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!

          Bamboo - Share & Visit Again

          Something Missing? Something to Share?