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An Invitation to Leaders to Learn How to Use Entrepreneurship to Drive Economic Growth

Posted on Jan 26, 2016 in Articles, Uncategorized

Original published on Linked In January 19, 2016 Babson College is an acknowledged leader in entrepreneurship education. What is less well known is that Babson, for example via the Babson Entrepreneurship Ecosystem Project (BEEP), has been innovating the use of entrepreneurship for economic development, but with a twist: Rather than increasing the growth of new firms, BEEP has been focusing on increasing new growth in firms, new and existing. The results of several years of work in Manizales-Mas and Scale Up Milwaukee have been very encouraging. The background. Until recently, regional[1] strategies for economic development have included encouraging direct investment, attracting new business and retaining existing business. Last week’s headlines of General Electric’s move to Boston are testimony to the fact that these strategies are alive and well [AND EXPENSIVE. See Richard Florida’s piece here]. More recently the role...

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Scale Up Ambition Leads to Scale Up Results

Posted on Jan 26, 2016 in Articles, Uncategorized

Original appeared on LinkedIn January 11, 2016 Share on LinkedIn Share on Twitter Scale Up mindset and Scale Up ambition are important. I recently read an important study reporting a meta-analysis of many studies in a variety of countries. The researchers from the ERC in the UK looked at the relationship between entrepreneurs’ expectations for their upcoming growth, and their actual subsequent  growth. The conclusion: actual subsequent growth (revenues) is predicted by intentions or expectations of growth, in particular when the motivation of the entrepreneurs is to generate wealth, that is, be successful as a business (as opposed to becoming one’s own boss). In other words, those entrepreneurs who want to and expect to scale up, have a higher probability of doing so, all else being equal. The predictive correlation is in the .25-.35 range. I have little doubt...

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How to Create an Entrepreneurial Economy

Posted on May 20, 2010 in Audio, Harvard Business Review, Interviews and Media Quotes, Uncategorized, Videos and Radio

HBR ideacast. How to create an entrepreneurial economy, May 20, 2010 Hear on Harvard Business...

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