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.
David A. Kirsch
David A. Kirsch is Associate Professor of Management and Entrepreneurship in the M&O Department at the University of Maryland's Robert H. Smith School of Business. From 1996 to 2001, Kirsch held various adjunct and visiting appointments at the Anderson Graduate School of Management, University of California, Los Angeles. He received his PhD in history from Stanford University in 1996. His research interests include industry emergence, technological choice, technological failure and the role of entrepreneurship in the emergence of new industries.
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.
It starts with horse manure: How past problems influence the present.
Maryland Smith’s David A. Kirsch never planned on being an academic, but the entrepreneurship professor and author just keeps finding new problems to tackle.
“What am I going to do when I grow up?” Kirsch would ask himself. “I think, ‘OK, one more interesting problem to solve and then I'll figure out what I'm going to do.’ In the interim, I've grown up.”
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.