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On this paper talk innovation and entrepreneurship research group annual report 2011.
INNOVATION & ENTREPRENEURSHIP
RESEARCH GROUP
ANNUAL REPORT 2011
THE UNIVERSITY OF SYDNEY
BUSINESS SCHOOL
CONTENTS
02 WELCOME
03 MEMBERS
04 OVERVIEW OF ACTIVITIES
06 RESEARCH PROJECTS
07 RESEARCH SHOWCASING & ENGAGEMENTS
09 RESEARCH PUBLICATIONS & CANDIDATES
11 FINANCIAL REPORT
12 FUTURE PLANS
2
Innovation, entrepreneurship and
enterprise are critical components of a
healthy and prosperous economy, and
the process of identifying and exploiting
new opportunities requires a number
of participants, including creative
individuals, entrepreneurs, businesses,
investors and government bodies.
These participants are supported
by researchers and educators who
provide new insights and dissemination
of current knowledge. By acting as a
conduit for this process, IERG members
hope to engage the entrepreneurial
community on both a local and an
international level.
This report presents the IERG’s
activities in 2011. We also publish
a separate annual report on our
associated Innovation and Enterprise
Ventures, which we encourage you
to read.
For the IERG, 2011 was a year of
consolidation and growth. We continued
to develop and expand our research
projects and networks, with the beneft
of strong support from industry and
from the University of Sydney Business
School and the University as a whole.
Highlights of the year included the
founding of the Entrepreneurship
Development Network Asia
(EDNA) with the Indian Institute of
Management, Bangalore, and the
University of Economics and Business
at Vietnam National University in
Hanoi. The goal of this project is
to create a leading community of
scholars, educators and practitioners
in this feld in the region, with
universities in Indonesia, Cambodia,
Laos and Myanmar targeted for
future membership.
In a related initiative, the IERG
supported a research symposium
in Hanoi to better understand
entrepreneurial women in the region.
Other highlights of the year included
visits from leading scholars, members
publishing in prestigious publications
and presenting at international
conferences, and progress with
signifcant research projects including
the Merck Foundation–funded
Casebank of Innovative Globalisers.
For 2012, our objectives will be to
continue our focus on:
WELCOME
Established in 2006, the Innovation and Entrepreneurship Research Group (IERG) is a
cross-disciplinary team of researchers focusing on business innovation and entrepreneurial
ventures and people. Within this context, areas of particular focus include internationalisation
pathways, strategic management, and business and social entrepreneurship.
– research projects and publications –
facilitating research into innovation
and entrepreneurship though the
creation and support of a network
of scholars and institutions, and
publishing the results of this research
– research showcasing and
engagement – disseminating research
among scholars, students and the
wider community
– research-led teaching and learning –
supporting, through research, the
teaching and outreach activities of the
University across the region
– research resourcing – assisting in
the securing of research grants
and funding.
We are grateful for the ongoing support
and inspiration received from alumni,
students, donors and the broader
entrepreneurial community, and we
look forward to further enriching
and deepening our networks and
engagements in the coming year.
On behalf of all IERG members, thank
you for your involvement and support.
PROFESSOR SID GRAY AND
DR RICHARD SEYMOUR
CO-DIRECTORS
3
FACULTY MEMBERS
Sid Gray, International Business
Richard Seymour, International
Business
Donnel Briley, Marketing
Richard Dunford, International Business
Massimo Garbuio, International
Business
Hans Hendrischke, Confucius Institute
Ron Johnson, Australian Centre
for Innovation
Robyn McConchie, Agriculture
Jordi McKenzie, Economics
Bruce McKern, United States
Studies Centre
Olivera Marjanovic, Business
Information Systems
Leanne Piggott, Dean’s Unit
Alan Randall, Agriculture
Jim Rooney, Accounting
Maria Rumyantseva, International
Business
Ranjit Voola, Marketing
Nick Wailes, Work and Organisational
Studies
Catherine Welch, International
Business
Chris Wright, Work and Organisational
Studies
Zhan Wu, International Business
Gracy (JY) Yang, International Business
Above: Dr Richard Seymour; Right: Professor Sid Gray
MEMBERS
ASSOCIATE MEMBERS
David Anstice, CSL Limited
Sandy Beard, CVC Limited
Lisa Kelaher, SIFE Faculty Advisor
Joe Seisdedos, Grifth Hack (adjunct
teaching)
Andrew Stead, ATP Innovation
(adjunct teaching)
Jefrey Tobias, The Strategy Group
(adjunct teaching)
Lorne Wood-Roe, Adams Pluck
RESEARCH CANDIDATES
Shanie Atkinson (adjunct teaching)
Michael Imstepf
Matthew Keast
Linh Nguyen
Jarrod Ormiston
Fanny Salignac (adjunct teaching)
4
As a core element of this program,
the IERG supports:
– I&E teaching and learning,
through problem-based learning,
action research, cross-faculty
teaching, executive education and
internationally delivered units as part
of the Innovation, Creativity and
Enterprise program
– I&E ventures, through community
collaboration, corporate engagement
and faculty-and student-led research
and other activities aimed at
community and student development
through entrepreneurship.
– Local and international networks
that collaboratively develop fresh
approaches to teaching, research
and engagement.
The Innovation and Enterprise (I&E) program at the University of Sydney Business
School is grounded in three fundamental activities: teaching and learning; research;
and engaging ventures. Its primary focus is on entrepreneurship, creativity, strategy
and innovation, and their synergies. The following pages review the research activity
organised under the IERG in 2011. This research activity is part of a broader set of
initiatives, as illustrated below.
OVERVIEW OF ACTIVITIES
The IERG seeks to develop and share
understanding of entrepreneurial and
innovative activities within a variety
of settings, as illustrated on the
following page.
INNOVATION & ENTERPRISE
PROGRAM
Research
IERG (Innovation & Entrepreneurship
Research Group)
PhD & MPhil candidates
Consultancies
Pro-bono work
Teaching Global EMBA module
Master of Management unit
Master of Commerce specialisation
Graduate Certifcate in Innovation
& Enterprise
Bachelor of Commerce units
I&E Ventures
Faculty-led ventures
Student-led ventures
Research workshops and showcases
Networks
EDNA (Entrepreneurship Development
Network Asia)
Industry
Entrepreneurs (commercial and social)
Government (state and local)
OECD
Alumni
Community and NGOs
5
The IERG’s focus includes new markets,
new products and new business
processes, as well as the entrepreneurs,
innovators and leaders involved. It
works with both existing and new
businesses, and with both start-ups
and corporate businesses.
The IERG also ensures that research
activities inform the Business School’s
teaching in this feld at undergraduate,
postgraduate and executive education
levels. IERG members are responsible
INNOVATION &
ENTREPRENEURSHIP
RESEARCH GROUP
Research projects
Casebank of Innovating Globalisers
Teaching development impact
Measuring social impact
OECD Entrepreneurship Indicators Program
Creative industries
Publishing industry
Documentary flm
making
Creative precincts
Technology
Biotechnology
High-tech
manufacturing
Clean-tech
Corporate venturing
& SMEs
Bootstrapping
Planning
Turnarounds
Social
entrepreneurship
Fair trade
Impact investing
Indigenous enterprise
International
Growth
Internationalising
pathways
New processes
Turnarounds
Open innovation
Decision making
Business model
innovation
New markets
Geographies - Asia,
Europe
Remote & rural
Radical innovation
Internationalisation
Entrepreneurial
activity
The entrepreneur
Education
Social aspects of
leadership
High-growth
enterprises
Agriculture
Remote business
Remote and rural
e-Publishing
Design thinking
New product
development
New products
A range of phenomena
and stakeholders
of interest
Research engagements
Engaged practice
Problem-based learning
Alternative assessment tasks
Research workshops Research showcases
Symposium on
Innovation &
Entrepreneurship 2009
Women Entrepreneurs:
Academic Issues 2011
VIVID
SEFA
Desert Knowledge
Australia
TiE
Research-led teaching
Funding secured
Merck Foundation
CVC Ltd
Adams Pluck
Thyne Reid
FAHCSIA
DEEWR
IPDF
Innovation Capital
SEFA
Teaching into Global EMBA, Graduate Certifcate
in Innovation & Enterprise, Master of Commerce
(Strategy & Innovation specialisation), Master
of Management, Bachelor of Commerce units,
Master of Sustainability
Research networks &
membership
EDNA
(Entrepreneurship
Development
Network Asia)
GSOM St Petersburg,
FU Berlin
CEMS innovation,
Creativity &
Entrepreneurship FG
Industry (OECD,
SEFA)
Advisory members &
mentors (industry &
government leaders)
Regional engagements
focused on building
long-term
relationships
for delivering each of the key innovation
and enterprise units of study ofered
by the Business School, whether at
the level of business innovation or
opportunity recognition. While not
a core activity of IERG members,
research-led teaching inspires the I&E
program. IERG members also supervise
an increasing number of PhD and MPhil
research students, with several new
candidates commencing in 2011.
6
The IERG focuses
on innovation and
entrepreneurship and how
they manifest as new
markets, new products and
new business processes.
RESEARCH THEMES
In 2011, we concentrated on
understanding and developing
knowledge of:
– business innovation and its
ecosystems, for example, alternative
business models for high-value
Australian exporters
– innovation and entrepreneurship in
the creative industries, specifcally
the implications of value creation and
exchange in the creative industries
(such as publishing, flm and design)
– how entrepreneurial activity can be
identifed and measured; this project
includes the OECD and Eurostat
– social entrepreneurship, in particular
the geographical, cultural and
structural issues confronting business
in remote and Indigenous Australia;
this project includes the support of
Social Enterprise Finance Australia
– how entrepreneurial activity manifests
in developing economies, specifcally
ASEAN countries, India and China
– how corporate entrepreneurial activity
is managed and encouraged in mature
Australian corporations, particularly
within the context of seeking new
international markets
– the internationalising and innovative
behaviour over time of ventures with
highly valued intellectual property
– case studies of entrepreneurial women
in the ASEAN region.
RESEARCH PROJECTS
MERCK RESEARCH PROJECT
The MERCK Foundation granted the
IERG $350,000 to research the lifecycle
development of Australian frms that
are rich with Intellectual Property (IP)
as they innovate, globalise and grow.
The project’s objective is to
understand the process of innovation
and globalisation relevant to IP-rich
companies, and examine how these
processes intersect and evolve over
time. We consider every stage of the
lifecycle and how they inter-relate and
impact each other, from identifying
an invention or idea, recognising
commercial opportunities, quests for
fnancing, growth management, to
possible exit strategies such as trade
sales. This long-term perspective is
imperative as researchers - and, indeed,
companies themselves - are often
involved only in a particular time period,
rather than the entire process.
We investigate four industries:
– biotechnology
– advanced manufacturing
– clean technologies
– creative industries (digital media and
e-publishing).
We have selected companies within
these industries and tracked their
progress from the very start of their
lifecycle - typically, from the initial idea
that sparked the innovation - over
the course of their commercialisation
eforts to their global expansion.
7
The IERG has been supporting a
number of research showcases and
engagements with the region.
RESEARCH SEMINARS
In December 2011 the Vietnam National
University’s University of Economics
and Business in conjunction with the
IERG held an international research
workshop “Innovation, Entrepreneurship
and Women in Business”.
The workshop is an important research
activity of the UEB, which is within the
bilateral cooperation between the VNU
University of Economics and Business
and the University of Sydney Business
School. Attending to the workshop
were 16 specialists from international
universities and institutes including
those from Australia, India, Japan, China,
Cambodia, Myanmar and Germany and
10 VNU - UEB researchers.
The workshop discussed topics such as:
– Analyzing women’s roles in business
start-up from the perspectives of
Vietnam (presented by Dr Nham
Phong Tuan), Australia (presented by
Professor Marian Baird), and China
(presented by Dr Minglu Chen)
– The models and methods to start
up and develop small and medium
enterprises, assisting women in
business from Japan’s experience
(presented by Professor Takemi),
India (presented by Professor
Ganesh Prabhu and Professor Kumar
Kothandaraman)
– The project Building Female
Entrepreneurial Skills for SMEs in
ASEAN Countries jointly implemented
by VNU University of Economics and
Business, University of Sydney and
University of Battambang.
Dr Nguyen Thi Thanh Thu and Do
Tien Long, UEB staf, presented the
detailed content and curriculum
of the tentative training courses of
the project. The researchers from
University of Battambang have shared
their experience in implementing the
project in Cambodia
RESEARCH SHOWCASING
& ENGAGEMENTS
– Proposals on technological models
and innovations (presented by
Dr Hoang Dinh Phi) and productivity,
quality and operation efectiveness
according to Kaizen (presented by
Dr Nguyen Dang Minh)
– Proposals on research serving the
entrepreneurial teaching for students
of international standard programs in
Business Administration (presented by
Dr Pham Thi Lien).
NETWORKS AND ENGAGEMENTS
Our networks facilitate close
engagement with the entrepreneurial
communities of Australia, the region
and the world. They include existing
Business School networks (such
as the CEMS Global Alliance in
Management Education) as well
as stand-alone initiatives (such as
the Entrepreneurship Development
Network Asia).
We work closely with a number of
leading institutions, including the
Australian Agency for International
Development AusAID, the Federal
Government’s Department of Industry,
Innovation, Science, Research and
Tertiary Education, Eurostat and
the Organisation for Economic Co-
operation and Development (OECD), as
well as with organisations such as the
Australian Institute of Export, Australian
Technology Park Innovations and the
Australian Trade Commission (Austrade).
Two of our signifcant international
networks are the Entrepreneurship
Development Network Asia and
the International Entrepreneurship
Research and Education Program.
Entrepreneurship Development
Network Asia
Founded in 2011, the Entrepreneurship
Development Network Asia (EDNA)
currently comprises the IERG at the
University of Sydney Business School;
the Indian Institute of Management,
Bangalore; and the University of
Economics and Business at Vietnam
National University in Hanoi.
The goal is for these founding
members to be complemented by
other appropriate universities in the
region, creating a community of leading
scholars, educators and practitioners in
this feld. The regional focus will include
all countries in the Asian region, with
universities in Indonesia, Cambodia,
Laos and Myanmar already targeted for
future membership.
Members will share a strong focus on
teaching entrepreneurship, innovation
and enterprise; an interest in signifcant
outreach activity such as enterprise
incubators, train-the-trainer programs
and student competitions; recognition
as leading institutions in their country;
and the desire and ability to become
leading research institutions.
As part of this network, our IERG
initiatives achieve a regional stage
and better engage with our regional
partners. Two important examples
of this include the 2011 research
symposium in Hanoi: Developing
Women’s Entrepreneurship.
Activities planned for 2012 include
a follow-up to the 2011 research
symposium; exchanges of faculty
members from Vietnam to India; and
visits from Indian scholars to Sydney.
International Entrepreneurship
Research and Education Program
The IERG and the Global
Entrepreneurship Research Center at
Zhejiang University, China, have jointly
established a program of research,
education and outreach activities in
international entrepreneurship that
will complement and strengthen their
respective activities in this feld.
The program falls under a memorandum
of understanding signed between
both institutions at university level in
2008, and focuses on research and
postgraduate student education.
Currently a bilateral activity, the
intention is to increase membership
to include the top entrepreneurship-
focused universities globally.
8
VISITING SCHOLARS
A number of research scholars visited
the Business School. Those with
a focus on entrepreneurial studies
included the following:
Dr Phan Chi Anh, University of
Economics & Business, Vietnam
National University, Vietnam
Professor Wernet Antweiler, University
of British Columbia, Canada
Professor Jonathan Doh, Villanova
School of Business, Villanova University,
US
Professor Ole-Kristian Hope, Rotman
School of Management, University of
Toronto, Canada
Dr Tony Kang, Oklahoma State
University, US
Associate Professor Haiyang Li,
Associate Professor of Innovation and
Strategic Management, Jones Graduate
School of Business, Rice University, US
Dr Pham Thi Lien, University of
Economics & Business, Vietnam
National University, Vietnam
Do Tien Long, University of Economics
& Business, Vietnam National
University, Vietnam
Professor Ram Mudambi, Temple
University, US
Professor Susan Mudambi, Temple
University, US
Dr Quoc Viet Nguyen, University
of Economics & Business, Vietnam
National University, Vietnam
Professor Elizabeth Rose, School of
Economics, Aalto University, Helsinki,
Finland
Associate Professor Galina Shirokova,
Graduate School of Management, St
Petersburg University, Russia
Professor Ngyen Hong Son, Rector,
University of Economics & Business,
Vietnam National University, Vietnam
Professor Anand Swaminathan, Chair,
Goizueta Business School, Emory
University, US
Dr Jingan Tang, University of
Queensland, Australia
Dr Tu Thi Than Tran, University of
Economics & Business, Vietnam
National University, Vietnam
Dr Sunil Venaik, University of
Queensland Business School, Australia
Associate Professor Anthea Zhang,
Professor of Strategic Management,
Jones Graduate School of Business,
Rice University, US
9
RESEARCH PUBLICATIONS
AND CANDIDATES
RESEARCH PUBLICATIONS
Journal Articles
Banerjee, B, Gray, SJ & Verma, S 2011,
‘Accounting change in India since
independence: the infuence of culture
and the social environment with special
reference to the regulation of cash fow
statements’, Indian Accounting Review, vol.
15:2, pp. 1-20.
Kang, H & Gray, SJ 2011, ‘The content
of voluntary intangible asset disclosures:
evidence from emerging market companies’,
Journal of International Accounting
Research, vol. 10:1, pp. 109–125.
Morris, RD, Pham, T & Gray, SJ 2011,
‘The value relevance of transparency and
corporate governance in Malaysia before and
after the Asian fnancial crisis’, Abacus, vol.
47:2, pp. 205–233.
Ormiston, J & Seymour, RG 2011,
‘Understanding value creation in social
entrepreneurship: the importance of aligning
mission, strategy and impact measurement’,
Journal of Social Entrepreneurship, vol. 2:2,
pp. 125–150.
Wright, C, Sturdy, A & Wylie, N 2011,
‘Management innovation through
standardization: consultants as standardizers
of organizational practice’, Research Policy.
Book Chapters
Fiechter, CA, Marjanovic, O, Boppert, JF
& Kern, E 2011, ‘Knowledge management
can be lean: improving knowledge intensive
business processes’ in Robert J Howlett
(ed.) Innovation through knowledge
transfer 2010, vol. 9, Springer-Verlag, Berlin,
Germany, pp. 31–40.
Welch, C 2011, ‘aussieBum’ (Chapter 1
closing case) in Charles WL Hill, Thomas
Cronk & Rumintha Wickramasekera (eds),
Global business today: Asia-Pacifc edition,
McGraw-Hill Australia, pp. 54–56.
Conference Presentations
Gray, SJ & Fee, A 2011, ‘Developing
global managers: creativity gains from
the expatriate experience, Academy of
International Business AIB 2011 Annual
Meeting: International Business for
Sustainable World Development, Nagoya,
Japan, 28 June.
Keerthipala, C, Kriz, A & Voola, R 2011,
‘Social responsibility and competitive
advantage: an emerging country B2B case
study, Australian & New Zealand Marketing
Academy Conference ANZMAC 2011, Perth,
Australia, 30 November.
Kriz, A, Voola, R & Yuksel, U 2011, ‘The
role of ambidexterous innovation in
hypercompetitive contexts’, Australian
& New Zealand Marketing Academy
Conference ANZMAC 2011, Perth, Australia,
30 November.
Rumyantseva, M, Seymour, RG & Ormiston,
J 2011, ‘Reorganising energy markets:
green technologies and commercialisation
in Australia, 27th European Group for
Organizational Studies EGOS Colloquium
2011: Reassembling Organizations,
Gothenburg, Sweden, 9 July.
Seymour, RG & Salignac, F 2011, ‘Fairtrade
and its farmers: insights from social
exchange theory, 27th European Group for
Organizational Studies EGOS Colloquium
2011: Reassembling Organizations,
Gothenburg, Sweden, 9 July.
Voola, R 2011, ‘Gandhian values and
sustainable marketing strategies’,
International Conference on Gandhian
Values: Sustainability and Corporate
Governance, Bangalore, India, 9 October.
Yang, JY & Lu, J 2011, ‘Caution or causation:
how earlier entrant failures infuence new
entry decisions’, Academy of International
Business AIB 2011 Annual Meeting:
International Business for Sustainable World
Development, Nagoya, Japan, 28 June 2011.
Conference Proceedings
Sharma, N & Gray, SJ 2011, ‘When can
sole ventures work well in an emerging
market? Australian service MNEs in India’,
Proceedings of the Australia and New
Zealand International Business Academy
ANZIBA Conference 2011: Challenges for
International Business in a Turbulent Global
Environment, Melbourne, Australia, 30 April.
Welch, C & Robson, H 2011,
‘Internationalisation and the domestic policy
environment: a case study of renewable
energy frms’, Proceedings of the Australia
and New Zealand International Business
Academy ANZIBA Conference 2011:
Challenges for International Business in a
Turbulent Global Environment, Melbourne,
Australia, 30 April.
Reports
Seymour, RG, Ormiston, J & Rumyantseva,
M 2011, ‘Chapter 2: Australia’, Final Report,
38th Session of the Working Party on SMEs
and Entrepreneurship: SME Innovation and
Intellectual Asset Management in Creative
and Selected Manufacturing and Services
Industries, Paris, France, 18–19 April.
OECD (2011), Entrepreneurship at a Glance
2011, OECD Publishing, Paris.
10
RESEARCH PUBLICATIONS
AND CANDIDATES
In 2011 IERG members supervised
a number of research students
with a focus on innovation and
entrepreneurship.
RESEARCH CANDIDATES
Continuing Research Students
Michael Imstepf, ‘Institutional
entrepreneurship in emerging felds:
launching innovative Web 2.0
applications’, supervised by
Professor Richard Dunford and
Dr Richard Seymour
Matthew Keast, ‘Entrepreneurs, credit
and the business cycle’, supervised by
Professor Richard Dunford and
Dr Richard Seymour
Research Students Completing
in 2011
Fanny Salignac, ‘Reconciling ethical
and proft-seeking behaviour: a
discourse analysis of the Fair Trade
movement’, supervised by Dr Richard
Seymour and Professor Sid Gray
Timo Thoennissen, ‘Internationalisation
and the Australian clean-tech industry’,
supervised by Dr Richard Seymour and
Dr Maria Rumyantseva
Susan Wong, ‘Development and
utilisation of international networks for
knowledge transfer and value creation’,
supervised by Professor Sid Gray
Zara Wong, ‘Digitisation in the book
publishing industry: entrepreneurial
opportunities and creative destruction
in Australia’, supervised by Dr Richard
Seymour and Dr Maria Rumyantseva
11
FINANCIAL REPORT
FINANCIAL SUMMARY FOR THE PERIOD ENDING 31 DECEMBER 2011
PROJECT EXCHANGES MERCK GENERAL TOTAL
OPENING BALANCE 27,570 107,983 33,472 169,026
INCOME
Faculty/University funds 2,513 0 1,790 4,303
External income 0 89,440 0 89,440
TOTAL INCOME 2,513 89,440 1,790 93,743
EXPENDITURE
Salaries and wages 0 122,446 20,951 143,397
Travel and related costs 6,184 3,743 6,787 16,714
Other costs 1,027 7,975 4,111 13,113
TOTAL EXPENDITURE 7,211 134,164 31,850 173,225
CLOSING BALANCE 22,872 63,259 3,413 89,544
IERG is well supported by its
stakeholders.
The fnancial health of the IERG
continues to be strong with
signifcant balances carried forward
and the strong likelihood of further
external funds to ensure research
activities are well resourced and well
communicated. The major current
funding has been secured from the
Merck Foundation, with associated
expenditures committed through to
December 2012. It can be noted in the
2011 fnancial statements below that
minimal internal funding was required
by the IERG. Work continues to better
segregate the activities of IERG within
the accounts, including outreach
activities not included below, (refer to
the separate Innovation & Enterprise
Ventures Annual Report 2011 for more
information) and regular reviews to a
transactional level are carried out in
conjunction with Financial Services.
FUTURE PLANS
The challenge for the next three years
will be to grow the profle and output of
the IERG and its members, in particular
to build a strong and collaborative
research community within the Business
School and to engage these scholars
with appropriate colleagues across the
University and the region.
To this end, the following activities
are planned:
– Annual research workshops
IERG members will organise a series
of annual research workshops. The
intention is to attract scholars working
in the feld in Australia and overseas
to share ideas and foster collaboration.
World-leading international scholars
from the US, Europe and Asia will be
invited to make keynote addresses.
– Annual research showcases
Annual research showcases are also
being planned for the coming years.
These events will aim to engage with
the general public and with industry
experts. Three core themes have been
identifed: enterprise in the creative
industries; social entrepreneurship and
its impact; and technology innovation.
– Case Book of Entrepreneurial
Women in Asia
In 2012 we will research a number of
case studies of entrepreneurial Asian
women and their businesses. This
will address a gap in the literature by
providing rich and thick descriptions
of the undertakings of selected
micro-and small-businesses in
the region. We aim to develop our
understanding of regional business
run and controlled by women.
These cases will be of interest to
policy-makers, academics and
students. Our initial research and
publication will cover 4 cases in each
of the following countries: Vietnam,
Myanmar, Cambodia India, Laos,
Indonesia and China.
– Growth of EDNA membership
In 2012 we plan to complement
the current membership of EDNA
with a number of new member
universities in ASEAN countries,
including Cambodia, Indonesia, Laos
and Myanmar.
Since its establishment
in 2006 the IERG has
built a strong platform of
engagement and activity.
12
13
MORE INFORMATON
Dr Richard Seymour
Program Director, Innovation and Enterprise
Co-Director, Innovation and Entrepreneurship Research Group
The University of Sydney Business School
T +61 2 9036 7095
F +61 2 9036 5378
E [email protected]
sydney.edu.au/business/innovation_and_enterprise
ABN 15 211 513 464
CRICOS 00026A
Produced by the University of Sydney Business School, August 2012.
The University reserves the right to make alterations to any information
contained within this publication without notice. 12/BS0020
THE UNIVERSITY OF SYDNEY
BUSINESS SCHOOL
Australian member of
Accredited by
doc_414722153.pdf
On this paper talk innovation and entrepreneurship research group annual report 2011.
INNOVATION & ENTREPRENEURSHIP
RESEARCH GROUP
ANNUAL REPORT 2011
THE UNIVERSITY OF SYDNEY
BUSINESS SCHOOL
CONTENTS
02 WELCOME
03 MEMBERS
04 OVERVIEW OF ACTIVITIES
06 RESEARCH PROJECTS
07 RESEARCH SHOWCASING & ENGAGEMENTS
09 RESEARCH PUBLICATIONS & CANDIDATES
11 FINANCIAL REPORT
12 FUTURE PLANS
2
Innovation, entrepreneurship and
enterprise are critical components of a
healthy and prosperous economy, and
the process of identifying and exploiting
new opportunities requires a number
of participants, including creative
individuals, entrepreneurs, businesses,
investors and government bodies.
These participants are supported
by researchers and educators who
provide new insights and dissemination
of current knowledge. By acting as a
conduit for this process, IERG members
hope to engage the entrepreneurial
community on both a local and an
international level.
This report presents the IERG’s
activities in 2011. We also publish
a separate annual report on our
associated Innovation and Enterprise
Ventures, which we encourage you
to read.
For the IERG, 2011 was a year of
consolidation and growth. We continued
to develop and expand our research
projects and networks, with the beneft
of strong support from industry and
from the University of Sydney Business
School and the University as a whole.
Highlights of the year included the
founding of the Entrepreneurship
Development Network Asia
(EDNA) with the Indian Institute of
Management, Bangalore, and the
University of Economics and Business
at Vietnam National University in
Hanoi. The goal of this project is
to create a leading community of
scholars, educators and practitioners
in this feld in the region, with
universities in Indonesia, Cambodia,
Laos and Myanmar targeted for
future membership.
In a related initiative, the IERG
supported a research symposium
in Hanoi to better understand
entrepreneurial women in the region.
Other highlights of the year included
visits from leading scholars, members
publishing in prestigious publications
and presenting at international
conferences, and progress with
signifcant research projects including
the Merck Foundation–funded
Casebank of Innovative Globalisers.
For 2012, our objectives will be to
continue our focus on:
WELCOME
Established in 2006, the Innovation and Entrepreneurship Research Group (IERG) is a
cross-disciplinary team of researchers focusing on business innovation and entrepreneurial
ventures and people. Within this context, areas of particular focus include internationalisation
pathways, strategic management, and business and social entrepreneurship.
– research projects and publications –
facilitating research into innovation
and entrepreneurship though the
creation and support of a network
of scholars and institutions, and
publishing the results of this research
– research showcasing and
engagement – disseminating research
among scholars, students and the
wider community
– research-led teaching and learning –
supporting, through research, the
teaching and outreach activities of the
University across the region
– research resourcing – assisting in
the securing of research grants
and funding.
We are grateful for the ongoing support
and inspiration received from alumni,
students, donors and the broader
entrepreneurial community, and we
look forward to further enriching
and deepening our networks and
engagements in the coming year.
On behalf of all IERG members, thank
you for your involvement and support.
PROFESSOR SID GRAY AND
DR RICHARD SEYMOUR
CO-DIRECTORS
3
FACULTY MEMBERS
Sid Gray, International Business
Richard Seymour, International
Business
Donnel Briley, Marketing
Richard Dunford, International Business
Massimo Garbuio, International
Business
Hans Hendrischke, Confucius Institute
Ron Johnson, Australian Centre
for Innovation
Robyn McConchie, Agriculture
Jordi McKenzie, Economics
Bruce McKern, United States
Studies Centre
Olivera Marjanovic, Business
Information Systems
Leanne Piggott, Dean’s Unit
Alan Randall, Agriculture
Jim Rooney, Accounting
Maria Rumyantseva, International
Business
Ranjit Voola, Marketing
Nick Wailes, Work and Organisational
Studies
Catherine Welch, International
Business
Chris Wright, Work and Organisational
Studies
Zhan Wu, International Business
Gracy (JY) Yang, International Business
Above: Dr Richard Seymour; Right: Professor Sid Gray
MEMBERS
ASSOCIATE MEMBERS
David Anstice, CSL Limited
Sandy Beard, CVC Limited
Lisa Kelaher, SIFE Faculty Advisor
Joe Seisdedos, Grifth Hack (adjunct
teaching)
Andrew Stead, ATP Innovation
(adjunct teaching)
Jefrey Tobias, The Strategy Group
(adjunct teaching)
Lorne Wood-Roe, Adams Pluck
RESEARCH CANDIDATES
Shanie Atkinson (adjunct teaching)
Michael Imstepf
Matthew Keast
Linh Nguyen
Jarrod Ormiston
Fanny Salignac (adjunct teaching)
4
As a core element of this program,
the IERG supports:
– I&E teaching and learning,
through problem-based learning,
action research, cross-faculty
teaching, executive education and
internationally delivered units as part
of the Innovation, Creativity and
Enterprise program
– I&E ventures, through community
collaboration, corporate engagement
and faculty-and student-led research
and other activities aimed at
community and student development
through entrepreneurship.
– Local and international networks
that collaboratively develop fresh
approaches to teaching, research
and engagement.
The Innovation and Enterprise (I&E) program at the University of Sydney Business
School is grounded in three fundamental activities: teaching and learning; research;
and engaging ventures. Its primary focus is on entrepreneurship, creativity, strategy
and innovation, and their synergies. The following pages review the research activity
organised under the IERG in 2011. This research activity is part of a broader set of
initiatives, as illustrated below.
OVERVIEW OF ACTIVITIES
The IERG seeks to develop and share
understanding of entrepreneurial and
innovative activities within a variety
of settings, as illustrated on the
following page.
INNOVATION & ENTERPRISE
PROGRAM
Research
IERG (Innovation & Entrepreneurship
Research Group)
PhD & MPhil candidates
Consultancies
Pro-bono work
Teaching Global EMBA module
Master of Management unit
Master of Commerce specialisation
Graduate Certifcate in Innovation
& Enterprise
Bachelor of Commerce units
I&E Ventures
Faculty-led ventures
Student-led ventures
Research workshops and showcases
Networks
EDNA (Entrepreneurship Development
Network Asia)
Industry
Entrepreneurs (commercial and social)
Government (state and local)
OECD
Alumni
Community and NGOs
5
The IERG’s focus includes new markets,
new products and new business
processes, as well as the entrepreneurs,
innovators and leaders involved. It
works with both existing and new
businesses, and with both start-ups
and corporate businesses.
The IERG also ensures that research
activities inform the Business School’s
teaching in this feld at undergraduate,
postgraduate and executive education
levels. IERG members are responsible
INNOVATION &
ENTREPRENEURSHIP
RESEARCH GROUP
Research projects
Casebank of Innovating Globalisers
Teaching development impact
Measuring social impact
OECD Entrepreneurship Indicators Program
Creative industries
Publishing industry
Documentary flm
making
Creative precincts
Technology
Biotechnology
High-tech
manufacturing
Clean-tech
Corporate venturing
& SMEs
Bootstrapping
Planning
Turnarounds
Social
entrepreneurship
Fair trade
Impact investing
Indigenous enterprise
International
Growth
Internationalising
pathways
New processes
Turnarounds
Open innovation
Decision making
Business model
innovation
New markets
Geographies - Asia,
Europe
Remote & rural
Radical innovation
Internationalisation
Entrepreneurial
activity
The entrepreneur
Education
Social aspects of
leadership
High-growth
enterprises
Agriculture
Remote business
Remote and rural
e-Publishing
Design thinking
New product
development
New products
A range of phenomena
and stakeholders
of interest
Research engagements
Engaged practice
Problem-based learning
Alternative assessment tasks
Research workshops Research showcases
Symposium on
Innovation &
Entrepreneurship 2009
Women Entrepreneurs:
Academic Issues 2011
VIVID
SEFA
Desert Knowledge
Australia
TiE
Research-led teaching
Funding secured
Merck Foundation
CVC Ltd
Adams Pluck
Thyne Reid
FAHCSIA
DEEWR
IPDF
Innovation Capital
SEFA
Teaching into Global EMBA, Graduate Certifcate
in Innovation & Enterprise, Master of Commerce
(Strategy & Innovation specialisation), Master
of Management, Bachelor of Commerce units,
Master of Sustainability
Research networks &
membership
EDNA
(Entrepreneurship
Development
Network Asia)
GSOM St Petersburg,
FU Berlin
CEMS innovation,
Creativity &
Entrepreneurship FG
Industry (OECD,
SEFA)
Advisory members &
mentors (industry &
government leaders)
Regional engagements
focused on building
long-term
relationships
for delivering each of the key innovation
and enterprise units of study ofered
by the Business School, whether at
the level of business innovation or
opportunity recognition. While not
a core activity of IERG members,
research-led teaching inspires the I&E
program. IERG members also supervise
an increasing number of PhD and MPhil
research students, with several new
candidates commencing in 2011.
6
The IERG focuses
on innovation and
entrepreneurship and how
they manifest as new
markets, new products and
new business processes.
RESEARCH THEMES
In 2011, we concentrated on
understanding and developing
knowledge of:
– business innovation and its
ecosystems, for example, alternative
business models for high-value
Australian exporters
– innovation and entrepreneurship in
the creative industries, specifcally
the implications of value creation and
exchange in the creative industries
(such as publishing, flm and design)
– how entrepreneurial activity can be
identifed and measured; this project
includes the OECD and Eurostat
– social entrepreneurship, in particular
the geographical, cultural and
structural issues confronting business
in remote and Indigenous Australia;
this project includes the support of
Social Enterprise Finance Australia
– how entrepreneurial activity manifests
in developing economies, specifcally
ASEAN countries, India and China
– how corporate entrepreneurial activity
is managed and encouraged in mature
Australian corporations, particularly
within the context of seeking new
international markets
– the internationalising and innovative
behaviour over time of ventures with
highly valued intellectual property
– case studies of entrepreneurial women
in the ASEAN region.
RESEARCH PROJECTS
MERCK RESEARCH PROJECT
The MERCK Foundation granted the
IERG $350,000 to research the lifecycle
development of Australian frms that
are rich with Intellectual Property (IP)
as they innovate, globalise and grow.
The project’s objective is to
understand the process of innovation
and globalisation relevant to IP-rich
companies, and examine how these
processes intersect and evolve over
time. We consider every stage of the
lifecycle and how they inter-relate and
impact each other, from identifying
an invention or idea, recognising
commercial opportunities, quests for
fnancing, growth management, to
possible exit strategies such as trade
sales. This long-term perspective is
imperative as researchers - and, indeed,
companies themselves - are often
involved only in a particular time period,
rather than the entire process.
We investigate four industries:
– biotechnology
– advanced manufacturing
– clean technologies
– creative industries (digital media and
e-publishing).
We have selected companies within
these industries and tracked their
progress from the very start of their
lifecycle - typically, from the initial idea
that sparked the innovation - over
the course of their commercialisation
eforts to their global expansion.
7
The IERG has been supporting a
number of research showcases and
engagements with the region.
RESEARCH SEMINARS
In December 2011 the Vietnam National
University’s University of Economics
and Business in conjunction with the
IERG held an international research
workshop “Innovation, Entrepreneurship
and Women in Business”.
The workshop is an important research
activity of the UEB, which is within the
bilateral cooperation between the VNU
University of Economics and Business
and the University of Sydney Business
School. Attending to the workshop
were 16 specialists from international
universities and institutes including
those from Australia, India, Japan, China,
Cambodia, Myanmar and Germany and
10 VNU - UEB researchers.
The workshop discussed topics such as:
– Analyzing women’s roles in business
start-up from the perspectives of
Vietnam (presented by Dr Nham
Phong Tuan), Australia (presented by
Professor Marian Baird), and China
(presented by Dr Minglu Chen)
– The models and methods to start
up and develop small and medium
enterprises, assisting women in
business from Japan’s experience
(presented by Professor Takemi),
India (presented by Professor
Ganesh Prabhu and Professor Kumar
Kothandaraman)
– The project Building Female
Entrepreneurial Skills for SMEs in
ASEAN Countries jointly implemented
by VNU University of Economics and
Business, University of Sydney and
University of Battambang.
Dr Nguyen Thi Thanh Thu and Do
Tien Long, UEB staf, presented the
detailed content and curriculum
of the tentative training courses of
the project. The researchers from
University of Battambang have shared
their experience in implementing the
project in Cambodia
RESEARCH SHOWCASING
& ENGAGEMENTS
– Proposals on technological models
and innovations (presented by
Dr Hoang Dinh Phi) and productivity,
quality and operation efectiveness
according to Kaizen (presented by
Dr Nguyen Dang Minh)
– Proposals on research serving the
entrepreneurial teaching for students
of international standard programs in
Business Administration (presented by
Dr Pham Thi Lien).
NETWORKS AND ENGAGEMENTS
Our networks facilitate close
engagement with the entrepreneurial
communities of Australia, the region
and the world. They include existing
Business School networks (such
as the CEMS Global Alliance in
Management Education) as well
as stand-alone initiatives (such as
the Entrepreneurship Development
Network Asia).
We work closely with a number of
leading institutions, including the
Australian Agency for International
Development AusAID, the Federal
Government’s Department of Industry,
Innovation, Science, Research and
Tertiary Education, Eurostat and
the Organisation for Economic Co-
operation and Development (OECD), as
well as with organisations such as the
Australian Institute of Export, Australian
Technology Park Innovations and the
Australian Trade Commission (Austrade).
Two of our signifcant international
networks are the Entrepreneurship
Development Network Asia and
the International Entrepreneurship
Research and Education Program.
Entrepreneurship Development
Network Asia
Founded in 2011, the Entrepreneurship
Development Network Asia (EDNA)
currently comprises the IERG at the
University of Sydney Business School;
the Indian Institute of Management,
Bangalore; and the University of
Economics and Business at Vietnam
National University in Hanoi.
The goal is for these founding
members to be complemented by
other appropriate universities in the
region, creating a community of leading
scholars, educators and practitioners in
this feld. The regional focus will include
all countries in the Asian region, with
universities in Indonesia, Cambodia,
Laos and Myanmar already targeted for
future membership.
Members will share a strong focus on
teaching entrepreneurship, innovation
and enterprise; an interest in signifcant
outreach activity such as enterprise
incubators, train-the-trainer programs
and student competitions; recognition
as leading institutions in their country;
and the desire and ability to become
leading research institutions.
As part of this network, our IERG
initiatives achieve a regional stage
and better engage with our regional
partners. Two important examples
of this include the 2011 research
symposium in Hanoi: Developing
Women’s Entrepreneurship.
Activities planned for 2012 include
a follow-up to the 2011 research
symposium; exchanges of faculty
members from Vietnam to India; and
visits from Indian scholars to Sydney.
International Entrepreneurship
Research and Education Program
The IERG and the Global
Entrepreneurship Research Center at
Zhejiang University, China, have jointly
established a program of research,
education and outreach activities in
international entrepreneurship that
will complement and strengthen their
respective activities in this feld.
The program falls under a memorandum
of understanding signed between
both institutions at university level in
2008, and focuses on research and
postgraduate student education.
Currently a bilateral activity, the
intention is to increase membership
to include the top entrepreneurship-
focused universities globally.
8
VISITING SCHOLARS
A number of research scholars visited
the Business School. Those with
a focus on entrepreneurial studies
included the following:
Dr Phan Chi Anh, University of
Economics & Business, Vietnam
National University, Vietnam
Professor Wernet Antweiler, University
of British Columbia, Canada
Professor Jonathan Doh, Villanova
School of Business, Villanova University,
US
Professor Ole-Kristian Hope, Rotman
School of Management, University of
Toronto, Canada
Dr Tony Kang, Oklahoma State
University, US
Associate Professor Haiyang Li,
Associate Professor of Innovation and
Strategic Management, Jones Graduate
School of Business, Rice University, US
Dr Pham Thi Lien, University of
Economics & Business, Vietnam
National University, Vietnam
Do Tien Long, University of Economics
& Business, Vietnam National
University, Vietnam
Professor Ram Mudambi, Temple
University, US
Professor Susan Mudambi, Temple
University, US
Dr Quoc Viet Nguyen, University
of Economics & Business, Vietnam
National University, Vietnam
Professor Elizabeth Rose, School of
Economics, Aalto University, Helsinki,
Finland
Associate Professor Galina Shirokova,
Graduate School of Management, St
Petersburg University, Russia
Professor Ngyen Hong Son, Rector,
University of Economics & Business,
Vietnam National University, Vietnam
Professor Anand Swaminathan, Chair,
Goizueta Business School, Emory
University, US
Dr Jingan Tang, University of
Queensland, Australia
Dr Tu Thi Than Tran, University of
Economics & Business, Vietnam
National University, Vietnam
Dr Sunil Venaik, University of
Queensland Business School, Australia
Associate Professor Anthea Zhang,
Professor of Strategic Management,
Jones Graduate School of Business,
Rice University, US
9
RESEARCH PUBLICATIONS
AND CANDIDATES
RESEARCH PUBLICATIONS
Journal Articles
Banerjee, B, Gray, SJ & Verma, S 2011,
‘Accounting change in India since
independence: the infuence of culture
and the social environment with special
reference to the regulation of cash fow
statements’, Indian Accounting Review, vol.
15:2, pp. 1-20.
Kang, H & Gray, SJ 2011, ‘The content
of voluntary intangible asset disclosures:
evidence from emerging market companies’,
Journal of International Accounting
Research, vol. 10:1, pp. 109–125.
Morris, RD, Pham, T & Gray, SJ 2011,
‘The value relevance of transparency and
corporate governance in Malaysia before and
after the Asian fnancial crisis’, Abacus, vol.
47:2, pp. 205–233.
Ormiston, J & Seymour, RG 2011,
‘Understanding value creation in social
entrepreneurship: the importance of aligning
mission, strategy and impact measurement’,
Journal of Social Entrepreneurship, vol. 2:2,
pp. 125–150.
Wright, C, Sturdy, A & Wylie, N 2011,
‘Management innovation through
standardization: consultants as standardizers
of organizational practice’, Research Policy.
Book Chapters
Fiechter, CA, Marjanovic, O, Boppert, JF
& Kern, E 2011, ‘Knowledge management
can be lean: improving knowledge intensive
business processes’ in Robert J Howlett
(ed.) Innovation through knowledge
transfer 2010, vol. 9, Springer-Verlag, Berlin,
Germany, pp. 31–40.
Welch, C 2011, ‘aussieBum’ (Chapter 1
closing case) in Charles WL Hill, Thomas
Cronk & Rumintha Wickramasekera (eds),
Global business today: Asia-Pacifc edition,
McGraw-Hill Australia, pp. 54–56.
Conference Presentations
Gray, SJ & Fee, A 2011, ‘Developing
global managers: creativity gains from
the expatriate experience, Academy of
International Business AIB 2011 Annual
Meeting: International Business for
Sustainable World Development, Nagoya,
Japan, 28 June.
Keerthipala, C, Kriz, A & Voola, R 2011,
‘Social responsibility and competitive
advantage: an emerging country B2B case
study, Australian & New Zealand Marketing
Academy Conference ANZMAC 2011, Perth,
Australia, 30 November.
Kriz, A, Voola, R & Yuksel, U 2011, ‘The
role of ambidexterous innovation in
hypercompetitive contexts’, Australian
& New Zealand Marketing Academy
Conference ANZMAC 2011, Perth, Australia,
30 November.
Rumyantseva, M, Seymour, RG & Ormiston,
J 2011, ‘Reorganising energy markets:
green technologies and commercialisation
in Australia, 27th European Group for
Organizational Studies EGOS Colloquium
2011: Reassembling Organizations,
Gothenburg, Sweden, 9 July.
Seymour, RG & Salignac, F 2011, ‘Fairtrade
and its farmers: insights from social
exchange theory, 27th European Group for
Organizational Studies EGOS Colloquium
2011: Reassembling Organizations,
Gothenburg, Sweden, 9 July.
Voola, R 2011, ‘Gandhian values and
sustainable marketing strategies’,
International Conference on Gandhian
Values: Sustainability and Corporate
Governance, Bangalore, India, 9 October.
Yang, JY & Lu, J 2011, ‘Caution or causation:
how earlier entrant failures infuence new
entry decisions’, Academy of International
Business AIB 2011 Annual Meeting:
International Business for Sustainable World
Development, Nagoya, Japan, 28 June 2011.
Conference Proceedings
Sharma, N & Gray, SJ 2011, ‘When can
sole ventures work well in an emerging
market? Australian service MNEs in India’,
Proceedings of the Australia and New
Zealand International Business Academy
ANZIBA Conference 2011: Challenges for
International Business in a Turbulent Global
Environment, Melbourne, Australia, 30 April.
Welch, C & Robson, H 2011,
‘Internationalisation and the domestic policy
environment: a case study of renewable
energy frms’, Proceedings of the Australia
and New Zealand International Business
Academy ANZIBA Conference 2011:
Challenges for International Business in a
Turbulent Global Environment, Melbourne,
Australia, 30 April.
Reports
Seymour, RG, Ormiston, J & Rumyantseva,
M 2011, ‘Chapter 2: Australia’, Final Report,
38th Session of the Working Party on SMEs
and Entrepreneurship: SME Innovation and
Intellectual Asset Management in Creative
and Selected Manufacturing and Services
Industries, Paris, France, 18–19 April.
OECD (2011), Entrepreneurship at a Glance
2011, OECD Publishing, Paris.
10
RESEARCH PUBLICATIONS
AND CANDIDATES
In 2011 IERG members supervised
a number of research students
with a focus on innovation and
entrepreneurship.
RESEARCH CANDIDATES
Continuing Research Students
Michael Imstepf, ‘Institutional
entrepreneurship in emerging felds:
launching innovative Web 2.0
applications’, supervised by
Professor Richard Dunford and
Dr Richard Seymour
Matthew Keast, ‘Entrepreneurs, credit
and the business cycle’, supervised by
Professor Richard Dunford and
Dr Richard Seymour
Research Students Completing
in 2011
Fanny Salignac, ‘Reconciling ethical
and proft-seeking behaviour: a
discourse analysis of the Fair Trade
movement’, supervised by Dr Richard
Seymour and Professor Sid Gray
Timo Thoennissen, ‘Internationalisation
and the Australian clean-tech industry’,
supervised by Dr Richard Seymour and
Dr Maria Rumyantseva
Susan Wong, ‘Development and
utilisation of international networks for
knowledge transfer and value creation’,
supervised by Professor Sid Gray
Zara Wong, ‘Digitisation in the book
publishing industry: entrepreneurial
opportunities and creative destruction
in Australia’, supervised by Dr Richard
Seymour and Dr Maria Rumyantseva
11
FINANCIAL REPORT
FINANCIAL SUMMARY FOR THE PERIOD ENDING 31 DECEMBER 2011
PROJECT EXCHANGES MERCK GENERAL TOTAL
OPENING BALANCE 27,570 107,983 33,472 169,026
INCOME
Faculty/University funds 2,513 0 1,790 4,303
External income 0 89,440 0 89,440
TOTAL INCOME 2,513 89,440 1,790 93,743
EXPENDITURE
Salaries and wages 0 122,446 20,951 143,397
Travel and related costs 6,184 3,743 6,787 16,714
Other costs 1,027 7,975 4,111 13,113
TOTAL EXPENDITURE 7,211 134,164 31,850 173,225
CLOSING BALANCE 22,872 63,259 3,413 89,544
IERG is well supported by its
stakeholders.
The fnancial health of the IERG
continues to be strong with
signifcant balances carried forward
and the strong likelihood of further
external funds to ensure research
activities are well resourced and well
communicated. The major current
funding has been secured from the
Merck Foundation, with associated
expenditures committed through to
December 2012. It can be noted in the
2011 fnancial statements below that
minimal internal funding was required
by the IERG. Work continues to better
segregate the activities of IERG within
the accounts, including outreach
activities not included below, (refer to
the separate Innovation & Enterprise
Ventures Annual Report 2011 for more
information) and regular reviews to a
transactional level are carried out in
conjunction with Financial Services.
FUTURE PLANS
The challenge for the next three years
will be to grow the profle and output of
the IERG and its members, in particular
to build a strong and collaborative
research community within the Business
School and to engage these scholars
with appropriate colleagues across the
University and the region.
To this end, the following activities
are planned:
– Annual research workshops
IERG members will organise a series
of annual research workshops. The
intention is to attract scholars working
in the feld in Australia and overseas
to share ideas and foster collaboration.
World-leading international scholars
from the US, Europe and Asia will be
invited to make keynote addresses.
– Annual research showcases
Annual research showcases are also
being planned for the coming years.
These events will aim to engage with
the general public and with industry
experts. Three core themes have been
identifed: enterprise in the creative
industries; social entrepreneurship and
its impact; and technology innovation.
– Case Book of Entrepreneurial
Women in Asia
In 2012 we will research a number of
case studies of entrepreneurial Asian
women and their businesses. This
will address a gap in the literature by
providing rich and thick descriptions
of the undertakings of selected
micro-and small-businesses in
the region. We aim to develop our
understanding of regional business
run and controlled by women.
These cases will be of interest to
policy-makers, academics and
students. Our initial research and
publication will cover 4 cases in each
of the following countries: Vietnam,
Myanmar, Cambodia India, Laos,
Indonesia and China.
– Growth of EDNA membership
In 2012 we plan to complement
the current membership of EDNA
with a number of new member
universities in ASEAN countries,
including Cambodia, Indonesia, Laos
and Myanmar.
Since its establishment
in 2006 the IERG has
built a strong platform of
engagement and activity.
12
13
MORE INFORMATON
Dr Richard Seymour
Program Director, Innovation and Enterprise
Co-Director, Innovation and Entrepreneurship Research Group
The University of Sydney Business School
T +61 2 9036 7095
F +61 2 9036 5378
E [email protected]
sydney.edu.au/business/innovation_and_enterprise
ABN 15 211 513 464
CRICOS 00026A
Produced by the University of Sydney Business School, August 2012.
The University reserves the right to make alterations to any information
contained within this publication without notice. 12/BS0020
THE UNIVERSITY OF SYDNEY
BUSINESS SCHOOL
Australian member of
Accredited by
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