If Entrepreneurs Can Be Created Are You Turning This Into Competitive Advantage #smallbiz

An article this evening in Insead caused a ripple in my thinking on entrepreneurship. Essentially getting out of people’s way so they can be who they want to be. As the the title suggest, Can entrepreneur be created? Yes. There will be a few irrepressible entrepreneurs who break through restraints to create. I once asked a business executive, “Given the choice would you choose to compose the music for your country or create it’s laws?”

The answer reveals considerable about the person. Few companies and countries take advantage of misfortune as an opportunity. Some have the advantage of making the most of car “wrecks of life” Following 9/11 a whole new set of security firms emerged.

Following the collapse of the American embassy in Iran under President Reagan shredding companies emerged with “advanced” method for discarding what was commonly considered dross by organizations.

For countries seeking to be innovative there are eight rationales they should consider:

Communicate a rationale for change.

Establish an urgency Employ or ally yourself with people who applaud “out of the box thinkers.” These people will push the envelope.

It is there developmental process for creation.

Respect discontinuities.

Appreciate diversity in people and thought.

Conflict is good. So is negative thinking. Groupthink permitted the U.S. to enter the Iraq war.

Don’t create a culture of “Happy news only accepted here.”

Get rid of people who placate: “This is the way we have always done things around here. From Insead:

European governments have an opportunity to transform their institutions into facilitators of entrepreneurship and innovation. Are they capable of providing the right environment?Since the European Steel and Coal Community Agreement of April 18th, 1951, the construction of Europe has moved by leaps and bounds. While crises and conflicts have been plentiful, they have often been a source of significant advances in institutions, attitudes, policies and agendas. The current crisis should be no exception.Europe faces a growing need for innovation and innovative government. Small and medium-sized companies are frequently a source of ideas and products brought to market. In Europe, SMEs account for over 99 percent of firms and two-thirds of jobs, contributing more than half of the total added value created by businesses. But it is estimated that only 50 percent of European start-ups survive the first five years of their existence. The SME sector is also characterised by high staff and organisational turnover. Scaling these important enterprises is a major challenge for Europe. via Can Entrepreneurs Be Created? | INSEAD Knowledge.

Learn how we help companies create strategic competitive advantage.  Hire Jim Woods, speakers, leadership, consultant, hr, innovationJim is president of InnoThink Group and Leadership Matters.  He is a leader in workplace learning, productivity, performance, and leadership training solutions. For over 25 years, we have helped companies improve their performance, productivity, and bottom-line results. Contact us See a partial list of Jim’s clients. Click here to Hire Jim Woods to Speak  | Follow us: Facebook | Follow us: Twitter | Skype ID – jim.woods79 http://www.innothinkgroup.com


Jim Woods is president of The Jim Woods Group. A management consulting firm. Go here to see his work www.jimwoodsgroup.com. He advises and speaks to organizations large and small on how to increase top line growth in times of uncertainty and complexity. Some of his speaking and consulting clients include: U.S. Army, MITRE Corporation, Pitney Bowes, Whirlpool, and 3M. See more at his website www.jimwoodsgroup.com.

Tagged with:
Posted in Competitive Advantage

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: