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

Harvard Business

From automotive to semiconductors to pharma to clean energy , America’s innovation centers have shifted east, offering growing evidence that the U.S. has lost what Harvard Business School’s Willy Shih calls the “ industrial commons ”: indispensable production skills and capabilities. We have identified four principles with straightforward steps that policymakers, business leaders, and universities can take to restore innovation ecosystems.

How Do I Start Your Own Business?

Strategy Driven

It requires a significant amount of your time and concentration to start a new business. To start this adventure, you need to know that you will eat and work with bread until you have a solid business and you can get it on track. There are various opinions about how to start a business.

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Getting Buy-In for Innovation that Doesn’t Fade at the End of the Quarter

Harvard Business Review

You’ve prepared a business plan for a promising new entrepreneurial venture. You’ve got funding and the blessing of your CEO and Board to go ahead with this high-profile “experiment” Your venture could be a growth engine for your corporation’s otherwise large but slow and steady core business. Entrepreneurship Execution Innovation

The Core Incompetencies of the Corporation

Harvard Business Review

Despite their resource advantages, incumbents are seldom the authors of game-changing innovation. It’s not that veteran CEOs discount the value of innovation; rather, they’ve inherited organizational structures and processes that are inherently toxic to break-out thinking and relentless experimentation. Their preferred strategy seems to be to acquire young companies that haven’t yet lost their own innovation mojo (but upon acquisition most likely will).

The $300 House: Go, Go, Go!

Harvard Business Review

Winners will be selected by the community and a panel of judges and will receive a scholarship to a June "prototyping workshop" led by COMMON , a social business incubator. Thirdly, we looked at Grameen's poverty metrics in Muhammad Yunus' book Creating a World Without Poverty: Social Business and the Future of Capitalism. Our second question was more technical: How does reverse innovation work with the $300 House? Innovation Social enterprise Social entrepreneurship

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. Charlton and Reid decided to launch TechTown, a nonprofit business incubator, which went on to spark a small renaissance in entrepreneurship in midtown Detroit. The National Journal reports that 9 of the nation's 15 million small-business owners were born before 1965.

Design Thinking Is Fundamentally Conservative and Preserves the Status Quo

Harvard Business

Billed as a set of tools for innovation, design thinking has been enthusiastically and, to some extent, uncritically adopted by firms and universities alike as an approach for the development of innovative solutions to complex problems. But skepticism about design thinking has now begun to seep out onto the pages of business magazines and educational publications. Noctiluxx/Getty Images. When it comes to design thinking, the bloom is off the rose.

Six Ways to Befriend Future Tech Billionaires

Harvard Business Review

billion, is one more in a line of twenty-somethings and even pre-twenty-somethings whose technology innovations have made them a fortune. Internships, "after-school" apprenticeships like those offered by Citizen Schools, practical problems, and the chance for independent projects or business-building as part of formal schooling seems to encourage young people to stay in school longer, because school is more relevant — or at least that''s what some preliminary observations suggest.

The Economy of Punishment

Harvard Business Review

And relatedly, how do we recognize a black-market innovator who may have all the talent of a Richard Branson or a Jay-Z, but lacks the opportunities for a leg-up in the formal economy? That is to say, given the applied "street smarts" and talent — the art of the hustle, the leadership and prowess of running a drug business — what is it all worth? Many gangsters are natural born innovators with restricted economic opportunities.