Schumpeter Advocates Innovation as True Driver of Progress 233.0

Joseph Schumpeter introduced the concept of the entrepreneur as the true locomotive of the modern economy. Further, he identified that economy’s true context as the then ‘new normal’ of creative destruction from continuous innovation, and not the seeking of price equilibrium from perfect competition. While the modern definition considers all businesspersons as entrepreneurs, Schumpeter equated [...]

Hapinoy – Mark Ruiz Retails Sari Sari Happiness to Filipinos 228.0

“The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield,” begins Peter Drucker’s classic 1985 book, Innovation and Entrepreneurship, quoting the French economist J.B. Say. Thus, Mark Ruiz and the Hapinoy/MicroVentures (MVI) team, all social entrepreneurs, are mining a rich vein for social enterprise [...]

Social Entrepreneurs are Unreasonable Revolutionists by Definition 227.0

Writing about what Filipino social entrepreneurs – like Reese Fernandez, Mark Ruiz and Jay Bernardo – actually do as innovators left me stumped and sidetracked. Thus, before posting about Mark and Jay, the inevitable a priori question must be asked: what makes a social entrepreneur tick? Stoking the Inner Fire. This question led me to [...]

Rags2Riches – Reese Fernandez Creates Value from Creativity 226.0

Not all entrepreneurs are innovators as categorized by the Ewing Marion Kauffman Foundation. In putting together a new way for nascent entrepreneurs to work together and create value from creativity and to sustain the work over time, Reese Fernandez of RIIR is definitely in the practice of innovative entrepreneurship. I believe her pioneering effort – [...]

Nano by India Tata is an Indigenous Innovation from an Emerging Market 203.0

It is not just a disruptive one. The most fascinating person I met at 7th Asialics in Taipei is Professor Chaisung Lim of the Miller School of Management of Techology, Konkuk University, Korea. We had a long discussion over breakfast on innovation from emerging markets (or as the jargon also goes, catch-up economies). We are [...]

Philippines-Fabricated Rotary Filling Machine 188.0

This hardy Filipino-fabricated machine is cause for cheer I could hardly contain my excitement at seeing a Filipino-fabricated rotary filler being set up yesterday – a working product from the minuscule Philippine machinery industry is on the ground before me! YAY! as my young friends shout. And LOL with that. Fighting against economic policies like [...]

On Congestion – Advance Post on Comelec Res 8786 GI for BEI 183.0

Comelec proactively and innovatively designs VAC to help manage congestion The Comelec inserted a new provision – a really creative one – in the updated Res 8786 to create a Voters Assistance Center (VAC) in each school to help manage congestion that is the main consequence of clustering. In this automated election, congestion from clustering [...]

Learning Curve Effect of Classic Chinese-Filipino Pricing Policy 182.0

Entrepreneur-students of the 1st EDP at AIM help draw an insight Scholars and analysts often derive their theories after practitioners in the real world have been implementing them successfully for years. At the first ever Entrepreneurship Development Program (EDP) at the Asian Institute of Management (AIM), my class found a key insight linking the classic [...]

SYNTHESiST gets Google Buzz Button 176.0

To enhance shareability and improve searchability As you can see, I just installed a Google Buzz This button at the top of each SYNTHESiST post. The button installs such “-abilities” on the blog that is so necessary to compete robustly for attention in the blogosphere. Again, I thank my internet marketing guru and friend, Raque [...]

Opportunities from Salt Replacement in Food Preparation 169.0

The scan-adapt-diffuse approach to technology acquisition. Consumers’ desire for healthier food creates opportunities for the enterprising innovator. A more sedentary lifestyle especially in the developed world and increasingly so in emerging markets makes a sodium-rich diet a high risk of cardiovascular disease. The major source of sodium in our diet is salt so that it [...]

Apple iPad Intrudes on Amazon Kindle e-Reader Space 167.0

Market leader Amazon hits back with Free! Yesterday at 0947 GMT (5:47pm Friday Manila), Amazon sent me the email at left offering a free download of Kindle for PC. Quickly, Amazon shots back across Apple’s bow. I would have taken the offer. I do buy a lot of books (like two a week). At the [...]

Birdwatching – Innovative Eco Tourism Product for the Philippines 164.0

Sec. Ace Durano makes the country a birdwatching destination As part of a diversification strategy, creativity goes a long way to promote growth for the Philippines in a way that is hard for other countries to compete. Imagine birdwatching! For eco-tourism and just recently to support his diversification strategy, Sec Ace Durano also promoted the [...]

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