Readings

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SES # TOPICS READINGS
Part I: The global environment for entrepreneurship
1 Course overview and introduction

Required

French, Howard W., and Lydia Polgreen. "Entrepreneurs from China Flourish in Africa." The New York Times, August 18, 2007, Late Edition, sec. A1.

McMillan, John, and Christopher Woodruff. "The Central Role of Entrepreneurs in Transition Economies." Journal of Economic Perspectives 16, no. 3 (2002): 153-170.

Baumol, William. "Entrepreneurship: Productive, Unproductive, and Destructive." Journal of Political Economy 98, no. 5 (1990): 893-921.

Recommended

Polgreen, Lydia, and Howard W. French. "China's Trade in Africa Carries a Price Tag." The New York Times, August 21, 2007, Late Edition, sec. A1.

2 Issues for entrepreneurs in developing markets

Required

Beleza Natural: Choosing the Right Growth Model - MIT Case

Wilson, Dominique, and Roopa Purushothaman. "Dreaming with BRICs: The Path to 2050." Goldman Sachs, Global Economics Paper No. 99, 2003.

Amazon logo Acemoglu, Daron, Simon Johnson, and James A. Robinson. "Institutions as a Fundamental Cause of Long-Run Growth." In Handbooks in Economics. Vol. 1, Handbook of Economic Growth. Edited by Philippe Aghion and Seven N. Durlauf. Amsterdam, The Netherlands: North Holland, 2005, sections 1, 5, 6, and 8. ISBN: 9780444508379.

Recommended

World Bank. "Doing Business 2007: How to Reform. Comparing Regulation in 175 Economies." 2007.

World Bank. "Doing Business in Brazil." 2007.

3 How entrepreneurial companies respond to corruption

Required

Fisman, Raymond. "Estimating the Value of Political Connections." American Economic Review 91, no. 4 (2001): 1095-1102.

Recommended

Kaufmann, Daniel, Aart Kraay, and Massimo Mastruzzi. "Governance Matters V: Aggregate and Individual Governance Indicators for 1996-2005." World Bank, 2006. (PDF)#

Kaufmann, Daniel, Aart Kraay, and Massimo Mastruzzi. "Governance Matters V: Appendices." World Bank, 2006.

4 Opportunities amid extreme unpredictability

Reqiured

McMillan, John, and Christopher Woodruff. "The Central Role of Entrepreneurs in Transition Economies." Journal of Economic Perspectives 16, no. 3 (2002): 153-170. Review the section on "Entrepreneurs' Strategies."

Introduction to Carbon Market. Read in particular "Carbon ABC" material (including relevant links to "Kyoto Protocol" and "Flexible Mechanisms").

Review Core Carbon Group .

"Renaissance Capital Led $300 Million Equity Offering by Nigeria's United Bank for Africa." Renaissance Capital, News and Press Releases, April 18, 2007.

Prince, Todd. "Renaissance Capital Founder Jennings Plans to Double Investment in Africa." Business Report, May 31, 2007.

Recommended

Granville, Christopher, and Alexey Zabotkin. "Lessons of a Decade." Russia: Equity Strategy. United Financial Group and Deutsche Bank, September 5, 2005.

Review UN website on carbon market, particularly the Essential Background tab.

Tsepliaeva, Julia, and Anastasia Levashova. "Russia: The Middle Class." Emerging Markets Economics and Strategy: Russia and CIS. Merrill Lynch, Pierce, Fenner & Smith Inc., August 29, 2007.

5 Team-building mixer
6 How the government shapes the entrepreneurial environment Huang, Yasheng. "Why is Entrepreneurship Missing in Shanghai?" Paper prepared for the National Bureau of Economic Research pre-conference on "International Differences in Entrepreneurship." May 11, 2007.
7 Legal environments and IP protection

Required

MacFarquhar, Larissa. "Bag Man: Cracking Down on Fashion Fakes." The New Yorker, March 19, 2007, 126-137.

McMillan, John, and Christopher Woodruff. "Private Order under Dysfunctional Public Order." Michigan Law Review 98, no. 8 (2000): 2421-2458.

Recommended

Johnson, Simon, John McMillan, and Christopher Woodruff. "Property Rights and Finance." American Economic Review 92, no. 5 (2002): 1335-1356.

McMillan, John, and Christopher Woodruff. "Dispute Prevention Without Courts in Vietnam." Journal of Law, Economics and Organization 15, no. 3 (1999): 637-658.

Part II: The challenges facing entrepreneurial firms
8 Working in a G-Lab project Compsis at a Crossroads - MIT Case
9 Life sciences overview, biotech entrepreneurship

Required

Biocon - MIT Case

Ferrer, Marcela, Halla Thorsteinsdóttir, Uyen Quach, Peter A. Singer, and Abdallah S. Daar. "The Scientific Muscle of Brazil's Health Biotechnology." Nature Biotechnology 22 (2004): DC8-DC12.

Kumar, Nandini K, Uyen Quach, Halla Thorsteinsdóttir, Hemlatha Somsekhar, Abdallah S Daar, and Peter A Singer. "Indian Biotechnology: Rapidly Evolving and Industry Led." Nature Biotechnology 22 (2004): DC31-DC36.

10 Internationalization

Required

Spoleto Culinaria Italiana - MIT Case

Color/9 - Tatitos - MIT Case

Ramamurti, Ravi, and Jitendra V. Singh. 2007. "Generic Strategies of India's Emerging Multinationals." Paper prepared for the Northeastern University-Wharton School conference on "Emerging Multinationals from Emerging Markets" held at Northeastern University, June 22-23, 2007. Read all sections from "Emerging Indian Multinationals" to "Pathways for Strategy Migration."

11 Team meetings
12 You are not alone

Required

El-Qorchi, Mohammed. "The Hawala System." Finance and Development 39, no. 4 (2002).

McMillan, John, and Christopher Woodruff. "Interfirm Relationships and Informal Credit in Vietnam." Quarterly Journal of Economics 114, no. 4 (1999): 1285-1320.

Amazon logo Saxenian, Anna Lee. "Introduction." Chapters 7-8 in The New Argonauts: Regional Advantage in a Global Economy. Cambridge, MA: Harvard University Press, 2007. ISBN: 9780674025660.

13

Research methods

Team meetings

14 Global sales strategies for ambitious entrepreneurs Kuemmerle, Walter, and Chad Ellis. "Spotfire: Managing a Multinational Start-Up." Harvard Business School Case. Boston, MA: Harvard Business School Publishing. Case: 9-899-078, October 12, 1998.
15 Being an entrepreneur
16 Team meetings
17 Entrepreneurial finance
18 Team meetings with faculty advisors
19 Investigation and analysis
20 Commercialization

Christensen, Clayton M., and Scott D. Anthony. "Making SMaL Big: SMaL Camera Technologies." Harvard Business School Case. Boston, MA: Harvard Business School Publishing. Case: 9-603-116, March 24, 2003.

CASE HTS-110 - MIT Case

Required

Christensen, Clayton M., Scott D. Anthony, Gerald Berstell, and Denise Nitterhouse. "Finding the Right Job for Your Product." Sloan Management Review 48, no. 3 (2007): 38-47.

21 Team meetings with faculty advisors
22 Organizational development and human resource management

Paine, Lynn Sharp, Carin-Isabel Knoop, and Suma Raju. "Wipro Technologies (A)." Harvard Business School Case. Boston, MA: Harvard Business School Publishing. Case: 9-301-043, February 7, 2001.

Applegate, Lynda M., and Kirk Goldman. "Internet Securities, Inc.: Building a Business in Turbulent Times (A)." Harvard Business School Case. Boston, MA: Harvard Business School Publishing. Case: 9-398-007, September 24, 1997.

Required

Rai, Sharita. "Outsourcers Struggling to Keep Workers in the Fold." The New York Times, November 12, 2005.

Baron, James N., Michael T. Hannan, and M. Diane Burton. "Labor Pains: Organizational Change and Employee Turnover in Young, High-Tech Firms." American Journal of Sociology 106, no. 4 (2001): 960-1012.

"Capturing Talent." The Economist, August 18-24, 2007.

Recommended

Amazon logo Burton, M. Diane. "The Company They Keep: Founders' Models for Organizing New Firms." In The Entrepreneurship Dynamic: Origins of Entrepreneurship and the Evolution of Industries. Edited by Claudia B. Schoonhoven and Elaine Romanelli. Palo Alto, CA: Stanford University Press, 2001. ISBN: 9780804737906.

23 Best practices overview
24 Building trust

Required

Locke, Richard M. "Building Trust." Presented at the Annual Meeting of the American Political Science Association, San Francisco, CA, September 1, 2001.

Part III: The internship and final reports
25 Following month: G-Lab internship
26 One week following end of internship: Faculty meetings
27 10 days following end of internship: G-Lab poster session