Interest in the need to develop training programs for women entrepreneurs is growing, especially in developing countries where the potential influence of women entrepreneurs is significant. In these countries, woman entrepreneurs are often the first women in their families to receive an education or training. They also offer much-needed leadership models for girls and women […]
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Mentors with extensive entrepreneurial experience can make a significant contribution to the success of new or less experienced entrepreneurs facing the inevitable setbacks of early stage ventures. Many entrepreneurial mentoring relationships, however, rarely reach their full potential. Research from the University of Michigan, INSEAD, and the Entrepreneur Futures Network, based on an extensive survey of […]
Read More… from Growth Mindset, Empathy and Training for Entrepreneurial Mentoring
Corporate venturing, a collaboration between an established firm and an innovative start-up, has been gaining ground as a strategic path to innovation. There is a wide range of mechanisms for corporate venturing, of which the following is a sample: Scouting missions. Looking for innovations aligned with the company’s goals, representatives of the corporation meet with […]
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The greatest hurdle for entrepreneurial enterprises, especially in the early stages, is gaining access to the external resources required to launch and maintain the venture. After synthesizing the lessons from their meta-analysis of 76 articles in academic journals across various economic, sociological and psychological disciplines, a team of three researchers from the U.S. and Spain […]
Read More… from Strategies and Tools for Entrepreneurs in Search of Resources
More than a billion people live in poverty around the world, earning less than $2 a day. A billion people may be a huge market in terms of numbers but they don’t have the disposable income that can turn them into traditional customers. However, C.K. Prahalad and other pioneer academics and entrepreneurs recognized the potential […]
Read More… from Business Templates that Succeed in ‘Bottom of the Pyramid’ Environments
Entrepreneurs need money to fund their ideas. Many legendary start-ups received their early funding from venture capitalists. However, VC’s are now more interested in contributing to later stage companies rather than take a chance with early stage start-ups that have a much greater chance of failing. Into the breach steps the Internet-based crowdfunding platforms, in […]
Read More… from Crowdfunding Still Attracts Local Investors to Local Ventures
Google was famous for its 20% free innovation time policy. Google employees were allowed to spend 20% of their time in the office to pursue any personal interests and ideas that could lead to new products or revenue sources for Google. Aside from this mandate, employees were unfettered by deadlines and goals. Instead, they were […]
Read More… from Why Slack Time Is Important for Innovation: It’s Not What You Think
In the early 1990s, large corporations started moving, slowly and almost imperceptibly at first, away from the kind of broad scientific research that led to such inventions as Nylon and the graphic user interface (GUI). GUI transformed personal computing by enabling users to, for example, simply drag a document into a folder instead of typing […]
Read More… from Will Corporations Leaving Basic Scientific Research Kill the Golden Goose?
For most consumers, waiting in a long queue is a frustrating experience. There is nothing to be gained from standing in a slow line at the grocery store or waiting endlessly on the phone as a call centre automated voice intones again and again that “your call is important to us.” Most consumers don’t realize, […]
Read More… from The Surprising Benefit of Long Queues for Customers and Business
Through crowdfunding, investors choose to participate in new projects by becoming ‘pre-buyers’. The term ‘pre-buyer’ is used because no money changes hands until the venture has enough funds to start operations. If not enough money is raised in the allotted time, the venture fails. The investment occurs sequentially, so that new pre-buyers can see the […]
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