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Entrepreneurial Decision Making Under Uncertainty & Introduction to Master of Science in Technopreneurship & Innovation
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Here is What You'll Learn
Synopsis of the Talk
“Market-leading companies have missed game-changing transformations in industry after industry, not because of ‘bad’ management, but because they followed the dictates of ‘good’ management. They listened closely to their customers. They carefully studied market trends. They allocated capital to the innovations that promised the largest returns.” (Murray, 2010) It seems that these big corporates didn’t do anything wrong, but somehow they lost. WHY? One of the major reasons is uncertainty. These big corporates typically did badly under uncertainty. Even for entrepreneurs, Peter Drucker once said that so few of the so-called entrepreneurs know what they are doing and they lack the methodology. Instead of being more demoralizing or frustrating, however, Steve Blank (a successful serial entrepreneur) advocates that there were repeatable patterns of business behaviour that could explain the heretofore unexplainable. This talk will discuss these issues and inform why MSc TIP is able to train a new generation of entrepreneurs on thinking, judging, deciding, and acting under business uncertainty.
What TIP is all about!
The MSc TIP focuses on educating and nurturing leaders for the entrepreneurship ecosystem, through academic knowledge acquisition, entrepreneurial mindset cultivation, and business skillset development. It empowers participants to be competent in leveraging technology advancements to create social and economic value for the society.
Emphasising experiential learning, MSc TIP integrates the knowledge of emerging technologies and innovative business models and practices into its curriculum. The course covers the strategic and operational issues of entrepreneurial ventures at their different growth stages. Participants have opportunities to engage with various stakeholders in the entrepreneurship ecosystem throughout the programme, including an overseas immersion trip. Many graduates have benefitted from the programme and transformed their entrepreneurial ideas into successful ventures.
About Dr Xia Zhiqiang
Zhiqiang is the Director (Graduate Programs) at Nanyang Technopreneurship Center, Nanyang Technological University (NTU). He oversees the Master of Science Technopreneurship and Innovation programs (MSc TIP). The MSc TIP has graduated more than 1200 graduates from nearly 30 countries, with about 500 graduates currently based in China. The MSc TIP received the ICSB Global Excellence in Entrepreneurship Education Award in 2018.
Dr Xia’s professional expertise is in entrepreneurship education, leadership development, and innovation management in multicultural environments. In 2004, he joined Nanyang Technological University as an Assistant Director to serve in the China Strategy Group (President’s Office). He was responsible for strategy formulation and implementation of several China-related special projects for the University. He received the NTU's Nanyang Award for Teamwork in 2006. As an Executive Committee Member serving in Singapore-China Association for Advancement of Science and Technology (SCAAST), he received a Sustainable Service Award from SCAAST in 2013 for recognition of his contribution and service excellence in the Association. Prior to entering the education field, Dr Xia worked in IT and real estate industries. He was in charge of several major business projects relating to ERP software outsourcing, e-commerce, knowledge management, and business mergers and acquisition.
Keeping close contact with an extensive number of experienced entrepreneurs and investors operating in both Singapore and China, he has helped a number of researchers, scientists and Master’s entrepreneurship graduates secure angel and venture capital for their technology start-ups. In addition, he has been continuously serving as a member of the final-round judging committee of Singapore Prestige Brand Award (http://www.spba.com.sg) since 2015.