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Strategic Entrepreneurship: US Environment & Reality. I. FUNDING 1. VENTURE FUNDS 2. CAPITAL DEMOCRATIZATION 3. PERSONAL SAVINGS. V. ECOSYSTEMS NETWORK ECONOMIES. HIGH-IMPACT ENTREPRENEURS. II. ESTABLISHED LARGE FIRMS 1. BUYERS 2. INVESTORS 3. ACQUIRERS 4. SUPPLIERS OF HUMAN RESOURCES.
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I. FUNDING 1. VENTURE FUNDS 2. CAPITAL DEMOCRATIZATION 3. PERSONAL SAVINGS V. ECOSYSTEMS NETWORK ECONOMIES HIGH-IMPACT ENTREPRENEURS II. ESTABLISHED LARGE FIRMS 1. BUYERS 2. INVESTORS 3. ACQUIRERS 4. SUPPLIERS OF HUMAN RESOURCES IV. UNIVERSITIES 1. TRANSFERERS OFTECHNOLOGY 2. SUPPLIERS OF HUMANRESOURCES III. GOVERNMENT 1. R&D GRANTS 2. BUYERS a. Endowments b. GovernmentR&D Grants Tax revenue a. Equity b. Debt
Small More Invention More Opportunity Environment & Data Large More Innovation Competitive Advantage
Opportunity Strategic Direction Small Firms Large Firms 0 Competitive Advantage
Strategic Direction? • Design incentives to promote “opportunity” (O) and “competitive advantage” (CA) • e.g., Institute a new business subsidy (grant) as a positive function of O and CA • Imitate Singapore, Hong Kong, Israel • How about building a Charter City? < http://chartercities.org/video >