Too often, business owners get so caught up with working IN the business that they forget to work ON the business.
People are often surprised when we describe our professor roles as entrepreneurial. While classes and some topics might be prescribed, how we deliver content (value) to our students and what resources we use (books, articles, simulations, etc.) are based primarily on our own entrepreneurial choices.
You might have missed it, buried deep in the multiple channels and time-zone differences, and between swim sets and track runs, but sport climbing made its inaugural appearance in the Olympics this year.
So we’ve got a genius idea, to which a number of geniuses have contributed. Is that enough for it to break out? Sadly, no.
We often hear people talk about the “first-mover advantage.” In reality, academic research suggests the opposite. First movers rarely reap all the benefits of their disruption. In