Business Impact

Highlights from the June 2014 MBA Commencement Ceremony

Author: Lake Effects Blog

Thursday, July 03, 2014

Dr. Neil Holman, Dean of Corporate Learning Solutions, welcomed the MBA Graduates and opened the commencement ceremony on Sunday June 29th.  John Popoli, President and CEO of Lake Forest Graduate School of Management addressed the Graduates in an opening speech to congratulate the students on behalf of the Faculty, Staff, Board of Directors and Business Advisory Council.

“Your minds have expanded to encompass those new ideas and perspectives that will forever impact your lives and careers – possibly in ways you have never imagined.  You are a different and better person than you were when you started your MBA program.” John Popoli.

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How Crowdsourcing and Start-Ups Go Hand in Hand

Author: Greg Kozak

Monday, June 09, 2014

Having an idea is only the start of the uphill climb to seeing its underlying vision become a reality.  When discussing start-up enterprises, the term ‘crowdsourcing’ generally follows close behind and is almost synonymous.

In a more robust global economy and in the past, entrepreneurs have been able to secure investment and capital from financial institutions.  Thanks to the ‘credit crunch,’ most freelance entrepreneurs have little chance of securing investment through traditional sources – which is why crowdsourcing is such a viable option for launching new platforms and ideas.

Crowdsourcing is a term that originates from two words: crowd and outsourcing.  For many businesses, it is the best way to get the necessary support needed to take a product from concept to market successfully.

 

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