Joshua Gans on Prediction Machines

Podcast Recorded: May 2018
  • Innovation & Entrepreneurship
  • Creativity & Innovation
  • Finance
Podcast Guest: Joshua Gans

Joshua Gans is a professor of strategic management and holds the Jeffrey S. Skoll Chair in Technical Innovation and Entrepreneurship at Rotman School of Management at the University of Toronto. His research is primarily focused on understanding the economic drivers of innovation and scientific progress, and has core interests in digital strategy and antitrust policy. Joshua serves on the editorial board of Management Science, managing director of the Core Research consultancy and writes regularly for Forbes, HBR and Digitopoly.

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When Founders Go Too Far

News Analysis: November 2017
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Strategy
Analysis from: Stanford Graduate School of Business

The November issue of Harvard Business Review carries an article by Steve Blank that explores how start-ups can go off the rails if their founders are not reined-in. Typically founders are good at driving businesses forward, taking...

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New York City (Source: Unsplash)

Strategies and Tools for Entrepreneurs in Search of Resources

Idea posted: September 2017
  • Innovation & Entrepreneurship

Based on a meta-analysis of academic publications, researchers identify two strategies and four tools that entrepreneurs can deploy to gain access to vital external resources.

Idea #668
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Good Profit

Book Published: August 2017
  • Leadership & Change
  • CSR & Governance
  • Innovation & Entrepreneurship
  • Boards Roles Responsibilities
Authors: Charles G. Koch

The book is a personal manifesto around Koch Industries 'Market-Based Management' approach. MBM is, at root, an extension of the old philosophy argument personified by Locke and Rousseau vs Thomas Hobbes; are people generally good and community spirited, or mean and self-serving? Koch's approach is that left to our own devices (by which he means minimal government interference) people will seek out what is best for the wider eco-system they live in.

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Interior, Wolf Kibel, 1930-35 (Courtesy: Iziko South African National Gallery, Cape Town)

Business Templates that Succeed in 'Bottom of the Pyramid' Environments

Idea posted: June 2017
  • Innovation & Entrepreneurship
  • Operations

A new company first succeeds by creating a template for doing business — a working system of organizational routines and practices. It then scales its business by replicating that template. In bottom of the pyramid environments, however, the development and replication of templates can be hindered by the extreme conditions in which organizations must operate.

Idea #659
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The Closed Bank, Edoardo Matania, 1870s (Courtesy: Dorotheum www.dorotheum.com)

Crowdfunding Still Attracts Local Investors to Local Ventures

Idea posted: April 2016
  • Finance
  • Innovation & Entrepreneurship

Entrepreneurs seeking funding through crowdfunding Internet platforms must still overcome the ‘home bias’ of investors — that is, their preference for funding projects located close to their homes.  

Idea #593
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Coffee Break ad from Life Magazine, featuring Gracie Allen and George Burns, 1953 (Source: Wikimedia Commons)

Why Slack Time Is Important for Innovation: It’s Not What You Think

Idea posted: October 2015
  • Innovation & Entrepreneurship

New research shows that innovation efforts benefit from giving employees free time (aka ‘slack time’), but not for the reason you might believe. While Google’s free time initiative might have led to creative new ideas, the real benefit of slack time is to allow innovators to get the administrative and other execution-oriented tasks done.

Idea #558
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The Golden Goose, cover illustration by Mary Lott Seaman, published in 1928 by the MacMillan Company

Will Corporations Leaving Basic Scientific Research Kill the Golden Goose?

Idea posted: April 2015
  • Innovation & Entrepreneurship

Who will invent the new Nylon? Unlike the DuPonts of the past, large corporations are focusing more on applied research, which can lead more quickly to products, than basic, longer-term scientific research that benefits society as a whole.

Idea #509
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Gedränge vor dem Geschäft Thomas Prewein, by Josef Engelhart, 1941 (Source: Wikimedia Commons)

The Surprising Benefit of Long Queues for Customers and Business

Idea posted: October 2014
  • Innovation & Entrepreneurship
  • Marketing

The accepted wisdom is that long lines are bad for business. In fact, they can be very good for business, as long as they are not too long. Research shows that long lines help customers learn what’s worth waiting for, and help businesses attract uninformed customers.

Idea #446
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The Intrigue, James Ensor, 1890 (Courtesy: The Royal Museum of Fine Arts Antwerp)

How Crowdfunding Affects Product and Pricing Decisions

Idea posted: June 2014
  • Finance
  • Innovation & Entrepreneurship
  • Marketing

Seeking investors through crowdfunding sites such as Kickstarter requires entrepreneurs to rethink their pricing and product line strategies, taking into account the mix of investor/buyers who will attach different levels of value to the new product or service.

Idea #402
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