Murray Low on Business Leadership
Professor Low is an experienced entrepreneur and a leading authority on entrepreneurship in independent, corporate and not-for-profit settings. Starting businesses in several industries led him to study how the entrepreneurial process differs by context. His current research examines the dynamics of entrepreneurial careers. As the founder of the Columbia Entrepreneurship Program, he has worked to make entrepreneurship a viable career option for MBA graduates. Low consults to both small and large companies, family businesses and not-for-profits. He teaches executive seminars in the areas of entrepreneurship and strategic management and makes frequent presentations to academic and industry groups. He has published widely in academic and practitioner journals and is a regular commentator in the media.
Murray Low: Great business leadership, I’m not saying it’s easy, but it’s not that hard to make a lot of money. And I would like to think that all successful entrepreneurs are successful because they are upstanding citizens, and they are highly ethical. But I have too many data points to suggest that that’s the case. To me, when I think about great leaders, I think about people who inspire others to do good things. And one of the reasons why I’m so passionate about entrepreneurship is that the entrepreneur isn’t just creating a business. They’re creating an organization, and an organization has a personality, just like a person does. And that personality can be sort of innovative and creative and open and ethical, or it can be mean and nasty and the wonderful thing about being an entrepreneur is that you can create an organization, you can create a culture. And by creating a culture, you change the way people live, and you can provide an opportunity for people to pursue their kind of hopes and dreams. And I guess my passion for entrepreneurship comes from the belief that there are many ways to influence social change. But one of the most powerful is to create a successful organization; a successful organization that delivers to customers what they want; that delivers financial returns to investors; that provides a work environment where people want to show up in the morning; and an organization that caters to sort of an evolving world in a proactive way. And in the last 10 years, specifically in the last 10 years, even the last five years, we’ve seen this whole emergence of this group of social entrepreneurs, who are using the principles of entrepreneurship to achieve some kind of broader social mission. And it might be trying to develop a financially self-sustaining model for basically a not-for-profit, or it might be a mission driven for-profit business. And if I think about sort of what’s happened in the field of entrepreneurship in the last 10 years that is really exciting, it’s the coming of age of this idea that making money and doing well for yourself financially is in no way at polar ends to actually providing a good, quality service; being a good citizen; and creating a great place for people to work. And that entrepreneurs-- and some of our greatest entrepreneurs, are really change agents, and entrepreneurs are now embracing that as a world view, and I think it’s just fabulous.
It's about motivating others, says Low.
Malcolm Gladwell teaches "Get over yourself and get to work" for Big Think Edge.
- Learn to recognize failure and know the big difference between panicking and choking.
- At Big Think Edge, Malcolm Gladwell teaches how to check your inner critic and get clear on what failure is.
- Subscribe to Big Think Edge before we launch on March 30 to get 20% off monthly and annual memberships.
Turns out pushups are more telling than treadmill tests when it comes to cardiovascular health.
- Men who can perform 40 pushups in one minute are 96 percent less likely to have cardiovascular disease than those who do less than 10.
- The Harvard study focused on over 1,100 firefighters with a median age of 39.
- The exact results might not be applicable to men of other age groups or to women, researchers warn.
Big tech is making its opening moves into the health care scene, but its focus on tech-savvy millennials may miss the mark.
- Companies like Apple, Amazon, and Google have been busy investing in health care companies, developing new apps, and hiring health professionals for new business ventures.
- Their current focus appears to be on tech-savvy millennials, but the bulk of health care expenditures goes to the elderly.
- Big tech should look to integrating its most promising health care devise, the smartphone, more thoroughly into health care.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.