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Spotlight on #PHXstartupweek

Posted By Christine Pigsley, 11 hours ago

By: Jeff Saville, Gateway CEI, Phoenix AZ

Email contact: jeff.saville@ceigateway.com 

 

The end of February saw the spotlight shine bright on the greater Phoenix area and its burgeoning entrepreneurial scene. Phoenix Startup Week, powered by Chase, was a celebration of local startups, their supporters, and our cities. From Scottsdale to Tempe to downtown Phoenix, the week was filled with presentations from some of the best entrepreneurial talent in the community.

 

The Center for Entrepreneurial Innovation was one of the stops during the week as CEI showcased a growing subculture within the ecosystem: medical device startups. In partnership with MedicoVentures and Phoenix Analysis Design & Technologies (PADT), the afternoon featured Bret Larsen of eVisit, Kent Dicks of Alere Connect, and Matthew Likens of Ultera, Inc., offering their perspectives on the growth and commercialization process for med tech companies. The event culminated with tours of PADT “Startup Labs” at CEI, which features 3D printing and design opportunities for entrepreneurs throughout Phoenix – with a particular focus on medical devices. (For more info, read AZ Tech Beat’s recap: http://aztechbeat.com/2015/02/3d-printing-cei-gateway-padt-phxstartupweek)

 

Overall, every startup ecosystem needs defining moments such as these to gain additional support from the general community – particularly the "uninitiated" outsiders – and to generate local and national exposure for its entrepreneurial initiatives. For at least one week, greater Phoenix incubators, accelerators, co-working spaces, support organizations, corporate partners, and of course entrepreneurs consciously abstained from “operation in isolation” and joined forces to share their stories and learn about one another’s efforts. And we certainly consider Phoenix Startup Week a huge success as a result.

 

To reference Phoenix Mayor Greg Stanton’s tweet on the week: “Nearly [2000] registered, [we are] ready to energize our entrepreneurial ecosystem.”


Here’s to doing it all over again next year!

Tags:  community college  economic development  effectuation  entrepreneurial mindset  entrepreneurship  Gateway CEI  Maricopa Corporate College  NACCE 

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Let's Talk Effectuation with Sara Whiffen

Posted By Christine Pigsley, Thursday, February 26, 2015

The numbers behind Effectuation- How do we show progress in the Entrepreneurial College?

By: Sara Whiffen, Insights Ignited

Email: sara.whiffen@insightsignited.com

 

Consider evaluating your effectual activities in three primary buckets:

    1. Actions  -- Things I did
    2. Activities – How others got involved
    3. Impact – What the outcomes were

Use Qualitative Tracking:

Marketing as a discipline has faced similar challenges (Brand awareness, Customer loyalty, Customer Relationships).

 

What can we learn from them? 

1.     Process:  Define; Measure; Report; Refine

2.     What’s the effectual equivalent of Customer Relationships, Stakeholders, Presales?·      

 

Are there other ideas?  Try tracking mindset change

 

Try framing Qualitative Measurement using the 5 Principles of Effectuation:

1.     Bird in Hand- Did you discover / use any previously slack assets?  Identify things borrowed / recycled rather than purchased.

2.     Affordable Loss- How did you manage to a minimal investment until you saw the idea take root? 

3.     Crazy Quilt- What actions have you taken to nurture co-creative relationships? What ways did you foster for people to create connections? How was a diverse population exposed to your process, so as to increase resources and co-creation opportunities?  What did your stakeholders bring to the project?  Have you made any new relationships?  Engaged any new stakeholders?  Who and what do they bring to the project? 

4.     Lemonade- What did you put in place to remain flexible and take advantage of opportunities as they arise? Did you make any changes to the plan based on new information / partners / resources? 

5.     Pilot in Plane-  What positive externalities did you receive from this worldview? Are people on your team thinking effectually?  Do they feel more confident /optimistic / more in control?   

 

Let’s not forget the Quantitative tracking:

1.     Bird in Hand-  How were costs reduced by using existing resources? 

2.     Affordable Loss-  Manage to a “spending” or “investment” budget of no more than…$x. 

3.     Crazy Quilt-   Stakeholders – how many are participating?  Are any of these new to your group?  Note:  This is not about getting the most.  But about growing awareness of the co-creation principle through consideration.  How many stakeholders invested more this time than previously? How many stakeholders brought new voices to the table? Percentage increase in number of stakeholders. Number of new areas entered with partners.  Number of students engaged.  Number of community members engaged.

4.     Lemonade-  Dollars saved due to unanticipated acts.  Positive outcomes due to unanticipated acts

5.     Pilot in Plane-  Percentage of time you / your team spend “effectuating”.  Percentage decrease in costs to experiment. Percentage of new ideas tried.  Number of failures (If you’re not failing, you’re not trying – and you’re not learning). Percentage of people impacted / reached by the new idea (remember to define “impacted” at beginning of project). Use these to set a baseline and then look for changes over time.  

 

We Measure and Track- But then what? 

1.     Publicize·      

  • Integrate with existing reporting.  
  • Create a separate effectual dashboard or highlights report.
  • Tell your stories.

2.     Recognize

  • See successes – reward them
  • Acknowledge failures – learn from them

3.     Reorganize

  • Resistance?  Bring the discussion to what you’re really trying to accomplish and allow the input to shape future iterations.    

 

Tags:  Coleman Foundation  community college  effectuation  entrepreneurial mindset  entrepreneurship  insights ignited  NACCE 

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Eastern WV Community & Technical College Gets the Whole Community Speaking Effectuation

Posted By Christine Pigsley, Monday, February 23, 2015

Opportunities for Business Startups Available in Wardensville by Jean Flanagan

Reprint Courtesy of the Moorefield Examiner Newspaper, Moorefield WV February 4, 2015

As community colleges and NACCE members we talk about Effectuation (the Entrepreneurial Method) frequently, but Entrepreneur in Residence Joe Kapp & Eastern WV CTC President Chuck Terrell are taking it to the streets of their community and making it part of the local vocabulary on entrepreneurship and small business. Check out this great front page article from their local newspaper. This is definitely "Entrepreneurship in Action". 

For more information contact Joe Kapp at Joseph.Kapp@easternwv.edu


 Attached Files:

Tags:  Coleman Foundation  community college  Eastern West Virginia Community and Technical Coll  economic development  effectuation  entrepreneurial mindset  entrepreneurship  NACCE 

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Don't Forget Adult Education & GED Students

Posted By Steven Groner, Wednesday, February 18, 2015
Updated: Friday, February 20, 2015

When the Kaskaskia College Entrepreneurial Team started quizzing Deans and Department Heads about where Effectuation can have a large impact, Adult Education and the GED Program jumped out to us as an un-realized audience. The people in these programs are street-smart and creative, where effectuation techniques often help them survive.

I am reminded of a story that I believe Patrick Henry CC relayed- a used car came into their possession, was fixed up by their auto-tech program and then went into service as a service car for students... Effectuation techniques for sure.

Tags:  effectuation  entrepreneurial mindset  entrepreneurship  Kaskaskia College 

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Let's Talk Effectuation with Sara Whiffen

Posted By Christine Pigsley, Sunday, February 08, 2015

We invite you to share in a conversation with Sara Whiffen, Effectuation expert and the Coleman Foundation Entrepreneurial Colleges in Action grantees on a question that many of us deal with on our campuses every day. 

Which metrics or measurements do you think best capture the mindset of effectuation -- and why?

Please comment on this posting with your thoughts, ideas, and questions.

Tags:  Coleman Foundation  community college  effectuation  entrepreneurial mindset  entrepreneurship  NACCE 

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Fox Valley TC Pilots an Accelerated Entrepreneurial Mindset Course

Posted By Christine Pigsley, Sunday, February 08, 2015

By: Douglas Schacht, Entrepreneurship Instructor,  Fox Valley Technical College, Appleton WI

For more information email: schacht@fvtc.edu 

The 2014-2015 Coleman Foundation Grant received by Fox Valley Technical College is focused on promoting and piloting an accelerated three-credit entrepreneurial mindset course as an elective for students in program areas that naturally lend themselves to self-employment (horticulture, residential construction, interior design, culinary arts, etc.).  The project was specifically designed to address Presidents for Entrepreneurship Pledge Action Steps 1, 2, 4, & 5.  We chose to create an accelerated, 5-day, 3-credit course to be taught during our January 2015 and August 2015 interim weeks.  Our goal was 15 students per class, and our inaugural class that recently wrapped up had 12 students in it from a variety of program areas. 

I recently completed reading and grading their final reflection papers and was pleasantly surprised by many of the comments shared by students.  The overarching theme went something like “I had no idea what to expect walking into this course but am so glad I took it.  After this experience I am more confident in my future than I ever could have imagined.”  Reflecting on those comments it seems clear that we did a good job helping those students embrace their internal locus of control and power to choose which is critical for these future entrepreneurs. 

A significant lesson learned is that we need to do a better job educating our internal stakeholders on what this course provides and use the students from this course as ambassadors in the recruitment process for the August course.  We will also be reaching out to our Student Life team to engage them in the shaping of this course and outcomes moving forward.

Tags:  Coleman Foundation  community college  effectuation  entrepreneurial mindset  entrepreneurship  fox valley technical college  NACCE 

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Inside the Entrepreneurial Method by Sara Whiffen

Posted By Christine Pigsley, Monday, January 05, 2015

Ask Yourself- Can I Use Effectuation Now? 

By: Sara Whiffen, Insights Ignited

This is part of a series of monthly blog articles from the work that is being done on engaging effectuation (the entrepreneurial method) in the 10 Coleman Foundation Entrepreneurial Colleges in Action Grantees from around the country. We wanted to share this information with the larger community of practice so you too can start integrating the entrepreneurial method in your department, your college, and your community.

The professional problem solving toolkit, relies on a strong causal skill set.  Strategy, budgeting, forecasting, and staffing processes are largely influenced by prediction and planning. 

Where does effectuation fit in?  It’s a complementary logic of non-predictive control.

When is it best applied?  Effectuation is best applied for innovation.  When approaching a new opportunity or problem to solve, as yourself the following questions:

1.     Is your goal uncertain or open-ended?

2.     Is there a lack of historical data available to you?

3.     Are you doing something you’ve never done before?

If your answer to at least two of these is “yes”, then this is a good opportunity to apply effectuation.

How can effectuation be assimilated into a causal environment? 

    1. Fully applied to new processes. 
    2. Integrated within existing causal processes. 

Both of these methods work, and will depend on the specific situation.   

Questions to consider when integrating the effectual mindset into existing processes

1.     What elements of effectuation “fit” best with your existing culture?  Consider incorporating these into existing formats. 

      • If you’re lacking strong planning processes, ask yourself if there are ways that you can apply these heuristics to give shape to processes (or lack thereof)?
      • If you have strong planning processes, can you use these as part of your means? 

2.     Are there opportunities to run effectuation in parallel with planning processes? 

      • Market research, budgeting, and partner engagement are common areas of opportunity

3.     What areas do you have control over in which you can experiment (relative to your affordable loss)?

4.     How can you use storytelling to drive comfort and familiarity with the effectual principles? 

5.     How can you engage stakeholders throughout your college to have them consider possible integration opportunities?  

Effectuation can be applied effectively in a causal environment. 

Integrate it?  Assimilate it?  Share it?  There are many different approaches. 

The best methods for your college are up to you, as the “institutional entrepreneur”, to decide.  

Tags:  Coleman Foundation  community college  effectuation  entrepreneurship  NACCE 

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Effectuation Ramp up at Ivy Tech Community College - Indiana

Posted By Steve E. Bryant, Thursday, December 18, 2014

Ivy Tech Community College is the only community college in Indiana and it's statewide network with over 15 regions and 23 main campuses.  We were a recent Coleman Foundation award winner at the 2014 NACCE Annual Meeting and our proposed project is to host a statewide Entrepreneurship Summit for all Ivy Tech faculty and staff engaged in entrepreneurship education at the College to grow it across the State of Indiana.

Our program is fairly new, as we first launched our ENTR program in the Fall of 2011 with only a few campuses offering them to students.  Since that time, we have launched 6 classes, created new certficates, finally received approval for financial aid for the certificates (whew) and offered 3 new on-line classes.  The number of students went from about 50 to over 160 in just a few semesters, but only 4-5 campuses are running the courses and we still are seeing low enrollments across most all of them.  This is painful since we know the program has the quality we want in the curriculum and the instructors, but the marketing of it has been challenging with a statewide audience.

It is our hope that a statewide ENTR summit in the Summer of 2015 will allow us to bring together internal stakeholders to identify challenges, strategies, actions and a plan for growing the program so our students can take their ideas and make them a reality upon graduation or when they are ready to launch their business.  We also want to ensure that external stakeholders have a say in how we structure our program and could be essential partners in marketing to other audiences.  We started talking about the Effectuation process during the Master Class at the NACCE conference and have since made some modifications as we reviewed the application we filed back in September. 

We think the Effectuation process will allow us to take some fuzzy goals and add more meat to the outcomes we want to make.  In talking with some external partners likely to be supportive of our efforts and participate in the program this summer, we learned that they were far more excited and engaged than we could have imagined.  Guessing this falls under the Crazy Quilt principal and they suggested we engage them earlier than the event to help plan and already want to help market our program across the State of Indiana as they pitch small business resources through the Office of Small Business and Entrepreneurship run by our Lt. Governor, Sue Elspermann. 

We were unsure where to start, but Sara Kiffen's guidance and recent blog post helped us understand when and where to start using the Effectuation techniques to aid our process.  We are just beginning, so not sure where it will all go, but we're excited to see where it all goes.  One of my personal goals is to show how our program can demonstrate new business startups across the State and in rural regions crying for something they can do to stop the tide of young people leaving for more urban pursuits.  We think our program has a lot of potential to show the way to reach down into the high schools and we are just getting to adding them to our stakeholder "hit list."

Anyhow, if you have suggestions or want to know how it is going, we'll try to keep the blog posts updated as we kick the door down into 2015...Gonna be quite a ride! 

Tags:  Coleman Foundation  community college  effectuation  entrepreneurship  NACCE 

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Let's Talk Effectuation with Sara Whiffen

Posted By Christine Pigsley, Monday, December 15, 2014

This month we are going to share in a conversation with the Coleman Foundation Entrepreneurial Colleges in Action grantees on a question that many of us deal with on our campuses every day. Please comment on this posting with your thoughts, ideas, and challenges.

“How do you talk about effectuation with internal and external stakeholders at your college?”

Tags:  Coleman Foundation  community college  economic development  effectuation  entrepreneurship  NACCE 

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Inside the Entrepreneurial Method by Sara Whiffen

Posted By Christine Pigsley, Monday, December 08, 2014

Begin Where You Are

By: Sara Whiffen, Insights Ignited

This is the first of a series of monthly blog articles from the work that is being done on engaging effectuation (the entrepreneurial method) in the 10 Coleman Foundation Entrepreneurial Colleges in Action Grantees from around the country. We wanted to share this information with the larger community of practice so you too can start engaging in conversations in your department, your college, and your community.

  1. When getting started, don’t look outward for “inspiration” or “vision”; look inward. 
    • Are you starting with a specific problem to solve?  If so, you want to develop outcomes that are solutions.  This provides some constraints that might help you prioritize next steps and possibilities. 
    • Are you starting with an idea to create additional value?  In this case, you might have more flexibility in terms of how you move forward.
  2. Be honest with yourself about your organizational culture.  Take a few moments to identify potential barriers / challenges.  Does effectual thinking fit intuitively with your existing organizational culture?  Or will it be a challenge for people to think in this way?  Is it a challenge for you, personally, to think in this way? 
  3. Understand what is non-negotiable.  This is especially important in institutional settings.  Understanding your boundaries will allow you more freedom to pivot when the opportunities arise. 
  4. Do you have a traditional planning process that you must / want to follow?  If so, before getting started, look for opportunities to either insert effectual thinking or operate in parallel.  This can be an effective way to get others internally on board with this approach. 
  5. Start Asking!  Get yourself and your teams to begin making asks, even on a small scale.  Practice is essential to building the competence and confidence that will be needed for true co-creation. 
  6. Track your successes and failures.  Decide now how you will record your experiences with this process – both the positives and negatives.  Since this method relies on interactions, consider capturing conversations. 

Effectuation is not an all or nothing approach.  Just as every business idea does not warrant an extensive business plan, not every entrepreneurial action needs to be effectual.  Expert entrepreneurs are proficient with using both causal and effectual thinking. They understand when and how to apply both mindsets with fluency.

I encourage you to comment on this blog to share your experiences implementing effectuation in your organization and any challenges you are facing.   

 

Tags:  Coleman Foundation  community college  effectuation  entrepreneurship  innovation  NACCE  strategic planning 

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