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 “Entrepreneurial ecocide”
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]
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.… Read the rest “Jihadist norm entrepreneurship: Ibrahim’s great idea”
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.
Market measures consist of weighted values of the components that make up certain lists of companies.… Read the rest “How to read The Economist”
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 “Village entrepreneurship in Samoa”
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 “Top entertainers global business model”
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 “Born global social entrepreneurs”
Sir Peter Jackson
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 “Lord of the Rings innovation”
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]
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 “Born global entrepreneurs”
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 “How to spot lucrative global opportunities”
Recent research has shown changed attitudes towards this process. Today the focus is on small firms that begin exporting right from start-up. These are called ‘born global entrepreneurs’ and born again social entrepreneurs, who are exporters from the get-go. Without the advent of global communications and transportation, they simply would not exist. Think of the giants Google and Facebook, which generated export revenues at impressive speed. Think also of the small entrepreneurs like Skype, that was acquired by eBay and then by Microsoft. Young entrepreneurs – especially those with a gap year or two under their belts – tend to move quickly towards international and global markets (see Top Ten Countries for Asia-Pacific entrepreneurs) where resources are more easily and widely available… Read the rest “Top ways to become born global entrepreneurs”