When Henry Ford shifted production solely to the Model T, it was a decision shrouded in risk. This level of experimentation was common in the automobile industry at this time, but what separated the greats, like Ford, from the rest happened to be quite a bit of luck, says new research from Maryland Smith.
Dr. Brent Goldfarb is Associate Professor of Management and Entrepreneurship in the M&O Department at the University of Maryland's Robert H. Smith School of Business. Goldfarb's research focuses on how the production and exchange of technology differs from more traditional economic goods, with a focus on the implications on the role of startups in the economy. He focuses on such questions as how do markets and employer policies affect incentives to discover new commercially valuable technologies and when is it best to commercialize them through new technology-based firms? Why do radical technologies appear to be the domain of startups? And how big was the dot.com boom? Copies of Dr. Goldfarb's publications and working papers have been downloaded over 1200 times.
When scholars turn to research, they are seeking evidence on any given issue. But in most cases, what they get is the testimony of an author’s interpretation of that evidence – and that’s a big issue, says new research from the University of Maryland’s Robert H. Smith School of Business.
SMITH BRAIN TRUST – Successful entrepreneurs are good storytellers – and in a way, they have to be. They’re selling a product, to consumers, to investors and potential shareholders, to everyone.
But sometimes – as appears to be the case with China’s buzzy internet startup coffee chain – the story is a little more fiction than nonfiction, says Maryland Smith’s Brent Goldfarb. “Sometimes it's fraud, which is typical for bubble stocks,” he says.
SMITH BRAIN TRUST – How do you make sense of Tesla? It’s a Wall Street darling, but with completely puzzling fundamentals. CEO Elon Musk is a bold innovator, and his company has made an aspirational vehicle line, with sticker prices to match. Still, profits mostly elude the company.
SMITH BRAIN TRUST – It’s not often that we witness a stunning downfall like the one that Juul appears to be having.
SMITH BRAIN TRUST – A new law in California mandating stricter employment rules for drivers and other gig-economy workers isn’t good news for Uber or Lyft. And it may not be good for the rest of us, either, warns Maryland Smith’s Brent Goldfarb.
SMITH BRAIN TRUST – There’s no question about it: Micro-transit, the movement that has populated cities across the country with electric bikes and scooters, is mega-interesting.
SMITH BRAIN TRUST – In what was heralded as an encouraging step, Volvo last week announced that the margins on its electric vehicles are set to match those of combustion engines by 2025.