Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Texas Business reports: LUBBOCK—As economies struggle worldwide - including here in the United States - one Texas Tech University professor may have the answer.
Others think so, too. Author and Texas Tech University Rawls College of Business Professor Shelby D. Hunt, recently garnered the prestigious Journal of the Academy of Marketing Science Sheth Foundation Best Paper Award for 2011. He will receive the award during the Academy of Marketing Sciences annual conference in New Orleans later this month.
His paper, "Sustainable marketing, equity, and economic growth: a resource-advantage, economic freedom approach," may be tough to understand for the non-academic.
However, when broken down into everyday language, Hunt's pathbreaking - and sometimes controversial - way of looking at market sustainability is one he says could help many struggling economies.
When it comes to sustainable economic development, there are two theories of economic growth, Hunt said. The "static" approach is that economic growth comes by first increasing society's investment in new plants and equipment.
"My dynamic theory of competition, on the other hand, maintains that most growth results from the process of dynamic competition, rather than from increasing investment," he said. "By policies that encourage the process of competition, societies experience economic growth, which then results in increases in investment. In the past, much public policy has been based on the 'static' view that investment causes economic growth- and that's simply not so."
Hunt's 30-plus page paper goes on to explain exactly how and why his theory has been supported by studies of economic growth over many decades.
In addition to his award-winning academic article writing - which spans more than 25 years at the Rawls College of Business alone - Hunt also is author of the book A General Theory of Competition, in which he discusses at length his theory of competition, which is called "resource-advantage theory."
In the book, Hunt draws on economics, management, marketing and sociology to articulate resource-advantage theory. Hunt proceeds to illustrate how and why his theory may be used to explain and predict a wide range of economic phenomena much better than the "static" approach.
The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: America’s greatest threat: Unsafe work conditions; The West News proves the value of a great weekly newspaper in a community torn up with grief and chaos; Chinese investors checking out Texas, Austin; Texas makes bounce house operators carry liability coverage, but not plants like West Fertilizer; bSpaceX’s Grasshopper leaping to NM spaceport;American Airlines, US Airways to name post-merger leadership within weeks; Texas power cushion seen at lowest level in a decade; Media outlets reflect Houston's diversity; and more.