Intrapreneurship Infrastructure for Industrial Companies Pursuing New Ventures

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Intrapreneurship Infrastructure for Industrial Companies Pursuing New Ventures Intrapreneurship Infrastructure for Industrial Companies Pursuing New Ventures A Thesis Submitted to the Faculty of Drexel University by Carlo Stephen Ciliberti, Jr. In partial fulfillment of the requirements for the degree of Doctor of Philosophy December 2015 © Copyright 2016 Carlo Stephen Ciliberti, Jr. All Rights Reserved. iii Dedications I dedicate my dissertation work to my family. First and foremost to my parents Janice and Carlo who have supported and encouraged me unconditionally throughout my life. They have instilled my desire to learn and to be the best that I can be through their love, inspiration and examples. The generations that have passed before me have all worked to make the lives of their children better which is what made this opportunity possible. To my wife, Dena, who watched me spend many long nights and weekends juggling school, work and daily activities. The many little acts of kindness like having gluten-free snacks ready and waiting and a big hug mean more to me than she will ever realize. To my daughter Tiffany whose excitement during her own pursuit of her college degree was inspirational and helped fuel my desires to forge ahead. And to my son, Carlo III, who not only stood by my side during two publication presentations working the power points at only 8 and 9 years old, but constantly reminded me through his actions that the true quest of learning starts with pure wonderment. iv Acknowledgments I wish to thank my committee members whose expertise, support, encouragement and time helped me achieve this life-long goal. Thank you Dr. Anthony Deese for your technical proficiency, guidance and assistance with Power and Electrical engineering as well as keeping me focused. Thank you Dr. Stephen Smith for your expertise, time and patience in business modelling, finance and economics. Thank you Dr. Robert Brehm for your guidance with engineering, procurement and construction issues as well as risk management. Thank you Dr. Sabrina Spatari for your skills and expertise in Life Cycle as well as your countless hours with publication assistance and direction. I would also like to thank Dr. Sarah Jordaan for going out of her way to assist with environmental and energy policies as well as her dedication and skills developing manuscripts for publication. Dr. Jordaan’s enthusiasm and zest for achievement are infectious as well as inspiring. A very special thank you to Dr. Joseph Martin, my committee chairman, who not only took me under his wing but also provided his encouragement and friendship every step of the way. Dr. Martin’s mentoring, stories and acts of kindness give true meaning to the word “teacher”. He always left me with renewed dedication and desire to continue throughout the entire process. In addition to my committee members, I would also like to thank Kristen Johnson, Chris Morse, and Jessica Atchison who have greatly contributed to my continuing education and dedication to Drexel University. They’re professionalism, constant support, positive demeanors and unique abilities to achieve results are remarkable. They are the true foundation to a great institution. v Table of Contents LIST OF TABLES .........................................................................................................................................ix LIST OF FIGURES ........................................................................................................................................xi ABSTRACT .................................................................................................................................................. xx CHAPTER 1: INTRODUCTION ................................................................................................................... 1 CHAPTER 2: INTRAPRENEURSHIP – LEARNING FROM PAST SUCCESSES .................................... 3 2.1 History of IBM ....................................................................................................................... 3 2.2 IBM’s Downward Slide ......................................................................................................... 7 2.3 Enter Louis Gerstner .............................................................................................................. 8 2.4 Emerging Business Opportunities ........................................................................................ 11 2.5 IBM’s Emerging Business Opportunities Success ............................................................... 14 2.6 Lessons Learned IBM’s EBO Successes .............................................................................. 15 2.7 Comparison to Other Recent Successes ............................................................................... 16 CHAPTER 3: INTRAPRENEURSHIP – LEARNING FROM PAST FAILURES ..................................... 18 3.1 Boeing-Vertol’s Mass Transit New Venture ........................................................................ 19 3.2 Boeing-Vertol’s Mass Transit New Venture Failure ............................................................ 22 3.3 Lessons Learned from Boeing-Vertol’s Mass Transit Failure ............................................. 26 3.4 Comparison to Other Recent Failures .................................................................................. 27 CHAPTER 4: CORPORATE INTRAPRENEURSHIP ............................................................................... 30 CHAPTER 5: NATURAL RESOURCES FEASIBILITY STUDY ............................................................. 38 5.1 Wind Energy ........................................................................................................................ 40 5.2 Great Plains Population ........................................................................................................ 42 5.3 Vegetative Feedstock ........................................................................................................... 43 vi 5.4 Animal Feedstock ................................................................................................................ 49 5.5 Algae Feedstock ................................................................................................................... 51 5.5 Woody Biomass ................................................................................................................... 53 5.6 Feasibility Analysis Results ................................................................................................. 55 CHAPTER 6: RURAL ELECTRIFICATION ASSOCIATIONS FEASIBILITY STUDY ......................... 56 6.1 History of REAs ................................................................................................................... 56 6.2 The Grid ............................................................................................................................... 58 6.3 Feasibility Analysis Results ................................................................................................. 62 CHAPTER 7: LIFE CYCLE ASSESSMENT AND PROJECT ECONOICS FEASIBILITY STUDY ....... 63 7.1 Introduction .......................................................................................................................... 63 7.2 Life Cycle Assessment ......................................................................................................... 67 7.3 Land Use Requirements ....................................................................................................... 68 7.3 Methods ................................................................................................................................ 68 7.4 Land and Economic Analysis ............................................................................................... 72 7.5 Wind Farm Results ............................................................................................................... 77 7.6 Anaerobic Digester Results .................................................................................................. 80 7.7 Policy Implications and Conclusion ..................................................................................... 87 CHAPTER 8: INTRAPRENEURSHIP BUSINESS MODEL ..................................................................... 89 8.1 Introduction .......................................................................................................................... 89 8.2 Business Need for an Integrated System .............................................................................. 91 8.3 Integrated Renewable Energy Business Model .................................................................... 92 8.4 Conclusion ........................................................................................................................... 96 CHAPTER 9: INTRAPRENEURSHIP RISK MANAGEMENT ................................................................. 98 vii 9.1 Introduction .......................................................................................................................... 98 9.2 SWOT Template ................................................................................................................ 101 9.3 SWOT Example ................................................................................................................. 102 9.4 Intrapreneurship New Venture SWOT Analysis ................................................................ 105 9.5 Using SWOT Analysis Results to Develop a Business Strategy .......................................
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