Silicon Valley Innovation, European Style

These days many believe that Europe’s economy and its major corporations are stagnant, simply trying to fight the recession to survive. It turns out that this is far from reality. Increasingly, executives from major . In their search for growth, many end up spending time in Silicon Valley to learn more about innovation and entrepreneurship,…

Squaring the Circle: Growth, Employment and Inequality

I need to confess to the reader that I have problems, but not solutions. Specifically, there are three problems. First, the rate of growth is decreasing in several countries: certainly in Europe, but also in Japan (my generation can still recall the years of the Japanese “miracle”), in the U.S. (what today is considered growth…

Business Plans Should Move to the Back Seat

Entrepreneurship, at least from the perspective of teaching and competitions, is all about business plans. This, however, is the wrong focus. New ventures, whether a new startup or a new idea in an established company, are about discovery. The more an entrepreneur wants to build a new market or change the parameters of an existing…
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