Entrepreneurship Is Global Roundtable

On Tuesday, November 15, 2016, nearly 30 industry leaders, entrepreneurs, faculty, staff, and students from around the world worked together in Ithaca, New York, at the Entrepreneurship Is Global Roundtable, chaired by Mona Anita Olsen ’04 PhD, Associate Professor at SHA and sponsored by the Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship in celebration of Global Entrepreneurship Week, an initiative of the Global Entrepreneurship Network. The group engaged in five different topical discussions over the course of the day. Participants started the discussion on entrepreneurial talents and Gallup’s Entrepreneurial Profile 10 (EP10) Assessment. Participants were provided the opportunity to take the EP10 assessment prior to the roundtable and bring their results for discussion. At the roundtable, participants were asked to work in groups to map out their respective top four talents in a group matrix and their respective goals as a cohort to determine what areas they need to build out to support the future development of their group. Participants also discussed the ‘Internet of Things’ (IoT) in response to the following question: if we are not connected, do we exist? The discussion focused on advocating for proactive approaches to creating a personal privacy policy, the importance of a solutions based value-creation approach to technology implementation, and fueling technology investment to align with both a company’s strategic mission and defined target market. The discussion continued around entrepreneurship in China—highlighting the role of government and the Chinese government’s five year planning process in addition to the pain points and opportunities for the Chinese hotel industry. There was discussion over whether big data plus internet plus revenue optimization equals success as the world is transforming from information technology to data technology. Participants were then presented with three dimensions of authenticity: individual, corporate, and market before engaging over how authenticity creates value for organizations across the world. Finally, the development, evolution, and growth of the craft beverage industry in New York was discussed from a policy and tourism standpoint. The path created by the New York wine industry set up a pattern for success in the beverage experience economy. Participants discussed the idea of whether or not there is a ‘Beer Bubble’ and how destinations can be created by the collective approach to driving the craft beverage industry moving forward.