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Risk is the essential element of entrepreneurial life but it can and must be managed if company founders are to build profitable enterprises, writes the author, who has founded companies and is currently a venture capitalist helping others do the same. To control risk, he advises listening to instinct, managing to a plan, and working the financials so that there is enough money to fund the need.
SHANGHAI - The cost of doing business in China is going up.
Coastal Fcatories are raising salaries, local governments are hiking minimum wage standards and if China allows its currency, the renminbi, to appreciate against the U.S. dollar later this year, as many economists are predicting, the cost of manufacturing in China will almost certainly rise.
Dr. Craig Barrett recently stepped down as Chairman of the Board of Intel Corporation, a post he held from May 2005 to May 2009. He is a leading advocate for improving education in the U.S. and around the world. He is
also a vocal spokesman for the value technology can provide in raising social and economic standards globally. Dr. Barrett joined Intel Corporation in 1974 as a technology development manager. He was named a vice president of the
corporation in 1984, promoted to Senior Vice President in 1987, and Executive Vice President in 1990. Dr. Barrett was elected to Intel Corporation's Board of Directors in 1992 and he was named the company's Chief Operating Officer in 1993.
He became Intel's fourth President in May 1997, Chief Executive Officer in 1998, and Chairman of the Board on May 18, 2005. Craig Barrett was born August 29, 1939 in San Francisco, California. He attended Stanford University in Palo Alto,
California from 1957 to 1964, and received his Bachelor of Science, Master of Science and Ph.D. degrees in Materials Science. After graduation, he joined the faculty of Stanford University in the Department of Materials Science and
Engineering, and remained through 1974, rising to the rank of Associate Professor. Dr. Barrett was a Fulbright Fellow at Danish Technical University in Denmark in 1972 and a NATO Postdoctoral Fellow at the National Physical Laboratory in
England from 1964 to 1965. Dr. Barrett is the author of over 40 technical papers dealing with the influence of microstructure on the properties of materials, and a textbook on materials science, Principles of Engineering
Materials. Dr. Barrett served until June, 2009 as Chairman of the United Nations Global Alliance for Information and Communication Technologies and Development, which works to bring computers and other technology to developing
parts of the world. He co-chairs Achieve, Inc., is Vice Chairman of
Carol Bartz is executive chairman of the board of Autodesk, Inc. Bartz was chairman, president and CEO of Autodesk for 14 years and stepped-down in April, 2006. During her tenure, the company diversified its product line
and grew revenues from $285 million to $1.523 billion in FY06. Bartz previously held positions at Sun Microsystems, 11 years ago serving as vice president of worldwide field operations and an executive officer of the company. Before
joining Sun, she held product line and sales management positions at Digital Equipment Corporation and 3M Corporation. Appointed to President Bush's Council of Advisors on Science and Technology, Bartz is one of a select group of industry
leaders expected to play a key role in shaping and setting the government's high tech agenda-ranging from R&D funding to new broadband incentives. She also serves on the Board of Directors of BEA Systems, Cisco Systems, Network
Appliance, and the Foundation for the National Medals of Science and Technology. Bartz holds an honors degree in computer science from the University of Wisconsin. She was granted an honorary Doctor of Humane Letters degree from the New
Jersey Institute of Technology, an honorary Doctor of Science degree from Worcester Polytechnic Institute and an honorary Doctor of Letters degree from William Woods University.
As an entrepreneurial leader, Larry Bawden has been focused on building companies that take technology from the lab and moving them through the process of commercialization and into a variety of consumer markets. Larry
is currently the CEO of Q1 NanoSystems which has designed and patented the next generation solar cell utilizing Q1 Solar Brush technology. Current solar solutions are far from achieving economic parity with today's fossil fuel energy
sources. Q1 NanoSystems technology will reduce current solar energy costs from $0.34/kWh down to $0.12/kWh, a 65% decrease from today's prices. The solution allows residential and commercial consumers to take advantage of a clean,
limitless resource, while enjoying a fast return on their investment. Prior to Q1 NanoSystems Larry founded Jadoo Power Systems, Inc. (Jadoo) a solutions oriented, market-driven provider of portable fuel cell power products.
Commercially-shipping products are a rare find in the crowded fuel cell industry; yet, with Larry leadership, Jadoo has developed proven technology, resulting in the production of economically-viable, hydrogen-based fuel cell solutions.
Larry's first involvement with moving the fuel cell industry forward was developing a strategic technology transfer and partnership agreement between Aerojet and H Power Corporation (acquired by Plug Power - NASDAQ:PLUG). He held senior
management positions in other energy and aerospace companies dealing with technology, business development, investment management, corporate strategy and engineering. Larry served on several key technical and advisory committees throughout
his career in the aerospace industry and is the recipient of the Group Achievement award from NASA. As a co-inventor on five pending fuel cell and fuel cell system patents his advice is sought by businesses and government entities in
dealing with key strategies related to implementation of fuel c
As VP of Products, Jeff's deep passion for the online consumer directs the website experience and drives feature and product innovation. He has played an integral role in many other aspects of the company, including
research and development, manufacturing, and customer service. Jeff holds a Bachelor of Arts degree in Economics from Stanford University.
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For years, Dave Felker created equipment for one of the world's leading golf companies, Calloway Golf. There he designed golf balls and clubs for the game's best golfers. Then, Dave left Calloway. Throwing the USGA rules out the window and using the laws of physics instead, Dave created the Polara golf ball, which would help correct an average golfer's hook or slice.
If you're ready to sell the business but want to remain on the acquiring company's management team, you'll need a never-having-to-say-you're-sorry contract. This article offers eight indispensable tips for negotiating it.
Entrepreneurial companies can and should take the ethical high road even as major corporations set appallingly low standards for ethical business behavior, writes the founder of a service concern. Included is a look at the company's own core values with respect to its customers, employees, community, and the company itself.
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