How should would-be entrepreneurs scout for innovation opportunities? The key lies in finding industries with ‘friction’ and ‘information assymetry’.
A new breed of entrepreneurs takes on China’s most vexing problems
In recent years, a handful of Chinese entrepreneurs have set up companies that use legitimate business models to tackle some of the country’s most vexing problems — and also turn in a profit. As these early experiments show, social innovation — or using business models to solve social and environmental problems — requires a fundamentally […]