Where Einstein Meets Edison

Exploring the Limits of Social Connections in Entrepreneurship: Friends as Shades

Exploring the Limits of Social Connections in Entrepreneurship: Friends as Shades

Mar 22, 2011

Could having friends be bad for business? In the first installment of this two-part series, we explored social dynamics that could “turn friends into chains.” In this second article, we focus on a more subtle and perhaps more harmful aspect of social connections: their blinding potential. In social network research, the idea that social connections have a...

Exploring the Limits of Social Connections in Entrepreneurship: Friends as Chains

Exploring the Limits of Social Connections in Entrepreneurship:  Friends as Chains

Dec 31, 2010

What if having social connections was actually bad for business? The idea sounds incongruous after decades of business schools preaching in favor of “networking”. Now, after years of fruitful exploration of the positive aspects of social relationships, management scholars are also starting to understand their limits. It even appears that the power of...

Do You Have the Right Stuff? The Five Labors of the Entrepreneur.

Do You Have the Right Stuff?  The Five Labors of the Entrepreneur.

Dec 30, 2010

Researchers have developed different – sometimes conflicting – perspectives on entrepreneurship. However, beyond the debates opposing various academic schools of thoughts, many deep insights have been developed over time.  These insights have shown that entrepreneurship is precisely not an option like many others. Here is...

When Should I Think About Price?

When Should I Think About Price?

Dec 14, 2010

A few years ago, I worked with a product manager for a medical device company who had a burning question for me.  His game-changing product was ready to go, the sales force was lined up and beginning to make contacts with customers, and his CEO was expecting this to be a $100 M product.  He now just needed to slap a price on it, and wanted to know what...

Evolving Strategies for Commercialization of University Research

Evolving Strategies for Commercialization of University Research

Dec 1, 2010

Universities: a tradition of great research and innovation University research and innovation is a central component of technological innovation and entrepreneurship. From penicillin to operating systems, university research creates platform technologies that fundamentally change human life. Google, which began as a graduate research project at Stanford...

Eyes Wide Open: When Do New Entrepreneurial Opportunities Emerge?

Eyes Wide Open: When Do New Entrepreneurial Opportunities Emerge?

Oct 19, 2010

It’s hard to go to a social event anywhere on campus at MIT without finding several students who want to start their own company. Yet many would-be entrepreneurs never actually start their firm because they lack a breakthrough idea. Others do manage to put together an entrepreneurial team, but in the end, they fail to convince investors (or the 100K jury) of...