Toward a New Normal of Responsible Entrepreneurship (Zankl & Grimes, 2024) | FT50 AMR

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Welcome to Revise and Resubmit! 🎙️

Unicorns. 🦄

We hunt for them. We invest in them. We celebrate them. Billion-dollar startups that promise to change the world. They disrupt. They innovate. They create incredible wealth. 🚀

But there's a shadow. A hidden cost. For every market reformed, an industry is displaced. For every convenience created, livelihoods can be destroyed. We see the explosive growth, but we often ignore the societal and ecological wreckage left behind. For years, we've been told this is simply the price of progress. An unavoidable consequence.

But what if it's not? 🤔

What if the disruption and the damage aren't a package deal? What if we could have one without the other? This is the core challenge thrown down in a brilliant new paper from May 13, 2024, titled "Taming Unicorns: Toward a New Normal of Responsible Entrepreneurship." Penned by authors Jonah Zankl and Matthew Grimes, this article dares to rethink the very foundations of the startup world.

And this isn't just any paper. It's published in the Academy of Management Review, a titan in the research community and a prestigious member of the ⭐ FT50 Journal list ⭐. This is the big leagues of academic thought! The authors argue that we can, and must, reorient our entire system toward responsible innovation, building guardrails that prioritize positive reform while controlling negative fallout.

So, how do we actually tame these wild unicorns? What are the specific rules and systemic changes needed to build a world where entrepreneurs can truly heal society instead of just breaking it apart?

A massive thank you 🙏 to authors Jonah Zankl and Matthew Grimes, and to the publisher, the Academy of Management, for bringing this vital conversation to the forefront.

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Reference

Zankl, J., & Grimes, M. (2024). Taming Unicorns: Toward a New Normal of Responsible Entrepreneurship. Academy of Management Review. https://doi.org/10.5465/amr.2021.0406

Open Access link to preprint

https://www.repository.cam.ac.uk/bitstreams/c0aff558-eed7-4dea-8e4c-96fd2e371b6b/download

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