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  • BUSINESS

    Do you think you're ready to be an entrepreneur? (Part 1)

    Business, Detlef Reis, Published on 11/09/2014

    » 'Who wants to be an entrepreneur?" I asked my graduate students in a course on decision-making. To my surprise, three-quarters of them raised their hands. It seems the American futurist John Naisbitt was right when he said: "We are shifting from a managerial society to an entrepreneurial society." Being customer-focused in all that I do, I added a section on entrepreneurial decision-making to the course. After all, becoming an entrepreneur and then making a go of it requires making big decisions wisely and avoiding the common traps that Noam Wasserman outlined in his book The Founder's Dilemmas. In this column and the next, I'd like to share 10 pieces of advice for entrepreneurs to help you discover if you're ready for entrepreneurship.

  • BUSINESS

    Fear of losing may be why you're not winning

    Business, Detlef Reis, Published on 14/08/2014

    » As part of the decision-making course I teach to graduate students in business, I introduce them to prospect theory and the related cognitive biases. One of these biases, loss aversion, helps explain why many individuals and organisations are unable to realise their full innovation potential.

  • BUSINESS

    Understanding the inner workings of innovation methods

    Business, Detlef Reis, Published on 06/07/2017

    » Have you ever wondered what an innovation process method is? And what it's good for? And how it works? Today, let's answer these questions.

  • BUSINESS

    Life is a journey, not a destination

    Business, Detlef Reis, Published on 03/03/2016

    » 'Two roads diverged in a wood, and I -- I took the one less travelled, And that has made all the difference", are the key lines in Robert Frost's famous poem "The Road Not Taken". Thirteen years ago, I experienced a magical Eureka moment that made me leave the well-trodden path and continue my journey through life and my professional career along the path less travelled -- and that has made all the difference.

  • BUSINESS

    Creativity along the road less travelled

    Business, Detlef Reis, Published on 02/04/2015

    » 'Two roads diverged in a wood and I — I took the one less traveled by, and that has made all the difference", wrote Robert Frost in "The Road Not Taken".

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