Effectual Entrepreneurship, Third Edition
Practically Speaking
Making a Market out of a Joke
People love their pets, particularly when they are easy to look after. Enter the Pet Rock, a low-maintenance friend.
Entrepreneur: Gary Dahl
Entity: Pet Rock
Country: USA
Page 108 in
Chapter 7 Opportunities Are Created as Well as Discovered (pp. 97-110)
"Gary Dahl was out one evening having a few drinks with his buddies when the conversation turned to pets. Dahl, a California advertising man, joined in by claiming he had a pet rock—an ideal pet with a great personality that was easy and cheap to care for. His friends laughed at the idea. Little did they know that a pop-culture fad was about to be born.
It was April 1975, and Dahl's initial idea was to write a book—The Care and Training of Your Pet Rock—a step-by-step guide to having a happy relationship with your geological pet. He spent the next few weeks writing the book, which included instructions on training the Pet Rock to do tricks, such as roll over..."
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Video Resources
References & Links
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- Howard Schultz. (n.d.-a). Schultz Family Foundation. Retrieved April 20, 2025, from https://schultzfamilyfoundation.org/team-member/howard-schultz/
- Howard Schultz. (n.d.-b). Forbes. Retrieved April 20, 2025, from https://www.forbes.com/profile/howard-schultz/
- Howard Schultz. (2025). In Wikipedia. https://en.wikipedia.org/w/index.php?title=Howard_Schultz&oldid=1285405168
- Howard Schultz: An Overview of the Entrepreneur’s Career - 2025. (n.d.-c). MasterClass. Retrieved April 20, 2025, from https://www.masterclass.com/articles/howard-schultz-life-and-career
- hpeiper. (2018, September 4). Schultz to young entrepreneurs: ‘It can happen for you’. Starbucks Stories EMEA. https://stories.starbucks.com/emea/stories/2018/bocconni-university/
- Starbucks CEO Howard Schultz: How to Be Strategic Thinkers | Inc. - YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=Q5Djl9_Xc3w
- Starbucks’ CEO Talks Business—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=83yInyY1KLs&t=152s
- Starbucks’s Howard Schultz: From Coffee Entrepreneur to Three-Time CEO. (n.d.). WSJ. Retrieved April 20, 2025, from https://www.wsj.com/story/starbuckss-howard-schultz-from-coffee-entrepreneur-to-three-time-ceo-439768fc
- Taylor, K. (2017, December 13). From Brooklyn to Billionaire: The Story of How Howard Schultz Transformed Starbucks Into an $84 Billion Business. Inc. https://www.inc.com/business-insider/howard-schultz-chairman-former-ceo-starbucks-successful-billionaire-coffee.html
- The Man Behind Starbucks Reveals How He Changed the World—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=LnA7n9qSB7E&t=255s
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