Empirical Research On (Corporate) Entrepreneurship
Empirical Research on (Corporate) EntrepreneurshipSeminar I of the Major ManagementProf. Dr. David Bendig Maximilian Kortmann, M.Sc.May 2021
Let us introduce ourselvesWho weareProf. Dr. David BendigMaximilian Kortmann, M. Sc.Head of Chair of EntrepreneurshipResearch assistant at the Chair ofEntrepreneurshipResearchfocus Behavioral leadership and organization International strategy Entrepreneurship and innovation Corporate Venture Capital (CVC) Corporate Entrepreneurship Green investments and sustainabilityWorkingexperience The Boston Consulting Group: Top Management Consultant Founder and business angel Assistant Professor at RWTH Aachen Bain & Company: Strategy Consultant A.T. Kearney, Bayer Business Consulting, Simon-Kucher &Partners, PwC, Daimler: InternshipsEducationalbackground Head of Chair of Behavioral International Management atOVGU Magdeburg Ph.D. at RWTH Aachen University Tsinghua University Beijing: Lecturer and visiting scholar Catholic University Eichstätt-Ingolstadt: Master of Science Prof. Dr. David BendigCenter for Management Institute for EntrepreneurshipUniversity of Cologne: Master of Science CEMS MasterNational University of Singapore: Exchange semesterUniversity of Applied Sciences Aachen: Bachelor of ScienceEdinburgh Napier University: Bachelor of Arts (Honours)2
The chair of Entrepreneurship offers a diverse selection of topicsLean OperationsCrowdfunding,Blockchain andCryptocurrenciesInternationalEntrepreneurship andInnovationInnovation inHealthcareCore urship andTransformationInfluence ofTop ManagerPsychology(CEOs, CMOs,CFOs, etc.)Digitization andIndustry 4.0Prof. Dr. David BendigCenter for Management Institute for EntrepreneurshipSupporting streamsFinance:Shareholder Valueand CrisisManagementInterdisciplinary streamsInternationalStrategy &ManagementMarketing StrategyFamily Firmsand SMEs3
Fact Sheet: Empirical Research on (Corporate) EntrepreneurshipFocus of the course Understand the latest scientific methods of(Corporate) Entrepreneurship Exemplary questions:Format 12 ECTS within the framework of the POMaster (2010) for the Major ManagementDeliverables for grading (in groups of 4) “How does the top management team(TMT) impact CVC activities?” Seminar paper Does superior “green” performancecorrelate with firm performance? Collaboration with local start-up (incl.final presentation) Presentation on latest researchWhat to expect Analyze current data sets using empiricaland methodological techniquesApplication CfM internal registration period:10.05.2021 - 30.05.2021 Get first-hand insights in the start-upworld and work on real-life problems Registration forms are available as onlineforms from 10.05.20 on the CfM website(www.wiwi.uni-muenster.de/cfm/) andcan be filled out directly on the site Optimally prepare for your Master thesisProf. Dr. David BendigCenter for Management Institute for Entrepreneurship4
Corporate Venturing:Corporate venture capital activity is on the riseProf. Dr. David BendigCenter for Management Institute for Entrepreneurship Start-up acquisitions by large firms gain increasingimportance to participate in new ventureinnovativeness and novel technologies Large incumbents with a strong focus on differentstart-up acquisitions – e.g., the automotive industrywith focus on mobility start-ups: VW invests Gett;Daimler acquired MyTaxi; GM invests in Lyft;Toyota invests in Uber– press releases In 2018, corporate venture capital (CVC) accountedfor 23% of all investment deals made in externalstart-ups globally Wayra 2019 Number of CVC investments accelerated over thepast years in terms of volume and size Wayra 2019 2013: 1,000 10.6B 2018: 2,700 53.0B5
Sustainability:Corporates face increased pressure from politics and investors Regulatory pressure on greenhouse gas (GHG)emissions has steadily increased since the ParisAgreement in 2015, in which 200 partiescommitted to limit global warming UNFCC 2021 Pressure is not bound to politics – Blackrock, theworld’s largest investor, demands C-level executivesto strive for climate-neutral operations– press releases For companies, sustainability and ESG evolve intomission-critical topics with direct economicimplications, e.g. – press releases Tesla’s recent profits largely depend on its abilityto sell CO2-certificates to competitors Newly launched “green” financial products (e.g.green bonds or ETFs) allow better access tocapital for sustainable companiesProf. Dr. David BendigCenter for Management Institute for Entrepreneurship6
Research Methods:Academia increasingly exploits more sophisticated data analysis Endogeneity exists when an independent variable(IV) in a regression model equation correlates withthe disturbance term Endogeneity issues in empirical research modelsmay lead to inconsistent estimations and threatento infer causal effects In recent years, statistical methods to mitigateendogeneity concerns receive increasing attentionin the management literature e.g. Wolfolds & Siegel,2019 Examples for mitigating endogeneity issues are: Impact Threshold of a Confounding Variable(ITCV) Control functionsProf. Dr. David BendigCenter for Management Institute for Entrepreneurship7
Research avenues offer a plethora of exciting research questionsEXEMPLARYCorporate VenturingSustainabilityResearch Methods Topic 1: How does the topmanagement team (TMT) impactCVC activities? Topic 1: Do green patents resultin greenhouse gas (GHG)reductions? Topic 1: What is the thresholdimpact a variable not measured inthe research model could have? Topic 2: What are drivers ofcorporate venturing activityamong companies? Topic 2: Do diverse top mgmt.teams (TMT) perform better interms of GHG reductions? Topic 2: How can estimationproblems be solved via two-stagefractional regression models? Topic 3: Does CVC activity fosterinnovativeness at the parentcompany? Topic 3: Does superior “green”performance correlate with firmperformance? Topic 3: How can controlfunctions help to correct forendogeneity problems? Classic regression analysisProf. Dr. David BendigCenter for Management Institute for EntrepreneurshipAdvanced statistical analysisPerfect preparationfor PhD-track8
This course will introduce you to academic research and prepareyou for your master thesis The course will prepare you to write your master thesisthrough literature research, data crunching, and academicwriting You will get to know academic research first-hand byanalyzing a large dataset You will also get acquainted with advanced tools for statisticalanalysisYou will work on real-life business problems for local startups and provide clear recommendations as a studentconsulting teamYou will learn to work collaboratively and diligently since thecourse will be challengingProf. Dr. David BendigCenter for Management Institute for egyconsulting9
Timeline for the seminar Empirical Research on (Corporate)EntrepreneurshipDateDescription05th May 2021Course information event10th – 30th May 2021Registration periodMid June 2021Allocation of seminar participantsMid/end June 2021Team allocation and survey about preferencesJuly 2021 or August 2021Kick-off lecture and topic/ start-up allocationMid August – December 2021Working period in groups (incl. 2 dedicated feedback slots per group)6th – 7th September 2021Stata course (optional but highly recommended)10th December 2021Hand-in of full seminar paper13th – 17th December 2021Final presentations (research state start-up collaboration)Prof. Dr. David BendigCenter for Management Institute for EntrepreneurshipYou will be asked to: Form groups of 4 with yourfellow students Vote for your preferredresearch topic Vote for a start-up you wouldlike to collaborate with10
The course grading consists of three componentsWritten paper:Seminar paperOral presentation:Research stateStart-up deliverable:Consulting projectSummarize your findings in a seminar paperas part of a team and provide your do-filesPrepare a presentation on the current stateof research (same team)Present the results from your work as studentconsultants for local start-ups (same team)Grading criteria Critical discussion of the topic Theoretical positioning in the scientificcontext Derivation of the developed hypotheses Scientific method / analysis (incl. do-files) Compliance with formal requirements(see chair guidelines)Grading criteria The presentation reflects the essentialcontents of the seminar paper Clear structure Appealing visualization / free style ofpresentation Keeping to the time frameGrading criteria The presentation provides actionableadvice and clear recommendations toentrepreneurs Clear structure Appealing visualization / free style ofpresentation Keeping to the time frameLength: 30 pagesDuration: 30 minutes (incl. 10 minutes Q&A)Duration: 30 minutes (incl. 10 minutes Q&A)Weight: 40%Weight: 20%Weight: 40%Prof. Dr. David BendigCenter for Management Institute for Entrepreneurship11
Any open questions?Please write all yourquestions in the zoomchat – we will answerthem one by oneProf. Dr. David BendigCenter for Management Institute for Entrepreneurship12
Timeline for the seminar Empirical Research on (Corporate) Entrepreneurship Prof. Dr. David Bendig Center for Management Institute for Entrepreneurship Date 05th May 2021 10th -30th May 2021 Mid June 2021 Mid/end June 2021 July 2021 or August 2021 Mid August -December 2021 6 th-7 September 2021 10th December 2021 13th -17th December .
2. Corporate entrepreneurship Even if the concept of Corporate Entrepreneurship already has a few decades, the definition of the phenomenon of Corporate Entrepreneurship is far from making the unanimity of the authors. Burgelman identify that corporate entrepreneurship refers to the process whereby the firms engage in diversification
To define the entrepreneurship. To explain the significance of Entrepreneurship. To explain the Entrepreneurship Development. To describe the Dynamics of Entrepreneurship Development. 1.1 Need and significance of Entrepreneurship Development in Global contexts It is said that an economy is an effect for which entrepreneurship is the cause.
The corporate entrepreneurship can be defined as "entrepreneurial behavior and the pursuit of entrepreneurial opportunities by existing firms" (Rigolini, 2007). The corporate entrepreneurship explains the survival and the growth of firms. All corporate employees are actors of the corporate
Corporate Entrepreneurship Corporate entrepreneurship is the main factor in enterprises success (Taylor, 2013). Antoncic and Hisrich (2001) state that corporate entrepreneurship is a process occurring inside of an enterprise which, besides its size, not only creates new business, but that also leads to more
To define corporate entrepreneurship, initially the term entrepreneurship must be defined. Secondly, it is important to define clearly what entrepreneurship in established companies means. The main problem with the preparation of scientific papers regarding entrepreneurship is the concretization of a conceptual framework (Shane & Venkataraman .
corporate entrepreneurship and social entrepreneurship literature. Second, building on entrepreneurship and corporate social responsibility (CSR) literature, we propose some factors that enable corporations to engage in CSE and suggest some benefits that they can acquire. This research also has some implications for managers of MNCs. .
forms of corporate entrepreneurship in organizations (Dess et al., 2003). Generally, corporate entrepreneurship is the process of rebuilding the organization that has two related dimensions - innovation and investment, but also the reconstruction strategy (Zahra, 1993). A larger number of authors believes that corporate entrepreneurship has the .
Nutrition is an integral aspect of animal husbandry and the pet food trade now makes up a substantial proportion of the animal care industry. Providing animals with the appropriate feeds in the correct quantities, taking into account factors such as species, breed, activity level and age, requires an understanding of the fundamentals of animal nutrition. A balanced diet is vital to the .
