Entrepreneurship

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Innovative Organizations and Heuristic Approach: How Entrepreneurial Mindset Nurtures Innovation Inside Organizations

All companies in our era, try to come up with innovative solutions to create competitive edge, but not all of them can even barely get close to any innovative product or service. The reasons behind the innovation asymmetry between firms lies behind several seasons. While there are some external factors such as financial constraints, environment, and infrastructure, the internal factor, which is the corporate culture weighs more. Individual creativity is the most crucial foundation of innovation. It is always those…

the little prince
All Grown-ups Were Once Children, But Only Few of Them Remember It

The book, “The Little Prince”, a masterpiece by Antoine de Saint-Exupéry is renowned as   a children’s book, and hence the title of this post might seem out of scope of entrepreneurship. In this post, however, I focus on the key concern of the little prince, which is grown-ups – who could not understand children- of the business world. Strategic Entrepreneurship (SE) is a well-known term among community of academic scholars and hence a suggested strategic tool for large enterprises…

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Startup Overvaluation: A Pitfall for Entrepreneurs and Venture Capitalists

The success stories of Silicon Valley startups and their growth made a big change in business paradigm worldwide. Tech savvies tend to start their own company and investors are more exit-oriented than before, giving up the dividend approach of traditional businesses. Mentors and startup consultants also lead them to negotiate on valuation. In this case, the potential investor seeks for less valuation, while the startup and previous investors fight for higher valuation of the company. Unfortunately, the scholars in entrepreneurship…

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The Sun Will Come Out Tomorrow: Entrepreneurial Lessons from Elon Musk

I am not surprised! Tesla just unveiled the new model 3, which is an affordable version of Tesla cars. Elon Musk finally introduced a Tesla for the average earners and that’s what I was expecting him to do, as he has been trying hard to make space travel available for everyone too. Yes! This is something unreachable for the time being, but Elon’s previous successful startups were all sort of unreachable dream-like ideas that came true. In the book, “…

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On the Character of the Golden Eagle Venture Capitalists: How They Avail themselves of Failure

Entrepreneur’s character is an axiomatic factor that fosters innovation and entrepreneurial activities. Entrepreneurship scholars have long been conducting research on entrepreneur’s character, contemplating it both as a major factor for entrepreneur’s success and a salient stimulus to entrepreneurial activities. Nonetheless, there has been less research on other players of entrepreneurship ecosystem such as venture capitalist.

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Corporate Venture Capital: Why Large Enterprises Introduce their Investment Arm?

Startup events are ubiquitous nowadays and many companies and individuals are inclined to entrepreneurial practices. As a result, large enterprises have outrageously commenced to play a role in the entrepreneurial ecosystem by starting their investment arm or Corporate Venture Capital (CVCs) firms. I have recently been consulting two of these large companies to start their own CVCs and comparing these CVCs to the regular venture capitalists I have worked with, I maintain that these two types of venture investments are not…

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When Seconds Matter: The One-Minute Pitch and the Dominance of Value Proposition

The trend in entrepreneurship and startup activities has been shifting in the last decades. Concepts such as lean startup, customer development, and business model canvas, were introduced to the world of entrepreneurship and shorter pitches replaced long business plans. The one-minute pitch has been increasingly used among investors and in business competition events, however, many technopreneurs have still problem presenting their business idea in such a short time. They believe that the innovation and the complexity of the business idea…

Fly fishing and entrepreneurs
Contingency Planning: How Fly Fishers and Entrepreneurs Deal with Ambiguity

It is springtime and the mother of nature is showing its beauty again. I have been involved in such outdoor activities as hiking and fly fishing for years, and it is the time for more outdoor activities now. In this post, however, I am going to discuss fly fishing from its other perspective: the contingency planning.

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Business Idea Competitions: Flying Under the Radars vs. Revelation of the Idea

I have been involved in business idea competitions since 2010 and more seriously in “Sharif Entrepreneurship and Business Development Festival” in the last two years as a judge, mentor, and lecturer on technology commercialization. In this post, I am going to discuss some facts that should be taken into consideration before submitting your idea to such competitions. Entering business idea competitions has some pros and cons for prospective entrepreneurs.

Commercialization
From Idea to Implementation: Major Deterrents to the Technology Commercialization

Commercialization is one of the challenges that the science world faces today. The main aim of the science world is to serve people either in solving their problems or in improving their current life style. However, not every successful scientific research or invention can make it successfully to a proper commercial platform. There are dozens of patent registrations every day from which only few can make it to the market. In this post I deal with the major obstacles that…

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