Entrepreneurship has become a buzz word in this recent economic cycle. It's showing up in the writings of economic experts, the speeches of politicians, and even the blogs of everyday citizens. This week on NPR's "This American Life," Ira Glass pegged the career choice as part of the American mindset, particularly the desire to embellish the stories behind how start-ups planted their roots.
The trend spans from Christopher Columbus, whose story of trans-Atlantic travel evolved over the years into one of near-mutiny among his crew members, to the founding of Hewlett Packard, which spins a tale of two poor, powerless guys who started an empire from their garage. While there's some truth to the stories, there's also some drama.
Fast Company magazine touches on this same topic, saying it's OK to embellish the facts. In fact, it might make entrepreneurship even more of a buzz trend.
"As stories are told and retold, they evolve. They come to emphasize individuals, not organizations; to celebrate a flash of insight over stepwise improvements; and to exaggerate obstacles, not institutional support," said Fast Company writer Dan Heath. "[As Americans,] we crave the drama. We crave the obstacles."
“The next generation is very savvy about choosing where they’ll live,” said Rebecca Ryan, Next Generaion Consulting founder. “They look carefully at quality of life factors like how much time they’re going to spend in traffic commuting, if they can live near a park or hike-and-bike trail, and whether a city’s downtown stays awake after five.”
Not surprisingly, California, Colorado, Virginia and the Carolinas had multiple appearances on the list, with San Francisco take top accolades for cities over 500,000. Also not surprising–my home state of Indiana failed to make the cut. Maybe next year.
The Higher Colleges of Technology is one of the largest, most progressive and innovative places of higher learning in the United Arab Emirates. They are also one of the few organizations established in all seven emirates.
Several events are being planned in the UAE during the Week, with one event scheduled in Dubai, in conjunction with The Mohammed Bin Rashid Establishment.
They’re being asked to provide a volume of writing previously delegated to two, or three, or more reporters. They’re shooting video to go along with their articles, and Twittering and blogging through the whole process. That is, those who haven’t been laid off.
There’s a tendency for newsroom staff to lash out against the new media that is overhauling their industry. And then there’s people like Lewis Dvorkin and the 100 or so journalists who have joined him on his new media site, trueslant.com.
The model of True Slant brings an entrepreneurial edge to journalism. Journalists serve as a mini-publisher of sorts, creating their own subpages on the site, where they blog and engage with readers through the comments section. They receive a small compensation and are also offered a share of advertising and sponsorship revenues for their individual pages.
“While it’s not a lot of money, it’s at least validating the worth of the journalism,” Diane Dimond, a veteran journalist blogging for the site, told the Washington Post.
The main difference of True Slant is how it’s funded. While regular Web ads will run throughout the site, advertisers will also be offered their own subpage, just like the journalists, where they can run blogs and attract their own network of followers. Corporate sponsors and venture capitalists are also being approached for financial backing.
“We are looking to start a conversation,” Shipman said, “and in this new Internet world, you really have to branch out and put your tentacles in a million different places. What True/Slant offers is a different audience than the ‘Good Morning America’ audience.”
While the idea may not be the saving grace answer for the future of journalism, it’s at least an answer. In a world of emptying newsrooms and glum job prospects, there are certinaly people ready to latch on to a new idea.
Organized by Riga International School of Economics and Business Administration (RISEBA) Entrepreneurship is all about leveraging resources and taking action with the goal of creating value. The Global Innovation Tournament 2010 (GIT) is a fast-paced competition that will challenge student teams to solve a mystery challenge in about eight days, creating as much value and impact as possible. Teams must then convey their results in a short video posted to YouTube. The mystery problem will be revealed on November 9 (GMT+2) and submissions will be due Nov 19 (GMT+2). In the past, the assignments involved common, everyday objects. This year it’s a global problem. What will it be? Local organizers conduct the tournament locally, select their respective local winners, and submit them to RISEBA for global judging. Global winners are featured online on the Global Entrepreneurship Week website and receive a certificate of recognition from RISEBA. Any student can register to participate. GIT is an activity of Global Entrepreneurship Week.