Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

Young girl in Chicago classroom, Stanley Kubrick for LOOK Magazine, c/o Creative Commons

Daydreaming is important — studies have repeatedly said as much — but maybe you shouldn’t daydream too much, as a recent study by researchers at Ruhr-Universität Bochum has come to the conclusion that — after looking at MRI scans of 264 individuals — the brains of doers differ from those of procrastinators.

Image: Young girl in Chicago classroom, Stanley Kubrick for LOOK Magazine, c/o Creative Commons

Read more ...

NewImage

Every entrepreneur I meet in my role as a small business advisor dreams of making the business run like clockwork, even without them. You are all frustrated when that never happens, even after years of 16-hour days, repeated efforts to hire the right people, and multiple campaigns to delegate more and sign up for less. There is no time for fun, and vacations never happen.

Image: https://blog.startupprofessionals.com

Read more ...

Deep Patel

There’s something about successful people that sets them apart from everyone else: they have learned to draw on their natural abilities, traits and attributes to achieve their dreams.

Successful people approach situations differently from the rest of us. They frame challenges in a different way than most people. They have developed skills and traits that will carry them further than the rest.

 

Read more ...

money

Entrepreneurship today is definitely involved with costs and budgeting. You should be smart enough to manage your finances clearly wherein you allocate and spend your allocated budgets optimally. If you are a newbie entrepreneur having just begun your first venture (or startup), it becomes incredibly important to ensure that you derive income from secondary sources as well, mostly to defray expenses and ensure that you still have steady cash flow.

 

Read more ...

questions

Driven entrepreneurs are exceptionally motivated and talented men and women who are highly committed to invest in themselves and their businesses. For them, doing well – having a successful business – is just not good enough if they’re not on track to achieve their potential and, in many cases, meaningfully help others.

 

Read more ...

Alice Zhou advises clients on culture and organization for Strategy&, PwC’s strategy consulting business. A manager based in Philadelphia, she is part of the Katzenbach Center, PwC's global institute on organizational culture and leadership.

What’s the difference between culture and employee engagement? It’s a good question. Many people use the two terms interchangeably. In their minds, the term company culture is synonymous with free food, foosball tables, and other workplace perks deemed to improve the employee experience, increase satisfaction, and drive greater commitment to the company.

 

Read more ...

NewImage

Many enterprises have been launched from a new idea. At Gallup Inc., a privately held research and consulting firm specializing in polling and workplace advisory services based in Washington, D.C., this has happened three times. First, in the 1930s, George Gallup pioneered the practice of public opinion polling, solidifying his company’s position at the head of the field when he predicted Franklin D. Roosevelt’s victory in the 1936 U.S. presidential election. Second, in the 1970s and 1980s, psychologist Don Clifton reinvented motivational and leadership research by coming up with new ways to identify and work with individual strengths.

Image: Photograph courtesy of Gallup Inc.

Read more ...

questions

Anatoli Bugorski has survived a strong proton beam passing through his head. Here’s what happened to him. According to physicist Stephen Hawking, the particle accelerator is the closest thing to time machines humans have built, comparing them to a time travel train.

As a technical concept, particle accelerators go back about a century ago, with the first machines developed as early as the 1930s.

Currently, there are thousands of accelerators of different sizes and shapes (circular or linear) operating all over the world.

 

Read more ...

alarm clock

A big part of being successful at time management is being organized. But what if you happen to be a disorganized person? It’s nothing to be ashamed of. After all, you may have never been taught proper organizational skills or maybe you grapple with something beyond your control, like ADHD.

 

Read more ...

NewImage

If you're thinking about applying to Harvard Business School, know that your academic achievements — however impressive — aren't going to be the deciding factor in whether you get in.

To be sure, grades are important, but there's something else even more so.

That's according to HBS dean Nitin Nohria. Whenever someone says they'd like to attend HBS, Nohria told Business Insider, he asks them to consider one question:

Image: Hint: It's not, "How are your grades?"Harvard Business School/Facebook

Read more ...

country flags

The impact of globalization on income inequality for individuals is a much-discussed affair. Far less attention is paid to how it affects inequality in terms of opportunities for companies around the world. The paper, “Do Institutional Reforms Benefit Strong or Weak Firms: Intellectual Property Rights and Access to International Alliances,” takes a look at the latter.

The paper seeks to answer this question: When globalization opens up a country’s economy, does it hurt or help local firms, especially weaker businesses? The paper is based on the research of Wharton management professor Exequiel (Zeke) Hernandez and Wharton doctoral candidate Sarath Balachandran. Hernandez recently spoke to Knowledge@Wharton about their findings.

 

Read more ...

check

The venture capital industry is esoteric. From the fund management angle, the norms for operating decisions, the manner of remuneration of fund managers, issues of accountability, penalty (or its absence for non-performance) and incentive for performance are all obscure. In choosing funds to invest in, there is an element of uncertainty in decision-making because intuition and subjectivity dominate. These aspects need to be analysed, and eliminated to the extent possible to make these more predictable to enable evaluation.

 

Read more ...

Russ Alan Prince

Many times entrepreneurs believe their companies are worth meaningfully more than what the market will bear. But the reality is that a company is only worth what a buyer is willing to pay. In some cases, however, a business might be worth more than what an owner thinks simply because he or she is focused on running the company and not conducting research on the overall market. Still, the norm seems to be that companies are worth less – pre-valuation – than entrepreneurs think they are.

 

Read more ...

courage

Managing and growing your own business is a huge task. It is by no means a walk in the park for even the most talented. You can expect to deal with many unplanned physical and emotional sacrifices. While it’s true that making it will take patience, determination, and drive, the foundation should always, always be courage. This principle doesn’t just apply to entrepreneurs, but to people of all walks of life.

 

Read more ...

Kevin Maney

If you were inventing the farm today, why would you put it outside, on a giant plot of land?

OK, there’s the sunlight thing, but then you get droughts and frosts and plant-munching insects that have to be battled with harmful pesticides. And because outdoor farms need so much acreage, they’re usually far from most of their customers — which means that by the time a tomato gets to you in a city, it tastes like a baseball.

 

Read more ...

NewImage

Larger, later-stage venture capital investments are all the rage these days on the East and West coasts, with startups in Silicon Valley seeing megadeals topping $100 million. While entrepreneurs in Wisconsin raise more modest funding rounds, the momentum in the venture capital community has been growing.

According to a Venture Monitor report by Pitchbook and the National Venture Capital Association, Wisconsin saw 22 venture capital deals in the second quarter totaling $101.8 million. That’s up from 2017’s second quarter, when there were just nine venture capital deals in Wisconsin.

Image: https://www.biztimes.com

Read more ...