CleanStart
Simulating a Clean Energy Startup
Entrepreneurship &
System Dynamics
Entrepreneurialism is risk-taking, leadership, strategy, vision, resilience, value creation, and hard work. Strategy is front and center in the face of uncertainty and when results are not meeting expectations. What is the right marketing model? How do we increase product adoption? What are the barriers? How can we improve strategic insight?
System dynamics models capture reinforcing and balancing loops resulting in growth or decline and delays experienced in entrepreneurship, like what drives innovation, new products and services, customer acquisition, barriers or delays to growth through regulation, and more. Simulating models about adoption, growth limitations, and other dynamics provides an understanding of the most influential factors at play, including decision thinking.
Decision-making behavior is crucial to study and understand. System Dynamics simulations challenge assumptions in a risk-free environment while increasing action learning that can be applied in real-world scenarios.
ABOUT
Simulating a Clean Energy Startup
In this live, web-based simulation, participants play the role of the founder of a new startup company in the exciting and competitive clean tech sector. Participants will be randomly divided into groups of 4 to 5 people to run the simulation together. Meet new people. Learn a lot in a short period of time.
Can you develop your technology into a successful company? You must set quarterly prices, decide how many engineers and salespeople to hire, and set compensation, including salary, stock, options, and profit sharing. Will you pitch your firm to venture capitalists or bootstrap and remain 100% employee-owned? Will you win customers and become cash flow positive before you run out of funds? Will you succeed and take your firm public?"
Event Features
Interactive Simulation
In this live, web-based simulation interactive event, participants play the role of the founder of a new startup company in the exciting and competitive clean tech sector.. You'll meet new people. Run the simulation in teams that are randomly assigned. Make decisions, take risks, and observe the impact on your venture.
Learning Objective
Experience the challenges of building a startup company in a demanding competitive environment, including financial, human resource, strategic, and other decisions.
Action Learning
Encouraging exploration and innovation, simulations are risk-free environments to challenge mental models and day-to-day assumptions.
Our
Speakers &
Facilitators
John D. Sterman, PhD
FIELD LEADER AND JAY W. FORRESTER MIT PROFESSOR OF SYSTEM DYNAMICS AND ENGINEERING SYSTEMS
Director, MIT System Dynamics Group
MIT Alum '82
David Miller, PhD
CLEAN ENERGY VENTURES
CO-FOUNDER & MANAGING PARTNER
MIT Alum '90, '91, '2007
Start Time 12:00 PM EST
Kick Off, Welcome, & Introduction
Simulation Run in Teams
Debrief & Wrap Up
Supporters
The MIT Alumni Energy, Environment and Sustainability Network (EESN) mission is to educate, connect alumni/ae, and act collaboratively.
The
Venue
ABOUT THIS VENUE:
This is an online event.
MIT Alumni System
Dynamics Club Membership
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