Wednesday, 18 September 2013

Simon Johnson on Entrepreneurship

He's one economist that I really appreciate. Both his views and his knowledge. He was also the ex-chief economist of the WB.

He currently takes a course on Entrepreneurship in MIT Sloan school of mngmt and this is a nice excerpt from class #4 of his course.

"In contrast, creating a strong technology development environment can be very helpful.  In part this can be based on activities by large local companies and even multinationals (e.g., early in the case of software development in India), as long as people and ideas can migrate into the start-up sector.  Endeavor has had great success – see their metrics – by focusing on developing trust among key people, including entrepreneurs, influential established business leaders, and governments.  (I’ve been an adviser to Endeavor in the past, and I highly recommend participation in their International Selection Panels – where outside experts interview candidates and determine which specific people should receive Endeavor support.)"

More here