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An Academic-Practitioner
Collaboration to Develop a
     New Measure of
Entrepreneurial Personality

          John Bradberry
       ReadyFounder Services
       S. Bartholomew Craig
    North Carolina State University
Background / Context

• ReadyFounder	
  Framework

• What	
  is	
  entrepreneurial	
  personality	
  
  and	
  why	
  build	
  a	
  new	
  measure?

• Why	
  involve	
  an	
  academic	
  (and	
  how	
  to	
  
  find	
  and	
  choose	
  one)?
Founder Readiness

P u r p o s e 	
   / 	
   M o t i v a t i o n
S k i l l s 	
   / 	
   E x p e r i e n c e
Personality
S u p p o r t 	
   S y s t e m
F o c u s 	
   / 	
   P e r f o r m a n c e
The Practioner’s Agenda

• Serve	
  pracEce’s	
  need	
  for	
  a	
  useful	
  tool

• Create	
  a	
  marketable	
  product:	
  	
  user-­‐
  friendly

• Move	
  reasonably	
  quickly	
  (sync	
  w/book)	
  

• Test	
  commercial	
  viability	
  by	
  iteraEng	
  
  over	
  Eme	
  (treat	
  as	
  a	
  market	
  experiment)
The Academic’s Agenda

• Follow	
  rigorous	
  procedure

• Comply	
  with	
  InsEtuEonal	
  Review	
  
  requirements

• Produce	
  publishable	
  research

• Involve	
  graduate	
  students
Biography of a Project

    Project	
  specs	
  and	
  Emeline


ArEculated	
  dimension	
  definiEons


    Created	
  iniEal	
  item	
  pools	
  


    Data	
  collecEon	
  -­‐	
  Round	
  1
Biography of a Project (cont.)

   Analyzed	
  data	
  and	
  refined	
  tool


             IdenEfied	
  IT	
  vendor


    Created	
  plaSorm	
  (with	
  IT	
  vendor)


      Solicited	
  feedback	
  from	
  SMEs
Biography of a Project (cont.)



              Deployed	
  v1.0	
  of	
  tool


   Currently	
  planning	
  for	
  next	
  revision,	
  
    based	
  on	
  user	
  data	
  and	
  feedback
Challenges

• Good	
  Old-­‐Fashioned	
  Time	
  Compression	
  
• Difficulty	
  Involving	
  Students
• Data	
  CollecEon	
  Rate
• Ambiguity	
  of	
  Roles	
  with	
  IT	
  Vendor
• “FricEon”	
  in	
  Individual	
  User	
  Experience	
  
  (vs.	
  Group	
  Code)
Lessons and Suggestions

• Clarify	
  mutual	
  expectaEons	
  up	
  front
     -­‐ we	
  commi)ed	
  for	
  the	
  long	
  term	
  (2+	
  years)
     -­‐ take	
  stock	
  of	
  everyone’s	
  strengths	
  and	
  limita<ons

• Keep	
  lines	
  of	
  communicaEon	
  wide	
  open
• If	
  involving	
  students,	
  link	
  to	
  a	
  milestone
• Keep	
  the	
  other’s	
  perspecEve	
  in	
  mind,	
  
  always
• Maintain	
  flexibility	
  at	
  every	
  step
Going Forward Considerations
 • PracEEoner:	
  	
  How	
  to	
  commercialize	
  it?	
  
   What	
  have	
  we	
  learned	
  about	
  the	
  market?

 • Academic:	
  	
  How	
  can	
  we	
  leverage	
  this	
  
   project	
  to	
  advance	
  scienEfic	
  knowledge?

 • Overlap:	
  
    -­‐ enlisEng	
  insEtuEonal	
  partners
    -­‐ gathering	
  longitudinal	
  data
For More Information . . .


  • jb@readyfounder.com

  • bart_craig@ncsu.edu

  • www.ReadyFounder.com

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Bradberry/Craig Presentation - SIOP 2012

  • 1. An Academic-Practitioner Collaboration to Develop a New Measure of Entrepreneurial Personality John Bradberry ReadyFounder Services S. Bartholomew Craig North Carolina State University
  • 2. Background / Context • ReadyFounder  Framework • What  is  entrepreneurial  personality   and  why  build  a  new  measure? • Why  involve  an  academic  (and  how  to   find  and  choose  one)?
  • 3.
  • 4.
  • 5. Founder Readiness P u r p o s e   /   M o t i v a t i o n S k i l l s   /   E x p e r i e n c e Personality S u p p o r t   S y s t e m F o c u s   /   P e r f o r m a n c e
  • 6. The Practioner’s Agenda • Serve  pracEce’s  need  for  a  useful  tool • Create  a  marketable  product:    user-­‐ friendly • Move  reasonably  quickly  (sync  w/book)   • Test  commercial  viability  by  iteraEng   over  Eme  (treat  as  a  market  experiment)
  • 7. The Academic’s Agenda • Follow  rigorous  procedure • Comply  with  InsEtuEonal  Review   requirements • Produce  publishable  research • Involve  graduate  students
  • 8. Biography of a Project Project  specs  and  Emeline ArEculated  dimension  definiEons Created  iniEal  item  pools   Data  collecEon  -­‐  Round  1
  • 9. Biography of a Project (cont.) Analyzed  data  and  refined  tool IdenEfied  IT  vendor Created  plaSorm  (with  IT  vendor) Solicited  feedback  from  SMEs
  • 10. Biography of a Project (cont.) Deployed  v1.0  of  tool Currently  planning  for  next  revision,   based  on  user  data  and  feedback
  • 11.
  • 12. Challenges • Good  Old-­‐Fashioned  Time  Compression   • Difficulty  Involving  Students • Data  CollecEon  Rate • Ambiguity  of  Roles  with  IT  Vendor • “FricEon”  in  Individual  User  Experience   (vs.  Group  Code)
  • 13. Lessons and Suggestions • Clarify  mutual  expectaEons  up  front -­‐ we  commi)ed  for  the  long  term  (2+  years) -­‐ take  stock  of  everyone’s  strengths  and  limita<ons • Keep  lines  of  communicaEon  wide  open • If  involving  students,  link  to  a  milestone • Keep  the  other’s  perspecEve  in  mind,   always • Maintain  flexibility  at  every  step
  • 14. Going Forward Considerations • PracEEoner:    How  to  commercialize  it?   What  have  we  learned  about  the  market? • Academic:    How  can  we  leverage  this   project  to  advance  scienEfic  knowledge? • Overlap:   -­‐ enlisEng  insEtuEonal  partners -­‐ gathering  longitudinal  data
  • 15. For More Information . . . • jb@readyfounder.com • bart_craig@ncsu.edu • www.ReadyFounder.com