Criminal entrepreneurs in Australia

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

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.
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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

Sydney Opera House

‘Be famous for just one thing’: Paul Cave’s pursuit of opportunity and Sydney’s BridgeClimb

 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

BridgeClimb Sydney founder Paul Cave at opening of company’s new headquarters.

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

Fist bumping entrepreneurs

Top twenty positioning strategies as a social entrepreneur

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.{1] How to get from one to the other? We are all capable of reinvention’, according to Bernard Roth, author of the book The Achievement Habit.[2] Can you actually take on the ‘wicked problem’ of designing your own life of positioning strategies as a social entrepreneur? Especially if you want to be a global social entrepreneur.  Yes, you can. Here are the top tips in reframing how you view yourself in the world. 

social entrepreneurs in a team

Make sure you have a mentor who is a few steps ahead of you.

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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