Not everyone is built to be an entrepreneur. And that’s fine. But for people who are, whether they are 12, 25, or 80 years old, we need to give them the resources to turn this innate drive into a business and maximize their chance of building the next Google. This is where the argument: Stop teaching our kids to be employees, start educating entrepreneurs is most appropriate.
Innovation, and its cousin, entrepreneurship, don’t just lead to prosperity; they are prosperity. The very process of imagining the new and making it a reality represents a significant pathway toward human satisfaction in the world. Innovation in its most fundamental form is the common language of human attainment. It is as old as the first recipes encoded on tablets in Mesopotamia and as universal as the tenacity of a curb-side tinkerer (or, for that matter, app designer). To what else could the word “prosperity” more aptly refer than such opportunities to experience the joy of creation?
If you’re betting on entrepreneurship in Japan, turn to the retailers such as Muji, Uniqlo and FunFam. I’d also turn to the social venturers. With more freedom to execute and better support through government grants, the do-good minded folks are the country’s true disrupters. That’s remarkable. Social entrepreneurs are seen as a replacement for the broken aid system, not a promising way to encourage economic growth.
…the most difficult challenges require leaders who can identify and ask the right questions. The world needs great problem-solvers, but it also needs people who can make sure their organizations focus on the right problems and miss nothing in the process.
India is an obvious staging ground for social innovation—it’s home to bright young minds, serious development issues, a lack of public services, and a growing divide between globalized cities and rural poor. India’s freedom from strict regulations like in the U.S. or Europe makes it an ideal playground for social entrepreneurs, enabling them to test ideas and develop the ones that are ripe for further growth.
But India’s social enterprises are struggling to scale, communicate, and share their ideas, and they still lack support from the country’s leading businesses. Social enterprise in India remains a messy, unregulated, chaotic venture. India’s social space has been defined by thousands of community-based nonprofits that lack the capital to become regional or national catalysts for change.
The challenge social enterprises face within corporate multinationals is immense. Many social enterprise often don’t conform to traditional ROI criteria. Most of the time socially responsible businesses are betting on long-term strategies or “market shaping” opportunities, or they may simply tradeoff profit in some instances to enhance social impact. Moreover, outsider investors often penalize companies who are too innovative in this space. For one, BP’s renewables portfolio was heavily discounted. So what’s the best strategy?
It is clear that entrepreneurs play a strong, complex, role in conflict dynamics; they also have the potential to be key actors in economic recovery after the end of violent conflict. What is less clear is how development actors can not only foster and nourish the talents of entrepreneurs towards the restructuring and growth of the economy, but also ensure that their activities contribute to peacebuilding rather than to fragility of the state.
I suspect entrepreneurs recognize the prevalence of “the law of the vital few”, even if they don’t call it that. They prioritize when it comes to key issues such as cash, sales and profit potential. But politicians naturally favor a more egalitarian philosophy, since every vote counts equally. They are idealists, while business owners must be realists.
Research has shown that startups, especially high growth startups, are the keys to job creation and leadership in new industries,” the paper says. “With nearly half the workforce and more than half of our college students now being women, their lag in building high-growth firms had become a major economic deficit…Women capable of starting growth companies may well be our greatest under-utilized resource.