Fwd: Asian Entrepreneurship Award 2012 in Japan: Shigeo Kagami - University of Tokyo

I am posting here the proposed project  of Dr. Shigeo Kagami for Prof. Antonio del Carmen regarding Asian Entrepreneurship  Award 20l2.  Prof del Carmen is being invited to join as member of the nominating committee in the PHL

I hope PHL shall have a qualified nominee who will join

On Fri, Feb 3, 2012 at 8:52 AM, Shigeo KAGAMI <kagami@ducr.u-tokyo.ac.jp> wrote:

Professor Antonio M. Del Carmen

Program Director, Master in Entrepreneurship

Ateneo Graduate School of Business

Ateneo de Manila University

Dear Antonio,

It is a great pleasure of meeting you this time.  I am Shigeo Kagami, Professor of Entrepreneurship at the University of Tokyo.

As I briefly indicated a couple of days ago, I have been involved with the project “Asian Entrepreneurship Award 2012 (AEA ’12),” where I am Chairman of Nominating Committee. We plan to invite promising Asian technology entrepreneurs to Japan together with their “mentors” or “incubators.”

I would like you to be a Nominating Committee member representing Philippines. You are invited as a committee member as well as an incubator together with a team of Filipino technology entrepreneurs that you select.  Your and the team (two people)’ airfares, hotels and other logistics expenses are paid by our sponsors.   

AEA ’12 will be held on May 9, 10, and 11 in Chiba (close to Narita International Airport).  On top of the company sponsorship, METI and some other semi-public organizations have already decided to support the project.

Below you can take a look at the details of the program.

http://www.fdc.or.jp/aea/eng/index.html

If you agree to joining us as a Nominating Committee representing Philippines, please let me know.  Either I or the secretary group will contact you again soon about the details.

Thank you very much in advance.

With best regards,

Shigeo Kagami

Dr. Shigeo Kagami

Professor

The University of Tokyo

==============================

各務茂夫（かがみしげお）

東京大学　教授　経営学博士

産学連携本部　事業化推進部長

113-0033 東京都文京区本郷7-3-1 産学連携プラザ

（電話）03-5841-1482

kagami@ducr.u-tokyo.ac.jp

Blogs:

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Updating my LinkedIn Profile Skills to Include Entrepreneurial Education

An Ateneo Graduate School of Business Advantage

I was emailed today by Linked In suggesting that I upgrade my skills to include entrepreneuerial education.  I found out that there few skilled entrepreneruship education, say 200t at most.  Am I glad I am in this field as educator and never changed my direction

Effectuation Entrepreneurship

An Ateneo Graduate School of Business Advantage

Like conversation mapping of John Stayton,  design and kitchen workshop of Dr. Peter Kelly, FMB based MBA program, effectuation is entirely new thing for me.  It totally contradicts my learning on academic teaching of entrepreneurship; but confirms my experience as an entrepreneur.

Saras D Sarasvathy, the author of the book Effectuation:  Elements of Entrepreneurial Expertise, even said, and I agree that the way we teach entrepreneurship is wrong.  For instance, many entrepreneurs hate business planning and market research.  They do much more conversation and practical research.

Entrepreneurs Do Like Formal Market Research at the Start

For instance, the richest woman in the world, who is in China and engaged in paper recycling became an entrepreneur without employing sophisticated academic research tools, consultants, without going into industry study.  All she knew were:

l.  There is a high demand for paper in China;
2.  In the USA, there were plenty of waste paper begging to be disposed off;  and those who had waste were even willing to pay for its disposal;
3.  There were plenty of empty containers from USA going back to US and shipping companies would just be willing to have them loaded at a discount.

This woman saw the opportunity, jumped into it and became very very rich

Effectuation, what is it?

As I do this post, the blog underlines the word, because it may be wrong.  The concept tries to answer the age old problem, what makes the entrepreneur entrepreneur?  By interviewing 27 entrepreneurs all over the world (we do not  know much about the research method used), Sarah was able to come up with some concepts.

l.  That process is learnable and teachable;

2.  It is based on pragmatism;

3.  It involves transformation;  ie not being determined but influencing external environment.  Here Saras involved us in game theory;  by having a container with unknown contents, with win or lose consequences, one loses by merely accepting the rules, but win outcomes could be determined by changing the rules (hhhmmm smells of Pralahad) (I long have wanted  to have game theory exercsises and the library to buy one for entrepreneurship teaching.  I will just do with Saras method and example)

Predictability can be increased to the extent we can control.  Experts can influence the outcomes.  Persistence increases the probability of the success of the outcome.

Distinction between Corporate Managerial Thinking and Effectuation Thinking

The businessman, or the managers who have variety of means and resources can choose from his means various option to attain an objective.  The entrepreneur, on the other hand, has little or no resources to achieve various imagined or dreamed ends.  How true.!!

The VMOKRAPI thing and begin with the end in mind is entirely contrary to effectuation.  Even writing a business plan!!  BP goes well with existing businesses with established resources, but not start ups.  They start with entirely new principles

The Principles

l.  Bird in hand.  Begin with what you have.

2.  Affordable loss.   How much can you afford to lose?

3.  Lemonade principle.  Be ready to accept surprises along the way

4.  Crazy quilt principle.  Accepting various stockholders who can help you get more resources.  Getting commitment especially to add to resources and affordable losses, in which case you can scale up your probable outcome

The link:  Effectuation

Conversation Mapping, a new Tool for Solving Complex Problem

An Ateneo Graduate School of Business Advantage

This topic was covered by John Stayton, founder and director of Venture Greenhouse.  His background is high technology industrial marketing and business consulting

Conversation mapping which is related to systemic thinking proposed as one of the 5 disciplines in the book entitled "Fifth Discipline" by Peter Senge, is like an extended mind mapping and is used to resolve complex issues especially social and political, involving various stakeholders.  It is consultative problems solving that draws more commitment from stakeholders.  The process recognizes:

l.  One problem casues another problem;

2.  Two divergent issues can be combined to come up with a third brilliant outcome.  (e.g. solid waste disposal vs toxicity in burning, (greenhouse effect and ozone depletion) led to recycling and new products from plastic waste.

How to do it?

John placed large pieces of paper on our tables with a theme written on it.  For our group, it was limited energy resource (for others it was engagement from student,  effectuation entrepreneurship, effective education etc).  From there, we had to write bubbles connected to the central theme and we can connect to the other ideas.  Then we moved on other tables doing the same.  Since we were from different countries, it was a great eye opener to the mindsets of other participants.

Next step was to go back to your own theme, select emergent themes and issues.  Then prioritze...So tht you can leverage on the top issues. 

Then write a conclusion on the emergent themes.

My comments:

l.  I think this is great for policy making;   public and corporate policy;

2.  This is great for complex problems;

3.  I think this will be great tool for case analysis.  However, premium on individual critical thinking is lost.

4.  It is really very different from mindmapping.  In mind mapping, the labels and themes have been predetermined, and his role will just be to add to the details.  Conversation mapping is chaotic, and the big task of sorting out the themes will have to be made.

5.  I asked John, how come my conclusion is different from the group conclusion.  He said this is good because now you have many possibilites .(What about having the group agree with you?  Especially if you can not communicate well?)

Family Managed Business at Mumbai India

An Ateneo Graduate School of Business Advantage

This is from S.P. Jain Institute of Management and Research from Mumbai India, the Family Managed Business, which according to the speakers is where real entrepreneurship take place.   The FMB shortcuts the ordinary entrepreneurship, by the book process:

Family Managed Business

l.  FMB is the result of attitude and lineage  (the family inherits the business, keep it within the family)
2.  Bypasses the primary stage (no start ups)
3.  Inhouse incubation (funding comes from the father, including mentoring and other support, the house)
4.  In house angel investor,
5.  Quantum leap
6.  Accelerated result.

If ME prides itself in enrolling the student and the busness.  this Institute prides itself for having grown from its inception in l997, from a size of l6, to 300;  involving 2,000 business and employing more than  l00,000.


New Meaning of CEO

There are various MBA programs:.

OMP    -  Owner Management Program
BEP    -   Business Excellence Program
WMP  -   Women Management Program (the wife is the CEO Chief Emotional Organizer when the father and son quarrel)

This makes a lot of sense in PHL where majority of business are FM (Family Managed)   Remember that whenever Prof. Ricky Mercado does a seminar on Managing Conflicts on Family Managed Business, it was oversubscribed; and he usually did short courses only?

We should recognize the reality of FMB too in the PHL?

No wonder India is part of BRIC!!

I just read that FMBs control about 30% of business through out Asia.  However, they are being bothered by family feud.  The story about the mother being the CEO is true.

There has to be better way of managing FMB.  Their operation is neither by law or management science

Many New Teaching Tools/ Methods for Teaching Entrepreneuership at REE

An Ateneo Graduate School of Business Advantage

Was I glad that I was sent to this REE conference (Roundtable:  Entrepreneurship Education sponsored by Stanford University Venture Technology Program held in Shangrila Hotel. Bangkok.  Thank you Dean Albert of  AGSB.  Teachers need to be taught new things, especially entrep teachers, since entrepreneurship is about having new things.

Teaching entrepreneurship with Strawberries and Kitchen

Yesterday, we talked about the role of Design in Entrepreneurship.  Dr. Peter Kelly made us do a kitchen work, prepared dishes:  salty and sweet based on materials he presented on each table centerd on strawberries. This was under time pressure. Time pressure and lack of resources are part of the entrepreneur's environment.

  This was a follow up on the idea of Tina Sellig, Executive Director of SVTP, that entrepreneurship is an extreme sport:  she made us do a prototype of new id, using colored paper, foil, rubber bands, scissors and scissors.  I did not realize that new idea, ideation, prototyping could be stressful under a time pressure

Effectuation, Conversation Mapping and FMB

Today, February 2, 20l2, I learned:

l.  Entrepreneurship Effectuation by Saras Sarasvathy of  Virgiinia Darden Graduate School of Business;

2.  Conversation Mapping a Problem Definition Tool by John Stayton, Director of Green MBA program and Venture Greenhouse ,Dominican University.

3.  Imagination Projects:  Megacities by Alistair Fee, Professor of Marketing and Innovation, Queesn's University Belfast, Ireland and Dr. Peter Russo, Director and Chairman of the Executive Board of Strascheg Institute for Innovation and Entreprerneurship, European Business School.

4. FMB - Family Managed Business of S.P. Jain Institute of Management and Research located in Mumbai India.

These are quite new ideas and change the way we think about teaching entrepreneurship.  These will definitely improve the way we teach entrepreneurship.  The lecturers/facilitators are high powered and knowledgeable experts in their field.  I will discuss each one of them on separate posts each