Archive for December, 2009

December 2009 Issue of Kaizen

Wednesday, December 23rd, 2009

In our latest issue of Kaizen we feature an interview with Ray Stata, co-founder and chairman of the board of Analog Devices, Inc., which serves over 60,000 customers, has 9,000 employees and a market capitalization of over $6 billion.

In this issue we also feature our 2009 Templeton Freedom Award, our recent High School Career Day, and congratulate five student prize winners: Hannah Mueller, Jennifer LaSarre, Jake Maliszewski, Lisa Voss, and Kelly King.

A PDF version of Kaizen is available here. We will soon post separately the full interview with Mr. Stata.

If you would like to receive a complimentary issue of the print version of Kaizen, please email your name and postal address to CEE [at] Rockford.edu.

“Patently Alarmist”: Does the patent process block innovation?

Wednesday, December 23rd, 2009

PatentThe U.S. Patent and Trademark Office has reported that patent filings are down for 2009. Is this a symptom of the economy, or of the fact that the time it takes to successfully file a patent is a serious barrier to innovative entrepreneurs?

Read Mike Drummond’s article at Harvard Business Review for more.

Thulasiraj Ravilla on low-cost eye care in India

Thursday, December 17th, 2009

In India, there are 200 million people who need eye care and less than ten percent of them have been reached. Moreover, 80 percent of these eye problems can be easily prevented or treated. Thulasiraj Ravilla, Executive Director of the Aravind Eye Care System, talks about how the clinic manages to serve such a large number of patients each year, only 40% of them paying customers. Dr. V., the clinic’s founder, chose an interesting source of inspiration when looking for a way to deliver low cost, consistent, efficient service in India and worldwide – McDonald’s. Watch the video below.

New Businesses, Not Small Businesses, Create Jobs

Monday, December 14th, 2009

NYSEHow can we create more jobs?

“The conventional wisdom is that [small] businesses account for half of the labor force and are therefore the engine of future job creation. That’s not quite the case. The more precise factor is not the size of businesses, but rather their age,” say Carl Schramm, Robert Litan, and Dane Stangler.

Read the rest at the Wall Street Journal.

Overrated: The “Psychic Benefits” of Nonprofit Work

Friday, December 4th, 2009

chickencharity 200pxOne justification for the lower salaries of nonprofit employees relative to those of their for-profit peers is the idea of  “psychic benefit.” The emotional and spiritual riches one acquires from helping others are supposed to compensate for one’s lack of more worldly riches. Dan Pallotta of Harvard Business College believes that this argument is wrong on several levels.

Read the article here.