Newswise — University-based entrepreneurship ecosystems provide a supportive context in which entrepreneurship and innovation can thrive.
The new book --The Development of University-Based Entrepreneurship Ecosystems—Global Practice -- provides critical insight based on cutting-edge analyses of how to frame, design, launch, and sustain efforts in the area of entrepreneurship.
Babson College Professors Michael Fetters and Patricia Greene are research contributors and co-edited the new book from Edward Elgar Publishing. Prof. Fetters discusses University-based entrepreneurship ecosystems on the video conversation located at http://youtu.be/WCjQn03zPSY
7 success factors were derived from an in-depth analysis of 6 leading, and very different, university-based entrepreneurship ecosystems in North America, Latin America, Europe, and Asia.
These 7 success factors are:
(1) senior leadership vision, engagement and sponsorship;
(2) strong programmatic and faculty leadership;
(3) sustained commitment over a long period of time;
(4) commitment of substantial financial resources;
(5) commitment to continuing innovation in curriculum and programs;
(6) an appropriate organizational infrastructure; and
(7) commitment to building the extended enterprise and achieving critical mass.
Based on these success factors, the authors provide a series of recommendations for the development of a comprehensive university-based entrepreneurship ecosystem.
This major assessment of how best to drive university-based entrepreneurship ecosystems is essential reading for:
•anyone involved in higher education (particularly provosts, deans, and professors),
•government agencies concerned with socioeconomic development, and
•all those concerned with helping entrepreneurship ecosystems to flourish.
Michael L. Fetters is the Walter Carpenter Distinguished Professor of Management and Professor of Accounting at Babson College. Prior to this appointment, Dr. Fetters was Babson College’s first Provost and served in this post from 2003-2006. Prior to the creation of the position of Provost, Dr. Fetters was Vice President for Academic Affairs and Dean of the Faculty for five years and served as chairperson of the Accounting and Law Division for nine. He was on the faculty team that designed and launched the innovative, integrated entrepreneurial MBA program, and on the design and launch team for the integrated undergraduate program. In addition, he designed and directed the MS in Strategic Cost Accounting Program for Lucent Technologies, and is currently working on the design and teaching of Babson’s distance learning offerings offered in blended MBA programs as well as the design and launch of the Goldman Sachs 10,000 Small Businesses initiative. Professor Fetters is on the Board of Recycline, Inc., a start-up in the consumer product industry and Chair of the Audit Committee for the Network of Teaching Entrepreneurship, an organization teaching entrepreneurship to inner-city public schools.
Patricia G. Greene is Professor of Entrepreneurship at Babson College, where she holds the President's Distinguished Chair in Entrepreneurship. She previously served as Provost, and before that as the Dean of the Undergraduate School. Prior to joining Babson she held the Ewing Marion Kauffman/Missouri Chair in Entrepreneurial Leadership at the University of Missouri–Kansas City (1998-2003) and the New Jersey Chair of Small Business and Entrepreneurship at Rutgers University (1996-1998). Dr. Greene earned a Ph.D. from the University of Texas at Austin, an MBA from the University of Nevada, Las Vegas, and a BS from the Pennsylvania State University. She was a founding member of the Rutgers Center for Entrepreneurial Management and the coordinator of the Rutgers Entrepreneurship Curriculum. At UMKC she helped to found KC SourceLink, the Entrepreneurial Growth Resource Center (EGRC), the iStrategy Studio, the Business and Information Development Group (BRIDG), the UMKC Students in Free Enterprise Program (SIFE), the Kauffman Entrepreneurship Internship Program (KEIP), the Entrepreneurial Effect, the Network for Entrepreneurship Educators and Researchers (NEER), and the annual regional Business Plan Competition. At Babson, her current assignment is to lead the curriculum design team for the Goldman Sachs 10,000 Small Businesses initiative.
The Development of University-Based Entrepreneurship Ecosystems—Global Practices
Edited by •Michael L. Fetters, Babson College,•Patricia G. Greene, Babson College,•Mark P. Rice, Worcester Polytechnic Institute, and •John Sibley Butler, The University of Texas at Austin
Edward Elgar Publishing Inc. (2010) http://www.e-elgar.co.uk/Bookentry_Main.lasso?id=14017
This book is also available as an ebook 978 1 84980 589 6
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