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Fostering Scale Up™ Ecosystems For Growth

Posted on Mar 15, 2016 in Articles, Authored, Miscellaneous blogs, Other

If more and more companies grow more and more rapidly in your region, your economy will grow. Since 2010 we have been pioneering new methods for using entrepreneurship to drive regional economic growth. Rather than focusing on increasing the number of new firms, we are catalyzing local ecosystems which increase the firms with new growth – Scale Ups. Scale Ups are companies that enter into new, rapid growth trajectories. Our experience is that roughly 10-20% of existing businesses in any region have the business experience, customer base and operational skills to double their growth rate. What they are lacking is an environment – the entrepreneurship ecosystem – that supports new growth trajectories. Our Scale Up™ Ecosystems projects have the following core elements: Program. We have created an interconnected series of programs to impact every domain of the Scale Up™...

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Fostering Scale Up™ Ecosystems For Growth – The cases of Manizales-Mas and Scale Up Milwaukee

Posted on Mar 15, 2016 in Articles, Authored, Miscellaneous blogs

Daniel Isenberg and Vincent Onyemah [1] To appear in MIT Innovations: Technology, Governance, Globalization March 8, 2016 The search for reliable and replicable strategies to stimulate regional economic prosperity is as old as the field of economic development itself. [2],[3] These strategies have included the encouragement of direct investment, business attraction and retention,[4] and sector-based cluster strategies.[5] More recently, the role of entrepreneurship has been explicitly recognized, descriptively and prescriptively. Glaeser et al. and others have shown that one essential element in sustained regional growth is the presence of significant concentrations of indigenous small and growing businesses. [6] On the surface, these empirical findings are consistent with the popularization of the entrepreneurship ecosystem metaphor and the subsequent launching by governments and civic organizations of a plethora of startup encouragement programs (e.g., the Startup America Partnership; Startup Chile) as a...

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Entrepreneurs don’t disrupt, they create value

Posted on May 9, 2014 in Authored, Miscellaneous blogs

“We have dangerous confusions about what entrepreneurs do and how they do it.” In this guest blog, Dan Isenberg argues that Entrepreneurship is the creation and capture of extraordinary value; it is not disruptive innovation per se, and innovation is neither necessary nor sufficient for entrepreneurship. Have we forgotten that disruption is connotatively and denotatively negative? Creation and disruption are virtual opposites. This distinction is both practical and important, because people can create a lot of disruptive innovation while destroying value rather than creating it. Extreme (and painful) example to make the point: On September 11th, 2001, a group of 19 men disrupted life as many of us knew it, killing thousands, shaking our feelings of safety, and disrupting the normal course of events in the world’s most powerful cultural and commercial center while negatively impacting the lives of many millions. The...

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The Unexpected Upsides To Business Failure

Posted on Jan 22, 2014 in Interviews and Media Quotes, Miscellaneous blogs, Video

Originally published on WGBH.org on January 22, 2014 If at first you don’t succeed, you could be better off in the long run. It’s not as catchy as the actual saying, but it may be just as apt. As part of this week’s in-depth FOCUS report on second chances, we’re looking at the benefits of failure. And as WGBH News reporterAdam Reilly shows us, some area businesses are embracing failure in surprising ways. GUEST Daniel Isenberg is a professor of entrepreneurship at Babson College, an adjunct professor of management at Columbia Business School, and the author of “Worthless, Impossible, and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary...

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Daniel Isenberg: “if it’s predictable, it’s not entrepreneurship.”

Posted on Jan 6, 2014 in Miscellaneous blogs

Originally published in Startup Tel Aviv by Natalie Edwards / January 6, 2014 Daniel Isenberg is an expert on how the public and private come together to create environments that foster entrepreneurship. IsraelDev invited Daniel to come to Tel Aviv University to talk about the opposite of that, how entrepreneurship can spur economic development, not just about how it’s happened in Israel but also how it could happen in emerging markets. Daniel Isenberg talking at Tel Aviv University Daniel is an important guy – he’s taught at Harvard, written books (“Worthless, Impossible and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary Value”), worked on policy at forums and summits, and founded an institute, the Babson Entrepreneurship Ecosystem Project, which reflects his expertise and professional mission. He’s also been an entrepreneur, venture capitalist, and angel investor since he moved to Israel in the...

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‘Entrepreneur’ Has Become a Buzzword. Let’s Reclaim It

Posted on Nov 14, 2013 in Book Coverage, Interviews and Media Quotes, Miscellaneous blogs

Originally posted in Inc. on November 14, 2013 Daniel Isenberg says entrepreneurship has become a fad. His book, Worthless, Impossible, and Stupid, seeks to dispel the modern myths that surround the word. Worthless. Impossible. Stupid. Safe to say those are three words aspiring entrepreneurs probably doesn’t want to hear assigned to their idea, right? Wrong, says Daniel Isenberg. The author of the aptly-titled book Worthless, Impossible, and Stupid argues that anything entrepreneurial–truly entrepreneurial–shouldn’t be perceived as valuable, feasible, or smart. That’s because entrepreneurism, rather than referring to anybody who starts a business, is all about seeing value where nobody else does, he says. Entrepreneurship is contrarian. Isenberg is the founding director of the Babson Entrepreneurship Ecosystem Project and a former professor at Harvard Business School. His book was published earlier this year, and he took some time to speak with Inc. about it. Inc.: Nobody wants to hear about...

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