campus and propose action plans, and estimate the economic impact of theirsolution. As a result of this project, students learn how to create value and communicate anengineering solution in terms of economic benefits. Students provide a report for each modulewhich is graded based on designed rubrics. All these modules are performed in teams which inturn improves students’ team work and collaboration skills. This paper elaborates the details ofeach module and learning outcomes, and presents the student evaluation results, and at the enddiscusses the lessons learned.1. IntroductionIn the past few years the attitude that considers engineers as sole reactive specialists has evolvedto team player entrepreneurs. This fact is critical while designing
of a product; then developbusiness and marketing plans for the product, while gaining an understanding of thepatent process. All of these activities are part of a capstone project that is alreadyincluded in the curriculum at ASU‘s Polytechnic campus, Department of ElectronicSystems.Introduction ASU defines entrepreneurship as “the spirit and process of creative risk takingand innovation that leverages university knowledge to spur social development andeconomic competitiveness.”1 Additionally, in a contributed article to Mechanical Engineering Magazine,Ephraim Suhir, President and CEO of ERS/Siloptix Co. in Los Altos, CA, wrote that “atechnological professional with entrepreneurial skills has a better chance than a
Knoxville initiated the innovative dual degreeprogram in the fall of 2001. Its focus is to integrate the skills and knowledge of studentsstudying both engineering and business, and to direct those skills to product development. Itpermits students, in 23 months, to obtain a Master of Business Administration [MBA] degree anda Master of Science [MS] degree in an engineering discipline. It is expected that, by thecompletion of the program, student teams will have developed a concept, a business plan, amarketing plan and a prototype for a marketable product. The vision of the MS-MBA dualdegree is not merely to allow students to receive two graduate degrees in a compressed timeframe, but to tightly integrate the two degrees, so that multidisciplinary
semester-long data collectionand analysis project which included a fun laboratory experiment to motivate students. Mini-companies of two students each were asked to treat the project as if they had been hired toperform a consulting job for a customer – their professor. The project provided context for theproduction of a series of typical engineering consulting documents: a formal introductory email,a follow-up cover letter, a meeting summary memo, a project specification document includingan estimate/quote, project planning documentation, an interim technical progress report andfinancial summary, and a final technical report were woven through the fabric of the course.Three iterations later, with minor continuous improvement modification based on
evolving innovativeideas into business ventures, convincing students of the importance of being entrepreneurial intheir future endeavors, improving students’ communication and teamwork skills, and recruitingstudents for further academic and entrepreneurial pursuits in the University of Kentucky (UK)College of Engineering. In order to meet these objectives, the students participate in a number ofactivities including team building exercises, hands-on engineering labs, engineering companytours, networking opportunities, a group business venture competition, and recreationalactivities. Through the group project, students are involved in concept development, productdesign, prototyping, business plan development, and public presentation.This paper will
university level. Students who have proclivities towardsentrepreneurship activities can be made more informed about the possibilities at theirinstitutions.Theory of Planned BehaviorIn the engineering education literature, several studies have examined the impact ofentrepreneurship programs, courses, or other interventions on student characteristics. Forexample, Reid and Ferguson4 examined whether entrepreneurial interventions impacted students’mindsets, in terms of being fixed or something that can be improved. Bilen and colleagues5studied the impact of participation in an entrepreneurship minor on constructs such as self-efficacy, leadership attitude, innovation, and teamwork skills. Ohland and colleagues examinedparticipation in an
introductory course on engineering innovation and entrepreneurship ≠ A review of best practices at other institutions, including other efforts supported under the KEEN program. ≠ A faculty workshop to enlist the perspectives of our colleagues. ≠ Development of a long term integration plan to extend these efforts campus wide ≠ Assessment of the courses and processThe course has now been offered twice and here we describe its structure and the studentreaction to it, as well as the broader campus context.2.0 Structure of the CourseThe I & E course consists of lectures, discussions and a project. The course is a collaborativeeffort, taught by the PIs who come from the Department of Mechanical Engineering and theDepartment of
thinking, partnerships, and a multidisciplinary approach. It is ourintention to have a full summer program with numerous class offerings that will allow mostETSU students in the College of Business and Technology to complete a summer study in Romeand complete an entire semester of their degree requirements.Many entrepreneurial approaches have been implemented into the program, and many creativeaspects are still in the planning stages. Some of the issues include: A multidisciplinary curriculum that will benefit students and increase the influence of the College of Business and Technology throughout the entire university Partnerships with other departments and universities Access
offering a new product type that fits mass-customization markets ona global scale (e.g., has potential to be offered on multiple national markets). The team’s keytasks are to: 1. Develop initial product idea and its design, including possible product variations, 2. Outline the manufacturing processes and a system necessary to make the product, and 3. Prepare a business plan elements, which cover delivery, organization and cost issues. The course in its current form is designed to run on 12-week semester schedule typical inCanadian universities. The class meets three times a week: twice for 80-minutes lecture periodand for one 110-minutes tutorial session. The content of the course is outlined in Table 1.Figure 2 Integration of
Technology Tom Mason is Professor Emeritus of Economics and Engineering Management. After retiring from his 38 year career at Rose-Hulman in 2010, he continues part-time teaching of entrepreneurship, exploring innovation in engineering education and advising technology based start ups.Dr. Michael Wollowski, Rose-Hulman Institute of Technology Michael Wollowski obtained his undergraduate degree in Informatics from the University of Hamburg, Germany. He obtained M.S. and Ph.D. degrees in Computer Science from Indiana University in Bloom- ington, IN, USA. He studied under Jon Barwise and as part of his dissertation developed a diagrammatic proof system for planning in the blocks world of Artificial Intelligence. Michael is
practices, one goal of the published cards shouldbe transferability- could another faculty member use the documented ideas and resources at theirown institution? Unfortunately, not every card is a useful resource for adaptation. Some cardslack details or additional uploads of lesson plans, leaving readers looking for more information.Other cards lack clear indications of what the activity entails, or how much time it will take.Additionally cards can be thoroughly well documented, but may be less adaptable because theycontain too much information. As an example, many cards provide details on an entire coursethat has been modified to meet some of the entrepreneurial mindset competencies. However,unless a university plans to design a new course or
concepts through customer engagement*3. Thinking creatively to drive innovation† Project Planning and Development4. Learning from failure* (Freshman)5. Establishing the cost of production or delivery of a service, Project Management and Engineering including scaling strategies* Economics (Sophomore)6. Determining market risks Applied Engineering Statistics (Junior) (Junior Courses) Transport Operations II
Number Factor Names Abbreviation 1 Problem Solving/Logical Thinking PS 2 Engaging Stakeholders ES 3 Value Creation VC 4 Risk Management RM 5 Career Plan CP 6 Ability to Learn AL 7 Analyze Market Conditions MC 8 Systems Thinking ST 9
solutions that generate and strengthen career plans of students, as well as improve retention, graduation rates, and speed to graduation. He is recognized within education circles as standing at the vanguard of the progressive technological movement. He has taught students, trained corporate salespeople and career coaches, and advised entrepreneurs. His energy, passion, positivity, and attention to detail have served him well in bringing out the best in others.Dr. Kishore Pochiraju, Stevens Institute of Technology (School of Engineering and Science) Kishore Pochiraju is the Associate Dean for Undergraduate Education and a Professor in the Mechanical Engineering department at Stevens Institute of Technology. He recently
universities withABET-approved undergraduate engineering programs. Twenty of the original universitiesreceived $5,000 planning grants to develop proposals to implement curricular and extra-curricular components to augment their undergraduate engineering programs in support of theKEEN mission. Twelve universities submitted KEEN Phase I proposals to the Kern FamilyFoundation and eleven were funded with $50,000 to develop their engineering entrepreneurshipprograms. Each grant recipient named two Kern Fellows, with one of the fellows designated asthe Principle Investigator (PI) responsible for administering the grant.Of the eleven KEEN Phase I universities, four had already established entrepreneurship
facilitator from the parent 3DS organization coaches a student team.Pre-Event Activities After on-campus promotion for the event students applied to take part in the program.In addition to providing motivation for applying to the program, students submitted initialbusiness/innovation ideas. These applications were reviewed by the on-campuscommittee and applicants were selected. A total of 49 applications were received for theprogram at Western New England University. In other 3DS programs, personalinterviews were held, however this was not done at the Western New England program.In retrospect the planning committee feels that conducting personal interviews wouldhave been beneficial in setting
Paper ID #17396Chair of the Department of Economics and Management in Nizhnekamsk Chemical Engineering Institutein 2002-2012. She supervised several projects for Tatarstan chemical and petrochemical companies inthe years 2002-2007 and headed the Department of Macroeconomic Research in Advanced EconomicResearch Center in the Academy of Sciences of the Republic of Tatarstan in the years 2007-2010. Hercontribution to the projects was the supervision of their economic sections (including setting of researchobjectives, project supervision, economic assessment, report writing, presentations, and publishing of re-search discoveries). She was personally involved in the strategic planning of economic development at aregional level. All these research
Page 26.738.2business are likely to result in efforts toward acting upon those intentions.3 In this study we investigated to what degree entrepreneurial intentions held by engineering alumni result in actualentrepreneurial activity. Intentions are a critical predictor of any planned behavior, includingentrepreneurship6. Intentions can explain and predict how alumni see opportunities that may leadto business ideas that may eventually be brought to market. Entrepreneurial intention, incombination with both situational and individual variables, possibly can explain and predictentrepreneurial patterns among engineering alumni. In the current study, intentions were used toidentify which characteristics of engineering alumni might predict future
retention.Their longitudinal study revealed that those engineering students that participated inentrepreneurship education were more likely to be retained (70% vs. 51%) and claimed theywere more confident in their decision to pursue an engineering degree.1 Some of theentrepreneurship programs reviewed as part of their research revealed that while the programsdiffered, they also shared several features. Programs were generally available to seniors and wereproject based. Programs incorporated teams of students, sometimes across disciplines, workingon projects supplied by industry or by the students themselves. Project outcomes typicallyincluded working prototypes and business plans. Industry, practitioners, and experiencedentrepreneurs were often
business plan competition and on-campus incubator. Dr. Bates served as a board member and past executive committee member on two economic development organizations. His nearly 20-year business career revolved around high tech start-up companies in the contact center industry. His international experience includes an exchange to Guatemala during college, living in Germany for three years, business trips to various European countries, and in his time with Taylor University and Waynesburg University, research, speaking, and education travels to China, Laos, South Korea, Thailand, East and West Africa. Dr. Bates is a graduate of the United States Military Academy at West Point, holds an MBA from Regent University, and a
encountered. The mentors were either technologyentrepreneurs or senior level managers from industry versed in teamwork, innovation, andentrepreneurship; they assisted the student teams in financial or healthcare problem identificationappropriately defined for solutions within the constraint of the semester; they further providedguidance, realism, and insight to the teams’ ideas for a feasible problem solution. Theseinterventions helped to supplement the content provided in the case studies and lectures. Acentral product of the course was the creation of a business plan developed to support aninnovative problem solution to satisfy a financial or healthcare customer’s need with itssubsequent pitch. Students’ performance in and enthusiasm for the course
modules into courses was done gradually and 4 of the modules aredeployed in an elective course.“Business Principles and Entrepreneurship for Engineers and Scientists” is an elective course thataims to foster an entrepreneurial mindset and also introduce business, finance, and marketingknowledge and skills. This course incorporates 4 e-learning modules that cover business topics inrelation to entrepreneurial thinking, and provides experiences in identifying ideas that aredifferentiated from others, describing the potential for value creation, and communicating a visionthrough a business plan to stakeholders.The optional extracurricular activities consist of the following:• 24 Hour Imagination Quest: A two-day event, originally developed at
processes and mindset associated with being an entrepreneur. A successfulentrepreneur will develop a business plan and conduct customer discovery, then iterate and pivotin the face of failure. Entrepreneurs need to be curious and creative, to demonstrate the value oftheir product or service, and to make connections among multiple sources of information. Nowconsider the processes and mindset associated with teaching. Successful teachers will engage in acourse planning process, periodically gather information from students on their learning and ontheir own teaching effectiveness and adjust teaching strategies as appropriate. A good teacherdevelops instructional activities that are engaging to students, creates a valuable learningexperience for
Page 12.1074.3The authors and founders of Mobius collaborated for several years at the University of Michiganin the capacity of faculty advisor (Brown) and graduate student researcher (McCorquodale) whilepursuing research in electrical engineering. Brown had been involved in the successful launch of2 research-based start-up companies during his tenure at Michigan. In 2000, the two beganexploring the use of all-silicon self-referenced radio frequency integrated circuits for clock signalgeneration in microprocessors and similar applications. Throughout McCorquodale’s dissertationwork, Brown encouraged him to explore his entrepreneurial interests beginning with the sugges-tion of developing an abstract for a state-wide business plan competition
institutionsEntrepreneurial team projects are an increasingly popular component of universityengineering programs. Providing students with realistic experiences is a common goal, butthe projects vary in their purposes and outcomes, organization, participants, and length.Some projects emerge from programs that encourage engineering students to becomeentrepreneurs, for example, Pennsylvania State2. Others, like the University of Maryland3, area part of incubator-like environments where prospective entrepreneurs live and study together.Some universities take the process a step further by facilitating start-up ventures: FloridaInstitute of Technology4 and Stanford University5.For some projects, a business plan is the significant outcome, and a business plan
be one that wasdeveloped for or is closely related to one developed for an EPICS project partner. The focus ofthe EEI is thus not on the traditional business or financial plan development − it is product-focused and engineering-focused and is thus well within the scope of engineering students’developing expertise.The Laboratory Facilities for the EPICS Entrepreneurship Initiative consist of two rooms. One isthe Software Development Laboratory, which provides servers and desktop machines for EPICSteams with EPICS I2P® entries that are software intensive, client-server systems. It also containsa Digital Publishing Center that includes the latest in high-color, color printers in for formatsranging from 8.5x11 through 50” wide plotters. The
support the fledgling startups http://business.fullerton.edu/centers/cfe/StartupIncubator.htm Jackson is co-principal investigator for a National Science Foundation Grant called I-TEST; this $1,000,000 grant has created an after-school program at Anaheim middle schools which encourages STEM ed- ucation and entrepreneurship. http://bizblogs.fullerton.edu/blog/2014/09/23/mihaylo-entrepreneurship- collaborates-to-win-1-million-nsf-grant/ As Center Director, Jackson conducts two all-college events: The Business Plan Competition and The CSUF Fast Pitch. Both events reach across the campus to engage students from all disciplines to idea- generate new business concepts, test feasibility, and pitch to a panel of real investors
, proceeds through feasibility andprototyping courses and culminates in a business plan preparation course. There are also threepracticum courses included in the minor that provide focused experiences for students in relatedthemed areas.The program has graduated over 100 students and continues to see a robust enrollment of about12% of the engineering students and is the largest subscribed minor in the College ofEngineering. After a decade of offering the engineering entrepreneurship minor, the program wasevaluated to identify its strengths and determine if any modifications needed to be made.The program evaluation was based on the collection and analysis of several forms of dataincluding course syllabi, focus groups with current students, and
Value Delivery 30 Start Innovating 30 Challenge Plan 60 Closure 15 Figure 1: Workshop framework Architecture - The central trunk provides the core contents of workshops. The branches are optional and all the timings (given in diamonds) are indicative.We then move on to case studies that are mainly drawn from
/retain qualified employees 37% Insufficient sales volume 36% Cost-effectively advertise 34% Pricing goods/services 32% Delinquent customer accounts 32% Find/retain qualified employees 31% Competition from big business 28% Cost-effectively advertise 28% Insufficient sales volume 27% Actual selling 26% Identifying new opportunities 26% Set goals, measure performance 24% Effective use of the Internet 24% Delinquent customer accounts 23% Developing a marketing plan 22