Skip to main content

MIT Day 1

Have arrived at MIT for Entrepreneurship Programme following a four hour rail trip from New York this morning.

The course began with a four hour networking event where we had to try and meet as many people as possible and create a team of eight for the business plan and elevator pitch competition at the end of the week. Met a great group of people from countries as diverse as Dominican Republic, Saudi Arabia, Canada and Ireland.

Interesting to note that Scottish Enterprise had paid for eighteen participants from Scots high tech firms but there were no representatives from Welsh organisations apart from yours truly. That is a great disappointment as we need Welsh-based entrepreneurs to attend such high quality courses on a regular basis.

Hopefully, I can get some onto the next strategic MIT course to be held in be Edinburgh in March.

Comments

Anonymous said…
'Interesting to note that Scottish Enterprise had paid for eighteen participants from Scots high tech firms but there were no representatives from Welsh organisations apart from yours truly.'

thanks for posting that little gem Dylan, isn't Scottish Enterprise at arms length from the Scottish Government - therefore allowing original thought!

Here in Wales we have to ask since when do Civil Servants who have never worked in the private sector know what is needed for businesses to grow?, Wales should never have allowed the WDA to get taken into WAG in Rhodri bonfire of the quangos.

If WAG has any sense they would ask you for feed back when you return, i wont hold my breath thou.
Anonymous said…
Good case for getting our economic develoment dept back at arms length.
I wonder how many of the RDAs were there.
We have a third class service here and its not improving or learning
The Scots have certainly got their act together although one can only hope that we can start accessing some of these world class courses - the public sector in Wales already have access to the best institutions through a specific scheme but, bizarrely, the private sector don't.

I see the point about the bonfire of the quangoes but to be fair to the WAG team in the USA, they are the most dedicated and hard working bunch that I have come across in the last three years and I would think that there will be some serious job announcements soon. We certainly need it, after the 760 posts lost by Corus (which this blog predicted months ago).

Popular posts from this blog

THE IMPORTANCE OF FRANCHISING

When we talk about start-ups and entrepreneurship, rarely do we discuss the potential of franchising not only as a way of establishing new ventures in the economy but also as a method of growing existing businesses. According to the British Franchising Association, franchising is the granting of a licence by one person (the franchisor) to another (the franchisee), which entitles the franchisee to own and operate their own business under the brand, systems and proven business model of the franchisor. The franchisee also receives initial training and ongoing support, comprising all the elements necessary to establish a previously untrained person in the business. This enables individuals to start their own businesses without having to develop their own ideas and utilising an existing brand and established market. Of course, whilst each franchise business is owned and operated by the franchisee, the franchisor controls the quality and standards of the way in which the business is

THE MANUFACTURING STRATEGY FOR WALES

Last night, I received the following comment on the previous post relating to a piece I had written back in early 2007 about the state of the manufacturing sector in Wales. "Dylan, you seem to be ignoring the fact that manufacturers in Wales have written the manufacturing strategy. Small and large manufacturers, all represented at the Manufacturing forum, have co-written this strategy. WAG has recently supported this strategy and have funded a co-ordinator with resources. Manufactures are happy with this progress as they are following the strategy they wanted. I know that the Conservatives have attacked the strategy as they seem to think that WAG wrote the strategy. They couldn't be more wrong. The Manufacturing Strategy was written by manufacturers, for manufacturers and is supported by WAG. If you don't agree with this, then I can invite you to the next Manufacturing Forum and you can explain to the manufacturers how their strategy is wrong....I appreciate that there is

INTRAPRENEURSHIP

Whilst we often consider entrepreneurship to be associated predominantly with new start-ups, larger firms - in order to compete effectively in fast-changing global markets - are adopting more innovative and enterprising approaches to management within their organisations. One of these approaches is the development of entrepreneurship within a corporate environment (or intrapreneurship). Research has shown that intrapreneurship is not easy, and there are considerable differences between an intrapreneurial and a traditional corporate culture, with the latter having an emphasis on a culture and reward system that tends to favour caution in decision-making. For example, large businesses rarely operate on a "gut-feeling" for the market-place, as many entrepreneurs do. Instead, large amounts of data are gathered before any major business decision is made, not only for use in rational business decisions, but also for use as justification if the decision does not produce optimu