Entrepreneurship in the Global Economy: Engine for Economic Growth

by Henry Kressel, Thomas V. Lento

Overview

Entrepreneurs have long been drivers of innovation in developed countries. They start companies and create new industries that keep economies strong and prosperous. Today, however, in developing nations such as China, state-controlled economies are building robust industries at stunning speed and siphoning off jobs from the West. How can entrepreneurs function in the face of this challenge? Can they continue to create economic value in a globalized business environment? This book addresses the crucial issue of state planning vs. free enterprise and examines specific problems surrounding entrepreneurship in the global economy through nine case histories of entrepreneurial companies. It also looks at how and why government gets involved in economic growth and how entrepreneurs contribute to economic value. Based on this analysis, the authors argue that companies can succeed, even in controlled economies, by understanding the customs and policies of countries where they do business.

Product Details

ISBN-13:	9781139540100
Publisher:	Cambridge University Press
Publication date:	07/19/2012
Sold by:	Barnes & Noble
Format:	eBook
File size:	779 KB

About the Author

Henry Kressel, a senior partner of Warburg Pincus LLC, has been responsible for investments in technology companies in the USA, Europe and Asia. He began his career at RCA Laboratories where he pioneered the first practical semiconductor lasers. He was the founding president of the IEEE Photonics Society and co-founded the IEEE/OSA Journal of Lightwave Technology. He is the recipient of many awards and honors, a Fellow of the American Physical Society and the IEEE, was elected to the US National Academy of Engineering and is holder of thirty-one issued US patents for electronic and optoelectronic devices. He is the co-author of three previous books, Semiconductor Lasers and Heterojunction LEDS with J. K. Butler (1977) and Competing for the Future: How Digital Innovations are Changing the World (Cambridge, 2007) and Investing in Dynamic Markets: Venture Capital in the Digital Age (Cambridge, 2010), both with Thomas V. Lento. He also edited Semiconductor Devices for Optical Communications (1987).
Thomas V. Lento is founder and President of InterComm, a corporate communications consultancy specializing in technology companies. He has been a university professor, an ad agency executive and Director of Communications for Sarnoff Corporation. In addition to collaborating with Henry Kressel on three books, he was editor of Inventing the Future: 60 Years of Innovation at Sarnoff and co-authored Gregory H. Olsen's By Any Means Necessary: An Entrepreneur's Journey into Space (2009).

Table of Contents

List of figures; List of tables; Introduction; 1. Government: boss, financial partner, regulator - entrepreneurs in mixed economies; 2. Standing still is not an option - on promoting entrepreneurship and economic growth; 3. Electronic innovation and the government: David Sarnoff builds the RCA empire; 4. Global problem, golden opportunity: Ron Stanton profits from market disruption; 5. Speeding voice and data traffic worldwide: network microprocessors from RMI; 6. Building a world leader: SanDisk and flash memories; 7. Implementing information technology across the globe; 8. Three start-ups in China - entrepreneurs in a controlled economy; 9. Connecting the wireless networks of the world; 10. Building an economy: government planning vs. entrepreneurial innovation; Bibliography; Index.

Editorial Reviews

"To succeed, today's ambitious start-ups—whether they are high-tech enterprises or low-tech service companies—must be global from inception. Entrepreneurs need access to deeper pockets than ever. But they also need to know how to maneuver through government mazes in state-dominated economies like China's. It is a winner-take-all world. The authors of Entrepreneurship in the Global Economy try to identify what makes a winner." - David P. Goldman, The Wall Street Journal

From the Publisher