international context. From a theory point of view, the course develops the perspective of entrepreneurship as a process of opportunity recognition-evaluation-exploitation, a definition which has been generally accepted among entrepreneurship scholars and practitioners (Shane & Venkataraman, 2000). Using this perspective, students will gain an understanding of the issues and challenges of developing and commercializing business ideas that are international by nature. Extended Description: This 7-week course is based on one lecture followed by 6 in-class discussions fueled by Harvard Business School case studies, practitioner articles, as well as scholarly articles. The cases and readings are discussed interactively and intensely, often in ‘breakout’ groups. Homework covers all readings, and can be completed collaboratively in groups. A short paper and a final exam are also required to complete the course. Required Materials: All reading material planned for the semester is provided in a coursepack (i.e. “reader”). The material can also be found at the International Entrepreneurship webpage on http://www.chsieh.com. Instructional Methods: Mostly case-study and discussion. 1 Universiteit van Amsterdam COURSE GRADING The course grade is based on a possible 346 total course points, as follows: Grading: Individual homeworks 156 points total -6 homeworks, with total 36 MC* (1 pt each) and 12 SA (10 pts each) Short paper 70 points total Final Exam 120 points total -40 MC and 8 SA (1 pt, 10 pts, respectively) 45,1% 20,2% 34,7% Homeworks and short paper are due via Qualtrics. If you independently study and understand the material, the short paper and the exam will not be too difficult. All written assignments and exams should be in English. Individual homework. All individual homeworks will be collected via Qualtrics. Each homework will be based on the (upcoming) week’s readings. Homework scores will be returned via an Excel spreadsheet on the International Entrepreneurship webpage at chsieh.com. This spreadsheet will indicate which MC questions you got wrong, but will not provide the correct answers. It is up to you to determine the correct answers. You are allowed to work in groups but then the homework answer must indicate your group’s number. You are not allowed to submit homework with others that are not in your group. Homeworks are due on midnight on the night before the next class period. Late homework assignments are not accepted; Qualtrics won’t allow it. Generally speaking, homework grading is based on 3 criteria, and it's reasonable to say that these are obvious. (1) You have to answer the question that is asked. (2) You have to show that you don't misunderstand the reading material. (3) You have to adequately DEFEND your answer(s). Surprisingly, it's not uncommon that people don't even answer the questions that are asked! That's the easiest way to lose points. Attendance. Attendance is optional. Why? My belief is that if you don’t come to class but you still perform well on everything, then I have no complaints. As long as those who come to class believe the learning experience is valuable, and others also feel that it’s valuable, then I have no complaints. Short paper. Please see the last couple pages of this syllabus. Final exam. Please see the “Readings and homework schedule.” * “MC” stands for Multiple Choice. 2 Universiteit van Amsterdam READINGS AND HOMEWORK SCHEDULE Week #1 (April 7): Fundamentals and crossroads of entrepreneurship and international business: dimensions, concepts, and issues Readings for Week #2: - "Discovery of entrepreneurial opportunities" (Shane, 2003: ch 3). - "Individual differences and the decision to exploit" (Shane, 2003: ch 4). - "How entrepreneurs connect the dots." Academy of Management Perspectives (2006). - "Defining International Entrepreneurship." Entrepreneurship Theory and Practice (2005). - Homework assigned for Week #2 (administered via Qualtrics) ______________________________ Week #2 (April 14): Entrepreneurial opportunity: who discovers and who exploits Readings for Week #3: - "Sittercity." Harvard Business Case (2009).** - "Cognitive biases, risk perception, and venture formation: How individuals decide to start companies." Journal of Business Venturing (1999). - "Uncertainty avoidance and the rate of business ownership across 21 OECD countries." Journal of Evolutionary Economics (2007). - "Disciplined entrepreneurship." Sloan Management Review (2004). - Homework assigned for Week #3 (administered by Qualtrics) ______________________________ Week #3 (April 21): Risk, uncertainty, and culture Readings for Week #4: - "Blue Man Group: Creativity, Life and Surviving an Economic Meltdown." Harvard Business Case (2010). - "Creativity and the role of the leader." Harvard Business Review (2008). - “Explicitly searching for useful inventions." Scientometrics (2011). - "Team diversity and information use." Academy of Management Journal (2005). - Homework assigned for Week #4 (administered by Qualtrics) ______________________________ Week #4 (April 28): Creativity and small teams Readings for Week #5: - "Opportunity discovery, problem solving, and a theory of the entrepreneurial firm." Journal of Management Studies (2007). - "The selection of communication media as an executive skill." Academy of Management Executive (1988). - "Testing media richness theory in the new media." Information Systems Research (1998). - "Cross-cultural comparison of organizational media evaluation and choice." Journal of Communication (1998). - Homework assigned for Week #5 (administered by Qualtrics) 3 Universiteit van Amsterdam ______________________________ Week #5 (May 12): Complexity, communication channels, and culture Readings for Week #6: - "ttools." Kellogg Business Case (2006). - "Appropriating the returns from industrial research and development." Brookings Papers on Economic Activity (1987). Please read only pp 783-813. - "The value captor's process." Harvard Business Review (2007). - "R&D spillovers, patents and the incentives to innovate in Japan and the United States." Research Policy (2002). - Homework assigned for Week #6 (administered by Qualtrics) ______________________________ Week #6 (May 19): The capture of value: international considerations Readings for Week #7: - "The fallacy of 'only the strong survive': The effects of extrinsic motivation on the persistence decisions for under-performing firms." Journal of Business Venturing (2008). - "Keeping Google Googley." Harvard Business Case (2009). - "Putting the organization on wheels." California Management Review (2007). - “Explaining Organizational Diseconomies of Scale in R&D." Management Science (1994). - Homework assigned for Week #7 (administered by Qualtrics) ______________________________ Week #7 (June 9): Overcoming Possible Sources of Entrepreneurial Failure - Prepare for the exam ______________________________ Week #8 (Tentative date: June 16): Exam*** The short paper is due on June 18th at midnight via Qualtrics. ** All cases covered in this course are copyrighted as Harvard Business School cases, although they may have been written at other institutions. *** This is a final exam that covers all the material (including the coursepack, lecture, and discussions). Short Answer questions are scored the same way as the Homework. You are allowed one A4 ‘crib sheet,’ front and back. It is untimed. 4 Universiteit van Amsterdam INDIVIDUAL SHORT PAPER During the semester, we will have covered a variety of topics, ranging from opportunity discovery to entrepreneurial risk to value capture. Please write a 1800-2000 word paper* that (a) describes and (b) assesses, and then (c) makes prescriptions for one of the following: a previous company at which you worked, an entrepreneurial venture familiar to you, or one of the ventures that we studied. Regardless, the paper must draw from at least 2 of the 6 topics covered during the course. I expect that your paper’s introductory paragraphs should correspond to some kind of abstract or basic message. In other words, what does your paper attempt to show and prove to your reader? In addition to using the class readings associated with your topic of choice, please also include additional references. Exploring the Business Source Premier Database is highly recommended. At least two of your additional references must be within the last 5 years. To access Business Source Premier, please visit uva.nl → Studenten → Bibliotheek → Databases → Blader in de A/Z lijst → “Business Source Premier”. Please use 2.54cm margins all around, 11 or 12-pt Times New Roman. The grading system for the short paper can be found on the next page. * Cover page, appendices, and bibliography do not count towards the word count. 5 Universiteit van Amsterdam GRADING SYSTEM FOR SHORT PAPER Exceeds Standard (100%) Introduction (11 pts) The introduction is engaging, states the main idea and previews the structure of the paper. Reflect application of learning Shows great depth of knowledge and (24 pts) learning, reveals feelings and thoughts, abstract ideas reflected through use of specific details. Meets Standard (85%) The introduction states the main topic and previews the structure of the paper. Relates learning with research and project, personal and general reflections included, uses concrete language. Nearly Meets Standard (70%) Does Not Meet Standard (40%) The introduction states the main topic but does not adequately preview the structure of the paper. Does not go deeply into the reflection of learning, generalizations and limited insight, uses some detail. Little or no explanation or reflection on learning, no or few details to support reflection. Shows no evidence of learning or reflection. Obviously illogical organization; organization of ideas not developed. No evidence of structure or organization. Organization-Structural Development of the Idea (10 pts) Writer demonstrates logical and subtle Paragraph development present Logical organization; sequencing of ideas through wellbut not perfected. organization of ideas not fully developed paragraphs; transitions are developed. used to enhance organization. Conclusion (7 pts) The conclusion is engaging and restates personal learning. The conclusion restates the learning. The conclusion does not Incomplete and/or unfocused. adequately restate the learning. Mechanics (4 pts) No errors in punctuation, capitalization and spelling. Almost no errors in punctuation, capitalization and spelling. Almost no errors in sentence structure and word usage. Many errors in punctuation, capitalization and spelling. Done in a reasonably correct format with no errors. Includes more than 5 major references (e.g. journal articles, books, but no more than two internet sites). Includes at least 2 additional major references not discussed during class (and published in last 5 years). Done in a reasonably correct format with few errors. Includes 5 major references (e.g. science journal articles, books, but no more than two internet sites). Done in a reasonably correct format with some errors. Includes 4 major references (e.g. science journal articles, books, but no more than two internet sites). Usage (4 pts) Citation (4 pts) Bibliography (6 pts) No evidence (0%) Score There is no clear introduction Absent, no evidence or main topic and the structure of the paper is missing. Absent Numerous and distracting errors in punctuation, capitalization and spelling. No errors in sentence structure and Many errors in sentence Numerous and distracting word usage. structure and word usage. errors in sentence structure and word usage. All cited works, both text and visual, Some cited works, both text Few cited works, both text and visual, are done in a correct Absent are done in a correct format with no and visual, are done in a correct format. (55%) errors. format. Inconsistencies evident. Done in a reasonably correct format with many errors. Includes 3 major references (e.g. science journal articles, books, but no more than two internet sites). Absent __/70 6 Universiteit van Amsterdam TABLE OF CONTENTS OF COURSEPACK WEEK #2 1) "Discovery of entrepreneurial opportunities" (Shane, 2003: ch 3). 2) "Individual differences and the decision to exploit" (Shane, 2003: ch 4). 3) "How entrepreneurs connect the dots." Academy of Management Perspectives (2006). 4) "Defining International Entrepreneurship." Entrepreneurship Theory and Practice (2005). WEEK #3 5) "Sittercity." Harvard Business Case (2009). 6) "Cognitive biases, risk perception, and venture formation: How individuals decide to start companies." Journal of Business Venturing (1999). 7) "Uncertainty avoidance and the rate of business ownership across 21 OECD countries." Journal of Evolutionary Economics (2007). 8) "Disciplined entrepreneurship." Sloan Management Review (2004). WEEK #4 9) "Blue Man Group: Creativity, Life and Surviving an Economic Meltdown." Harvard Business Case (2010). 10) "Creativity and the role of the leader." Harvard Business Review (2008). 11) “Explicitly searching for useful inventions." Scientometrics (2011). 12) "Team diversity and information use." Academy of Management Journal (2005). WEEK #5 13) "Opportunity discovery, problem solving, and a theory of the entrepreneurial firm." Journal of Management Studies (2007). 14) "The selection of communication media as an executive skill." Academy of Management Executive (1988). 15) "Testing media richness theory in the new media." Information Systems Research (1998). 16) "Cross-cultural comparison of organizational media evaluation and choice." Journal of Communication (1998). WEEK #6 17) "ttools." Kellogg Business Case (2006). 18) "Appropriating the returns from industrial research and development." Brookings Papers on Economic Activity (1987). Please read only pp 783-813. 19) "The value captor's process." Harvard Business Review (2007). 20) "R&D spillovers, patents and the incentives to innovate in Japan and the United States." Research Policy (2002). WEEK #7 21) "The fallacy of 'only the strong survive': The effects of extrinsic motivation on the persistence decisions for under-performing firms." Journal of Business Venturing (2008). 22) "Keeping Google Googley." Harvard Business Case (2009). 23) "Putting the organization on wheels." California Management Review (2007). 24) “Explaining Organizational Diseconomies of Scale in R&D." Management Science (1994). 7