Entrepreneurship
Research and Service Design (Interdisciplinary and Collaboration)
a) Describe your group research and how it was developed.
Our group examined the potential for revitalizing areas in the dilapidated metropolitan areas surrounding and within Detroit, Michigan. We developed various ideas that were geared to repurposing structures and materials found within them. It is common for abandoned structures to contain valuable raw materials, though much effort will be necessary to dismantle and refurbish these materials. However, given the fact that whole tracks of abandoned building can be purchased for little to nothing, there is opportunity to profit for such endeavors.
b) How does your group research relate and support the research by other groups in the class?
All of the research prepared by both groups was geared toward sustainable development. Though the routes to achieving this varied slightly, the main underlying theme occurred on exactly the same path. This fact is exemplary of the broader efforts that are needed to make sustainable development a reality for the whole of humanity. For example, there isn't a single path or task that must be performed in order to be sustainable. Instead, to achieve true sustainability all efforts from all members of society must be directed toward activities that allow humanity to live in harmony with the natural capital that the Earth provides.
c) How was your research informed by the other research groups in the class?
The...
Timmons (1994) in his study presents a three-dimensional model of practical application of a good idea: Comprehensive evaluation of the opportunity; Comprehensive evaluation of one's own expertise and inclination; and Comprehensive evaluation of the resources gathering process to maintain the launch of business venture. Long and McMullan (1984) propose that application of a good idea depends on two processes; namely, elaboration and evaluation. Singh (1998) found that those entrepreneurs who spend more
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