Author Malcolm Gladwell’s
lecture on the risks and
realities of entrepreneurship
Tuesday drew an audience
large enough to fill Hill
Auditorium.
The talk, which explored
the careers of scientist Emil
Freireich who helped invent
modern chemotherapy; Steve
Jobs, who founded Apple; and
Ingvar Kamprad, who founded
IKEA, was part of The Joseph
and Sally Handleman Lecture
Series hosted by the Ross
School of Business.
Gladwell
challenged
the
audience
to
reframe
the
traditional
discourse
surrounding
entrepreneurship,
encouraging them to consider
the social implications as well.
“I think we spend a lot of time
talking about the innovation
part
of
entrepreneurship
and not enough time talking
about
the
social
part
of
entrepreneurship,”
Gladwell
said. “That’s what I want to
talk about this evening.”
He
added
that
entrepreneurs
are
defined
by
exigency
rather
than
competence
or
resources,
highlighting
Jobs’
attempt
to produce the Macintosh
computer
as
quickly
as
possible.
“That’s what sets (Jobs)
apart, that sense of urgency,”
Gladwell said. “That’s what
gives an entrepreneur their
sense of direction and their
sense of purpose.”
He
also
outlined
three
common
characteristics
shared by all entrepreneurs:
openness
to
creativity,
conscientiousness
and
disagreeableness in terms of
a disregard for the approval
of others. To illustrate this
notion of disagreeableness, he
pointed to Freireich’s struggle
with the medical community’s
disapproval and accusations
of immorality.
Despite
this
obstacle,
Freireich
continued
his
groundbreaking work.
“If
Freireich
needed
approval, leukemia would still
exist,” he said.
Gladwell said a successful
entrepreneur believes in the
nature of a dynamic society,
a vision which fuels the
entrepreneur to implement
change.
Sixty-two
percent
of
Michigan
students
graduate
with debt of about $29,450 —
making the state the ninth-
highest in the nation for student
debt — according to a new report
from the Michigan League for
Public Policy, a nonpartisan
economic policy institute.
The report pointed to several
possible reasons for the debt,
including rising tuition and
stagnant levels of federal and
state aid.
Since 2003, public tuition
has increased by 100 to 150
percent on average in Michigan.
Meanwhile, in 2003, the Pell
grant covered 40 to 66 percent
of tuition. Now, the grant covers
less than 40 percent at nearly
all Michigan universities. At
the University of Michigan
specifically, in 2015, the federal
Pell grant covered 26 percent of
tuition.
Michigan’s
investment
in
need-based financial aid grants
has also fallen since the 1990s,
even amid raising tuition. The
state spends less per student on
michigandaily.com
Ann Arbor, Michigan
Wednesday, September 14, 2016
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INDEX
Vol. CXXV, No. 134
©2016 The Michigan Daily
NEWS......................... 2A
OPINION.....................4A
CL ASSIFIEDS...............6A
SUDOKU..................... 2A
A R T S . . . . . . . . . . . . . . . . . . 5 A
S P O R T S . . . . . . . . . . . . . . . . . . . .7A
CLAIRE ABDO/Daily
U.S. Sen. Tim Kaine (D-VA), Democratic vice presidential nominee, speaks to University of Michigan students and the Ann Arbor community on the Diag Tuesday.
Democratic
officials
encouraged Wolverines to follow
their instincts and “go blue”
this election Tuesday afternoon
when Sen. Tim Kaine (D-VA),
the Democratic vice presidential
nominee, visited the University
of Michigan’s campus to give a
speech on the Diag.
Kaine’s visit marks the first
time Hillary Clinton’s campaign
has visited campus and the vice
presidential
nominee’s
second
time in the state, which went to
U.S. Sen. Bernie Sanders (I-VT) in
the Democratic primary, partially
due to young voters. Kaine’s last
stop in Michigan was in early
August in Grand Rapids.
Before heading to the rally on
the Diag, the vice presidential
nominee first went to Espresso
Royale on State Street, where he
met with students as well as Ann
Arbor residents.
Much of Kaine’s speech centered
on student debt and bolstering
Clinton’s higher education reform
plan, along with civil rights and
the importance of Michigan as
a swing state. Speaking before
See DEBT, Page 3A
JEREMY MITNICK/Daily
Author Malcolm Gladwell speaks as a part of the Joseph and Sally Handleman Lecture Series in Hill Auditorium
Tuesday.
The Statement
How the process of
gentrification has changed
Detroit’s economic and social
landscape
» Page 1B
michigandaily.com
For more stories and coverage, visit
Men and women self-rate
their health differently — and
this might explain in part why
women live longer — according
to a recent University of
Michigan study.
The study found women
rate themselves as less healthy
more often than men, even
though women tend to live
longer. The study, therefore,
could predict mortality better
in men who viewed themselves
as extremely healthy, perhaps
because they were more likely
not to seek medical help.
Initially designed to
compare health between
Black and white people, the
study followed 1,500 adults
ages 66 and older for three
years between 2001 and 2004
and discovered that gender
differences play a large role in
subjectively predicting risk of
mortality later in life.
“Regardless of the domain,
women perceive their health
being poorer — if it is mental
health, if it quality of life, if
it is anxiety or depression,
See PERSONALITY, Page 3A
See KAINE, Page 3A
The house is jumpin’
Nonprofit sets up White
House bounce house on North
University Ave.
» Page 3A
AMANDA ALLEN/Daily
U.S. Sen. Tim Kaine (D-VA), Democratic vice presidential nominee, poses for a
photo with Laura Marsh, LSA junior and vice chair of the University of Michigan’s
chapter of College Democrats after Kaine’s speech on the Diag Tuesday.
See GLADWELL, Page 3A
VP candidate Tim Kaine discusses
student debt, gender gap at ‘U’ visit
Students gathered in Diag Tuesday afternoon to attend Democratic political rally
EMMA KINERY
Daily News Editor
Study finds
Mich. loan
debt peaks
at $29,450
ADMINISTRATION
University strives to
balance rising tuition,
financial aid
KATHERINE CURRAN
Daily Staff Reporter
Author Malcolm Gladwell lectures on
risks and realities of entrepreneurship
Talk hosted by Ross as part of the Joseph and Sally Handleman discussion series
EMILY MIILLER
Daily Staff Reporter
Perception
of health
differs for
genders
SCIENCE
Mortality risks may be
connected to varying self
assesmements
ALEXA ST. JOHN
Daily Staff Reporter