Tag cloud of words entrepreneur

‘Entrepreneur’ as ‘Under Taker’: Cultural definitions

Have you ever wondered why we use the French word entrepreneur instead of the original, proper English word?

What is the definition of entrepreneur? The word entrepreneur is derived from the French entreprendre, meaning ‘to take in between’, or ‘to undertake’. English doesn’t really have its own word for entrepreneur – or better said, it once had such a word but tragically lost it.

Is an entrepreneur a funeral director?

The originator of the word is the Irishman living in France Richard Cantillon’s in his book Essai sur la Nature du Commerce en General (1755). When his book, originally written in French, was translated back into his native English, ‘entrepreneur’ was translated as ‘Under Taker’.… Read the rest

macquarie-penguin-oil

Entrepreneurial ecocide

For thousands of years, entrepreneurs have raped and pillaged the environment with impunity. Today we might call it entrepreneurial ecocide, namely large-scale environmentally catastrophic business activities by an entrepreneur. Ecocide is also a term for killing a species in an ecosystem to disrupt its structure and function. However, it has only recently been classified as a crime. For centuries people admired the entrepreneurial spirit that launched such ecocidal industries as whaling, the felling of indigenous forests, and the harvesting of coral reefs. In New Zealand, both Europeans and Indigenous Polynesians, the Māori, carried out mass exterminations of species in the name of enterprise.… Read the rest

Jihadist norm entrepreneurship: Ibrahim’s great idea

Warning:  This article may offend sensibilities because it deals with jihadist norm entrepreneurship.  Obviously, this is a fantasy teaching case to make a point.

What is norm entrepreneurship?

A small literature has emerged on norm entrepreneurship.  Norm entrepreneurs seek to change social norms.  If they are successful, they can cause ‘norm bandwagons’ and ‘norm cascades’.  Norm entrepreneurs are the central actors during the first stage in the life cycle of a norm, the norm emergence.  Just think of Princess Diana’s campaign to eliminate landmines.  Or Rev. Dr. Martin Luther King’s campaigns to overthrow racial oppression in America. [i]

Al-Bagdadi is a gifted orator and ‘norm entrepreneur’

Ibrahim al-Badr was studying religion and education at the University of Baghdad when he had a brilliant idea.  He had been reading about how norm entrepreneurs are necessary precursors to revolutionary change.  He had been particularly impressed with a noted Stanford University psychology professor who said that “human beings are capable of totally abandoning their humanity for a mindless ideology, to follow and then exceed the orders of charismatic authorities to destroy everyone they label as “the enemy”.  Ibrahim wanted to become that charismatic authority. 

Islamic fighters use extreme violence to change social norms.
Read the rest
economist-magazine

How to read The Economist

Some people believe that The Economist magazineis the greatest magazine in the world. It is required reading for every aspiring entrepreneur. The scope of reporting spans the globe, from the Tamil Tigers in Sri Lanka to the furniture industry of North Carolina. But it is the back few pages of each edition, called ‘Weekly Indicators’, that are the most important for globally oriented entrepreneurs. Using either the magazine itself or the website http://www.economist.com/markets/indicators/, study the following information and answer the questions below.

economist markets and data
This exercise relates to this part of the Economist

World markets

Market index

Market measures consist of weighted values of the components that make up certain lists of companies.… Read the rest

Samoa traditional mat weaving

Village entrepreneurship in Samoa

Women in Business Development Incorporated (WIBDI) introduced fine mat weaving as an income earning strategy for rural village women and their families. At that time the art of weaving very fine mats was almost lost. WIBDI staff ran workshops to teach the skill of weaving the fine mats to rural women. WIBDI seeks ‘sponsors’ (or buyers) for the fine mat, who are generally urban-based or overseas Samoans. The sponsors specify the type and size of mat that they want and pay WIBDI. WIBDI then arrange for a village woman to weave the mat. The fine mat weaving micro-entrepreneurs are paid on a weekly basis and WIBDI retains a small commission to cover some of their costs.… Read the rest

Wiggles at Wiggleworld

Top entertainers global business model

Wiggles at Wiggleworld
The Wiggles pursued a novel business model, in which children’s entertainment was made accessible to adults. To inform their undertaking, individual Wiggles obtained tertiary qualifications in early childhood development.

While still often perceived as just a music group, the successful Australian band known as ‘The Wiggles’ (http://www.thewiggles.com.au/) is born global entertainers business model success story. Its core business provides family entertainment through concerts, CDs, DVDs, television, toys, play centres, theme parks and online communities.

The Wiggles are active in New Zealand, the UK, the Republic of Ireland, the US, Canada and Taiwan, and are considering additional markets in Asia and South America.… Read the rest

Born global social entrepreneurs

Don’t think for a moment that global entrepreneurship is for the private sector only! Today, no government, company or group, working alone, can solve a major issue. They have to work together.  They are called ‘born global social entrepreneurs’. Ageing population, unemployment, mental illness, cutting carbon emissions: solutions to these and many other world problems are being exported, licensed, franchised and sold around the world. All over the world, social innovators are importing and exporting solutions to the most pressing problems facing society today – from fair trade, distance learning, hospices, urban farming and waste reduction to restorative justice and zero-carbon housing.… Read the rest

Lord of the Rings. One Ring

Lord of the Rings innovation

Sir Peter Jackson

New Zealander Peter Jackson
Director Peter Jackson at the World premiere of the third part of Lord of the Rings in Wellington, New Zealand.

After a family friend gave the Jacksons a Super 8 cine-camera with Peter in mind, he began making short films with his friends. When he was 16 years old, Jackson dropped out of school and worked as a photo-engraver for a newspaper.  Living at home with his parents, he saved his money to buy film equipment. His Oscar-award winning company, Weta Digital, is a digital visual effects company based in Wellington founded in 1993 to produce special effects for Jackson’s first film, the psychological drama Heavenly Creatures.… Read the rest

Born global as a lifestyle

Born global entrepreneurs

A born-global business is a firm that has deliberately ventured overseas soon after their establishment (within two years).[i]  Thirty-five per cent of respondents to the 2017 Australian Business Foundation’s Born to be Global are ‘born global’ by this definition.[ii]

Rod Cuthbert

Acquired by TripAdvisor in 2014 for $200m, ‘curated’ travel site Viator was founded in Sydney in 1995 by high school drop-out Rod Cuthbert.  ‘[I didn’t like] the American model of finishing high school, going straight to college, getting a degree, going to work for a large corporation . . . I just couldn’t be bothered taking exams in my final year of high school.… Read the rest

How to spot lucrative global opportunities

Big Apple Buddy business process
Here’s the innovative business process that Big Apple Buddy created. https://www.bigapplebuddy.com/how-it-works/

In many countries, it is nearly impossible to get the latest products introduced in the US market until they ‘diffuse’ down.  One Australian couple spotted lucrative global opportunities delivering US-introduced (but not yet internationally introduced) products to customers wanting it all now.  Melbourne’s Phillis Chan and Ben Chaung picked up stakes from Melbourne and moved to consumerlandia, she leaving law and he his ops manager for Blue Apron.  Their friends back in Oz were constantly asking them ‘Can you get us’ this or that product and mail it.  They figured right that they were not the only people in the world who had friends that wanted things

In 2014, they launched Big Apple Buddy, a ‘shopping concierge’ service, helping customers across the globe get the latest laptop, smartwatch or gadget as soon as it is released in the US.  Shoppers fill out a form about their desired product and ask for a quote.… Read the rest