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How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business

has lost what Harvard Business School’s Willy Shih calls the “ industrial commons ”: indispensable production skills and capabilities. The invention of modern transistors, the adoption of standardized shipping containers, and the advent of low-cost assembly lines in East Asia lowered costs and created larger markets for televisions and radios, setting the stage for an Asian manufacturing powerhouse. Jetta Productions/Getty Images. Many U.S.

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Why Older Entrepreneurs Have an Edge

Harvard Business Review

He did well co-founding Asterand, an ethically sourced human-tissue sampling business, but lost his shirt on a jazz club and a cattle-ranching enterprise to produce low-fat beef. At a time when he was really down on his luck, he considered jobs he never imagined earlier in his career, like becoming a night watchman. Charlton and Reid decided to launch TechTown, a nonprofit business incubator, which went on to spark a small renaissance in entrepreneurship in midtown Detroit.

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