Knowledge@Australian School of Business

articles 1 to 10 of 55 more articles

thumbnail Come Together: How Grants, Venture Capital and Private Equity Lift Innovation
Newly created technology companies are an increasingly popular target for venture capital, but how can investors increase their chances of backing a winner? A recent study at the Australian School of Business explains how the interplay of government grants, venture capital and private equity fosters innovation and leads to the creation of commercial value. The various sources of funding work better in concert.   
From: April 14, 2014 thumbnail Beware the iSmell: 10 Rules for Successful Product Development
Entrepreneur Dan Cohen claims that product development is often a make-or-break issue for start-ups and it’s also one of the most poorly understood. Cohen’s golden rules include not mistaking innovation for value and not confusing yourself with the customer. He suggests the goal for a start-up should be a “minimum viable product”, one that a company can introduce into the marketplace and then build on with successive versions.
From: February 10, 2014 thumbnail The Promise and Perils of Equity Crowdfunding
As stakeholders review proposed Securities and Exchange Commission rules for equity crowdfunding in the US, debate is building around who stands to gain from the new investment vehicle and who stands to suffer significant loss. Whatever the dangers, supporters predict equity crowdfunding will unleash a flow of finance for small companies.
From: November 11, 2013 thumbnail Stroke of Luck: How Entrepreneurs Can Increase Their Chances
Innovative discoveries from unexpected opportunities are often credited to lucky breaks. Martin Bliemel, from the Australian School of Business, has been examining the nature of luck in tech entrepreneurship and the extent to which the occurrence of fortuitous circumstances can be facilitated. He categorises four different types of luck and suggests how entrepreneurs can increase the likelihood of lucky events happening for them. “They can’t create luck but they can certainly change the conditions that may or may not lead to luck,” Bliemel says.
From: October 15, 2013 thumbnail Market Disruption: Dieting in the Digital Age
In the US weight-loss industry, valued this year at around US$66.5 billion, old-style companies such as Weight Watchers and Jenny Craig are struggling in the face of technological innovations and new competition. Dieters are opting for apps and other online plans that offer convenient, customised ways to count calories and stick to an exercise plan.
From: October 15, 2013 thumbnail Start-Up or Stop: When Innovation Means Knowing How to Let Go
Companies need to update their products, develop new ones and break into fresh markets. But equally important is the ability to cull projects that aren’t working. Dan Levinthal, the Michael J. Crouch Visiting Professorial Fellow at the Australian School of Business, describes it as a “difficult balance of being tough on resource allocation, but at the same time you can’t make it stigmatising and career-ending” for those whose ideas don't go forward. Controlled micro-failures are part of innovation for start-ups in the tech sector, where the knowledge gained from unsuccessful initiatives is known as “flearning”.
From: July 23, 2013 thumbnail Joining the In-Crowd: How Social Entrepreneurship is Going Mainstream
The popularity of crowd-funding continues to explode, but is it just an early stage in the web community's ongoing quest to find ways of circumventing traditional financial service institutions? “The next logical step is crowd investment and crowd equity, where investors take on property rights in the ventures they back,” says Daniel Schlagwein from the Australian School of Business. But there are unresolved legal issues and regulators are hovering as the sums get bigger. With banks already jumping on to the crowd-funding bandwagon, social entrepreneurship may be in danger of losing its cool.
From: June 18, 2013 thumbnail Why Innovation Is Tough to Define - and Even Tougher to Cultivate
While most people would agree that they are in favour of innovation, providing a succinct definition or example of it is a tougher question, noted participants in a panel on the topic at the recent Wharton Economic Summit 2013. In addition to offering their personal definitions of game-changing discoveries, panellists also discussed the role of the government and the U.S. education system in fostering a new generation of entrepreneurs and innovators.
From: May 07, 2013 thumbnail Innovate or Bust: Creating Business Cultures Open to Change
What does it take to be innovative in a changing global economy? That was a key question posed at the 35th-anniversary conference of the Australian Graduate School of Management. A highlight of the conference was three business leaders – Gerhard Vorster, chief strategy officer at Deloitte Australia and Asia Pacific; Andrew Stevens, managing director of IBM Australia and New Zealand; and George Frazis, CEO of St George Banking Group – sharing their insights into embracing the challenges of innovation, now and into the future.
From: February 19, 2013 thumbnail Future Shocks: Dan Levinthal on Sustaining Competitive Advantage
Dan Levinthal is a professor of management at the Wharton School at the University of Pennsylvania. He is also the Michael J. Crouch Visiting Professorial Fellow at the Australian School of Business where he will be giving a series of seminars on innovation and the experimenting organisation. Levinthal says that companies seeking to foster new possibilities need a mix of discipline and some element of tolerance for at least partial failure. It is about balancing exploration and exploitation. Levinthal recently spoke with Knowledge@Australian School of Business.
From: February 19, 2013

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Knowledge@Australian School of Business