Innovation & Entrepreneurship News

Chicago native Frank Muscarello '03 founded MarkITx, a marketplace for secondary IT equipment, in 2012.

Frank Muscarello '03

Start Me Up: Frank Muscarello '03

MarkITx is disrupting the $312 billion market of secondary IT

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When it’s best not to resolve family discord

11/01/14 – Family Business
Article by Professor Lloyd Shefsky argues that, in certain cases, trying to improve bad family business relationships is counterproductive, and everyone would be better off if no such attempts were made.

Why baby boomers are an important part of technology’s future

10/31/14 – Washington Post
Article cites research by Professor Ben Jones that found that the average age of innovators is steadily rising, with the average age of greatest achievement for Nobel Prize winners and great tech inventors having increased six years to 45.

How the Swash Got Laughed Out of the Room -- and Into Your Home

10/27/14 – Bloomberg
Quotes Professor Lloyd Shefsky on Whirlpool and P&G’s Swash. “You can’t really get through life without a washing machine, but you can get through life without this,” Shefsky said.

Getting ahead may require changing tactics, observers say

10/27/14 – Las Vegas Review-Journal
Article reports on Professor Lloyd Shefsky’s book, Invent, Reinvent, Thrive. “Businesses reinvent because things have changed, such as competition, government regulation and pricing,” Shefsky said.

Branding pro talks reinvention

10/21/14 – CNBC
Financial news contributor Herb Greenberg mentions Professor Lloyd Shefsky and his book, “Invent, Reinvent, Thrive.” Greenberg talks about IBM’s current earnings and how Shefsky’s book argues the need for constant reinvention and explains how IBM did that in the past. Segment begins around 1:30.

To Stay Inspired, Entrepreneurs Must Notice, Ask, Try

10/21/14 – Investors.com
Article quotes Professor Lloyd Shefsky on leaders’ need to sharpen their entrepreneurial mindsets constantly and includes examples from his book, “Invent, Reinvent, Thrive.”

Songhua Hu ’10 and Richard Lim ’10

Start Me Up: Songhua Hu ’10 and Richard Lim ’10

10/20/14 – A tech guru and a floral manager team up to launch two winning startups

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Chicago Ideas Week: The rising tide of social-impact investing

10/13/14 – Chicago Tribune
Article reports on Social Impact Investing: Financing a Better World, a panel hosted by Professor Linda Darragh at Chicago Ideas Week. Takeaways include that “anyone can be an impact investor” and “sell the win-win.”

The Expert – Lloyd E. Shefsky, Clinical Professor, Northwestern University

10/13/14 – Womenetics
Article by Professor Lloyd Shefsky explains how to continuously innovate and reinvent one's self and business to meet constantly changing conditions in the marketplace, using examples from his book, Invent, Reinvent, Thrive.

4 Steps to Reinventing Your Company

10/01/14 – American Express Open Forum
Article quotes Professor Lloyd Shefsky and includes his tips for businesses preparing their reinvention strategies.

Laundry service app launches in Chicago

10/01/14 – Chicago Tribune
Quotes Professor Linda Darragh, who said that customers will be hesitant about whether clothes will be well cared for and washed to their particular standards.

The next great startup: Why selling to businesses beats selling to consumers

09/30/14 – Fortune
Article by Professor Linda Darragh lists six lessons that entrepreneurs can learn from B2B companies about how to launch the next great startup, including targeting the first customers wisely and focusing on opportunities to generate reoccurring revenue.

Why It’s Important to Reinvent Yourself

09/29/14 – LinkedIn
Article profiles Professor Lloyd Shefsky and his book, Invent Reinvent Thrive. “The need to reinvent is very rarely clear, but if you pay attention, it’s likely writing on the wall of the box you need to bust out of,” Shefsky said.

What are the Most Common Traits of Successful Small Business Owners? 50 Experts Reveal the Top Characteristics

09/16/14 – PointBlank
Quotes Professor Lloyd Shefsky, who said that the ability to reinvent one’s self and business to meet constantly changing conditions in the marketplace leads to long-term success for small business owners.

Innovative offerings help Chicago business schools stand out

09/15/14 – Chicago Tribune

Article reports on entrepreneurship and innovation offerings at Chicago schools including Kellogg and Booth. Quotes Professor Linda Darragh, who said that Kellogg has revamped its program by adding 12 new courses and 19 new faculty members.

Podcast EP. 30 – Invent, Reinvent, Thrive with Lloyd Shefsky

09/15/14 – Moved By Purpose
Interview with Professor Lloyd Shefsky, who said that successful entrepreneurs don’t ignore the naysayers but investigate their claims.

Invent, Reinvent, Thrive

09/14/14 – WTIC
Interview with Professor Lloyd Shefsky, who said that people don’t have to change their whole skill set to reinvent themselves.

TEL 046: Invent Reinvent Thrive with Lloyd Shefsky

09/12/14 – The Entrepreneurs Library

Interview with Professor Lloyd Shefsky about his book, Invent Reinvent Thrive. “It carries the concept of needing to invent and reinvent through various stages but it also uses real stories,” Shefsky said.

Should scientists handle retractions differently?

09/05/14 – MIT News
Article reports on an MIT study about the fallout for scientists whose fields suffer high-profile retractions. Quotes Professor Ben Jones, who said that the study “uses rigorous empirical methods to establish an important fact: Retractions matter for the ensuing progress of a field.”

Episode 26

09/04/14 – Extreme Biz Dev with Bernie Brenner
Interview with Professor Lloyd Shefsky about how businesses should adapt through all stages of success.