External Entrepreneurial Experience (20 points) To help students learn and apply the topics and principles covered in class, they will be required to conduct a face-to-face interview with someone in the Columbus metropolitan area who is actively involved in the entrepreneurial process. This could be a small business owner, a corporate entrepreneur, an inventor who is commercializing those inventions, an entrepreneurial financier (angel investor, venture capitalist), etc. but should NOT simply be a manager of a store. A one (1) page paper (12 point font or less, double-spaced, one-inch margins) that includes who was interviewed and what their entrepreneurial activity is, when the interview was conducted, a sample of what questions were asked (with the responses), and what insights were gained will be required in hard copy form by the beginning of class on April 14th. Late submissions (including those emailed to the professor) will be deducted two (2) points initially and an additional two points will be deducted for each day it is late. See Appendix 2 below for examples of questions to ask and a format to follow.
APPENDIX 2: EXTERNAL ENTREPRENEURIAL EXPERIENCE EXAMPLES Suggested interview questions by topic: Entrepreneurial Characteristics: 1. what characteristics do you think are most important to being a successful entrepreneur? 2. Why did you want to become an entrepreneur? 3. What advice would you give for someone who is thinking about being an entrepreneur? Entrepreneurial Innovation/Assessment: 1. what has been the source of your innovation? Where do you look for new product/service/business ideas? 2. How do you evaluate good ideas to turn them into good business ideas? Corporate Entrepreneurship/Competition: 1. What are the biggest obstacles to maintaining a culture of innovation and entrepreneurship? 2. What are the tradeoffs between doing the “core” of the business and exploring new products/services/opportunities? 3. How does competition impact your business activities, both from a positive and negative perspective? Entrepreneurial Financing/Pitching: 1. What advice would you give to an entrepreneur who needs money? 2. As an investor, what do you look for when deciding whether or not to invest in a new venture? Entrepreneurial Planning/Failure: 1. How has formal business planning impacted your entrepreneurial process? 2. What has the role of failure been in your entrepreneurial process? Social/Global Entrepreneurship: 1. Does your enterprise have a goal/mission beyond simply making a profit? How do you measure this goal/mission? 2. How has this goal/mission impacted the decisions you make for your business? 3. How does the role of global opportunities impact your entrepreneurial process? Suggested format: Paragraph one should include the person you interviewed, when the interview(s) occurred, and some brief background about the business and/or entrepreneurial activity. The second paragraph should focus on some of the questions you asked (one or two topics covered in class should be sufficient) and the responses given. The last paragraph should describe what you learned about the entrepreneurial process and how that might impact you in your future career endeavors.
Part 2:
Doing good and having fun (20 points) At some point of your choosing during this semester, students will be required to do good (10 points) and to have fun (10 points). A doing good activity can involve serving others informally or participating in organized community service projects (see The Keith B. Key Center for Student Leadership and Service website at http://ohiounion.osu.edu/get_involved/csls/service for some possible ideas). A having fun activity might involve doing something students have never done before, or can be a hobby or something enjoyed frequently. Regardless, each activity should be meaningful and enough to write a sufficient amount. A brief (one-page) memo (12 point font or less, double-spaced, one-inch margins) for EACH doing good and having fun activity that includes the date of the activity, describes what was done and personal thoughts and feelings about the activity will be required in hard copy form by the beginning of class on April 14th. Late submissions (including those emailed to the professor) will be deducted two (2) points initially and an additional two points will be deducted for each day each paper is late.