SBANC Newsletter

November 21, 2006

Issue 448-2006

QUOTE

"There are managers so preoccupied with their e-mail messages that they never look up from their screens to see what's happening in the nondigital world."

     --
Mihaly Csikszentmihalyi

FEATURE PAPER

Teaching Entrepreneurship, Innovation, and Creativity Using Student Self-Selcted Change Management Projects

The following paper was presented at the 2006 USASBE Conference. It was written by James D. Bell of Texas State University.

Abstract

A recent book, Ideas Are Free: How the Idea Revolution is Liberating People and Transforming Organizations, highlighted in the AMA Review stated: "another tactic that can help employees ‘get …more and better ideas’ to solve problems or take advantage of opportunities is the self-discipline of sharpening their senses by becoming alert to details and understanding the meaning reflected by details. Ways to increase employee’ degree of alertness include having them record observations—particularly exceptions; conduct in-depth research; take time to study problems and potential opportunities; maintain a keen awareness of the ongoing changes in their environment; and realize ‘that every change—whether initiated inside the organization or outside—can create either the opportunity or the need for a further change’." (B. Hayden & Sheets, AMA Review, 2005, 639-641).

This paper describes and discusses results of a course taught over two years to non-business freshman and sophomore honors students where entrepreneurship, innovation and effecting change was the course focus. In addition to providing background information relevant to professors interested in offering a similar course, deliverables, outcomes, and a course syllabus web site link will be shared.

Introduction

Is entrepreneurship "more than" starting and running businesses? Do entrepreneurs exist in private AND public arenas? Are students in all majors, inherently focused on success, longing to make a difference, and interested in entrepreneurship? This paper provides strategy and details as to how courses in entrepreneurship may be "modified" and targeted to non-business majors on any campus. Specifically, a successful Studies in Entrepreneurship course, housed in the College of Business Administration, was modified by changing the course deliverable from writing a business plan to "effecting and instituting" change on campus. Further, a University Honors Program (>600 students are enrolled in this campus program) offered and promoted the course, which was "targeted" to non-business freshmen and sophomores.

So What Issue: Over the past two years, an entrepreneurship course has been modified, offered, and taught to non-business honors students; but instead of creating business plans or working with case studies or simulations, effecting campus change management to projects is the course focus. This paper describes and discusses results that emphasize a method of teaching innovation and creativity as well as introducing the concept of entrepreneurship to very smart, motivated students. Since there are over 700 official Honors Programs (National Collegiate Honors Association {NCHA}) in the United States and Canada, where 95 % of the students are nonbusiness majors and 99% of these bright students (gpa’s >3.5) will never take a course in entrepreneurship, this paper should be of interest to USASBE members.

Read the Entire Paper...

 

TIP OF THE WEEK

Cost Containment and Value-Driven Retailing

With a cost-containment approach, retailers strive to hold down both initial investments and operating costs. Many firms use this strategy because of intense competition from discounters, the need to control complicated chain or franchise operations, high land and construction costs, the volatility of the economy, and a desire to maximize productivity. Today, "retailers are examining every aspect of their businesses in order to streamline processes and costs."

Cost containment can be accomplished through one or more of these approaches:

• Standardizing operating procedures, store layouts, store size, and product offerings.
• Using secondary locations, freestanding units, and locations in older strip centers and by occupying sites abandoned by others (second-use locations).
• Placing stores in smaller communities where building regulations are less strict, labor costs are lower, and construction and operating costs are reduced.
• Using inexpensive construction materials, such as bare cinder-block walls and concrete floors.
• Using plainer fixtures and lower-cost displays.
• Buying refurbished equipment.
• Joining cooperative buying and advertising groups.
• Encouraging manufacturers to finance inventories.

A driving force behind cost containment is the quest to provide good value to customers. Value remains a retailing buzzword. The word's meaning, however, is subjective; it can mean price, quality, service, convenience, or a combination thereof. Price clearly pays a big role in what consumers buy and where they buy it. Indeed, retailers' pricing policies - particularly those of discounters - have encouraged consumers to shop for bargains and to distrust traditional sales and sale prices. Pragmatic consumers have discovered they can get reasonable quality at everyday low prices. Price is no longer an accurate reflection of value.

 

Barry Berman & Joel R. Evans Retail Management: A Strategic Approach 10th Edition. Pearson Prentice Hall Upper Saddle River, NJ. 2007. p135-136.

 

CONFERENCES

Conference Organising Committee
Who:
Conference Organising Committee
What:

The Transformations Conference 2006

Where:  Australian National University, Canberra, Australia
When: November 27-29, 2006

IPSI
Who:
Internet, Processing, Systems, and Interdisciplinary (Research)
What:

IPSI 2006 - Slovenia

Where:  Lake Bled, Slovenia
When: November 30-December 3, 2006

SES
Who:
Search Engine Strategies - Incisive Media
What:

Search Engine Marketing & Optimization

Where:  Hilton Chicago - Chicago, Illinois, USA
When: December 4-7, 2006

AACSB
Who:
AACSB Communications
What:

Lessons for Aspiring Deans Seminar

Where:  Charlotte, North Carolina, USA
When: December 9-10, 2006

ICSB
Who:
International Council for Small Business (ICSB)
What:

World Conference

Where:  Turku, Finland
When: June 13-15, 2007


CALLS FOR PAPERS


CIJM
Who: Cyprus International Journal of Management
What:

11th volume, No.1, Autumn 2006 of the Cyprus International Journal of Management

Where: N/A
When: May 24-27, 2007

Submission Deadline:
November 30, 2006


HIC
Who:
Hawaii International Conference
What:

7th Annual Hawaii International Conference on Business

Where:  Waikiki Beach Marriott Resort & Spa, Honolulu Hawaii, USA
When: May 24-27, 2007

Submission Deadline:
January 19, 2007


IFERA
Who:
International Family Enterprise Research Academy
What:

7th Annual IFERA Conference 2007

Where:  European Business School, Oestrich-Winkel, Germany
When: June 20-23, 2007

Submission Deadline:
February 10, 2007

FHSU
Who:
Fort Hays State University
What:

Annual Business and Leadership Symposium 2007

Where:  Hays, Kansas
When: September 26-27, 2007

Submission Deadline:
September 17, 2007




 

The SBANC Newsletter is provided as a service to the members of our affiliates: Academy of Collegiate Marketing Educators (ACME), Association for Small Business & Entrepreneurship (ASBE), Federation of Business Disciplines (FBD), International Council for Small Business (ICSB), Institute for Supply Management (ISM), The International Small Business Congress (ISBC), Marketing Management Association (MMA), Small Business Administration (SBA), Service Corps of Retired Executives (SCORE), Small Business Institute (SBI), Society for Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship (USASBE), U.S. Department of Veterans Affairs (VA).. If you are interested in membership or would like further information on one of our affiliates, please see our web site at http://www.sbaer.uca.edu

 

SBANC STAFF

Main Office Phone: (501) 450-5300

Dr. Don B. Bradley III, Executive Director of SBANC & Professor of Marketing;

Direct Phone: (501) 450-5345

Brandon Tabor, Development Intern

Garion McCoy, Development Intern

Tyler Farrar, Development Intern

 

 

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