October 3, 2013 – Entrepreneurship: What We Know and Why Does It Matter? Dr. Vishal Gupta

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Speaker:
Dr. Vishal K. Gupta, Professor at School of Management, Binghamton University

Description:
Dr. Vishal K. Gupta is Assistant Professor at Binghamton University’s School of Management, where he teaches courses in strategy, sustainability, and international business. His research on entrepreneurship has seen both national and global publication. His practical experience in entrepreneurship spans several sectors, primarily machine tools, automotive, and education.

PowerPoint: 
Entrepreneurship: What We Know and Why Does It Matter?

Location: 
Binghamton University Downtown Center

Present:
Speaker – Vishal Gupta (Binghamton University)
Attendees – John Hayek (STOC), Kimberlee Bush (Evergreene Graphics), David Currie (Binghamton Regional Sustainability Coalition), Ruth Fiato (Tioga County Industrial Development Agency), Donna Fish (Independent Consultant), Matthew Gieger (Binghamton University), John Gutenberger (Cornell University), Merry Harris (BLDC), Janet Hertzog (SUNY Broome), Laura Holmes (SUNY Research Foundation), Jamar Johnson (Jrama Entertainment), Darlene Kanuk (SUNY Broome Community College), Cindy Kehoe (Info4Advantage), Susan McInvale (Binghamton University), Liz  Rickard (CORE), Teresa Saraceno (Tioga County Economic Development), Timothy Smith (TDS Performance Improvement, LLC), Jeff Smith (Endwell Rotary), Chuck Wheeler (Broome-Tioga BOCES), Cliff Olin (Olin Capital Advisors, Inc.), Robin Eccleston (Tioga County BOCES), Thomas Kowalik (Binghamton University), Roni O’Geen (Binghamton University).

Reports/Discussion

  • T. Kowalik welcomed members and participants and provided an overview about SUNY BEST. He reminded everyone that this session was being recorded and a link to the recording would be placed on the SUNY BEST website.
  • Attendees introduced themselves.
  • Guest speaker Vishal Gupta explained how entrepreneurship is of vital importance to the Greater Binghamton Area, New York State, and the United States for several reasons: economic growth, increased employment, and greater incomes, which in turn may enrich the tax base and improve the lives of all citizens. He discussed what is currently known about entrepreneurship, with special focus on women and minorities. New York ranks 20th in the country on “entrepreneurial energy” and 3rd in the country on the number of female-owned business, but a majority of these businesses are located in the NYC metropolitan area (about 90%), with little growth over the years in women-owned businesses in other parts of the state. It is one of the most ethnically diverse states in the country, but none of the cities in New York rank even among the top 30 metropolitan areas for minority entrepreneurs. Dr. Gupta also referred to an article by Terry Allen published in the Journal of Business Venturing in 2007. The article “A Toy Store(y)” can be found in vol. 22, issue 5, pages 628-636.

Next Meeting:
The next meeting is Thursday, November 7, 2013 from 10:00am – 12:00pm at the Binghamton University, Downtown Center, Binghamton, New York.