Posts Tagged ‘development’

The Global Promise of Entrepreneurship – Randall Kempner

Monday, October 5th, 2009

Randall Kempner is the Executive Director of Aspen Network of Development Entrepreneurs.  His keynote addressed the global reach and economic, social impacts of entrepreneurial activities.

Innovation is the generation and the development and the implementation of new ideas that create social value.  Generation is the Inventors / Development is the Researchers / Implementation is the Entrepreneurs who make the dreams come alive as a business.

Entrepreneurship is not just about the big cities, it’s not just about the tech hubs.  Entrepreneurship is global.   Entrepreneurship can be born in many ways, even out of disaster.   Entrepreneurship drives economic growth.   The stronger the entrepreneurial climate in a region, the more likely it is that the region will have better economic growth.

What has to happen is that roadblocks to entrepreneurial success and endeavor have to be eliminated.  Support and resources have to be provided to the world’s entrepreneurs and potential entrepreneurs.   An environment that encourages trying, failing, and starting again has to be developed to allow potential entrepreneurs to be willing to take the risk. Then the education and resources have to be available to allow for the successes to continue to grow and for the entrepreneurial spirit to expand. A regional entrepreneur environment requires the right mix of assets, networks and culture.  It requires a culture which is willing to support and encourage the end results of this equation.

Supporting global entrepreneurial efforts will grow the world’s economic growth.

Global entrepreneurship = Global prosperity.

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