Algorithm for Innovative Educational E-System on Strategic Management for Technology New Ventures


The goal of this article is to present the results from a research on strategy modeling for technology new ventures and the creation of an educational e-system used for education on strategy management and strategy modeling for students on entrepreneurship and entrepreneurs in technological sphere. The presented algorithm is based on research including: adaptation of the classical process of strategic management for technology new ventures; development of an innovative detailed process for strategic modeling for technology new ventures with development of all included substeps and tools; development of strategic identifying and analysing modeling canvas; modification of balanced scorecard model; application of 3-dimensional classification model of the basic typological strategies for technology new ventures and defining of the corresponding key factors of success, strategic threads, etc., based on research amongst 121 entrepreneurs in the technological sphere (107 from Bulgaria and 14 from other countries). The implemented educational e-system is designed specifically for education on strategic management in technology entrepreneurship. The algorithm of the e-system gives students and entrepreneurs the possibility to check their skills in strategy modeling by automated comparing of their results with the elaborated through the current research results for the different typological strategies for technology new ventures. The system also teaches students in the sequence of steps in the process of strategic management for technology new ventures. This article is describing the developed and implemented in the system algorithm, underlining processes, tools and interconnections, as well as the automation principles of work of the system and its applications.

Author Information
Sia Valentinova Tsolova, Sofia University "St. Klimenti Ohridski", Bulgaria

Paper Information
Conference: ACSET2014
Stream: Education and Technology: Teaching

This paper is part of the ACSET2014 Conference Proceedings (View)
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Posted by amp21