For this week’s assignment we had to interview a female and a male entrepreneur while using the questionnaire of Stam, Verstraete, Wakkee & Groenewegen (2014) . Stam et al (2014) distinguish eight dimensions of social networking behaviour. Those dimensions are: tie-sorting, knowledge sharing, tie exploiting, prestigious-tie-seeking practices, categorizing behavior, physical undirected signaling, directed organizing (social accessibility), and physical dyadic signaling (social accessibility).
I interviewed Marieke and Bert. Bert is an organisation advisor. He had gone bankrupt with his construction company during the Economic Crisis in 2008 and with that experience he advises other companies to prevent bankruptcy. Bert’s networkstyle can be explained by saying that he looks for relevant people for his company, which makes his style fit into the dimension of prestigious-tie-seeking practices of Stam et al (2014). This networkingstyle has some challenges. He doesn’t always know when someone is of added value and it could be that he invests a lot of time in someone, but in the end that someone can’t give him what he needs. His plan is to improve this aspect to do more research about someone in the future, which matches with the dimension of categorizing behaviour mentioned by Stam et al (2014), because this dimension is about analyzing, storing and collecting background of network relationships.
Marieke has a company where you can order postcards online. They offer handmade postcards for diverse occasions, and there is a pack of tea added to the postcard to increase the experience of the receiver. Her networking style matches with the ‘physical undirected signaling’ dimension of Stam et al (2014), because she uses social media a lot to get in contact with network relationships. One of the challenges of this dimension is that social media can be interpreted as impersonal. Marieke plans to improve the contact with her network relationships by visiting them or visit conventions were they are going. This improvement matches with the ‘directed organizing’ dimension of Stam et al (2014).
A gender difference noticed in the excel-sheet is that Bert search more for prestige ties then Marieke and that Marieke uses more social media than Bert, but I also have the feeling that this last differences can be explained because of their age difference. Marieke is 26 and Bert is 52.
Floris den Boer
On Tuesday we had a meeting with Peter van Meersbergen at Science Park. In his opinion, students who are entrepreneurial enough will find the opportunities provided by Science Park by them selves, and therefore no extra communication between students is needed. However, we think that it is very important to raise awareness between students not only because they would know what is happening in Science Park (and probably build their business ideas in the incubator in the future) but also because if Science Park wants to be international entrepreneurial hub, outside communication can be seen one of the key activities when it comes to branding it.
It is also not only entrepreneurship minor students, who are interested in becoming entrepreneur, but also people from other faculties with different minors. Not all entrepreneur minor students want to become an entrepreneur anyway: Many of us are mainly interested in understanding the bigger picture and what kind of economical, political and institutional aspects play a roll within a process and how entrepreneurship affect on them. However, there are many students outside the minor who can have a business idea and want to become an entrepreneur in the future. These students should also be reached.
After the meeting we had another meeting with Eric and we outlined the main focus points for our final presentation. Therefore, this week we have been focused on creating a rough craft version of the power point and creating a financial plan and road mapping for the business plan. The financing should be part of the public sector and the product is easy to sell due to the fact that University/education is part of the public sector funded common commodity. Public sector´s essential goal is to integrate the ideas into innovative solutions that help knowledge-intensive businesses, impact positively to the city´s status as an academic and entrepreneurial hub, and reduce academic unemployment, which can be seen as a huge pan-European problem.
Table of Contents for our presentation will be the following: After introduction we will tell about the Valorization project. Then we will talk about the Ecosystem in general and compare different ecosystems. After that, we will shortly introduce the ideas what actions could be taken in Science Park and, finally, we will tell about our idea of creating a Student Association.
J. Toivonen 2553998
J. Maessen 2564136
M. Kappe 1873024
I was off for a couple of weeks during the holidays, but now I’m back. In last weeks internship challenge in which we have to arrange and organize a new kind of education method. As already described in previous blog posts on the internship, our challenge is to act as a consultant in order to consult the staff of the new SBI minor to introduce a kind of online portfolio in which both students and teachers can post usefull things such as blogs and pictures in order to draw a red thread amongst their minor and to eventually base a final assignment for them in their last period of their minors.
In last weeks internship session, we arranged to integrate all our found data through interviews and online articles in a presentation in which we will describe the pros and cons of each investigated method and eventually we want to consult the staff of the SBI minor with which method they have to use to be succesfull.
In upcoming weeks’ session we will work further on the presentation and we will present our results and consults to the staff. Further on in the week we would like to work further on our final report which consists of the business plan for our challenge.
Entrepreneuring in Amsterdam
We have had an exiting journey trough the world of entrepreneurship but it’s not over yet! The first two months are behing us and we have a couple of weeks left for the internships. Over the previous weeks I kept you posted on the topic of circular economy and the running project at the Enactus organization. We have done extensive research on the issue and got a better idea of the surrounding field of interest. Now we know what the project is going to be we are about to write our business plan, seeing that that is also the final assignment in this course. Our team member Dina has decided she wants to stay abroad for a longer period of time so I’m left with Pieter-Bas but im sure we’ll do just fine. In the upcoming week we will be talking to our teacher and to Aron, our mentor through Enactus. Between those two meetings we will draw up the business canvas model. This is a model of a business plan where al the facets of start-up businesses are portrayed. Once we put al the investigated pieces together in this model we can work towards our final business plan. The final assignment consists out of the business plan, which is due the 2nd of Februari, and the presentation about the same topic on the 28th of Januari. Till then we have a lot more work to do so we’ll keep you posted.
The past two months we, as a team, have emerged ourselves in the academic literature concerning gazelles, personal traits of entrepreneurs and those of high-growth firms. After reviewing seventy relevant papers we reduced this list to twenty-five highly relevant articles. Based on these articles we have designed a survey in order to develop a model to recognize gazelle entrepreneurs. This survey has been conducted among 64 master students whom are enrolled in the master course New Venture Creation and Development.
This will form the scientific base for our very practical business plan. This week we have been busy analyzing the results of the survey. As the output from Qualtrics did not give the clear overview we had expected, we have decided to approach an expert on SPSS to help us process the data. It is important that this is done properly since this model will be our proposed solution in the final report.
Another important decision we made this week is to incorporate our scientific article about gazelle entrepreneurs in the appendix. This way it can be shown that our practical solutions and ideas finds a solid base in the scientific literature. Moreover, by structuring the report in such a manner, the efforts made in the last two months can be reflected in the quality of the overall report.
This week we have written the introduction, methods and theoretical framework of the, to be included, scientific paper. The analysis has to be completed by the end of next week in order to have enough time to conduct market research to identify possible roadblocks. Simultaneously, all the elements that make the proposed solution will be written during this week. Check in next week to see our progress.
Joep van Gelder
Jeroen ten Hoopen
This week we started with the course Entrepreneurship in Amsterdam. The objective of this course is to write a business plan for our partner organization, SEEDS, where we apply knowledge acquired in the prior courses of the Minor Entrepreneurship.
We met as a group this week to brainstorm on the proposed solution. In our case this is the hardest part since SEEDS company structure is different from most companies plus the current situation the company is in, doesn’t allow them to function the way they want to. This brings us to our first obstacle. How do you write a realistic business plan for a company that can’t fully operate the way they want to because of certain rules and regulations? For example SEEDS does not have any budget, which hinders much of our solutions since they are not feasible without a budget. Currently the company is also operating with 3 employees. It is easy for us to come up with a business plan how to attract more entrepreneurs for SEEDS but with their current company situation and budget most of the plans would be fiction and not realistic. In our last meeting we discussed another possible proposed solution, that was to look why and how it is possible that SEEDS has almost no active campaigns and to improve that. But in our research in the previous months we have seen that the reason there for is that SEEDS main goal at the moment is to get integrated in the system of ABN-Amro and there for they are not focusing on their website and other important factors which are necessary to have a successful crowdfunding platform. Getting integrated in ABN-Amro is a long term process, where we can’t have any influence on.
Today we started with our business plan. We made the description of challenge and the description of the partner, this can be seen as a sort of introduction of our business plan. We also started developing the CANVAS business model with the several elements where SEEDS can improve. However, before we start to work on our solution we will have a talk with Irma Borst on how to develop a feasible solution without a budget. This talk is scheduled this afternoon. We want to sort things out, before we start doing things that eventually are not good or significant.
We have now interviewed several people from Science Park and during this month our goal is to come up with a solution to the challenge (Valorization project) the Science Park is facing and develop a high-level business plan. The problem we are willing to solve is related to the fact that a relevant connection between Science Park and students cannot be seen. Since the students can be seen as possible future entrepreneurs and therefore highly valuable customers for the Science Park, the incorporation of these students in entrepreneurship can be seen highly recommended. By raising awareness about the possibilities and opportunities the Science Park has to offer, we believe we can create more value not only for students but also for the Science Park and the city of Amsterdam, both economically and socially.
Due to limited amount of time, we have chosen to focus on creating a plan for the student association of the Venture Lab. If we look at the other examples of successful incubators, we see that they have their student associations that form a link between incubator and students. Therefore, we see this as a necessary step to be taken at the Science Park also.
This week we have applied the Business Model Canvas to our idea of the Student Association. The value proposition is focused on four groups: Students, Science Park, University and city of Amsterdam. Great part of our value proposition is aimed at students, with a goal of embedding them in entrepreneurship. We intend to provide students with products to enhance the development of professional skills, knowledge transfer on entrepreneurship, education and inspiration. For the Science Park the added value is awareness of entrepreneurship among students, and improvement of image to the public. This is associated with the increased establishments of new ventures. Added value for the University is that their research becomes of higher economic value. Also the University produces higher educated and better skilled students. These two things can lead to the higher University ranking. Embedding more students in entrepreneurship leads to more established new ventures, which adds value to the economy of the city of Amsterdam.
Jasmina Toivonen 2553998
Jobbe van der Maesen 2564136
Michael Kappe 1873024