Effectual Entrepreneurship, Third Edition
Practically Speaking
The Cube Without a Plan
This hit toy demonstrates a familiar story: The inventor is brilliant, but the commercial success is shared by many.
Entrepreneur: Erno Rubik
Entity: Rubik’s Cube
Country: Hungary
Pages 317-318 in
Chapter 19 Business Plans and Business Models (pp. 312 to 334)
"It's hard to believe that the blockbuster toy that frustrated our childhood and sold almost a hundred million units between 1980 and 1983 is already practically an antique. But what was behind the product that created the first millionaire entrepreneur from the Communist Bloc?
Birth of the Cube
The father of the Cube, Erno Rubik, was a sculptor, an architect, and a teacher of interior design. Spatial relationship problems were his business and realizing them in three dimensions his specialty. In class, he would often build a physical design to make a point—as he did with the Cube. Rubik's Cube was not originally intended to be a blockbuster, or even a toy. It was the presentation of a solution to a structural design problem of surfaces in three dimensions that could be manipulated in any direction.
Inventor Turns Marketer
Technical creations come along all the time. Making a market for them is the job of the entrepreneur. And without such explicit intentions, Rubik started the process by sharing his puzzle with his students and friends. Their attraction to it indicated opportunity. So, when Rubik met Tibor Laczi, a salesman from an Austrian computer company, Rubik was open to what happened next."
Under Construction: Join Us in Co-Creation!

Video Resources
References & Links
- How Starbucks Became An $80B Business—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=XUBeH7VQaFY&t=50s
- 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
.png?width=200&height=82&name=Effectuation%20Extended%20Logo%20(200%20%C3%97%2082%20px).png)