Howard Frederick writes: If design thinking is so human-centred, why not start with the most important thing: your life. Most of us have two lives: the life we live, and the unlived life within us that we would like to live. Between the two stands resistance. This is where suicide prevention comes in. How to get from one to the other? ‘We are all capable of reinvention’, according to Bernard Roth, one of the founders of Stanford’s d.school and author of the book The Achievement Habit. Here is a fascinating article about using design thinking in the ‘wickedest problem’ of all. Design thinking (and suicide prevention) start with re-framing how you view yourself in the world.… Read the rest
Howard Frederick writes: Searching the web, you will see a plethora of design thinking process models that help explain what happens, when, to what, and why in the design process. When we use models, we aim to define steps in the design process. They can be linear, circular or iterative. Over the years, design thinking models have used a variety of terms, and they have differences and similarities in their stages. There is no one ‘right’ model. You may even be tempted to develop your own to suit a new context. Analysing the stages, Waloszek concludes that, despite some differences, the main stages in the design thinking process are similar among all models.
Waloszek, G.… Read the rest
entreProf says: Why does empathy matter? The market is flooded with products that hope to respond to consumers’ ever-changing needs. Some entrepreneurs begin with shiny new technology looking for a market, but ultimately it is the consumer who makes the final judgement as to whether a product is successful or not.43 Research shows that customer co-creation or co-production (achieved through empathy) has a positive effect on the outcome of new production development because it results in a better fit to a customer’s preferences. That’s why letting customers define the critical design criteria has become so important in the innovation process.
… Read the rest
Design Thinking and the Power of Empathy.
entreProf says: Throughout the world, there is enough youthful entrepreneurial energy to build a world that overcomes the challenges that we face. As Schumpeter pointed out, entrepreneurs generate innovations that ‘strike not at the margins of the profits and the outputs of existing firms, but at their foundations and their very lives’. It is about entrepreneurial leadership for ‘transformative innovation’. The demarcation ‘transformative’ describes those changes in the economy, environment, social welfare—indeed entire systems on Earth.[i] See for example Lord of the Rings Innovation.
What is your personal entrepreneurial ecosystem? Just as an ecosystem in the physical environment is a balanced, interdependent quasi-stable community of organisms living together, so its industrial analogue is the business ecosystem, which is a ‘balanced, quasi-stable collection of interdependent firms belonging to the same economy’. We can refer to geographical environments that influence you in supporting your quest for entrepreneurship.. According to Isenberg, entrepreneurs are most successful when they have access to the human, financial and professional resources they need, and operate in an environment in which policies encourage and safeguard entrepreneurs. This network is described as the ‘entrepreneurship ecosystem’.… Read the rest
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
Just as social and business entrepreneurs share many personality traits there are many of those traits that they share with criminal entrepreneurs. These people have to be excellent risk managers and information managers. They are future-oriented organisation builders. Like business entrepreneurs, they are continually working the edge or the margin.
In Australia, the word entrepreneur once had a very bad connotation. Back in the 1980s, it all looked so easy, the way the Aussie business magazines told it. The answer was simple. Australia’s ideal was the high-flying entrepreneur – not in the sense of a risk taker developing a new enterprise, but more as a corporate predator making money from shuffling paper assets.… Read the rest
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
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
It’s just like famous Harvard entrepreneurship professor Howard Stevenson once said, ‘Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled’.[i]
Our job is to enable our customers to make heroes of themselves — Paul Cave
Using creative thought and determination, Paul Cave, founder and chairman of BridgeClimb, has created a $50 million business in just a few years, effectively monopolising an internationally famous Australian icon brand he doesn’t own, capitalising on huge advertising he doesn’t pay for, and sending a personally delivered word-of-mouth recommendation through one million customer heroes to arguably 100 million prospects around the world.… Read the rest