We are excited to be welcoming colleagues from MIT Sloan School of Management to QUT in July 2023!
Dr Erin Scott, MIT Senior Lecturer in Technological Innovation, Entrepreneurship, and Strategic Management, will be presenting a seminar entitled, Entrepreneurship: Why Choice Matters
Entrepreneurial strategy is the sequence of choices a founding team makes to test specific value creation and capture hypotheses when entrepreneurial experimentation requires partial commitment. Specifically, as entrepreneurs explore an idea, they face many alternatives that cannot be pursued at once, and so must adopt (implicitly or explicitly) a process for choice, including the choice of a beachhead customer, the choice of an emerging technological trajectory, the choice of founding team and organization, and the choice of an initial commercialization strategy. Focusing on the choice of technology, a central premise of research in the strategic management of innovation is that firms are able to leverage technological trajectories as a source of competitive advantage. But, if the potential for a technology is given by the fundamental character of a given technological trajectory, then why does technology management matter? Or, put another way, if the evolution of technology is largely shaped by the choices entrepreneurs and managers make, then why do we believe that technological trajectories would exhibit systematic patterns such as the Technology S-curve? A choice-based perspective not only resolves this paradox but offers novel (and potentially testable) insights that clarify the linkage between technology strategy and technological evolution. A choice-oriented approach to entrepreneurship provides direct insights into the central strategic dilemmas facing entrepreneurs.
Date: Tuesday 4 July, 2023
Time: 11:00am – 12:00pm (a light lunch will be served)
Location: Innovation Central Brisbane | V Block, Room V310, Gardens Point Campus
Register by emailing future.enterprise@qut.edu.au
About Dr Scott
At MIT, Dr. Scott mentors early-stage entrepreneurs and teaches the award-winning Entrepreneurial Strategy course (MBA and EMBA) and the popular Entrepreneurial Founding & Teams course (MBA). Prior to MIT Sloan, Scott was an Assistant Professor at the National University of Singapore Business School. She completed a postdoctoral fellowship in the National Bureau of Economic Research’s Innovation Policy and the Economy Group. A recipient of the Kauffman Dissertation Fellowship, she earned her PhD in strategy from Washington University in St. Louis in 2013. Scott also holds an MBA-MS and BE in biomedical engineering from Washington University in St. Louis and Vanderbilt University, respectively. She previously evaluated and consulted for early-stage ventures in the medical device and biotechnology sectors.