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Technology Ventures* (Spring 2012) “Ask me the biggest challenge ...

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<strong>Technology</strong> <strong>Ventures*</strong> # (<strong>Spring</strong> <strong>2012</strong>)<br />

This special topics course has <strong>the</strong> following codes: BE 481, CE 498, ChE 481, Cpt S 483, EE 483<br />

<strong>“Ask</strong> <strong>me</strong> <strong>the</strong> <strong>biggest</strong> <strong>challenge</strong> that companies must solve in driving<br />

innovation in today's business environ<strong>me</strong>nt, and <strong>the</strong> answer is easy. The<br />

<strong>biggest</strong> <strong>challenge</strong> is developing our future leaders.”<br />

-– Scott Carson (Cougar Alumnus and President/CEO, Boeing)<br />

Course Description<br />

This course is designed to teach technology entrepreneurship in a way that combines <strong>the</strong>ory and<br />

practice. Students will learn entrepreneurship by: (1) participating in case discussions, (2) participating<br />

in class exercises (3) engaging in after-class activities, and (4) preparing and presenting business<br />

materials. This course seeks to develop internally motivated business leaders with a knack to solve<br />

problems and an obsession to exploit entrepreneurial opportunities.<br />

This course covers <strong>the</strong> entrepreneurial process from conception to harvest of a new venture. It focuses<br />

on <strong>the</strong> attributes of entrepreneurs and entrepreneurial teams, trains students to develop skills needed<br />

to distinguish between ideas and opportunities, instructs on harnessing resources to start a new<br />

technology venture. The course maintains that at <strong>the</strong> center of <strong>the</strong> entrepreneurial process and in <strong>the</strong><br />

heart of entrepreneurs or <strong>the</strong> would-be entrepreneurs are people, not dollars.<br />

Throughout this course, students will constantly make contacts with individuals in <strong>the</strong> real world. A<br />

collision of this sort, where <strong>the</strong>ory intersects practice, I believe will hone students’ entrepreneurial skills.<br />

Students will learn to seek out opportunities, minimize <strong>the</strong> required resources, and develop case<br />

studies based on technology ventures.<br />

Learning Outco<strong>me</strong>s<br />

Students are expected to:<br />

1. Understand how winning entrepreneurs think, act, and perform in <strong>the</strong> entrepreneurial process<br />

2. Emulate and model entrepreneurial actions, attitudes, habit, and strategies<br />

3. Be <strong>challenge</strong>d to beco<strong>me</strong> an entrepreneur<br />

4. Develop extensive team and collaborative skills<br />

5. Exhibit ethical behavior and demonstrate global awareness<br />

6. Communicate a case study effectively in written and oral forms<br />

7. Learn independently and be fulfilled by this experience<br />

You and I<br />

1. Washington State University organizes a Global Case Competition every year. Why not use this<br />

opportunity to prepare to compete in that competition? There is money to be won and <strong>the</strong> funds<br />

go directly to YOU. Any team from this class that places within <strong>the</strong> top three in that competition,<br />

as an additional award, I will treat <strong>the</strong>m for dinner at <strong>the</strong> restaurant of <strong>the</strong>ir choice anywhere in<br />

<strong>the</strong> world. Also, why not strive to produce a quality case that can be published in a journal?<br />

2. I always learn from students and look forward to your lessons.<br />

3. Let’s enjoy this course toge<strong>the</strong>r; after all, <strong>the</strong>re is fun in “function.” Do you see it?<br />

Disclai<strong>me</strong>r<br />

Because new venture creation is my favorite course and because I believe that entrepreneurship is <strong>the</strong><br />

most powerful vehicle through which we can re-create our world, I tend to get a bit excited in class. I am<br />

aware of this and plan to apply restraints whenever I can, but please excuse <strong>me</strong> when <strong>the</strong>se mo<strong>me</strong>nts<br />

subdue <strong>me</strong>. I tend to do this with <strong>the</strong> very best minds.<br />

Professor Info


John (Kalu) Osiri<br />

Ph.D., Analytical Chemistry, Louisiana State University, Baton Rouge, LA.<br />

Post-Doc., International Business and Entrepreneurship, University of Florida, Gainesville, FL.<br />

Hobby: Ping pong You are welco<strong>me</strong> to <strong>challenge</strong> <strong>me</strong> anyti<strong>me</strong> at <strong>the</strong> University Recreation Center.<br />

This Class Meets on Mondays, Wednesdays and Fridays at 3:10 P.M. in Todd 109<br />

Email: jk.osiri@wsu.edu Please reference: Student – <strong>Technology</strong> Ventures<br />

Office: Todd 431A; Office phone: (509) 335-3057; Office hours: By appoint<strong>me</strong>nt<br />

“The world is desperate for leaders that would dare to innovate, that would<br />

fearlessly chart a new course in history.”<br />

-– John Kalu Osiri (Cougar Faculty)<br />

Work Load<br />

Entrepreneurship is a high energy endeavor both in preparation and execution.<br />

Discussions<br />

During class periods, I will introduce a topic from <strong>the</strong> textbook and <strong>the</strong>n delve into discussions.<br />

Students should co<strong>me</strong> ready to ask questions and provide <strong>the</strong>ir own insights. So<strong>me</strong>ti<strong>me</strong>s, we will play a<br />

video in class. The video content will motivate or inspire you. It will also spur discussions. Case Study<br />

preparation is a must to be successful in this course. All <strong>the</strong> cases used throughout this course<br />

describe real situations. You will learn from <strong>the</strong>m. Students must read each case and co<strong>me</strong> prepared<br />

for discussions. Cases will be role played by student groups. You can prepare for <strong>the</strong> cases<br />

individually or in groups, whatever works best for you. I will call on anyone at any ti<strong>me</strong> to answer any<br />

question from <strong>the</strong> case. Of course, students are permitted to speak freely and to speak up in class,<br />

even when <strong>the</strong>y are not called upon. Flipping through <strong>the</strong> pages during class is a sure way of indicating<br />

that you had not studied <strong>the</strong> case.<br />

Case Studies<br />

Each student will write a Case Study on an existing technology venture. The Case Study will be<br />

presented twice – in <strong>the</strong> middle, and at <strong>the</strong> end of <strong>the</strong> term. Term-end presentations will be done as a<br />

competition in front of business professionals. These professionals will decide your final grade based<br />

on <strong>the</strong>ir judg<strong>me</strong>nt as to whe<strong>the</strong>r or not your Case Study accurately depicts <strong>the</strong> company in question.<br />

Students can produce an entrepreneurship paper or write a Business Plan in lieu of <strong>the</strong> Case Study.<br />

Recom<strong>me</strong>nded Textbook and Notebook<br />

1. <strong>Technology</strong> Ventures: From Idea to Enterprise, Thomas H. Byers, Richard C. Dorf, and Andrew<br />

J. Nelson, Third Edition, McGraw-Hill.<br />

2. Notebook to docu<strong>me</strong>nt ideas, <strong>me</strong>etings, decisions, reflections, disappoint<strong>me</strong>nts, etc.<br />

Submitting Assign<strong>me</strong>nts<br />

All assign<strong>me</strong>nts are to be submitted by 11:59 pm of <strong>the</strong> due date. Docu<strong>me</strong>nts submitted after this ti<strong>me</strong><br />

will not be graded. This <strong>me</strong>ans that late assign<strong>me</strong>nts will automatically be assigned zero points.<br />

Assign<strong>me</strong>nts should be formatted using <strong>the</strong> following specifications. Margins: 1 inch margins all around;<br />

Font: Ti<strong>me</strong> New Roman or Arial; Font Size: 11 or 12; Spacing: 1;<br />

Grading<br />

1) Classroom Participation and Exercises 20<br />

2) Assign<strong>me</strong>nts 10<br />

3) How Well Did You Live Out <strong>the</strong> Five Di<strong>me</strong>nsions of Entrepreneurial Orientation 10<br />

4) Final Case Study (or Research Paper or Business Plan) 60<br />

Total 100


Students with Physical or Learning Disabilities<br />

Reasonable accommodations are available for students with a docu<strong>me</strong>nted disability. Please visit <strong>the</strong><br />

Disability Resource Center (DRC) during <strong>the</strong> first two weeks of every se<strong>me</strong>ster to seek information or to<br />

qualify for accommodations. All accommodations must be approved through <strong>the</strong> DRC. To make an<br />

appoint<strong>me</strong>nt with a disability counselor, call (509) 335-3417 or email drc@wsu.edu.<br />

Course Policies<br />

Punctuality, attendance and participation are expected. On daily basis, points would be deducted for<br />

being late or for missing class. Assign<strong>me</strong>nts must be submitted on <strong>the</strong> due date. Failure to do so will<br />

result in a grade of zero for that particular assign<strong>me</strong>nt. Assign<strong>me</strong>nts are not accepted after <strong>the</strong> due<br />

date. No food or drink is allowed in <strong>the</strong> classroom. Students are expected to remain in class <strong>the</strong> entire<br />

duration (50 min); <strong>the</strong>refore, leaving to stretch, get a snack, get a drink, smoke a cigarette, or go to <strong>the</strong><br />

bathroom is disruptive and inappropriate. There is a zero tolerance policy for electronic communications<br />

(cell phones, text <strong>me</strong>ssaging, emailing, “facebooking”, etc.) during class. If an e<strong>me</strong>rgency exists and a<br />

student must be reachable during <strong>the</strong> class period, arrange<strong>me</strong>nts must be made with <strong>the</strong> instructor<br />

prior to <strong>the</strong> beginning of class. Based on <strong>the</strong> judg<strong>me</strong>nt of <strong>the</strong> instructor, students may be penalized<br />

using <strong>the</strong> point-deduction system and/or by being asked to leave if <strong>the</strong>ir behavior is disruptive to <strong>the</strong><br />

class.<br />

Professional Behavior<br />

You are expected to uphold <strong>the</strong> WSU Standards of Conduct for Students in all respects. Because this<br />

course strives to develop you as a professional, you must also demonstrate professional behaviors that<br />

include: communication honesty, work competence, financial responsibility, property ownership,<br />

protection of o<strong>the</strong>rs, and social responsibility. You are encouraged to collaborate with o<strong>the</strong>rs to<br />

advance your project work, but you assu<strong>me</strong> full responsibility for <strong>the</strong> integrity and originality of <strong>the</strong><br />

academic work you submit. You must give appropriate credit for o<strong>the</strong>rs’ work you use in advancing<br />

your own work. If you violate professional codes of ethics or WSU standards of conduct, corresponding<br />

assign<strong>me</strong>nts are subject to a failing grade. Repeated offenses will be reported to <strong>the</strong> Office of Student<br />

Conduct. If you have any questions about <strong>the</strong>se require<strong>me</strong>nts, please speak with <strong>the</strong> instructor or visit<br />

<strong>the</strong> Office of Student Conduct in <strong>the</strong> Lighty Student Services Building, Room 190.<br />

“What should exist? To <strong>me</strong>, that's <strong>the</strong> most exciting question imaginable.<br />

What do we need that we don't have? How can we realize our potential?”<br />

-– Paul Allen (Cougar Alumnus and Co-Founder of Microsoft)<br />

*This syllabus was adapted from a sample provided by <strong>the</strong> co-author of New Venture Creation: Entrepreneurship for <strong>the</strong> 21 st Century – Professor Stephen Spinelli<br />

(for<strong>me</strong>r Faculty at Babson College, Massachusetts and President of Philadelphia University). I am grateful to Professors Joe Harris (Cougar Alumnus and Faculty)<br />

and Leon Prieto (Savannah State University, Georgia). They copiously shared <strong>the</strong>ir teaching experience and course syllabi with <strong>me</strong>. I also thank Professor William<br />

(Bill) Rossi for suggesting so<strong>me</strong> of <strong>the</strong> experiential exercises that have been incorporated in this course. He is Associate Director at <strong>the</strong> Center Entrepreneurship<br />

and Innovation (CEI) and CEI Faculty Fellow at <strong>the</strong> University of Florida-Gainesville).


# This syllabus is subject to change at any ti<strong>me</strong>.

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