This is an archived course. A more recent version may be available at ocw.mit.edu.

Advanced Search
    Archived Versions

    Readings

    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. (This resource may not render correctly in a screen reader.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 market overview.

    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 Lehrich, Jonathan, Paul John Paredes, and Ramesh Ravikumar. "Compsis at a Crossroads." MIT Sloan School Case 07-044, April 25, 2008.
    9 Life sciences overview, biotech entrepreneurship

    Required

    Kalegaonkar, Archana, Richard Locke, and Jonathan Lehrich. "Biocon India Group." MIT Sloan School Case 08-081, November 4, 2008.

    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