Category: Entrepreneurship

Come drink from the fire hose—EDP is just around the corner

Posted by MIT Sloan Executive Education - 1 day ago

Entrepreneurship is more than a mindset—it's a skill set. Which is why MIT Sloan Executive Education offers a weeklong program dedicated to entire venture creation process. The Entrepreneurship Development Program (January 25–30) proves that the recipe for a successful start-up can be taught and draws from MIT's vast culture of innovation and entrepreneurship. From generating ideas to building viable global businesses and sparking technology clusters, this unique course introduces participants to MIT's entrepreneurial education programs, technology transfer system, and global entrepreneurial network.

Bill Aulet, the program's faculty director, has often likened the EDP experience as "drinking from a fire hose," referring to the exciting bombardment of captivating lectures, guest speakers, group discussions, and idea pitching. Aulet is Managing Director of the Martin Trust Center for MIT Entrepreneurship, which is responsible for entrepreneurship across all five schools at MIT. For this program he is joined by his colleagues at the Center, including Fiona Murray, Faculty Director and the Associate Dean of Innovation at MIT Sloan

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Program participant credits MIT Sloan's EDP for company growth

Posted by MIT Sloan Executive Education - 1 month and 21 days ago

According to Grant Fraser, his enrollment in the MIT Sloan Executive Education Entrepreneurship Development Program (EDP) could not have come at a better time.

Fraser, who founded Digitonic—a mobile marketing agency headquartered in Glasgow, Scotland, in 2011—says EDP has made a “massive difference to me personally, as well as to my organization. I am very grateful for what I was taught and for the opportunity that Scottish Enterprise gave me to attend the course.”

The Managing Director of Digitonic credits the MIT Sloan program for doubling his company’s turnover and raising the profit margins to just under $1M. Fraser adds that the tools and strategies he acquired while taking the EDP course helped him to secure a 10% equity stake, which was used to introduce innovations at the company and expand it internationally. In addition, thanks to lessons learned while on campus, Fraser says he was able to “make the pitch and close the sale just 21 days after the process began.”

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Can the cab industry innovate?

Posted by MIT Sloan Executive Education - 5 months and 11 days ago

Those of us who work and/or live in Cambridge are quite familiar with the controversies stirred up by the wildly successful business, Uber Technologies, Inc. Uber considers itself a technology company, offering a mobile app that connects riders with drivers. The company has taken an innovative approach to making it easier to get from one point to another, eliminating the need to hail a cab on the street.

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Corporate boards miss out when they don’t include women

Posted by MIT Sloan Executive Education - 5 months and 24 days ago

Shirley Leung, Business Columnist for The Boston Globe has written extensively—and frequently—about the dearth of women on corporate boards. In her piece, “Across Health Care Board Rooms, That’s Madam Chairman to You,” she discusses the growing role of women on health care boards (nearly a third of Massachusetts-based hospitals have a woman running the board for the first time) and she compares the trend to the fact that only three percent of Fortune 500 companies have female board chairs.

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The digital business transformation imperative

Posted by MIT Sloan Executive Education - 6 months and 9 days ago

“What exactly does a digital business transformation mean?” asked Michael Krigsman, CEO of Asuret, Inc., and moderator of the "CIO, CMO, CDO Perspectives on Digital Transformation" panel at The 2014 MIT Sloan CIO Symposium.

Each of the panelists—F. Thaddeus Arroyo, CIO of AT&T Services, Inc.; Robert Tas, CMO & SVP of Pegasystems; Tanya Cordrey, Chief Digital Officer (CDO) of Guardian News and Media; and George Westerman, Research Scientist at the MIT Center for Digital Business—had his or her own take on the digital transformation facing most businesses today. 

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Clients and their perceptions can prevent successful diversification

Posted by MIT Sloan Executive Education - 7 months and 6 days ago

Why is it that some organizations can successfully diversify, while others cannot? Some businesses can increase their complexity by expanding into new markets, creating new products or services for new audiences and succeed, while others seek to do so, and fail.

Ezra Zuckerman, Professor of Technological Innovation, Entrepreneurship, and Strategic Management at MIT Sloan, claims that there are identity-based limits to diversification that have more to do with a client’s perception of the organization than the actual integrity of the services delivered by the organization. In other words, an organization can have superior talent, the best operations, and a delivery of new services or products that is top notch, but if somehow this new direction clashes with a client’s perception of the firm, they may lose the client. These factors should be closely examined prior to a company's diversification. 

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