Foster and his collaborators gathered data on more than 158,000 startups worldwide, tracking each company for five years. What they found is that ...
Foster and his collaborators gathered data on more than 158,000 startups worldwide, tracking each company for five years. What they found is that ...
La industria vasca advierte de la escasez de personal cualificado para los próximos años http://t.co/13E3hR88F7— Guillermo Dorronsoro (@guillerdorron) October 26, 2014
Apostar con decisión http://t.co/2uXd8A07MW A ver si aprovechamos esta moda hablar de reindustrializar, para empezar a hacerlo de verdad— Guillermo Dorronsoro (@guillerdorron) October 26, 2014
On average, how long does it take a (US) venture backed company to exit? Some interesting analysis.. http://t.co/Ks94Ig0oEg— chris horn (@chrisjhorn) November 9, 2013
IONA Technologies was an Irish software company. It was founded in 1991.
The company specialized in distributed service-oriented architecture (SOA) infrastructure.
Some thoughts on Martin Wolf and Prof. Mariana Mazzucato assertions on state funding of R&D, and on the Times Higher Education Innovation Index – my article was published in the Irish Times on 19th August last….
On August 7th last, this paper reprinted with permission from The Financial Times Limited, an article by Martin Wolf entitled “Much-aligned state takes the boldest risks in innovation”. His piece reviewed the book ‘The Entrepreneurial State: Debunking Public vs Private Sector Myths’ (on Amazon), by Mariana Mazzucato, a Sussex university professor of economics who specialises in science and technology. His essay noted that governments (eg in the USA and the UK) have funded, through their science agencies, major research breakthroughs using taxpayer funds, including the discovery of monoclonal antibodies by the UK Medical Research Council; the US National Science Foundation’s funding of what became the Google search engine; and all the technologies which make Apple’s smart phone ‘smart’ – the internet, wireless technologies, GPS, microelectronics, touch-screen displays, and even the SIRI personal assistant.
There is credence in Wolf’s review. However – and I have not read Mazzucato’s thesis – the elephant in the room so deftly ignored by Wolf is the public funding of science for national security. Most, if not all, of the component technologies listed above by Wolf which make Apple’s smart phone ‘smart’, in fact have their primary application directly in the defense of the United States. Private sector exploitation of publicly funded science is frequently a useful consequence – ‘useful’ in that governments seek to procure packaged products for national defense rather than just raw technology, and the engineering of scientific research results into operational products is most economically driven by competitive industry.
Concurrently with Wolf’s effusive review of Mazzucato’s book, the Times Higher Education (THE) published their World Academic Summit Innovation Index (link to index). Based on their 2012-13 World University Rankings of 400 universities in thirty countries, THE divided the research income from industry for each university, by the number of employed researchers. They thus derived the industry sponsorship per researcher. South Korea’s six universities (in the global top 400) show an average of €74,000 income per researcher....
About to start a project on what works to lower youth unemployment all suggestions gratefully received including what doesn't work— Danny Blanchflower (@D_Blanchflower) November 5, 2013
is a leading labour economist, currently a tenured economics professor at Dartmouth College, Hanover, New Hampshire. He is also a Research Associate at theNational Bureau of Economic Research, part-time professor at the University of Stirling, and a Research Fellow at the Centre for Economic Studies at the University of Munich and (since 1999) the Institute for the Study of Labor (IZA) at the University of Bonn. He was an external member of the Bank of England's interest rate-setting Monetary Policy Committee (MPC) from June 2006 to June 2009.
British-born, Blanchflower is now both a British and a U.S. citizen, having moved to the United States in 1989. Blanchflower was appointed Commander of the Order of the British Empire (CBE) in the 2009 Birthday Honours
David Blanchflower, a Dartmouth professor and former policy maker at the Bank of England, also speaks.
PRESS RELEASE, 3 July 2013
EIB Prize for excellence in economic and social research awarded for the first time
The European Investment Bank (EIB) Prize, launched this year, is an award created by the EIB Institute to recognise and stimulate excellence in economic and social research, its implementation and diffusion. The first EIB Prizes are awarded to two candidates in recognition of their research on the topic of the prize: “Growth, employment and convergence, with applications to the European Union”. This year’s “Outstanding Contribution Award” will go to Prof. Dr Klaus F. Zimmermann from the University of Bonn and Director of the Institute for the Study of Labour (IZA). Prof. Dr Elias Papaioannou, from the London Business School, will receive the 2013 “Young Economist Prize”. Both laureates were honoured for their research that has led to a better understanding of the forces at work in Europe and of suitable policy prescriptions.
The EIB Prize will be presented by EIB President Werner Hoyer and Professor Christopher Pissarides, chair of the jury, during the award ceremony to be held in Warsaw on 19 September 2013.
For more information on the EIB Prize: http://institute.eib.org/programmes/knowledge-2/eib-prize/
"Research Triangle" (Wikipedia)
The Research Triangle, also known as Raleigh–Durham or Raleigh–Durham–Chapel Hill, and commonly referred to as simply "The Triangle", is a region in the Piedmont of North Carolina in the United States, anchored by North Carolina State University, Duke University, University of North Carolina at Chapel Hill, and the cities of Raleigh, Durham, and Chapel Hill respectively.
wraltechwire.com 23 May, 2013. DURHAM, N.C. —The Research Triangle is leading North Carolina’s economic recovery as the region generated 36,447 net new jobs in 2012...
...Our region is growing jobs, just as the United States has been losing jobs,” said Charles Hayes, president and CEO of the Research Triangle Regional Partnership, or RTRP...
DAVOS, Switzerland – We have spent the past five years trying to
jumpstart the global economy. After a promising start, we now seem to be
heading in the wrong direction.
The crisis continues to bite in advanced countries, emerging and developing economies are slowing down, and more economic gloom looms on the horizon.
Some 200 million people worldwide are out of a job. According to the ILO’s Global Employment Trends 2013, that number is rising and could reach 210 million by 2017.
Young people are particularly hard hit. Close to 75 million 15-24 year olds are unemployed. Many of them experience long spells of unemployment right from the start, or leave the labour market altogether, often losing their professional and social skills and missing out on on-the-job experience.
Ask any of these young women and men what the key to a decent life is and nine out of ten times the answer will be: a decent job. Ask anyone else and the answer will most likely be the same.
There is one idea we have not tried: making job creation our number one priority. We have talked about it, but haven’t really acted on it. It’s a simple idea that could promote a sustainable recovery from the crisis now, and lead to poverty eradication in the future.
This is particularly timely as we start debating the post-2015 development agenda...
This session was developed in partnership with Time magazine and broadcast on CNN Money.
Today we are faced with one of the largest skills gap in history. Take the data analyst for example, the United States will suffer a shortfall of 1.5 million individuals trained in this area by 2018, according to McKinsey & Co.
The gap exists because four revolutionary technologies are emerging at once: business analytics, cloud computing, mobile computing and social business. Each of them is a force to be reckoned with. Together they have the potential to transform businesses, government services and society. I believe that these new technologies could help rekindle economic growth around the world. But only if we close the skills gap—and fast.
This alarming situation is spelled out in a report published today by IBM, Fast Track to the Future: The 2012 IBM Tech Trends Report. Its conclusions are drawn from a global survey of more than 1,200 professionals who make technology decisions for their organizations, 250 academics and 450 students.The results are shocking...
Banking Competition, Housing Prices and Macroeconomic Stability (with Oscar Arce). The Economic Journal, (forthcoming, 2012)
Job Creation in Spain: Productivity Growth, Labour Market Reforms or both? (with J. Boscá, R. Doménech and J. Ferri). Chapter 3 in The Spanish Economy: A General Equilibrium Perspective. Boscá, J. E., Doménech, R., Ferri, J., y J. Varela (Eds.). Palgrave MacMillan (Londres, 2011).
Household Leverage and Fiscal Multipliers (with J. Boscá and J. Ferri) Banco de España, Documento de Trabajo 1215. 2012Price Rigidity and the Volatility of Vacancies and Unemployment (with R. Doménech and J. Ferri). New draft, 2011.
My take on Spain's unemployment president.gmu.edu/2012/11/spanis…— Ángel Cabrera (@CabreraAngel) November 29, 2012
If I had a penny for every time someone has asked me be about Spain’s economic ills, George Mason University’s endowment would be taken care by now. In case anyone still cares to know, here’s my take...
The world of work is currently out of sync with the world of education, meaning young people don't have the skills needed to get jobs, says Dominic Barton, global managing director of McKinsey & Company.
The problem of jobless youth is one of the most important facing society today. It is not that there are no jobs out there; rather that the available openings require skills that young people simply don't have.
Business today is struggling to define the role it should play in addressing the challenge – where are the critical gaps in formal education and what can business do to address them? Education providers are similarly struggling to bridge these gaps.
One approach is to improve the “education to employment” ecosystem. I think the most interesting competition entries will propose solutions that get below the surface and show how the various stakeholders can work together more closely: educators, employers and young people...
Describe how the world of work is changing and what this means for today's school leavers
The world of work is currently out of sync with the world of education. Demand for high-skill labour is now growing faster than supply, while demand for low-skill labour remains weak. We estimate that by 2020 the global economy could face serious imbalances: nearly 40 million fewer workers with tertiary education than employers will need; a 45 million shortfall of workers with secondary education in developing economies; and a surplus of as many as 95 million low-skill workers.
Further, labour’s overall share of available wealth, or the share of national income that goes to worker compensation, has fallen; and income inequality is growing as lower-skill workers — including 75 million young people — experience unemployment, underemployment, and stagnating wages
This dangerous mismatch between the needs of employers and of job-seeking youngsters is not only resulting in high youth unemployment but arresting economic development. Later this month McKinsey will release a 9-country survey that examines the problem in detail and proposes a number of steps-some practical, some radical- that educators, employers, government, and young people can take...
Labour Markets in the Euro Crisis, September 2012
The latest CESifo DICE Report (2/2012) focuses on how the European labour markets in Estonia, France, Germany, Ireland, Italy, the Netherlands and Spain have fared in the euro crisis. While Germany and the Netherlands have come through the crisis relatively well, the labour market situation in Estonia, Ireland and Spain has deteriorated considerably. France and Italy fall between these two poles.
Mr. Philippe Askenazy, new member (announced 13 Nov, 2012) of French Prime Minister's economic advisory team (Employment specialist in Conseil d'analyse économique (CAE)), www.jourdan.ens.fr/~askenazy/
"A group of business schools and business associations this year launched a postgraduate course offering formal, practical training for would-be managers of ex-Mafia concerns. The course, which included visits to see Mr Turchio and the San Paolo, aims to train a cadre of experienced managers to be deployed across Italy. “We need professional managers to come in not only to keep a business from closing but to develop it so we can demonstrate that when the state takes over from the Mafia, that doesn’t mean job losses,” says Marella Caramazza, director-general of Fondazione Istud, a business school located near Milan, which is leading the course along with two other business schools, Bocconi in Milan and Luiss in Rome. “We must show that when managed legally these can be profitable businesses that bring employment to the community.”
The Jobs Knowledge Platform: An Overview
Policymakers around the world are looking for practical solutions to expand job creation and improve job opportunities. Addressing this key global policy priority, the Jobs Knowledge Platform (JKP) aims to:
● Share insights and build synergies across different approaches, sectors, and disciplines
● Create a community to exchange challenges and solutions
● Inform important policy debates
The Jobs Knowledge Platform is managed by the World Bank in collaboration with partner organizations the Economic Research Forum, Fedesarrollo, the International Development Research Centre, the IZA the Institute for the Study of Labor, the Latin American and Caribbean Economic Association, the McKinsey Global Institute, and REALM/AMERU.
In addition to a series of events, the JKP has a website that enables analysts, policymakers, and the broader public to communicate and learn through a variety of online features. All focused around a set of key debates, the interactive tools include:
MANILA, Philippines - The Philippine business process outsourcing industry breathed a sigh of relief as the US Senate rejected the so-called "Bring Jobs Home Act."
The bill, which would have elimated existing tax breaks for US firms that ship jobs to other countries, was blocked by Republicans at the US Senate. This despite President Barack Obama's earlier push for legislation that would encourage companies to bring back jobs to the US.
"Outsourcing business services to the Philippines helps make American companies more competitive and profitable. Profitable companies hire more workers, both here, and in the United States," Benedict Hernandez, Business Processing Association of the Philippines (BPAP) president and CEO, said, in a statement.
BPAP cited a study showing that outsourcing does not have an impact on job losses in the US.
"Dartmouth’s Tuck School of Business economist Matthew Slaughter, in a study of the hiring practices of 2,500 US multinationals, found that for every job outsourced, nearly two new jobs are created in the US," Hernandez said.
As the US unemployment rate remains high and its economy continues to sputter, some sectors have blamed American companies for outsourcing jobs to countries like the Philippines.
Many American firms have outsourced call center services to the Philippines and India in recent years, since wages here are much lower than in the US.
However, Slaughter's study showed that American jobs created by subsidiaries of foreign multinationals almost doubled over a generation, employing 5.4 million US workers...
The European Commission has today announced the final and biggest ever set of calls for proposals for research under its Seventh Framework Programme (FP7). In total, €8.1 billion will support projects and ideas that will boost Europe's competitiveness and tackle issues such as human health, protecting the environment and finding new solutions to growing challenges linked to urbanisation and managing waste. The funding – which is open to organisations and businesses in all EU Member States and partner countries - makes up the lion's share of the EU's proposed €10.8 billion research budget for 2013...
Via BBC (May 2, 2011)
... The WEF Entrepreneurship_Report (PDF, 380 pages, 16.8MB), in collaboration with Stanford University and Endeavor Global, said: "After avoiding the collapse of the global financial and economic system, governments around the world are now focused on building a foundation for future growth."
It said the purpose of its report was to provide insight into how to successfully foster entrepreneurship, with "the ultimate goal of improving economic growth, prosperity and quality of life".
The WEF study highlighted eight different key growth strategies for early-stage companies.
It said one key finding was that the similarities in early-stage companies around the globe are far greater than their differences...
In a matter of only 18 months, this group oversaw 70 executive case studies from 22 countries, 110 surveys from 17 different countries and the analysis of revenue and headcount data for over 380,000 companies.
Wayra has been invited by Mrs. Kroes to present a report of our experience in the field of foster entrepreneurship and innovation ecosystems in the Digital Agenda Assembly in Brussels, opened on June 21th.
One of the main purposes we have as Wayra is foster entrepreneurship and innovation ecosystems wherever we are based on. Some months ago we received the visit of Neelie Kroes, Vice-President of European Commission and a long supporter of digital evolution and growth for Europe in our Bogotá and Madrid Academies.
As a result of those meetings, we were invited by Mrs. Kroes to present a report of our experience in this field in the Digital Agenda Assembly in Brussels, opened today.
The white paper “Suggestions for enhancing entrepreneurial ecosystem in Spain”, shared by Gary Stewart (@garystew, Executive Director of Wayra Spain) to all delegates is a brief summary of actions that, in our opinion, might be taken in order to enhance entrepreneurial ecosystem in Spain and Europe. We believe those measures might help coming generations of entrepreneurs to make their projects a reality and to place our region amongst the pole positions of added value businesses creation regions in the world.
The report is totally free and ready to download from this link. We expect you can share and distribute among all your colleagues, entrepreneurs and professionals in your networks.
The study, elaborated in collaboration with Banca March, analyses the value creation of family companies quoted on stock exchanges in Europe during the period 2001-2010 using a sample of 2,421 companies with a market capitalization of more than 50 million euros. The results of the of the study leave no room for doubt: family businesses have created more value for share-holders during the period of the study, furthermore contributing to a greater extent in the creation of employment in Europe.
The study of 64 pages is available for download in Spanish. The original IE Entrepreneurship blog post follows:
19 June, 2012, LA CREACIÓN DE VALOR EN LA EMPRESA FAMILIAR COTIZADA EUROPEA
El estudio , elaborado en colaboración con la Banca March, analiza la creación de valor de las empresas familiares cotizadas en Europa durante el periodo 2001-2010 usando una muestra de 2.423 empresas con capitalización bursátil superior a los 50M Euros . Los resultados del estudio no dejan lugar a dudas: las empresas familiares han creado mas valor para sus accionistas durante el periodo de estudio , contribuyendo además en mayor medida a la creación de empleo en Europa.
Acceder al estudio: La creación de valor en la empresa familiar cotizada europea
Globalization’s jobs math, June 2012
Over the past three decades, a global labor market has taken shape, spurring a massive movement from “farm to factory” in emerging markets and boosting output and productivity. But today, the strains on this labor force are becoming painfully evident.
The McKinsey Global Institute’s latest report, The world at work: Jobs, pay, and skills for 3.5 billion people (available on mckinsey.com), finds that market forces will fail to resolve demand and supply imbalances for tens of millions of skilled and unskilled workers alike.
In an accompanying video interview, former deputy governor of the Reserve Bank of India Rakesh Mohan highlights some of the challenges facing policy makers and business leaders.d supply imbalances for tens of millions of skilled and unskilled workers alike. In an accompanying video interview, former deputy governor of the Reserve Bank of India Rakesh Mohan highlights some of the challenges facing policy makers and business leaders....
Based on current trends in population, education, and labor demand, the report projects that by 2020 the global economy could face the following hurdles:
IF U.S. CORPORATIONS invested their excess cash in capital projects, they could create as many as 2.4 million jobs over the next three years, according to researchers at the University of Maryland's Smith School of Business in College Park. The researchers estimate that nonfinancial corporations are holding about US$508 billion in excess cash—only one-fourth the amount that many had believed companies were hoarding, but enough to make a difference in turning the U.S. economy around.
The study, conducted through the school's Inforum Research Center, was commissioned by the United Nation's International Labour Organization as part of its Global Employment Trends 2012 report.
But even though companies could invest that money, it doesn't mean they will, says Jeffrey Werling, an economist and executive director of Inforum. "It's not surprising that U.S. industry would be tight-fisted given the highly uncertain economic environment, but the consequence is a low level of total investment, economic growth, and job creation," he says. If companies invested even half of that cash, they could create more than 1 million jobs in 2012 and 2013.
Closing ceremony includes:
Esperanza Aguirre, President of Madrid
Engracia Hidalgo, Secretary of State of Employment
The new study examines the performance of different countries since the start of the global crisis through the prism of the quantity and quality of jobs.
|Date issued:||26 April 2012|
|Authors:||International Institute for Labour Studies (IILS)|
|Format available:||109 pp.|
Kauffman Foundation, April 16, 2012
As part of our ongoing discussion about the globalization of the startup movement, we look today at one nation’s strategy that appears to be very effective. Present at the recently concluded Global Entrepreneurship Congress in Liverpool were the leaders of Start-Up Chile, an almost two-year old initiative that has rapidly gained traction around the world. However, while it carries a similar name to other national initiatives around the globe, it has a very different approach.
Unlike the Startup America or StartUp Britain movement, Start-Up Chile works more like a focused incubation program than a platform for initiatives or public relations. Startups from any part of the world can apply for the program and those selected receive a US$40,000 government grant as seed capital, a one-year work visa, office space and unlimited access to its extensive network of local and global contacts. The selected businesses must come to Chile for a minimum of six months, after which they are free to take whatever steps necessary to grow...
...Gayle Allard, a professor of managerial economics from Spain's IE Business School, has this analogy.
"You have the Greek model, or the Irish model," she said. "You can either go kicking or screaming, or you can bite the bullet, like people have done in Ireland."...
Some countries, like the UK can decide whether they do tough austerity or not. But Spain doesn't have that choice," she said.
Business schools have a special opportunity and responsibility to lead and facilitate the dialogues needed to achieve a Jobs Compact. Let's put to work what we teach MBAs about how to frame, facilitate, and "get to yes" in complex, multi-party negotiations by helping national and regional business, labor, and education leaders translate these options into actions that create good jobs and competitive enterprises. And let's put our advice to work by teaching all our MBAs and executives how to build sustainable organizations that work for investors, employees, and the economy. (To see what we're doing at the MIT Sloan School, follow this link.)
No individual firm can do this acting alone — power comes through strong industry and regional networks. Business leaders need to work together and with other industry and regional stakeholders to share knowledge, mobilize the resources and build the ecosystems they need to compete on the basis of innovation, high productivity, and good wages...
This post is part of the HBR Insight Center on American Competitiveness.
(Link above refers to this among others)
In the face of continuing fiscal crisis, the governors of some states including Wisconsin, Ohio, and New Jersey have taken to attacking public sector unions using new legislation to undermine the collective bargaining rights of state and municipal employees. The reaction has been widespread protest and a growing rift between political leaders and civil servants. We believe this painful struggle can not only be avoided in Massachusetts, but that the continuing fiscal crisis facing the Commonwealth and its municipalities can provide the motivation for forging a fundamental change in public sector labor relations that not only could lead to more efficient and effective government service, but in the case our teachers’ unions, could play a critical role in improving public education and closing the achievement gap.
"at the start of 2009, some 63 Israeli companies were listed on the NASDAQ, more than those of any other foreign country."
The Economist notes that Israel now has more high-tech start-ups and a larger venture capital industry per capita than any other country in the world.
Interview by Techcrunch
Even in Israel, it is hard to turn young companies into adults...
...Of the 10,000 alums who responded (to survey), 1,700 said they were directly involved over the past year in choosing whether to keep a business activity in the U.S.—and two out of three times in those situations, the U.S. lost out.
HBS made an appeal to change that trajectory at an alumni event Monday night in New York City, where it has its largest concentration of graduates. More than 700 alums listened to faculty lay out suggested business practices based on recent academic research (HBR)...
...Which is more or less what the organizers were hoping for. “Our job at the Harvard Business School is to see if we can’t mobilize our alumni,” said professor Michael Porter (HBR "Choosing the United States"), who has helped lead the school’s U.S. Competitiveness research project, during an interview at Davos...
Roger L. Martin, Chairman of Task Force on Competitiveness, Productivity and Economic Progress
Dean, Joseph L. Rotman School of Management, University of Toronto
I am pleased to present Working Paper 15 of the Institute for Competitiveness & Prosperity. In this Working Paper, we examine the importance of small business and entrepreneurship to our prosperity in Ontario and Canada...
New research by the Institute for Competitiveness & Prosperity shows that public policy should focus on truly entrepreneurial firms to strengthen innovation capabilities in Ontario and Canada
Smaller businesses are the backbone of Ontario’s and Canada’s economies. But not all smaller businesses are the same. Our economy would be better served if public policy focused on assisting the relatively small number of entrepreneurial high-growth, high-impact firms that will drive innovation, productivity, and prosperity. Thus the emphasis in taxation and broader economic policy should shift from smaller to growing firms.
These are the key conclusions of the Working Paper, Small business, entrepreneurship, and innovation
CHAPEL HILL, NORTH CAROLINA — At the age of 17, Holden Thorp (@chanthorp) placed fifth in a nationally televised Rubik’s cube competition on the ABC show That’s Incredible! At 24, he received a doctorate in chemistry from the California Institute of Technology after studying for three years instead of five. And at 43, he was named chancellor of the University of North Carolina at Chapel Hill, becoming one of the country’s youngest university presidents.
Today, Thorp is trying to turn this 29,000-student public university into an engine of economic innovation. A business owner who has twice launched $25 million pharmaceutical startups, Thorp has streamlined the process for faculty members to turn their discoveries into private companies. He has made “entrepreneurship” a minor for all undergraduate students.
And Thorp has co-written a book, Engines of Innovation: The Entrepreneurial University in the 21st Century, with the university’s “entrepreneur in residence” — a former venture capital banker. It calls for the top 125 U.S. research universities to revitalize the American economy. (www.revupinnovation.com)
“The jobs of the near and distant future,” he told me, “are going to be for those who create them for themselves.”
Thorp and Goldstein insist they are not backing the commercialization of academia. Their definition of entrepreneurship is a broad one, they say, that includes social entrepreneurship.
“It’s not Donald Trump,” Goldstein said.
Former Harvard University President Derek Bok, whose book “Universities in the Marketplace: the Commercialization of Higher Education,” looked at the phenomenon...
Live Plenary 1 (also live feed of Plenary 2)
December 9, 09h15
Dec 7, 2011 Video: A quick chat with…Brent Hoberman
WSJ, Nov 21, 2011, Video: LinkedIn’s Hoffman Says U.K. Has Woken Up to Entrepreneur Culture
FastCompany, Nov 17, 2011 LinkedIn Cofounder Reid Hoffman In The U.K.: Silicon Valley Can Be Exported (svc2uk.com)
Achieving Development Goals through Knowledge Sharing
Switzerland topped the global ranking, followed by Sweden, The Netherlands, the United States, Finland, Singapore, Norway, Canada, the UK, France, Australia, Japan, Malaysia, the Czech Republic, New Zealand, Israel, Slovenia, the Republic of Korea, and Thailand.
Titled "Networks for Prosperity: achieving development goals through knowledge sharing", the report was funded by the Spanish MDG Achievement Fund (MDG-F) (526 million euros so far) as part of a project that aims to establish a global knowledge system for private sector development. The report lays the basis for policy recommendations that will help developing countries acquire and adapt private sector development know-how.
Brookings Institution Wikipedia, Foreign Policy magazine's No.1 US Think tank 2009.
Press release of the United States Hispanic Chamber of Commerce, November 10, 2011
The Brookings Institution will undertake unprecedented levels of research and analysis into metropolitan economies. Findings from the Initiative will serve as a platform for a series of joint forums, which will help promote the exchange of ideas and best practices for delivering jobs and development in cities at home and abroad. This work will provide U.S. metropolitan leaders with tangible ideas for how to expand their competitive position, building on policy and practice innovations from across the nation and around the world...
...“Social enterprises generate a process of innovation in society by addressing problems that are neglected by the other institutions in our society, mainly the governments and markets and to some extent the social charity sector”...
...But social entrepreneurship shouldn’t just be written off as a comfortable add-on to the activities of established profit-oriented companies. It’s a strategy for value creation in its own right and a phenomenon that is increasingly becoming a focus of academic research...
...“Regulatory frameworks tend to keep things apart and regulate separately (things) that actually social entrepreneurs blend,”...
PLANS to create a French Ivy League are part of the biggest shake-up in French higher education since students threw cobbled stones in les évènements of 1968. Championed by President Nicolas Sarkozy, the idea is to spend €7.7 billion ($10.6 billion) to produce a handful of world-class universities which can compete with the best...
...After all, business schools the world over have already come to understand the value of collaboration with other academic disciplines to create wealth and jobs. The collaboration between Massachusetts Institute of Technology’s management, engineering and science faculties, for example has created over 130 companies in the past 20 years with a market capitalisation of over $15 billion.
...America's decaying infrastructure costs the typical American worker hundreds of hours in lost productivity. It also costs companies time and efficiency in moving their products around -- and also out of -- the country...
...Congress must pass comprehensive infrastructure legislation now to support America's competitiveness. In particular, Congress must ensure that sufficient funds are dedicated to this urgent issue. Americans stuck in Labor Day traffic understand this challenge of building infrastructure to build jobs...
From the perspective of Michael Spence, a Nobel Prize-winning economist (2001) and Hoover Institution fellow, the president faces some tough sledding..
...It's a structural reality that Spence believes Washington hasn't fully grasped and doesn't have a plan in place to address. "It's a design challenge, and that's not what we're doing right now," he said..
"There is every reason to believe these trends will continue," according to Spence, also a professor of economics at New York University's Stern School of Business..
Distinguished Visiting Fellow at the Council on Foreign Relations and the author of The Next Convergence: The Future of Economic Growth in a Multispeed World (May 2011, www.thenextconvergence.com).
Welcome to the Financial Times Ask the Experts Jobs Clinic 2011. Are you an MBA graduate still looking for a job? Or are you a corporate recruiter, hoping to recruit MBAs this year? What skills can an MBA bring to your company?
Bruce Lane, vice-president of MBA Focus, the US-based recruitment organisation that specialises in MBA recruitment, answered your questions on Wednesday 29th June 2011.
Michael E. Porter is the Bishop William Lawrence University Professor at Harvard University. He is a frequent contributor to Harvard Business Review and a six-time McKinsey Award winner.
Mark R. Kramer cofounded FSG, a global social impact consulting firm, with Professor Porter and is its managing director. He is also a senior fellow of the CSR initiative at Harvard’s Kennedy School of Government.
The concept of shared value—which focuses on the connections between societal and economic progress—has the power to unleash the next wave of global growth.
An increasing number of companies known for their hard-nosed approach to business—such as Google, IBM, Intel, Johnson & Johnson, Nestlé, Unilever, and Wal-Mart—have begun to embark on important shared value initiatives. But our understanding of the potential of shared value is just beginning.
There are three key ways that companies can create shared value opportunities:
• By reconceiving products and markets
• By redefining productivity in the value chain
• By enabling local cluster development
Every firm should look at decisions and opportunities through the lens of shared value. This will lead to new approaches that generate greater innovation and growth for companies—and also greater benefits for society.