When Design Thinking Clashes With the Existing Business Culture
Increasingly firms are seeking new methods to stimulate creativity in a fast-moving business climate. Many turn to design thinking — but with mixed results. New research sought to find out why this practice is successful for some companies and less so for others. A culture clash may be at the heart of many difficulties.
Gender Difference on Crowdfunding Platforms: What Pitches Work?
On prosocial crowdfunding platforms such as Kiva, which benefit low-income entrepreneurs, women-led campaigns tend to be significantly more successful than men's. To find out which specific gender dynamics explained this difference, HEC Paris professor Santosh B. Srinivas sought to sort out gender differences in the justifications for funding requests entrepreneurs made on the site.
Yes, Social Entrepreneurship Training Works
Social entrepreneurship is characterized by a deep commitment to a social cause and the desire to develop new business models with economic, social, and ecological impacts. But can people be trained to become better at social entrepreneurship? HEC Paris Professors Thomas Åstebro and Florian Hoos found that social entrepreneurship training works, but only if carefully designed.
How Unemployment Insurance Can Foster Business Dynamism
Research by Johan Hombert (HEC Paris) recently published in The Journal of Finance shows that well-designed unemployment insurance is key to foster business dynamism. As unemployment is surging in the wake of COVID-19, the post-crisis policy toolkit should take special care of the design of unemployment insurance.
The 4 Key Stages of Idea Creation in the Creative Industries
Despite the romantic view that artistic genius and organizations are at odds, creativity alone doesn't generate full-blown creations. The creation process needs to be managed so as to translate ideas into new movies, perfumes or novels, and bring them to the market. HEC Paris's Thomas Paris carried out ten in-depth case studies of businesses from the movie industry to haute cuisine and along with Sihem Ben Mahmoud-Jouini, identified the four key stages of the creative process.
4 Lessons From Bringing Design Thinking Into a Business
Design thinking has been hailed as the latest strategy to gain a powerful competitive edge in both innovation and processes. But to be successful, it must involve a major cultural and organizational shift. Two researchers and Thales Chief Design Officer share the lessons from their analysis of bringing design thinking to technology giant Thales.
The Impact of Overconfidence and Attitudes towards Ambiguity on Market Entry
For many people who have started their entrepreneurial adventure, the biggest challenge is to believe in yourself. Yet, for those who choose this path, confidence can also make the entrepreneur underestimate actual business risks, leading to fatal decisions. Researchers of HEC Paris Business School and Bocconi University offer a new explanation for why decision makers often appear too confident, and shed light on the consequences of this characteristic.
Making a Change: Teaching Sustainable and Inclusive Business
“Continuing to do business as usual is no longer an option,” argues Professor Bénédicte Faivre-Tavignot. She explains the push at HEC Paris to develop programs dedicated to sustainability and inclusive business and, just as importantly, to integrate those principles throughout the business school’s mainstream core offerings.
The Movement for Social Business Impact Blows Out Its First Candle
November 9, 2016 witnessed the official launching of one of HEC Paris’ most ambitious initiatives, the Movement for Social * Business Impact, MS*BI. The far-reaching project seeks to accompany business and entrepreneurs in a joint mission to build a more inclusive global economy. MS*BI also aspires to help businesses to maximize their social impact while improving their economic development. Knowledge@HEC analyzes the developments in the past year of a Movement hoping to help build a new type of capitalism.
Kickstarter Study Reveals the Crowd Often Prefers to Play it Safe
The online crowdfunding platform Kickstarter has the reputation of helping innovative start-ups get funding. Cathy Yang and her co-authors find, however, that innovative ideas — products that were both novel and useful — actually receive significantly less funding from this platform than other projects. What are the implications for entrepreneurs?