firm-level of observation & analysis broad faculty participation, multi-disciplinary viewing...
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• Firm-Level of observation & analysis• Broad faculty participation, Multi-Disciplinary• Viewing various Phases of Venture
Development• Covering the Emerging Technology spectrum
• Shared research training, interview best-practices
• Common database practices• Support personnel
Technology Venture Observatory(TVO)
Innovation Observatories
Scaling Beyond Historical Effortse.g. SPEC @ Stanford
http://www.gsb.stanford.edu/spec/pdfs/paper1.pdf
Industry Breakdown Absolute Number Percent
Computer related 87 50.9%
Telecom related 34 19.9%
Medical related 25 14.6%
Semiconductor related 12 7.0%
Manufacturing 10 5.8%
Research 3 1.8%
Total 171 100%
Industry Breakdown for Companies Participating in SPEC
http://www.gsb.stanford.edu/spec/2.html
Infra-Structural Mechanisms
1. Masters Research Seminars
2. Coordinated Special Projects / Lab
3. Team UROPs
4. Dean’s Research Fellows
5. Course Connection
6. Structured Theses
Example TVO Faculty Research Agendae
• Organizational Culture & Evolution, HR Practices, Talent Dynamics
• Entrepreneurial Financing & Reputation• Founder Strategy• Intellectual & Social Capital• Growth Strategies• Comparisons Between Sectors
…
Mapping Faculty in Disciplines to Phases of Venture Development
Strategy
MTIE
Org/HR
Finance
Marketing
Operat’ns
Prod DevIdeation Invention Incorporation Investment
sSales Profitabilit
yEscalation
TVO
Mapping Sloan Faculty to MIT’s Strategic Tech Sectors
Info Tech Bio Tech Tiny Tech Complex Systems
Develop’t
Innovations
Strategy
MTIE
Org/HR
Finance
Marketing
Operat’ns
Prod Dev
TVO
MIT Sloan Faculty at Various Levels of Systems Analysis
Economy
Sector
Firm
Group
Individual
Geography
Market/Tech
Organization
Theme
Idea
Technology Roadmapping
Technology &Entrepreneurial Strategy
Virtual CustomerInitiative
Emerging TechnologyVentures
Global Development
Venture Capital
Decision Psychology
Creative Communities,
Social Networks
Business Dynamics
TVO
TVO Research Positioning
N = NumberOf Companies
Surveyed
Richness of Detail
AggregateSurveys
Ethnographical
TVO
MIT-Linked Venture Communities
• MIT $50K Entrepreneurship Competition alumni (1989-present) ~100 companies, ~1,200 proposals
• MIT E-Lab Companies (1996-present) ~400 companies
• MIT TLO-Licensed Startups (1986-present), ~200 companies, ~5-15/year
• MIT Alumni-founded Companies (1865-present), ~5,000 world-wide, ~1-200/year
Possible Technology Venture Communities
• VC Portfolios, by Fund, by Geo, by Sector
• Emerging Technology Sectors
• Peer University spinoffs
• Corporate Venture relations
…
Organizational Dimensions of Venture Communities
• Phase of company growth
• Technology Sector
• Founder affiliation & characteristics
• VCs, by reputation, round of investment
…
Systematic Database Building
• Driven primarily by Faculty-led inquiry• Common baseline, high-standards bar for
interviews & empirical methods• Cross-comparable datasets• Extreme Longitudinal endurance ~5, 10, 20
years inquiry• Collaboration with visualization &
conceptualization experts at MIT, e.g. Frankel…
Aspiring to Answer the Most Compelling Technology
Venture Questions• Success – What are dimensions of success?• Urgency – How achieve these sooner rather
than later, to greater vs. lesser extent?• Differentiation – How are ventures similar and
different?• Endurance – What are enduring success
factors?• Improvement – Can we improve education &
inspiration of tomorrow’s innovative technology venture leaders and global citizens?
TVO Summer 2002 Plan
• Building general research infrastructure & processes
• Clarify Research Agenda– Short– Medium– Long term
• Speculate about TVO Seminar or Coordinated Project
• Crank on Short-Term effort– $50K– MIT alum
Proposed TVO Activity
• Informal Master’s Research Seminar• 5-9 Focused Industry Categories• 24-100 Companies per Category• 1-3 Interviewees per Company• Set up throughout Summer• Fall Semester interviews• 3-10 interviews per week• 1-3 students per interview• 15-30 students total• 12 weeks total
Entrepreneurial Culture Observatory
(proposed)
Professor Diane BurtonFall 2002
This Special Project Lab will explore entrepreneurial culture throughthe phases of technology venture development from birth through boom, buyout, &/or bankruptcy. We are especially interested in talentdynamics, HR practices, and how entrepreneurial cultures are formed.
Students will explore compelling questions via structured interviews& systematic inquiry with emerging growth Company executives in severaltechnology-business sectors, including wireless, medical devices, MEMS,neurotechnology & nanotechnology.
Independent Project Credit and Thesis follow-up opportunities are offered & encouraged.
Observing Organizational Evolution
• Organizational & employment-related problems & challenges faced by startups?
• Typical development patterns for entrepreneurial firms? Differences vs more established firms?
• How do employment policies & practices evolve over time?
• How do policies & practices influence subsequent deployment & performance?