Entrepreneurship & innovation

The cultural mismatch between lending professionals and potential clients in diverse communities can cause lost revenue in what could otherwise be a win for all. Here: the story of a bank attempting to expand its market, a family facing the financing challenges of immigrant entrepreneurs, and a loan officer who embraces “character-based lending.”

The Post-Information Age means it’s time to take stock of what it means for you personally and professionally. The definition of success of digital products has changed significantly. Here are three recommendations for managers who understand they need to do more with digital.

Entrepreneurship is a powerful engine for innovation and job creation in the U.S., and downturns are precisely the times in which economies are in greatest need of new ideas and agility. More than any type of business, startups depend on the quality of talent to grow. What has the pandemic done to new ventures in the U.S.?

One pressing concern for pharmaceutical companies is how to effectively allocate scarce resources across projects in R&D pipelines. Professor Panos Markou shares insights on how competitors’ investments in drugs that treat the same disorder may reveal potentially useful information, which senior executives can use to improve chances of success.

Too often, well-meaning aid programs meet bare-minimum standards of quality — just “good enough” for the world’s poorest people. But by addressing “wicked problems” through the lens of design thinking and a social business model, one public-private partnership has been able to improve the health and livelihood of residents in eastern Congo.

No event in modern history has driven so much change, so fast, as the coronavirus pandemic. In a world beset by the challenges presented by COVID-19, can we look into the minds of entrepreneurs to discover how businesses and individuals might start to rebuild?

COVID-19 is a disaster for public health and the economy. Yet there may be a glimmer of a silver lining for the natural environment: By year end, the globe may see the biggest dip in carbon emissions on record. Investment in next-generation clean energy now could restore jobs, provide new ones, drive economic growth and lock in environmental gains.

While the future has always been unpredictable, the global uncertainty caused by the novel coronavirus is at a record high. To help us steer through this unprecedented crisis, Professor Saras Sarasvathy shares insights on entrepreneurial decision-making and offers four strategies seasoned founders use to turn uncertainty into opportunity.

Does career risk inhibit entrepreneurship? Research from Darden Professor Ting Xu and colleagues shows the effect of leave policies on entrepreneurship and explores the extent to which longer job-protected leave leads to new ventures, creating jobs in industries in which experimentation before entry has low costs and high benefits.

The old normal is history. But the world will not stay still, and technology will advance, its adoption even accelerated due to COVID-19. Ed Hess discusses the need for democratization of technology and its potential to address societal challenges including income inequality, low social mobility, the expense of health care and access to education.