Progress Magazine Annual Report 2011 - Eller College of ...
Progress Magazine Annual Report 2011 - Eller College of ...
Progress Magazine Annual Report 2011 - Eller College of ...
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earning<br />
their<br />
honors<br />
entrepreneurship honors<br />
students compete in open<br />
innovation challenge<br />
Entrepreneurship is about<br />
more than just launching<br />
companies, as honors<br />
students enrolled in the<br />
McGuire Entrepreneurship<br />
Program quickly discover.<br />
Over the past several years,<br />
these students have<br />
augmented their venture<br />
development experiences<br />
by participating in open<br />
innovation challenges<br />
intended to effect real<br />
change. The work <strong>of</strong> last<br />
year’s honors students,<br />
for example, resulted in an<br />
alternate valuation model<br />
that has been adopted<br />
into the program’s<br />
curriculum. Originally<br />
proposed as a useful way<br />
<strong>of</strong> looking at so-called<br />
eco-ventures, the model<br />
teaches students to<br />
identify, analyze, and<br />
articulate the noncommercial<br />
values <strong>of</strong> a<br />
venture, including social,<br />
environmental, and<br />
economic implications.<br />
This year’s nine teams<br />
<strong>of</strong> honors students were<br />
challenged to create<br />
a proposal for the<br />
Daron Shade Photo<br />
organization and<br />
development <strong>of</strong> a<br />
business plans group in<br />
the Southern Arizona<br />
innovation community.<br />
“The availability <strong>of</strong><br />
business plans is a huge<br />
hole in our region — there<br />
is no one place where an<br />
entrepreneur can go for<br />
business plans development<br />
in the community,”<br />
pointed out Sherry<br />
Hoskinson, director <strong>of</strong><br />
the McGuire Center for<br />
Entrepreneurship.<br />
Under the direction <strong>of</strong><br />
Matt Mars, lecturer in<br />
entrepreneurship, the<br />
honors teams conducted<br />
research, explored model<br />
scenarios, and made full<br />
recommendations for the<br />
formation <strong>of</strong> the business<br />
plans group, all while<br />
taking into consideration<br />
a set <strong>of</strong> minimum<br />
requirements defined<br />
by the McGuire Center.<br />
Matt Mars (center) with <strong>2011</strong> honors students.<br />
“We were really pleased<br />
with the proposals,”<br />
Hoskinson said. “We<br />
weren’t expecting to<br />
adopt one single model<br />
out <strong>of</strong> this challenge, but<br />
to generate new thinking<br />
on how to support<br />
entrepreneurial capacity<br />
in our region, and the<br />
students definitely<br />
brought that to<br />
the table.”<br />
eller progress n fall <strong>2011</strong> 13