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The Entrepreneurial State: A Deep Dive into Mariana Mazzucato's Groundbreaking Work
Introduction:
Are you intrigued by the role of government in fostering innovation and economic growth? Have you heard whispers about a book that challenges conventional wisdom on the relationship between the state and the market? Then you’ve come to the right place. This comprehensive guide delves into Mariana Mazzucato's groundbreaking work, The Entrepreneurial State, exploring its core arguments, key takeaways, and enduring relevance in today's complex economic landscape. We'll dissect its main chapters, examine its impact, and answer your burning questions about this influential book. Get ready to rethink your understanding of government's role in driving entrepreneurial success.
Chapter 1: Debunking the Myth of the "Passive" State
Mazzucato’s central thesis challenges the neoliberal narrative that casts the state as a mere passive facilitator of market forces. She argues persuasively that the state, far from being a hindrance to innovation, has consistently played an active and crucial role in driving technological advancements and creating the very conditions for entrepreneurial success. This isn't about socialist central planning; rather, it's about a strategic and targeted approach to public investment that de-risks innovation and fosters competition. The book meticulously dismantles the myth of the "invisible hand" and reveals the hidden hand of the state in shaping numerous technological breakthroughs. Examples range from the internet to pharmaceuticals, showcasing how government funding, research, and regulatory frameworks are essential ingredients for entrepreneurial success.
Chapter 2: From Basic Research to Market Deployment: The State's Multifaceted Role
The Entrepreneurial State doesn't just focus on the initial stages of innovation. Mazzucato meticulously traces the entire innovation value chain, highlighting the state's involvement at every stage. This includes:
Funding fundamental research: The book emphasizes the importance of public investment in basic science and research, which often lays the groundwork for future technological breakthroughs. Private companies rarely invest in high-risk, long-term research, making government funding essential.
Creating demand and setting standards: Governments can actively stimulate demand for innovative products and services through procurement policies and regulatory frameworks. Establishing standards and specifications also plays a crucial role in shaping market development.
Managing risk and providing finance: Mazzucato underscores the role of government in mitigating the inherent risks associated with innovation. This includes direct funding, loan guarantees, and other financial mechanisms designed to support high-risk ventures.
Chapter 3: Mission-Oriented Innovation: A New Approach to Public Policy
Moving beyond a purely market-driven approach, Mazzucato advocates for a "mission-oriented" innovation policy. This means setting ambitious societal goals (like tackling climate change or developing renewable energy) and then designing public policies that actively support the development of the technologies and industries needed to achieve those goals. This contrasts with the more fragmented, less strategic approach often seen in government funding. The mission-oriented approach requires a clear articulation of goals, strategic coordination across government agencies, and a commitment to long-term investment.
Chapter 4: Rethinking the Role of Private Enterprise
The book doesn't advocate for state control of the economy; instead, it proposes a more collaborative and balanced relationship between the public and private sectors. Mazzucato argues that private companies often benefit disproportionately from public investments while taking minimal risk. She challenges the conventional wisdom that private enterprise alone drives innovation and highlights the critical role of the state in nurturing and shaping that innovation. This section stresses the importance of fair returns on public investment and ensuring that the benefits of innovation are broadly shared.
Chapter 5: The Entrepreneurial State in Action: Case Studies and Examples
Throughout the book, Mazzucato provides compelling case studies illustrating the active role of the state in driving innovation across various sectors. These real-world examples demonstrate the efficacy of her arguments and provide concrete evidence to support her claims. The examples highlight the diverse ways in which governments can foster innovation, from directly funding research to creating regulatory frameworks that incentivize private investment. These case studies are crucial in solidifying the book's core message and demonstrating the practical implications of its proposals.
Book Outline: The Entrepreneurial State by Mariana Mazzucato
I. Introduction: Setting the Stage: Challenging the Conventional Wisdom
Overview of the neoliberal narrative and its shortcomings
Introducing the concept of the "entrepreneurial state"
Thesis statement: The active role of the state in driving innovation
II. Main Chapters: A Deep Dive into the State's Role
Chapter 1: Debunking the Myth of the Passive State
Chapter 2: The State's Multifaceted Involvement in the Innovation Value Chain (from basic research to market deployment)
Chapter 3: Mission-Oriented Innovation: A New Paradigm for Public Policy
Chapter 4: Redefining the Relationship between the Public and Private Sectors
Chapter 5: Case studies and examples illustrating the entrepreneurial state in action (e.g., the development of the internet, pharmaceuticals, renewable energy)
III. Conclusion: A Call to Action for a More Strategic and Purposeful Public Sector
Recap of key arguments and findings
Policy recommendations for fostering a more entrepreneurial state
A vision for a future where the public and private sectors work collaboratively to drive innovation and address societal challenges
Detailed Explanation of the Outline Points:
Each point in the outline above is explained in detail within the main body of this blog post. The introduction lays the foundation, introducing the central argument and outlining the book's key themes. The main chapters meticulously dissect the state's role in innovation, from funding basic research to creating market demand and managing risk. The conclusion summarizes the core arguments and advocates for a more strategic approach to public policy.
Frequently Asked Questions (FAQs):
1. Is The Entrepreneurial State a socialist manifesto? No, it's not advocating for state control of the economy. It argues for a strategic partnership between the public and private sectors.
2. What are some real-world examples of the "entrepreneurial state" in action? The book cites examples like the development of the internet, the pharmaceutical industry, and renewable energy technologies.
3. How does the book differ from traditional economic theories? It challenges the neoliberal view that the state should play a minimal role in the economy, emphasizing its active role in driving innovation.
4. What is mission-oriented innovation? It's a policy approach that sets ambitious societal goals and then designs policies to achieve those goals through targeted investments.
5. Who is the book intended for? Anyone interested in economics, public policy, innovation, and the relationship between the state and the market.
6. What are the policy implications of Mazzucato's arguments? They call for a more strategic and proactive approach to government investment in research and development.
7. How does the book address the issue of market failures? It highlights how government intervention can correct market failures and create the conditions for innovation to flourish.
8. What are the criticisms of The Entrepreneurial State? Some critics argue that it overstates the role of the state and underestimates the importance of market forces.
9. Where can I buy The Entrepreneurial State? It's available at major online retailers and bookstores.
Related Articles:
1. The Value of Public Investment in Research and Development: This article explores the long-term economic benefits of government funding for scientific research.
2. Mission-Oriented Innovation Policies: A Comparative Analysis: A comparative study of different countries' approaches to mission-oriented innovation policies.
3. The Role of Government Procurement in Stimulating Innovation: An examination of how government procurement can drive demand for innovative products and services.
4. The Economics of Risk and Uncertainty in Innovation: This article discusses the role of government in mitigating risk in high-risk, high-reward ventures.
5. The Impact of Regulatory Frameworks on Technological Innovation: Analysis of how regulation can both stifle and stimulate technological innovation.
6. Public-Private Partnerships: A Critical Assessment: An evaluation of the effectiveness of public-private partnerships in driving innovation.
7. Measuring the Return on Investment in Public Research: This article explores methods for evaluating the economic impact of government-funded research.
8. The Future of Innovation: A Mission-Oriented Approach: A forward-looking perspective on the role of government in shaping future innovation.
9. Mariana Mazzucato's Other Works: Exploring other publications by Mariana Mazzucato that expand upon themes discussed in The Entrepreneurial State.
| the entrepreneurial state book: Entrepreneurial State Mariana Mazzucato, 2015 List of Tables and Figures; List of Acronyms; Acknowledgements; Introduction: Thinking Big Again; Chapter 1: From Crisis Ideology to the Division of Innovative Labour; Chapter 2: Technology, Innovation and Growth; Chapter 3: Risk-Taking State: From 'De-risking' to 'Bring It On!'; Chapter 4: The US Entrepreneurial State; Chapter 5: The State behind the iPhone; Chapter 6: Pushing vs. Nudging the Green Industrial Revolution; Chapter 7: Wind and Solar Power: Government Success Stories and Technology in Crisis; Chapter 8: Risks and Rewards: From Rotten Apples to Symbiotic Ecosystems; Chapter 9: So. |
| the entrepreneurial state book: The Entrepreneurial State Mariana Mazzucato, 2015-10-06 Companies like Google and Apple heralded the information revolution, and opened the doors for Silicon Valley to grow into an engine of dazzling technological development, that today champions the free market that engendered it against the supposedly stifling encroachment of government regulation. But is that really the case? In this sharp and controversial expose, The Entrepreneurial State, Mariana Mazzucato debunks the pervasive myth that the state is a laggard, bureaucratic apparatus at odds with a dynamic private sector. Instead she reveals in case study after case study that, in fact, the opposite is true: the state is our boldest and most valuable innovator. The technology revolution would never have happened without support from the US Government. The breakthroughs--GPS, touch-screen displays, the Internet, and voice-activated AI--that enabled legendary Apple products to be smart successes were, in fact, all developed with support from the state. Mazzucato reveals that many successful entrepreneurs like Steve Jobs integrated state-funded technological developments into their products and then reaped the rewards themselves. The algorithm behind Google’s search engine was initially sponsored by NASA. And 75% of NMEs--new, often-ground-breaking drugs not derivative of existing substances--trace their research to National Institutes of Health (NIH) labs. The American government, it turns out, has been enormously successfully at stimulating scientific and technological advancement. But by 2009, just some months following the Great Recession--the US government, constrained by austerity measures, started disinvesting from its holdings in research fields like health, energy, electronics. The trend is likely to continue, and the repercussions of these policies could wreak havoc on our technology and science sectors. But Mazzucato remains optimistic. If managed correctly, state-sponsored development of Green technology, for instance, could be as efficacious as suburbanization & post-war reconstruction in the mid-twentieth century, and unleash a wide-spread golden age in the global economy. The limitations of natural resources and the threat of global warming could become the most powerful driver of growth, employment, and innovation within just one generation--but to be successful, the Green Revolution will depend on the initiatives of proactive governments. By not admitting the State’s role in economic and technological progress, we are socializing only the risks of investing in innovation, while privatizing the rewards in the hands of only a few businesses. This, Mazzucato argues, hurts both future of innovation and equity in modern-day capitalism. For policy-makers, Silicon Valley start-up founders, venture-capitalists, and economists alike, The Entrepreneurial State stirs up much needed debate and offers up a brilliant corrective to spurious beliefs: to thrive, American businesses have always and will need to depend on the support of our country’s most audacious entrepreneur, the state. |
| the entrepreneurial state book: The Entrepreneurial State Mariana Mazzucato, 2013 Named one of the best books of 2013 by the ï¿1⁄2Financial Timesï¿1⁄2, ï¿1⁄2Huffington Postï¿1⁄2 and ï¿1⁄2Forbesï¿1⁄2, this debate-shifting book debunks the myth of the State as a static bureaucratic organization only needed to ï¿1⁄2fixï¿1⁄2 market failures, leaving dynamic entrepreneurship and innovation to the private sector. Case studies ranging from the innovations that make the iPhone so ï¿1⁄2smartï¿1⁄2 to the current developments in clean technology reveal the reality, whereby the private sector only invests after the entrepreneurial State has made the bold, high-risk investments. |
| the entrepreneurial state book: The Myth of the Entrepreneurial State Deirdre Nansen McCloskey, Alberto Mingardi, 2020-10-16 A common narrative of the post-World War II economists was that the State is indispensable for guiding investment and fostering innovation. They claimed that the wealth of the modern world is the result of past State guidance and that what is needed for future economic growth is more State guidance. This position has recently been rejuvenated in reaction to the Great Recession of 2008. The truth is that the enriched modern economy was not a product of State coercion. It was a product of a change in political and social rhetoric in northwestern Europe from 1517 to 1789. The Great Enrichment, that is, came from human ingenuity emancipated from the bottom up, not human ingenuity directed from the top down. The true question is what on balance is the best way to organize innovation—by the “wise State” or by commercially tested betterment? The American Institute for Economic Research in Great Barrington, Massachusetts, was founded in 1933 as the first independent voice for sound economics in the United States. Today it publishes ongoing research, hosts educational programs, publishes books, sponsors interns and scholars, and is home to the world-renowned Bastiat Society and the highly respected Sound Money Project. The American Institute for Economic Research is a 501c3 public charity. The Adam Smith Institute is one of the world's leading think tanks, recognised as the best domestic and international economic policy think-tank in the UK and ranked 2nd in the world among Independent Think Tanks by the University of Pennsylvania. Independent, non-profit and non-partisan, the Adam Smith Institute works to promote free market, neoliberal ideas through research, publishing, media outreach, and education. The Institute is today at the forefront of making the case for free markets and a free society in the United Kingdom. The Institute was founded in the 1970s, as post-war socialism reached its high-watermark. Then, as now, its purpose was to educate the public about free markets and economic policy, and to inject sound ideas into the public debate. |
| the entrepreneurial state book: The Entrepreneurial State Mariana Mazzucato, 2011 The Entrepreneurial State explores the leading role that the State has played in generating innovation and economic growth in modern capitalism. |
| the entrepreneurial state book: The Entrepreneurial State in China Jane Duckett, 2006-10-19 Jane Duckett describes in detail new state business activities in China and explains why they have appeared. Using research on the northern city of Tianjin during the 1990s, she argues that individual departments, within the Chinese state, are involved in the market economy through the establishment of their own businesses. The book demonstrates that many of these businesses are genuinely entrepreneurial in the sense of profit-seeking, risk-taking and productive, rather than rent-seeking, speculative or profiteering. This entrepreneurialism is an important new dimension of state activity in China with implications for our understanding of the Chinese state. This book develops an alternative to the local government state model and emphasises instead the State's dynamic, entrepreneurial role in the process of economic reform. |
| the entrepreneurial state book: Public Purpose Mariana Mazzucato, 2021-10-26 How governments can spur growth and innovation to solve their greatest challenges—from green energy to national security to building resilient health systems. Known around the world for challenging mainstream economics, economist Mariana Mazzucato believes that “the public sector can and should be a co-creator of wealth that actively steers growth to meet its goals” (The Financial Times). In The Mission-Driven Economy, she calls on governments to create the economies we need today. Mazzucato’s challenge leads off a debate on the revival of Industrial policy—roughly defined as deliberate government action to re(shape) the economy. Industrial policy has fallen out of favor in recent decades as economists defer to free markets to produce innovation and growth. Yet today thinkers across the political spectrum have begun expressing new interest in industrial policy as a way to address the most serious problems of our times: from national security and climate change, to the market’s underfunding of public goods, to sluggish economic growth and labor market dysfunction. Together, contributors make a compelling case for industrial policy—what it is, and why we need it now. Addressing investment, innovation, supply chains, and growth, they offer a robust vision of a renewed industrial policy, and what it can offer the US economy in the face of climate change and a global pandemic. |
| the entrepreneurial state book: Questioning the Entrepreneurial State Karl Wennberg, Christian Sandström, 2022-04-23 The 2008 financial crisis and the COVID-19 pandemic have made the authorities to increasingly turn inward and use ethnocentrism, protectionism, and top-down approaches to guide policy on trade, competition, and industrial development. The continuing aftereffects of such policies range from the rise and seeming success of authoritarian states, rise of populist and protectionist trends, and evolving academic agendas inspiring the reemergence of top-down industrial policies across the world. This open access edited volume contains contributions from over 30 scholars with expertise in economics, innovation, management, and economic history. The chapters offer unique theoretical and empirical contributions discussing topics such as how industrial policies affect risk, incentives, and information for investments. They also address the policy perspectives on new technologies such as AI and its implications for market entry, the role for independent entrepreneurship in increasingly regulated markets, and whether governments should focus on market interventions or institutional capacity-building. Questioning the Entrepreneurial State initiates a much sought-after debate on the notion of an Entrepreneurial State. It discusses the dangers of top-down approaches to industrial policy, examines lessons from such approaches for future policy design, and calls attention to the progress of open and contestable markets in a sound economy and society. “Creative destruction, innovation and entrepreneurship are at the core of economic growth. The government has a clear role, to provide the basic fabric of a dynamic society, but industrial policy and state-owned companies are the boulevard of broken dreams and unrealized visions. This important message is convincingly stated in Questioning the Entrepreneurial State.” Anders Borg, former Minister of Finance, Sweden “Misreading the dynamism of American entrepreneurship, European intellectuals and policy makers have embraced a dangerous fantasy: catching up requires constructing an entrepreneurial state. This book provides a vital antidote: The entrepreneur comes first: The state may support. It cannot lead.” Amar Bhidé, Thomas Schmidheiny Professor of International Business, Tufts University “This important new book subjects the emergence of the entrepreneurial state, which reflects a shift in the locus of entrepreneurship from the individual to the public sector, to the scrutiny of rigorous analysis. The resulting concerns, flaws and biases inherent in the entrepreneurial state exposed are both alarming and sobering. The skill and scholarly craftsmanship brought to bear in this crucial analysis is evident throughout the book, along with the even, but ultimately consequential thinking of the authors. A must read for researchers and thought leaders in business and policy. David Audtretsch, Distinguished Professor, Ameritech Chair of Economic Development, Indiana University |
| the entrepreneurial state book: The Rise of the Entrepreneurial State Peter K. Eisinger, 1988 The Rise of the Entrepreneurial State charts the development of state and local government initiatives to influence the market and strengthen economic development policies. This trend marked a decisive break from governments' traditionally small role in the affairs of private industry that defined the relationship between the public and private sector for the first half of the twentieth century. The turn to state and local government intervention signaled a change in subnational politics that, in many ways, transcended partisan politics, regional distinctions ,and racial alliances. Eisinger's meticulous research uncovers state and local governments' transition from supply-side to demand-side strategies of market creation. He shows that, instead of relying solely on the supply-side strategies of tax breaks and other incentives to encourage business relocation, some governments promoted innovation and the creation of new business approaches. |
| the entrepreneurial state book: Mission Economy Mariana Mazzucato, 2021-03-23 Longlisted for the 2021 Porchlight Business Book Awards, Big Ideas & New Perspectives “She offers something both broad and scarce: a compelling new story about how to create a desirable future.”—New York Times An award-winning author and leading international economist delivers a hard-hitting and much needed critique of modern capitalism in which she argues that, to solve the massive crises facing us, we must be innovative—we must use collaborative, mission-oriented thinking while also bringing a stakeholder view of public private partnerships which means not only taking risks together but also sharing the rewards. Capitalism is in crisis. The rich have gotten richer—the 1 percent, those with more than $1 million, own 44 percent of the world's wealth—while climate change is transforming—and in some cases wiping out—life on the planet. We are plagued by crises threatening our lives, and this situation is unsustainable. But how do we fix these problems decades in the making? Mission Economy looks at the grand challenges facing us in a radically new way. Global warming, pollution, dementia, obesity, gun violence, mobility—these environmental, health, and social dilemmas are huge, complex, and have no simple solutions. Mariana Mazzucato argues we need to think bigger and mobilize our resources in a way that is as bold as inspirational as the moon landing—this time to the most ‘wicked’ social problems of our time.. We can only begin to find answers if we fundamentally restructure capitalism to make it inclusive, sustainable, and driven by innovation that tackles concrete problems from the digital divide, to health pandemics, to our polluted cities. That means changing government tools and culture, creating new markers of corporate governance, and ensuring that corporations, society, and the government coalesce to share a common goal. We did it to go to the moon. We can do it again to fix our problems and improve the lives of every one of us. We simply can no longer afford not to. |
| the entrepreneurial state book: How to Make an Entrepreneurial State Rainer Kattel, Wolfgang Drechsler, Erkki Karo, 2022-09-13 A ground-breaking account which shows how the public sector must adapt, but also persevere, in order to advance technology and innovation From self-driving cars to smart grids, governments are experimenting with new technologies to significantly change the way we live. Innovation has become vitally important to states across the world. Rainer Kattel, Wolfgang Drechsler and Erkki Karo explore how public bodies pursue innovation, looking at how new policies are designed and implemented. Spanning Europe, the USA and Asia, the authors show how different institutions finance new technologies and share cutting-edge information. They argue for the importance of ‘agile stability’, demonstrating that in order to successfully innovate, state organizations have to move nimbly like start-ups and yet ensure stability at the same time. And that, particularly in the light of the Covid-19 pandemic, governments need both long-term policy and dynamic capabilities to handle crises. This vital account explores the complex and often contradictory positions of innovating public bodies—and shows how they can overcome financial and political resistance to change for the good of us all. |
| the entrepreneurial state book: The Value of Everything Mariana Mazzucato, 2018-04-26 Who really creates wealth in our world? And how do we decide the value of what they do? At the heart of today's financial and economic crisis is a problem hiding in plain sight. In modern capitalism, value-extraction - the siphoning off of profits, from shareholders' dividends to bankers' bonuses - is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. We misidentify takers as makers, and have lost sight of what value really means. Once a central plank of economic thought, this concept of value - what it is, why it matters to us - is simply no longer discussed. Yet, argues Mariana Mazzucato in this penetrating and passionate new book, if we are to reform capitalism - to radically transform an increasingly sick system rather than continue feeding it - we urgently need to rethink where wealth comes from. Who is creating it, who is extracting it, and who is destroying it? Answers to these questions are key if we want to replace the current parasitic system with a type of capitalism that is more sustainable, more symbiotic: that works for us all. The Value of Everything will reignite a long-needed debate about the kind of world we really want to live in. |
| the entrepreneurial state book: The Girard Reader René Girard, 1996 Rene Girard, the author of groundbreaking scholarly books such as Violence and the Sacred and Things Hidden Since the Foundation of the World, has long been an intellectual cause celebre in Europe. Although he has studied and taught in the United States since the 1940s, he is now -- in his 70's -- finding his lifework praised and taught in academic and religious circles throughout the country.The Girard Reader brings that work to a broader audience. It includes major excerpts from Girard's books and articles which cover all aspects of his theories on violence, religion, and culture. These views cut across theology, biblical studies, anthropology, psychology, and literature. The book concludes with a conversation between Rene Girard and editor James G. Williams that brings new focus to his Christian vision and breathtaking ouevre. |
| the entrepreneurial state book: How to Make an Entrepreneurial State Rainer Kattel, Wolfgang Drechsler, Erkki Karo, 2022-09-02 A ground-breaking account which shows how the public sector must adapt, but also persevere, in order to advance technology and innovation From self-driving cars to smart grids, governments are experimenting with new technologies to significantly change the way we live. Innovation has become vitally important to states across the world. Rainer Kattel, Wolfgang Drechsler and Erkki Karo explore how public bodies pursue innovation, looking at how new policies are designed and implemented. Spanning Europe, the USA and Asia, the authors show how different institutions finance new technologies and share cutting-edge information. They argue for the importance of 'agile stability', demonstrating that in order to successfully innovate, state organizations have to move nimbly like start-ups and yet ensure stability at the same time. And that, particularly in the light of the Covid-19 pandemic, governments need both long-term policy and dynamic capabilities to handle crises. This vital account explores the complex and often contradictory positions of innovating public bodies--and shows how they can overcome financial and political resistance to change for the good of us all. |
| the entrepreneurial state book: Summary of Mariana Mazzucato's The Entrepreneurial State Everest Media,, 2022-05-28T22:59:00Z Please note: This is a companion version & not the original book. Sample Book Insights: #1 The book is dedicated to dismantling the false image of the State as an inertial, bureaucratic entity. In reality, the State is the innovative force, and it is up to it to prove this to the world. #2 The book examines the role of the State in creating innovation-led growth, and questions whether the current innovation ecosystem is a functional symbiotic one or a dysfunctional parasitic one. #3 The State is the source of many of the most radical, revolutionary innovations that have fueled the dynamics of capitalism. And all of the technologies that make Jobs’ iPhone so smart were government funded. #4 The State’s role in the economy requires a vision, a mission, and most of all confidence in what the State’s role is. This is why it is so important for economic theory to ignore or justify State intervention when the social return on investment is higher than the private return. |
| the entrepreneurial state book: Entrepreneurial Ecosystems Ben Spigel, 2020-07-31 This is a guide to understanding entrepreneurial ecosystems: what they are, why they matter, and to whom they matter. Ben Spigel explores this popular new theory of economic development, locating the intellectual roots of ecosystems, explaining the practices and processes that allow ecosystems to support the creation and growth of innovative entrepreneurial firms. |
| the entrepreneurial state book: Corporate Entrepreneurship Véronique Bouchard, Alain Fayolle, 2017-11-01 Entrepreneurship is vital for companies’ success, to allow them to adapt and grow in today’s interlinked and turbulent business environments. Yet as they grow in size and complexity, many companies become less innovative and more rigid. The challenge of how to deal with these trends has led to the rise of the field of Corporate Entrepreneurship, looking at the development of new business ideas and opportunities within established firms. This book provides an effective entry point to Corporate Entrepreneurship as an academic field and a management practice. Corporate Entrepreneurship leads readers through an overview of real-life Corporate Entrepreneurship; the aims, organisational models, implementation and results. Covering theoretical perspectives, empirical findings and practical concerns, the book also switches between the perspective of the individual and the organisation. Written by two specialists of the discipline, the book includes a wealth of real-life case studies, covering over three decades of Corporate Entrepreneurship practices, by companies of all sizes, geographies and sectors. With coverage of such topics as Internal Corporate Venturing and Participative Innovation, this thoughtful text will be required reading for entrepreneurship students around the world. |
| the entrepreneurial state book: Entrepreneurial States Yves Tiberghien, 2018-07-05 In Entrepreneurial States, an innovative examination of the comparative politics of reform in stakeholder systems, Yves Tiberghien analyzes the modern partnership between the state and global capital in attaining structural domestic change. The emergence of a powerful global equity market has altered incentives for the state and presented political leaders with a golden bargain—the infusion of abundant and cheap capital into domestic stock markets in exchange for reform of corporate governance and other regulatory changes. Drawing on extensive archival research and interviews with policy and corporate elites in Europe and East Asia, Tiberghien asks why states such as Korea and France have embraced this opportunity and engaged in far-reaching reforms to make their companies more attractive to foreign capital, whereas Japan and Germany have moved forward much more grudgingly. Interest groups and electoral institutions have their impacts, but by tracing the unfolding dynamic of reform under different constraints, Tiberghien shows that the role of political entrepreneurs is critical. Such policy elites act as mediators between global forces and national constraints. As risk takers and bargain builders, Tiberghien finds, they use corporate reform to reshape their political parties and to stake out new policy ground. The degree of political autonomy available to them and the domestic organization of bureaucratic responsibility determine their ability to succeed. |
| the entrepreneurial state book: The New Industrial State John Kenneth Galbraith, 2015-04-29 With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create consumer need where none previously existed. Multinational corporations are the continuation of this power system on an international level. The goal of these companies is not the betterment of society, but immortality through an uninterrupted stream of earnings. First published in 1967, The New Industrial State continues to resonate today. |
| the entrepreneurial state book: From Science to Startup Anil Sethi, 2016-04-13 This book charts the experiences, pitfalls and knowledge behind leading scientific ideas to successful startups. Written by one of Switzerland's top serial entrepreneurs, this book is a must-read for scientists and academicians who want to see their idea turn into a product and change the market. It is also pertinent for finance and business professionals who aspire to become technology entrepreneurs. Starting with personal qualities of an entrepreneur, Anil Sethi discusses successful ideas, technology evaluation, team formation, patents and investor expectations. To guide the entrepreneur, this book also analyzes deal closing, equity conversion and ideal exit strategies to follow. Ultimately Anil Sethi reveals the 'inside track' which helps understand what drives entrepreneurs and what they wouldn't admit. |
| the entrepreneurial state book: The Entrepreneurial State in China Jane Duckett, 2006-10-19 Jane Duckett describes in detail new state business activities in China and explains why they have appeared. Using research on the northern city of Tianjin during the 1990s, she argues that individual departments, within the Chinese state, are involved in the market economy through the establishment of their own businesses. The book demonstrates that many of these businesses are genuinely entrepreneurial in the sense of profit-seeking, risk-taking and productive, rather than rent-seeking, speculative or profiteering. This entrepreneurialism is an important new dimension of state activity in China with implications for our understanding of the Chinese state. This book develops an alternative to the local government state model and emphasises instead the State's dynamic, entrepreneurial role in the process of economic reform. |
| the entrepreneurial state book: Race and Entrepreneurial Success Robert W. Fairlie, Alicia M. Robb, 2010-08-13 A comprehensive analysis of racial disparities and the determinants of entrepreneurial performance—in particular, why Asian-owned businesses on average perform relatively well and why black-owned businesses typically do not. Thirteen million people in the United States—roughly one in ten workers—own a business. And yet rates of business ownership among African Americans are much lower and have been so throughout the twentieth century. In addition, and perhaps more importantly, businesses owned by African Americans tend to have lower sales, fewer employees and smaller payrolls, lower profits, and higher closure rates. In contrast, Asian American-owned businesses tend to be more successful. In Race and Entrepreneurial Success, minority entrepreneurship authorities Robert Fairlie and Alicia Robb examine racial disparities in business performance. Drawing on the rarely used, restricted-access Characteristics of Business Owners (CBO) dataset compiled by the U.S. Census Bureau, Fairlie and Robb examine in particular why Asian-owned firms perform well in comparison to white-owned businesses and black-owned firms typically do not. They also explore the broader question of why some entrepreneurs are successful and others are not. After providing new comprehensive estimates of recent trends in minority business ownership and performance, the authors examine the importance of human capital, financial capital, and family business background in successful business ownership. They find that a high level of startup capital is the most important factor contributing to the success of Asian-owned businesses, and that the lack of startup money for black businesses (attributable to the fact that nearly half of all black families have less than $6,000 in total wealth) contributes to their relative lack of success. In addition, higher education levels among Asian business owners explain much of their success relative to both white- and African American-owned businesses. Finally, Fairlie and Robb find that black entrepreneurs have fewer opportunities than white entrepreneurs to acquire valuable pre-business work experience through working in family businesses. |
| the entrepreneurial state book: Capitalism with Chinese Characteristics Yasheng Huang, 2008-09-01 Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms. |
| the entrepreneurial state book: The Entrepreneurs Book of Actions: Essential Daily Exercises and Habits for Becoming Wealthier, Smarter, and More Successful Rhett Power, 2017-01-06 The action plan for building your entrepreneurial empire—one day at a time While every entrepreneur knows that the key to success is business growth, few ever see it happen. Why? Because they know how to plant seeds, but they don’t understand that the real work lies in helping that seed grow—which takes knowledge, persistence, and patience. The Entrepreneurs Book of Actions helps you develop the mindset of a true entrepreneur and provides manageable steps for making your business vision a reality. Informative, inspiring, and based on real-life, hard-earned lessons, it provides common-sense, daily exercises you can jump into on day one. Learn how to drive sustainable business growth by: * Breaking bad habits—and developing good ones * Managing your time and money more effectively * Hiring the right people for the right job * Minimizing the effort required to perform basic tasks * Motivating your staff to be mission-focused * Creating “free” time to feed your innovative side You’ll begin to see your business in a completely new way—with a sense of clarity and purpose. You’ll begin identifying the issues that really affect your business—not the ones that feed your anxiety. You’ll become the kind of leader other entrepreneurs look up to—calm, optimistic, driven. The Entrepreneurs Book of Actions will provide the direction you need to make the best use of your time, your energy, and your creativity. It’s not isn’t a quick-fix. It’s work. But it’s manageable, it’s proven effective—and it will pay off big. |
| the entrepreneurial state book: Mission-Oriented Finance for Innovation Mariana Mazzucato, Caetano C.R. Penna, 2015-03-06 The role of the state in modern capitalism has gone beyond fixing market failures. Those regions and countries that have succeeded in achieving “smart” innovation-led growth have benefited from long-term visionary “mission-oriented” policies—from putting a man on the moon to tackling societal challenges such as climate change and the wellbeing of an ageing population. This book collects the experience of different types of mission-oriented public institutions around the world, together with thought-provoking chapters from leading economists. As the global debate on deficits and debt levels continues to roar, the book offers a challenge to the conventional narrative—asking what kinds of visionary fiscal policies we need to help promote smart” innovation-led, inclusive, and sustainable growth. |
| the entrepreneurial state book: Navigating Colonial Orders Kirsten Alsaker Kjerland, Bjørn Enge Bertelsen, 2014-11-01 Norwegians in colonial Africa and Oceania had varying aspirations and adapted in different ways to changing social, political and geographical circumstances in foreign, colonial settings. They included Norwegian shipowners, captains, and diplomats; traders and whalers along the African coast and in Antarctica; large-scale plantation owners in Mozambique and Hawai’i; big business men in South Africa; jacks of all trades in the Solomon Islands; timber merchants on Zanzibar’ coffee farmers in Kenya; and King Leopold’s footmen in Congo. This collection reveals narratives of the colonial era that are often ignored or obscured by the national histories of former colonial powers. It charts the entrepreneurial routes chosen by various Norwegians and the places they ventured, while demonstrating the importance of recognizing the complicity of such “non-colonial colonials” for understanding the complexity of colonial history. |
| the entrepreneurial state book: The Startup Way Eric Ries, 2017-10-17 Entrepreneur and bestselling author of The Lean Startup, Eric Ries reveals how entrepreneurial principles can be used by businesses of all kinds, ranging from established companies to early-stage startups, to grow revenues, drive innovation, and transform themselves into truly modern organizations, poised to take advantage of the enormous opportunities of the twenty-first century. In The Lean Startup, Eric Ries laid out the practices of successful startups – building a minimal viable product, customer-focused and scientific testing based on a build-measure-learn method of continuous innovation, and deciding whether to persevere or pivot. In The Startup Way, he turns his attention to an entirely new group of organizations: established enterprises like iconic multinationals GE and Toyota, tech titans like Amazon and Facebook, and the next generation of Silicon Valley upstarts like Airbnb and Twilio. Drawing on his experiences over the past five years working with these organizations, as well as nonprofits, NGOs, and governments, Ries lays out a system of entrepreneurial management that leads organizations of all sizes and from every industry to sustainable growth and long-term impact. Filled with in-the-field stories, insights, and tools, The Startup Way is an essential road map for any organization navigating the uncertain waters of the century ahead. |
| the entrepreneurial state book: Disciplined Entrepreneurship Bill Aulet, 2013-08-12 24 Steps to Success! Disciplined Entrepreneurship will change the way you think about starting a company. Many believe that entrepreneurship cannot be taught, but great entrepreneurs aren’t born with something special – they simply make great products. This book will show you how to create a successful startup through developing an innovative product. It breaks down the necessary processes into an integrated, comprehensive, and proven 24-step framework that any industrious person can learn and apply. You will learn: Why the “F” word – focus – is crucial to a startup’s success Common obstacles that entrepreneurs face – and how to overcome them How to use innovation to stand out in the crowd – it’s not just about technology Whether you’re a first-time or repeat entrepreneur, Disciplined Entrepreneurship gives you the tools you need to improve your odds of making a product people want. Author Bill Aulet is the managing director of the Martin Trust Center for MIT Entrepreneurship as well as a senior lecturer at the MIT Sloan School of Management. For more please visit http://disciplinedentrepreneurship.com/ |
| the entrepreneurial state book: The Art Of Conjuring Alternate Realities Shivam Shankar Singh, Anand Venkatanarayanan, 2021-08-02 HOW DO POLITICIANS IN TODAY'S world attain power? How do nations become powerful? Why do human beings follow others unquestioningly, even if it is to their own detriment? What factors determine which politicians, nations and organizations will dominate the modern world? Through much of human history, societal control was determined by militaristic strength. Individuals and tribes fought to control vital resources and land. In the next part of evolution marked by colonialism and the emergence of mega-corporations, money determined power. In the recent decade, the key to supremacy has shifted again. The power and control individuals, leaders and nations have is now determined by their ability to mould the information environment. In The Art of Conjuring Alternate Realities, Shivam Shankar Singh and Anand Venkatanarayanan dive into the operations of political parties, cyber criminals, godmen, nation states and intelligence agencies from around the world to explain how the power to manipulate your thoughts is being harnessed, and how information warfare is shaping your life and world. |
| the entrepreneurial state book: Scale Your Everest Erik Z. Severinghaus, 2021-04-27 While Erik Z. Severinghaus has been to the top of the physical world (literally climbing Everest) and the business world (exiting companies for hundreds of millions of dollars), what has defined his journey is not the successes but rather the hard times of loneliness and self-doubt that nearly cost him his accomplishments and his life. Every entrepreneur experiences these crippling but unspoken challenges. Not coincidentally, entrepreneurs have three times the rate of addiction and twice the rate of suicide of the general population. This guidebook passes along the lessons needed in those dark times, with the hope that it will help every entrepreneur who is going through this struggle understand their journey and build the mental resiliency to succeed. |
| the entrepreneurial state book: The Entrepreneurial Personality Elizabeth Chell, David E. Wicklander, Shane G. Sturman, L. Wayne Hoover, 2008-05-09 Is there such a thing as an 'entrepreneurial personality'? What makes someone an entrepreneur is a question that has intrigued the lay person and the scholar for many years, but can such a personality be identified or is it simply a socially constructed phenomenon? Elizabeth Chell pursues an alternative line of argument: to show that the entreprene |
| the entrepreneurial state book: A Dozen Lessons for Entrepreneurs Tren Griffin, 2017-11-21 A Dozen Lessons for Entrepreneurs shows how the insights of leading venture capitalists can teach readers to create a unique approach to building a successful business. Through profiles and interviews of figures such as Bill Gurley of Benchmark Capital, Marc Andreesen and Ben Horowitz of Andreesen Horowitz, and Jenny Lee of GGV Capital, Tren Griffin draws out the fundamental lessons from their ideas and experiences. Entrepreneurs should learn from past successes but also be prepared to break new ground. While there are best practices, there is no single recipe they should follow. By better understanding the views and experiences of a wide range of successful venture capitalists and entrepreneurs, readers can discern which of many possible paths will lead to success. With insight and verve, Griffin argues that innovation and best practices are discovered by the experimentation of entrepreneurs as they establish the evolutionary fitness of their business. The products and services created through this experimentation that have greater fitness survive, and less-fit products and services die. Entrepreneurs have always experimented when creating or altering a business. What is different today is the existence of modern tools and systems that allow experiments to be conducted more cheaply and rapidly than ever before. Griffin shows that listening to what the best venture capitalists have to say is invaluable for entrepreneurs. Their experiences, if studied carefully, teach bedrock methods and guiding principles for approaching business. |
| the entrepreneurial state book: Digital Kenya Bitange Ndemo, Tim Weiss, 2016-11-18 This book is open access under a CC BY 4.0 license. Presenting rigorous and original research, this volume offers key insights into the historical, cultural, social, economic and political forces at play in the creation of world-class ICT innovations in Kenya. Following the arrival of fiber-optic cables in 2009, Digital Kenya examines why the initial entrepreneurial spirit and digital revolution has begun to falter despite support from motivated entrepreneurs, international investors, policy experts and others. Written by engaged scholars and professionals in the field, the book offers 15 eye-opening chapters and 14 one-on-one conversations with entrepreneurs and investors to ask why establishing ICT start-ups on a continental and global scale remains a challenge on the “Silicon Savannah”. The authors present evidence-based recommendations to help Kenya to continue producing globally impactful ICT innovations that improve the lives of those still waiting on the side-lines, and to inspire other nations to do the same. |
| the entrepreneurial state book: Entrepreneurship Michael Laverty, Chris Littel, 2020 This textbook is intended for use in introductory Entrepreneurship classes at the undergraduate level. Due to the wide range of audiences and course approaches, the book is designed to be as flexible as possible. Theoretical and practical aspects are presented in a balanced manner, and specific components such as the business plan are provided in multiple formats. Entrepreneurship aims to drive students toward active participation in entrepreneurial roles, and exposes them to a wide range of companies and scenarios. |
| the entrepreneurial state book: Entrepreneurial Essentials James D. Roumeliotis, 2012-07-30 A book about implementing refreshing business strategies in the marketplace including: - Strategies every successful leader must know. - Sales Management Tactics for the goal-oriented executive. - Executive Leadership. - Effective Marketing and Branding techniques - Design, Innovation, and the Luxury Domain. - What you don't know could hurt your business. - Additional thoughts about post-recession marketing - Effective political campaign strategies by utilizing marketing techniques along with the personal brand.... |
| the entrepreneurial state book: The Entrepreneurial College President James Lee Fisher, James V. Koch, 2004 If you wish to know what effective college presidents actually think and how they behave, this is the book for you. It is must reading for all who are interested in the American college presidency and leadership in general. |
| the entrepreneurial state book: The Entrepreneurial Connection Gurmeet Naroola, 2001 Transcript of interviews with entrepreneurs of Indian origin. |
| the entrepreneurial state book: The Entrepreneurial Society J. Bonnet, Domingo García Pérez de Lema, Howard E. Van Auken, 2010 The eclectic approaches to entrepreneurship within this book, gathered from different countries and fields of research, will prove to be hotly sought after by researchers and postgraduate students of entrepreneurship and social policy. -- |
| the entrepreneurial state book: Making Poor Nations Rich Benjamin Powell, 2008 Making Poor Nations Rich illustrates the importance of institutions that support economic freedom and private property rights for promoting the form of productive entrepreneurship that leads to sustained increases in countries' standard of living. |
| the entrepreneurial state book: Lessons from the Poor Alvaro Vargas Llosa, 2008 Combining rigorous economic and political analysis with narrative highlights, this volume chronicles remarkable rags-to-riches stories that will inspire and educate readers. As an important contribution to the literature on economic development, Lessons from the Poor is a must-read for global investors, microlenders, foreign policy analysts, political economists, international relations experts, and anyone interested in helping the poor find a way out of poverty. With stories that look at the textile and soft drink industries in Peru, the growth of Kenya's chain stores and one-person kiosks, the rise of barter clubs in Argentina, and Nigerian clothing design, these studies provide insights into entrepreneurship and the role that government regulations often play in impeding development. Book jacket. |
