Investor's Business Daily (Mar. 18): “The Engineer Of Progress Transform: James Watt Ignited Industrial Steam Power"
George Haley, member of UNH's business faulty, explains how James Watt turned the steam engine from a glorified pump to the prime workhorse of the Industrial Revolution. "Watt's lesson is it's rare for an inventor to be a great general businessman, and he had the good sense to find someone who complemented his skills, providing the commercial acumen needed to turn his engine into the technological standard of the day," he says. "Too often, entrepreneurs refuse to give up control to others who can help them realize their dreams, and they end up failing."