Summary and Info
The basic objective of this work is to explore an intelligent entrepreneurship model in the domain of renewable energy, more specifically solar energy. This is an interesting cross-fertilization between management science (e.g. business intelligence, technology management, entrepreneurship) and engineering science (e.g. photonics, power electronics, chemical engineering, electrical engineering, renewable energy and structural engineering). It is basically a modest effort to business model innovation and system implementation; it tries to explore a set of fundamental questions based on rational analytics: What are the business intelligence moves in solar technology management? Who are the customers? What do they value? How is it possible to deliver value to the customers at optimal cost? What are the emerging application domains? What is the revenue model? What is the quality policy? What are the corporate social responsibilities? Can the business model generate significant number of new job opportunities in our society? Is the technology ready, feasible and practically implementable? What are the major constraints? What are the critical success factors? The summary of this work is that the proper diffusion of solar power technology at a fast speed requires the effective coordination and integration among eight ‘S’ elements i.e. business intelligence moves: System, Security, Strategy, Structure, Staff, Skill, Style and Shared vision. The system intelligence is explored along five dimensions: smart materials innovation for photonic cell, power electronic circuit intelligence in terms of power amplifier, converter and inverter, energy storage, energy efficient load (e.g. LED, computing devices, motors) and topology (e.g. microgrid, standalone or hybrid system). The security intelligence is explored along four dimensions: switchgear, relay, earthing system (e.g. lightning arrester, earthing rod) and load manager (e.g. MPPT, energy measurement). The strategic intelligence is associated with good governance, good wishes in public policy, industry analysis, efficient enterprise resource planning, supply chain management and marketing efforts (e.g. pricing, promotion, trust in communication, sales and distribution). The business model requires the support of a process enterprise structure enabled with advanced information and communication technology. The structure should have project, power generation, distribution, maintenance, revenue management, HR, SCM and finance cell. The structure is also important for System Skill & Style Strategy Staff Structure Security Shared visionTechnical report : BISPE V1.0 1.1.2015 Author : Sumit Chakraborty Page 2effective knowledge management: creation, storage, sharing and application of knowledge in a transparent, collaborative and innovative way. The business model should be operated by a pool of intelligent, educated, efficient, productive, committed and motivated staffs or HR workforce. The workforce require different types of skills such as research and development, product design, sales, event management, project management, erection, testing, commissioning and service maintenance. One of the critical success factors is the style or quality of leadership in terms of motivation, commitment, support, coordination and excellent communication. The leaders must be able to share vision and values among all the stakeholders honestly and appropriately in time. It is really challenging to implement the solar power system physically and practically for global energy security. There are different threats from traditional industries: coal, oil and gas, thermal and nuclear power, local bias, power play and politics. It is essential to understand the intelligence of business modeling and system dynamics, fundamental rethinking and radical redesign of global energy trading. The traditional boundaries of electrical, power and consumer electronics and structural engineering industries must be redefined for future growth in a stable way. This work also outlines a set of interesting business models as the basic building block of entrepreneurship. The research methodology adopted for this work includes case based reasoning; literature review on solar energy, photonics and photovoltaic power electronics; research and work experience on ERP and electrical engineering; teaching experience and coursework on entrepreneurship, strategic management, business modeling and system dynamics, BPR and ERP. Keywords: Energy Security, Business intelligence, Solar power electronics, Power amplifier, Business modeling and system dynamics, Technology diffusion, 8-S model, Entrepreneurship, Natural Resources Planning (NRP).