In my view successful and sustained economic growth is almost always based on a mix of ambitious, local entrepreneurs and investment by national or international firms.
In any effort to build a successful industry cluster, there are distinct roles for both larger, established firms and entrepreneurial start-ups.
In any jurisdiction, only a very small percentage of small start-up firms will every break out and become global leaders in their industry. Determining how a cadre of these ambitious entrepreneurs can be fostered in a specific area is the holy grail of economic development.
An interesting report published this week by the World Economic Forum sheds some light on the factors that drive successful entrepreneurship. The report studied evidence from 110 surveys in 22 different countries.
To read the full, original article click on this link: nbbusinessjournal.com - Report finds interesting ways of fostering ambitious entrepreneurship - Breaking News, New Brunswick, Canada
