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While every state continues to experience the impacts of the economic downturn and resulting recession, it will be many years before we understand the full nature and causes of the financial crisis. But it appears that one of the contributing factors to both the crisis and the anemic nature of the recovery has been the weakened position of the U.S. economy in global markets. This relatively untold story of the recession and recovery is, in fact, perhaps one of the major developments in the U.S. economy, one that will have significant impacts on state economies for decades into the future—particularly if the nation continues to ignore the issue.
Pulitzer prize nominated author, educator and entrepreneur Taulbert describes the life-changing influence he experienced as a child growing up in the Mississippi Delta. The entire interview will be available soon at elientrepreneur.com.
The Ice House Entrepreneurship program is a revolutionary new online learning program desired to inspire and engage participants in the fundamental aspects of an entrepreneurial mindset.
Recognizing our nation’s need for greater economic participation at all levels of society, the Icehouse Entrepreneurship Program captures and conveys the “mindset” of entrepreneurs who overcame adversity and are now helping lead our economic recovery. The program was created by the Entrepreneurial Learning Initiative and Clifton Taulbert’s Building Community Institute.
A culture of fun and respect for customers and employees pervades this family-owned furniture business that has been sold to legendary investor Warren E. Buffett, writes the author. Culture is what can't be taken away, even after a company is sold, as both the author and his brother are still actively involved, he notes.
A startup energy company has received federal and state approval to install a device in the St. Clair River that will create electricity from the flow of water. Vortex Hydro Energy, which has exclusive rights to commercialize atechnology patented at the University of Michigan, will install the device in July. It will be north of the Blue Water Bridge on Dunn Paper's property at 218 Riverview St., Port Huron
Most entrepreneurs at some point experience crises in their businesses, which require crisis communication strategies. The key is developing a crisis management strategy that is up-front about the problem at hand and also focuses on maintaining the firm's long-term viability.
Entrepreneurs confronting the unhappy task of having to downsize when business conditions change need to execute in a way that preserves the dignity of, and, ultimately, the relationship with, the employees, says an entrepreneur who laid off her entire staff in the wake of the dot-com crash. Downsizing well involves throwing away the rulebook and dealing with people on a personal level, she writes.
Instagram Co-Founders Kevin Systrom and Mike Krieger challenge many of the myths surrounding startups and the lives of entrepreneurs. Both former Mayfield Fellows with the Stanford Technology Ventures Program, Systrom and Krieger share their first-hand experiences of the entrepreneurial process, including identifying good problems to solve and the value in building simple solutions and minimum viable products. Systrom and Krieger also discuss aspects of their co-founder working relationship and their efforts to maintain a balance between work and life.
Robert I. Sutton is Professor of Management Science and Engineering in the Stanford Engineering School, where he is Co-Director of the Center for Work, Technology, and Organization, an active researcher and cofounder in
the Stanford Technology Ventures Program, an IDEO Fellow and an Honorary PeopleSoft Fellow. Sutton is also a member of the MacArthur Foundation Research Network on Teaching and Learning. Sutton received his Ph.D. in Organizational
Psychology from The University of Michigan and has served on the Stanford faculty since 1983. He has also taught at the Haas Business School and was a Fellow at the Center for Advanced Study in the Behavioral Sciences during the 1986-87,
1994-95, and 2002-03 academic years. He has served on the editorial boards of numerous scholarly publications, and as an editor for the Administrative Science Quarterly and Research in Organizational Behavior. Sutton's honors include the
award for the best paper published in the Academy of Management Journal, induction into the Academy of Management Journals Hall of Fame, the Eugene L. Grant Award for Excellence in Teaching, the McGraw-Hill Innovation in Entrepreneurship
Pedagogy Award, the McCullough Faculty Scholar Chair from Stanford, and selection by Business 2.0 as a leading "management guru" in 2002. Sutton studies the links between managerial knowledge and organizational action, innovation, and
organizational performance. He as published over 90 articles and chapters in scholarly and applied publications. He has also published seven books and edited volumes. His research and opinions are often described in the press and he is
also currently writing a bi-monthly column for CIO Insight on organizational behavior. Sutton has been a guest on numerous radio and television shows.
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