FM-BINUS-AA-FPU-745/R0

BINUS BUSINESS SCHOOL

OFF-CAMPUS EXAM

DAY – DATE : Monday, January 27, 2020 at 13.00 WIB – Monday, February 3, 2020 at 13.00 WIB

SEMESTER: Odd Semester Period 2, 2019/2020

EXAM TYPE: Off Campus Examination
PROGRAM: MM Blended Learning
CODE - COURSE NAME: MGMT8043 – Leadership & Human Capital Management
LECTURER: Dr. Anita Maharani
Dr. Sekar Wulan P,S.Si.,M.Pd.
CLASS: LOA1 & LOB1/Batch 21
TIME ALLOWED: Monday, January 27, 2020 at 13.00 WIB – Monday, February 3, 2020 at 13.00 WIB

OFF-CAMPUS EXAM REGULATIONS:

1. For BBS MM Young Professional Program and BBS MM Blended Learning Program students, you are allowed
to write in correct and proper Bahasa (except for the other programs, it should be in correct and proper
English).

2. Students are responsible for preparing all their needs for the exam, for example: Internet connection,
laptop, etc.

3. You MUST STAND BY 5 minutes before the exam starts by signing in the system.

4. Students must submit and upload their answers through the system within the exam time.

5. A student may complete and submit the answers of the exam into the portal before – but not after – the
exam time ends.

6. No additional exam time will be given for tardy students.

7. A student will be considered cheating if he or she is suspected of doing plagiarism as already defined in the
student guidelines. Plagiarism is committed through, but not limited to, the following acts:

- Copying the work of another student

- Directly copying any part of another person’s work

- Summarizing the work of another person

- Using or developing an idea or thesis derived from another person’s work

- Using experimental results obtained by another person

- Incitement by a student of another to plagiarize

- Copy pasting from a book / textbook.

8. Any student who is caught doing the above action (s), will be listed by name and the Ethics Committee will
decide whether or not the action is considered as cheating.

9. Should the Ethics Committee consider and verify your actions as cheating, you will immediately face
expulsion from BINUS UNIVERSITY INTERNATIONAL/BINUS BUSINESS SCHOOL - MASTER PROGRAM *).

10. If a student finds difficulty to upload the answers, they have to contact the staff within the exam time with
evidence to further process.

*) Choose one
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Leadership and Human Capital Management

Source: https://www.forbes.com/sites/geristengel/2019/11/27/is-the-next-big-thing-in-venture-capital-
human-capital/#545fa64f28ad

Is The Next Big Thing In Venture Capital Human Capital

Geri Stengel

Eva de Mol is a venture capitalist whose expertise is helping scaling companies build cohesive teams. She
also has a joint Ph.D. in economics from the Vrije Universiteit Amsterdam and the University of California,
Berkeley Haas Business School. Her academic research focused on the relationship between a team's
composition and venture success. She uses team assessment methods to evaluate teams in a structured
way.

When you admire someone, sometimes you have to be proactive in meeting her. "I guess you could say,
I was stalking Janneke," said de Mol. She was a huge fan of Janneke Niessen long before they met. Niessen
is a serial tech entrepreneur, angel investor, and advocate for women in tech around the world. She
successfully built and sold two international tech companies. Her expertise is as a product person — the
person that understands the market needs and creates the strategy and marching orders for engineering,
operations, and sales. Both live in the Netherlands.

One reason de Mol recruited Niessen as a speaker for an event de Mol was organizing was so she could
meet Niessen. After the event, "we started doing things together," de Mol explained. They discovered
they had a shared vision around an investment philosophy for a venture capital firm and that their values
were aligned. Alignment around vision and values is critical to the success of an organization.

Within a year and a half, they started talking about forming a venture capital firm together. The result:
CapitalT, a venture capital firm, which invests in companies that are digitally native and understand the
needs of consumers, improve industries and processes, and are re-inventing existing products and
services.

"Sixty percent of companies fail due to issues with the team,"* said de Mol. Using Melissa Cardon, the
Nestlé Endowed Professor of Business Administration in the Haslam College of Business at the University
of Tennessee, entrepreneurial passion scale, de Mol and Niessen are building an online platform to
evaluate startups with the potential to become a tech unicorn — a privately held startup company valued
at over $1 billion.

Cardon and a group of researchers define entrepreneurial passion as an overwhelming love for what they
are doing, which is a deep part of their identity. This passion enables entrepreneurs to persist in spite of
setbacks. Passion is divided into three categories:

Inventing: creating a new product or service.

Founding: starting a company from nothing.
Developing: taking something nascent and growing it into something huge.
However, too much passion can result in entrepreneurs putting on blinders, and an unwillingness to
accept advice or help from others who have needed insights and skillsets, commented Cardon in an
interview at Pace's Entrepreneur Lab.

Using the scale that Cardon and her team developed as the foundation for de Mol's research, she found
that not sharing in the corporate vision and values also lowered company performance. Carol Dweck's,
the Lewis and Virginia Eaton Professor of Psychology at Stanford University, research on the growth
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mindset was also incorporated into the assessment. Her research revealed that people who coped with
failure through effort had a growth mindset were more resilient and more likely to succeed. This improves
a company's performance.

To differentiate themselves from other VCs, de Mol and Niessen are building an online platform that
evaluates not just a company's traditional financial indicators and market metrics such as size, product
potential, and traction, but also its human capital going beyond hard skills, knowledge, and experience to
evaluate soft skills such as entrepreneurial passion, shared vision and values, and mindset. Hard skills are
the skills you develop through learning, such as business planning, financial analysis, and coding. Soft skills
are the ones you obtain through personal growth, such as the ability to build teams and lead. Importantly,
de Mol's research found no difference in performance between the sexes.

Social capital is critical to an entrepreneur's success. Entrepreneurs need people who use their clout to
open doors to investors, major potential clients, or referrals to top talent. Many brilliant first-time
entrepreneurs, especially women, don't have a network that includes angel and venture investors,
commented Niessen. "We've built an online platform to identify them [brilliant entrepreneurs]." By
making the platform open to all entrepreneurs, underrepresented entrepreneurs will have equal access
to becoming a CaptialT portfolio company. The platform is in private beta now and will be in public beta
in Q1 2020. People will be able to access the platform via CaptialT’s website.

Diversity is not just the right thing to do but it is good for business. Over the past few years, a growing
body of evidence confirms the impact of diversity has on innovation, the gap in venture capital going to
women in general, and the high performance of female-founded companies. By evaluating not just the
founder but the team in a data-driven way, CaptialT will back more diverse teams with better skills and
knowledge. Whether CaptialT invests in an entrepreneur's company or not, all who take the assessment
will receive feedback based on the assessment.

How will you better evaluate your company's human capital?

Questions

1. Define what are issues explained in the article? (10 pts)

2. Make an analysis on Eva de Mol, what do you think about her? (15 pts)
3. “Sixty percent of companies fail due to issues with the team”. What could be possibly done by
companies to overcome that issues (besides of what have been discussed in this article), support
your arguments with concepts? (25 pts)
4. Evaluate on what have been done by de Mol and Niessen, and elaborate your answers with
examples and concepts. (50 pts)