What Makes a Good Startup Hub?

Entrepreneurship and Innovation | February 16th, 2017 posted

Marc H. Meyer

In the following post, D’Amore-McKim School of Business Distinguished Professor Marc Meyer shares his insight on the factors that enable a robust and successful startup hub.

Boston was ranked No. 1 among the top 25 startup hubs in the U.S. according to a recent report by the U.S. Chamber of Commerce Foundation and startup incubator 1776. Following are six factors that I believe enable a startup hub like Boston to be top-notch:

  1. Smart, well-educated young people. This – beyond the venture capital, incubators, or the presence of large, well-established companies – is the foundation for a rich entrepreneurial ecosystem. And smart, well-educated people, in turn, means the presence of substantial universities with strong research budgets; students from around the world; and a culture of practice-oriented, problem-solving education that leads to technology spin-offs (much like Northeastern University).
  1. Universities that are seen not just as a source of education, but also as a source of interesting, next generation applications of science and technology. This is the spin-off idea. The evidence of startup-producing education systems includes active on-campus incubators and student-friendly technology licensing offices, as well as recent examples of successful ventures started by students or recent alumni. I believe that our universities are our greatest sources for innovation in the decades ahead, and work should be done to make them even better seeding grounds for the next great ventures. The focus of that work is to create an environment where students can start companies while they’re still students. They should not feel compelled to have to drop out of school to start a company, but rather engage in coursework and incubation programs, and receive the mentoring needed to develop an idea, test it, and then launch it upon graduation. For instance, in our IDEA student-led venture accelerator at Northeastern, we have over 200 companies in process.

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“Get With the Program or Go” and Other Lessons of Leadership

International Business and Strategy | February 2nd, 2017 posted
Bert A. Spector

Bert A. Spector

In the following post, D’Amore-McKim School of Business Associate Professor Bert Spector shares his thoughts on leadership strategy in the Trump administration.

“These career bureaucrats have a problem with it?” said Sean Spicer, the White House press secretary. The “it” he referenced was Donald Trump’s January 27, 2017, executive order concerning immigration. “They should either get with the program or they can go.”

Get with the program or go! Who among us hasn’t at some time or another wanted to say that? It’s a thought that may provide comfort in times of uncertainty, turmoil, and change. But does it really represent good leadership? My short answer: not even close.

In my recently published book Discourse on Leadership, I analyze prevailing attitudes toward resistance and obedience on the part of followers to the direction of leaders. I point to Chester Barnard’s classic 1938 study of the functions of an executive, in which he noted that for organizations to achieve their goals, individual members would be required, to some extent, to subordinate themselves to the collective. That modifier, to some extent, offers a powerful insight for all executive leaders.  Read more…

Gold, silver or copper: What Will Shine Under Trump Presidency?

Finance | January 12th, 2017 posted
Jeffrey A. Born

Jeffrey A. Born

In the following post, D’Amore-McKim School of Business Professor Jeffery Born shares his thoughts on the future of mining exchange-traded funds under the Trump presidency.

Recent bullish stock market activity signals that concerns of a near-term recession are low. Given the use of gold in a number of manufactured goods, it is likely that Trump’s influence will bring balance to gold prices.

Copper prices have already jumped in anticipation of stronger demand during the Trump administration. The infrastructure spending that Trump is calling for is going to spill over into demand for industrial metals, and several have already incorporated this into their prices since the election. Thus, I don’t seem much upside in copper.

The ‘sleeper’ since the election has been silver. Silver isn’t the metal of choice when fears start to rise—gold is. Silver is much more of an industrial metal, and I think it is best poised to benefit from the expansion the market expects during the early Trump administration.

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What a Trump Presidency Could Mean for Global Supply Chains

Supply Chain and Information Management | December 15th, 2016 posted

Robert Murray

In the following post, D’Amore-McKim School of Business Executive Professor of Supply Chain Management Robert Murray explores the potential impacts that the Trump presidency could have on the supply chain industry.

There has been much speculation about the effects that a Trump presidency could have on U.S. economic growth and global supply chains. While we do not know what the future holds, I believe it could go in very different directions depending on whether actions taken mirror the campaign trail or shift toward pragmatism once President-elect Trump takes office.

Campaign activity suggests there may be a push for congressional approval of a 45% tariff on Chinese-made goods, a 35% tariff on Mexican-made goods, as well as the disassembly of NAFTA. These acts could invite retaliation and overall trade could decline—a lot. This type of trade war—even if contained to U.S.-China and U.S.-Mexico—would bring extreme changes around the world and an immediate increase in U.S. consumer inflation.

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