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Teaching Entrepreneurship In Light Of The Triple Bottom Line

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(1)

Sherry Robinson

Penn State University, USA/Buskerud and Vestfold University College, Norway

Hans Anton Stubberud

Buskerud and Vestfold University College, Norway

10.04.2015 teaching entrepreneurship 1

Teaching

Entrepreneurship In

Light Of The Triple

(2)

Research question

To what extent did

students

increase their skill levels

during a two-week

entrepreneurship course?

Reports of the results of

self-evaluations conducted by

students at the beginning and

(3)

International, Interdisciplinary,

Interactive

--Collaborative

International

– Norway – USA – Dominican Republic – Denmark – Vietnam •

Interdisciplinary

– Business – Engineering – Law – Visual communications

--Content

¤Entrepreneurial

orientation

¤Triple Bottom Line

(4)

Entrepreneurial orientation

Described by Three Elements

(Bolton & Lane, 2012)

Creativity and innovation - coming up with new ideas and improving on current ideas and others’ ideas

• (Amabile, 1997; Govindarajan, 2010; Gurteen, 1998; Ko & Butler, 2007)

Risk-taking – willing to take the risk of being wrong, silly, successful, willing to risk failure

• (Rentschler, 2010; Ko & Butler, 2007; Mainemelis & Ronson, 2006; Robinson, 2012; 2013)

Proactiveness – taking action, not just thinking and planning

(5)

Triple bottom line

(J. Elkington, 1997)

People

Social entrepreneurship

Social aspects of creativity

Planet

Environmental sustainability

Alternative energy

Profit

Entrepreneurship

Intrapreneurship

(6)

Teamwork and Diversity

Diversity emphasized in the topics, guest speakers and

activities.

Class activities/projects - part of an overall competition

among teams

team voting to determine results

Teams were determined by a random drawing during

the first day of class

permitted to change teams after 48 hours

(7)

Projects

• Variety of projects provided teams a range of options from

which to choose their final project

– New ideas

– Adapting and improving on others’ ideas

• Trade fair – presented ideas to local business leaders, who

“invested” in their favorite ideas

• Retired incubator manager as consultant

(8)

Methodology

pre-tests - first day of class/post-test - last day of class.

25 students (21 usable sets of matched surveys)

6 from the American university

19 from the Norwegian university

Survey included

12 skill areas and improved skills (learning)

students were asked to indicate their perceived

level of ability in each skill area using Likert scales

1=poor, 2=fair, 3=good, 4=very good and 5= excellent

(9)

Results overview

• Ratings for improved skills ranged from 3.8 to 4.2

– Students generally felt they had improved all skills Mean pre-test ratings ranged from 2.0 to 3.7

Mean post-test ratings ranged from 3.5 to 4.0

¤highest pre-test rating was only 0.2 higher than the lowest post-test rating

Statistically significant differences for 7 of 12 skills

(10)

PRE-TESTS, POST-TEST AND LEARNING

EVALUATIONS FOR SKILLS AND ABILITIES (1)

Skill Pre-test Post -test t P Improved skills To understand the concept of social entrepreneurship 2.3 3.8 -5.1 .001* 4.2 To understand the concept of intrapreneurship 2.0 3.7 -6.2 .001* 4.0 To think creatively 3.7 3.6 0.2 .853 4.0 To understand concepts regarding alternative energy 3.0 3.5 -1.7 .102 4.0 To recognize a good opportunity 3.4 3.6 -0.8 .451 3.9

(11)

Teaching entrepreneurship slide nr 11 (15) Skill Pre-test Post-test t P Improved skills To communicate ideas in English 3.0 4.0 -4.2 .001* 3.9 To work effectively in a team 3.6 4.0 -2.3 .029* 3.8 To understand concepts about sustainability in business or products 3.4 3.7 -2.3 .031* 3.8

To take calculated risks 3.3 3.7 -1.9 069 3.8

To market a product 3.0 3.6 -3.0 .007* 3.8

To design something novel and innovative

(12)

Types of Entrepreneurship

pre-test post-test improved

• Social entrepreneurship 2.3 3.8 4.2

• Intrapreneurship 2.0 3.7 4.0

• These two skills/abilities had the

– lowest pre-test ratings

– greatest increases between pre- and post-tests (1.5/1.7)

(13)

Creativity and marketing

• «To think creatively»

– Highest skill in the pre-tests 3.7

– Second lowest in post-tests 3.6

– Improved skills 4.0

«to design something novel and innovative» - increased 1.0 between pre-test (2.7) and

post-test (3.7)  p<.016 - 3.8 for improved skill

«to market a product»

- also 3.8 for improved skill

- increased from 3.0 to 3.6,  p<.007

(14)

Starting a business

• «to recognize a good opportunity»

• «to understand what it takes to start one’s own buiness» • «to take calculated risks»

• No statistically significant differences between pre-tests

(3.3/3.4) and post-tests (3.6/3.7)

(15)

English and teamwork

• «to communicate ideas in English»

• «to work effectively in a team» • Improved skills 3.9/3.8

• Post-test rating 4.0 for both

• English – pre-test 3.0 (increased 1.0)  p<.001 • Teamwork – pre-test 3.6  p<.029

(16)

Alternative energy and

sustainability

• «to understand concepts regarding alternative energy»

– Pre-test 3.0

– Post-test 3.5, but not a statistically significant increase

– Improved skill rating 4.0

• «to understand concepts about sustainability in business

or products»

– Pre-test 3.4

(17)

Conclusions

• Course objective - to provide students a look at what it takes

to be an entrepreneur – including social entrepreneur – and introduce students to the Triple Bottom Line

• Even if students decideded that they did not wish to start a

business, creativity, risk-taking and proactiveness are valuable qualities in employees intrapreneurship

• The results show that the objectives of the course appear to

have been fulfilled, at least to some degree

– improved skill ratings of no lower than 3.8

– Post-test ratings no lower than 3.5

References

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