Posts Tagged ‘competition’

The Capitalist Heart Surgeon, Silicon Valley’s Start-up Machine, Advice for Success, Censorship and Business, Hicks on Poverty to Prosperity, Defining Competition

Friday, August 9th, 2013

KWR title- 19
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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The Capitalist Heart Surgeon
Dr.-Devi-ShettyDubbed “India’s Walmart of Heart Surgery,” Devi Shetty is a heart surgeon-turned-businessman who has cut the cost of heart surgery by 98 percent to just US$1,555. The same procedure costs US$106,385 at Ohio’s Cleveland Clinic. This article explains that Shetty keeps the costs low in his 21 medical centers by buying cheaper scrubs, using air conditioning only in the most essential rooms, and through other efficiencies..
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Silicon Valley’s Start-up Machine
silicon-valleys-most-important-startup-factory-y-combinator-is-shrinkingY Combinator is an organization founded by Paul Graham that accelerates the early phases for start-ups. Its first graduating class in 2005 included Reddit, Infogami, Dropbox, Airbnb, and Stripe. Y Combinator holds two three-month sessions every year. During that time, start-up founders receive mentoring at regular meetings with each of Y Combinator’s partners. Read more.

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Censorship Inhibiting Entrepreneurship in Quebec
censorshipAccording to the province of Quebec’s censors, “Wellarc” is too English to be used as a business name. The entrepreneur who proposed the name is Xavier Menard, a 17 year old from Quebec. Menard is up against Quebec’s Bill 101, which requires that businesses in Quebec have French names and signs. According to this article, Menard responded to the government with a video in which he argues that it doesn’t make sense to limit the choices of Quebec businesses when the province has a high unemployment rate..
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Essential Advice for Success
bob-lefsetzAccording to Bob Lefsetz, embracing individuality is an essential cornerstone to success. Other factors include: the personal touch, quality over quantity, and understanding that talent is not god-given. According to Lefstez, “None of us are perfect, we can all improve, we all make mistakes. But let me be clear, ignore the haters, ignore advice unless you’re asking for it.” Read the article..

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From Poverty to Prosperity
saupload_poverty_to_prosperityIn this post, Stephen Hicks enthusiastically reviews Arnold Kling and Nick Schulz’s From Poverty to Prosperity: Intangible Assets, Hidden Liabilities and the Lasting Triumph over Scarcity. Hicks likes the authors’ emphasis on the foundational economic role of entrepreneurs, their insistence upon the study of real human agents, and their assumption that “win-win social relations are normal and the proper benchmark, not the usual expectation of zero-sum.”.

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Defining Competition
sports ethicistAs part of a recent seminar, Shawn Klein (a.k.a. the Sports Ethicist), developed a genus-species definition of competition. What do competition in business and sports have in common? Is war properly described as a competition? Are two animals fighting over mates or food competing? Klein elaborates on why certain aspects of competition were rejected and others included. Read more.

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See you in two weeks!

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Previous Issues of Kaizen Weekly Review.


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 Shawn Klein quoted in Wired Magazine

Thursday, March 26th, 2009

Rockford University philosophy professor Shawn Klein was quoted in Brendan I. Koerner’s Mr. Know-It-All column in Wired Magazine’s April 2009 issue. Klein responded to a question concerning losing and humiliation in sports competitions. He has a follow-up to the article on his blog. Professor Klein will be offering his sports ethics course again during the Fall 2009 semester.