Imagine that you are online and all of the sudden you have the urge to participate in a lottery. A day later, you discover that you have won $100 million. You now have it made, right? Actually, according to the National Endowment for Financial Education, up to 70 percent of people who unexpectedly gained large
According to research conducted by the Cox Family Enterprise Center, 80 percent of the world’s businesses are family-owned, and 60 percent in the U.S. In fact, in this country, family-run businesses account for more than half of the gross domestic product.
Perhaps neither of the first two statistics are surprising. But, consider that nearly 35 percent
On March 26, the value of shares in King Digital, maker of Candy Crush, fell 16 percent in its first day of trading on the New York Stock Exchange. Some people lost a lot of money on this company that makes games. At the same time, lots of others have done very well, as managers and early
In the fight against poverty, few issues are more contentious than the allocation of the billions of dollars set aside to help those in need. Whether the money comes from private donations or state tax revenues, arguments over how to use the monies arise both in domestic and international politics. This debate usually focuses on balancing
James Lee Sorenson donates $13 million to the David Eccles School of Business at the University of Utah for the creation of the James Lee Sorenson Center for Global Impact Investing Tuesday, Jan. 15, 2013. (Scott G Winterton, Deseret News)
Philanthropy in Utah took a large step on Jan. 29 when the business school at the
From the year 2009 through 2012, “crowdfunding,” a new type of fundraising, grew 91 percent in its worldwide funding volume. Over those four years,its funding volume increased from $530 million to $2.8 billion. What is this fast-growing fundraising phenomenon? It involves a combination of the Internet and social networking to attract a wide variety of interested donors and investors to
As Africa awakes to its enormous promises and confronts the challenges that it must surmount, the recent World Economic Forum Africa Summit in 2013 reflected on how Africa’s entrepreneurs can be transformed into global champions.
The key points that emerged were that, though entrepreneurship is growing rapidly in Africa, there are significant difficulties and barriers that entrepreneurs must confront. Lack of access
Energy, environment, food production, and healthcare are some of the top challenges in the world that are being confronted by the faculty and students at the University of Wisconsin – Madison and other campuses of the UW system as part of a study abroad class on social entrepreneurship being taught at Oxford University this August
May 2013
It is amazing how much change can be caused by one person’s idea and the Meltwater Entrepreneurial School of Technology (MEST) is a result of Jorn Lyseggen’s idea that with guidance and support people can achieve remarkable results. Established by the non-profit Meltwater Foundation in Accra, Ghana in 2008 as an effort to create jobs and wealth locally
“With power comes responsibility – it is as simple as that” said Professor Peter Tufano as he welcomed visitors to a discussion about business leadership and responsibility to celebrate the creation of the Kim B. Clark Fellowship in Responsible Leadership at Saїd Business School at Oxford University on September 7th. “Business organisations have power. How should
This is a tale of two development models used by northern Mexican cities. Both of them are located in the state of Chihuahua; one of them can be considered a success and the other, although it had a recent turnaround, has seen a bitter and brutal chapter of its history unfold during the last decade.
