Archive for May, 2013

Peter Thiel and the Future of Security, The Quantum Leap, Sex Injuries on the Job, Jimi Hendrix the Entrepreneur, Stephen Hicks in Stockholm, and Teaching Entrepreneurship

Friday, May 31st, 2013

KWR title14Kaizen 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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Peter Thiel: Funding the Future of Security
Thiel - SmallLife-saving and cost-effective, the robotic security guard could change the face of security as we know it and PayPal co-founder Peter Thiel is helping to lead the charge. To the tune of $5 million, Thiel has joined six other investors in backing security robot maker RoboteX, the creator of the Avatar series Security Robot, which “can be programmed to follow patrol routes and respond to alarms, or be manually controlled to inspect incidents.” Read the article.

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Taking the Quantum Leap
Quantum 3In a shocking revelation, the government recently announced that it has been running a quantum internet cable at Los Alamos National labs for more than two years. While this news tantalizes with the prospect of perfectly secure communications, it isn’t the only quantum application on the horizon. Chinese physicists have unveiled a quantum router and D-Wave Systems has built the world’s first commercially viable quantum computer.

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Are Companies Liable for Sex Injuries?
Contract - smallIn this post, Stephen Hicks considers the case of an Australian woman who sued her employer, the Australian government, for injuries incurred while on a business trip. During the trip, she was injured as she engaged in consensual sex at her hotel room. According to the woman, she was on company time and, therefore, should be paid workman’s compensation. Find out how the courts ruled.

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Jimi Hendrix the Entrepreneur
Hendrix - SmallWhat do Andrew Carnegie, Steve Jobs, and Jimi Hendrix have in common? They were all successful entrepreneurs. In this article, Steve Mariotti explains that Hendrix “was a master of branding — everything from his flamboyant wardrobe to dramatic stage antics like setting his guitar on fire reinforced his wild, sexual, rock rebel image. These marketing ploys drew attention to his real competitive advantage, which was his genius guitar playing.”

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Stephen Hicks Gives Talk in Stockholm
steve 2-26-13Last week, Hicks participated in a colloquium on “Virtues and Entrepreneurship,” organized by Sweden’s Ratio Institute. His talk was an extension of the theme of his “What Business Ethics Can Learn from Entrepreneurship,” arguing that the success traits of entrepreneurship map onto an updated Aristotelian virtue set. Read more about the conference.

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Teaching Entrepreneurship to High School Students
eday3At this year’s High School Entrepreneur Day, co-sponsored by the EBA department and CEE, more than 120 local high school students learned about many facets of entrepreneurship from CEE professors and received advice from a panel of local entrepreneurs. Read more about High School Entrepreneur Day activities.

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See you in two weeks!

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Previous Issues of Kaizen Weekly Review.

 


High School Entrepreneur Day

Thursday, May 30th, 2013

eday1At this year’s High School Entrepreneur Day, co-sponsored by the EBA department and CEE, more than 120 local high school students learned about the facets of entrepreneurship from professors and received advice from a panel of local entrepreneurs. Students explored the personality traits of an entrepreneur, discussed the economics of entrepreneurship, and competed against each other in a business planning exercise. Students also received a gift from CEE of materials related to entrepreneurship and ethics.

Dr. Stephen Hicks’s Recent Talk in Stockholm

Tuesday, May 28th, 2013

Steve atlasLast week, Hicks participated in a colloquium on “Virtues and Entrepreneurship,” organized by Sweden’s Ratio Institute. His talk was an extension of the theme of his “What Business Ethics Can Learn from Entrepreneurship,” arguing that the success traits of entrepreneurship map onto an updated Aristotelian virtue set. The conference included keynote speeches by Deirdre McCloskey, author of The Bourgeois Virtues, and Saras Sarasvathy, author of Effectual Entrepreneurship.

The Watch of the Future, Netflix’s Success, Internet Ethics, Spreading Business Ethics, The Sports Ethicist, and Representational Art

Friday, May 17th, 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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Netflix: Back from the Brink of Destruction
house of cardsIt was a business disaster. In 2011, Netflix rolled out Qwikster, which “tried to both raise prices and spin off its DVD-by-mail business.” The media wrote scathing reviews and Netflix shares plunged. How did a Netflix CEO Reed Hastings bring his company back from the brink of destruction? According to Richard Greenfield, a media analyst for BTIG, “He [Reed] dusted himself off, stood back up and started running.” Read more.

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The Rub with Workplace Ethics
shhhWhat influences employees to speak out about ethical violations in the workplace? To find out, University of Michigan professor David Mayer and his colleagues conducted three studies. According to Mayer, the results “contradict conventional wisdom that the personal characteristics of an employee drive his or her decision to speak up.”

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The Watch of the Future
watchThis Tech Crunch article reviews the Ressence Type 3, a liquid-filled mechanical watch with a nearly featureless face that winds automatically. The dials look like they are seamlessly embedded in the face surface, which spins. As well, a pressure valve compensates for temperature-related changes in the liquid. View the product page.

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Internet Ethics Problems from Silicon Valley
mobile deviceThe Markkula Center for Applied Ethics in Silicon Valley has a web page dedicated to ethics and the Internet. The site hosts a series of brief videos on key issues in Internet ethics, as identified by Silicon Valley leaders. Participants include the co-founders of Adobe and Reputation.com, as well as the CEOs of Symantec and Seagate.

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The Future of Art
representational artIn April, Stephen Hicks attended a meeting of minds in California to discuss key issues in representational aesthetics in preparation for next year’s Representational Art Conference (TRAC). TRAC 2014 will focus on the aesthetic principles and values implicit in the representational art of the twenty-first century. The conference will be held March 2 – 5, 2014 in Ventura Beach, California.

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Taking a Swing at the Designated Hitter Rule
sports ethicistThe Sports Ethicist’s radio program recently covered the Designated Hitter Rule in MLB. The rule has been in place for 40 years, yet still remains as controversial as ever. Does it remove the need for managerial strategy? Does it add excitement and offense to the game? Listen here as Professor Shawn Klein, Zachary Wolf, Daryn Streed, as well as Professors Matt Flamm and Mike Perry discuss the DH rule and its effects on baseball.

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With summer upon us, we will be producing the Kaizen Weekly Review on a biweekly basis. See you in two weeks!

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Previous Issues of Kaizen Weekly Review.

 

KWR: Ralph Lauren Displays Integrity in Scandal, Stay Online When the Power Goes Out, Virtue of Productiveness, Kaizen in Brazil, Classical Liberalism and Evolution, Minimum Wage Laws

Friday, May 10th, 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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Ralph Lauren Displays Integrity in Bribery Scandal
poloRalph Lauren discovered that one of its subsidiaries had been bribing Argentinian officials. Not only did the company report the violation to the SEC themselves, but it did so knowing that it would have to pay heavy fines for the subsidiary’s actions. According to the company’s attorney, Tom Hanusik, “Ralph Lauren did all the right things in this situation.” Read the article.

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Innovation in Connectivity
brckOur modern-era concern when a storm comes is not that we’ll lose light if the power goes out, but that we will lose the internet. Until now. Ushahidi, a non-profit technology company that builds open source software and digital tools, has created the BRCK, a convenient, portable, and durable device that can “provide failsafe internet connectivity in almost any situation.” Read more about the BRCK in this article from Forbes.

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William Thomas on the Virtue of Productiveness
William R. Thomas is currently a lecturer in the Department of Economics at the University at Albany and the director of programs for The Atlas Society. In this video, Thomas discusses productive work as the central value of life, elements of the virtue of productiveness, and the entrepreneurial concept of responsibility.
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Is Classical Liberalism Compatible with Darwinian Evolution?
darwinian evolution and classical liberalismProfessor Shawn Klein has contributed a chapter to the newly released Darwinian Evolution And Classical Liberalism: Theories in Tension, edited by Stephen Dilley. Klein states that Dilley “has pulled together an interesting and thought-provoking book,” which includes critical and dissenting opinions. Read the abstract of Klein’s chapter.

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Business Ethics Case Study: Minimum Wages
minimum wageStephen Hicks has released another case in his Business Ethics Cases series. This video lecture examines the moral, economic, and political arguments for and against minimum wage laws.

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New Issue of Kaizen Featuring Entrepreneurship in Brazil
loiferman thumbThis issue’s feature interview with entrepreneur André Loiferman, president (CEO) of the construction company Brasília Guaíba, takes us to the south of Brazil and the challenges of infrastructure as Brazil upgrades its airports, roads, ports, and other facilities in preparation for soccer’s World Cup in 2014 and the Olympics in 2016 to be held there. We also report on our recent activities at Rockford University.

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Join Us in Our Mission
The Center for Ethics and Entrepreneurship focuses on the ethical infrastructure of an entrepreneurial society, as we believe that this is essential to human flourishing. Please join us by making a donation today through the PayPal link or send a check via snail-mail. Thank you for your support.


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See you next week!

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Previous Issues of Kaizen Weekly Review.

KWR: Entrepreneurship and Public Policy, The Discovery that Could Change the World, Crowdfunding Lessons, Regulating Entrepreneurship, Explaining Postmodernism

Friday, May 3rd, 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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Entrepreneurship and Public Policy
Guest speaker Dr. Robert Salvino recently spoke on “Entrepreneurship and Public Policy” at Rockford University. 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. In the video below, Salvino discusses highlights from his lecture.


This Scientific Discovery Could Change the World
Imagine giving your smart phone a long-lasting charge in just a couple seconds. Now imagine that this technology is scalable, which can lead to manufacturing and wide-scale technological implementation. Two scientists believe they have discovered a supercapacitor that can provide all of this and much more. Read more about the revolutionary supercapacitor “accidentally” discovered by chemist Richard Kaner and researcher Maher El-Kady.

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Regulations that Strike the Heart of Entrepreneurship
While undergoing cancer treatment, Lauren Boice learned how difficult it is to receive cosmetology services while home-bound. Determined to help others in her situation, Boice started a dispatch business to set up appointments for home-bound individuals with cosmetologists. According to the Arizona Board of Cosmetology, however, Boice was practicing cosmetology and needed a license as well as a brick and mortar store. Read attorney Timothy Sandefur’s comments on the case.

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Crowdfunding: Lessons for Entrepreneurs
Kauffman Dissertation Fellow Ethan Mollick examined almost 47,000 projects on Kickstarter and identified the factors that influence whether a project will succeed or not, such as having a strong geographic tie-in (e.g., pitching country music in Nashville, film in Los Angeles, etc.). Read the full article.

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Postmodernism versus Reason
Stephen Hicks has released two more chapters from his Explaining Postmodernism audiobook. Listen to Chapter Two: “The Counter-Enlightenment Attack on Reason” and Chapter Three: “The Twentieth-Century Collapse of Reason.”

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Join Us in Our Mission
The Center for Ethics and Entrepreneurship focuses on 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 send a check via snail-mail. Thank you for your support.

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See you next week!

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Previous Issues of Kaizen Weekly Review.