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Intl MBA Students: What can we offer for venture research outside the US?. Basic Facts. MBA degree programs are highly populated by foreign students Building new ventures/entrepreneurship is one of the new competencies many seek to learn - PowerPoint PPT Presentation
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Intl MBA Students: What can we offer for venture research outside the US?
MBA degree programs are highly populated by foreign students
Building new ventures/entrepreneurship is one of the new competencies many seek to learn
Without a green card or US employer sponsorship to attain one, many students on student visa are unable to stay and work in the US
Many students seek to use their time here to make connections and create business plans to execute in their home nation
Basic Facts
The US experience in venture creation/ funding is the primary approach that is actively taught
Nearly all of the resources and examples and cases that are used are focused on the US experience
How can we bring more focus and resources to bear on the non-US entrepreneurship needs of this important part of our student cohort?
The big issue
More than 85% of respondents were located in the United States, with the highest percentage from the east and west coasts: Massachusetts, California, Washington, D.C., Florida, Georgia, Illinoi, New York New Jersey Pennsylvania, and Texas.
International respondents were slightly younger than US respondents and hailed from 66 countries with high percentages of respondents from Argentina, Brazil, China, India, Mexico, Switzerland, the United Kingdom, and Venezuela
Babson College Alumni Survey
Deep and recent on e-ship curriculum outside US
Growing amount on the most effective tools and methods for enabling eship locally (Saras Sarasvathy – “effectual reasoning”)
Lots on the theories Little on the needs, resources and tools
required to make it happen
Research on Intl Eship Pedagogy
“Entrepreneurship as academic discipline must push beyond cozy walls of college to connect with a broader population of students…”
“Connection (with agencies and sources of funding)..enhance the students learning and develop stronger linkages to the surrounding community…with implications for regional development.”
– Structure and Scope of E-ship Education Programs in Higher Ed Around the World; Winkel, et al, Journal of Entrepreneurship Education, v. 16 2013.
Recent survey study finds….
1. Expansion of research resources for non- US market identification, funding sources, competitive products, venture environment and govt promotion programs
2. Opportunity to create our own small international venture incubator for venturers from emerging market nations
So, how can we help?
Venture/PE industry is under developed outside of the major economies
Funding is very private, not disclosed and not accessible for many - forget Thomson!
Size of industry is so small at this point – angel investors and crowdfunding, microfinance are alternatives
More focus on US/Euro funds seeking EM investments
Funding sources/deal histories
Size of markets usually dictate availability of market share data
Smaller economies often do not have local industries nor the infrastructure to support them
Data may be available on the ground, in local language but nowhere else
Growing, but……
Markets – immature, untracked, unavailable
So many sources focused on foreign firms setting up operations in the country
Good sources from global/local accounting and consulting firms keep track of what is taking place locally – sometimes by city or region
PWC and Ernst and Young “Doing Business in…” series are typically good and reasonably current.
IFC “Doing Business” series on business regulations is excellent
Lex Mundi and HLB International are great free resources that cover smaller nations
“Doing Business In” guides won’t work
EMIS – both in English and local language
Intl databases/directories in local language
Google Translate Colleagues at foreign colleges, govt
development agencies in location Community of entrepreneurs in that locale Venture accelerators/incubators in
country Community of business students in your
institution
What sources work?
EMIS Emerging Mkts Information
Use your local intl venturers to do the research on weblinks to resources
Create a “Thailand Entrepreneurship” Libguide to maintain those resources for future needs
Seek to hire similar students to update it Can’t do it? Outsource it – but retain it! Reach out as far as you can when you
don’t have it.
Creative solutions?
Best source for assessment of eship activity, aspirations, attitudes across range of nations
http://www.gemconsortium.org/ Started 1999, now covers 100 countries Both global and country reports Published list of network participants for
contacts
Babson Global Eship Monitor
Jack Cahill jcahill@babson.edu Mgr Research and Instruction/Cutler
Ctr for Investments and Finance Questions?
Thanks for your attention!
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