One of the main problems that employees face at work is the lack of recognition. This problem could be easily overcome through gamification, defined as “the use of game mechanics, behavioral elements and design techniques in non-gaming contexts”. Gamification makes…
All posts filed under “Business”
How to Secure Venture Capital: 10 Steps
The main purpose of venture capital (VC) firms is to invest in early-stage businesses in exchange for equity shares or ownership stakes. When these startups grow and gain market value or even become unicorns, VC firms sell their equity to…
Green Energy Tech in Africa
Green tech ventures are on the rise in Europe and the US. In 2021 alone, they raised over $111 billion globally. Their main goal is to reduce emissions and “remove carbon from the atmosphere”, accelerating the transition towards net zero…
How to Develop a Business Idea (Part II)
It might seem that endless job applications and interview callbacks are the gatekeepers of employment. Such thinking is misleading as entrepreneurship is an option chosen by many people. It is believed that entrepreneurship will become even more common as the…
How to Develop a Business Idea (Part I)
Launching your own business is a risky endeavour. According to the Bureau of Labor Statistics, 20% of startups close down in the first year, and half of them within the first five years. There are many reasons why these figures…
Activating Lean Leadership
In the US, an ideal CEO is rugged and charismatic, and loudly articulates a bold vision for the business. As CEOs tend to be portable, they typically apply what has worked for them before in a new company. As they…
Stereotypes in Business
The same presentation but different speakers. Female speakers go first. The audience evaluates their speech as emotional. Then male speakers take their turn. Their speech is evaluated as authoritative. How is it possible that the same speech has such different…
Open Innovation: An Academic Review
Firms practicing open innovation (OI) face a constant challenge: they need to decide which knowledge they should develop in-house, which to buy or co-develop and which to sell or license. Knowledge is the cornerstone of the open innovation strategy. Firms…
Finnish SMEs
Twice a year, Finnish Entrepreneurs (Suomen Yrittäjät), Finnvera and the Ministry of Employment and the Economy publish an SME Barometer, which presents “the activities and the economic environment of [Finnish] small and medium-sized enterprises” (SMEs). The latest publication is the…
The Profile of Lithuania’s Startup Ecosystem
Lithuania’s startup ecosystem is robust: there are already over 1000 startups, well-developed infrastructure, a growing tech talent pool as well as many local investors. The 2022 Startup Genome report included Lithuania in the category of the 60 emerging startup ecosystems,…