Saturday, October 27, 2007

Carl Schramm Discusses Entrepreneurial Capitalism

Carl Schramm is President and CEO of the Kauffman Foundation. The Kauffman Foundation, founded in the mid-1960s, focuses on advancing entrepreneurship and supporting education for children and youth. It is the country's 26th largest foundation, with an asset base of about $2 billion.

On October 2, 2007, Schramm spoke to about 400 people on the Cornell campus as part of the Entreprenurship@Cornell speakers series. He discussed the concept of "entrepreneurial capitalism" which he defines as a radically new economy brought about by a series of random occurrences in the early 1980s, such as the collapse of some of the country's top companies, the era of junk bonds and the ensuing creation of 401(K) plans to support workers and venture capitalism to create new businesses.

In addition to that concept, Schramm shared thoughts on the prevalence of entrepreneurship in people's careers today and that the work world is a very different place for today's graduates than it was for their parents.

In the video clip below, Schramm states that entrepreneurs are key to the American economy because they innovate, create jobs and generate wealth.



To hear more of the lecture, click here to access Schramm's comments in eClips.

For more information about the event, please access this The Cornell Chronicle article.

Saturday, October 20, 2007

Angela Mwanza Honored

The Black Graduate Business Association of the Johnson School at Cornell University hosted its seventh annual symposium on Saturday, October 20, 2007

During the event, Angela Mwanza was awarded the fifth annual Wilbur Parker Distinguished Alumni Award. Presented by Johnson School dean Joseph Thomas, this award honors Johnson School alumni for outstanding professional achievements and commitment to their community.

Mwanza is a vice president at Lehman Brothers Private Investment Management where she manages a team advising wealthy individuals and their families, charitable organizations, endowments, and corporations on strategies to preserve, grow, and transfer wealth. She is on the dean's leadership committee for the Johnson School as well as the Entrepreneurship@Cornell advisory board. She currently serves on the advisory board for the Rhythm & Blues Foundation and is a committee member of the Harlem YMCA as well as God's Love We Deliver, a New York City AIDS charity.

For more information about the event, please click on this link.

Click here to access Mwanza's comments in eClips.

Monday, October 15, 2007

Mike Leven Discusses Entrepreneurship

On October 2, 2007, Michael Leven, vice chairman of The Marcus Foundation, kicked off the 2007/2008 "Conversations with Entrepreneurs" series at the Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship at the Cornell School of Hotel Administration.

Leven is vice chairman of the Atlanta-based Marcus Foundation, where he has been a trustee and a member of the board. The Marcus Foundation was founded by Bernie Marcus, co-founder of Home Depot and one of America's most generous philanthropists. Leven was formerly president and CEO of US Franchise Systems, Inc. (USFS), a company he founded in 1995 that franchises the Microtel Inns & Suites and Hawthorn Suites hotel brands. Under Leven’s tenure, USFS gained national recognition as a franchisor committed to both the customer and the franchisee. Prior to that, he was president and COO of Holiday Inn, Worldwide; Days Inn of America; and Americana Hotels. At Days Inn Leven led initiatives to hire older workers, people with disabilities, and the homeless, a commitment that earned the company an Outstanding Employer Citation from the AARP.

In the clip below, Leven shares his personal philosophy about business:


Click here to hear more from Mike Leven.

Click here to learn more about the Institute for Hospitality Entrepreneurship's "Conversations With Entrepreneurs" series.

Monday, October 08, 2007

Tooting Our Own Horn

We just came across a letter from the editor of AACSB (Association to Advance College Schools of Business)
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No doubt about it, entrepreneurship students are part of the video generation. YouTube has over 1200 videos on the topic, ranging from a rundown on the Xavier University program done by students, to interviews with former Intel president Andy Grove. The challenge to educators is how to find good videos. Fortunately, several entrepreneurship programs offer comprehensive answers. These include:

eClips.cornell.edu: The eClips collection is a free service (requires registration by faculty) with over 8500 clips of entrepreneurs, experts and managers covering all aspects of entrepreneurship and business. What is remarkable is that every clip is transcribed and searchable, so a query on “cash flow” will produce nearly 200 clips. For every clip, eClips provides information (and downloadable Powerpoint slides) on the speaker and the company, as well as related clips.

edcorner.stanford.edu: While a smaller collection than eClips (977 clips), this collection boasts some of the most famous names in the business – Guy Kawasaki, John Doerr, and Larry Page to name a few. The site also is free to use.

There also are commercial sites with outstanding clips on entrepreneurship, such as SBTV.com (the Internet’s small business television network), Your Money on MSNBC (www.msnbc.msn.com/id/13561213/) – which even has an online elevator pitch collection, and BusinessWeek.com’s video collection (at the hard-to-remember URL of "http://www.businessweek.com/mediacenter/video/direct.html" http://www.businessweek.com/mediacenter/video/direct.html). These commercial sites’ videos all boast uniformly top-notch production values, and a fast-paced approach, however, none of them offer the level of in-video searching that the two academic sites make available.

Pedagogically, these sites make it possible to expose students on your schedule to a broader range of entrepreneurs and topics than can easily be done in the classroom setting. Most of the videos from these sites are short (2-4 minutes) and can punctuate points quickly, letting your faculty cover more. For multisection entrepreneurship courses, using the videos help assure a common experience among the different sections.

The new online video revolution has led to a different educational experience than the publisher-supplied approach of a few years ago. Today, each university and even each class can have a unique combination of high-quality videos, drawing on a mix of well-known and less locally known entrepreneurs and businesses. That is a practical example of the benefit of the modern, more collaborative, Web.
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To reference the article, please use this link.

Wednesday, October 03, 2007

Tiffany Norwood Speaks To eClips


The main competitive advantage that you can have over and above anything else as an individual starting a company is to really be passionate and have a strong intent for what you're doing.

- Tiffany Norwood

Tiffany Norwood is the co-founder and Executive Vice President of Commercial Opperations for Next Generation Broadband(NGB). Norwood manages all commercial activities for NGB, including sales, marketing, product development, customer management, strategic partnerships, as well as, corporate strategy.

Norwood recently took the time to speak with eClips about her academic and professional background as well as her creation of Next Generation Broadband. She also shared thoughts on the importance of developing a culture of respect within the company to encourage and retain employees. In addition, Norwood discusses funding, exit strategies, entrepreneurship and work-life balance.

Below, we've included a portion of one of Norwood's clips where she discusses the impact that rowing crew in college had on her future interactions on teams in the business environment.



Interested in hearing more from Norwood? Please check out her interview in eClips.