In a world dominated by the information economy, it’s perhaps easy to assume that ‘unicorns’ (businesses that achieve that elusive billion dollar valuation) can only be found in the realm of apps, software and platforms. The truth however, is that the economy of things (engineering, manufacturing and production) is very…
For many entrepreneurs, the billion dollar valuation or exit, is the non-negotiable target they set for themselves. As of 2015, there are just over 1,800 (known) dollar billionaires in the world, with a combined wealth of over $7 trillion-which is growing fast (the same list had a combined wealth of…
Outside the [wonderful] ‘bubble’ of the creative industries, businesses often see ‘design’ as a cost, as something that the marketing department does in between espressos and yoga. The truth however, is that the vast majority (if not all) of the most successful businesses I have ever seen place design thinking at the head-table of conceptual pillars for their enterprise; alongside financial and strategic.
My first business was a very successful digital agency and consultancy, it gave me almost a decade-long adventure, taking me around the world and enjoying the thrill of being on top of my game, it was my life. The .com crash however, slaughtered this business in spectacular fashion- and once…
Forming a board or similarly high-level leadership team is an inevitable part of your entrepreneurship journey. Often it can happen organically, as part of the normal growth of your business- or sometimes, particularly in the case of businesses attracting external investment, it can be something which is done early- before…
How Creativity, Animation and Stories define us. In these exclusive interviews we speak to Ed Catmull (Co-Founder of Pixar Animation, and President of Walt Disney Animation Studios), Nick Park (Oscar Winning Writer, Director and Animator with Aardman Animation) and Jonathan Gottschall (A world expert in storytelling and Distinguished Research Fellow in the English Department at Washington & Jefferson College). We discuss the fundamental role of storytelling in human existence, and learn the secrets of creativity, animation and great stories.
With very few exceptions, those in leadership roles (whether they be entrepreneurs, senior corporate figures, or those with positions of great responsibility) tend to be the type of individuals that thrive under stress.
Scientists, scholars and academics have yet to define genius, yet the concept is rightly applied to those exceptional individuals who, through their art, their science or their enterprise, create unique changes in our thinking, or our broader-world. Genius carries a certain mystical quality, distancing it from even that which we…
By: Vikas Shah, Originally Published at AllAboutAlpha.com Factory farming is a brutal endeavour. In this environment, chickens (and other animals) are given a variety of feeds and chemicals (stimuli) designed to make them grow as big as possible as fast as possible and hence maximise output. In truth, factory farms…
In these exclusive interviews, we speak to Moisés Naím (Distinguished Fellow at the Carnegie Endowment for International Peace, former Minister of Trade and Industry for Venezuela and Executive Director of the World Bank) and Admiral James Stavridis (Dean of The Fletcher School at Tufts University and former Supreme Allied Commander at NATO). We discuss the fundamental nature of power, how it shapes our world economically, politically, socially and how it impacts the lives of every single individual on the planet.
By Vikas Shah (Originally for AllAboutAlpha.com) Modern markets are hugely complex environments. CME Group for example, trades over 3 billion contracts (with a notional value of over U$1 quadrillion) each and every year. Alongside this, many of the world’s largest companies such as Google, Alibaba and Amazon (with market capitalisations…
In entrepreneurship, delegation is often seen as perhaps something akin to a four-letter-word. I have met countless founders over the years who have been nothing short of insistent that they should know every last detail about every part of the business. We’ve all met the sort before, the archetypal ‘micro manager.’ The problem remains however, that as businesses scale… the want to know everything may not leave you, the ability surely will. A key part of every entrepreneur’s toolkit therefore has to be the ability to delegate.
“Macroeconomics has not done well in recent years…” writes Nobel Laureate Joseph E. Stiglitz, “The standard models didn’t predict the Great Recession; and even said it couldn’t happen. After the bubble burst, the models did not predict the full consequences.” In a hugely relevant recent paper titled “Reconstructing Macroeconomic Theory…
Each and every year, I have the pleasure of judging at the Rice Business Plan Competition. Tens of thousands of enterprising students from around the world compete, with a handful making it to the finals in Houston, Texas. At this incredible event, student entrepreneurs pitch to the crème-de-la-crème of global…
In this exclusive series of interviews, we speak to Javed Abidi (Chair, Disabled People’s International DPI), Sir Philip Craven MBE (President, International Paralympic Committee IPC) and Professor Hugh Herr (Head of the Biomechatronics research group at MIT Media Lab and Founder of BiOM Inc). We discuss the human rights and social injustices faced by the those living with impairments and disabilities around the world, look at issues ranging from economics and politics to culture and sport and discuss opportunities for the future and whether technology could even end disability.
Money is a strange phenomenon. Our modern notion of it mean that (in essence) it is intrinsically useless apart from as a medium of exchange. Our government, regulators, law and communities agree that phenomena (whether a physical banknote or an electronic ledger such as a bank account) have certain value,…
Many of recent history’s most significant market events have manifest in what was (previously) the extreme of the market. These “bubbles” and “crashes” follow power laws, meaning that (in theory) they could reach any size and fundamentally threaten the functionality of the entire financial system. Typical central-bank and policy…
It’s quite conceivable that the grandparents (or even parents) of the future will be made to feel even more archaic as the young of that generation look at them quizzically and state “…are you serious? You used to use bits of paper as money?!” Money is a cultural abstract. It…
In these exclusive interviews, we speak to Dr. Julio Frenk (Dean of the Harvard School of Public Health, and former Minister of Health of Mexico), Sir Richard Thompson (President of the Royal College of Physicians), Baron Peter Piot (Director of the London School of Hygiene and Tropical Medicine) and Dame Sally Davies (The United Kingdom’s Chief Medical Officer). We talk about the concept of public health, the most important health challenges the world currently faces, and opportunities for the future.
The perception that we learn from our mistakes is just one in a long-list of cognitive and behavioural biases that exist in the human mind. As WIRED reported in 2009, “Researchers from MIT have shown that the brain learns more after a success than a failure. This study indicates, contrary…