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The Stupid Entrepreneur

Published on Nov 15, 2017

A slide deck used to present our study of entrepreneurial stupidity at a regional conference.

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PRESENTATION OUTLINE

1.

The Stupid Entrepreneur

Dr. John X. Volker and Dr. Michael D. Phillips 
2.

What were they thinking?

We are attempting to categorize entrepreneurial decisions; especially those that result in negative consequences for the firm or stakeholders.
3.

what is intelligent behavior?

It seems appropriate to mention what we are not investigating.
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4.

According to Kaufman any act that lessens the distance between the desired state and an actual state.

We found Kaufman's definition of intelligent behavior to be very workable for our study. We didn't want to get into a discussion of IQ.
Photo by Eva Funderburgh
5.

what is stupid behavior?

We wanted a simple definition to base our study on.
6.

Any ACT that does not lessen the distance between the actual state and the desired state.

We took the reverse of Kaufman's definition as our definition of a stupid act.
Photo by Jesse Bowser
7.

Cipolla's 5 Laws

Photo by Ryan Johns
8.

Untitled Slide

  • There are always more stupid people than believed.
  • Stupid people appear at the most inoportune time.
People consistently underestimate the number of stupid people around and these same stupid people will appear when their actions will cause the most damage.
Photo by davide ragusa
9.

Untitled Slide

  • They cause a loss to another person or group without incurring a gain and possibly causing a loss to themselves.
This is Cipolla's definition of a stupid person.
Photo by nikoretro
10.

Underestimating and associating with stupid people will always prove to be a costly mistake.

It is often said that you can't fix stupid.
Photo by Joaquin Villaverde Photography
11.

stupid people are dangerous

Stupid acts can cause harm and loss to the innocent bystander or involved stakeholder.
Photo by spcbrass
12.

Cipolla's 4 behaviors

Cipolla said that human beings are capable of four broad behaviors.
Photo by Zoltan Tasi
13.

Untitled Slide

  • Helpless
  • Intelligent
  • bandit
  • Stupid
14.

Functional Stupidity

Why do smart people do stupid things in organizations?
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15.

induced by

  • leadership
  • structure
  • imitation
  • branding
  • culture
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16.

The popular view

of stupidity 
Photo by Umberto Fistarol
17.

Untitled Slide

  • Confident Ignorance
  • obsessive behavior
  • Absentmindeness
People in the study catagorized stupid acts into three classes.
Photo by AndGeorgeMakes4 Studios
18.

The stupidity matrix

Photo by Isaiah115
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Untitled Slide

20.

QUESTIONS

We have enjoyed sharing our study on stupidity with you and would like to entertain any questions you have.
Photo by Derek Bridges
21.

Untitled Slide

John Volker

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