ethical issues
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Kelley describes three important steps in starting a company: 1) Follow your passion 2) Hire great people 3) Focus on process. His passion is design, but there must be a balance between passion and business issues. People often worry too much about the financial side of the company and fail on the emotional side of the company, he says.
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When starting a business one tends not to focus on employee issues. Hawkins stesses the importance of laying a strong foundation of human resources from the very beginning. He shares ideas that he feels make sound human resource policies. When you are thinking of compensation between people, he says, you should always imagine that everyone knows everything.
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Roizen talks about her experience in taking venture capital. She learned that if one can use venture funds judiciously to raise the inflection point, then it makes sense to do it. For her, it was an economic decision. Other reasons to take VC money involve credibility issues. Customers want to see that you have partners and money in the bank to prove that you will be around, she says.
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Bloom talks about his relationship with the board of Podshow as an ongoing dynamic one. They spend a lot of time with each other discussing issues as a healthy debate. A good board is one who is able to give advice at the right time and help in making connections. He also believes that the camaraderie of the board with each other is important.
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In social entrepreneurship, many issues are blended and need to be addressed together. Ramdas shares two examples of social entrepreneurs very close to her heart. She talks about entrepreneurship being the willingness to work and assume risks at the same time for implementing changes in the society.
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A reflection on press coverage of mental health issues and suicide in the US and UK over a 25-year period and, in some cases, much earlier - as far back as 1900. International journalist and Fulbright Scholar Mary O'Hara's research yields some fascinating results.
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When McNamee says, 'Your most important partner in a business is your spouse,' he believes that when working in a partnership, partners assimilate each other's passions, issues, and interests. He also says that life is all about balancing one's career, family and bank account and all three are necessary for entrepreneurship.
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Jung talks about the irregularities in team dynamics. He stresses that the timing of conflict is very important and one needs to work together as a team to sort out issues. He also insists that if necessary, the team should get professional help.
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Roizen believes the biggest impact VCs can have is recruiting. At Mobius, she says, they have four fulltime recruiters to find the right people for all their companies. VCs also call the issues, and thus play a very critical role.
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In this lecture, Professor Freeman discusses the Articles of Confederation. Although they seem hopelessly weak in the long view of history, the Articles made perfect sense as a first stab at a national government by a people who deeply distrusted centralized power - a direct product of their recent experience of the British monarchy. Among the many issues that complicated the drafting of the Articles, three central issues included: how war...more
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Reedy talks about the importance of being flexible. In a high growth company, like eBay, opportunities arise everyday and if a company is not flexible it will miss these opportunities, she says. Similarly, as issues arise, eBay is flexible and willing to tackle these issues, she adds.
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Google has been caught in the middle of free speech vs. censorship issues. The Digital Millennium Copyright Act states that if a company removes information from the internet when requested, they cannot be held liable. If the company is then counter-notified, they can put the information back up and remain legally neutral. Google has followed this policy, says co-founder Larry Page, but it has nevertheless sparked controversy.
