According to Seth’s blogs entrepreneurs use innovation in order to generate impact. He tries to emphasize that it important to engage with the user, the audience and the market when trying to innovate. Seth also explains that entrepreneurship is bringing a product that people never thought they could use it or wanted it or knew about it and make a difference.  At the end of his blog he states something really noteworthy: “Don’t tell me what you invented. Tell me about who you changed.

Personally, I think his last statement was the most important thing in his blog. Entrepreneurs always think innovation is the right thing to do but sometimes failed to understand that is not what you invent is whom are you going to change. If through innovation the company is changing someone, then they are being more efficient.

Ashish J. Takkar, an entrepreneur borne in Uganda. He is the founder and CEO of Mara Group, which is a pan African conglomerate that works in 26 countries and employs around 7,000 people.  The company focuses on technology, real estate, manufacturing and financial services grossing more than $ 100 million in annual revenues. It is admirable how he started everything from scratch, his first started when he was 15 by selling computers to his schoolmates and friends.  The World Entrepreneurship Forum in Singapore announced him as the world youngest entrepreneur of the year. 

It is interesting how there are still people wanting to create their own business even though there are a lot of risks involved. In my perspective, creating a business is important since you provide jobs to people. In today’s world there is a lot of unemployment and it is beneficial for the world to see people that are still striving to create their own business.

http://www.forbes.com/sites/mfonobongnsehe/2012/06/18/young-successful-and-african-ashish-thakkar-ceo-of-mara-group/

http://www.forbes.com/sites/mfonobongnsehe/2013/11/12/african-millionaire-is-named-worlds-young-entrepreneur-of-the-year/

Nowadays, some companies that are emerging are starting to creating share value, an example is GlaxoSmithKline in Thailand.  The article talks about how the company is making a priority to raise the access of medicine and bring pricing line with gross national income. This is a very attention-grabbing article since in class we were talking about how companies are starting to create share value. The company started increasing the access of medicine by creating partnerships with the Red Cross and Royal Thai Army to provide deliver, sanitary supplies and doctors for rural areas.

The Royal Army provides medical and sanitary supplies to areas that have suffered from floods in 2011 and conflict zones in the south.

The Red Cross provide health education and vaccines to these under privileged that are suffering with illnesses that may lead to death.

In my opinion, creating share value is one of the most important things in a company. A business should not only create high profits by selling expensive goods, they should create a way in which they are making profit and also helping the community.

http://www.theguardian.com/sustainable-business/blog/gsk-thailand-medicine-bank-creating-shared-value

I’ve recently found an article, which talks about how employees that are happy tend to be more productive. There has been a lot of study that demonstrates how employee’s satisfaction/perception leads to company success. The article shows a couple of tips on how to motivate and make happy employees by creating incentives in order to keep them focused on their work. Here are some tips that the article mentions:

Bonuses: Create a financial incentive in order to reward great performances.

Amenities: A gym, a cafeteria or a day care centre will make employees happier.Perks: Create office casual days, half days, office parties and activities outside of the office.

Positive Recognition: Recognize one of your workers in public for his or her achievements. Try to recognize them.

Education: Pay for additional education will make the company workforce more skilled.

Motivating and making employees happy are key factors for a company success. It also helps the company create corporate culture.  It is very interesting how the article talks about Zappo’s strategies to make employees happy since we talked about the company in class.

http://www.forbes.com/sites/patrickhull/2013/05/23/motivation-mystery-how-to-keep-employees-productive/

Pranav Malhotra’s blog discusses about Matos, a business that makes shoes for men. The company is considered a social enterprise. Personally, I think this blog is very important and thought provoking. It is amazing how many people are now trying to create companies that can be favourable to our world. In this case Matos is creating shoes that are animal friendly and eco-friendly. The company is also helping unprivileged children by providing them with a learning kit for every sold product.

Thanks to these types of companies our world could become a better place. In the same way, it will be a better place since skilled managers are designing products in order to benefit everyone and also to benefit themselves by creating strategies to increase their selling segment.

According to Liz Costa’s blog, invention is about locating the itch and finding a technique to scratch it. There are many inventions that have been placed thanks to someone who filled up the gap of one product that was needed. Personally, I find this blog interesting since there are many entrepreneurs who are trying to create new products that can fulfil the world needs. I was recently reading an article about Giatec Scientific Inc; this company has developed a way to detect corrosion or concrete cancer with one of their new products called: iCOR. It is a very unique idea brought by the company, however, Giatec Scientific Inc is not the only company bringing up innovation/invention. As Liz blog says entrepreneurship nowadays is finding what is missing and satisfying that gap.