Archive for April, 2013

KWR: Crony Capitalism, Tragedy of the Commons, Sports Symposium, Competition is Good, Pixar

Friday, April 26th, 2013


Kaizen Weekly Review highlights activities of The Center for Ethics and Entrepreneurship and recent business ethics and entrepreneurship news.

Editor: Virginia Murr

Blasting Crony Capitalism
University of Chicago professor Luigi Zingales recently gave a lecture sponsored by the Pope Foundation in which he highlighted the arguments from his new book, A Capitalism for the People: Recapturing the Lost Genius of American Prosperity. According to Zingales, “The goal should not be to kill the free-market system, but to kill the crony component of the free-market system.” Read more.

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The Tragedy of the Commons
In his latest Business Ethics series release, Stephen Hicks examines the classic tragedy of the commons. The video-lecture includes a comparison and contrast between the free market and socialist solutions to the tragedy. For more cases in the series, click here.

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Radio Review of Fantasy and Fandom
The Sports Ethicist sat down with Chad Carlson, John Harney, Trisha Phillips, Aaron Harper, Andrew Koehl, Carl Robinson, and Mike Perry on Rockford University Radio to discuss the themes of the April 19th Sports Symposium dedicated to Fantasy and Fandom. Listen to or download the show.

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Competition is Good for You
According to Stanford’s Bill Barnett, your strategy professor was wrong. Competition is not bad for your company. On the contrary, competition can be the key to your company’s success. In this article, Barnett explains the many benefits to competition and why many business schools get it wrong.

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Lessons from Pixar
In this interview (pdf) with The McKinsey Quarterly, Pixar’s Academy-Award-winning director Brad Bird explains how Pixar’s management philosophy and dedication to innovation helped them to grow from a small computer-animation studio to a multi-billion dollar company.

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Join Us in Our Mission
In our mission, we give special focus to the ethical infrastructure of an entrepreneurial society, as we believe that this is necessary to human flourishing. Please join us by making a donation today through the PayPal link or you can find information on snail-mail at our website.

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See you next week!

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Previous Issues of Kaizen Weekly Review.

Professor Robert Salvino to Speak at Rockford University

Monday, April 22nd, 2013

On April 23, Robert Salvino will speak on the topic of “Entrepreneurship and Public Policy.” Dr. Salvino received his Ph.D. from Georgia State University in 2007 and currently teaches in the Department of Economics at Coastal Carolina University, South Carolina.

All of the campus community is welcome to attend. Scarborough Hall, Rm 212 from 11:00am – 12:15pm.

KWR: Chisholm, Dangerous Things Taught in School, Heroism, Business Ethics, Sports Symposium

Friday, April 19th, 2013

Kaizen Weekly Review highlights activities of The Center for Ethics and Entrepreneurship and recent business ethics and entrepreneurship news.
Editor
: Virginia Murr
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9 Dangerous Things You Were Taught in School
We didn’t just learn reading, writing, and arithmetic in school; we learned innumerable life lessons along the way. This Forbes article argues that school subtly teaches us such lessons as blindly following authority, never questioning the status quo, and that individual value can be standardized. As the author states: “Be aware of the insidious and unspoken lessons you learned as a child. To thrive in the world outside the classroom, you’re going to have to unlearn them.”

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Do We Have the Ability to be Heroes?
Who is a hero? Achilles? John Galt? Luke Skywalker? Ironman? While certainly heroic, these are fictitious figures, not real people. So can real people be heroic? Can we be heroes? Author and Professor of Leadership, Fred Kofman, suggests that “[h]eroes are not just mythical characters. They are examples of you at your best.” Read the article.

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John Chisholm and Stephen Hicks Give Talks at APEE Conference
Stephen Hicks and Kaizen interviewee John Chisholm spoke at the Association of Private Enterprise Education’s annual conference this week. Read more about Hicks’s discussion. Below is John Chisholm’s TedX talk “Release Your Inner Company.”




Business Ethics
A part of Hicks’s Business Ethics Case Studies video series, Introduction: Case Study Method, has been released. See the previously released video on Rent Control. Forthcoming case studies will include: The Tragedy of the Commons, Laetrile and Experimental Cancer Drugs, The FCC’s “Fairness Doctrine”, and Minimum Wages.


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Sports Symposium at Rockford University
Today, Professors Shawn Klein and Michael Perry are hosting a symposium on “Fandom, Fantasy, and Play.” According to professor Klein, “This year’s symposium seeks to explore and examine [the] aspects of the relationship between fan and sport.” The first panel addressing fandom will include such papers as “The Popovich-Stern Issue and Normative Implications for Professional Sports.” The second panel on fantasy will include such papers as “Fantasy Sport and Aristotelian Flourishing.” Read the abstracts.



See you next week!

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Previous Issues of Kaizen Weekly Review.

Stephen Hicks Presents a Talk at APEE Conference in Hawaii

Tuesday, April 16th, 2013

On April 15, Hicks gave a talk at the annual conference for the Association of Private Enterprise and Education. The subject of his talk was “What Makes Capitalism Good: Are Hayek’s, Rand’s, and Friedman’s Answers Compatible?” Hicks also chaired a session on “Recent Work on Morality and Capitalism” with papers by John Thrasher (University of Arizona), Peter Martin Jaworski (Georgetown University), Douglas B. Rasmussen (St. John’s University), and Jared Meyer (St. John’s University).

KWR: Mackey, Rent Control, Magatte, the Sports Ethicist, and Measuring Innovation

Friday, April 12th, 2013

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Kaizen Weekly Review highlights activities of The Center for Ethics and Entrepreneurship and recent business ethics and entrepreneurship news.
Editor
: Virginia Murr
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John Mackey’s Conscious Capitalism
Whole Foods CEO John Mackey has made waves with his book Conscious Capitalism: Liberating the Heroic Spirit of Business. According to this Forbes review, the theme of conscious capitalism is “that business is good because it creates value, it is ethical because it is based on voluntary exchange, it is noble because it can elevate our existence, and it is heroic because it lifts people out of poverty and creates prosperity.” Below is a Mackey’s discussion of Conscious Capitalism with Tucker Carlson at the Cato Institute.
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Business Ethics Case Studies: Rent Control
Stephen Hicks has released Rent Control, the first in his Business Ethics Case Studies series. Forthcoming cases will include Minimum WagesThe Tragedy of the CommonsLaetrile and Experimental Cancer Drugs, and the FCC’s “Fairness Doctrine.”

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Audiobook Version of Explaining Postmodernism
Hicks’s Explaining Postmodernism: Skepticism and Socialism from Rousseau to Foucault is being released as an audiobook. Listen to the first chapter, “What Postmodernism Is.” Explaining Postmodernism has been translated into three languages, with a Spanish translation forthcoming. It is also available in e-book format.

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The Sports Ethicist Takes on the Miami Heat
The Miami Heat recently caused a stir when the players refused the traditional after-game handshake with the Chicago Bulls. This prompted announcer Jeff Van Gundy to state that sports “shouldn’t be warm and friendly.” Shawn Klein, aka “the Sports Ethicist,” disagrees. According to Klein, “[T]he very essence of good sportsmanship is that when the game is over, you step outside that frame of mind.” Read the rest of his critique.

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Magatte Wade: Model of Leadership
Da Promoter hails Tiossan owner Magatte Wade as a female model of leadership. This article states that Wade’s story “is proof that with determination, determination, courage, and boldness, we can achieve everything.” Wade was the subject of a recent CEE interview in which she shares her personal successes and challenges as well as her advice for aspiring entrepreneurs.

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How to Measure Innovation
How should innovative companies be evaluated? Currently, there is no industry consensus on what factors best demonstrate the success of innovation. According to this article, there isn’t even agreement on such fundamental questions as “what defines an idea?” or “what does ‘success’ mean?” The author of the article believes there should be one standardized methodology. What do you think?

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See you next week!

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Previous Issues of Kaizen Weekly Review.

Kaizen Weekly Review

Friday, April 5th, 2013

Kaizen Weekly Review highlights activities of The Center for Ethics and Entrepreneurship and recent business ethics and entrepreneurship news.
Editor
: Virginia Murr

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Lessons on Leadership from Mark Cuban
Not all of Mark Cuban’s bosses appreciated his ambitious, entrepreneurial nature — he was often criticized for it. Speaking about one of his former bosses, the billionaire entrepreneur states, “He was my mentor, but not in the way you’d expect. Even now I think back to things he did, and I do the opposite.” Read the full article.

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The Virtuous Entrepreneur
Dr. Terry Noel gave the following CEE-sponsored talk on “The Virtuous Entrepreneur” at Rockford University. Noel’s research has been published in journals including the Academy of Management Journal, the Journal of Business Ethics, and the Journal of Entrepreneurship Education.
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The Network for Teaching Entrepreneurship Celebrates 25 Years
On April 23, Steve Mariotti’s NFTE celebrates 25 years of programs that inspire young people from low-income communities to stay in school, to recognize business opportunities, and to plan for successful futures. For more information about the gala event, click here. Read CEE’s interview with Mariotti.

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The Year’s 23 Most Innovative Startups 2013
Every year the World Economic Forum releases its picks of the top technology pioneers. According to the WEF, “These startups are expected to drastically alter their particular fields over the next year.” In previous years, successful startups such as Kickstarter and Foursquare were members of the prestigious list. See this year’s list.

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Innovations in Payment Systems Helping Small Businesses
Gaps in cash flow “can make it difficult for business owners to focus on expansion rather than, say, managing payrolls or paying other bills.” This article explains how small businesses are making their cash flow smoother with innovative payment systems.

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Marx’s Philosophy and the “Necessity” of Violent Politics
In this post, Stephen Hicks considers why Marx and Engels rejected achieving socialism by democratic and reformist methods. As Marx stated, “[T]here is only one way in which the murderous death agonies of the old society and the bloody birth throes of the new society can be shortened, simplified and concentrated, and that way is revolutionary terror.”

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See you next week!

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Previous Issues of Kaizen Weekly Review.

Interview with Dr. Terry Noel

Monday, April 1st, 2013

Professor Stephen Hicks, CEE’s Executive Director, interviewed guest speaker Terry Noel, Associate Professor of Management and Quantitative Methods at Illinois State University, about virtuous entrepreneurship. Watch the interview below.
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